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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: 1,745 institutionsQ2 2024: 1,866 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 20241,866$47.9B
Q1 20241,745$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
Bridges Investment Management Inc7,300$503.8K0.01%−250−3.3%Reduced
First Manhattan Co7,300$503.8K0.00%+59+0.8%Added
Defined Wealth Management, LLC7,278$502.3K0.31%+785+12.1%Added
Motco10,665$502.0K0.05%+1,005+10.4%Added
Miracle Mile Advisors, LLC7,257$500.8K0.01%+3,255+81.3%Added
PAX Financial Group, LLC7,228$498.9K0.10%−2,891−28.6%Reduced
Boreal Capital Management LLC7,165$494.5K0.41%+7,165New
Cromwell Holdings LLC7,140$492.8K0.30%+1,436+25.2%Added
GKV Capital Management Co., Inc.7,100$490.0K0.22%+7,100New
Calamos Wealth Management LLC7,067$487.8K0.02%−15,697−69.0%Reduced
Garden State Investment Advisory Services LLC7,059$487.3K0.13%+3,167+81.4%Added
American National Bank7,005$483.5K0.05%−13−0.2%Reduced
Heritage Family Offices, LLP6,968$482.9K0.24%00.0%Unchanged
LRT Capital Management, LLC6,983$482.0K0.29%−7,354−51.3%Reduced
Samalin Investment Counsel, LLC6,979$481.7K0.18%+372+5.6%Added
Journey Strategic Wealth LLC6,955$480.0K0.02%−2,451−26.1%Reduced
Financial Advocates Investment Management6,944$479.3K0.04%−8,515−55.1%Reduced
Old National Bancorp6,903$476.4K0.01%+3,140+83.4%Added
Bayesian Capital Management, LP6,900$476.2K0.08%−5,500−44.4%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)6,899$476.2K0.00%+6,307+1,065.4%Added
Rock Point Advisors, LLC6,850$472.8K0.13%−150−2.1%Reduced
BNC Wealth Management, LLC6,806$469.7K0.14%00.0%Unchanged
Curated Wealth Partners LLC6,789$468.6K0.05%+18+0.3%Added
SeaCrest Wealth Management, LLC6,782$468.1K0.05%−4,456−39.7%Reduced
Accuvest Global Advisors6,784$468.0K0.30%+6,784New
Modern Wealth Management, LLC6,774$467.5K0.01%+806+13.5%Added
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management6,760$466.6K0.01%+232+3.6%Added
InTrack Investment Management Inc6,731$464.6K0.31%+6,731New
Marco Investment Management LLC6,702$462.6K0.04%00.0%Unchanged
Ridgewood Investments LLC6,627$457.4K0.20%+4,457+205.4%Added
Seven Mile Advisory6,619$456.8K0.27%+545+9.0%Added
Southland Equity Partners LLC6,575$453.8K0.10%+297+4.7%Added
Montis Financial, LLC6,568$453.3K0.13%−3,650−35.7%Reduced
Gallacher Capital Management LLC6,552$452.2K0.21%+144+2.2%Added
Jim Saulnier & Associates, LLC6,544$451.7K0.31%+230+3.6%Added
Strategic Wealth Designers6,518$449.9K0.65%+1,066+19.6%Added
Canopy Partners, LLC6,504$448.9K0.16%+71+1.1%Added
Diversify Advisory Services, LLC9,017$448.9K0.02%+766+9.3%Added
Gordian Capital Singapore Pte Ltd6,500$448.6K0.68%00.0%Unchanged
Bellevue Group AG6,500$448.6K0.01%+6,500New
FDx Advisors, Inc.6,490$448.0K0.14%−3,802−36.9%Reduced
Sierra Ocean, LLC6,474$446.8K0.32%−31−0.5%Reduced
First Financial Corp6,470$446.6K0.20%00.0%Unchanged
Intrust Bank NA6,465$446.2K0.04%−895−12.2%Reduced
Flow Traders U.S. LLC6,467$446.0K0.02%−16,997−72.4%Reduced
Ameriflex Group, Inc.6,511$440.8K0.23%+525+8.8%Added
Horizon Investments, LLC6,374$439.9K0.01%+908+16.6%Added
Custom Index Systems, LLC6,281$433.5K0.21%−2,030−24.4%Reduced
Herold Advisors, Inc.6,262$432.2K0.09%+962+18.2%Added
Leavell Investment Management, Inc.6,250$431.4K0.02%+978+18.6%Added
Invst, LLC6,246$431.1K0.05%−461−6.9%Reduced
Security Financial Services, INC.6,215$429.0K0.08%+1,212+24.2%Added
Abel Hall, LLC6,205$428.3K0.20%+1,184+23.6%Added
Legacy Capital Wealth Partners, LLC6,174$426.1K0.10%−404−6.1%Reduced
Fox Hill Wealth Management6,160$425.2K0.22%−225−3.5%Reduced
XTX Topco Ltd6,144$424.1K0.02%−4,018−39.5%Reduced
Flputnam Investment Management Co6,136$423.5K0.01%+1,070+21.1%Added
Bank of Stockton6,120$422.4K0.13%−1,811−22.8%Reduced
Empower Advisory Group, LLC6,093$420.6K0.00%−4,549−42.7%Reduced
Canandaigua National Bank & Trust Co6,068$418.8K0.04%+1,795+42.0%Added
Lockerman Financial Group, Inc.6,056$418.0K0.56%+6,056New
Klingman & Associates, LLC6,055$417.9K0.02%+2,753+83.4%Added
Monticello Wealth Management, LLC6,024$415.8K0.03%+307+5.4%Added
AXS Investments LLC6,000$414.1K0.17%00.0%Unchanged
Martel Wealth Advisors Inc6,000$414.1K0.08%00.0%Unchanged
Westfield Capital Management Co LP5,995$413.8K0.00%+5,995New
Verus Capital Partners, LLC5,984$413.0K0.04%+2,296+62.3%Added
Capital Investment Advisors, LLC5,960$411.4K0.01%+152+2.6%Added
Red Wave Investments LLC5,956$411.1K0.14%+64+1.1%Added
Zuckerman Investment Group, LLC5,952$410.8K0.04%−1,700−22.2%Reduced
Brucke Financial, Inc.5,944$410.3K0.29%−157−2.6%Reduced
Jaffetilchin Investment Partners, LLC5,924$408.9K0.03%+5,924New
GQG Partners LLC5,923$408.8K0.00%−111,202−94.9%Reduced
First Affirmative Financial Network5,922$408.7K0.21%+1,019+20.8%Added
Plimoth Trust Co LLC5,900$407.2K0.10%+10+0.2%Added
Aureus Asset Management, LLC5,876$405.6K0.03%+5,876New
Nomura Asset Management Co Ltd5,872$405.3K0.00%+5,872New
Cordatus Wealth Management LLC5,868$405.0K0.10%−106−1.8%Reduced
Chemung Canal Trust Co5,854$404.0K0.08%−370−5.9%Reduced
Mainstay Capital Management LLC5,838$402.9K0.02%+5,838New
Prelude Capital Management, LLC5,802$400.5K0.04%−11,412−66.3%Reduced
Mission Creek Capital Partners, Inc.5,798$400.2K0.09%+43+0.7%Added
Banque Transatlantique SA5,754$397.7K0.01%+2,924+103.3%Added
Unique Wealth Strategies, LLC5,750$396.9K0.17%00.0%Unchanged
True North Advisors, LLC5,732$395.6K0.08%+2,232+63.8%Added
Eisler Capital Management Ltd.5,710$394.3K0.01%+5,710New
AE Wealth Management LLC5,700$393.4K0.00%−42−0.7%Reduced
Glen Eagle Advisors, LLC5,694$393.0K0.06%−1,625−22.2%Reduced
Scott Marsh Financial, LLC5,659$390.6K0.14%+5,659New
Leo Wealth, LLC5,655$390.3K0.03%+2,040+56.4%Added
Kentucky Trust Co5,650$390.0K0.22%00.0%Unchanged
Cornerstone Wealth Management, LLC5,644$389.6K0.02%−1,220−17.8%Reduced
Heron Bay Capital Management5,606$386.9K0.08%+478+9.3%Added
Valmark Advisers, Inc.5,603$386.7K0.01%+40+0.7%Added
Focus Financial Network, Inc.5,559$383.7K0.02%−866−13.5%Reduced
Manchester Capital Management LLC5,548$382.9K0.05%+98+1.8%Added
Perkins Coie Trust Co5,542$382.5K0.07%−3−0.1%Reduced
Sage Mountain Advisors LLC5,536$382.1K0.02%−320−5.5%Reduced
180 Wealth Advisors, LLC5,492$379.1K0.05%+478+9.5%Added
Fifth Third Wealth Advisors LLC5,428$374.6K0.02%+1,249+29.9%Added