Vault-13

GENMAB A/S GMAB

SPONSORED ADS · ADR · CUSIP 372303206

219 institutional holders -3 vs Q1 2025
62,779,54262.8m shares reported held*
$1.3bnreported value*
35 new 82 added 74 reduced 37 sold out net sold ≈ $20.9m (-1.0m 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 ($22.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.80. Options: 5 managers hold calls ($1.1m notional), 6 hold puts ($1.7m).

Trends to Q2 2025

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: 219219Q3 22Q2 23Q1 24Q4 24Q2 25
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

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 132 bought or addedQ3 23: 77 cut or sold outQ4 23: 87 bought or addedQ4 23: 149 cut or sold outQ4 23Q1 24: 127 bought or addedQ1 24: 112 cut or sold outQ2 24: 92 bought or addedQ2 24: 128 cut or sold outQ2 24Q3 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 25
Numbers
QuarterBought or addedCut or sold out
Q3 202313277
Q4 202387149
Q1 2024127112
Q2 202492128
Q3 202412489
Q4 2024115117
Q1 2025122108
Q2 2025117111

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 24 calls: $255.7kQ3 24 puts: $625.7kQ3 24P/C 2.45Q4 24 calls: $3.4mQ4 24 puts: $872.1kQ4 24P/C 0.25Q1 25 calls: $15.4mQ1 25 puts: $9.4mQ1 25P/C 0.61Q2 25 calls: $1.1mQ2 25 puts: $1.7mQ2 25P/C 1.57
Numbers
QuarterCallsPutsP/C
Q3 2024$255.7k$625.7k2.45
Q4 2024$3.4m$872.1k0.25
Q1 2025$15.4m$9.4m0.61
Q2 2025$1.1m$1.7m1.57

Biggest buyers

Orbis Allan Gray Ltd Added +2,209,659+2.2m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +2,084,966+2.1m
Avidity Partners Management LP New +650,000+650.0k
RENAISSANCE TECHNOLOGIES LLC Added +504,400+504.4k
Woodline Partners LP New +493,506+493.5k
Point72 Europe (London) LLP New +471,700+471.7k
ABC ARBITRAGE SA New +447,055+447.1k
JANE STREET GROUP, LLC Added +219,655+219.7k
FMR LLC Added +195,687+195.7k
GOLDMAN SACHS GROUP INC Added +180,924+180.9k

Biggest sellers

ALLIANCEBERNSTEIN L.P. Reduced -4,062,783-4.1m
Cubist Systematic Strategies, LLC Reduced -873,597-873.6k
CITADEL ADVISORS LLC Reduced -857,470-857.5k
DDD Partners, LLC Sold out -601,050-601.0k
MILLENNIUM MANAGEMENT LLC Reduced -482,534-482.5k
Point72 Asset Management, L.P. Reduced -385,367-385.4k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Reduced -364,107-364.1k
BlackRock, Inc. Reduced -351,831-351.8k
TWO SIGMA INVESTMENTS, LP Reduced -281,222-281.2k
MARSHALL WACE, LLP Reduced -274,226-274.2k

Biggest calls

CITADEL ADVISORS LLC Reduced $378.1k18.3k shares
SIMPLEX TRADING, LLC Added $332.0k16.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $293.4k14.2k shares
GROUP ONE TRADING LLC Reduced $88.8k4.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $553.7k26.8k shares
SIMPLEX TRADING, LLC Reduced $541.0k26.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $349.2k16.9k shares
JANE STREET GROUP, LLC Reduced $233.5k11.3k shares
GROUP ONE TRADING LLC Added $39.3k1.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 in Q2 2025

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 in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio NASHVILLE, TN 10,662,37510.7m $220.3m $220.3m 0.07% Reduced -4.1m -4,062,783
2 Orbis Allan Gray Ltd 0.80% of their portfolio HamiltoN, D0 7,920,4007.9m $163.6m $163.6m 0.80% Added +2.2m +2,209,659
3 CITADEL ADVISORS LLC 0.06% of their portfolio MIAMI, FL 3,569,1843.6m $73.7m $73.7m 0.06% Reduced -857.5k -857,470
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 3,454,3783.5m $71.4m $71.4m 0.05% Added +2.1m +2,084,966
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,166,0213.2m $65.4m $65.4m 0.00% Reduced -351.8k -351,831
6 Harding Loevner LP 0.41% of their portfolio Bridgewater, NJ 2,923,4392.9m $60.4m $60.4m 0.41% Added +42.6k +42,613
7 RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio NEW YORK, NY 2,766,7502.8m $57.2m $57.2m 0.08% Added +504.4k +504,400
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,697,1352.7m $55.7m $55.7m 0.00% Reduced -141.8k -141,793
9 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 1,907,2841.9m $39.4m $39.4m 0.05% Reduced -274.2k -274,226
10 TWO SIGMA ADVISERS, LP 0.08% of their portfolio NEW YORK, NY 1,821,0001.8m $37.6m $37.6m 0.08% Reduced -152.7k -152,700
11 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 1,770,3101.8m $36.6m $36.6m 0.03% Added +60.5k +60,504
12 Brandywine Global Investment Management, LLC 0.25% of their portfolio PHILADELPHIA, PA 1,744,7691.7m $36.0m $36.0m 0.25% Added +27.4k +27,372
13 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 1,618,5441.6m $33.4m $33.4m 0.06% Reduced -281.2k -281,222
14 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio JUPITER, FL 949,178949.2k $19.6m $19.6m 0.07% Reduced -364.1k -364,107
15 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 934,067934.1k $19.3m $19.3m 0.02% Reduced -146.1k -146,062
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 933,309933.3k $19.3m $19.3m 0.00% Added +135.8k +135,814
17 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 889,275889.3k $18.4m $18.4m 0.00% Added +180.9k +180,924
18 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 803,602803.6k $16.6m $16.6m 0.00% Added +178.5k +178,489
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 749,603749.6k $15.5m $15.5m 0.00% Added +13.3k +13,277
20 FMR LLC 0.00% of their portfolio BOSTON, MA 680,533680.5k $14.1m $14.1m 0.00% Added +195.7k +195,687
21 Avidity Partners Management LP 2.69% of their portfolio DALLAS, TX 650,000650.0k $13.4m $13.4m 2.69% New
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 567,795567.8k $11.7m $11.7m 0.00% Reduced -115.3k -115,253
23 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 538,500538.5k $11.1m $11.1m 0.03% Reduced -385.4k -385,367
24 Woodline Partners LP 0.05% of their portfolio San Francisco, CA 493,506493.5k $10.2m $10.2m 0.05% New
25 UBS Group AG 0.00% of their portfolio ZURICH, V8 484,867484.9k $10.0m $10.0m 0.00% Reduced -56.1k -56,135
26 Point72 Europe (London) LLP 0.50% of their portfolio LONDON, X0 471,700471.7k $9.7m $9.7m 0.50% New
27 ABC ARBITRAGE SA 1.05% of their portfolio PARIS, I0 447,055447.1k $9.2m $9.2m 1.05% New
28 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 386,296386.3k $8.0m $8.0m 0.01% Reduced -482.5k -482,534
29 Cubist Systematic Strategies, LLC 0.09% of their portfolio STAMFORD, CT 384,546384.5k $7.9m $7.9m 0.09% Reduced -873.6k -873,597
30 Trexquant Investment LP 0.08% of their portfolio STAMFORD, CT 363,114363.1k $7.5m $7.5m 0.08% Reduced -104.1k -104,071
31 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 360,489360.5k $7.4m $7.4m 0.01% Added +219.7k +219,655
32 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 308,437308.4k $6.4m $6.4m 0.00% Reduced -75.5k -75,454
33 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 300,000300.0k $6.2m $6.2m 0.04% Reduced -5.0k -5,000
34 OPPENHEIMER ASSET MANAGEMENT INC. 0.06% of their portfolio NEW YORK, NY 254,551254.6k $5.3m $5.3m 0.06% Added +5.1k +5,083
35 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 250,829250.8k $5.2m $5.2m 0.00% Added +46.5k +46,455
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 234,576234.6k $4.8m $4.8m 0.00% Added +114.0k +114,011
37 CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio PARIS, I0 226,584226.6k $4.7m $4.7m 0.05% Added +119.1k +119,061
38 EAGLE GLOBAL ADVISORS LLC 0.18% of their portfolio Houston, TX 210,295210.3k $4.3m $4.3m 0.18% Added +1.0k +1,000
39 TANG CAPITAL MANAGEMENT LLC 0.21% of their portfolio SAN DIEGO, CA 200,000200.0k $4.1m $4.1m 0.21% Unchanged
40 FOLKETRYGDFONDET 0.08% of their portfolio OSLO, Q8 172,796172.8k $3.6m $3.6m 0.08% Added +2.4k +2,411
41 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 168,647168.6k $3.5m $3.5m 0.02% Added +104.7k +104,662
42 AIMZ Investment Advisors, LLC 1.15% of their portfolio LOS ALTOS, CA 165,880165.9k $3.4m $3.4m 1.15% Reduced -1.9k -1,900
43 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.09% of their portfolio CHICAGO, IL 158,719158.7k $3.3m $3.3m 0.09% Added +86.8k +86,842
44 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 158,132158.1k $3.3m $3.3m 0.01% Added +62.2k +62,226
45 Optiver Holding B.V. 0.09% of their portfolio AMSTERDAM, P7 155,954156.0k $3.2m $3.2m 0.09% New
46 SUMMIT SECURITIES GROUP LLC 1.13% of their portfolio NEW YORK, NY 152,832152.8k $3.2m $3.2m 1.13% New
47 Private Wealth Advisors, LLC 1.20% of their portfolio Fresno, CA 148,336148.3k $3.1m $3.1m 1.20% New
48 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 130,445130.4k $2.7m $2.7m 0.00% Added +1.9k +1,920
49 NEOS Investment Management LLC 0.03% of their portfolio Westport, CT 130,217130.2k $2.7m $2.7m 0.03% Added +27.5k +27,468
50 Tema ETFs LLC 0.71% of their portfolio New York, NY 130,217130.2k $2.7m $2.7m 0.71% Added +27.5k +27,468
51 INGALLS & SNYDER LLC 0.09% of their portfolio NEW YORK, NY 119,484119.5k $2.5m $2.5m 0.09% Reduced -29.8k -29,831
52 GTS SECURITIES LLC 0.11% of their portfolio NEW YORK, NY 114,743114.7k $2.4m $2.4m 0.11% New
53 Campbell & CO Investment Adviser LLC 0.14% of their portfolio BALTIMORE, MD 107,217107.2k $2.2m $2.2m 0.14% Added +79.9k +79,945
54 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 94,23394.2k $1.9m $1.9m 0.00% Added +81.4k +81,434
55 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 88,15888.2k $1.8m $1.8m 0.00% Reduced -19.4k -19,395
56 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 87,47187.5k $1.8m $1.8m 0.00% Added +67.5k +67,456
57 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 78,15178.2k $1.6m $1.6m 0.02% Reduced -11.2k -11,216
58 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 76,49176.5k $1.6m $1.6m 0.00% Added +28.6k +28,617
59 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 71,63571.6k $1.5m $1.5m 0.01% Reduced -759 -759
60 QRG CAPITAL MANAGEMENT, INC. 0.01% of their portfolio BERWYN, PA 65,90265.9k $1.4m $1.4m 0.01% Reduced -8.9k -8,945
61 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 65,13265.1k $1.3m $1.3m 0.00% Added +6.9k +6,870
62 LEVEL FOUR ADVISORY SERVICES, LLC 0.05% of their portfolio DALLAS, TX 64,92564.9k $1.3m $1.3m 0.05% Added +12.9k +12,888
63 Madison Asset Management, LLC 0.01% of their portfolio MADISON, WI 62,93062.9k $1.3m $1.3m 0.01% Added +567 +567
64 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 62,11162.1k $1.3m $1.3m 0.00% Added +955 +955
65 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 56,71456.7k $1.2m $1.2m 0.00% New
66 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 56,20256.2k $1.2m $1.2m 0.00% Added +2.7k +2,653
67 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 53,10553.1k $1.1m $1.1m 0.00% Added +2.3k +2,284
68 Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio TOKYO, M0 52,87252.9k $1.1m $1.1m 0.00% Added +41.7k +41,725
69 Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio OAKLAND, CA 52,68452.7k $1.1m $1.1m 0.01% Added +10.4k +10,426
70 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 48,13948.1k $994.6k $994.6k 0.00% Reduced -164.2k -164,185
71 Foresight Group Ltd Liability Partnership 1.41% of their portfolio London, X0 48,00748.0k $9.9m $9.9m 1.41% Reduced -718 -718
72 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 47,09347.1k $972.9k $972.9k 0.00% Added +2.8k +2,803
73 Legacy Wealth Asset Management, LLC 0.25% of their portfolio WOODBURY, MN 47,01847.0k $971.4k $971.4k 0.25% Reduced -2.3k -2,349
74 Tower Research Capital LLC (TRC) 0.03% of their portfolio NEW YORK, NY 46,65346.7k $963.9k $963.9k 0.03% Added +45.6k +45,618
75 Crossmark Global Holdings, Inc. 0.01% of their portfolio HOUSTON, TX 41,81341.8k $863.9k $863.9k 0.01% Reduced -3.0k -3,034
76 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 41,42541.4k $855.8k $855.8k 0.00% Reduced -726 -726
77 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 40,05640.1k $827.6k $827.6k 0.00% Reduced -453 -453
78 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 38,57638.6k $797.0k $797.0k 0.00% Reduced -8.2k -8,150
79 GRANDFIELD & DODD, LLC 0.05% of their portfolio NEW YORK, NY 38,50338.5k $795.5k $795.5k 0.05% Reduced -1.4k -1,390
80 Mariner, LLC 0.00% of their portfolio Overland Park, KS 37,15337.2k $767.6k $767.6k 0.00% Reduced -3.9k -3,906
81 Jain Global LLC 0.01% of their portfolio NEW YORK, NY 35,28135.3k $728.9k $728.9k 0.01% Added +12.7k +12,728
82 Scientech Research LLC 0.18% of their portfolio JERSEY CITY, NJ 35,07735.1k $724.7k $724.7k 0.18% Added +466 +466
83 SYNOVUS FINANCIAL CORP 0.01% of their portfolio Columbus, GA 34,79834.8k $718.9k $718.9k 0.01% Added +2.5k +2,457
84 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 33,82633.8k $698.8k $698.8k 0.00% Added +2.1k +2,147
85 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 32,46732.5k $670.8k $670.8k 0.00% Reduced -17.7k -17,692
86 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 31,91031.9k $659.3k $659.3k 0.00% Reduced -1.1k -1,100
87 Callan Family Office, LLC 0.02% of their portfolio RADNOR, PA 31,68131.7k $654.5k $654.5k 0.02% New
88 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 31,48231.5k $650.4k $650.4k 0.01% Added +19.1k +19,105
89 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 31,14631.1k $643.5k $643.5k 0.00% Added +10.1k +10,113
90 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 30,56530.6k $631.5k $631.5k 0.01% Reduced -475 -475
91 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 30,39430.4k $627.9k $627.9k 0.00% New
92 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 30,15430.2k $623.0k $623.0k 0.00% Reduced -1.1k -1,055
93 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 29,96330.0k $619.0k $619.0k 0.00% New
94 Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio HONG KONG, K3 29,32929.3k $605.9k $605.9k 0.01% Reduced -3.1k -3,147
95 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 28,86428.9k $596.3k $596.3k 0.00% Added +295 +295
96 QUADRANT CAPITAL GROUP LLC 0.02% of their portfolio CINCINNATI, OH 27,51827.5k $568.5k $568.5k 0.02% Reduced -2.2k -2,245
97 VIRTUS ADVISERS, LLC 0.35% of their portfolio HARTFORD, CT 27,49527.5k $568.0k $568.0k 0.35% New
98 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 27,12727.1k $560.4k $560.4k 0.00% Added +111 +111
99 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 26,52626.5k $548.0k $548.0k 0.00% Reduced -2.5k -2,463
100 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 25,86225.9k $534.3k $534.3k 0.00% New