Who owns NVAX (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-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
55 tracked funds added or opened NVAX while 25 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
NVAX’s largest tracked holder by dollar value, SHAH CAPITAL MANAGEMENT, sizes it at 23.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 23.2pp 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 2025-Q4 and 2026-Q1, across 259 tracked filers holding NVAX, 128 increased or opened the position and 106 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 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 17
- VANGUARD PORTFOLIO MANAGEMENT LLC$58M
- VANGUARD CAPITAL MANAGEMENT LLC$58M
- COATUE MANAGEMENT LLC$31M
- VANGUARD FIDUCIARY TRUST CO$9M
- Jefferies Financial Group Inc.$5M
- Edgestream Partners, L.P.$4M
Full exits 5
- VANGUARD GROUP INC$95M
- Balyasny Asset Management L.P.$3M
- Eversept Partners, LP$1M
- JUPITER ASSET MANAGEMENT LTD$982K
- IMC-Chicago, LLC$525K
Largest adds
- SHAH CAPITAL MANAGEMENT$23M
- D. E. Shaw & Co., Inc.$22M
- BlackRock, Inc.$18M
- Point72 Asset Management, L.P.$12M
- Sanofi$10M
- STATE STREET CORP$9M
Largest trims
- MORGAN STANLEY$20M
- HRT FINANCIAL LP$5M
- SG Americas Securities, LLC$5M
- Jump Financial, LLC$3M
- JANE STREET GROUP, LLC$3M
- BANK OF AMERICA CORP /DE/$2M
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 |
|---|---|---|---|---|
| SHAH CAPITAL MANAGEMENT added | 14,845,097 | $121M | 11.2% | 2026-Q1 |
| BlackRock, Inc. trimmed | 12,844,319 | $105M | 9.6% | 2026-Q1 |
| STATE STREET CORP trimmed | 8,970,518 | $73M | 6.7% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 7,709,858 | $63M | 5.8% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 7,151,625 | $58M | 5.4% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 7,130,147 | $58M | 5.4% | 2026-Q1 |
| Sanofi | 6,880,481 | $56M | 5.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 6,637,213 | $54M | 5.0% | 2026-Q1 |
| UBS Group AG trimmed | 4,477,701 | $36M | 3.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 3,898,413 | $32M | 2.9% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 3,852,545 | $31M | 2.9% | 2026-Q1 |
| COATUE MANAGEMENT LLC | 3,836,986 | $31M | 2.9% | 2026-Q1 |
| Allianz Asset Management GmbH trimmed | 1,859,854 | $15M | 1.4% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 1,518,211 | $12M | 1.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,509,326 | $12M | 1.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,409,446 | $11M | 1.1% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,373,505 | $11M | 1.0% | 2026-Q1 |
| BARCLAYS PLC added | 1,191,079 | $10M | 0.9% | 2026-Q1 |
| MARSHALL WACE, LLP added | 1,165,697 | $9M | 0.9% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 1,123,746 | $9M | 0.8% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 1,107,186 | $9M | 0.8% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 834,842 | $7M | 0.6% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 780,797 | $6M | 0.6% | 2026-Q1 |
| Monaco Asset Management SAM trimmed | 697,600 | $6M | 0.5% | 2026-Q1 |
| Jefferies Financial Group Inc. added | 673,120 | $5M | 0.5% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 614,799 | $5M | 0.5% | 2026-Q1 |
| MORGAN STANLEY trimmed | 572,034 | $5M | 0.4% | 2026-Q1 |
| Edgestream Partners, L.P. added | 520,135 | $4M | 0.4% | 2026-Q1 |
| FMR LLC added | 500,817 | $4M | 0.4% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 497,383 | $4M | 0.4% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 409,328 | $3M | 0.3% | 2026-Q1 |
| Assenagon Asset Management S.A. new | 364,770 | $3M | 0.3% | 2026-Q1 |
| GROUP ONE TRADING LLC trimmed | 342,064 | $3M | 0.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 341,671 | $3M | 0.3% | 2026-Q1 |
| Nuveen, LLC trimmed | 323,506 | $3M | 0.2% | 2026-Q1 |
| Swiss National Bank | 272,100 | $2M | 0.2% | 2026-Q1 |
| Invesco Ltd. added | 264,854 | $2M | 0.2% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 261,266 | $2M | 0.2% | 2026-Q1 |
| Rafferty Asset Management, LLC trimmed | 248,413 | $2M | 0.2% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 200,216 | $2M | 0.2% | 2026-Q1 |
| Headlands Technologies LLC added | 189,675 | $2M | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 189,600 | $2M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 186,638 | $2M | 0.1% | 2026-Q1 |
| ALPS ADVISORS INC added | 181,025 | $1M | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 180,468 | $1M | 0.1% | 2026-Q1 |
| GSA CAPITAL PARTNERS LLP added | 165,179 | $1M | 0.1% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 164,553 | $1M | 0.1% | 2026-Q1 |
| Caption Management, LLC added | 148,155 | $1M | 0.1% | 2026-Q1 |
| SG Americas Securities, LLC trimmed | 141,085 | $1M | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. | 163,213 | $1M | 0.1% | 2026-Q1 |
| NewEdge Wealth, LLC trimmed | 130,000 | $1M | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 129,750 | $1M | 0.1% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 128,859 | $1M | 0.1% | 2026-Q1 |
| Virtus Investment Advisers, LLC added | 128,505 | $1M | 0.1% | 2026-Q1 |
| Legal & General Group Plc trimmed | 125,900 | $1M | 0.1% | 2026-Q1 |
| Voleon Capital Management LP added | 123,555 | $1M | 0.1% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 120,000 | $977K | 0.1% | 2026-Q1 |
| CREDIT AGRICOLE S A added | 120,000 | $977K | 0.1% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 111,267 | $906K | 0.1% | 2026-Q1 |
| PROFUND ADVISORS LLC trimmed | 110,955 | $903K | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 110,813 | $902K | 0.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 108,725 | $885K | 0.1% | 2026-Q1 |
| Mitsubishi UFJ Trust & Banking Corp added | 106,507 | $867K | 0.1% | 2026-Q1 |
| OPPENHEIMER & CO INC added | 105,168 | $856K | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 100,300 | $816K | 0.1% | 2026-Q1 |
| Virtu Financial LLC added | 97,148 | $791K | 0.1% | 2026-Q1 |
| MARTINGALE ASSET MANAGEMENT L P trimmed | 94,657 | $771K | 0.1% | 2026-Q1 |
| Palumbo Wealth Management LLC added | 92,111 | $750K | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 91,634 | $746K | 0.1% | 2026-Q1 |
| NOMURA HOLDINGS INC added | 90,896 | $740K | 0.1% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC trimmed | 89,913 | $732K | 0.1% | 2026-Q1 |
| Ares Systematic Credit Ltd trimmed | 89,537 | $724K | 0.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 88,428 | $720K | 0.1% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 87,842 | $714K | 0.1% | 2026-Q1 |
| Bridgefront Capital, LLC added | 86,918 | $708K | 0.1% | 2026-Q1 |
| MetLife Investment Management, LLC trimmed | 79,221 | $645K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 75,200 | $608K | 0.1% | 2026-Q1 |
| STRS OHIO trimmed | 74,600 | $607K | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 14,203,008 | $95M | 8.8% | 2025-Q4 stale |
| Park West Asset Management LLC new | 2,528,857 | $16M | 1.5% | 2025-Q1 stale |
| TSP Capital Management Group, LLC added | 1,399,065 | $12M | 1.1% | 2025-Q3 stale |
| Deep Track Capital, LP trimmed | 998,542 | $6M | 0.6% | 2025-Q2 stale |
| TANG CAPITAL MANAGEMENT LLC | 600,000 | $4M | 0.3% | 2025-Q2 stale |
| Susquehanna Portfolio Strategies, LLC trimmed | 384,759 | $3M | 0.3% | 2025-Q3 stale |
| Balyasny Asset Management L.P. added | 384,991 | $3M | 0.2% | 2025-Q4 stale |
| ORACLE INVESTMENT MANAGEMENT INC new | 243,000 | $2M | 0.2% | 2025-Q3 stale |
| Cubist Systematic Strategies, LLC trimmed | 221,540 | $2M | 0.2% | 2025-Q3 stale |
| OMERS ADMINISTRATION Corp | 199,100 | $2M | 0.2% | 2025-Q3 stale |
| SIMPLEX TRADING, LLC added | 216,099 | $1M | 0.1% | 2025-Q2 stale |
| Eversept Partners, LP trimmed | 181,220 | $1M | 0.1% | 2025-Q4 stale |
| Quinn Opportunity Partners LLC added | 190,118 | $1M | 0.1% | 2025-Q2 stale |
| Campbell & CO Investment Adviser LLC new | 189,426 | $1M | 0.1% | 2025-Q2 stale |
| Janney Montgomery Scott LLC added | 116,860 | $1M | 0.1% | 2025-Q3 stale |
| JUPITER ASSET MANAGEMENT LTD added | 146,120 | $982K | 0.1% | 2025-Q4 stale |
| Verition Fund Management LLC trimmed | 146,647 | $924K | 0.1% | 2025-Q2 stale |
| Nebula Research & Development LLC added | 146,528 | $923K | 0.1% | 2025-Q2 stale |
| FRANKLIN RESOURCES INC trimmed | 100,646 | $873K | 0.1% | 2025-Q3 stale |
| Engineers Gate Manager LP added | 130,714 | $823K | 0.1% | 2025-Q2 stale |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 94,916 | $608K | 0.1% | 2025-Q1 stale |
| GUGGENHEIM CAPITAL LLC trimmed | 66,358 | $575K | 0.1% | 2025-Q3 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.