Adverum Biotechnologies, Inc.

ADVM • NASDAQ

Adverum Biotechnologies, Inc. is a biotechnology company in the healthcare sector on NASDAQ, led by Laurent Fischer, with a market cap of $96.3M. As of Q3 2025, 57% of shares are held by 49 institutional investors, with BML Capital Management, LLC as the largest holder at 14.57%.

CEOLaurent Fischer

Market Cap$96.3M

Biotechnology

Healthcare

Employees121.0

Websiteadverum.com

Country

United States of America

Overview

Overview of institutional ownership in ADVM as of Q3 2025 with a market cap of $95.1M

All Institutions

Institutions: 49
Value Held: $54.3M
Shares Held: 12.0M
Avg Position: $1.1M
Median Position: $79.5K

Hedge Funds

Hedge Funds: 8
Value Held: $5.3M
Shares Held: 1.2M
Avg Position: $663.6K
Median Position: $294.6K

Ownership Breakdown

Institutional (non-HF)

51.58%

$49.0M

Hedge Funds

5.58%

$5.3M

Retail & Other

42.83%

$40.7M

Based on market cap of $95.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ADVM as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BML Capital Management, LLC Institution	-	$13.9M 12.52% of portfolio	14.57% 3.1M shares	Q4 2022 Held for 2y 11m	$110.6M
Frazier Life Sciences Management, L.P. Venture Capital	James Newman Topper Managing Partner	$9.4M 0.28% of portfolio	9.90% 2.1M shares	Q1 2024 Held for 1y 8m	$3.3B
TCG Crossover Management, LLC Venture Capital	Chen Ming Yu Managing Partner	$7.6M 0.38% of portfolio	7.95% 1.7M shares	Q1 2024 Held for 1y 8m	$2.0B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$4.0M 0.00% of portfolio	4.16% 872.0K shares	Q3 2014 Held for 11y 2m	$6.69T
5 5AM Venture Management, LLC Institution	-	$2.5M 0.90% of portfolio	2.58% 541.7K shares	Q1 2024 Held for 1y 8m	$273.0M
V Versant Venture Management, LLC Institution	-	$2.3M 1.08% of portfolio	2.42% 506.8K shares	Q1 2020 Held for 5y 8m	$212.5M
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$1.8M 0.00% of portfolio	1.92% 402.6K shares	Q3 2014 Held for 11y 2m	$691.34B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$1.6M 0.00% of portfolio	1.73% 363.5K shares	Q4 2015 Held for 9y 11m	$75.8B
P Pale Fire Capital SE Institution	-	$1.6M 0.18% of portfolio	1.73% 363.3K shares	Q3 2024 Held for 1y 2m	$912.4M
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$1.5M 0.00% of portfolio	1.55% 324.4K shares	Q4 2019 Held for 5y 11m	$121.98B

Net Capital Flow

Institutional buying and selling activity for ADVM in Q3 2025

Traded: +$864.0K
Buyers: 13
Sellers: 36
Total Bought: +$5.2M
Total Sold: −$4.3M
Avg Position: $849.1K

Biggest Buyers

Institution	Net Bought	Current Position
Frazier Life Sciences Management, L.P. Venture Capital	+$4.6M +1.0M shares	$9.4M 2.1M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$316.7K +69.9K shares	$401.7K 88.7K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$124.1K +27.4K shares	$172.5K 38.1K shares
JustInvest LLC Long Only Manager	+$58.0K +12.8K shares	$58.0K 12.8K shares
R ROYAL BANK OF CANADA Institution	+$48.5K +10.7K shares	$61.0K 13.5K shares
P Pale Fire Capital SE Institution	+$20.6K +4.6K shares	$1.6M 363.3K shares
BANK OF AMERICA CORP /DE/ Institution	+$16.4K +-37.7K shares	$16.4K 3.6K shares
Warren Averett Asset Management, LLC RIA/Wealth	+$1.9K +413.0 shares	$729.3K 161.0K shares
U UMA Financial Services, Inc. RIA/Wealth	+$984.0 +217.0 shares	$984.0 217.0 shares
JPMORGAN CHASE & CO Institution	+$824.0 +182.0 shares	$824.0 182.0 shares

Biggest Sellers

Institution	Net Sold	Current Position
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$938.5K −207.2K shares	$1.6M 363.5K shares
TCG Crossover Management, LLC Venture Capital	−$581.2K −128.3K shares	$7.6M 1.7M shares
B BlackRock, Inc. Institution	−$467.0K −103.1K shares	$1.4M 311.4K shares
GOLDMAN SACHS GROUP INC Institution	−$429.0K −94.7K shares	$1.8M 402.6K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$276.3K −61.0K shares	$78.2K 17.3K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$233.4K −51.5K shares	$1.1M 234.5K shares
MORGAN STANLEY RIA/Wealth	−$160.3K −35.4K shares	$79.5K 17.6K shares
J JANE STREET GROUP, LLC Institution	−$152.5K −70.9K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$149.3K −33.0K shares	$118.9K 26.3K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	−$145.3K −67.6K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 3
New Value: $59.1K
Exited Positions: 14
Exited Value: $543.7K

New Positions

Institution	Position Value
JustInvest LLC Long Only Manager	$58.0K 12.8K shares
U UMA Financial Services, Inc. RIA/Wealth	$984.0 217.0 shares
SRS Capital Advisors, Inc. RIA/Wealth	$86.0 19.0 shares

Exited Positions

Institution	Previous Position
J JANE STREET GROUP, LLC Institution	$152.5K 70.9K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$145.3K 67.6K shares
H HRT FINANCIAL LLC Institution	$65.8K 30.6K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$46.9K 21.8K shares
Y Y-Intercept Ltd Institution	$45.4K 21.1K shares
P Point72 Asia Pte. Ltd. Institution	$31.4K 14.6K shares
A AMERICAN CENTURY COMPANIES INC Institution	$22.9K 10.7K shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	$21.5K 10.0K shares
T Tower Research Capital LLC Institution	$4.6K 2.1K shares
C Cubist Systematic Strategies, LLC Institution	$4.1K 1.9K shares

Options Activity

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

Call Positions: 1
Call Value: $109.2K
Put Positions: 1
Put Value: $141.3K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$109.2K 241.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$141.3K 312.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B BML Capital Management, LLC Institution	-	12.52% $13.9M	14.57% 3.1M shares	Q4 2022 Held for 2y 11m	$110.6M
V Versant Venture Management, LLC Institution	-	1.08% $2.3M	2.42% 506.8K shares	Q1 2020 Held for 5y 8m	$212.5M
5 5AM Venture Management, LLC Institution	-	0.90% $2.5M	2.58% 541.7K shares	Q1 2024 Held for 1y 8m	$273.0M
TCG Crossover Management, LLC Venture Capital	Chen Ming Yu Managing Partner	0.38% $7.6M	7.95% 1.7M shares	Q1 2024 Held for 1y 8m	$2.0B
Frazier Life Sciences Management, L.P. Venture Capital	James Newman Topper Managing Partner	0.28% $9.4M	9.90% 2.1M shares	Q1 2024 Held for 1y 8m	$3.3B
P Pale Fire Capital SE Institution	-	0.18% $1.6M	1.73% 363.3K shares	Q3 2024 Held for 1y 2m	$912.4M
REGENERON PHARMACEUTICALS, INC. Institution	Leonard S. Schleifer, M.D., Ph.D. CEO	0.12% $819.5K	0.86% 180.9K shares	Q4 2024 Held for 11 months	$700.4M
Soleus Capital Management, L.P. Hedge Fund•Long/Short	Guy Bezalel Levy CIO	0.07% $1.3M	1.37% 287.2K shares	Q2 2023 Held for 2y 5m	$1.8B
Quinn Opportunity Partners LLC Hedge Fund•Event Driven	Patrick Farley Quinn CCO	0.01% $187.6K	0.20% 41.4K shares	Q2 2021 Held for 4y 5m	$1.4B
Warren Averett Asset Management, LLC RIA/Wealth	Justin Thomas Russell CEO	0.01% $729.3K	0.77% 161.0K shares	Q1 2025 Held for 8 months	$10.0B

Hedge Fund Spotlight

Discover hedge funds investing in ADVM

TWO SIGMA ADVISERS, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $50.0B
Positions: 2,312
Last Reported: Q3 2025

Sector Allocation

Position in Adverum Biotechnologies, Inc.

Market Value: $172.5K
Shares Held: 38.1K
Portfolio Weight: 0.00%
Owned Since: 2025-Q2

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