Evolus

EOLS • NASDAQ

Evolus is a drug manufacturers - specialty & generic company in the healthcare sector on NASDAQ, led by David Moatazedi, with a market cap of $324.1M. As of Q3 2025, 84% of shares are held by 158 institutional investors, with Nantahala Capital Management, LLC as the largest holder at 8.85%.

CEODavid Moatazedi

Market Cap$324.1M

Drug Manufacturers - Specialty & Generic

Healthcare

Employees279.0

Websiteevolus.com

Country

United States of America

Overview

Overview of institutional ownership in EOLS as of Q3 2025 with a market cap of $397.2M

All Institutions

Institutions: 158
Value Held: $334.0M
Shares Held: 54.3M
Avg Position: $2.1M
Median Position: $167.1K

Hedge Funds

Hedge Funds: 28
Value Held: $115.6M
Shares Held: 18.8M
Avg Position: $4.1M
Median Position: $945.9K

Ownership Breakdown

Institutional (non-HF)

55.01%

$218.5M

Hedge Funds

29.1%

$115.6M

Retail & Other

15.9%

$63.1M

Based on market cap of $397.2M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in EOLS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Wilmot B. Harkey Managing Partner	$35.2M 2.18% of portfolio	8.85% 5.7M shares	Q3 2023 Held for 2y 3m	$1.6B
T TANG CAPITAL MANAGEMENT LLC Institution	-	$33.7M 1.33% of portfolio	8.48% 5.5M shares	Q3 2022 Held for 3y 3m	$2.5B
BlackRock, Inc. Institution	Laurence D. Fink CEO	$27.5M 0.00% of portfolio	6.92% 4.5M shares	Q1 2018 Held for 7y 9m	$5.67T
C Caligan Partners LP Hedge Fund•Activist	Tiffany Crowley CFO	$25.4M 3.53% of portfolio	6.40% 4.1M shares	Q4 2022 Held for 3 years	$720.7M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$21.1M 0.00% of portfolio	5.30% 3.4M shares	Q1 2018 Held for 7y 9m	$6.69T
Frazier Life Sciences Management, L.P. Venture Capital	Daniel Estes Managing Partner	$16.2M 0.48% of portfolio	4.07% 2.6M shares	Q2 2025 Held for 6 months	$3.3B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Israel Alexander Englander CEO	$11.4M 0.01% of portfolio	2.87% 1.9M shares	Q4 2020 Held for 5 years	$121.99B
S Stonepine Capital Management, LLC Institution	-	$9.4M 7.67% of portfolio	2.38% 1.5M shares	Q3 2021 Held for 4y 3m	$123.0M
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$9.3M 0.00% of portfolio	2.34% 1.5M shares	Q1 2018 Held for 7y 9m	$2.88T
Eversept Partners, LLC Hedge Fund•Long/Short	Rishi Rasesh Shah President	$9.1M 0.69% of portfolio	2.28% 1.5M shares	Q2 2024 Held for 1y 6m	$1.3B

Net Capital Flow

Institutional buying and selling activity for EOLS in Q3 2025

Traded: −$47.6M
Buyers: 78
Sellers: 87
Total Bought: +$56.8M
Total Sold: −$104.4M
Avg Position: $1.7M

Biggest Buyers

Institution	Net Bought	Current Position
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	+$9.4M +1.5M shares	$35.2M 5.7M shares
C Caligan Partners LP Hedge Fund•Activist	+$4.9M +797.0K shares	$25.4M 4.1M shares
S Stonepine Capital Management, LLC Institution	+$3.8M +619.9K shares	$9.4M 1.5M shares
T TANG CAPITAL MANAGEMENT LLC Institution	+$3.0M +490.9K shares	$33.7M 5.5M shares
D D. E. Shaw & Co., Inc. Institution	+$2.4M +396.7K shares	$8.3M 1.4M shares
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	+$2.4M +388.2K shares	$2.4M 388.2K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$2.3M +375.6K shares	$11.4M 1.9M shares
S Soviero Asset Management, LP Hedge Fund•Long/Short	+$2.0M +330.0K shares	$2.0M 330.0K shares
Eversept Partners, LLC Hedge Fund•Long/Short	+$1.9M +304.8K shares	$9.1M 1.5M shares
BlackRock, Inc. Institution	+$1.8M +292.6K shares	$27.5M 4.5M shares

Biggest Sellers

Institution	Net Sold	Current Position
PERCEPTIVE ADVISORS LLC Hedge Fund•Long/Short	−$22.8M −2.5M shares	Sold Off 0 shares
T Tri Locum Partners LP Hedge Fund•Long/Short	−$11.4M −1.2M shares	Sold Off 0 shares
FRONTIER CAPITAL MANAGEMENT CO LLC Long Only Manager	−$8.6M −1.4M shares	$1.7M 270.5K shares
G GREAT POINT PARTNERS LLC Private Equity	−$6.6M −720.1K shares	Sold Off 0 shares
OBERWEIS ASSET MANAGEMENT INC/ Long Only Manager	−$6.2M −677.6K shares	Sold Off 0 shares
First Light Asset Management, LLC Hedge Fund•Sector	−$4.8M −520.6K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$4.3M −695.4K shares	$1.6M 265.7K shares
Soleus Capital Management, L.P. Hedge Fund•Long/Short	−$4.1M −669.0K shares	$8.9M 1.5M shares
Q Qube Research & Technologies Ltd Institution	−$3.4M −548.5K shares	$1.1M 177.7K shares
J Jump Financial, LLC Institution	−$3.3M −355.6K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 11
New Value: $3.3M
Exited Positions: 34
Exited Value: $70.8M

New Positions

Institution	Position Value
P Prospect Capital Advisors, LLC Hedge Fund•Long/Short	$1.3M 208.1K shares
A AMERICAN ASSETS INC Institution	$767.5K 125.0K shares
K Krensavage Asset Management, LLC Hedge Fund•Long/Short	$614.0K 100.0K shares
B Brevan Howard Capital Management LP Institution	$244.3K 39.8K shares
Pure Financial Advisors, Inc. RIA/Wealth	$109.5K 17.8K shares
Q Quadrature Capital Ltd Institution	$85.7K 13.9K shares
W Winton Capital Group Ltd Institution	$79.8K 13.0K shares
E EHP Funds Inc. Institution	$74.3K 12.1K shares
S State of Alaska, Department of Revenue Institution	$26.6K 4.3K shares
O Optiver Holding B.V. Institution	$3.3K 536.0 shares

Exited Positions

Institution	Previous Position
PERCEPTIVE ADVISORS LLC Hedge Fund•Long/Short	$22.8M 2.5M shares
T Tri Locum Partners LP Hedge Fund•Long/Short	$11.4M 1.2M shares
G GREAT POINT PARTNERS LLC Private Equity	$6.6M 720.1K shares
OBERWEIS ASSET MANAGEMENT INC/ Long Only Manager	$6.2M 677.6K shares
First Light Asset Management, LLC Hedge Fund•Sector	$4.8M 520.6K shares
J Jump Financial, LLC Institution	$3.3M 355.6K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$3.0M 325.0K shares
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	$2.2M 240.7K shares
FIRST MANHATTAN CO Institution	$1.4M 150.0K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$1.4M 148.5K shares

Options Activity

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

Call Positions: 9
Call Value: $1.1M
Put Positions: 3
Put Value: $3.3M

Call Positions

Institution	Position Value
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$414.5K 675.0 contracts
V Voss Capital LLC Institution	$307.0K 500.0 contracts
Walleye Trading LLC RIA/Wealth	$198.3K 323.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$153.5K 250.0 contracts
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	- - contracts
J JANE STREET GROUP, LLC Institution	- - contracts
Caption Management, LLC Hedge Fund•Long/Short	- - contracts
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
Caption Management, LLC Hedge Fund•Long/Short	$3.1M 5.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$203.2K 331.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$24.6K 40.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Stonepine Capital Management, LLC Institution	-	7.67% $9.4M	2.38% 1.5M shares	Q3 2021 Held for 4y 3m	$123.0M
A AWH Capital, L.P. Hedge Fund•Long/Short	Kathleen Moran Schutz COO	4.00% $3.8M	0.97% 625.0K shares	Q4 2020 Held for 5 years	$95.8M
C Caligan Partners LP Hedge Fund•Activist	Tiffany Crowley CFO	3.53% $25.4M	6.40% 4.1M shares	Q4 2022 Held for 3 years	$720.7M
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Wilmot B. Harkey Managing Partner	2.18% $35.2M	8.85% 5.7M shares	Q3 2023 Held for 2y 3m	$1.6B
T TANG CAPITAL MANAGEMENT LLC Institution	-	1.33% $33.7M	8.48% 5.5M shares	Q3 2022 Held for 3y 3m	$2.5B
C CM Management, LLC Institution	-	1.28% $1.5M	0.39% 250.0K shares	Q2 2023 Held for 2y 6m	$119.9M
S Soviero Asset Management, LP Hedge Fund•Long/Short	Thomas E King CFO	1.25% $2.0M	0.51% 330.0K shares	Q3 2025 Held for 3 months	$161.8M
Eversept Partners, LLC Hedge Fund•Long/Short	Rishi Rasesh Shah President	0.69% $9.1M	2.28% 1.5M shares	Q2 2024 Held for 1y 6m	$1.3B
P Prospect Capital Advisors, LLC Hedge Fund•Long/Short	Daniel William Mendoza Managing Partner	0.66% $1.3M	0.32% 208.1K shares	Q3 2025 Held for 3 months	$193.0M
Soleus Capital Management, L.P. Hedge Fund•Long/Short	Guy Bezalel Levy CIO	0.49% $8.9M	2.24% 1.5M shares	Q2 2023 Held for 2y 6m	$1.8B

Hedge Fund Spotlight

Discover hedge funds investing in EOLS

Caption Management, LLC

Hedge Fund • Long/Short

Portfolio ManagerWilliam Lamblè Cooper

Portfolio Value: $1.7B
Positions: 577
Last Reported: Q3 2025

Sector Allocation

Position in Evolus

Market Value: $1.5M
Shares Held: 247.6K
Portfolio Weight: 0.09%
Owned Since: 2025-Q2

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