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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
Kidder Stephen W29,305$2.02M0.61%+12,130+70.6%Added
Financial Gravity Companies, Inc.29,546$2.04M0.40%+29,546New
Dorsey & Whitney Trust CO LLC29,591$2.04M0.11%−955−3.1%Reduced
Webster Bank, N. A.29,706$2.05M0.21%−9,931−25.1%Reduced
Axxcess Wealth Management, LLC29,840$2.06M0.05%+780+2.7%Added
Settian Capital LP30,000$2.07M1.46%00.0%Unchanged
Patten & Patten Inc30,166$2.08M0.13%−481−1.6%Reduced
Fairfield Financial Advisors, LTD30,358$2.10M0.73%−11,469−27.4%Reduced
Claret Asset Management Corp30,430$2.10M0.27%+101+0.3%Added
Hilltop Holdings Inc.30,674$2.12M0.14%+3,739+13.9%Added
Dynamic Advisor Solutions LLC30,758$2.12M0.07%+6,920+29.0%Added
Lowe Brockenbrough & Co Inc30,801$2.13M0.12%−450−1.4%Reduced
HB Wealth Management, LLC30,915$2.13M0.02%−3,537−10.3%Reduced
Cresset Asset Management, LLC31,081$2.15M0.01%−28,985−48.3%Reduced
Karani Asset Management LLC31,125$2.15M2.08%+493+1.6%Added
Marshall Wace, LLP31,200$2.15M0.00%+6,075+24.2%Added
Alaethes Wealth LLC31,207$2.15M0.64%+3,673+13.3%Added
Sawyer & Company, Inc45,062$2.16M0.77%−11,906−20.9%Reduced
Matauro, LLC31,337$2.16M0.41%+31,337New
Clean Yield Group31,531$2.18M0.65%−1,545−4.7%Reduced
Mount Yale Investment Advisors, LLC31,610$2.18M0.17%−9,899−23.8%Reduced
Kavar Capital Partners Group, LLC32,431$2.24M0.32%00.0%Unchanged
Capital International Ltd32,458$2.24M0.09%+453+1.4%Added
Renaissance Investment Group LLC32,699$2.26M0.49%+2,498+8.3%Added
Sanibel Captiva Trust Company, Inc.32,790$2.26M0.07%+15,764+92.6%Added
Wambolt & Associates, LLC32,532$2.27M0.76%−2,163−6.2%Reduced
Inspire Trust Co, N.A.33,000$2.28M0.47%+5,000+17.9%Added
MMBG Investment Advisors Co.33,262$2.30M0.23%+3,277+10.9%Added
Ieq Capital, LLC33,406$2.31M0.01%+7,720+30.1%Added
Skopos Labs, Inc.33,429$2.31M0.30%+19,010+131.8%Added
Abc Arbitrage SA33,779$2.33M0.27%+33,779New
Altfest L J & Co Inc34,027$2.35M0.28%+17,853+110.4%Added
TownSquare Capital, LLC34,141$2.36M0.23%−264,082−88.6%Reduced
Qtron Investments LLC34,172$2.36M0.30%−1,593−4.5%Reduced
Federated Hermes, Inc.34,286$2.37M0.00%−85,040−71.3%Reduced
Arjuna Capital34,443$2.38M0.63%−1,196−3.4%Reduced
Greenleaf Trust34,675$2.39M0.02%−754−2.1%Reduced
Arkadios Wealth Advisors34,790$2.40M0.07%+20,397+141.7%Added
Benjamin Edwards Inc34,851$2.41M0.03%+9,058+35.1%Added
Snowden Capital Advisors LLC35,229$2.43M0.07%−7,251−17.1%Reduced
Icon Wealth Advisors, LLC35,546$2.45M0.17%+13,480+61.1%Added
Ballentine Partners, LLC35,629$2.46M0.04%+6,801+23.6%Added
Millennium Management LLC35,661$2.46M0.00%−852,026−96.0%Reduced
Boston Family Office LLC35,673$2.46M0.16%−2,175−5.7%Reduced
Sterling Capital Management LLC35,962$2.48M0.04%+11,375+46.3%Added
Benedict Financial Advisors Inc36,113$2.49M0.56%−1,644−4.4%Reduced
TrueMark Investments, LLC36,151$2.50M0.54%+24,839+219.6%Added
Garrison Point Advisors, LLC36,268$2.50M1.15%00.0%Unchanged
Pinnacle Associates Ltd36,362$2.51M0.04%−6,168−14.5%Reduced
Regions Financial Corp36,442$2.52M0.02%−8,615−19.1%Reduced
Teewinot Capital Advisers, L.L.C.36,497$2.52M0.21%00.0%Unchanged
Iams Wealth Management, LLC36,661$2.53M1.16%−279−0.8%Reduced
Altman Advisors, Inc.36,420$2.54M1.04%+1,160+3.3%Added
Principal Securities, Inc.36,922$2.55M0.05%+2,831+8.3%Added
Guild Investment Management, Inc.36,995$2.55M2.22%+6,345+20.7%Added
Stonegate Investment Group, LLC37,428$2.58M0.06%+4,917+15.1%Added
Sequoia Financial Advisors, LLC37,434$2.58M0.02%+5,672+17.9%Added
Union Heritage Capital, LLC37,528$2.59M0.90%00.0%Unchanged
Woodmont Investment Counsel LLC37,589$2.59M0.17%−80,833−68.3%Reduced
Loudon Investment Management, LLC37,671$2.60M1.44%+37,671New
Aviso Financial Inc.37,822$2.61M0.12%+702+1.9%Added
Walled Lake Planning & Wealth Management, LLC37,892$2.62M0.85%+37,892New
Stokes Family Office, LLC38,221$2.64M0.28%+29,782+352.9%Added
Korea Investment CORP38,392$2.65M0.01%00.0%Unchanged
Atomi Financial Group, Inc.38,730$2.67M0.10%+8,560+28.4%Added
Yousif Capital Management, LLC38,849$2.68M0.03%+2,553+7.0%Added
DGS Capital Management, LLC39,040$2.69M0.56%−313−0.8%Reduced
Spears Abacus Advisors LLC39,049$2.70M0.05%−24,776−38.8%Reduced
Resources Investment Advisors, LLC.39,409$2.72M0.03%−748−1.9%Reduced
Allworth Financial LP39,650$2.74M0.01%+8,845+28.7%Added
Cloverfields Capital Group, LP39,722$2.74M0.81%+13,533+51.7%Added
Nicollet Investment Management, Inc.39,838$2.75M0.92%−2,124−5.1%Reduced
Autumn Glory Partners, LLC39,854$2.75M1.29%+3,724+10.3%Added
Tevis Investment Management39,862$2.75M1.76%+24,799+164.6%Added
Telligent Fund, LP40,000$2.76M2.52%+40,000New
D.A. Davidson & Co.40,418$2.79M0.02%+14,091+53.5%Added
Umb Bank N A40,589$2.80M0.04%−231−0.6%Reduced
Comgest Global Investors S.A.S.40,762$2.81M0.05%00.0%Unchanged
Broderick Brian C41,061$2.83M0.56%+8,350+25.5%Added
Auxano Advisors, LLC41,262$2.85M0.66%+1,870+4.7%Added
Sovran Advisors, LLC40,930$2.85M0.30%+4,371+12.0%Added
North Star Asset Management Inc41,464$2.86M0.12%+6,752+19.5%Added
Beacon Pointe Advisors, LLC41,698$2.88M0.03%−86,461−67.5%Reduced
Portside Wealth Group, LLC41,738$2.88M0.43%−2,814−6.3%Reduced
Rathbone Brothers plc42,048$2.90M0.01%+42+0.1%Added
Lynx Capital Group Ltd42,070$2.90M1.40%+30,788+272.9%Added
ICW Investment Advisors LLC42,226$2.91M1.15%+939+2.3%Added
Stiles Financial Services Inc42,265$2.92M1.01%+775+1.9%Added
Verde Capital Management42,837$2.96M0.73%+5,639+15.2%Added
Wealth Advisory Solutions, LLC42,877$2.96M0.75%+340+0.8%Added
Bartlett & Co. Wealth Management LLC42,920$2.96M0.04%+34+0.1%Added
Capital Group Private Client Services, Inc.43,111$2.98M0.03%+5,062+13.3%Added
Blair William & Co43,200$2.98M0.01%−5,819−11.9%Reduced
Fifth Third Bancorp43,261$2.99M0.01%−2,810−6.1%Reduced
Lockheed Martin Investment Management Co43,450$3.00M0.11%+27,900+179.4%Added
Verdence Capital Advisors LLC43,846$3.03M0.21%+63+0.1%Added
Westpac Banking Corp43,895$3.03M0.20%−28,978−39.8%Reduced
Puzo Michael J43,933$3.03M0.86%+19,383+79.0%Added
Norman Fields, Gottscho Capital Management, LLC43,937$3.03M1.00%−33,275−43.1%Reduced
First Foundation Advisors43,945$3.03M0.11%+40,226+1,081.6%Added