Novo Holdings A/S

Portfolio Overview

Novo Holdings A/S reported a significant portfolio contraction for the period ending September 30, 2025, with total assets under management (AUM) decreasing by 28.1%, dropping from $1.42 billion to $1.02 billion. This reduction was driven by a combination of active portfolio management—specifically a large divestment from broad market exposure—and a reduction in position sizes across several key names. The portfolio is highly concentrated, containing only 20 holdings. Thi...