Who owns NUVL (NUVL)
Which tracked institutional funds hold NUVL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NUVL company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
90 tracked funds added or opened NUVL while 50 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NUVL’s largest tracked holder by dollar value, DEERFIELD MANAGEMENT COMPANY, L.P., sizes it at 24.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 24.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NUVL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 264 tracked filers holding NUVL, 163 increased or opened the position and 99 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NUVL between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 26
- VANGUARD PORTFOLIO MANAGEMENT LLC$256M
- VANGUARD CAPITAL MANAGEMENT LLC$249M
- Deep Track Capital, LP$141M
- VANGUARD FIDUCIARY TRUST CO$37M
- Jones Hill Capital LP$31M
- TWO SIGMA INVESTMENTS, LP$10M
Full exits 12
- VANGUARD GROUP INC$521M
- Fairmount Funds Management LLC$73M
- BAKER BROS. ADVISORS LP$14M
- Point72 Asset Management, L.P.$9M
- Verition Fund Management LLC$7M
- NEOS Investment Management LLC$4M
Largest adds
- T. Rowe Price Investment Management, Inc.$108M
- JPMORGAN CHASE & CO$77M
- RA CAPITAL MANAGEMENT, L.P.$71M
- Vestal Point Capital, LP$45M
- Polar Capital Holdings Plc$33M
- DEERFIELD MANAGEMENT COMPANY, L.P.$32M
Largest trims
- FMR LLC$142M
- BlackRock, Inc.$107M
- NORGES BANK$48M
- JANUS HENDERSON GROUP PLC$24M
- Defilade Capital Management, L.P.$14M
- BRAIDWELL LP$11M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| DEERFIELD MANAGEMENT COMPANY, L.P. | 17,248,450 | $1.8B | 19.9% | 2026-Q1 |
| FMR LLC trimmed | 9,269,243 | $950M | 10.7% | 2026-Q1 |
| Paradigm Biocapital Advisors LP added | 5,324,433 | $545M | 6.1% | 2026-Q1 |
| BlackRock, Inc. trimmed | 3,677,635 | $377M | 4.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 3,088,349 | $299M | 3.4% | 2026-Q1 |
| RA CAPITAL MANAGEMENT, L.P. added | 2,534,145 | $260M | 2.9% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 2,500,907 | $256M | 2.9% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 2,451,046 | $251M | 2.8% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 2,428,488 | $249M | 2.8% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 2,056,133 | $211M | 2.4% | 2026-Q1 |
| STATE STREET CORP added | 2,035,831 | $209M | 2.3% | 2026-Q1 |
| Polar Capital Holdings Plc added | 1,831,253 | $188M | 2.1% | 2026-Q1 |
| PERCEPTIVE ADVISORS LLC trimmed | 1,580,505 | $162M | 1.8% | 2026-Q1 |
| T. Rowe Price Investment Management, Inc. added | 1,413,637 | $145M | 1.6% | 2026-Q1 |
| Deep Track Capital, LP added | 1,376,324 | $141M | 1.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,298,107 | $133M | 1.5% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 1,237,779 | $127M | 1.4% | 2026-Q1 |
| Bellevue Group AG added | 1,053,268 | $108M | 1.2% | 2026-Q1 |
| Commodore Capital LP added | 833,600 | $85M | 1.0% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 784,023 | $79M | 0.9% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 748,896 | $77M | 0.9% | 2026-Q1 |
| BRAIDWELL LP trimmed | 700,429 | $72M | 0.8% | 2026-Q1 |
| Woodline Partners LP | 610,459 | $63M | 0.7% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 563,768 | $58M | 0.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 537,158 | $55M | 0.6% | 2026-Q1 |
| Vestal Point Capital, LP added | 481,715 | $49M | 0.6% | 2026-Q1 |
| Driehaus Capital Management LLC trimmed | 481,180 | $49M | 0.6% | 2026-Q1 |
| Hood River Capital Management LLC added | 479,998 | $49M | 0.6% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 450,801 | $46M | 0.5% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 434,742 | $45M | 0.5% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 431,067 | $44M | 0.5% | 2026-Q1 |
| NORTHERN TRUST CORP added | 429,373 | $44M | 0.5% | 2026-Q1 |
| Pictet Asset Management Holding SA added | 410,485 | $42M | 0.5% | 2026-Q1 |
| FRONTIER CAPITAL MANAGEMENT CO LLC added | 395,546 | $41M | 0.5% | 2026-Q1 |
| Candriam S.C.A. added | 391,306 | $40M | 0.5% | 2026-Q1 |
| First Turn Management, LLC added | 370,344 | $38M | 0.4% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 364,167 | $37M | 0.4% | 2026-Q1 |
| UBS Group AG trimmed | 363,098 | $37M | 0.4% | 2026-Q1 |
| SILVERARC CAPITAL MANAGEMENT, LLC added | 354,914 | $36M | 0.4% | 2026-Q1 |
| Invesco Ltd. trimmed | 326,560 | $33M | 0.4% | 2026-Q1 |
| Tri Locum Partners LP added | 308,506 | $32M | 0.4% | 2026-Q1 |
| Jones Hill Capital LP new | 300,830 | $31M | 0.3% | 2026-Q1 |
| Affinity Asset Advisors, LLC trimmed | 300,000 | $31M | 0.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 216,516 | $22M | 0.2% | 2026-Q1 |
| MORGAN STANLEY trimmed | 200,790 | $21M | 0.2% | 2026-Q1 |
| LORD, ABBETT & CO. LLC trimmed | 199,878 | $20M | 0.2% | 2026-Q1 |
| ArrowMark Colorado Holdings LLC trimmed | 186,850 | $19M | 0.2% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC added | 178,438 | $18M | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 166,773 | $17M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 161,509 | $17M | 0.2% | 2026-Q1 |
| Nicholas Investment Partners, LP trimmed | 159,721 | $16M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 140,592 | $14M | 0.2% | 2026-Q1 |
| TD Asset Management Inc trimmed | 137,764 | $14M | 0.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 145,288 | $14M | 0.2% | 2026-Q1 |
| Defilade Capital Management, L.P. trimmed | 129,950 | $13M | 0.1% | 2026-Q1 |
| Aberdeen Group plc trimmed | 123,577 | $13M | 0.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 122,187 | $13M | 0.1% | 2026-Q1 |
| Nuveen, LLC added | 109,820 | $11M | 0.1% | 2026-Q1 |
| Squarepoint Ops LLC added | 104,801 | $11M | 0.1% | 2026-Q1 |
| Ensign Peak Advisors, Inc added | 102,312 | $10M | 0.1% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 102,118 | $10M | 0.1% | 2026-Q1 |
| Fisher Asset Management, LLC trimmed | 97,518 | $10M | 0.1% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 92,502 | $9M | 0.1% | 2026-Q1 |
| NORGES BANK trimmed | 131,618 | $9M | 0.1% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 89,000 | $9M | 0.1% | 2026-Q1 |
| Parkman Healthcare Partners LLC trimmed | 88,078 | $9M | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 87,746 | $9M | 0.1% | 2026-Q1 |
| FRED ALGER MANAGEMENT, LLC trimmed | 81,867 | $8M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 81,775 | $8M | 0.1% | 2026-Q1 |
| Rhenman & Partners Asset Management AB trimmed | 81,200 | $8M | 0.1% | 2026-Q1 |
| Swiss National Bank | 78,900 | $8M | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 77,138 | $8M | 0.1% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 71,295 | $7M | 0.1% | 2026-Q1 |
| Burkehill Global Management, LP | 70,000 | $7M | 0.1% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC new | 64,599 | $7M | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 63,867 | $7M | 0.1% | 2026-Q1 |
| ExodusPoint Capital Management, LP added | 63,720 | $7M | 0.1% | 2026-Q1 |
| HighVista Strategies LLC trimmed | 56,602 | $6M | 0.1% | 2026-Q1 |
| Tema ETFs LLC added | 53,415 | $5M | 0.1% | 2026-Q1 |
| Tidal Investments LLC new | 53,415 | $5M | 0.1% | 2026-Q1 |
| XTX Topco Ltd added | 53,354 | $5M | 0.1% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 50,026 | $5M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 49,670 | $5M | 0.1% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 47,617 | $5M | 0.1% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH trimmed | 46,382 | $5M | 0.1% | 2026-Q1 |
| Rafferty Asset Management, LLC trimmed | 45,083 | $5M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 5,175,797 | $521M | 5.9% | 2025-Q4 stale |
| Bain Capital Life Sciences Investors, LLC | 1,447,267 | $110M | 1.2% | 2025-Q2 stale |
| Fairmount Funds Management LLC | 727,563 | $73M | 0.8% | 2025-Q4 stale |
| Logos Global Management LP added | 500,000 | $35M | 0.4% | 2025-Q1 stale |
| Boxer Capital Management, LLC trimmed | 450,000 | $32M | 0.4% | 2025-Q1 stale |
| SAMLYN CAPITAL, LLC trimmed | 309,594 | $22M | 0.2% | 2025-Q1 stale |
| BAKER BROS. ADVISORS LP | 143,937 | $14M | 0.2% | 2025-Q4 stale |
| Point72 Asset Management, L.P. new | 88,392 | $9M | 0.1% | 2025-Q4 stale |
| Soleus Capital Management, L.P. trimmed | 88,000 | $8M | 0.1% | 2025-Q3 stale |
| Verition Fund Management LLC added | 72,015 | $7M | 0.1% | 2025-Q4 stale |
| Rock Springs Capital Management LP trimmed | 93,328 | $7M | 0.1% | 2025-Q2 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 79,381 | $6M | 0.1% | 2025-Q2 stale |
| BALYASNY ASSET MANAGEMENT L.P. added | 73,221 | $5M | 0.1% | 2025-Q1 stale |
| Edgestream Partners, L.P. added | 68,101 | $5M | 0.1% | 2025-Q1 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.