Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NVAX held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | SHAH CAPITAL MANAGEMENT | 14.8M | $120.8M | +2.0% | 9.028% | 23.18% |
| 2 | BlackRock, Inc. | 12.8M | $104.6M | -0.4% | 7.811% | 0.00% |
| 3 | STATE STREET CORP | 9.0M | $73.0M | -5.8% | 5.455% | 0.00% |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.2M | $58.2M | β | 4.349% | 0.00% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 7.1M | $58.0M | β | 4.336% | 0.00% |
| 6 | Sanofi | 6.9M | $56.0M | 0.0% | 4.184% | 16.67% |
| 7 | BANK OF AMERICA CORP /DE/ | 6.6M | $54.0M | -19.9% | 4.036% | 0.00% |
| 8 | UBS Group AG | 4.5M | $36.4M | -8.5% | 2.723% | 0.01% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 3.9M | $31.7M | +4.8% | 2.371% | 0.00% |
| 10 | MILLENNIUM MANAGEMENT LLC | 3.9M | $31.5M | β | 2.357% | 0.02% |
| 11 | COATUE MANAGEMENT LLC | 3.8M | $31.2M | β | 2.333% | 0.11% |
| 12 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3.3M | $26.6M | -1.5% | 1.984% | 0.00% |
| 13 | Graham Capital Management, L.P. | 2.1M | $17.1M | -18.1% | 1.281% | 0.44% |
| 14 | CITADEL ADVISORS LLC | 1.9M | $15.6M | -20.1% | 1.168% | 0.01% |
| 15 | Allianz Asset Management GmbH | 1.9M | $15.1M | -20.0% | 1.131% | 0.02% |
| 16 | GOLDMAN SACHS GROUP INC | 1.8M | $14.5M | +21.0% | 1.085% | 0.00% |
| 17 | Point72 Asset Management, L.P. | 1.6M | $12.6M | +211.3% | 0.945% | 0.02% |
| 18 | NORTHERN TRUST CORP | 1.5M | $12.3M | +3.8% | 0.918% | 0.00% |
| 19 | TSP Capital Management Group, LLC | 1.4M | $11.3M | +0.1% | 0.846% | 2.76% |
| 20 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.4M | $11.2M | +2.9% | 0.835% | 0.00% |
| 21 | BARCLAYS PLC | 1.2M | $9.7M | +8.1% | 0.724% | 0.00% |
| 22 | MARSHALL WACE, LLP | 1.2M | $9.5M | +25.4% | 0.709% | 0.01% |
| 23 | VANGUARD FIDUCIARY TRUST CO | 1.1M | $9.0M | β | 0.673% | 0.00% |
| 24 | Bank of New York Mellon Corp | 781K | $6.4M | -1.9% | 0.475% | 0.00% |
| 25 | Monaco Asset Management SAM | 698K | $5.7M | -33.2% | 0.424% | 1.67% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in NVAX β a direct measure of their conviction.
Filings activity in NVAX during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new NVAX position in Q1 2026
Institutions that fully closed their NVAX position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 250 | +8.2% | 65.02% | +11.92 pp | $949M | +22% |
| Q4 2025 | 231 | 2.5% | 53.10% | 8.95 pp | $775M | 14% |
| Q3 2025 | 237 | 4.4% | 62.05% | +17.65 pp | $906M | +40% |
| Q2 2025 | 248 | +4.2% | 44.40% | +1.45 pp | $648M | +3.4% |
| Q1 2025 | 238 | +7.7% | 42.95% | 13.76 pp | $627M | 24% |
| Q4 2024 | 221 | 2.6% | 56.71% | 143.28 pp | $828M | 83% |
| Q3 2024 | 227 | +2.7% | 199.99% | +110.35 pp | $4.93B | +277% |
| Q2 2024 | 221 | β | 89.64% | β | $1.31B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NVAX stock.
Based on Q1 2026 13F filings, institutional ownership of Novavax, Inc. stands at 65.0%, held across 250 reporting institutions.
SHAH CAPITAL MANAGEMENT is the largest reported institutional holder of NVAX, with approximately 14,845,097 shares worth $0.12B as of Q1 2026.
Yes β 5 widely-followed marquee investors appear among the top 25 institutional holders of NVAX, including MILLENNIUM MANAGEMENT LLC, COATUE MANAGEMENT LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC, Point72 Asset Management, L.P..
Our composite Smart Money Score for NVAX is 80 out of 100 (Strong Smart Money). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
57 institutions opened new positions in NVAX during Q1 2026, while 38 fully exited. 146 added to existing positions and 43 trimmed.
NVAX institutional ownership rose by 11.92 percentage points quarter-over-quarter, with a net change of +19 holders.
The top 10 institutions account for 65.8% of all reported 13F value in NVAX, and the top 25 account for 87.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Novavax, Inc. (NVAX) Institutional Ownership