The strong accumulation by multiple large active managers (Dimensional, Macquarie, Ameriprise) signals conviction in ADMA's fundamentals, but the simultaneous large trims by Voloridge and Balyasny suggest event-driven uncertainty. Given the 45-day 13F reporting lag, these positions may already be stale. Monitor for any Q4 2024 catalyst (earnings, FDA news) that could explain the divergence. The historical model underperformance on ADMA warrants caution — do not overweight this cluster signal.
Executive Summary
A mixed institutional cluster in ADMA BIOLOGICS for Q3 2024 shows 21 buyers accumulating $86.6M in net new positions (total holdings $129.4M) while 13 sellers reduced holdings by $12.8M. The buying is dominated by large active asset managers (Dimensional Fund Advisors, Macquarie, Ameriprise) making multi-million-dollar additions, but notable sellers include Voloridge (near-exit of $15.9M position) and Balyasny (trimming $7.8M). The cluster suggests institutional conviction is split — strong accumulation by quant/active managers offset by significant trimming from event-driven funds.
Key Financial Metrics
Institutional Positions
Net institutional flow: $73.8M
▲ Buyers (21)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Dimensional Fund Advisors | ADD | +27.4% | $80.4M | $45.1M |
| Macquarie Group | DOUBLED | +524.3% | $22.8M | $20.7M |
| Ameriprise Financial | DOUBLED | +410.8% | $12.5M | $11.2M |
| Rafferty Asset Management | ADD | +39.7% | $7.8M | $4.7M |
| Verition Fund Management | DOUBLED | +1198.1% | $2.9M | $2.8M |
▼ Sellers (13)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Voloridge Investment Management | NEAR_EXIT | -88% | $20.3M | -$15.9M |
| Balyasny Asset Management | TRIM | -70.1% | $16.7M | -$7.8M |
| Alberta Investment Management | TRIM | -50.3% | $5.6M | -$625.9K |
| Driehaus Capital Management | TRIM | -32.1% | $33.9M | $7.2M |
Key Facts
- 21 institutional buyers added $86.6M in net new positions during Q3 2024
- 13 institutional sellers reduced holdings by $12.8M
- Top buyers: Dimensional Fund Advisors (+$45.1M), Macquarie Group (+$20.7M), Ameriprise Financial (+$11.2M)
- Top sellers: Voloridge Investment Management (-$15.9M near-exit), Balyasny Asset Management (-$7.8M trim)
- Net directional imbalance is heavily skewed toward accumulation ($86.6M bought vs $12.8M sold)
Financial Impact
21 institutions accumulated $86.6M in new positions while 13 reduced holdings by $12.8M, for a net institutional inflow of approximately $73.8M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- Large sellers (Voloridge, Balyasny) are sophisticated event-driven funds — their trims may reflect non-public concerns
- Cluster is dominated by asset managers rather than activist or event-driven funds
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-ADMA-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $10.73 | awaiting T+60 | — | — |
Aug 8, 2026 11w ago | Institutional Cluster | $9.75 | awaiting T+60 | — | — |
Jun 11, 2026 19w ago | Institutional Cluster | $8.21 $9.54 | ▲ +16.20% | ▲ +12.94% | — |
May 4, 2026 25w ago | 8-K | $10.31 $8.71 | ▼ −15.52% | ▼ −17.38% | — |
Apr 15, 2026 27w ago | DEFA14A | $10.74 $8.97 | ▼ −16.48% | ▼ −23.53% | — |
Mar 27, 2026 30w ago | Press Release | $9.25 $8.72 | ▼ −5.78% | ▼ −21.85% | — |
Feb 25, 2026 34w ago | 8-K | $15.18 $8.46 | ▼ −44.27% | ▼ −52.02% | — |
US Market Status
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