Novo Holdings A/S

CIK 0001388325 · Q2 2026

13F Equity AUM

$1.7B

+39.5% QoQ

Positions

+3 QoQ

AUM Rank

#1,702

Top 19%

Skill Alpha (FF)

-1.1%/yr^ns

No Clear Edge

Rank #4,508 · Top 54%

vs S&P -4.7%/yr (unadj.)

Quarters Tracked

~14 years

Portfolio Concentration

Top 5: 48.9%Top 10: 73.5%Top 20: 96.5%

EWTX12.6%

ASML11.0%

Unknown8.9%

BN8.7%

MPLT7.7%

MIRM7.7%

Unknown7.4%

CRM3.6%

AVBP3.0%

ELVN3.0%

Others (15)26.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare55.8%

Unclassified16.3%

Technology15.0%

Financial Services8.7%

Consumer Cyclical4.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 25Median: 2.75%Avg: 4.00%

0–0.5%

2(0.5%)

0.5–1%

2(1.7%)

1–3%

12(27.3%)

3–5%

2(6.6%)

5%+

7(63.9%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 25vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New6Increased2Decreased8Exited3

New Positions

—8.9%

+4.2M

—7.4%

+3.9M

FND2.8%

+797K

ALMS1.8%

+1.1M

DYN1.2%

+960K

IM8N0.8%

+121K

Increased

VRDN2.3%

+135K(+7%)

BBOT1.0%

+64K(+3%)

Decreased

AVBP3.0%

-442,142(-23%)

FDMT2.5%

-401,559(-11%)

PHVS2.8%

-350,000(-20%)

ELVN3.0%

-280,000(-22%)

CRNX2.9%

-230,000(-15%)

MIRM7.7%

-200,000(-15%)

TCE22.2%

-175,000(-15%)

PCVX2.7%

-60,000(-7%)

Exited

APGE

-450,000

BMRN

-660,000

VALN

-1,057,421

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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