Vault-13

NOVAVAX INC NVAX 5 12.15.27

NOTE 5.000%12/1 · US DOMESTIC · CUSIP 670002AD6

5 institutional holders +1 vs Q1 2026
$26.4mprincipal reported held*
$31.5mreported value*
1 new 0 added 1 reduced 0 sold out net bought ≈ $0

* 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. Holder counts are more reliable.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01020Q1 24: 17Q2 24: 13Q3 24: 12Q4 24: 13Q1 25: 11Q2 25: 12Q3 25: 4Q4 25: 5Q1 26: 4Q2 26: 55Q1 24Q3 24Q1 25Q3 25Q1 26Q2 26
Numbers
QuarterHolders
Q1 202417
Q2 202413
Q3 202412
Q4 202413
Q1 202511
Q2 202512
Q3 20254
Q4 20255
Q1 20264
Q2 20265

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q3 24: 5 bought or addedQ3 24: 6 cut or sold outQ4 24: 3 bought or addedQ4 24: 1 cut or sold outQ4 24Q1 25: 2 bought or addedQ1 25: 4 cut or sold outQ2 25: 5 bought or addedQ2 25: 5 cut or sold outQ2 25Q3 25: 2 bought or addedQ3 25: 10 cut or sold outQ4 25: 1 bought or addedQ4 25: 2 cut or sold outQ4 25Q1 26: 1 bought or addedQ1 26: 1 cut or sold outQ2 26: 1 bought or addedQ2 26: 1 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202456
Q4 202431
Q1 202524
Q2 202555
Q3 2025210
Q4 202512
Q1 202611
Q2 202611

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $4.0mQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$4.0m$00.00
Q1 2026$0$0—
Q2 2026$0$0—

Biggest buyers

MORGAN STANLEY New +55,000+55.0k

Biggest sellers

FMR LLC Reduced -55,000-55.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Sculptor Capital LP 0.25% of their portfolio New York, NY 20,252,00020.3m $24.1m $24.1m 0.25% Unchanged
2 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 4,400,0004.4m $5.2m $5.2m 0.01% Unchanged
3 FMR LLC 0.00% of their portfolio BOSTON, MA 1,693,0001.7m $2.0m $2.0m 0.00% Reduced -55.0k -55,000
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 55,00055.0k $64.2k $64.2k 0.00% New
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 50,00050.0k $59.2k $59.2k 0.00% Unchanged