Novavax Inc (NVAX) 13F Investor Activity Report (Q2 2026)

NVAX ranks #2285 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

NVAX is a top-conviction position for Shah Capital Management — at 25.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in NVAX belongs to California State Teachers Retirement System, but the position matters far more to Shah Capital Management, who has 25.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

California State Teachers Retirement System has added to its NVAX position for two straight quarters, increasing it by $156.0M to reach $156.9M today.

Bank Of America CORP /de/ has trimmed its NVAX position for two straight quarters, cutting it by $23.5M while still holding $32.2M.

NVAX is up 2.3% today, and institutions have been net buyers of $55.2M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

NVAX reported a net loss of $247.7M over the trailing twelve months.

• Not yet profitable — net loss of $247.7M over the trailing twelve months
• Revenue declined 61.6% year over year
• Net income declined year over year, from $422.8M to -$247.7M
• Operating cash flow was negative, using $244.6M in cash
• Current ratio of 2.13x — enough short-term assets to cover short-term liabilities