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Stock impact report

Genmab (GMAB)'s Future Potential Underappreciated by Market [Yahoo! Finance]

Genmab A/S - American Depositary Shares (GMAB) 
Company Research Source: Yahoo! Finance
in 2025, with returns driven more by stock-specific research rather than post-pandemic valuation rebounds. A copy of the letter can be downloaded here . The letter attributes performance to disciplined bottom-up investing and improved execution across several portfolio holdings. It also notes that rising global government debt supports the case for equities as core real assets, with non-US markets offering especially attractive valuations. Orbis suggests the long period of US market dominance may be starting to shift and remains focused on buying fundamentally undervalued businesses where mispricing can correct over time. Genmab A/S (NASDAQ: GMAB ) is a biotechnology company specializing in antibody-based therapies, with a strong oncology portfolio and multiple high-value partnerships driving long-term growth. In Orbis International Equity's Q4 2025 investor letter, Genmab A/S (NASDAQ:GMAB) is highlighted as the fund's largest position, benefiting from what Orbis sees as deep underv Show less Read more
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