ADMA Biologics

ADMA • NASDAQ

ADMA Biologics is a biotechnology company in the healthcare sector on NASDAQ, led by Adam S. Grossman, with a market cap of $4.7B. As of Q3 2025, 94% of shares are held by 356 institutional investors, with BlackRock, Inc. as the largest holder at 14.93%.

President, Chief Executive Officer, and Interim Chief Financial OfficerAdam S. Grossman

Market Cap$4.7B

Biotechnology

Healthcare

Employees624.0

Websiteadmabiologics.com

Country

United States of America

Overview

Overview of institutional ownership in ADMA as of Q3 2025 with a market cap of $3.5B

All Institutions

Institutions: 356
Value Held: $3.3B
Shares Held: 219.2M
Avg Position: $9.2M
Median Position: $653.0K

Hedge Funds

Hedge Funds: 43
Value Held: $438.7M
Shares Held: 29.9M
Avg Position: $10.2M
Median Position: $1.6M

Ownership Breakdown

Institutional (non-HF)

81.13%

$2.8B

Hedge Funds

12.54%

$438.7M

Retail & Other

6.33%

$221.6M

Based on market cap of $3.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ADMA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$522.4M 0.01% of portfolio	14.93% 35.6M shares	Q1 2017 Held for 8y 8m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$307.5M 0.00% of portfolio	8.79% 21.0M shares	Q2 2015 Held for 10y 5m	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$198.8M 0.01% of portfolio	5.68% 13.6M shares	Q2 2018 Held for 7y 5m	$2.88T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$183.3M 0.03% of portfolio	5.24% 12.5M shares	Q4 2021 Held for 3y 11m	$633.08B
Sachem Head Capital Management LP Hedge Fund•Long/Short	Scott David Ferguson Managing Partner	$131.4M 3.50% of portfolio	3.75% 9.0M shares	Q3 2025 Held for 2 months	$3.8B
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$104.3M 0.03% of portfolio	1.19% 2.8M shares	Q2 2023 Held for 2y 5m	$395.36B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$85.2M 0.01% of portfolio	2.44% 5.8M shares	Q3 2016 Held for 9y 2m	$1.57T
N Nuveen, LLC Institution	-	$83.9M 0.02% of portfolio	2.40% 5.7M shares	Q1 2025 Held for 8 months	$377.89B
WESTFIELD CAPITAL MANAGEMENT CO LP Long Only Manager	William Albert Muggia CEO	$74.9M 0.31% of portfolio	2.14% 5.1M shares	Q3 2025 Held for 2 months	$23.8B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$70.3M 0.02% of portfolio	2.01% 4.8M shares	Q3 2020 Held for 5y 2m	$466.32B

Net Capital Flow

Institutional buying and selling activity for ADMA in Q3 2025

Traded: +$98.3M
Buyers: 169
Sellers: 212
Total Bought: +$577.5M
Total Sold: −$479.2M
Avg Position: $7.8M

Biggest Buyers

Institution	Net Bought	Current Position
Sachem Head Capital Management LP Hedge Fund•Long/Short	+$131.4M +9.0M shares	$131.4M 9.0M shares
WESTFIELD CAPITAL MANAGEMENT CO LP Long Only Manager	+$74.9M +5.1M shares	$74.9M 5.1M shares
Capital Research Global Investors RIA/Wealth	+$47.7M +3.3M shares	$47.7M 3.3M shares
C Caligan Partners LP Hedge Fund•Activist	+$38.7M +2.6M shares	$38.7M 2.6M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$31.1M +2.1M shares	$31.1M 2.1M shares
STATE STREET CORP Institution	+$21.7M +1.5M shares	$198.8M 13.6M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$19.4M +1.3M shares	$19.4M 1.3M shares
MetLife Investment Advisors, LLC Insurance Manager	+$19.2M +1.3M shares	$19.2M 1.3M shares
Partner Fund Management, L.P. Hedge Fund•Sector	+$17.3M +1.2M shares	$17.3M 1.2M shares
GOLDMAN SACHS GROUP INC Institution	+$16.0M +1.1M shares	$42.7M 2.9M shares

Biggest Sellers

Institution	Net Sold	Current Position
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$45.1M −2.5M shares	Sold Off 0 shares
FMR LLC Institution	−$36.4M −2.5M shares	$10.7M 732.7K shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Long Only Manager	−$32.8M −1.8M shares	Sold Off 0 shares
LORD, ABBETT & CO. LLC Long Only Manager	−$32.4M −1.8M shares	Sold Off 0 shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$30.4M −1.7M shares	Sold Off 0 shares
Allspring Global Investments Holdings, LLC Long Only Manager	−$26.7M −1.8M shares	$23.3M 1.5M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$13.2M −901.6K shares	$1.9M 131.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$12.5M −850.9K shares	$4.2M 284.8K shares
B BlackRock, Inc. Institution	−$12.3M −841.7K shares	$522.4M 35.6M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$12.1M −828.6K shares	$1.5M 103.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ADMA in Q3 2025

New Positions: 31
New Value: $290.5M
Exited Positions: 64
Exited Value: $188.6M

New Positions

Institution	Position Value
Sachem Head Capital Management LP Hedge Fund•Long/Short	$131.4M 9.0M shares
WESTFIELD CAPITAL MANAGEMENT CO LP Long Only Manager	$74.9M 5.1M shares
Capital Research Global Investors RIA/Wealth	$47.7M 3.3M shares
Partner Fund Management, L.P. Hedge Fund•Sector	$17.3M 1.2M shares
NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager	$5.8M 395.6K shares
Chevy Chase Trust Holdings, Inc. RIA/Wealth	$5.8M 394.7K shares
HighVista Strategies LLC Fund of Funds	$1.4M 95.1K shares
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Market Neutral	$1.3M 90.3K shares
V VIRGINIA RETIREMENT SYSTEMS ET AL Institution	$1.1M 75.4K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$883.7K 60.3K shares

Exited Positions

Institution	Previous Position
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	$45.1M 2.5M shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Long Only Manager	$32.8M 1.8M shares
LORD, ABBETT & CO. LLC Long Only Manager	$32.4M 1.8M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	$30.4M 1.7M shares
Palisades Investment Partners, LLC RIA/Wealth	$7.3M 398.6K shares
S Simplify Asset Management Inc. Institution	$6.9M 381.1K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$6.6M 360.6K shares
ZACKS INVESTMENT MANAGEMENT RIA/Wealth	$3.7M 205.6K shares
Aubrey Capital Management Ltd Long Only Manager	$3.5M 189.8K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.9M 102.9K shares

Options Activity

Institutions with the largest Call and Put options positions in ADMA as of Q3 2025

Call Positions: 10
Call Value: $45.2M
Put Positions: 9
Put Value: $27.8M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$15.7M 10.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$13.4M 9.1K contracts
Caption Management, LLC Hedge Fund•Long/Short	$4.4M 3.0K contracts
J JANE STREET GROUP, LLC Institution	$4.2M 2.8K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$3.5M 2.4K contracts
W WOLVERINE TRADING, LLC Institution	$1.8M 1.2K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.0M 689.0 contracts
C Cubist Systematic Strategies, LLC Institution	$545.4K 372.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$337.2K 230.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$332.8K 227.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$13.9M 9.5K contracts
Caption Management, LLC Hedge Fund•Long/Short	$4.9M 3.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.4M 2.3K contracts
J JANE STREET GROUP, LLC Institution	$2.2M 1.5K contracts
W WOLVERINE TRADING, LLC Institution	$1.2M 824.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$991.0K 676.0 contracts
CITIGROUP INC Institution	$741.8K 506.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$296.1K 202.0 contracts
C Cubist Systematic Strategies, LLC Institution	$200.8K 137.0 contracts

Most Committed Institutions

Institutions with ADMA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B B Group, Inc. Institution	-	40.86% $35.4M	1.01% 2.4M shares	Q4 2024 Held for 11 months	$86.6M
S Stonepine Capital Management, LLC Institution	-	8.81% $10.8M	0.31% 739.0K shares	Q4 2021 Held for 3y 11m	$123.0M
C Caligan Partners LP Hedge Fund•Activist	Tiffany Crowley CFO	5.36% $38.7M	1.10% 2.6M shares	Q3 2025 Held for 2 months	$720.7M
Sachem Head Capital Management LP Hedge Fund•Long/Short	Scott David Ferguson Managing Partner	3.50% $131.4M	3.75% 9.0M shares	Q3 2025 Held for 2 months	$3.8B
A AWM Investment Company, Inc. Hedge Fund•Event Driven	David Michael Greenhouse President	3.03% $32.3M	0.92% 2.2M shares	Q4 2021 Held for 3y 11m	$1.1B
Ranger Investment Management, L.P. Long Only Manager	Andrew Ferguson Hill President	2.39% $34.3M	0.98% 2.3M shares	Q1 2025 Held for 8 months	$1.4B
O Ophir Asset Management Pty Ltd Long Only Manager	Sandra Donnarumma COO	2.27% $18.4M	0.53% 1.3M shares	Q1 2024 Held for 1y 8m	$809.7M
Catalio Capital Management, LP Venture Capital	Olga Eduardovna Maltseva COO	1.86% $10.0M	0.29% 684.5K shares	Q4 2024 Held for 11 months	$540.9M
F First Turn Management, LLC Hedge Fund•Long/Short	Lisa Gable Wheatley Managing Partner	1.78% $11.9M	0.34% 808.7K shares	Q3 2024 Held for 1y 2m	$666.0M
MARATHON CAPITAL MANAGEMENT RIA/Wealth	Edward George Hart Partner	1.58% $6.8M	0.20% 466.6K shares	Q1 2025 Held for 8 months	$433.1M

Hedge Fund Spotlight

Discover hedge funds investing in ADMA

Trexquant Investment LP

Hedge Fund • Quant

Portfolio ManagerTaesoon (Tyger) Park

Portfolio Value: $9.7B
Positions: 1,540
Last Reported: Q3 2025

Sector Allocation

Position in ADMA Biologics

Market Value: $6.1M
Shares Held: 417.4K
Portfolio Weight: 0.06%
Owned Since: 2024-Q2

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