Novo Holdings A/S

Q4 2025 13F-HR Holdings

Location
Hellerup, G7
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
24
Total value ($000)
$1,287,677
Net value change ($000)
-263,906 (-17.0%)
New positions
1
Sold out positions
4
Turnover %
40.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
MPLT 64,756 NEW
EWTX 45,983 53.0%
APGE 23,159 116.6%
VRDN 22,706 44.2%
FDMT 10,001 57.5%
PCVX 9,272 28.1%
CRM 9,216 11.8%
ZBIO 8,250 18.6%
CRNX 7,963 11.8%
MIRM 7,180 7.7%
Top Reduces (Value $000, Stocks/ETFs)
VTI -340,821 -100.0%
Merus N.V. -70,613 -100.0%
RXRX -38,698 -100.0%
ASML -19,276 -13.7%
VALN -8,279 -28.9%
BABA -8,273 -18.0%
ELVN -6,404 -21.9%
LNZA -1,700 -43.9%
GLTO -322 -100.0%
MQ -234 -10.0%
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