L1 Capital Adds $6.7M to Anteris Stake, Extending Reversal of Months-Long Selling
AVR has more than doubled off its 52-week low of $3.3 on elevated volume (2.2× avg).
Summary
L1 Capital bought $6.7 million of Anteris Technologies stock on October 2 and October 5, extending a reversal of months of selling by the 10% owner.
Key Events · Ownership and Investor Activity · AVR
-
L1 Capital Buys $6.7M More
L1 Capital Pty Ltd purchased 884,809 shares for $6,708,731 on October 2 and October 5, 2026, at prices ranging from $7.38 to $7.87 per share.
-
Reversal of Distribution Pattern
This follows a $3 million purchase on September 30–October 1, reversing a series of sales totaling over $25 million between July and August 2026.
-
Stake Increases to 12.8M Shares
Post-transaction holdings rose to 12,778,380 shares, up from 12,129,925 after the first October 2 purchase.
-
Financial Backdrop
Anteris reported a widening Q2 loss as PARADIGM trial costs escalate, but holds $260.9 million in cash; material weaknesses in internal controls persist.
Analysis · AVR · Industrial Applications And Services
L1 Capital, a 10% owner, bought 884,809 shares for $6.7 million on October 2 and October 5, following a $3 million purchase on September 30–October 1. This marks a decisive reversal of the fund's distribution pattern — it sold over $25 million of Anteris stock between July and August. The buying comes after the company reported a widening Q2 loss but holds $260.9 million in cash, suggesting the fund sees value at current prices despite the operational losses and material weaknesses in internal controls.
How filings like this one have moved
In the 30 days to Oct 6, 2026, 28.9% of the 1573 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AVR was trading at $7.51 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $735.8M. The 52-week trading range was $3.30 to $11.06. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.