Who owns Novavax (NVAX)
Which tracked institutional funds hold NVAX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NVAX 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.
How the tape is positioned
53 tracked funds added or opened NVAX while 30 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
NVAX’s largest tracked holder by dollar value, SHAH CAPITAL MANAGEMENT, sizes it at 25.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 25.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NVAX 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, across 255 tracked filers holding NVAX, 118 increased or opened the position and 131 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
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 NVAX between the 2026-Q1 and 2026-Q2 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 13
- TSP Capital Management Group, LLC$13M
- JUPITER ASSET MANAGEMENT LTD$10M
- Trexquant Investment LP$4M
- ALGERT GLOBAL LLC$3M
- XTX Topco Ltd$2M
- Squarepoint Ops LLC$1M
Full exits 10
- Jefferies Financial Group Inc.$5M
- Assenagon Asset Management S.A.$3M
- GSA CAPITAL PARTNERS LLP$1M
- Caption Management, LLC$1M
- SG Americas Securities, LLC$1M
- CREDIT AGRICOLE S A$977K
Largest adds
- STATE STREET CORP$38M
- TWO SIGMA INVESTMENTS, LP$34M
- BlackRock, Inc.$27M
- GOLDMAN SACHS GROUP INC$17M
- VANGUARD PORTFOLIO MANAGEMENT LLC$13M
- SHAH CAPITAL MANAGEMENT$13M
Largest trims
- BANK OF AMERICA CORP /DE/$22M
- UBS Group AG$19M
- MILLENNIUM MANAGEMENT LLC$15M
- D. E. Shaw & Co., Inc.$10M
- BARCLAYS PLC$8M
- Point72 Asset Management, L.P.$6M
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 |
|---|---|---|---|---|
| SHAH CAPITAL MANAGEMENT trimmed | 14,165,577 | $133M | 12.3% | 2026-Q2 |
| BlackRock, Inc. added | 13,946,881 | $131M | 12.1% | 2026-Q2 |
| STATE STREET CORP added | 11,740,550 | $111M | 10.2% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 7,607,996 | $72M | 6.6% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 7,257,449 | $68M | 6.3% | 2026-Q2 |
| Sanofi | 6,880,481 | $65M | 6.0% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 5,650,905 | $53M | 4.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,207,370 | $40M | 3.6% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 4,091,043 | $39M | 3.5% | 2026-Q2 |
| COATUE MANAGEMENT LLC | 3,836,986 | $36M | 3.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 3,416,235 | $32M | 3.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 3,007,756 | $28M | 2.6% | 2026-Q2 |
| UBS Group AG trimmed | 1,869,659 | $18M | 1.6% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 1,768,163 | $17M | 1.5% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 1,695,313 | $16M | 1.5% | 2026-Q2 |
| Allianz Asset Management GmbH trimmed | 1,579,200 | $15M | 1.4% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 1,448,108 | $14M | 1.3% | 2026-Q2 |
| TSP Capital Management Group, LLC added | 1,419,365 | $13M | 1.2% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 1,346,607 | $13M | 1.2% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 1,085,100 | $10M | 0.9% | 2026-Q2 |
| JUPITER ASSET MANAGEMENT LTD added | 1,070,232 | $10M | 0.9% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 902,650 | $9M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp added | 849,718 | $8M | 0.7% | 2026-Q2 |
| FEDERATED HERMES, INC. added | 703,006 | $7M | 0.6% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 664,286 | $6M | 0.6% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 652,773 | $6M | 0.6% | 2026-Q2 |
| FMR LLC added | 608,904 | $6M | 0.5% | 2026-Q2 |
| Monaco Asset Management SAM trimmed | 577,464 | $5M | 0.5% | 2026-Q2 |
| Edgestream Partners, L.P. added | 559,796 | $5M | 0.5% | 2026-Q2 |
| CITIGROUP INC added | 513,201 | $5M | 0.4% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 506,083 | $5M | 0.4% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 501,783 | $5M | 0.4% | 2026-Q2 |
| MORGAN STANLEY trimmed | 466,456 | $4M | 0.4% | 2026-Q2 |
| Trexquant Investment LP added | 461,742 | $4M | 0.4% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 396,711 | $4M | 0.3% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 385,699 | $4M | 0.3% | 2026-Q2 |
| Nuveen, LLC added | 346,415 | $3M | 0.3% | 2026-Q2 |
| GROUP ONE TRADING LLC trimmed | 283,821 | $3M | 0.2% | 2026-Q2 |
| ALGERT GLOBAL LLC added | 277,990 | $3M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 277,900 | $3M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 242,229 | $2M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 236,909 | $2M | 0.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 236,004 | $2M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 229,193 | $2M | 0.2% | 2026-Q2 |
| Rafferty Asset Management, LLC trimmed | 208,696 | $2M | 0.2% | 2026-Q2 |
| Jump Financial, LLC added | 204,815 | $2M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 204,665 | $2M | 0.2% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 194,567 | $2M | 0.2% | 2026-Q2 |
| Headlands Technologies LLC added | 190,547 | $2M | 0.2% | 2026-Q2 |
| XTX Topco Ltd added | 167,166 | $2M | 0.1% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 161,156 | $2M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 160,603 | $1M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 158,127 | $1M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 156,894 | $1M | 0.1% | 2026-Q2 |
| Aquatic Capital Management LLC added | 153,665 | $1M | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 140,967 | $1M | 0.1% | 2026-Q2 |
| Legal & General Group Plc added | 139,848 | $1M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 135,826 | $1M | 0.1% | 2026-Q2 |
| Squarepoint Ops LLC added | 133,562 | $1M | 0.1% | 2026-Q2 |
| Virtus Investment Advisers, LLC added | 130,955 | $1M | 0.1% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 125,468 | $1M | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 117,029 | $1M | 0.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 111,699 | $1M | 0.1% | 2026-Q2 |
| PROFUND ADVISORS LLC trimmed | 104,686 | $986K | 0.1% | 2026-Q2 |
| IEQ CAPITAL, LLC new | 101,355 | $955K | 0.1% | 2026-Q2 |
| NewEdge Wealth, LLC trimmed | 100,559 | $947K | 0.1% | 2026-Q2 |
| OPPENHEIMER & CO INC trimmed | 94,759 | $893K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 94,461 | $888K | 0.1% | 2026-Q2 |
| Palumbo Wealth Management LLC added | 92,947 | $876K | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 90,337 | $850K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 89,045 | $839K | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd | 88,428 | $833K | 0.1% | 2026-Q2 |
| MARTINGALE ASSET MANAGEMENT L P trimmed | 85,571 | $806K | 0.1% | 2026-Q2 |
| Creative Planning added | 84,579 | $797K | 0.1% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 82,240 | $775K | 0.1% | 2026-Q2 |
| Ares Systematic Credit Ltd trimmed | 80,155 | $755K | 0.1% | 2026-Q2 |
| VIRGINIA RETIREMENT SYSTEMS ET Al added | 78,463 | $739K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 76,487 | $716K | 0.1% | 2026-Q2 |
| Walleye Trading LLC added | 76,190 | $718K | 0.1% | 2026-Q2 |
| Brevan Howard Capital Management LP added | 69,815 | $658K | 0.1% | 2026-Q2 |
| AXQ CAPITAL, LP added | 68,480 | $645K | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 65,202 | $614K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 63,935 | $602K | 0.1% | 2026-Q2 |
| OP Asset Management Ltd new | 63,397 | $597K | 0.1% | 2026-Q2 |
| Mariner, LLC new | 63,368 | $597K | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 61,720 | $581K | 0.1% | 2026-Q2 |
| Jupiter Topco LLC new | 60,815 | $573K | 0.1% | 2026-Q2 |
| Vontobel Holding Ltd. trimmed | 59,865 | $564K | 0.1% | 2026-Q2 |
| STRS OHIO trimmed | 58,100 | $547K | 0.1% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 57,136 | $538K | 0.0% | 2026-Q2 |
| NOMURA HOLDINGS INC trimmed | 55,683 | $525K | 0.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 55,055 | $519K | 0.0% | 2026-Q2 |
| Cerity Partners LLC new | 54,042 | $509K | 0.0% | 2026-Q2 |
| Quadrature Capital Ltd added | 53,891 | $508K | 0.0% | 2026-Q2 |
| LPL Financial LLC added | 49,871 | $470K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 49,460 | $466K | 0.0% | 2026-Q2 |
| ALPS ADVISORS INC trimmed | 48,989 | $461K | 0.0% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 47,980 | $452K | 0.0% | 2026-Q2 |
| Private Advisor Group, LLC added | 47,893 | $451K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey added | 46,480 | $438K | 0.0% | 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.