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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, Q2 2025

Institutional positions in Novo Nordisk A S as of Jun 30, 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
1,486
−26 vs. Q1 2025
Shares held
308.3M
−15.3M (−4.7%) vs. Q1 2025
Total value
$21.3B
−$1.18B (−5.3%) vs. Q1 2025
New holders
134
583 more added
Sold out
160
570 more reduced

23 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 holdersQ2 2025: 1,486 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 heldQ2 2025: $21.3B
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, Q2 2025

Shares, value and share of portfolio for each institution holding Novo Nordisk A S; share changes are against Q1 2025.

Institutions holding NVO in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Jennison Associates LLC18,885,343$1.30B0.77%+63,341+0.3%Added
Bank of America Corp14,721,478$1.02B0.08%−71,146−0.5%Reduced
Morgan Stanley14,284,790$985.9M0.06%+1,965,003+15.9%Added
FMR LLC13,941,160$962.2M0.05%+4,308,228+44.7%Added
Loomis Sayles & Co L P12,576,031$868.0M1.09%+187,789+1.5%Added
Capital International Investors11,621,232$800.1M0.14%+2,109,687+22.2%Added
Fisher Asset Management, LLC11,000,916$759.3M0.30%−870,320−7.3%Reduced
Fayez Sarofim & Co10,503,662$725.0M1.74%−708,837−6.3%Reduced
Folketrygdfondet10,094,543$696.7M15.53%+572,631+6.0%Added
Clearbridge Investments, LLC8,222,673$567.5M0.46%+1,588,739+23.9%Added
Everett Harris & Co6,394,182$441.3M5.66%−13,840−0.2%Reduced
Price T Rowe Associates Inc6,203,264$428.1M0.05%+878,598+16.5%Added
Sustainable Growth Advisers, LP6,192,636$427.4M2.21%+649,390+11.7%Added
State Farm Mutual Automobile Insurance Co6,142,778$424.0M0.37%00.0%Unchanged
State Street Corp6,047,683$418.2M0.02%+47,430+0.8%Added
Royal Bank of Canada5,088,294$351.2M0.07%−357,992−6.6%Reduced
Renaissance Technologies LLC4,936,796$340.7M0.45%−1,884,600−27.6%Reduced
Goldman Sachs Group Inc4,590,542$316.8M0.05%−392,512−7.9%Reduced
Northern Trust Corp4,421,486$305.2M0.04%−170,386−3.7%Reduced
BlackRock, Inc.4,358,209$300.8M0.01%+79,010+1.8%Added
Envestnet Asset Management Inc4,185,690$288.9M0.08%−305,824−6.8%Reduced
Wells Fargo & Company4,171,623$287.9M0.06%+378,810+10.0%Added
Raymond James Financial Inc3,369,687$232.6M0.08%−345,619−9.3%Reduced
JPMorgan Chase & Co3,324,798$229.5M0.02%−2,169,545−39.5%Reduced
Natixis Advisors, L.P.2,833,071$195.5M0.31%−81,033−2.8%Reduced
WCM Investment Management, LLC2,634,705$180.5M0.41%−1,501,152−36.3%Reduced
Bank of Montreal2,475,300$170.8M0.09%+1,246,467+101.4%Added
Markel Group Inc.SuperinvestorMarkel Group2,258,588$155.9M1.32%+108,588+5.1%Added
Two Sigma Investments, LP2,216,950$153.0M0.28%−930,979−29.6%Reduced
Saturna Capital CORP2,123,692$146.6M1.98%−21,067−1.0%Reduced
Nuveen, LLC2,095,758$144.6M0.04%−3,236,504−60.7%Reduced
UBS Group AG1,857,047$128.2M0.03%+424,021+29.6%Added
DSM Capital Partners LLC1,760,978$121.5M1.80%−295,609−14.4%Reduced
Davenport & Co LLC1,707,030$117.6M0.65%+11,508+0.7%Added
Magellan Asset Management Ltd1,678,195$115.8M1.32%−928,021−35.6%Reduced
Ameriprise Financial Inc1,609,480$110.0M0.03%+167,185+11.6%Added
Balyasny Asset Management LLC1,534,751$105.9M0.24%+1,227,342+399.3%Added
Saratoga Research & Investment Management1,512,677$104.4M5.59%+58,517+4.0%Added
LPL Financial LLC1,486,419$102.6M0.03%+107,212+7.8%Added
Baird Financial Group, Inc.1,476,673$101.9M0.18%+441,034+42.6%Added
Dimensional Fund Advisors LP1,474,022$101.7M0.02%−5,600−0.4%Reduced
Susquehanna International Group, LLP1,406,758$97.1M0.15%−8,155−0.6%Reduced
Two Sigma Advisers, LP1,391,700$96.1M0.20%−3,465,100−71.3%Reduced
Tiger Global Management LLCSuperinvestorTiger Global Management1,269,000$87.6M0.26%00.0%Unchanged
Lazard Asset Management LLC1,264,182$87.3M0.12%+26,588+2.1%Added
Citigroup Inc1,150,970$79.4M0.06%−95,438−7.7%Reduced
Stifel Financial Corp1,146,949$79.2M0.08%−40,568−3.4%Reduced
Victory Capital Management Inc1,119,929$78.0M0.05%+1,059,179+1,743.5%Added
CI Private Wealth, LLC1,051,405$72.6M0.10%−73,013−6.5%Reduced
Parnassus Investments1,011,546$69.8M0.16%+85,463+9.2%Added
Mirae Asset Global Investments Co., Ltd.1,006,406$69.5M0.24%−588,138−36.9%Reduced
Cerity Partners LLC854,222$58.0M0.10%−73,991−8.0%Reduced
Thornburg Investment Management Inc822,677$56.8M0.73%+104,842+14.6%Added
Bank of New York Mellon Corp805,567$55.6M0.01%−34,235−4.1%Reduced
Jane Street Group, LLC759,288$52.4M0.08%+59,123+8.4%Added
American Century Companies Inc740,655$51.1M0.03%−281,556−27.5%Reduced
Van Eck Associates Corp668,595$46.1M0.05%+221,038+49.4%Added
Truist Financial Corp661,648$45.7M0.07%+6,440+1.0%Added
CIBC World Markets Inc.654,063$45.1M0.10%+8,400+1.3%Added
Barclays PLC628,855$43.4M0.02%+204,656+48.2%Added
Colony Group, LLC604,553$41.7M0.09%+151,119+33.3%Added
BNP Paribas Arbitrage, SA589,754$40.7M0.03%−478,162−44.8%Reduced
United Capital Financial Advisers, LLC552,601$38.1M0.31%−23,687−4.1%Reduced
Rockefeller Capital Management L.P.537,734$37.1M0.08%−120,848−18.3%Reduced
The PNC Financial Services Group, Inc.526,234$36.3M0.02%+987+0.2%Added
National Bank of Canada506,146$35.0M0.04%+142,608+39.2%Added
Oppenheimer Asset Management Inc.493,724$34.1M0.39%+23,159+4.9%Added
Nichols & Pratt Advisers LLP492,056$34.0M2.28%+10,742+2.2%Added
Commonwealth Equity Services, LLC475,027$32.8M0.04%+95,756+25.2%Added
Brown Brothers Harriman & Co457,186$31.6M0.20%+3,731+0.8%Added
Vantage Investment Partners, LLC454,124$31.3M2.28%−5,563−1.2%Reduced
GuoLine Advisory Pte Ltd426,700$29.5M3.12%00.0%Unchanged
Invesco Ltd.419,691$29.0M0.00%+87,467+26.3%Added
SEI Investments Co414,769$28.6M0.03%−36,262−8.0%Reduced
Traynor Capital Management, Inc.399,299$27.9M1.98%+44,223+12.5%Added
Citadel Advisors LLC396,472$27.4M0.02%−1,321,926−76.9%Reduced
Obermeyer Wood Investment Counsel, LLLP393,332$27.1M1.35%+257,158+188.8%Added
MayTech Global Investments, LLC410,241$26.7M2.76%+22,710+5.9%Added
Mariner, LLC378,667$26.1M0.04%+7,406+2.0%Added
Prospera Financial Services Inc378,006$26.1M0.49%+275,104+267.3%Added
Warther Private Wealth, LLC377,732$26.1M6.83%+123,392+48.5%Added
Optiver Holding B.V.376,802$26.0M0.70%+280,727+292.2%Added
Holocene Advisors, LP373,010$25.7M0.06%+373,010New
Creative Planning372,131$25.7M0.02%+71,786+23.9%Added
Advisor Group Holdings, Inc.371,330$25.7M0.05%+113,518+44.0%Added
Nomura Holdings Inc367,826$25.4M0.20%+164,975+81.3%Added
Academy Capital Management Inc366,249$25.3M3.61%−1,325−0.4%Reduced
Modera Wealth Management, LLC365,751$25.2M0.31%+6,045+1.7%Added
Reynders McVeigh Capital Management, LLC363,889$25.1M1.25%+363,889New
HighTower Advisors, LLC361,696$25.0M0.03%+28,330+8.5%Added
Causeway Capital Management LLC353,884$24.4M0.39%+353,884New
Federation des caisses Desjardins du Quebec350,975$24.2M0.11%+242,128+222.4%Added
HM Payson & Co348,521$24.1M0.38%+341,480+4,849.9%Added
CIBC Private Wealth Group, LLC345,067$23.8M0.04%+13,404+4.0%Added
HSBC Holdings PLC338,245$23.2M0.01%+59,686+21.4%Added
Acadian Asset Management LLC335,587$23.1M0.05%−709,071−67.9%Reduced
Franklin Resources Inc325,922$22.5M0.01%−160,080−32.9%Reduced
Leonteq Securities AG320,180$22.1M1.30%+201,209+169.1%Added
Clark Capital Management Group, Inc.318,851$22.0M0.15%−291−0.1%Reduced
Charles Schwab Investment Management Inc314,627$21.7M0.00%+53,384+20.4%Added