Novo Holdings A/S

Q3 2025 13F-HR Holdings

Location
Hellerup, G7
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
27
Total value ($000)
$1,551,583
Net value change ($000)
+135,009 (9.5%)
New positions
2
Sold out positions
4
Turnover %
5.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
Merus N.V. 31,163 79.0%
VTI 25,174 8.0%
CRNX 23,103 51.8%
BBOT 22,712 NEW
ZBIO 22,597 103.6%
VRDN 18,088 54.4%
EWTX 16,638 23.7%
MIRM 16,328 21.4%
BN 15,686 10.9%
VALN 15,143 112.5%
Top Reduces (Value $000, Stocks/ETFs)
INSM -39,633 -57.9%
BPMC -33,962 -100.0%
CBLL -16,857 -100.0%
CRM -11,785 -13.1%
RXRX -10,208 -20.9%
AVBP -4,924 -12.1%
LNZA -4,289 -100.0%
IOBT -3,751 -80.4%
ABCL -2,238 -100.0%
BMRN -534 -1.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type