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Novo Nordisk A S

NVO
Exchange
NYSE
Industry
Pharmaceutical Preparations
SEC CIK
0000353278

No open-market purchases or sales by Novo Nordisk A S insiders were filed in the last 90 days; 1,355 institutions reported holding it in 13F filings for Q2 2026, worth $15.7B in total; superinvestors Markel Group and Maverick Capital hold it.

Other share classesNONOF

13F holders, Q1 2025

Institutional positions in Novo Nordisk A S as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
1,535
−107 vs. Q4 2024
Shares held
324.4M
−6.92M (−2.1%) vs. Q4 2024
Total value
$22.5B
−$6.01B (−21.1%) vs. Q4 2024
New holders
140
627 more added
Sold out
247
562 more reduced

28 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NVO on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 1,535 institutions
Q1 2021: 708 institutionsQ2 2021: 737 institutionsQ3 2021: 806 institutionsQ4 2021: 887 institutionsQ1 2022: 902 institutionsQ2 2022: 934 institutionsQ3 2022: 908 institutionsQ4 2022: 1,050 institutionsQ1 2023: 1,148 institutionsQ2 2023: 1,198 institutionsQ3 2023: 1,308 institutionsQ4 2023: 1,512 institutionsQ1 2024: 1,746 institutionsQ2 2024: 1,867 institutionsQ3 2024: 1,787 institutionsQ4 2024: 1,670 institutionsQ1 2025: 1,535 institutionsQ2 2025: 1,486 institutionsQ3 2025: 1,401 institutionsQ4 2025: 1,421 institutionsQ1 2026: 1,278 institutionsQ2 2026: 1,355 institutions
Value heldQ1 2025: $22.5B
Q1 2021: $8.87BQ2 2021: $11.0BQ3 2021: $12.7BQ4 2021: $14.7BQ1 2022: $15.2BQ2 2022: $16.4BQ3 2022: $13.8BQ4 2022: $19.4BQ1 2023: $22.1BQ2 2023: $23.2BQ3 2023: $27.4BQ4 2023: $32.2BQ1 2024: $41.8BQ2 2024: $47.9BQ3 2024: $39.7BQ4 2024: $29.1BQ1 2025: $22.5BQ2 2025: $21.3BQ3 2025: $16.7BQ4 2025: $16.0BQ1 2026: $12.0BQ2 2026: $15.7B
Institutions holding NVO and their total value by quarter
QuarterHoldersValue
Q2 20261,355$15.7B
Q1 20261,278$12.0B
Q4 20251,421$16.0B
Q3 20251,401$16.7B
Q2 20251,486$21.3B
Q1 20251,535$22.5B
Q4 20241,670$29.1B
Q3 20241,787$39.7B
Q2 20241,867$47.9B
Q1 20241,746$41.8B
Q4 20231,512$32.2B
Q3 20231,308$27.4B
Q2 20231,198$23.2B
Q1 20231,148$22.1B
Q4 20221,050$19.4B
Q3 2022908$13.8B
Q2 2022934$16.4B
Q1 2022902$15.2B
Q4 2021887$14.7B
Q3 2021806$12.7B
Q2 2021737$11.0B
Q1 2021708$8.87B

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Novo Nordisk A S; share changes are against Q4 2024.

Institutions holding NVO in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Jennison Associates LLC18,822,002$1.31B0.92%−1,122,807−5.6%Reduced
Bank of America Corp14,792,624$1.03B0.09%−699,760−4.5%Reduced
Loomis Sayles & Co L P12,388,242$860.2M1.24%+816,556+7.1%Added
Morgan Stanley12,319,787$855.5M0.06%+115,495+0.9%Added
Fisher Asset Management, LLC11,871,236$824.3M0.36%−769,253−6.1%Reduced
Fayez Sarofim & Co11,212,499$778.6M1.94%−171,982−1.5%Reduced
FMR LLC9,632,932$668.9M0.04%−388,952−3.9%Reduced
Folketrygdfondet9,521,912$661.2M14.73%+617,974+6.9%Added
Capital International Investors9,511,545$659.9M0.13%+2,757,125+40.8%Added
Renaissance Technologies LLC6,821,396$473.7M0.72%−1,491,600−17.9%Reduced
Clearbridge Investments, LLC6,633,934$460.7M0.40%+2,350,617+54.9%Added
Everett Harris & Co6,408,022$445.0M5.71%−45,067−0.7%Reduced
State Farm Mutual Automobile Insurance Co6,142,778$426.6M0.39%00.0%Unchanged
State Street Corp6,000,253$422.5M0.02%−55,541−0.9%Reduced
Sustainable Growth Advisers, LP5,543,246$384.9M2.15%+202,443+3.8%Added
JPMorgan Chase & Co5,494,343$381.5M0.03%−95,400−1.7%Reduced
Royal Bank of Canada5,446,286$378.2M0.08%−14,447−0.3%Reduced
Nuveen, LLC5,332,262$370.3M0.12%+5,332,262New
Price T Rowe Associates Inc5,324,666$369.7M0.05%−1,020,452−16.1%Reduced
Goldman Sachs Group Inc4,983,054$346.0M0.07%+735,900+17.3%Added
Two Sigma Advisers, LP4,856,800$337.3M0.76%+3,835,100+375.4%Added
Amundi4,938,507$331.6M0.12%+1,627,051+49.1%Added
Northern Trust Corp4,591,872$318.9M0.05%−97,226−2.1%Reduced
Envestnet Asset Management Inc4,491,514$311.9M0.10%+323,831+7.8%Added
BlackRock, Inc.4,279,199$297.1M0.01%−614,407−12.6%Reduced
WCM Investment Management, LLC4,135,857$286.6M0.74%+104,733+2.6%Added
Wells Fargo & Company3,792,813$263.4M0.06%+119,698+3.3%Added
Raymond James Financial Inc3,715,306$258.0M0.10%−991,860−21.1%Reduced
Two Sigma Investments, LP3,147,929$218.6M0.48%+1,303,506+70.7%Added
Natixis Advisors, L.P.2,914,104$202.4M0.37%−109,909−3.6%Reduced
Magellan Asset Management Ltd2,606,216$181.0M2.20%−206,565−7.3%Reduced
D. E. Shaw & Co., Inc.2,582,572$179.3M0.21%+527,584+25.7%Added
Markel Group Inc.SuperinvestorMarkel Group2,150,000$149.3M1.33%00.0%Unchanged
Saturna Capital CORP2,144,759$148.9M2.23%+32,811+1.6%Added
DSM Capital Partners LLC2,056,587$142.8M2.50%+49,175+2.4%Added
Voloridge Investment Management, LLC1,751,007$121.6M0.45%+298,835+20.6%Added
Citadel Advisors LLC1,718,398$119.3M0.12%+1,087,341+172.3%Added
Davenport & Co LLC1,695,522$117.7M0.70%+642,810+61.1%Added
Dimensional Fund Advisors LP1,479,622$102.7M0.03%−4,147−0.3%Reduced
Saratoga Research & Investment Management1,454,160$101.0M5.33%+753,526+107.5%Added
Ameriprise Financial Inc1,442,295$100.2M0.03%+123,579+9.4%Added
UBS Group AG1,433,026$99.5M0.02%−43,612−3.0%Reduced
Susquehanna International Group, LLP1,414,913$98.3M0.16%+1,129,205+395.2%Added
LPL Financial LLC1,379,207$95.6M0.04%+23,140+1.7%Added
Tiger Global Management LLCSuperinvestorTiger Global Management1,269,000$88.1M0.33%00.0%Unchanged
Citigroup Inc1,246,408$86.6M0.07%−365,158−22.7%Reduced
Lazard Asset Management LLC1,237,594$85.9M0.13%−30,279−2.4%Reduced
Mirae Asset Global Investments Co., Ltd.1,594,544$85.4M0.35%+864,579+118.4%Added
Bank of Montreal1,228,833$85.3M0.05%−494,104−28.7%Reduced
Stifel Financial Corp1,187,517$82.5M0.09%−329,650−21.7%Reduced
CI Private Wealth, LLC1,124,418$78.1M0.13%−152,292−11.9%Reduced
BNP Paribas Arbitrage, SA1,067,916$74.2M0.06%+487,392+84.0%Added
Acadian Asset Management LLC1,044,658$72.5M0.20%+1,038,137+15,919.9%Added
Baird Financial Group, Inc.1,035,639$71.9M0.14%+169,762+19.6%Added
American Century Companies Inc1,022,211$71.0M0.04%−258,950−20.2%Reduced
Wellington Management Group LLP1,021,707$70.9M0.01%+191,272+23.0%Added
Polen Capital Management LLC1,001,906$69.6M0.22%−5,403,842−84.4%Reduced
Parnassus Investments926,083$64.3M0.15%+332,361+56.0%Added
Cerity Partners LLC928,213$63.7M0.13%+170,494+22.5%Added
Millennium Management LLC887,687$61.6M0.06%+532,472+149.9%Added
Qube Research & Technologies Ltd883,125$61.3M0.10%+27,983+3.3%Added
Bank of New York Mellon Corp839,802$58.3M0.01%+47,804+6.0%Added
Capital Fund Management S.A.741,731$51.5M0.66%+17,381+2.4%Added
Thornburg Investment Management Inc717,835$49.8M0.70%−3,313−0.5%Reduced
Jane Street Group, LLC700,165$48.6M0.09%−376,033−34.9%Reduced
Rockefeller Capital Management L.P.658,582$45.7M0.11%+160,915+32.3%Added
Truist Financial Corp655,208$45.5M0.07%+91,974+16.3%Added
CIBC World Markets Inc.645,663$44.8M0.10%−12,800−1.9%Reduced
United Capital Financial Advisers, LLC576,288$40.0M0.34%+216,083+60.0%Added
Harel Insurance Investments & Financial Services Ltd.562,187$39.5M0.52%+562,187New
The PNC Financial Services Group, Inc.525,247$36.5M0.02%−14,800−2.7%Reduced
Franklin Resources Inc486,002$33.7M0.01%−11,079−2.2%Reduced
Nichols & Pratt Advisers LLP481,314$33.4M2.28%+3,435+0.7%Added
Oppenheimer Asset Management Inc.470,565$32.7M0.41%+69,545+17.3%Added
Parkwood LLC462,571$32.1M3.14%+200,976+76.8%Added
Vantage Investment Partners, LLC459,687$31.9M2.68%−120,730−20.8%Reduced
Colony Group, LLC453,434$31.5M0.08%+44,751+11.0%Added
Brown Brothers Harriman & Co453,455$31.5M0.22%+393,334+654.2%Added
SEI Investments Co451,031$31.3M0.04%−189,418−29.6%Reduced
Van Eck Associates Corp447,557$31.1M0.04%−15,428−3.3%Reduced
GWM Advisors LLC432,345$30.0M0.18%+97,377+29.1%Added
Assetmark, Inc427,623$29.7M0.08%−21,507−4.8%Reduced
GuoLine Advisory Pte Ltd426,700$29.6M3.14%+80,200+23.1%Added
Barclays PLC424,199$29.5M0.01%−623,101−59.5%Reduced
Northwestern Mutual Wealth Management Co403,391$28.0M0.02%+26,935+7.2%Added
Southpoint Capital Advisors LP400,000$27.8M0.67%+400,000New
MayTech Global Investments, LLC387,531$26.9M3.49%+9,779+2.6%Added
Janus Henderson Group PLC383,930$26.6M0.01%−112,158−22.6%Reduced
Commonwealth Equity Services, LLC379,271$26.3M0.04%−29,565−7.2%Reduced
Trexquant Investment LP377,738$26.2M0.31%+145,492+62.6%Added
Mariner, LLC371,261$25.8M0.04%+7,948+2.2%Added
Academy Capital Management Inc367,574$25.5M4.40%+213,453+138.5%Added
National Bank of Canada363,538$25.2M0.03%−378,983−51.0%Reduced
Modera Wealth Management, LLC359,706$25.0M0.34%−2,808−0.8%Reduced
Traynor Capital Management, Inc.355,076$24.7M2.09%+34,914+10.9%Added
Migdal Insurance & Financial Holdings Ltd.343,389$24.2M0.34%+339,820+9,521.4%Added
Squarepoint Ops LLC344,312$23.9M0.06%+281,827+451.0%Added
Pathstone Holdings, LLC340,128$23.7M0.10%+65,227+23.7%Added
US Bancorp338,470$23.5M0.03%+3,493+1.0%Added
HighTower Advisors, LLC333,366$23.1M0.03%−144,878−30.3%Reduced