Novo Holdings A/S Long-Term Concentrated

Location: Hellerup, Denmark

CIK: 0001388325 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $1.288B (100.0% shares, 0.0% debt)

Holdings (24)

BN BROOKFIELD CORP 12.5%

Value $160M Shares 3,496,245 Share Price $45.89 Est. Cost/Share $29.96 Unrealized @ Report Date +52.0%

EWTX EDGEWISE THERAPEUTICS INC 10.3%

Value $133M Shares 5,350,000 Share Price $24.82 * Est. Cost/Share $18.02 Unrealized @ Report Date +11.4%

ASML ASML HOLDING N V 9.5%

Value $122M Shares 113,946 Share Price $1069.86 Est. Cost/Share $662.32 Unrealized @ Report Date —

MIRM MIRUM PHARMACEUTICALS INC 7.8%

Value $99.85M Shares 1,264,028 Share Price $78.99 * Est. Cost/Share $12.27 Unrealized @ Report Date +485.2%

CRM SALESFORCE INC 6.8%

Value $87.47M Shares 330,187 Share Price $264.91 * Est. Cost/Share $205.72 Unrealized @ Report Date +20.6%

CRNX CRINETICS PHARMACEUTICALS IN 5.9%

Value $75.64M Shares 1,625,000 Share Price $46.55 * Est. Cost/Share $25.38 Unrealized @ Report Date +75.4%

VRDN VIRIDIAN THERAPEUTICS INC 5.8%

Value $74.07M Shares 2,380,000 Share Price $31.12 * Est. Cost/Share $16.63 Unrealized @ Report Date +64.9%

MPLT MAPLIGHT THERAPEUTICS INC 5.0%

Value $64.76M Shares 3,686,622 Share Price $17.56 * Est. Cost/Share $16.75 Unrealized @ Report Date 0.0%

ZBIO ZENAS BIOPHARMA INC 4.1%

Value $52.65M Shares 1,450,000 Share Price $36.31 * Est. Cost/Share $14.60 Unrealized @ Report Date +125.3%

PHVS PHARVARIS N V 3.8%

Value $48.56M Shares 1,750,000 Share Price $27.75 * Est. Cost/Share $15.36 Unrealized @ Report Date +56.8%

APGE APOGEE THERAPEUTICS INC 3.3%

Value $43.02M Shares 570,000 Share Price $75.48 * Est. Cost/Share $41.12 Unrealized @ Report Date +53.2%

PCVX VAXCYTE INC 3.3%

Value $42.27M Shares 916,160 Share Price $46.14 * Est. Cost/Share $39.88 Unrealized @ Report Date +12.1%

BMRN BIOMARIN PHARMACEUTICAL INC 3.0%

Value $39.22M Shares 660,000 Share Price $59.43 * Est. Cost/Share $77.70 Unrealized @ Report Date -29.9%

AVBP ARRIVENT BIOPHARMA INC 3.0%

Value $39.08M Shares 1,942,142 Share Price $20.12 * Est. Cost/Share $20.49 Unrealized @ Report Date +1.6%

BABA ALIBABA GROUP HLDG LTD 2.9%

Value $37.72M Shares 257,327 Share Price $146.58 Est. Cost/Share $165.09 Unrealized @ Report Date —

INSM INSMED INC 2.7%

Value $34.81M Shares 200,000 Share Price $174.04 * Est. Cost/Share $23.10 Unrealized @ Report Date +689.9%

CLDX CELLDEX THERAPEUTICS INC NEW 2.5%

Value $32.59M Shares 1,200,000 Share Price $27.16 * Est. Cost/Share $34.88 Unrealized @ Report Date -24.5%

FDMT 4D MOLECULAR THERAPEUTICS IN 2.1%

Value $27.38M Shares 3,650,737 Share Price $7.50 * Est. Cost/Share $12.43 Unrealized @ Report Date -18.4%

BBOT BRIDGEBIO ONCOLOGY THERAPEUT 1.9%

Value $24.56M Shares 1,961,317 Share Price $12.52 Est. Cost/Share $11.58 Unrealized @ Report Date —

ELVN ENLIVEN THERAPEUTICS INC 1.8%

Value $22.79M Shares 1,480,000 Share Price $15.40 * Est. Cost/Share $19.25 Unrealized @ Report Date +3.5%

VALN VALNEVA SE 1.6%

Value $20.33M Shares 2,305,000 Share Price $8.82 Est. Cost/Share $5.67 Unrealized @ Report Date —

LNZA LANZATECH GLOBAL INC 0.2%

Value $2.176M Shares 158,148 Share Price $13.76 * Est. Cost/Share $28.70 Unrealized @ Report Date -34.8%

MQ MARQETA INC 0.2%

Value $2.097M Shares 441,558 Share Price $4.75 Est. Cost/Share $22.37 Unrealized @ Report Date -78.5%

IOBT IO BIOTECH INC 0.1%

Value $1.53M Shares 2,512,453 Share Price $0.61 * Est. Cost/Share $6.26 Unrealized @ Report Date -88.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BN	BROOKFIELD CORP	3,496,245	$160M	12.5%	$45.89	$29.96	+52.0%	CL A LTD VT SH	11271J107
EWTX	EDGEWISE THERAPEUTICS INC	5,350,000	$133M	10.3%	$24.82 *	$18.02	+11.4%	COM	28036F105
ASML	ASML HOLDING N V	113,946	$122M	9.5%	$1069.86	$662.32	—	N Y REGISTRY SHS	N07059210
MIRM	MIRUM PHARMACEUTICALS INC	1,264,028	$99.85M	7.8%	$78.99 *	$12.27	+485.2%	COM	604749101
CRM	SALESFORCE INC	330,187	$87.47M	6.8%	$264.91 *	$205.72	+20.6%	COM	79466L302
CRNX	CRINETICS PHARMACEUTICALS IN	1,625,000	$75.64M	5.9%	$46.55 *	$25.38	+75.4%	COM	22663K107
VRDN	VIRIDIAN THERAPEUTICS INC	2,380,000	$74.07M	5.8%	$31.12 *	$16.63	+64.9%	COM	92790C104
MPLT	MAPLIGHT THERAPEUTICS INC	3,686,622	$64.76M	5.0%	$17.56 *	$16.75	0.0%	COM	56565P103
ZBIO	ZENAS BIOPHARMA INC	1,450,000	$52.65M	4.1%	$36.31 *	$14.60	+125.3%	COM	98937L105
PHVS	PHARVARIS N V	1,750,000	$48.56M	3.8%	$27.75 *	$15.36	+56.8%	COM	N69605108
APGE	APOGEE THERAPEUTICS INC	570,000	$43.02M	3.3%	$75.48 *	$41.12	+53.2%	COM	03770N101
PCVX	VAXCYTE INC	916,160	$42.27M	3.3%	$46.14 *	$39.88	+12.1%	COM	92243G108
BMRN	BIOMARIN PHARMACEUTICAL INC	660,000	$39.22M	3.0%	$59.43 *	$77.70	-29.9%	COM	09061G101
AVBP	ARRIVENT BIOPHARMA INC	1,942,142	$39.08M	3.0%	$20.12 *	$20.49	+1.6%	COM	04272N102
BABA	ALIBABA GROUP HLDG LTD	257,327	$37.72M	2.9%	$146.58	$165.09	—	SPONSORED ADS	01609W102
INSM	INSMED INC	200,000	$34.81M	2.7%	$174.04 *	$23.10	+689.9%	COM PAR $.01	457669307
CLDX	CELLDEX THERAPEUTICS INC NEW	1,200,000	$32.59M	2.5%	$27.16 *	$34.88	-24.5%	COM NEW	15117B202
FDMT	4D MOLECULAR THERAPEUTICS IN	3,650,737	$27.38M	2.1%	$7.50 *	$12.43	-18.4%	COM	35104E100
BBOT	BRIDGEBIO ONCOLOGY THERAPEUT	1,961,317	$24.56M	1.9%	$12.52	$11.58	—	COM NEW	107924102
ELVN	ENLIVEN THERAPEUTICS INC	1,480,000	$22.79M	1.8%	$15.40 *	$19.25	+3.5%	COM	29337E102
VALN	VALNEVA SE	2,305,000	$20.33M	1.6%	$8.82	$5.67	—	SPONSORED ADS	92025Y103
LNZA	LANZATECH GLOBAL INC	158,148	$2.176M	0.2%	$13.76 *	$28.70	-34.8%	COM NEW	51655R200
MQ	MARQETA INC	441,558	$2.097M	0.2%	$4.75	$22.37	-78.5%	CLASS A COM	57142B104
IOBT	IO BIOTECH INC	2,512,453	$1.53M	0.1%	$0.61 *	$6.26	-88.1%	COM	449778109