NOVARTIS AG

Ticker: NVS CUSIP: 66987V109 Class: SPONSORED ADR

Hudson Bay Capital Management LP's Holding History (CIK: 0001393825)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 114,346 Value ($000) $15,765 Avg Close — Range —

Q1 2025

Shares 231,567 Value ($000) $25,815 Avg Close — Range —

Q4 2024

Shares 10,000 Value ($000) $973 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	114,346	$15,765	—	—
Q1 2025	231,567	$25,815	—	—
Q4 2024	10,000	$973	—	—