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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
QV Investors Inc.126,114$8.70M0.85%+118,420+1,539.1%Added
Value Partners Investments Inc.125,959$8.69M0.68%+35,434+39.1%Added
AQR Capital Management LLC125,450$8.66M0.01%+63,351+102.0%Added
Grimes & Company, Inc.125,356$8.65M0.24%+18,403+17.2%Added
Foresight Group Ltd Liability Partnership124,919$8.64M1.24%+124,919New
Talbot Financial, LLC124,973$8.63M0.82%+23,133+22.7%Added
Hemenway Trust Co LLC123,728$8.54M0.66%+60,648+96.1%Added
Marietta Investment Partners LLC121,959$8.42M1.84%−9,285−7.1%Reduced
Busey Wealth Management121,639$8.40M0.26%+5,106+4.4%Added
Quadrant Capital Group LLC120,458$8.31M0.30%+12,641+11.7%Added
New York State Common Retirement Fund120,294$8.30M0.01%+62,355+107.6%Added
RSM US Wealth Management LLC118,601$8.19M0.11%−4,427−3.6%Reduced
Loring Wolcott & Coolidge Fiduciary Advisors LLP118,240$8.16M0.07%−2,790−2.3%Reduced
Cullen/Frost Bankers, Inc.117,889$8.14M0.10%+1,060+0.9%Added
BFSG, LLC117,450$8.11M0.91%+1,943+1.7%Added
Headinvest, LLC116,989$8.07M1.72%+3,013+2.6%Added
Euro Pacific Asset Management, LLC115,430$7.97M1.29%+25,273+28.0%Added
Brown Advisory Inc114,157$7.88M0.01%−288−0.3%Reduced
Calamos Advisors LLC111,627$7.70M0.03%−377−0.3%Reduced
GWM Advisors LLC109,954$7.59M0.04%−322,391−74.6%Reduced
Lynch Asset Management, Inc.108,700$7.50M2.65%+600+0.6%Added
Callan Family Office, LLC108,592$7.50M0.24%+75,117+224.4%Added
SG Americas Securities, LLC108,251$7.47M0.03%−5,422−4.8%Reduced
CWM, LLC107,998$7.45M0.03%+29,246+37.1%Added
Harbour Trust & Investment Management Co106,227$7.33M0.81%−1,034−1.0%Reduced
Sphera Funds Management Ltd.105,677$7.29M1.91%−12,403−10.5%Reduced
Eagle Global Advisors LLC105,308$7.27M0.29%−1,040−1.0%Reduced
Borer Denton & Associates, Inc.104,941$7.24M2.51%−3,392−3.1%Reduced
Bridger Management, LLC104,386$7.20M4.25%−17,214−14.2%Reduced
SFMG, LLC103,415$7.14M0.54%+103,415New
Farther Finance Advisors, LLC103,138$7.12M0.14%+33,794+48.7%Added
PEAK6 LLC101,570$7.01M0.24%−155,213−60.4%Reduced
Ritholtz Wealth Management101,017$6.97M0.15%−3,292−3.2%Reduced
Mirae Asset Global ETFs Holdings Ltd.100,878$6.96M0.01%+4,391+4.6%Added
Wiley Bros.-Aintree Capital, LLC100,530$6.92M0.05%−31,147−23.7%Reduced
Banco Bilbao Vizcaya Argentaria, S.A.100,215$6.92M0.06%−11,808−10.5%Reduced
Sivik Global Healthcare LLC100,000$6.90M3.09%+30,000+42.9%Added
Clear Street Markets LLC97,762$6.75M2.41%+97,762New
Norden Group LLC96,332$6.65M0.72%+65,877+216.3%Added
Allspring Global Investments Holdings, LLC94,552$6.60M0.01%−3,295−3.4%Reduced
Stansberry Asset Management, LLC94,778$6.54M0.71%+87+0.1%Added
Kovitz Investment Group Partners, LLC94,033$6.49M0.03%+19,851+26.8%Added
Trexquant Investment LP93,598$6.46M0.07%−284,140−75.2%Reduced
Lester Murray Antman dba SimplyRich92,403$6.38M1.78%+5,797+6.7%Added
Wetherby Asset Management Inc91,959$6.35M0.28%+91,959New
Smithbridge Asset Management Inc91,634$6.32M1.11%+3,103+3.5%Added
Biondo Investment Advisors, LLC91,550$6.32M0.83%+91,550New
Ethic Inc.92,144$6.31M0.11%−72,989−44.2%Reduced
ARS Investment Partners, LLC90,761$6.26M0.46%+90,761New
Eastern Bank89,731$6.19M0.12%00.0%Unchanged
Fundamentun, LLC89,369$6.17M0.28%+5,323+6.3%Added
Avantax Advisory Services, Inc.89,178$6.16M0.03%−3,631−3.9%Reduced
CIBC Asset Management Inc89,883$6.15M0.02%+17,459+24.1%Added
Exchange Traded Concepts, LLC87,953$6.07M0.08%+20,084+29.6%Added
Wedbush Securities Inc86,388$5.96M0.21%+5,470+6.8%Added
NFJ Investment Group, LLC85,988$5.93M0.21%−8,027−8.5%Reduced
Park Avenue Securities LLC85,970$5.93M0.05%+85,970New
Private Advisor Group, LLC85,898$5.93M0.03%+14,206+19.8%Added
Lind Value II ApS84,225$5.81M2.56%+68,939+451.0%Added
Greenfield Seitz Capital Management, LLC84,012$5.80M2.05%+5,362+6.8%Added
RKL Wealth Management LLC83,955$5.79M0.51%+620+0.7%Added
Stamos Capital Partners, L.P.83,778$5.78M1.04%+51,364+158.5%Added
Boston Common Asset Management, LLC83,752$5.78M0.16%−2,435−2.8%Reduced
Heirloom Wealth Management83,097$5.74M1.51%+233+0.3%Added
M&T Bank Corp82,638$5.70M0.02%−168,447−67.1%Reduced
Harbour Investment Management LLC82,461$5.69M2.46%−1,000−1.2%Reduced
Whittier Trust Co of Nevada Inc81,517$5.63M0.13%+2,533+3.2%Added
Evelyn Partners Asset Management Ltd80,622$5.56M1.41%+1,919+2.4%Added
Venture Visionary Partners LLC80,609$5.56M0.21%+19,110+31.1%Added
Capital International Inc80,150$5.53M0.05%+23,029+40.3%Added
St Germain D J Co Inc79,785$5.51M0.24%+45+0.1%Added
Hantz Financial Services, Inc.79,542$5.49M0.09%−17,393−17.9%Reduced
Pittenger & Anderson Inc78,863$5.44M0.20%+22,521+40.0%Added
XXEC, Inc.78,185$5.40M4.34%+21,756+38.6%Added
M. Kulyk & Associates, LLC77,322$5.34M1.16%+11,425+17.3%Added
Motley Fool Wealth Management, LLC76,618$5.29M0.32%−13,220−14.7%Reduced
Martin Capital Partners, LLC76,448$5.28M2.07%+55,298+261.5%Added
Signaturefd, LLC75,981$5.24M0.09%+4,923+6.9%Added
Zevin Asset Management LLC75,740$5.23M0.75%−8,951−10.6%Reduced
Peapack Gladstone Financial Corp75,649$5.22M0.07%+46,535+159.8%Added
Ipswich Investment Management Co., Inc.75,012$5.18M1.25%+3,187+4.4%Added
Empowered Funds, LLC74,083$5.11M0.06%+28,613+62.9%Added
Pictet North America Advisors SA73,549$5.08M0.51%+1,395+1.9%Added
Prime Capital Investment Advisors, LLC73,219$5.05M0.07%+7,998+12.3%Added
Nilsine Partners, LLC72,917$5.03M0.51%−926−1.3%Reduced
Wendell David Associates Inc72,802$5.03M0.51%−3,975−5.2%Reduced
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main72,577$5.01M0.01%+3,573+5.2%Added
Beutel, Goodman & Co Ltd.72,518$5.00M0.03%−6,645−8.4%Reduced
Van Hulzen Asset Management, LLC72,270$4.99M0.42%+80+0.1%Added
Jarislowsky, Fraser Ltd71,840$4.96M0.03%−8,533−10.6%Reduced
Solidarilty Wealth, LLC71,435$4.93M1.15%+59,933+521.1%Added
Bard Financial Services, Inc.69,970$4.83M0.58%−11,795−14.4%Reduced
Stokes Capital Advisors, LLC69,729$4.81M1.18%+7,127+11.4%Added
Walleye Trading LLC69,475$4.80M0.12%−101,941−59.5%Reduced
KMG Fiduciary Partners, LLC69,441$4.79M0.36%+69,441New
Janus Henderson Group PLC67,379$4.65M0.00%−316,551−82.5%Reduced
London & Capital Asset Management Ltd66,848$4.61M0.35%−54,736−45.0%Reduced
Zions Bancorporation, National Association66,429$4.58M0.25%+12,033+22.1%Added
Whittier Trust Co66,181$4.57M0.06%+5,101+8.4%Added
Bleakley Financial Group, LLC66,081$4.56M0.12%−4,637−6.6%Reduced