Holders over time
- NVS
- VRTX
| Quarter | NVS | VRTX |
|---|---|---|
| Q3 2020 | 10 holders, $3.8bn | 31 holders, $21.9bn |
| Q4 2020 | 10 holders, $3.7bn | 30 holders, $18.4bn |
| Q1 2021 | 9 holders, $3.1bn | 31 holders, $15.4bn |
| Q2 2021 | 13 holders, $3.8bn | 30 holders, $12.7bn |
| Q3 2021 | 10 holders, $3.9bn | 35 holders, $10.1bn |
| Q4 2021 | 14 holders, $4.4bn | 28 holders, $12.4bn |
| Q1 2022 | 14 holders, $4.4bn | 23 holders, $16.1bn |
| Q2 2022 | 13 holders, $3.8bn | 25 holders, $18.1bn |
| Q3 2022 | 13 holders, $3.2bn | 22 holders, $18.4bn |
| Q4 2022 | 11 holders, $3.9bn | 28 holders, $18.4bn |
| Q1 2023 | 15 holders, $3.5bn | 26 holders, $21.4bn |
| Q2 2023 | 11 holders, $3.0bn | 27 holders, $24.7bn |
| Q3 2023 | 10 holders, $2.9bn | 33 holders, $24.3bn |
| Q4 2023 | 10 holders, $2.5bn | 32 holders, $28.6bn |
| Q1 2024 | 9 holders, $2.3bn | 31 holders, $29.8bn |
| Q2 2024 | 9 holders, $2.5bn | 29 holders, $33.4bn |
| Q3 2024 | 7 holders, $2.7bn | 27 holders, $33.5bn |
| Q4 2024 | 8 holders, $2.2bn | 26 holders, $28.5bn |
| Q1 2025 | 9 holders, $2.6bn | 21 holders, $35.4bn |
| Q2 2025 | 9 holders, $2.6bn | 21 holders, $32.3bn |
| Q3 2025 | 7 holders, $2.3bn | 22 holders, $25.9bn |
| Q4 2025 | 7 holders, $2.0bn | 26 holders, $31.8bn |
| Q1 2026 | 6 holders, $1.7bn | 25 holders, $31.8bn |
| Q2 2026 | 9 holders, $999m | 26 holders, $34.6bn |
Novartis AG
- Holders
- 10
- Reported value
- $2.5bn
- Buyers
- 7
- Sellers
- 3
Breadth +4 among 93 comparable managers.
Vertex Pharmaceuticals Inc
- Holders
- 32
- Reported value
- $28.6bn
- Buyers
- 16
- Sellers
- 16
Breadth 0 among 93 comparable managers.
Who holds both, Q4 2023
Both (7)
Acadian Asset Management LLC, Capital Research Global Investors, Janus Henderson Group Ltd, Marshall Wace LLP, Renaissance Technologies LLC, Voloridge Investment Management LLC, Wellington Management Group LLP
Only NVS (3)
Only VRTX (25)
AllianceBernstein LP, AQR Capital Management LLC, ARK Investment Management LLC, Artisan Partners LP, Brevan Howard Capital Management LP, Bridgewater Associates LP, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., Farallon Capital Management LLC, Fidelity (FMR LLC), Hudson Bay Capital Management LP, Invesco Ltd, Man Group PLC, Maverick Capital Ltd, MFS Investment Management, Millennium Management LLC, Neuberger Berman Group LLC, PDT Partners LLC, T. Rowe Price Associates Inc, Tudor Investment Corp, Two Sigma Advisers LP, Two Sigma Investments LP, Winton Group Ltd, Woodline Partners LP
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.