Avadel Pharmaceuticals
AVDL
AVDL was delisted on the 11th of February, 2026.
175 hedge funds and large institutions have $613M invested in Avadel Pharmaceuticals in 2025 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 60 increasing their positions, 45 reducing their positions, and 26 closing their positions.
65% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 26
33% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 45
10% more funds holding
Funds holding: 159 → 175 (+16)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
1.93% less ownership
Funds ownership: 82.51% → 80.58% (-1.9%)
27% less capital invested
Capital invested by funds: $836M → $613M (-$223M)
44% less call options, than puts
Call options by funds: $2.25M | Put options by funds: $3.99M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$29.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$8.67M |
| 3 |
KAM
Krensavage Asset Management
New York
|
+$7.96M |
| 4 |
TSC
Two Seas Capital
Rye,
New York
|
+$5.44M |
| 5 |
TCM
Tang Capital Management
San Diego,
California
|
+$5.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Braidwell
Stamford,
Connecticut
|
-$43.2M |
| 2 |
TLP
Tri Locum Partners
New York
|
-$20.4M |
| 3 |
Goldman Sachs
New York
|
-$11.9M |
| 4 |
CC
Checkpoint Capital
San Francisco,
California
|
-$10.6M |
| 5 |
Millennium Management
New York
|
-$9.35M |
AVDL Hedge Fund Activity: Q1 2025 in Review
175 of the 7,464 institutional investors tracked by Wall St. Rank reported a position in Avadel Pharmaceuticals (AVDL) for Q1 2025, worth a combined $613M — down 27% from $836M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new AVDL positions and 26 closed out — a net gain of 17 holders — while 60 added to existing stakes and 45 trimmed.
The largest buyer was Brandes Investment Partners, adding an estimated $29.3M. The largest seller was Braidwell, exiting entirely with an estimated $43.2M sold.
- 175 institutional investors held Avadel Pharmaceuticals (AVDL) as of Q1 2025, up from 159 in Q4 2024.
- Funds reported $613M of Avadel Pharmaceuticals stock for Q1 2025, down 27% quarter-over-quarter.
- 43 funds opened new Avadel Pharmaceuticals positions in Q1 2025 and 26 closed out, a net change of +17 holders.
- The largest Avadel Pharmaceuticals buyer in Q1 2025 was Brandes Investment Partners, an estimated $29.3M added.
- The largest Avadel Pharmaceuticals seller in Q1 2025 was Braidwell, an estimated $43.2M sold.
Based on aggregated 13F filings for Q1 2025.