Vault-13

NUVALENT INC

COM · CUSIP 670703107

292 institutional holders +26 vs Q1 2026
75,208,08275.2m shares reported held*
$9.3bnreported value*
97 new 91 added 69 reduced 75 sold out net sold ≈ $689.9m (-5.6m 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 ($10.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $123.44. Options: 21 managers hold calls ($282.5m notional), 11 hold puts ($30.8m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 60Q4 22: 97Q1 23: 90Q2 23: 112Q3 23: 117Q4 23: 157Q1 24: 182Q2 24: 174Q3 24: 196Q4 24: 219Q1 25: 208Q2 25: 211Q3 25: 197Q4 25: 238Q1 26: 266Q2 26: 292292Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202260
Q4 202297
Q1 202390
Q2 2023112
Q3 2023117
Q4 2023157
Q1 2024182
Q2 2024174
Q3 2024196
Q4 2024219
Q1 2025208
Q2 2025211
Q3 2025197
Q4 2025238
Q1 2026266
Q2 2026292

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 115 bought or addedQ3 24: 79 cut or sold outQ4 24: 132 bought or addedQ4 24: 75 cut or sold outQ4 24Q1 25: 101 bought or addedQ1 25: 108 cut or sold outQ2 25: 122 bought or addedQ2 25: 81 cut or sold outQ2 25Q3 25: 96 bought or addedQ3 25: 94 cut or sold outQ4 25: 150 bought or addedQ4 25: 66 cut or sold outQ4 25Q1 26: 156 bought or addedQ1 26: 92 cut or sold outQ2 26: 188 bought or addedQ2 26: 144 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202411579
Q4 202413275
Q1 2025101108
Q2 202512281
Q3 20259694
Q4 202515066
Q1 202615692
Q2 2026188144

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ3 25 calls: $3.4mQ3 25 puts: $7.9mQ3 25P/C 2.35Q4 25 calls: $5.5mQ4 25 puts: $714.2kQ4 25P/C 0.13Q1 26 calls: $4.9mQ1 26 puts: $4.5mQ1 26P/C 0.92Q2 26 calls: $282.5mQ2 26 puts: $30.8mQ2 26P/C 0.11
Numbers
QuarterCallsPutsP/C
Q3 2025$3.4m$7.9m2.35
Q4 2025$5.5m$714.2k0.13
Q1 2026$4.9m$4.5m0.92
Q2 2026$282.5m$30.8m0.11

Biggest buyers

HBK INVESTMENTS L P New +3,483,100+3.5m
FIL Ltd Added +2,946,441+2.9m
GLAZER CAPITAL, LLC New +1,769,665+1.8m
BARCLAYS PLC Added +1,237,421+1.2m
Pentwater Capital Management LP New +1,175,000+1.2m
GOLDMAN SACHS GROUP INC Added +1,103,675+1.1m
Balyasny Asset Management L.P. New +1,037,583+1.0m
First Trust Capital Management L.P. New +836,918+836.9k
BlackRock, Inc. Added +760,834+760.8k
BANK OF AMERICA CORP /DE/ Added +660,314+660.3k

Biggest sellers

FMR LLC Reduced -7,857,369-7.9m
JPMORGAN CHASE & CO Reduced -2,760,657-2.8m
WELLINGTON MANAGEMENT GROUP LLP Reduced -2,253,278-2.3m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -1,980,393-2.0m
Polar Capital Holdings Plc Sold out -1,831,253-1.8m
T. Rowe Price Investment Management, Inc. Sold out -1,413,637-1.4m
RA CAPITAL MANAGEMENT, L.P. Reduced -1,287,689-1.3m
Commodore Capital LP Reduced -733,600-733.6k
ALLIANCEBERNSTEIN L.P. Reduced -720,833-720.8k
BRAIDWELL LP Sold out -700,429-700.4k

Biggest calls

ExodusPoint Capital Management, LP New $44.5m360.0k shares
MILLENNIUM MANAGEMENT LLC New $44.1m357.4k shares
Balyasny Asset Management L.P. New $43.8m354.9k shares
Verition Fund Management LLC New $37.0m300.0k shares
Sand Grove Capital Management LLP New $25.8m209.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $21.4m173.1k shares
Centiva Capital, LP New $12.3m100.0k shares
WATER ISLAND CAPITAL LLC New $10.4m84.0k shares
UBS Group AG New $9.3m75.0k shares
HARVEST MANAGEMENT LLC New $8.6m70.0k shares

Biggest puts

WATER ISLAND CAPITAL LLC New $10.4m84.0k shares
Balyasny Asset Management L.P. New $9.6m77.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.0m32.5k shares
JPMORGAN CHASE & CO Unchanged $2.6m21.0k shares
CITADEL ADVISORS LLC Added $1.8m14.2k shares
JANE STREET GROUP, LLC Added $1.3m10.7k shares
IMC-Chicago, LLC Added $617.5k5.0k shares
EQUITEC PROPRIETARY MARKETS, LLC New $432.2k3.5k shares
SIMPLEX TRADING, LLC Reduced $74.1k600 shares
GROUP ONE TRADING LLC Reduced $12.3k100 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.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: Flynn James E (0.0%, 2026-07-17), FMR LLC (1.9%, 2026-07-08), VANGUARD GROUP INC (0.0%, 2026-03-27)

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 DEERFIELD MANAGEMENT COMPANY, L.P. 22.22% of their portfolio New York, NY 17,248,45017.2m $2.1bn $2.1bn 22.22% Unchanged
2 Paradigm Biocapital Advisors LP 13.70% of their portfolio NEW YORK, NY 5,924,4335.9m $731.7m $731.7m 13.70% Added +600.0k +600,000
3 BlackRock, Inc. 0.01% of their portfolio New York, NY 5,585,6195.6m $689.8m $689.8m 0.01% Added +760.8k +760,834
4 HBK INVESTMENTS L P 5.04% of their portfolio DALLAS, TX 3,483,1003.5m $430.2m $430.2m 5.04% New
5 FIL Ltd 0.26% of their portfolio HAMILTON, D0 2,946,5062.9m $363.9m $363.9m 0.26% Added +2.9m +2,946,441
6 VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio MALVERN, PA 2,589,2822.6m $319.8m $319.8m 0.01% Added +88.4k +88,375
7 VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio MALVERN, PA 2,459,1182.5m $303.7m $303.7m 0.01% Added +30.6k +30,630
8 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,091,0442.1m $258.2m $258.2m 0.01% Added +55.2k +55,213
9 Deep Track Capital, LP 3.24% of their portfolio GREENWICH, CT 1,783,3221.8m $220.2m $220.2m 3.24% Added +407.0k +406,998
10 GLAZER CAPITAL, LLC 5.39% of their portfolio New York, NY 1,769,6651.8m $218.6m $218.6m 5.39% New
11 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,640,8331.6m $202.6m $202.6m 0.02% Added +1.1m +1,103,675
12 PERCEPTIVE ADVISORS LLC 3.03% of their portfolio NEW YORK, NY 1,580,5051.6m $195.2m $195.2m 3.03% Unchanged
13 FMR LLC 0.01% of their portfolio BOSTON, MA 1,417,5901.4m $175.1m $175.1m 0.01% Reduced -7.9m -7,857,369
14 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,407,3531.4m $173.8m $173.8m 0.01% Added +109.2k +109,246
15 BARCLAYS PLC 0.05% of their portfolio LONDON, X0 1,268,2651.3m $156.6m $156.6m 0.05% Added +1.2m +1,237,421
16 RA CAPITAL MANAGEMENT, L.P. 1.34% of their portfolio BOSTON, MA 1,246,4561.2m $153.9m $153.9m 1.34% Reduced -1.3m -1,287,689
17 Pentwater Capital Management LP 1.16% of their portfolio Naples, FL 1,175,0001.2m $145.1m $145.1m 1.16% New
18 Bellevue Group AG 2.74% of their portfolio ZURICH, V8 1,053,2681.1m $130.1m $130.1m 2.74% Unchanged
19 Balyasny Asset Management L.P. 0.23% of their portfolio Chicago, IL 1,037,5831.0m $128.1m $128.1m 0.23% New
20 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 876,830876.8k $108.3m $108.3m 0.01% Added +660.3k +660,314
21 First Trust Capital Management L.P. 6.02% of their portfolio CHICAGO, IL 836,918836.9k $103.4m $103.4m 6.02% New
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 681,225681.2k $84.1m $84.1m 0.00% Added +480.4k +480,435
23 NEXPOINT ASSET MANAGEMENT, L.P. 5.10% of their portfolio Dallas, TX 617,820617.8k $76.3m $76.3m 5.10% New
24 AQR Arbitrage LLC 1.06% of their portfolio Greenwich, CT 601,633601.6k $74.3m $74.3m 1.06% New
25 WESTFIELD CAPITAL MANAGEMENT CO LP 0.24% of their portfolio BOSTON, MA 585,583585.6k $72.3m $72.3m 0.24% New
26 NORGES BANK 0.01% of their portfolio OSLO, Q8 560,041560.0k $69.2m $69.2m 0.01% Not comparable
27 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 508,124508.1k $62.8m $62.8m 0.01% Added +78.8k +78,751
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 470,221470.2k $58.1m $58.1m 0.01% Added +19.4k +19,420
29 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 404,192404.2k $49.9m $49.9m 0.03% Added +386.1k +386,135
30 VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio MALVERN, PA 382,382382.4k $47.2m $47.2m 0.01% Added +18.2k +18,215
31 Allianz Asset Management GmbH 0.05% of their portfolio MUNICH, 2M 359,200359.2k $44.2m $44.2m 0.05% Added +352.5k +352,500
32 Absolute Gestao de Investimentos Ltda. 11.92% of their portfolio SAO PAULO, D5 350,000350.0k $43.2m $43.2m 11.92% New
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 327,692327.7k $40.8m $40.8m 0.00% Reduced -2.8m -2,760,657
34 Polar Asset Management Partners Inc. 0.72% of their portfolio TORONTO, A6 320,529320.5k $39.6m $39.6m 0.72% New
35 SOROS FUND MANAGEMENT LLC 0.49% of their portfolio NEW YORK, NY 300,017300.0k $37.1m $37.1m 0.49% New
36 Kryger Capital LLC 2.02% of their portfolio HAMILTON, D0 286,712286.7k $35.4m $35.4m 2.02% New
37 RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio NEW YORK, NY 280,900280.9k $34.7m $34.7m 0.05% Added +191.9k +191,900
38 WHITEBOX ADVISORS LLC 0.55% of their portfolio MINNEAPOLIS, MN 275,001275.0k $34.0m $34.0m 0.55% New
39 Affinity Asset Advisors, LLC 1.66% of their portfolio NEW YORK, NY 275,000275.0k $34.0m $34.0m 1.66% Reduced -25.0k -25,000
40 Cinctive Capital Management LP 1.19% of their portfolio New York, NY 240,806240.8k $29.7m $29.7m 1.19% New
41 ODDO BHF ASSET MANAGEMENT SAS 1.30% of their portfolio PARIS, I0 227,386227.4k $28.1m $28.1m 1.30% Not comparable
42 OMERS ADMINISTRATION Corp 0.17% of their portfolio TORONTO, A6 225,500225.5k $27.8m $27.8m 0.17% New
43 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 217,213217.2k $26.8m $26.8m 0.00% Reduced -2.3m -2,253,278
44 Slotnik Capital, LLC 7.22% of their portfolio DALLAS, TX 210,000210.0k $25.9m $25.9m 7.22% New
45 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 208,978209.0k $25.8m $25.8m 0.02% Added +106.9k +106,860
46 TUDOR INVESTMENT CORP ET AL 0.11% of their portfolio STAMFORD, CT 206,068206.1k $25.4m $25.4m 0.11% Added +201.9k +201,918
47 Sagefield Capital LP 1.80% of their portfolio DALLAS, TX 196,481196.5k $24.3m $24.3m 1.80% New
48 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 192,209192.2k $23.7m $23.7m 0.00% Added +30.7k +30,700
49 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio TORONTO, A6 164,398164.4k $20.3m $20.3m 0.03% New
50 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 153,900153.9k $19.0m $19.0m 0.03% New
51 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 152,122152.1k $18.8m $18.8m 0.02% Added +148.9k +148,928
52 Maven Securities LTD 1.79% of their portfolio ST HELIER, Y9 150,000150.0k $18.5m $18.5m 1.79% New
53 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 147,330147.3k $18.2m $18.2m 0.02% New
54 PICTON MAHONEY ASSET MANAGEMENT 0.17% of their portfolio Toronto, A6 145,000145.0k $17.9m $17.9m 0.17% New
55 ALPINE ASSOCIATES MANAGEMENT INC. 1.00% of their portfolio PALM BEACH, FL 129,300129.3k $16.0m $16.0m 1.00% New
56 CAPSTONE INVESTMENT ADVISORS, LLC 0.11% of their portfolio NEW YORK, NY 126,303126.3k $15.6m $15.6m 0.11% New
57 Magnetar Financial LLC 0.14% of their portfolio EVANSTON, IL 125,341125.3k $15.5m $15.5m 0.14% New
58 Squarepoint Ops LLC 0.03% of their portfolio NEW YORK, NY 120,415120.4k $14.9m $14.9m 0.03% Added +15.6k +15,614
59 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 120,199120.2k $14.8m $14.8m 0.00% Added +10.4k +10,379
60 Chicago Capital Management, LLC 9.84% of their portfolio CHICAGO, IL 115,500115.5k $11.1m $11.1m 9.84% New
61 GABELLI FUNDS LLC 0.09% of their portfolio Rye, NY 110,896110.9k $13.7m $13.7m 0.09% New
62 FNY Investment Advisers, LLC 4.87% of their portfolio NEW YORK, NY 108,951109.0k $13.5m $13.5m 4.87% New
63 Jump Financial, LLC 0.12% of their portfolio Chicago, IL 107,000107.0k $13.2m $13.2m 0.12% Added +102.4k +102,377
64 WATER ISLAND CAPITAL LLC 1.36% of their portfolio NEW YORK, NY 103,979104.0k $12.8m $12.8m 1.36% New
65 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 100,000100.0k $12.3m $12.3m 0.02% Reduced -648.9k -648,896
66 Commodore Capital LP 0.74% of their portfolio NEW YORK, NY 100,000100.0k $12.3m $12.3m 0.74% Reduced -733.6k -733,600
67 Jones Hill Capital LP 2.58% of their portfolio NEW YORK, NY 98,44298.4k $12.2m $12.2m 2.58% Reduced -202.4k -202,388
68 GARDNER LEWIS ASSET MANAGEMENT L P 2.63% of their portfolio CHADDS FORD, PA 95,49595.5k $11.8m $11.8m 2.63% New
69 Swiss National Bank 0.01% of their portfolio ZURICH, V8 91,80091.8k $11.3m $11.3m 0.01% Added +12.9k +12,900
70 Verition Fund Management LLC 0.08% of their portfolio GREENWICH, CT 90,52190.5k $11.2m $11.2m 0.08% New
71 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 90,43490.4k $11.2m $11.2m 0.00% New
72 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 85,71785.7k $10.6m $10.6m 0.01% Added +58.1k +58,064
73 UBS Group AG 0.00% of their portfolio ZURICH, V8 84,65984.7k $10.5m $10.5m 0.00% Reduced -278.4k -278,439
74 FRED ALGER MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 80,69280.7k $10.0m $10.0m 0.03% Reduced -1.2k -1,175
75 Man Group plc 0.02% of their portfolio LONDON, X0 80,00080.0k $9.9m $9.9m 0.02% Added +55.7k +55,742
76 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 77,34877.3k $9.6m $9.6m 0.00% Added +40.7k +40,660
77 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 75,74075.7k $9.4m $9.4m 0.00% Reduced -2.0m -1,980,393
78 GABELLI & Co INVESTMENT ADVISERS, INC. 1.33% of their portfolio Rye, NY 74,24474.2k $9.2m $9.2m 1.33% New
79 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 71,60771.6k $8.8m $8.8m 0.01% Added +7.7k +7,740
80 PRELUDE CAPITAL MANAGEMENT, LLC 0.64% of their portfolio NEW YORK, NY 70,53570.5k $8.7m $8.7m 0.64% New
81 Transmarket Holdings LP 6.32% of their portfolio CHICAGO, IL 69,76069.8k $8.6m $8.6m 6.32% New
82 Vestcor Inc 0.20% of their portfolio FREDERICTON, A3 65,51465.5k $8.1m $8.1m 0.20% New
83 Woodline Partners LP 0.02% of their portfolio San Francisco, CA 64,50064.5k $8.0m $8.0m 0.02% Reduced -546.0k -545,959
84 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 63,19063.2k $6.5m $6.5m 0.00% Reduced -720.8k -720,833
85 TIG Advisors, LLC 0.36% of their portfolio New York, NY 63,05563.1k $7.8m $7.8m 0.36% New
86 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 61,73561.7k $7.6m $7.6m 0.00% Reduced -26.0k -26,011
87 Weiss Asset Management LP 0.08% of their portfolio BOSTON, MA 61,04161.0k $7.5m $7.5m 0.08% Not comparable
88 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 60,10260.1k $7.4m $7.4m 0.00% Reduced -62.1k -62,085
89 Hudson Bay Capital Management LP 0.03% of their portfolio STAMFORD, CT 60,00060.0k $7.4m $7.4m 0.03% Added +31.5k +31,520
90 LMR Partners LLP 0.05% of their portfolio LONDON, X0 60,00060.0k $7.4m $7.4m 0.05% New
91 Public Sector Pension Investment Board 0.02% of their portfolio MONTREAL, A8 59,00059.0k $7.3m $7.3m 0.02% New
92 ABC ARBITRAGE SA 0.76% of their portfolio PARIS, I0 57,14757.1k $7.1m $7.1m 0.76% New
93 Groupe la Francaise 0.09% of their portfolio PARIS, I0 56,43056.4k $7.0m $7.0m 0.09% New
94 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 56,16356.2k $6.9m $6.9m 0.00% Added +29.9k +29,853
95 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 52,45552.5k $6.5m $6.5m 0.00% New
96 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 52,34252.3k $6.5m $6.5m 0.01% Added +2.7k +2,672
97 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 51,48751.5k $6.4m $6.4m 0.00% Added +13.1k +13,067
98 Alberta Investment Management Corp 0.04% of their portfolio EDMONTON, A0 50,00050.0k $6.2m $6.2m 0.04% New
99 Carmignac Gestion 0.08% of their portfolio PARIS, I0 47,65747.7k $5.9m $5.9m 0.08% New
100 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 46,30646.3k $5.7m $5.7m 0.01% New