NOVO HOLDINGS A S
Q3 2025 Form 13-F
HELLERUP, DENMARK
CIK 0001388325
· Institutional investment manager
$1.6B Reported Value Total
Reported value
$1.6B
Quarter over quarter
+21.5%
Holdings
27
Top-10 concentration
73.2%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Barbara Fiorini
General Counsel
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q3 2025 13F record
Q3 2025 13F filing summary
| Period of report | September 30, 2025 |
|---|---|
| Filed | November 14, 2025 |
| Form | 13F-HR |
| Reported value | $1.6B |
| Positions | 27 |
| Change in reported value | +9.5% |
| New positions | 2 |
| Exited positions | 4 |
| Position turnover | 19.4% |
| Top-10 concentration | 73.2% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
25 | $1.7B |
|
Q1 2026 13F
Filed May 15, 2026
|
22 | $1.2B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
24 | $1.3B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
27 | $1.6B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
29 | $1.4B |
|
Q1 2025 13F
Filed May 15, 2025
|
31 | $1.3B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
34 | $1.7B |
|
Q3 2024 13F
Filed Oct 24, 2024
|
37 | $2.0B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
38 | $1.9B |
|
Q1 2024 13F
Filed May 15, 2024
|
35 | $1.4B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
36 | $1.6B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
40 | $1.4B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
41 | $1.3B |
|
Q1 2023 13F
Filed May 15, 2023
|
47 | $1.5B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
48 | $1.6B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
52 | $2.1B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
54 | $2.0B |
|
Q1 2022 13F
Filed May 16, 2022
|
51 | $1.9B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
48 | $2.1B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
49 | $1.9B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | VTI VANGUARD INDEX FDS | $340.8M | 21.97% |
| 2 | BN BROOKFIELD CORP | $159.8M | 10.3% |
| 3 | ASML ASML HOLDING N V | $141.2M | 9.1% |
| 4 | MIRM MIRUM PHARMACEUTICALS INC | $92.7M | 5.97% |
| 5 | EWTX EDGEWISE THERAPEUTICS INC | $86.8M | 5.59% |
| 6 | CRM SALESFORCE INC | $78.3M | 5.04% |
| 7 | MRUS MERUS N V | $70.6M | 4.55% |
| 8 | CRNX CRINETICS PHARMACEUTICALS IN | $67.7M | 4.36% |
| 9 | VRDN VIRIDIAN THERAPEUTICS INC | $51.4M | 3.31% |
| 10 | BABA ALIBABA GROUP HLDG LTD | $46.0M | 2.96% |
| 11 | ZBIO ZENAS BIOPHARMA INC | $44.4M | 2.86% |
| 12 | PHVS PHARVARIS N V | $43.7M | 2.81% |
| 13 | RXRX RECURSION PHARMACEUTICALS IN | $38.7M | 2.49% |
| 14 | AVBP ARRIVENT BIOPHARMA INC | $35.8M | 2.31% |
| 15 | BMRN BIOMARIN PHARMACEUTICAL INC | $35.7M | 2.3% |
| 16 | PCVX VAXCYTE INC | $33.0M | 2.13% |
| 17 | CLDX CELLDEX THERAPEUTICS INC NEW | $31.0M | 2.0% |
| 18 | ELVN ENLIVEN THERAPEUTICS INC | $29.2M | 1.88% |
| 19 | INSM INSMED INC | $28.8M | 1.86% |
| 20 | VALN VALNEVA SE | $28.6M | 1.84% |
Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.