Who owns Nuvalent (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-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
Conviction spread
NUVL’s largest tracked holder by dollar value, DEERFIELD MANAGEMENT COMPANY, L.P., sizes it at 26.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 26.5pp 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 2026-Q1 and 2026-Q2, we do not read how tracked institutions changed their NUVL positions: many holders could not be matched across the two filings, most often because the security’s identifier changed and our mapping is incomplete, or because funds are still filing for the newer quarter. Over the same quarter, open-market insider Form 4s were net sales.
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
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| DEERFIELD MANAGEMENT COMPANY, L.P. | 17,248,450 | $2.1B | 24.1% | 2026-Q2 |
| Paradigm Biocapital Advisors LP added | 5,924,433 | $732M | 8.3% | 2026-Q2 |
| BlackRock, Inc. added | 5,585,619 | $690M | 7.8% | 2026-Q2 |
| HBK INVESTMENTS L P new | 3,483,100 | $430M | 4.9% | 2026-Q2 |
| FIL Ltd added | 2,946,506 | $364M | 4.1% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 2,589,282 | $320M | 3.6% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 2,459,118 | $304M | 3.4% | 2026-Q2 |
| STATE STREET CORP added | 2,091,044 | $258M | 2.9% | 2026-Q2 |
| Deep Track Capital, LP added | 1,783,322 | $220M | 2.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 1,640,833 | $203M | 2.3% | 2026-Q2 |
| PERCEPTIVE ADVISORS LLC | 1,580,505 | $195M | 2.2% | 2026-Q2 |
| FMR LLC trimmed | 1,417,590 | $175M | 2.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,407,353 | $174M | 2.0% | 2026-Q2 |
| BARCLAYS PLC added | 1,268,265 | $157M | 1.8% | 2026-Q2 |
| RA CAPITAL MANAGEMENT, L.P. trimmed | 1,246,456 | $154M | 1.7% | 2026-Q2 |
| Pentwater Capital Management LP new | 1,175,000 | $145M | 1.6% | 2026-Q2 |
| Bellevue Group AG | 1,053,268 | $130M | 1.5% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 1,037,583 | $128M | 1.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 876,830 | $108M | 1.2% | 2026-Q2 |
| First Trust Capital Management L.P. new | 836,918 | $103M | 1.2% | 2026-Q2 |
| MORGAN STANLEY added | 681,225 | $84M | 1.0% | 2026-Q2 |
| NEXPOINT ASSET MANAGEMENT, L.P. new | 617,820 | $76M | 0.9% | 2026-Q2 |
| AQR Arbitrage LLC new | 601,633 | $74M | 0.8% | 2026-Q2 |
| WESTFIELD CAPITAL MANAGEMENT CO LP new | 585,583 | $72M | 0.8% | 2026-Q2 |
| NORGES BANK added | 560,041 | $69M | 0.8% | 2026-Q2 |
| NORTHERN TRUST CORP added | 508,124 | $63M | 0.7% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 470,221 | $58M | 0.7% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 404,192 | $50M | 0.6% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 382,382 | $47M | 0.5% | 2026-Q2 |
| Allianz Asset Management GmbH added | 359,200 | $44M | 0.5% | 2026-Q2 |
| Absolute Gestao de Investimentos Ltda. new | 350,000 | $43M | 0.5% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 327,692 | $41M | 0.5% | 2026-Q2 |
| Polar Asset Management Partners Inc. added | 320,529 | $40M | 0.4% | 2026-Q2 |
| SOROS FUND MANAGEMENT LLC new | 300,017 | $37M | 0.4% | 2026-Q2 |
| Kryger Capital LLC new | 286,712 | $35M | 0.4% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 280,900 | $35M | 0.4% | 2026-Q2 |
| WHITEBOX ADVISORS LLC new | 275,001 | $34M | 0.4% | 2026-Q2 |
| Affinity Asset Advisors, LLC trimmed | 275,000 | $34M | 0.4% | 2026-Q2 |
| Cinctive Capital Management LP new | 240,806 | $30M | 0.3% | 2026-Q2 |
| ODDO BHF ASSET MANAGEMENT SAS new | 227,386 | $28M | 0.3% | 2026-Q2 |
| OMERS ADMINISTRATION Corp new | 225,500 | $28M | 0.3% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 217,213 | $27M | 0.3% | 2026-Q2 |
| Slotnik Capital, LLC new | 210,000 | $26M | 0.3% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 208,978 | $26M | 0.3% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL added | 206,068 | $25M | 0.3% | 2026-Q2 |
| Sagefield Capital LP new | 196,481 | $24M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 192,209 | $24M | 0.3% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND new | 164,398 | $20M | 0.2% | 2026-Q2 |
| TORONTO DOMINION BANK new | 153,900 | $19M | 0.2% | 2026-Q2 |
| MARSHALL WACE, LLP added | 152,122 | $19M | 0.2% | 2026-Q2 |
| Maven Securities LTD new | 150,000 | $19M | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 147,330 | $18M | 0.2% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT new | 145,000 | $18M | 0.2% | 2026-Q2 |
| ALPINE ASSOCIATES MANAGEMENT INC. new | 129,300 | $16M | 0.2% | 2026-Q2 |
| CAPSTONE INVESTMENT ADVISORS, LLC new | 126,303 | $16M | 0.2% | 2026-Q2 |
| Magnetar Financial LLC added | 125,341 | $15M | 0.2% | 2026-Q2 |
| Squarepoint Ops LLC added | 120,415 | $15M | 0.2% | 2026-Q2 |
| Nuveen, LLC added | 120,199 | $15M | 0.2% | 2026-Q2 |
| Chicago Capital Management, LLC new | 115,500 | $11M | 0.1% | 2026-Q2 |
| GABELLI FUNDS LLC new | 110,896 | $14M | 0.2% | 2026-Q2 |
| Jump Financial, LLC added | 107,000 | $13M | 0.1% | 2026-Q2 |
| WATER ISLAND CAPITAL LLC new | 103,979 | $13M | 0.1% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 100,000 | $12M | 0.1% | 2026-Q2 |
| Commodore Capital LP trimmed | 100,000 | $12M | 0.1% | 2026-Q2 |
| Jones Hill Capital LP trimmed | 98,442 | $12M | 0.1% | 2026-Q2 |
| GARDNER LEWIS ASSET MANAGEMENT L P new | 95,495 | $12M | 0.1% | 2026-Q2 |
| Swiss National Bank added | 91,800 | $11M | 0.1% | 2026-Q2 |
| Verition Fund Management LLC added | 90,521 | $11M | 0.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ new | 90,434 | $11M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 85,717 | $11M | 0.1% | 2026-Q2 |
| UBS Group AG trimmed | 84,659 | $10M | 0.1% | 2026-Q2 |
| FRED ALGER MANAGEMENT, LLC trimmed | 80,692 | $10M | 0.1% | 2026-Q2 |
| Man Group plc added | 80,000 | $10M | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 77,348 | $10M | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 75,740 | $9M | 0.1% | 2026-Q2 |
| GABELLI & Co INVESTMENT ADVISERS, INC. new | 74,244 | $9M | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 71,607 | $9M | 0.1% | 2026-Q2 |
| PRELUDE CAPITAL MANAGEMENT, LLC added | 70,535 | $9M | 0.1% | 2026-Q2 |
| Transmarket Holdings LP new | 69,760 | $9M | 0.1% | 2026-Q2 |
| Woodline Partners LP trimmed | 64,500 | $8M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 63,190 | $6M | 0.1% | 2026-Q2 |
| TIG Advisors, LLC new | 63,055 | $8M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 61,735 | $8M | 0.1% | 2026-Q2 |
| Weiss Asset Management LP new | 61,041 | $8M | 0.1% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 60,102 | $7M | 0.1% | 2026-Q2 |
| Hudson Bay Capital Management LP added | 60,000 | $7M | 0.1% | 2026-Q2 |
| LMR Partners LLP new | 60,000 | $7M | 0.1% | 2026-Q2 |
| Public Sector Pension Investment Board new | 59,000 | $7M | 0.1% | 2026-Q2 |
| ABC ARBITRAGE SA new | 57,147 | $7M | 0.1% | 2026-Q2 |
| Groupe la Francaise new | 56,430 | $7M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 56,163 | $7M | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 52,455 | $6M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 52,342 | $6M | 0.1% | 2026-Q2 |
| Creative Planning added | 51,487 | $6M | 0.1% | 2026-Q2 |
| Alberta Investment Management Corp new | 50,000 | $6M | 0.1% | 2026-Q2 |
| Carmignac Gestion new | 47,657 | $6M | 0.1% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 46,306 | $6M | 0.1% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 46,196 | $6M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 45,516 | $6M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 45,081 | $6M | 0.1% | 2026-Q2 |
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.