L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
28
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 2 listed it in both
Shares listed
25,830,574
combined, among listed positions
Reported value
$334m
combined, at the quarter end

Among the 92 comparable managers: 17 buyers (opened or added shares) and 13 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,770,786.

Managers listing NVCR in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

28 of 28 holders

ActionFiling
Fidelity (FMR LLC)16,796,979$217munder 0.1%Added+27,10117 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,387,754$18munder 0.1%Added+314,90012 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co1,121,274$14munder 0.1%Trimmed-2,75723 Jan 2026 (the filing on sec.gov)
Point72 Asset Management LP900,496$12munder 0.1%Added+783,89617 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.822,385$11munder 0.1%Added+335,90617 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC675,831$8.7munder 0.1%Added+452,27417 Feb 2026 (the filing on sec.gov)
Millennium Management LLC646,666$8.4munder 0.1%Trimmed-688,82417 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC414,742$5.4munder 0.1%Added+217,91917 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC407,204$5.3munder 0.1%Trimmed-224,34017 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP352,459$4.6munder 0.1%Added+235,09217 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC319,814$4.1munder 0.1%Trimmed-102,46612 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp284,645$3.7munder 0.1%Trimmed-321,42517 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC259,078$3.3munder 0.1%Added+50,17010 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP238,360$3.1m0.10%Added+42,84510 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP204,053$2.6munder 0.1%Added+65,03317 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP192,800$2.5munder 0.1%Added+149,80017 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC168,873$2.2munder 0.1%Added+73,66813 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC144,728$1.9munder 0.1%Added+113,59917 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP136,030$1.8munder 0.1%Trimmed-1,07617 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc94,094$1.2munder 0.1%Trimmed-16,21217 Feb 2026 (the filing on sec.gov)
Invesco Ltd67,968$879kunder 0.1%Trimmed-7,80619 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC53,045$686kunder 0.1%Trimmed-29,12213 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd45,000$582kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC31,339$405kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
PDT Partners LLC22,252$288kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
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Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
7 in Q3 2024 to 2 in Q2 2026

Tracked managers listing it, at least.

051015201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
NVCR by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20172$36mn.a.n.a.
Q1 20183$101mn.a.n.a.
Q2 20184$208mn.a.n.a.
Q3 20187$1.0bnn.a.n.a.
Q4 20184$661mn.a.n.a.
Q1 201911$1.3bnn.a.n.a.
Q2 201911$1.8bnn.a.n.a.
Q3 20198$2.2bnn.a.n.a.
Q4 20199$2.4bnn.a.n.a.
Q1 20208$1.8bnn.a.n.a.
Q2 202013$1.6bnn.a.n.a.
Q3 202010$3.0bnn.a.n.a.
Q4 20208$4.6bnn.a.n.a.
Q1 20217$3.7bnn.a.n.a.
Q2 20218$7.3bnn.a.n.a.
Q3 20218$3.6bnn.a.n.a.
Q4 20216$2.3bnn.a.n.a.
Q1 20225$2.7bnn.a.n.a.
Q2 20229$2.4bnn.a.n.a.
Q3 20226$3.0bnn.a.n.a.
Q4 20226$2.9bnn.a.n.a.
Q1 20237$2.5bnn.a.n.a.
Q2 20237$1.6bnn.a.n.a.
Q3 20238$329mn.a.n.a.
Q4 202310$205m55
Q1 20249$145m45
Q2 20247$145m23
Q3 20247$142m24
Q4 20248$758m25
Q1 20256$198m33
Q2 20254$187m32
Q3 20253$43m12
Q4 20253$18m1713
Q1 20262$12m819
Q2 20262$15m157

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

NVCR and LLY →NVCR and JNJ →NVCR and VRTX →Choose a stock to compare with NVCR →

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. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own NVCR, latest filings →Back to the 13F Explorer →