FOCL · Edap Tms SA · Holdings

$4.12 -0.11 (-2.60%) At close · Oct 27 Q4 2025 earnings call transcript

Market Cap

$194.53M

47.22M

Volume · Oct 27 10.2K Avg daily vol (3M) 111.59K

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 FOCL: 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: 38

Total Value: $83,176,388

Total Shares: 16,136,029

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 38 13F filers

Top Holder

46.4%

of institutional value

Top 5

84.0%

of institutional value

Top 10

92.5%

of institutional value

HHI

2,729

Highly concentrated

Who Holds FOCL

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: 37 filers, like-for-like change +1.5%; actively managed books +2.0%; index-like books -0.2%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	21.8%	25	+8.0%	4	3
Bank	1.7%	3	-14.8%	0	1
Non-US	0.1%	1	-19.5%	0	0
Holding company	23.0%	3	+0.4%	1	0
Broker-dealer	0.0%	0	—	0	0
Adviser	0.0%	0	—	0	0
Unknown	53.4%	5	+0.1%	1	1

Style	Share	Filers	Change	New	Exited
Index-like	22.8%	3	-0.2%	0	0
Systematic-like	0.4%	1	+374.4%	1	1
Concentrated	5.8%	7	+0.5%	0	0
Diversified active	71.0%	26	+1.6%	5	4
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	40.1%	21	+0.3%	2	3
Medium turnover	4.3%	9	+32.3%	3	1
High turnover	50.4%	4	+0.9%	1	1
Unknown	5.2%	3	-4.1%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	5.2%	3	-5.7%	0	1
Medium horizon	49.7%	3	0.0%	0	0
Long horizon	41.7%	25	+1.1%	4	4
Unknown	3.4%	6	+61.2%	2	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	10.6%	9	+7.8%	1	0
$1B to $10B	62.4%	13	+0.2%	1	2
$10B to $100B	2.0%	5	+10.1%	1	2
$100B or more	25.0%	10	+1.5%	3	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	8.8%	14	-3.7%	1	3
Pooled investment vehicles	11.3%	5	+5.7%	1	0
Registered funds and BDCs	0.2%	1	0.0%	0	0
Governments and sovereign funds	0.4%	2	+1632.4%	1	0
Other investment advisers	0.1%	1	+10.2%	0	0
Diversified	1.0%	2	+29201.0%	1	0
Unknown	78.2%	12	-0.2%	2	2

Private funds	Share	Filers	Change	New	Exited
Hedge funds	12.6%	7	+3.3%	1	1
Private equity funds	0.1%	1	new	1	0
Other private funds	0.0%	1	+45.7%	0	0
No private funds	9.0%	16	+13.5%	2	1
Real estate funds	0.0%	0	-100.0%	0	1
Mixed private funds	0.0%	0	—	0	0
Unknown	78.2%	12	-0.2%	2	2

Location	Share	Filers	Change	New	Exited
United States	98.6%	35	+1.9%	6	4
Outside the US	1.4%	2	-23.4%	0	1

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

37 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

0.000% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.002%

Mar 31, 2026: 0

Crowding

24.5%

of shares outstanding, 70th percentile

Mar 31, 2026: 24.4%

Private-fund advisers

5.02%

of shares outstanding

Institutional ownership

39.4%

53.0% of the estimated free float

Top 10 holders

94.0%

of 13F shares, Herfindahl 0.309

Active holders

+2.0%

like-for-like share change of active filers

5% stakes on record

0 13D, 2 13G (0 institutional, 2 passive, 0 exempt)

How long holders have held it value-weighted 20.8 quarters

Under 1 year 8.53% 1 to 3 years 3.95% 3 years or more 87.5% 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

$6.91

estimated per share

Mar 31, 2026: $6.97

Quarter-end price

$5.18

implied by 13F values

Estimated gain or loss

-25.0%

price against the estimated cost

Estimated at a loss

89.6%

of costed 13F value

Estimated cost covers 66.5% 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 FOCL's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	ORGO Organogenesis Holdings Inc.	3	0.408
2	BBNX Beta Bionics, Inc.	3	0.218
3	RCUS Arcus Biosciences, Inc.	3	0.209
4	GPCR Structure Therapeutics Inc.	4	0.192
5	MBX MBX Biosciences, Inc.	3	0.171
6	PTCT Ptc Therapeutics, Inc.	3	0.158
7	ERAS Erasca, Inc.	3	0.154
8	INDV Indivior Pharmaceuticals, Inc.	3	0.151
9	XENE Xenon Pharmaceuticals Inc.	3	0.134
10	ALNY Alnylam Pharmaceuticals, Inc.	3	0.095

Shareholder Targets

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

Found through its holder-overlap peers: ORGO, BBNX, RCUS, GPCR, MBX, PTCT, ERAS, INDV, XENE, ALNY, RVMD, NEM, UNH, ASML, LLY, XOM, JNJ, GE, INTC, AMAT. 6,532 filers in all.

#	Filer	In peers	Of book	Largest peers
1	BlackRock, Inc. Holding company, Index-like	$386,678,266,142 20 held	5.77%	LLY, INTC, AMAT
2	VANGUARD CAPITAL MANAGEMENT LLC Registered adviser, Index-like	$279,583,189,070 18 held	5.97%	LLY, JNJ, INTC
3	STATE STREET CORP Bank, Index-like	$208,188,147,585 20 held	6.17%	LLY, JNJ, INTC
4	FMR LLC Holding company, Diversified active	$129,730,304,815 20 held	5.64%	LLY, XOM, GE
5	LILLY ENDOWMENT INC Unknown, Unknown	$108,400,867,760 1 held	100.0%	LLY
6	VANGUARD PORTFOLIO MANAGEMENT LLC Registered adviser, Diversified active	$107,760,861,080 18 held	4.86%	LLY, JNJ, XOM
7	JPMORGAN CHASE & CO Bank, Diversified active	$77,553,190,934 20 held	4.50%	LLY, JNJ, AMAT
8	Capital Research Global Investors Adviser, Diversified active	$77,368,988,492 10 held	10.8%	LLY, AMAT, GE
9	Invesco Ltd. Adviser, Diversified active	$68,821,395,950 20 held	5.45%	INTC, AMAT, ASML
10	PRICE T ROWE ASSOCIATES INC /MD/ Registered adviser, Diversified active	$67,120,989,278 20 held	6.74%	LLY, UNH, AMAT

Fund Ownership of FOCL by Fund Type

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

Index funds and index ETFs hold 0.05% of shares outstanding.

Fund type	Of shares outstanding	Shares	Funds
Index funds	0.05%	22,764	1
Index ETFs	0.00%	0	0
Active ETFs	0.00%	0	0
Active funds	0.88%	414,794	1
Unclassified	0.00%	0	0
All registered funds	0.93%	437,558	2

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 25 Bank 3 Non-US 1 Holding company 3 Unknown 6

Showing 43 of 43

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Soleus Capital Management, L.P.

$37,861,935

45.52%

7,309,254

MORGAN STANLEY

$17,284,996

20.78%

3,336,872

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

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	3,336,872	$17,284,996	100.0%	Defined

Rock Springs Capital Management LP

$7,179,480

8.63%

1,386,000

FLAX POND CAPITAL, LLC

$3,813,671

4.59%

736,230

Bruce & Co., Inc.

$2,272,217

2.73%

438,652

ESSEX INVESTMENT MANAGEMENT CO LLC

$2,269,177

2.73%

507,646

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

Manager	Shares	Value (USD)	% of position	Discretion
Manager 283706	507,646	$2,269,177	100.0%	Sole

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$2,031,596

2.44%

392,200

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

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	392,200	$2,031,596	100.0%	Other

JANE STREET GROUP, LLC

$1,406,370

1.69%

271,500

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	271,500	$1,406,370	100.0%	Defined

CITADEL ADVISORS LLC

$876,456

1.05%

169,200

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	169,200	$876,456	100.0%	Defined

Parkman Healthcare Partners LLC

$802,029

0.96%

154,832

CAHILL FINANCIAL ADVISORS INC

$699,092

0.84%

134,960

US BANCORP \DE\

$634,550

0.76%

122,500

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	122,500	$634,550	100.0%	Other

UBS Group AG

$613,286

0.74%

118,395

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

Manager	Shares	Value (USD)	% of position	Discretion
UBS AG	118,395	$613,286	100.0%	Defined

Sage Mountain Advisors LLC

$518,000

0.62%

100,000

Leonteq Securities AG

$492,048

0.59%

94,990

Summit Trail Advisors, LLC

$426,516

0.51%

82,339

Cetera Investment Advisers

$383,382

0.46%

74,012

JANE STREET GROUP, LLC

$371,924

0.45%

71,800

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	71,800	$371,924	100.0%	Defined

COMMONWEALTH EQUITY SERVICES, LLC

$358,248

0.43%

69,160

CITADEL ADVISORS LLC

$342,827

0.41%

66,183

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	66,183	$342,827	100.0%	Defined

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$293,188

0.35%

56,600

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

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	56,600	$293,188	100.0%	Other

Legato Capital Management LLC

$250,033

0.30%

48,269

OSAIC HOLDINGS, INC.

$221,186

0.27%

42,700

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

Manager	Shares	Value (USD)	% of position	Discretion
CW Advisors, LLC	42,500	$220,150	99.5%	Sole
Osaic Advisory Services, LLC	200	$1,036	0.5%	Defined

Schonfeld Strategic Advisors LLC

$216,161

0.26%

41,730

SmartHarvest Portfolios, LLC

$176,216

0.21%

39,422

Manatuck Hill Partners, LLC

$142,952

0.17%

27,597

INTREPID FAMILY OFFICE LLC

$129,500

0.16%

25,000

SEI INVESTMENTS CO

$121,652

0.15%

23,485

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

Manager	Shares	Value (USD)	% of position	Discretion
SEI TRUST CO	23,485	$121,652	100.0%	Sole

GEODE CAPITAL MANAGEMENT, LLC

$117,917

0.14%

22,764

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$114,964

0.14%

22,194

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

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	11,005	$57,005	49.6%	Other
G1 EXECUTION SERVICES, LLC	11,189	$57,959	50.4%	Other

Accredited Investors Inc.

$111,012

0.13%

21,431

CITADEL ADVISORS LLC

$107,226

0.13%

20,700

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	20,700	$107,226	100.0%	Defined

Mariner, LLC

$103,600

0.12%

20,000

BNP PARIBAS ARBITRAGE, SA

$96,373

0.12%

18,605

Composition Wealth, LLC

$69,930

0.08%

13,500

Kovack Advisors, Inc.

$69,930

0.08%

13,500

Simplicity Wealth,LLC

$55,937

0.07%

12,514

Financial Planning Navigators CORP

$49,558

0.06%

11,087

WELLS FARGO & COMPANY/MN

$48,816

0.06%

9,424

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	9,424	$48,816	100.0%	Defined

RHUMBLINE ADVISERS

$22,957

0.03%

4,432

VALLEY NATIONAL ADVISERS INC

$16,986

0.02%

3,800

HARBOR INVESTMENT ADVISORY, LLC

$2,235

0.00%

500

HARBOUR INVESTMENTS, INC.

$259

0.00%

Key facts CIK 1041934 CUSIP 268311107 13F (30d) 6 filings 6 filers Visit website Investor relations