% of shares outstanding not shown: this line files 20-F annual reports only — a foreign private issuer whose US listing trades as ADSs (depositary receipts), while its cover-page share count is in ORDINARY shares. The depositary ratio is not in our data. The count we hold for this line is 59,231,993 shares (as of 2025-12-31, source dei). Dividing one by the other is wrong by the whole ratio (a 5:1 ADR reads one fifth of the true percentage), so the percentage is withheld rather than served wrong. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for ADAG in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | Exome Asset Management LLC | 736,845736,845 | $3M | — | TRIM -31% |
| 2 | AMERIPRISE FINANCIAL INC | 607,903607,903 | $2M | — | NEW |
| 3 | HSG Holding Ltd | 1,343,3641.3M | $2M | — | — |
| 4 | Mill Creek Capital Advisors, LLC | 199,610199,610 | $782,471 | — | — |
| 5 | MORGAN STANLEY | 66,14866,148 | $259,300 | — | TRIM -13% |
| 6 | Invesco Ltd. | 47,12447,124 | $184,726 | — | NEW |
| 7 | SmartHarvest Portfolios, LLC | 40,31240,312 | $158,023 | — | ADD 4% |
| 8 | Kamunting Street Capital Management, L.P. | 38,07038,070 | $149,000 | — | TRIM -70% |
| 9 | Persistent Asset Partners Ltd | 35,12635,126 | $137,694 | — | NEW |
| 10 | Dauntless Investment Group, LLC | 34,77534,775 | $136,318 | — | NEW |
| 11 | RENAISSANCE TECHNOLOGIES LLC | 34,53334,533 | $135,369 | — | NEW |
| 12 | JANE STREET GROUP, LLC | 30,42530,425 | $119,266 | — | NEW |
| 13 | Alyeska Investment Group, L.P. | 20,71020,710 | $81,183 | — | NEW |
| 14 | ROYAL BANK OF CANADA | 16,85016,850 | $66,000 | — | — |
| 15 | NOMURA HOLDINGS INC | 14,71014,710 | $57,663 | — | TRIM -18% |
| 16 | Quadrature Capital Ltd | 11,61711,617 | $45,539 | — | NEW |
| 17 | GEODE CAPITAL MANAGEMENT, LLC | 10,30910,309 | $40,411 | — | — |
| 18 | UBS Group AG | 4,0024,002 | $15,688 | — | ADD 57% |
| 19 | BNP PARIBAS FINANCIAL MARKETS | 3,7003,700 | $14,504 | — | ADD 118% |
| 20 | EverSource Wealth Advisors, LLC | 2,4732,473 | $9,694 | — | — |
| 21 | JPMORGAN CHASE & CO | 712712 | $2,698 | — | NEW |
| 22 | BlackRock, Inc. | 635635 | $2,489 | — | — |
| 23 | BARCLAYS PLC | 400400 | $1,568 | — | NEW |
| 24 | SBI Securities Co., Ltd. | 6969 | $270 | — | TRIM -32% |
| 25 | Caitong International Asset Management Co., Ltd | 2828 | $110 | — | NEW |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| Exome Asset Management LLC | — | — | — | — | 1.1M | 737K | $3M |
| AMERIPRISE FINANCIAL INC | — | — | — | — | — | 608K | $2M |
| HSG Holding Ltd | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | $2M |
| Mill Creek Capital Advisors, LLC | 200K | 200K | 200K | 200K | 200K | 200K | $782,471 |
| MORGAN STANLEY | 101K | 99K | 77K | 83K | 76K | 66K | $259,300 |
| Invesco Ltd. | — | — | — | — | — | 47K | $184,726 |
| SmartHarvest Portfolios, LLC | — | — | — | — | 39K | 40K | $158,023 |
| Kamunting Street Capital Management, L.P. | 126K | — | 126K | 126K | 126K | 38K | $149,000 |
| Persistent Asset Partners Ltd | — | — | — | — | — | 35K | $137,694 |
| Dauntless Investment Group, LLC | — | — | — | — | — | 35K | $136,318 |
| RENAISSANCE TECHNOLOGIES LLC | — | — | — | — | — | 35K | $135,369 |
| JANE STREET GROUP, LLC | — | — | — | — | — | 30K | $119,266 |
| Alyeska Investment Group, L.P. | — | — | — | — | — | 21K | $81,183 |
| ROYAL BANK OF CANADA | 13K | 17K | 34K | 17K | 17K | 17K | $66,000 |
| NOMURA HOLDINGS INC | — | — | — | — | 18K | 15K | $57,663 |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| AMERIPRISE FINANCIAL INC | +607,903 | $2M | OPEN |
| Invesco Ltd. | +47,124 | $184,726 | OPEN |
| Persistent Asset Partners Ltd | +35,126 | $137,694 | OPEN |
| Dauntless Investment Group, LLC | +34,775 | $136,318 | OPEN |
| RENAISSANCE TECHNOLOGIES LLC | +34,533 | $135,369 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Exome Asset Management LLC | −323,376 | $1M | TRIM |
| FIFTH LANE CAPITAL, LP | −145,000 | $568,400 | CLOSE |
| Kamunting Street Capital Management, L.P. | −87,962 | $344,811 | TRIM |
| CITADEL ADVISORS LLC | −48,385 | $189,669 | CLOSE |
| MORGAN STANLEY | −9,497 | $37,228 | TRIM |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|
| 2026-Q1 | 25 | 3,300,450 | — | $10M |
| 2025-Q4 | 17 | 3,089,667 | — | $6M |
| 2025-Q3 | 17 | 5,722,260 | — | $11M |
| 2025-Q2 | 15 | 6,083,282 | — | $12M |
| 2025-Q1 | 14 | 7,616,357 | — | $12M |
| 2024-Q4 | 15 | 10,441,972 | — | $20M |
| 2024-Q3 | 13 | 11,420,505 | — | $26M |
| 2024-Q2 | 14 | 11,223,549 | — | $34M |
| 2024-Q1 | 17 | 12,468,700 | — | $35M |
| 2023-Q4 | 11 | 7,271,324 | — | $16M |
| 2023-Q3 | 10 | 4,096,719 | — | $6M |
| 2023-Q2 | 10 | 4,111,294 | — | $6M |
| 2023-Q1 | 11 | 5,311,033 | — | $8M |
| 2022-Q4 | 9 | 4,216,842 | — | $6M |
| 2022-Q3 | 11 | 5,940,279 | — | $8M |
| 2022-Q2 | 15 | 7,531,358 | — | $15M |
| 2022-Q1 | 15 | 8,391,600 | — | $30M |
| 2021-Q4 | 16 | 8,373,819 | — | $67M |
| 2021-Q3 | 19 | 8,786,888 | — | $127M |
| 2021-Q2 | 16 | 5,937,931 | — | $81M |
| 2021-Q1 | 27 | 6,435,237 | — | $116M |
