Vault-13

GENMAB A/S GMAB

SPONSORED ADS · ADR · CUSIP 372303206

276 institutional holders -18 vs Q4 2025
81,764,47981.8m shares reported held*
$2.2bnreported value*
42 new 105 added 95 reduced 59 sold out net bought ≈ $293.9m (+9.6m 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 ($3.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.29. Options: 7 managers hold calls ($16.0m notional), 3 hold puts ($976.6k).

Trends to Q1 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: 276276Q3 22Q3 23Q3 24Q3 25Q1 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

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 92 bought or addedQ2 24: 128 cut or sold outQ3 24: 124 bought or addedQ3 24: 89 cut or sold outQ3 24Q4 24: 115 bought or addedQ4 24: 117 cut or sold outQ1 25: 122 bought or addedQ1 25: 108 cut or sold outQ1 25Q2 25: 117 bought or addedQ2 25: 111 cut or sold outQ3 25: 164 bought or addedQ3 25: 90 cut or sold outQ3 25Q4 25: 184 bought or addedQ4 25: 84 cut or sold outQ1 26: 147 bought or addedQ1 26: 154 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202492128
Q3 202412489
Q4 2024115117
Q1 2025122108
Q2 2025117111
Q3 202516490
Q4 202518484
Q1 2026147154

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 25 calls: $1.1mQ2 25 puts: $1.7mQ2 25P/C 1.57Q3 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 0.06
Numbers
QuarterCallsPutsP/C
Q2 2025$1.1m$1.7m1.57
Q3 2025$2.4m$557.9k0.23
Q4 2025$3.3m$2.5m0.76
Q1 2026$16.0m$976.6k0.06

Biggest buyers

Deep Track Capital, LP New +3,663,250+3.7m
DEERFIELD MANAGEMENT COMPANY, L.P. New +2,462,000+2.5m
TWO SIGMA INVESTMENTS, LP Added +1,443,589+1.4m
FRANKLIN RESOURCES INC Added +1,162,495+1.2m
FIRST TRUST ADVISORS LP Added +1,126,069+1.1m
Paradigm Biocapital Advisors LP Added +928,002+928.0k
RENAISSANCE TECHNOLOGIES LLC Added +921,700+921.7k
Sofinnova Investments, Inc. New +752,261+752.3k
MILLENNIUM MANAGEMENT LLC Added +697,720+697.7k
Qube Research & Technologies Ltd Added +637,891+637.9k

Biggest sellers

Orbis Allan Gray Ltd Reduced -1,492,884-1.5m
ALLIANCEBERNSTEIN L.P. Reduced -1,319,945-1.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -612,323-612.3k
GOLDMAN SACHS GROUP INC Reduced -402,044-402.0k
Balyasny Asset Management L.P. Sold out -379,364-379.4k
Woodline Partners LP Sold out -369,188-369.2k
MARSHALL WACE, LLP Reduced -343,440-343.4k
TWO SIGMA ADVISERS, LP Sold out -340,000-340.0k
LPL Financial LLC Reduced -249,381-249.4k
NEOS Investment Management LLC Sold out -140,733-140.7k

Biggest calls

CITADEL ADVISORS LLC Added $4.6m172.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m106.8k shares
JANE STREET GROUP, LLC Added $2.8m105.1k shares
SIMPLEX TRADING, LLC Added $2.7m102.2k shares
GROUP ONE TRADING LLC Added $1.3m48.7k shares
IMC-Chicago, LLC Added $818.3k30.5k shares
Walleye Capital LLC New $778.1k29.0k shares

Biggest puts

GROUP ONE TRADING LLC Reduced $665.4k24.8k shares
JANE STREET GROUP, LLC Reduced $289.8k10.8k shares
SIMPLEX TRADING, LLC Reduced $21.5k800 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 Q1 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 in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Orbis Allan Gray Ltd 1.46% of their portfolio HamiltoN, D0 12,925,57812.9m $346.8m $346.8m 1.46% Reduced -1.5m -1,492,884
2 ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio NASHVILLE, TN 9,557,1499.6m $294.4m $294.4m 0.10% Reduced -1.3m -1,319,945
3 Paradigm Biocapital Advisors LP 4.37% of their portfolio NEW YORK, NY 7,967,8368.0m $213.8m $213.8m 4.37% Added +928.0k +928,002
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio BOSTON, MA 4,975,3245.0m $133.5m $133.5m 0.07% Reduced -2.7k -2,734
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,536,5654.5m $121.7m $121.7m 0.00% Reduced -57.3k -57,336
6 RENAISSANCE TECHNOLOGIES LLC 0.19% of their portfolio NEW YORK, NY 4,414,5504.4m $118.4m $118.4m 0.19% Added +921.7k +921,700
7 Deep Track Capital, LP 2.03% of their portfolio GREENWICH, CT 3,663,2503.7m $98.3m $98.3m 2.03% New
8 Harding Loevner LP 0.89% of their portfolio Bridgewater, NJ 3,231,6013.2m $86.7m $86.7m 0.89% Reduced -138.5k -138,542
9 DEERFIELD MANAGEMENT COMPANY, L.P. 0.78% of their portfolio New York, NY 2,462,0002.5m $66.1m $66.1m 0.78% New
10 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 2,461,3422.5m $66.0m $66.0m 0.05% Added +1.1m +1,126,069
11 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 2,339,4322.3m $62.8m $62.8m 0.05% Added +1.4m +1,443,589
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,184,7012.2m $58.6m $58.6m 0.00% Added +350.3k +350,262
13 FEDERATED HERMES, INC. 0.05% of their portfolio PITTSBURGH, PA 1,251,5901.3m $33.6m $33.6m 0.05% Added +572.2k +572,211
14 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 1,193,1451.2m $32.0m $32.0m 0.01% Added +1.2m +1,162,495
15 Pictet Asset Management Holding SA 0.03% of their portfolio CAROUGE, V8 1,077,4711.1m $28.9m $28.9m 0.03% Reduced -21.1k -21,079
16 FMR LLC 0.00% of their portfolio BOSTON, MA 1,011,7261.0m $27.1m $27.1m 0.00% Reduced -45.6k -45,614
17 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 950,534950.5k $25.5m $25.5m 0.00% Reduced -6.5k -6,495
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 931,259931.3k $25.0m $25.0m 0.00% Reduced -402.0k -402,044
19 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 862,301862.3k $23.1m $23.1m 0.01% Added +55.7k +55,666
20 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 797,068797.1k $21.4m $21.4m 0.02% Added +86.5k +86,481
21 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 792,293792.3k $21.3m $21.3m 0.02% Added +697.7k +697,720
22 Perpetual Ltd 0.31% of their portfolio SYDNEY, NEW SOUTH WALES, C3 758,503758.5k $20.4m $20.4m 0.31% Reduced -68.7k -68,714
23 Sofinnova Investments, Inc. 1.01% of their portfolio Menlo Park, CA 752,261752.3k $20.2m $20.2m 1.01% New
24 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 677,346677.3k $18.2m $18.2m 0.03% Added +637.9k +637,891
25 Alyeska Investment Group, L.P. 0.05% of their portfolio CHICAGO, IL 645,481645.5k $17.3m $17.3m 0.05% Added +138.8k +138,820
26 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 538,944538.9k $14.5m $14.5m 0.01% Added +107.4k +107,392
27 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 488,266488.3k $13.1m $13.1m 0.02% Added +121.0k +120,984
28 OPPENHEIMER ASSET MANAGEMENT INC. 0.14% of their portfolio NEW YORK, NY 457,508457.5k $12.3m $12.3m 0.14% Added +92.8k +92,752
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 319,592319.6k $8.6m $8.6m 0.00% Added +285.4k +285,440
30 Hudson Bay Capital Management LP 0.05% of their portfolio STAMFORD, CT 310,000310.0k $8.3m $8.3m 0.05% Reduced -15.0k -15,000
31 UBS Group AG 0.00% of their portfolio ZURICH, V8 298,132298.1k $8.0m $8.0m 0.00% Added +113.9k +113,941
32 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 282,498282.5k $7.6m $7.6m 0.01% Added +35.6k +35,588
33 EAGLE GLOBAL ADVISORS LLC 0.24% of their portfolio Houston, TX 244,565244.6k $6.6m $6.6m 0.24% Reduced -4.7k -4,745
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 241,520241.5k $6.5m $6.5m 0.00% Reduced -98.4k -98,397
35 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 227,587227.6k $6.1m $6.1m 0.00% Added +179.9k +179,949
36 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 224,144224.1k $6.0m $6.0m 0.01% Reduced -9.7k -9,708
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 222,607222.6k $5.7m $5.7m 0.00% Reduced -5.9k -5,881
38 MOORE CAPITAL MANAGEMENT, LP 0.21% of their portfolio NEW YORK, NY 211,705211.7k $5.7m $5.7m 0.21% New
39 SUPERSTRING CAPITAL MANAGEMENT LP 3.77% of their portfolio NEW YORK, NY 196,709196.7k $5.3m $5.3m 3.77% Added +167.5k +167,547
40 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 188,637188.6k $5.1m $5.1m 0.00% Reduced -249.4k -249,381
41 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 184,124184.1k $4.9m $4.9m 0.02% New
42 AIMZ Investment Advisors, LLC 1.33% of their portfolio LOS ALTOS, CA 160,910160.9k $4.3m $4.3m 1.33% Reduced -2.4k -2,400
43 FOLKETRYGDFONDET 0.08% of their portfolio OSLO, Q8 160,773160.8k $4.3m $4.3m 0.08% Reduced -14.0k -14,032
44 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 150,135150.1k $4.0m $4.0m 0.00% Added +2.6k +2,637
45 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 127,571127.6k $3.4m $3.4m 0.00% Added +16.8k +16,772
46 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 118,596118.6k $3.2m $3.2m 0.00% Reduced -12.0k -11,987
47 Avidity Partners Management LP 0.29% of their portfolio DALLAS, TX 100,000100.0k $2.7m $2.7m 0.29% Added +8.0k +8,000
48 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 98,43298.4k $2.6m $2.6m 0.00% New
49 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 95,54895.5k $2.6m $2.6m 0.00% Reduced -33.8k -33,795
50 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 93,01293.0k $2.5m $2.5m 0.00% Added +18.1k +18,055
51 SummitTX Capital, L.P. 0.07% of their portfolio FORT WORTH, TX 84,35484.4k $2.3m $2.3m 0.07% New
52 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 83,27983.3k $2.2m $2.2m 0.00% Added +1.1k +1,052
53 Ishara Investments LP 2.22% of their portfolio LOS ANGELES, CA 82,00082.0k $2.2m $2.2m 2.22% Added +12.0k +12,000
54 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 81,42081.4k $2.2m $2.2m 0.00% Reduced -2.5k -2,504
55 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 79,10579.1k $2.1m $2.1m 0.00% Added +39.2k +39,174
56 INGALLS & SNYDER LLC 0.07% of their portfolio NEW YORK, NY 72,89172.9k $2.0m $2.0m 0.07% Reduced -214 -214
57 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 70,98071.0k $1.9m $1.9m 0.00% Reduced -12.1k -12,141
58 Madison Asset Management, LLC 0.02% of their portfolio MADISON, WI 70,97071.0k $1.9m $1.9m 0.02% Added +4.5k +4,479
59 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 66,90266.9k $1.8m $1.8m 0.00% Added +19.0k +19,046
60 QRG CAPITAL MANAGEMENT, INC. 0.02% of their portfolio BERWYN, PA 65,82265.8k $1.8m $1.8m 0.02% Added +4.6k +4,561
61 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 65,13065.1k $1.7m $1.7m 0.00% Added +18.4k +18,369
62 Dorsey Wright & Associates 0.21% of their portfolio PASADENA, CA 64,38864.4k $1.7m $1.7m 0.21% Added +19.6k +19,551
63 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 61,92461.9k $1.7m $1.7m 0.00% Added +434 +434
64 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 59,30659.3k $1.6m $1.6m 0.02% Reduced -50.1k -50,052
65 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 58,92158.9k $1.6m $1.6m 0.00% Added +2.4k +2,442
66 Vanguard Personalized Indexing Management, LLC 0.02% of their portfolio OAKLAND, CA 57,29257.3k $1.5m $1.5m 0.02% Reduced -16.4k -16,362
67 LEVEL FOUR ADVISORY SERVICES, LLC 0.05% of their portfolio DALLAS, TX 57,02357.0k $1.5m $1.5m 0.05% Reduced -4.0k -4,004
68 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 56,43856.4k $1.5m $1.5m 0.00% Added +815 +815
69 Mariner, LLC 0.00% of their portfolio Overland Park, KS 56,30956.3k $1.5m $1.5m 0.00% Added +509 +509
70 CAPITAL FUND MANAGEMENT S.A. 0.01% of their portfolio PARIS, I0 55,39955.4k $1.5m $1.5m 0.01% New
71 Callan Family Office, LLC 0.03% of their portfolio RADNOR, PA 55,04755.0k $1.5m $1.5m 0.03% Reduced -1.0k -1,025
72 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 53,96254.0k $1.4m $1.4m 0.00% Reduced -3.0k -2,959
73 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 52,68852.7k $1.4m $1.4m 0.00% Reduced -164 -164
74 Advisors Preferred, LLC 0.20% of their portfolio ROCKVILLE, MD 50,72050.7k $1.4m $1.4m 0.20% New
75 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 48,37948.4k $1.3m $1.3m 0.01% Added +8.7k +8,672
76 Pinnacle Financial Partners, Inc. 0.01% of their portfolio ATLANTA, GA 47,44147.4k $1.3m $1.3m 0.01% Added +126 +126
77 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 47,37147.4k $1.3m $1.3m 0.00% Reduced -1.3k -1,296
78 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 46,70946.7k $1.3m $1.3m 0.02% Added +11.1k +11,112
79 DIVERSIFY WEALTH MANAGEMENT, LLC 0.02% of their portfolio SANDY, UT 46,56446.6k $1.2m $1.2m 0.02% New
80 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 45,41645.4k $1.2m $1.2m 0.01% Added +3.0k +2,954
81 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 44,90144.9k $1.2m $1.2m 0.01% Added +140 +140
82 Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio HONG KONG, K3 44,66844.7k $1.2m $1.2m 0.02% New
83 Terra Nova Asset Management LLC 0.85% of their portfolio NEW YORK, NY 42,64442.6k $1.1m $1.1m 0.85% Reduced -18.0k -17,956
84 BAROMETER CAPITAL MANAGEMENT INC. 0.39% of their portfolio TORONTO, A6 42,40042.4k $1.1m $1.1m 0.39% Added +37.9k +37,900
85 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 42,05742.1k $1.1m $1.1m 0.00% Added +3.6k +3,584
86 BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 40,04840.0k $1.1m $1.1m 0.02% New
87 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 39,70239.7k $1.1m $1.1m 0.00% Reduced -891 -891
88 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 39,56239.6k $1.1m $1.1m 0.00% Added +2.5k +2,500
89 Legacy Wealth Asset Management, LLC 0.25% of their portfolio WOODBURY, MN 38,68038.7k $1.0m $1.0m 0.25% Added +16.7k +16,652
90 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 38,23038.2k $1.0m $1.0m 0.00% Reduced -1.0k -1,019
91 GRANDFIELD & DODD, LLC 0.06% of their portfolio NEW YORK, NY 37,16337.2k $997.1k $997.1k 0.06% Reduced -935 -935
92 Integrated Quantitative Investments LLC 0.18% of their portfolio BELLEVUE, WA 36,35536.4k $975.4k $975.4k 0.18% New
93 Brooklyn Investment Group 0.03% of their portfolio NEW YORK, NY 35,82335.8k $961.1k $961.1k 0.03% Added +6.6k +6,637
94 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 34,53334.5k $926.5k $926.5k 0.00% New
95 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 33,39933.4k $896.1k $896.1k 0.01% Reduced -46.5k -46,452
96 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 32,64432.6k $875.8k $875.8k 0.00% Added +26.5k +26,548
97 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 30,94330.9k $830.2k $830.2k 0.00% Reduced -7.3k -7,296
98 AdvisorShares Investments LLC 0.15% of their portfolio BETHESDA, MD 30,85330.9k $827.8k $827.8k 0.15% Added +653 +653
99 VIRTUS ADVISERS, LLC 0.38% of their portfolio HARTFORD, CT 30,83030.8k $827.2k $827.2k 0.38% Added +3.3k +3,335
100 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 30,53030.5k $819.1k $819.1k 0.00% Reduced -5.2k -5,204