ALVO · Alvotech · Holdings

$4.70 -0.05 (-1.05%) Q2 2026 earnings call transcript

Market Cap

$1.69B

356.82M

Volume · Oct 27 733.47K Avg daily vol (3M) 1.1M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of ALVO: 13F, 13D and 13G, insiders and funds →

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 77

Total Value: $158,637,513

Total Shares: 47,775,654

Institutional Ownership Trend

18 quarters

Superinvestors Holding ALVO

All superinvestors →

Howard Marks $1,434,886

Holder Concentration

Across 76 13F filers

Top Holder

36.6%

of institutional value

Top 5

71.3%

of institutional value

Top 10

87.1%

of institutional value

HHI

1,710

Moderately concentrated

Who Holds ALVO

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 75 filers, like-for-like change +116.1%; actively managed books +164.1%; index-like books +13.1%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	78.3%	35	+203.9%	14	5
Exempt adviser	0.2%	1	new	1	0
Adviser	10.2%	3	-2.6%	0	0
Bank	1.8%	9	+1.5%	2	0
Non-US	0.0%	3	+2.7%	0	0
Holding company	4.4%	4	+26.6%	0	0
Broker-dealer	0.0%	0	—	0	0
Unknown	5.1%	20	+7.1%	4	1

Style	Share	Filers	Change	New	Exited
Index-like	16.6%	9	+13.1%	1	0
Systematic-like	13.2%	8	+176.2%	5	1
Concentrated	22.0%	12	+11.4%	2	1
Diversified active	48.2%	46	+581.6%	13	4
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	11.8%	34	+14.3%	6	2
Medium turnover	54.4%	17	+249.4%	3	1
High turnover	23.6%	19	+118.7%	11	3
Unknown	10.2%	5	+6.7%	1	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	12.0%	12	+15.1%	5	2
Medium horizon	5.9%	10	-2.9%	2	2
Long horizon	39.6%	43	+65.7%	8	2
Unknown	42.5%	10	+624.2%	6	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	11.9%	12	+25.7%	3	2
$1B to $10B	12.1%	21	+6.3%	7	1
$10B to $100B	41.3%	16	+3484.4%	7	3
$100B or more	34.8%	26	+43.0%	4	0
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.5%	10	-12.2%	3	2
Pooled investment vehicles	65.3%	17	+351.9%	8	3
Registered funds and BDCs	12.6%	6	+16.3%	2	0
Other investment advisers	0.0%	2	+9294.3%	1	0
Diversified	0.0%	0	—	0	0
Unknown	21.7%	40	+5.7%	7	1

Private funds	Share	Filers	Change	New	Exited
Hedge funds	64.6%	16	+348.9%	8	3
Private equity funds	0.0%	0	—	0	0
Real estate funds	0.0%	1	-14.2%	0	0
Other private funds	4.9%	3	+67.2%	2	0
Private funds, type not stated	0.1%	1	-0.5%	0	0
No private funds	8.9%	15	+6.1%	5	2
Unknown	21.5%	39	+4.9%	6	1

Location	Share	Filers	Change	New	Exited
United States	97.2%	60	+121.0%	18	6
Outside the US	2.8%	15	+22.3%	3	0

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Conviction and Crowding

72 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

2.78% of filers hold it in their top 10

Mar 31, 2026: 2

Holders above 5%

median weight 0.000%

Mar 31, 2026: 0

Crowding

—

a foreign private issuer reports ordinary shares, a different unit from the listed shares

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

a foreign private issuer reports ordinary shares, a different unit from the listed shares

Top 10 holders

87.7%

of 13F shares, Herfindahl 0.173

Active holders

+246.4%

like-for-like share change of active filers

5% stakes on record

2 13D, 0 13G

How long holders have held it value-weighted 5.4 quarters

Under 1 year 56.8% 1 to 3 years 27.9% 3 years or more 15.3% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$5.00

estimated per share

Mar 31, 2026: $8.88

Quarter-end price

$3.69

implied by 13F values

Estimated gain or loss

-26.2%

price against the estimated cost

Estimated at a loss

43.1%

of costed 13F value

Estimated cost covers 78.5% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies ALVO's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	SVC Service Properties Trust	3	0.186
2	UNH Unitedhealth Group Inc	4	0.026
3	WFC Wells Fargo & Company	3	0.023
4	AMZN Amazon Com Inc	4	0.017
5	CSCO Cisco Systems, Inc.	3	0.016
6	JNJ Johnson & Johnson	3	0.015
7	AVGO Broadcom Inc.	3	0.015
8	JPM Jpmorgan Chase & Co	3	0.014
9	AAPL Apple Inc.	3	0.013
10	MSFT Microsoft Corp	3	0.013

Shareholder Targets

13F filers that own its peers but not ALVO, quarter ended Jun 30, 2026

Found through its holder-overlap peers: SVC, UNH, WFC, AMZN, CSCO, JNJ, AVGO, JPM, AAPL, MSFT, GOOGL. 7,114 filers in all.

#	Filer	In peers	Of book	Largest peers
1	STATE STREET CORP Bank, Index-like	$746,293,650,880 11 held	22.1%	AAPL, GOOGL, MSFT
2	FMR LLC Holding company, Diversified active	$485,885,943,666 11 held	21.1%	GOOGL, AAPL, AMZN
3	VANGUARD PORTFOLIO MANAGEMENT LLC Registered adviser, Diversified active	$366,865,941,456 11 held	16.5%	AAPL, GOOGL, MSFT
4	NORGES BANK Non-US, Index-like	$243,508,935,865 11 held	24.3%	GOOGL, AAPL, MSFT
5	Capital Research Global Investors Adviser, Diversified active	$193,100,930,109 10 held	27.0%	AVGO, GOOGL, MSFT
6	NORTHERN TRUST CORP Bank, Index-like	$186,569,184,652 11 held	21.7%	AAPL, GOOGL, MSFT
7	Capital World Investors Adviser, Diversified active	$158,662,205,069 10 held	18.8%	AVGO, GOOGL, MSFT
8	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Registered adviser, Index-like	$132,611,016,522 11 held	24.2%	AAPL, GOOGL, MSFT
9	Bank of New York Mellon Corp Bank, Index-like	$119,356,828,898 11 held	19.6%	AAPL, GOOGL, MSFT
10	Capital International Investors Adviser, Diversified active	$108,238,012,651 11 held	22.4%	AVGO, GOOGL, MSFT

Fund Ownership of ALVO by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 1.03% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	0.00%	0.00 pp	5,682	2
Index ETFs	1.03%	+0.01 pp	3,682,402	8
Active ETFs	0.00%	0.00 pp	0	0
Active funds	0.00%	0.00 pp	0	0
Unclassified	0.00%	0.00 pp	3,275	1
All registered funds	1.03%	+0.01 pp	3,691,359	11

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 35 Exempt adviser 1 Adviser 3 Bank 9 Non-US 4 Holding company 4 Unknown 21

Showing 82 of 82

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Rubric Capital Management LP

$57,848,473

36.47%

15,677,093

MILLENNIUM MANAGEMENT LLC

$15,732,846

9.92%

4,263,644

Bracebridge Capital, LLC

$14,902,570

9.39%

4,038,637

VANGUARD CAPITAL MANAGEMENT LLC

$13,614,668

8.58%

3,689,612

FARALLON CAPITAL MANAGEMENT LLC

$10,552,200

6.65%

2,859,675

CITADEL ADVISORS LLC

$6,376,326

4.02%

1,728,002

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	107,798	$397,774	6.2%	Defined
Held directly	1,620,204	$5,978,552	93.8%	Defined

PRICE T ROWE ASSOCIATES INC /MD/

$5,233,866

3.30%

1,418,392

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
T. Rowe Price International Ltd	1,418,392	$5,233,866	100.0%	Defined

BlackRock, Inc.

$4,897,669

3.09%

1,327,282

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BlackRock Asset Management Canada Ltd	7,514	$27,726	0.6%	Sole
BlackRock Fund Advisors	1,088,510	$4,016,601	82.0%	Sole
BlackRock Asset Management Ireland Ltd	231,258	$853,342	17.4%	Sole

LITTLEJOHN & CO LLC

$4,865,390

3.07%

1,318,534

VANGUARD FIDUCIARY TRUST CO

$3,684,822

2.32%

998,597

Legal & General Group Plc

$2,568,416

1.62%

696,048

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Legal & General Investment Management Ltd joint	696,048	$2,568,416	100.0%	Defined

MORGAN STANLEY

$2,472,450

1.56%

670,041

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO. LLC	57	$210	0.0%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	262,098	$967,141	39.1%	Defined
MORGAN STANLEY SMITH BARNEY LLC	203,000	$749,070	30.3%	Defined
Morgan Stanley Bank, N.A.	21,451	$79,154	3.2%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	146,200	$539,478	21.8%	Defined
EATON VANCE MANAGEMENT	37,235	$137,397	5.6%	Defined

ROYCE & ASSOCIATES LP

$2,059,551

1.30%

558,144

JPMORGAN CHASE & CO

$1,954,551

1.23%

529,689

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	173,505	$640,233	32.8%	Defined
J.P. Morgan Securities plc	356,184	$1,314,318	67.2%	Defined

SONA ASSET MANAGEMENT (US) LLC

$1,328,400

0.84%

360,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SONA ASSET MANAGEMENT (UK) LLP	360,000	$1,328,400	100.0%	Other

GEODE CAPITAL MANAGEMENT, LLC

$1,096,893

0.69%

297,261

OAKTREE CAPITAL MANAGEMENT LP ALVOW

$1,073,333

0.68%

4,666,667

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BROOKFIELD Corp /ON/ joint	4,666,667	$1,073,333	100.0%	Defined

UBS Group AG

$935,348

0.59%

253,482

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS AG	253,482	$935,348	100.0%	Defined

Hudson Bay Capital Management LP

$878,614

0.55%

238,107

Ulland Investment Advisors, LLC

$667,000

0.42%

115,000

VANGUARD ASSET MANAGEMENT, Ltd

$560,640

0.35%

151,935

Lighthouse Investment Partners, LLC

$461,250

0.29%

125,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
North Rock Capital Management, LLC	125,000	$461,250	100.0%	Defined

OAKTREE CAPITAL MANAGEMENT LP

$361,553

0.23%

97,982

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BROOKFIELD Corp /ON/ joint	97,982	$361,553	100.0%	Defined

Invesco Ltd.

$333,860

0.21%

90,477

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Capital Management LLC	90,477	$333,860	100.0%	Defined

Savant Capital, LLC

$308,971

0.19%

83,732

STIFEL FINANCIAL CORP

$291,329

0.18%

78,951

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STIFEL NICOLAUS & CO INC \MO\	78,951	$291,329	100.0%	Defined

GOLDMAN SACHS GROUP INC

$284,764

0.18%

77,172

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	77,172	$284,764	100.0%	Defined

Oaktree Fund Advisors, LLC

$280,524

0.18%

76,023

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BROOKFIELD Corp /ON/ joint	76,023	$280,524	100.0%	Defined

MARSHALL WACE, LLP

$264,896

0.17%

71,788

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	71,788	$264,896	100.0%	Other

BOURGEON CAPITAL MANAGEMENT LLC

$246,500

0.16%

42,500

Quadrature Capital Ltd

$245,750

0.15%

66,599

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Quadrature US Inc.	66,599	$245,750	100.0%	Other

BANK OF AMERICA CORP /DE/

$183,392

0.12%

49,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	16,257	$59,988	32.7%	Defined
BOFA SECURITIES, INC.	33,443	$123,404	67.3%	Defined

China Universal Asset Management Co., Ltd.

$183,256

0.12%

49,663

Richmond Brothers, Inc.

$165,422

0.10%

44,830

TUDOR INVESTMENT CORP ET AL

$164,075

0.10%

44,465

HRT FINANCIAL LP

$143,389

0.09%

38,859

JANE STREET GROUP, LLC

$140,045

0.09%

37,953

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	26,936	$99,393	71.0%	Defined
Jane Street Global Trading, LLC	11,017	$40,652	29.0%	Defined

Steadtrust LLC

$130,607

0.08%

35,395

AXQ CAPITAL, LP

$91,534

0.06%

24,806

BARCLAYS PLC

$89,877

0.06%

24,357

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	24,357	$89,877	100.0%	Defined

Centiva Capital, LP

$80,161

0.05%

21,724

Orion Porfolio Solutions, LLC

$79,216

0.05%

21,468

Teucrium Investment Advisors, LLC

$63,729

0.04%

17,271

COMMONWEALTH EQUITY SERVICES, LLC

$56,457

0.04%

15,300

PRELUDE CAPITAL MANAGEMENT, LLC

$52,128

0.03%

14,127

Linden Advisors LP ALVOW

$51,867

0.03%

252,884

Mirae Asset Global Investments Co., Ltd.

$51,497

0.03%

13,956

Vanguard Personalized Indexing Management, LLC

$48,014

0.03%

13,012

GF FUND MANAGEMENT CO. LTD.

$44,143

0.03%

7,611

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$43,117

0.03%

11,685

XTX Topco Ltd

$41,936

0.03%

11,365

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	11,365	$41,936	100.0%	Defined

Parkside Financial Bank & Trust

$41,075

0.03%

7,082

Ascent Group, LLC

$38,540

0.02%

10,445

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Orion	10,404	$38,390	99.6%	Other
Held directly	41	$150	0.4%	Sole

ProShare Advisors LLC

$37,759

0.02%

10,233

CITIGROUP INC

$27,080

0.02%

7,339

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	7,339	$27,080	100.0%	Defined

US BANCORP \DE\

$26,866

0.02%

7,281

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
US BANK NATIONAL ASSOCIATION	7,281	$26,866	100.0%	Defined

BNP PARIBAS ARBITRAGE, SA

$26,446

0.02%

7,167

Larson Financial Group LLC

$19,140

0.01%

5,187

WELLS FARGO & COMPANY/MN

$18,450

0.01%

5,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO CLEARING SERVICES, LLC	5,000	$18,450	100.0%	Defined

JONES FINANCIAL COMPANIES LLLP

$16,712

0.01%

4,529

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Edward D. Jones & Co., L.P.	4,529	$16,712	100.0%	Sole

MILLENNIUM MANAGEMENT LLC ALVOW

$16,034

0.01%

69,711

Tower Research Capital LLC (TRC)

$13,328

0.01%

3,612

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Latour Trading LLC (Latour)	3,612	$13,328	100.0%	Defined

JANE STREET GROUP, LLC ALVOW

$12,938

0.01%

56,252

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	56,252	$12,938	100.0%	Defined

MOORE CAPITAL MANAGEMENT, LP ALVOW

$11,500

0.01%

50,000

DEUTSCHE BANK AG\ ALVOW

$10,757

0.01%

46,769

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Deutsche Bank Securities Inc\	46,769	$10,757	100.0%	Defined

SBI Securities Co., Ltd.

$8,236

0.01%

1,420

WOLVERINE ASSET MANAGEMENT LLC ALVOW

$5,558

0.00%

24,165

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	24,165	$5,558	100.0%	Defined

Sculptor Capital LP

$5,242

0.00%

33,821

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Sculptor Capital II LP joint	33,821	$5,242	100.0%	Defined

OSAIC HOLDINGS, INC.

$5,239

0.00%

1,420

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	1,420	$5,239	100.0%	Defined

North Star Investment Management Corp.

$2,952

0.00%

509

Bare Financial Services, Inc

$1,033

0.00%

280

Silver Grove Financial Group, Inc.

$940

0.00%

255

Sculptor Capital LP ALVOW

$851

0.00%

3,702

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Sculptor Capital II LP joint	3,702	$851	100.0%	Sole

EverSource Wealth Advisors, LLC

$759

0.00%

206

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BMSS Wesson Wealth Solutions, LLC	206	$759	100.0%	Sole

Ameritas Advisory Services, LLC

$704

0.00%

191

ROYAL BANK OF CANADA

$638

0.00%

173

NATIONAL BANK OF CANADA /FI/

$575

0.00%

156

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
National Bank Financial Inc.	156	$575	100.0%	Defined

Smartleaf Asset Management LLC

$516

0.00%

140

UBS Group AG ALVOW

$266

0.00%

1,155

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Securities LLC	1,155	$266	100.0%	Defined

Caitong International Asset Management Co., Ltd

$51

0.00%

Zurcher Kantonalbank (Zurich Cantonalbank)

$40

0.00%

Capital Analysts, LLC

0.00%

932

Key facts CIK 1898416 CUSIP L01800108 13F (30d) 6 filings 6 filers Visit website Investor relations