Free · no sign-up · Q2 2026

Which funds own NVS

Novartis AG in the Q2 2026 filings. At least 7 of the 91 current managers on file reported a position, worth $828m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 7; at least, of 91 current
Combined value: $828m; as reported
Opened: 3; new this quarter
Added to: 1; already held
Trimmed or sold out: 3; 0 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Janus Henderson Group Ltd Long-only · $245bn book	$348m	0.1%	2,221,362	+$500k-54,576	Trimmed
Holocene Advisors LP Long/short equity · $44.4bn book	$163m	0.4%	1,037,332	opened1,037,332	New
Renaissance Technologies LLC Quantitative · $72.6bn book	$124m	0.2%	788,033	-$46m-323,800	Trimmed
Dodge & Cox Activist · $191bn book	$119m	0.1%	759,373	-$945m-6,208,010	Trimmed
Farallon Capital Management LLC Long/short equity · $21.7bn book	$57m	0.3%	363,000	opened363,000	New
Glenview Capital Management LLC Long/short equity · $5.5bn book	$14m	0.2%	86,909	opened86,909	New
Maverick Capital Ltd Long/short equity · $11.3bn book	$4.4m	0.0%	27,789	+$2.0m+12,542	Added

Ownership through time

At least 9 of the 95 managers whose filings are on file listed NVS in Q2 2026, against 10 in Q2 2013. 3 managers more than in Q1 2026: 4 started positions; 1 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Largest increases, by shares

Holocene Advisors LPnew: 1,037,332 shares+$163m
Millennium Management LLCnew: 758,029 shares+$119m
Farallon Capital Management LLCnew: 363,000 shares+$57m
Glenview Capital Management LLCnew: 86,909 shares+$14m
Maverick Capital Ltd15,247 to 27,789 shares+$2.0m

Largest decreases, by shares

Dodge & Cox6,967,383 to 759,373 shares-$973m
Renaissance Technologies LLC1,111,833 to 788,033 shares-$51m
Janus Henderson Group Ltd2,275,938 to 2,221,362 shares-$8.6m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Janus Henderson Group Ltd	Q4 2014	$455m	$348m
Holocene Advisors LP	Q3 2023	$163m	$163m
Renaissance Technologies LLC	Q3 2013	$724m	$124m
Dodge & Cox	Q2 2013	$4.9bn	$119m
Millennium Management LLC	Q3 2014	$120m	$119m
Farallon Capital Management LLC	Q2 2026	$57m	$57m
Marshall Wace LLP	Q4 2014	$173m	$52m
Glenview Capital Management LLC	Q2 2026	$14m	$14m
Maverick Capital Ltd	Q2 2013	$62m	$4.4m
Fidelity (FMR LLC)	Q1 2015	$834m	last listed Q4 2019
Wellington Management Group LLP	Q4 2018	$480m	last listed Q3 2025
Neuberger Berman Group LLC	Q2 2013	$469m	last listed Q3 2022
Arrowstreet Capital LP	Q1 2017	$450m	last listed Q4 2025
Invesco Ltd	Q2 2013	$336m	last listed Q2 2020
Two Sigma Advisers LP	Q2 2013	$258m	last listed Q1 2023
Capital Research Global Investors	Q2 2013	$237m	last listed Q4 2024
Two Sigma Investments LP	Q2 2013	$170m	last listed Q2 2025
Point72 Asset Management LP	Q2 2014	$167m	last listed Q1 2026
D. E. Shaw & Co.	Q4 2015	$159m	last listed Q4 2024

Reported as options rather than shares

A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.

Walleye Capital LLC · puts$27m notional
Walleye Capital LLC · calls$26m notional

What NVS is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around NVS →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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The holdings, every quarter, and the week between

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