GENMAB A/S GMAB
SPONSORED ADS · ADR · CUSIP 372303206
- SectorHealth care
- IndustryPharmaceutical Preparations
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 194 |
| Q4 2022 | 238 |
| Q1 2023 | 217 |
| Q2 2023 | 215 |
| Q3 2023 | 236 |
| Q4 2023 | 227 |
| Q1 2024 | 228 |
| Q2 2024 | 221 |
| Q3 2024 | 225 |
| Q4 2024 | 230 |
| Q1 2025 | 222 |
| Q2 2025 | 219 |
| Q3 2025 | 254 |
| Q4 2025 | 294 |
| Q1 2026 | 276 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 92 | 128 |
| Q3 2024 | 124 | 89 |
| Q4 2024 | 115 | 117 |
| Q1 2025 | 122 | 108 |
| Q2 2025 | 117 | 111 |
| Q3 2025 | 164 | 90 |
| Q4 2025 | 184 | 84 |
| Q1 2026 | 147 | 154 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.1m | $1.7m | 1.57 |
| Q3 2025 | $2.4m | $557.9k | 0.23 |
| Q4 2025 | $3.3m | $2.5m | 0.76 |
| Q1 2026 | $16.0m | $976.6k | 0.06 |
Biggest buyers
| Deep Track Capital, LP | New | +3.7m |
| DEERFIELD MANAGEMENT COMPANY, L.P. | New | +2.5m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.4m |
| FRANKLIN RESOURCES INC | Added | +1.2m |
| FIRST TRUST ADVISORS LP | Added | +1.1m |
| Paradigm Biocapital Advisors LP | Added | +928.0k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +921.7k |
| Sofinnova Investments, Inc. | New | +752.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +697.7k |
| Qube Research & Technologies Ltd | Added | +637.9k |
Biggest sellers
| Orbis Allan Gray Ltd | Reduced | -1.5m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -1.3m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -612.3k |
| GOLDMAN SACHS GROUP INC | Reduced | -402.0k |
| Balyasny Asset Management L.P. | Sold out | -379.4k |
| Woodline Partners LP | Sold out | -369.2k |
| MARSHALL WACE, LLP | Reduced | -343.4k |
| TWO SIGMA ADVISERS, LP | Sold out | -340.0k |
| LPL Financial LLC | Reduced | -249.4k |
| NEOS Investment Management LLC | Sold out | -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.
| Holder | Stake |
|---|---|
| Darwin Global Management, Ltd. 13G · passive investor new · filed 2026-10-05 | 5.9% |
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
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 1.46% of their portfolio | 12.9m $346.8m | Reduced -1.5m |
| ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio | 9.6m $294.4m | Reduced -1.3m |
| Paradigm Biocapital Advisors LP 4.37% of their portfolio | 8.0m $213.8m | Added +928.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 5.0m $133.5m | Reduced -2.7k |
| BlackRock, Inc. 0.00% of their portfolio | 4.5m $121.7m | Reduced -57.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.19% of their portfolio | 4.4m $118.4m | Added +921.7k |
| Deep Track Capital, LP 2.03% of their portfolio | 3.7m $98.3m | New |
| Harding Loevner LP 0.89% of their portfolio | 3.2m $86.7m | Reduced -138.5k |
| DEERFIELD MANAGEMENT COMPANY, L.P. 0.78% of their portfolio | 2.5m $66.1m | New |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 2.5m $66.0m | Added +1.1m |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 2.3m $62.8m | Added +1.4m |
| MORGAN STANLEY 0.00% of their portfolio | 2.2m $58.6m | Added +350.3k |
| FEDERATED HERMES, INC. 0.05% of their portfolio | 1.3m $33.6m | Added +572.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.2m $32.0m | Added +1.2m |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 1.1m $28.9m | Reduced -21.1k |
| FMR LLC 0.00% of their portfolio | 1.0m $27.1m | Reduced -45.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 950.5k $25.5m | Reduced -6.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 931.3k $25.0m | Reduced -402.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 862.3k $23.1m | Added +55.7k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 797.1k $21.4m | Added +86.5k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 792.3k $21.3m | Added +697.7k |
| Perpetual Ltd 0.31% of their portfolio | 758.5k $20.4m | Reduced -68.7k |
| Sofinnova Investments, Inc. 1.01% of their portfolio | 752.3k $20.2m | New |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 677.3k $18.2m | Added +637.9k |
| Alyeska Investment Group, L.P. 0.05% of their portfolio | 645.5k $17.3m | Added +138.8k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 538.9k $14.5m | Added +107.4k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 488.3k $13.1m | Added +121.0k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.14% of their portfolio | 457.5k $12.3m | Added +92.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 319.6k $8.6m | Added +285.4k |
| Hudson Bay Capital Management LP 0.05% of their portfolio | 310.0k $8.3m | Reduced -15.0k |
| UBS Group AG 0.00% of their portfolio | 298.1k $8.0m | Added +113.9k |
| Quantinno Capital Management LP 0.01% of their portfolio | 282.5k $7.6m | Added +35.6k |
| EAGLE GLOBAL ADVISORS LLC 0.24% of their portfolio | 244.6k $6.6m | Reduced -4.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 241.5k $6.5m | Reduced -98.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 227.6k $6.1m | Added +179.9k |
| ASSETMARK, INC 0.01% of their portfolio | 224.1k $6.0m | Reduced -9.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 222.6k $5.7m | Reduced -5.9k |
| MOORE CAPITAL MANAGEMENT, LP 0.21% of their portfolio | 211.7k $5.7m | New |
| SUPERSTRING CAPITAL MANAGEMENT LP 3.77% of their portfolio | 196.7k $5.3m | Added +167.5k |
| LPL Financial LLC 0.00% of their portfolio | 188.6k $5.1m | Reduced -249.4k |
| Tidal Investments LLC 0.02% of their portfolio | 184.1k $4.9m | New |
| AIMZ Investment Advisors, LLC 1.33% of their portfolio | 160.9k $4.3m | Reduced -2.4k |
| FOLKETRYGDFONDET 0.08% of their portfolio | 160.8k $4.3m | Reduced -14.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 150.1k $4.0m | Added +2.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 127.6k $3.4m | Added +16.8k |
| Creative Planning 0.00% of their portfolio | 118.6k $3.2m | Reduced -12.0k |
| Avidity Partners Management LP 0.29% of their portfolio | 100.0k $2.7m | Added +8.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 98.4k $2.6m | New |
| US BANCORP \DE\ 0.00% of their portfolio | 95.5k $2.6m | Reduced -33.8k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 93.0k $2.5m | Added +18.1k |
| SummitTX Capital, L.P. 0.07% of their portfolio | 84.4k $2.3m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 83.3k $2.2m | Added +1.1k |
| Ishara Investments LP 2.22% of their portfolio | 82.0k $2.2m | Added +12.0k |
| Cetera Investment Advisers 0.00% of their portfolio | 81.4k $2.2m | Reduced -2.5k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 79.1k $2.1m | Added +39.2k |
| INGALLS & SNYDER LLC 0.07% of their portfolio | 72.9k $2.0m | Reduced -214 |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 71.0k $1.9m | Reduced -12.1k |
| Madison Asset Management, LLC 0.02% of their portfolio | 71.0k $1.9m | Added +4.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 66.9k $1.8m | Added +19.0k |
| QRG CAPITAL MANAGEMENT, INC. 0.02% of their portfolio | 65.8k $1.8m | Added +4.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 65.1k $1.7m | Added +18.4k |
| Dorsey Wright & Associates 0.21% of their portfolio | 64.4k $1.7m | Added +19.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 61.9k $1.7m | Added +434 |
| Vestmark Advisory Solutions, Inc. 0.02% of their portfolio | 59.3k $1.6m | Reduced -50.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 58.9k $1.6m | Added +2.4k |
| Vanguard Personalized Indexing Management, LLC 0.02% of their portfolio | 57.3k $1.5m | Reduced -16.4k |
| LEVEL FOUR ADVISORY SERVICES, LLC 0.05% of their portfolio | 57.0k $1.5m | Reduced -4.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 56.4k $1.5m | Added +815 |
| Mariner, LLC 0.00% of their portfolio | 56.3k $1.5m | Added +509 |
| CAPITAL FUND MANAGEMENT S.A. 0.01% of their portfolio | 55.4k $1.5m | New |
| Callan Family Office, LLC 0.03% of their portfolio | 55.0k $1.5m | Reduced -1.0k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 54.0k $1.4m | Reduced -3.0k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 52.7k $1.4m | Reduced -164 |
| Advisors Preferred, LLC 0.20% of their portfolio | 50.7k $1.4m | New |
| Vident Advisory, LLC 0.01% of their portfolio | 48.4k $1.3m | Added +8.7k |
| Pinnacle Financial Partners, Inc. 0.01% of their portfolio | 47.4k $1.3m | Added +126 |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 47.4k $1.3m | Reduced -1.3k |
| XTX Topco Ltd 0.02% of their portfolio | 46.7k $1.3m | Added +11.1k |
| DIVERSIFY WEALTH MANAGEMENT, LLC 0.02% of their portfolio | 46.6k $1.2m | New |
| Atria Investments, Inc 0.01% of their portfolio | 45.4k $1.2m | Added +3.0k |
| DAVENPORT & Co LLC 0.01% of their portfolio | 44.9k $1.2m | Added +140 |
| Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio | 44.7k $1.2m | New |
| Terra Nova Asset Management LLC 0.85% of their portfolio | 42.6k $1.1m | Reduced -18.0k |
| BAROMETER CAPITAL MANAGEMENT INC. 0.39% of their portfolio | 42.4k $1.1m | Added +37.9k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 42.1k $1.1m | Added +3.6k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio | 40.0k $1.1m | New |
| Cerity Partners LLC 0.00% of their portfolio | 39.7k $1.1m | Reduced -891 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 39.6k $1.1m | Added +2.5k |
| Legacy Wealth Asset Management, LLC 0.25% of their portfolio | 38.7k $1.0m | Added +16.7k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 38.2k $1.0m | Reduced -1.0k |
| GRANDFIELD & DODD, LLC 0.06% of their portfolio | 37.2k $997.1k | Reduced -935 |
| Integrated Quantitative Investments LLC 0.18% of their portfolio | 36.4k $975.4k | New |
| Brooklyn Investment Group 0.03% of their portfolio | 35.8k $961.1k | Added +6.6k |
| Squarepoint Ops LLC 0.00% of their portfolio | 34.5k $926.5k | New |
| Quadrature Capital Ltd 0.01% of their portfolio | 33.4k $896.1k | Reduced -46.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 32.6k $875.8k | Added +26.5k |
| CITIGROUP INC 0.00% of their portfolio | 30.9k $830.2k | Reduced -7.3k |
| AdvisorShares Investments LLC 0.15% of their portfolio | 30.9k $827.8k | Added +653 |
| VIRTUS ADVISERS, LLC 0.38% of their portfolio | 30.8k $827.2k | Added +3.3k |
| KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio | 30.5k $819.1k | Reduced -5.2k |