Vault-13

GENMAB A/S GMAB

SPONSORED ADS · ADR · CUSIP 372303206

291 institutional holders +15 vs Q1 2026
102,209,623102.2m shares reported held*
$2.8bnreported value*
46 new 102 added 100 reduced 30 sold out net bought ≈ $561.6m (+20.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.43. Options: 11 managers hold calls ($146.2m notional), 8 hold puts ($6.4m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 194Q4 22: 238Q1 23: 217Q2 23: 215Q3 23: 236Q4 23: 227Q1 24: 228Q2 24: 221Q3 24: 225Q4 24: 230Q1 25: 222Q2 25: 219Q3 25: 254Q4 25: 294Q1 26: 276Q2 26: 291291Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022194
Q4 2022238
Q1 2023217
Q2 2023215
Q3 2023236
Q4 2023227
Q1 2024228
Q2 2024221
Q3 2024225
Q4 2024230
Q1 2025222
Q2 2025219
Q3 2025254
Q4 2025294
Q1 2026276
Q2 2026291

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 24: 124 bought or addedQ3 24: 89 cut or sold outQ4 24: 115 bought or addedQ4 24: 117 cut or sold outQ4 24Q1 25: 122 bought or addedQ1 25: 108 cut or sold outQ2 25: 117 bought or addedQ2 25: 111 cut or sold outQ2 25Q3 25: 164 bought or addedQ3 25: 90 cut or sold outQ4 25: 184 bought or addedQ4 25: 84 cut or sold outQ4 25Q1 26: 147 bought or addedQ1 26: 154 cut or sold outQ2 26: 148 bought or addedQ2 26: 130 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202412489
Q4 2024115117
Q1 2025122108
Q2 2025117111
Q3 202516490
Q4 202518484
Q1 2026147154
Q2 2026148130

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150mQ3 25 calls: $2.4mQ3 25 puts: $557.9kQ3 25P/C 0.23Q4 25 calls: $3.3mQ4 25 puts: $2.5mQ4 25P/C 0.76Q1 26 calls: $16.0mQ1 26 puts: $976.6kQ1 26P/C 0.06Q2 26 calls: $146.2mQ2 26 puts: $6.4mQ2 26P/C 0.04
Numbers
QuarterCallsPutsP/C
Q3 2025$2.4m$557.9k0.23
Q4 2025$3.3m$2.5m0.76
Q1 2026$16.0m$976.6k0.06
Q2 2026$146.2m$6.4m0.04

Biggest buyers

Paradigm Biocapital Advisors LP Added +5,165,295+5.2m
DEERFIELD MANAGEMENT COMPANY, L.P. Added +4,403,000+4.4m
Sofinnova Investments, Inc. Added +3,292,954+3.3m
CITADEL ADVISORS LLC New +2,475,991+2.5m
Deep Track Capital, LP Added +1,986,750+2.0m
TWO SIGMA INVESTMENTS, LP Added +1,167,411+1.2m
Qube Research & Technologies Ltd Added +1,011,938+1.0m
MARSHALL WACE, LLP Added +814,659+814.7k
UBS Group AG Added +662,921+662.9k
JPMORGAN CHASE & CO Added +522,208+522.2k

Biggest sellers

Orbis Allan Gray Ltd Reduced -1,557,417-1.6m
ALLIANCEBERNSTEIN L.P. Reduced -912,272-912.3k
RENAISSANCE TECHNOLOGIES LLC Reduced -896,700-896.7k
MORGAN STANLEY Reduced -554,540-554.5k
FMR LLC Reduced -247,032-247.0k
Harding Loevner LP Reduced -145,283-145.3k
Dorsey Wright & Associates Sold out -64,388-64.4k
Advisors Preferred, LLC Sold out -50,720-50.7k
Avidity Partners Management LP Reduced -50,000-50.0k
DIVERSIFY WEALTH MANAGEMENT, LLC Sold out -46,564-46.6k

Biggest calls

Deep Track Capital, LP New $82.4m3.0m shares
Caption Management, LLC New $19.2m698.0k shares
CITADEL ADVISORS LLC Added $8.6m312.3k shares
SIMPLEX TRADING, LLC Added $7.1m258.3k shares
JANE STREET GROUP, LLC Added $6.5m237.3k shares
GROUP ONE TRADING LLC Added $6.5m235.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.1m221.4k shares
IMC-Chicago, LLC Added $4.1m148.6k shares
Balyasny Asset Management L.P. New $3.9m141.1k shares
Walleye Capital LLC Added $1.2m44.3k shares

Biggest puts

SIMPLEX TRADING, LLC Added $1.3m48.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $1.2m45.5k shares
CITADEL ADVISORS LLC New $1.2m45.3k shares
JANE STREET GROUP, LLC Added $961.5k35.0k shares
LMR Partners LLP New $824.1k30.0k shares
IMC-Chicago, LLC New $755.4k27.5k shares
Walleye Capital LLC New $85.2k3.1k shares
GROUP ONE TRADING LLC Reduced $5.5k200 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Darwin Global Management, Ltd. 13G · passive investor new · filed 2026-10-05 5.9% new 3.7m 2026-10-05

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Paradigm Biocapital Advisors LP 6.76% of their portfolio NEW YORK, NY 13,133,13113.1m $360.8m $360.8m 6.76% Added +5.2m +5,165,295
2 Orbis Allan Gray Ltd 1.07% of their portfolio HamiltoN, D0 11,368,16111.4m $312.3m $312.3m 1.07% Reduced -1.6m -1,557,417
3 ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio NASHVILLE, TN 8,644,8778.6m $231.9m $231.9m 0.08% Reduced -912.3k -912,272
4 DEERFIELD MANAGEMENT COMPANY, L.P. 1.97% of their portfolio New York, NY 6,865,0006.9m $188.6m $188.6m 1.97% Added +4.4m +4,403,000
5 Deep Track Capital, LP 2.29% of their portfolio GREENWICH, CT 5,650,0005.7m $155.2m $155.2m 2.29% Added +2.0m +1,986,750
6 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio BOSTON, MA 4,975,3245.0m $136.7m $136.7m 0.06% Unchanged
7 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,671,2524.7m $128.3m $128.3m 0.00% Added +134.7k +134,687
8 Sofinnova Investments, Inc. 5.94% of their portfolio Menlo Park, CA 4,045,2154.0m $111.1m $111.1m 5.94% Added +3.3m +3,292,954
9 RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio NEW YORK, NY 3,517,8503.5m $96.6m $96.6m 0.13% Reduced -896.7k -896,700
10 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 3,506,8433.5m $96.3m $96.3m 0.07% Added +1.2m +1,167,411
11 Harding Loevner LP 0.82% of their portfolio Bridgewater, NJ 3,086,3183.1m $86.9m $86.9m 0.82% Reduced -145.3k -145,283
12 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 2,756,5222.8m $75.7m $75.7m 0.04% Added +295.2k +295,180
13 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 2,475,9912.5m $68.0m $68.0m 0.04% New
14 Qube Research & Technologies Ltd 0.05% of their portfolio LONDON, X0 1,689,2841.7m $46.4m $46.4m 0.05% Added +1.0m +1,011,938
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,630,1611.6m $44.8m $44.8m 0.00% Reduced -554.5k -554,540
16 FEDERATED HERMES, INC. 0.06% of their portfolio PITTSBURGH, PA 1,449,3761.4m $39.8m $39.8m 0.06% Added +197.8k +197,786
17 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,279,2311.3m $35.1m $35.1m 0.00% Added +348.0k +347,972
18 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 1,202,9231.2m $33.0m $33.0m 0.01% Added +9.8k +9,778
19 Pictet Asset Management Holding SA 0.03% of their portfolio CAROUGE, V8 1,065,9271.1m $29.3m $29.3m 0.03% Reduced -11.5k -11,544
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 961,053961.1k $26.4m $26.4m 0.00% Added +662.9k +662,921
21 Perpetual Ltd 0.36% of their portfolio SYDNEY, NEW SOUTH WALES, C3 919,048919.0k $25.2m $25.2m 0.36% Added +160.5k +160,545
22 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 916,600916.6k $25.2m $25.2m 0.00% Reduced -33.9k -33,934
23 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 910,604910.6k $25.0m $25.0m 0.02% Added +118.3k +118,311
24 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 883,430883.4k $24.3m $24.3m 0.02% Added +86.4k +86,362
25 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 829,687829.7k $22.8m $22.8m 0.01% Reduced -32.6k -32,614
26 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 829,659829.7k $22.8m $22.8m 0.02% Added +814.7k +814,659
27 Alyeska Investment Group, L.P. 0.06% of their portfolio CHICAGO, IL 804,374804.4k $22.1m $22.1m 0.06% Added +158.9k +158,893
28 FMR LLC 0.00% of their portfolio BOSTON, MA 764,694764.7k $21.0m $21.0m 0.00% Reduced -247.0k -247,032
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 744,815744.8k $19.4m $19.4m 0.00% Added +522.2k +522,208
30 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 599,953600.0k $16.5m $16.5m 0.01% Added +61.0k +61,009
31 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 514,764514.8k $14.1m $14.1m 0.02% Added +26.5k +26,498
32 OPPENHEIMER ASSET MANAGEMENT INC. 0.13% of their portfolio NEW YORK, NY 447,426447.4k $12.3m $12.3m 0.13% Reduced -10.1k -10,082
33 SUPERSTRING CAPITAL MANAGEMENT LP 7.47% of their portfolio NEW YORK, NY 430,600430.6k $11.8m $11.8m 7.47% Added +233.9k +233,891
34 MOORE CAPITAL MANAGEMENT, LP 0.26% of their portfolio NEW YORK, NY 420,487420.5k $11.6m $11.6m 0.26% Added +208.8k +208,782
35 Dixon Mitchell Investment Counsel Inc. 0.37% of their portfolio VANCOUVER, A1 416,000416.0k $11.4m $11.4m 0.37% New
36 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 333,388333.4k $9.2m $9.2m 0.01% Added +50.9k +50,890
37 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 330,000330.0k $9.1m $9.1m 0.04% Added +20.0k +20,000
38 SummitTX Capital, L.P. 0.23% of their portfolio FORT WORTH, TX 318,408318.4k $8.7m $8.7m 0.23% Added +234.1k +234,054
39 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 303,639303.6k $8.3m $8.3m 0.00% Reduced -16.0k -15,953
40 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 259,249259.2k $7.1m $7.1m 0.00% Added +17.7k +17,729
41 EAGLE GLOBAL ADVISORS LLC 0.22% of their portfolio Houston, TX 244,730244.7k $6.7m $6.7m 0.22% Added +165 +165
42 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 238,803238.8k $6.6m $6.6m 0.01% Added +14.7k +14,659
43 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 227,990228.0k $6.3m $6.3m 0.00% Added +403 +403
44 Caption Management, LLC 0.19% of their portfolio OKLAHOMA CITY, OK 199,774199.8k $5.5m $5.5m 0.19% New
45 FOLKETRYGDFONDET 0.10% of their portfolio OSLO, Q8 165,082165.1k $4.5m $4.5m 0.10% Added +4.3k +4,309
46 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 164,743164.7k $4.5m $4.5m 0.00% Added +66.3k +66,311
47 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 162,384162.4k $4.5m $4.5m 0.01% Reduced -21.7k -21,740
48 AIMZ Investment Advisors, LLC 1.22% of their portfolio LOS ALTOS, CA 160,910160.9k $4.4m $4.4m 1.22% Unchanged
49 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 144,321144.3k $4.0m $4.0m 0.00% Reduced -44.3k -44,316
50 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 141,353141.4k $3.9m $3.9m 0.02% Added +127.9k +127,886
51 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 139,125139.1k $3.8m $3.8m 0.00% Added +11.6k +11,554
52 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 135,647135.6k $3.7m $3.7m 0.01% New
53 Woodline Partners LP 0.01% of their portfolio San Francisco, CA 133,387133.4k $3.7m $3.7m 0.01% New
54 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 127,889127.9k $3.5m $3.5m 0.00% Reduced -22.2k -22,246
55 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 119,169119.2k $3.3m $3.3m 0.00% Added +573 +573
56 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 106,104106.1k $2.9m $2.9m 0.00% Added +22.8k +22,825
57 Ishara Investments LP 2.07% of their portfolio LOS ANGELES, CA 102,500102.5k $2.8m $2.8m 2.07% Added +20.5k +20,500
58 Legacy Wealth Asset Management, LLC 0.62% of their portfolio WOODBURY, MN 102,164102.2k $2.8m $2.8m 0.62% Added +63.5k +63,484
59 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 91,32491.3k $2.5m $2.5m 0.00% Reduced -1.7k -1,688
60 Integrated Quantitative Investments LLC 0.41% of their portfolio BELLEVUE, WA 90,71890.7k $2.5m $2.5m 0.41% Added +54.4k +54,363
61 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 88,42088.4k $2.4m $2.4m 0.00% Reduced -7.1k -7,128
62 Quadrature Capital Ltd 0.02% of their portfolio LONDON, X0 78,56978.6k $2.2m $2.2m 0.02% Added +45.2k +45,170
63 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 76,45476.5k $2.1m $2.1m 0.00% Reduced -5.0k -4,966
64 QRG CAPITAL MANAGEMENT, INC. 0.02% of their portfolio BERWYN, PA 72,64372.6k $2.0m $2.0m 0.02% Added +6.8k +6,821
65 IMC-Chicago, LLC 0.02% of their portfolio CHICAGO, IL 71,59671.6k $2.0m $2.0m 0.02% New
66 Madison Asset Management, LLC 0.02% of their portfolio MADISON, WI 70,78170.8k $1.9m $1.9m 0.02% Reduced -189 -189
67 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 69,57969.6k $1.9m $1.9m 0.00% Added +2.7k +2,677
68 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 65,71165.7k $1.8m $1.8m 0.00% Added +581 +581
69 Terra Nova Asset Management LLC 1.08% of their portfolio NEW YORK, NY 64,23964.2k $1.8m $1.8m 1.08% Added +21.6k +21,595
70 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 62,63262.6k $1.7m $1.7m 0.00% Reduced -8.3k -8,348
71 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 60,20760.2k $1.7m $1.7m 0.00% Reduced -1.7k -1,717
72 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 60,10660.1k $1.7m $1.7m 0.00% Added +1.2k +1,185
73 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 58,23758.2k $1.6m $1.6m 0.00% Reduced -20.9k -20,868
74 LEVEL FOUR ADVISORY SERVICES, LLC 0.05% of their portfolio DALLAS, TX 58,00058.0k $1.6m $1.6m 0.05% Added +977 +977
75 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 55,94855.9k $1.5m $1.5m 0.00% Added +17.7k +17,718
76 Vestmark Advisory Solutions, Inc. 0.01% of their portfolio Wakefield, MA 55,78155.8k $1.5m $1.5m 0.01% Reduced -3.5k -3,525
77 Callan Family Office, LLC 0.03% of their portfolio RADNOR, PA 55,03355.0k $1.5m $1.5m 0.03% Reduced -14 -14
78 Mariner, LLC 0.00% of their portfolio Overland Park, KS 54,67754.7k $1.5m $1.5m 0.00% Reduced -1.6k -1,632
79 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 52,04352.0k $1.4m $1.4m 0.00% Reduced -645 -645
80 INGALLS & SNYDER LLC 0.04% of their portfolio NEW YORK, NY 50,84150.8k $1.4m $1.4m 0.04% Reduced -22.1k -22,050
81 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 50,55750.6k $1.4m $1.4m 0.00% Reduced -3.4k -3,405
82 Avidity Partners Management LP 0.22% of their portfolio DALLAS, TX 50,00050.0k $1.4m $1.4m 0.22% Reduced -50.0k -50,000
83 Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio OAKLAND, CA 49,51149.5k $1.4m $1.4m 0.01% Reduced -7.8k -7,781
84 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 49,01549.0k $1.3m $1.3m 0.00% Reduced -7.4k -7,423
85 Entropy Technologies, LP 0.05% of their portfolio NEW YORK, NY 48,65448.7k $1.3m $1.3m 0.05% New
86 Pinnacle Financial Partners, Inc. 0.01% of their portfolio ATLANTA, GA 47,57347.6k $1.3m $1.3m 0.01% Added +132 +132
87 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 47,18147.2k $1.3m $1.3m 0.00% Reduced -190 -190
88 BAROMETER CAPITAL MANAGEMENT INC. 0.35% of their portfolio TORONTO, A6 45,40045.4k $1.2m $1.2m 0.35% Added +3.0k +3,000
89 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 44,40044.4k $1.2m $1.2m 0.01% Reduced -4.0k -3,979
90 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 43,17243.2k $1.2m $1.2m 0.01% New
91 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 42,94842.9k $1.2m $1.2m 0.00% New
92 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 42,54442.5k $1.2m $1.2m 0.01% Reduced -2.4k -2,357
93 LMR Partners LLP 0.01% of their portfolio LONDON, X0 42,19642.2k $1.2m $1.2m 0.01% New
94 WINTON GROUP Ltd 0.04% of their portfolio LONDON, X0 40,90040.9k $1.1m $1.1m 0.04% Added +25.1k +25,100
95 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 39,98540.0k $1.1m $1.1m 0.00% Added +423 +423
96 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 39,90439.9k $1.1m $1.1m 0.00% Added +202 +202
97 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 38,35638.4k $1.1m $1.1m 0.00% Reduced -3.7k -3,701
98 GRANDFIELD & DODD, LLC 0.05% of their portfolio NEW YORK, NY 37,63337.6k $1.0m $1.0m 0.05% Added +470 +470
99 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 32,61232.6k $895.9k $895.9k 0.00% Reduced -32 -32
100 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 32,11632.1k $882.2k $882.2k 0.02% New