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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, Q3 2025

Institutional positions in Novo Nordisk A S as of Sep 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
1,401
−62 vs. Q2 2025
Shares held
300.9M
−7.02M (−2.3%) vs. Q2 2025
Total value
$16.7B
−$4.54B (−21.4%) vs. Q2 2025
New holders
161
505 more added
Sold out
223
550 more reduced

23 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2025: 1,401 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 heldQ3 2025: $16.7B
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, Q3 2025

Shares, value and share of portfolio for each institution holding Novo Nordisk A S; share changes are against Q2 2025.

Institutions holding NVO in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Bear Mountain Capital, Inc.4$2190.00%+4New
PFS Partners, LLC4$2220.00%00.0%Unchanged
Fiduciary Advisors, Inc.8$4440.00%00.0%Unchanged
Beacon Capital Management, Inc.10$5550.00%00.0%Unchanged
Contravisory Investment Management, Inc.10$5550.00%+10New
Richardson Financial Services Inc.12$6660.00%−174−93.5%Reduced
Mark Sheptoff Financial Planning, LLC13$7090.00%−122−90.4%Reduced
Navigoe, LLC32$1.00K0.00%+32New
Winch Advisory Services, LLC18$1.02K0.00%00.0%Unchanged
MV Capital Management, Inc.20$1.11K0.00%00.0%Unchanged
Richard W. Paul & Associates, LLC20$1.11K0.00%00.0%Unchanged
Strategic Advocates LLC20$1.11K0.00%+20New
Kerr Financial Planning Corp26$1.27K0.00%+26New
Proathlete Wealth Management LLC23$1.28K0.00%−8−25.8%Reduced
Clear Investment Research, LLC29$1.61K0.00%00.0%Unchanged
Caitlin John, LLC30$1.68K0.00%+30New
NVWM, LLC31$1.76K0.00%00.0%Unchanged
ZRC Wealth Management, LLC36$2.00K0.00%+36New
Alexis Investment Partners, LLC36$2.00K0.00%+36New
Abound Wealth Management36$2.02K0.00%+4+12.5%Added
Country Trust Bank38$2.11K0.00%00.0%Unchanged
St. Johns Investment Management Company, LLC38$2.11K0.00%00.0%Unchanged
IMG Wealth Management, Inc.39$2.16K0.00%00.0%Unchanged
Robinswood Financial LLC41$2.27K0.00%00.0%Unchanged
Riverview Trust Co42$2.33K0.00%00.0%Unchanged
American Capital Advisory, LLC43$2.39K0.00%+43New
New Millennium Group LLC46$2.55K0.00%00.0%Unchanged
Wealth Watch Advisors, INC49$2.72K0.00%+49New
Crowley Wealth Management, Inc.50$2.77K0.00%00.0%Unchanged
Accredited Wealth Management, LLC20$2.77K0.00%−30−60.0%Reduced
Clayton Financial Group LLC50$2.77K0.00%+50New
City Holding Co51$2.83K0.00%+51New
Kilter Group LLC57$3.16K0.00%+12+26.7%Added
HighMark Wealth Management LLC59$3.26K0.00%00.0%Unchanged
Delta Asset Management LLC60$3.33K0.00%00.0%Unchanged
DiNuzzo Private Wealth, Inc.60$3.39K0.00%00.0%Unchanged
NFJ Investment Group, LLC63$3.50K0.00%−85,925−99.9%Reduced
Fairman Group, LLC63$3.50K0.00%+63New
CGC Financial Services, LLC65$3.61K0.00%00.0%Unchanged
Essential Partners LLC67$3.72K0.00%+67New
Barnes Dennig Private Wealth Management LLC68$3.77K0.00%00.0%Unchanged
Hoey Investments, Inc68$3.77K0.00%00.0%Unchanged
Horrell Capital Management, Inc.70$3.88K0.00%−5−6.7%Reduced
DecisionPoint Financial, LLC66$3.91K0.00%00.0%Unchanged
CKW Financial Group60$4.00K0.00%+10+20.0%Added
Blume Capital Management, Inc.75$4.16K0.00%−145−65.9%Reduced
West Branch Capital LLC78$4.33K0.00%00.0%Unchanged
Hopwood Financial Services, Inc.78$4.33K0.00%00.0%Unchanged
Beaird Harris Wealth Management, LLC80$4.43K0.00%+11+15.9%Added
Federated Hermes, Inc.80$4.44K0.00%−34,206−99.8%Reduced
Western Pacific Wealth Management, LP80$4.44K0.00%00.0%Unchanged
Fourth Dimension Wealth, LLC83$4.61K0.00%−397−82.7%Reduced
Wealth Preservation Advisors, LLC86$4.77K0.00%+28+48.3%Added
Inlight Wealth Management, LLC90$4.99K0.00%00.0%Unchanged
Bruce G. Allen Investments, LLC90$4.99K0.00%+22+32.4%Added
HHM Wealth Advisors, LLC90$5.00K0.00%00.0%Unchanged
JDM Financial Group LLC95$5.27K0.00%00.0%Unchanged
1620 Investment Advisors, Inc.96$5.33K0.00%00.0%Unchanged
Pittenger & Anderson Inc100$5.55K0.00%−78,763−99.9%Reduced
Gold Investment Management Ltd.100$5.55K0.00%00.0%Unchanged
Game Plan Financial Advisors, LLC100$5.55K0.00%00.0%Unchanged
Team Financial Group, LLC100$5.55K0.00%00.0%Unchanged
Quest 10 Wealth Builders, Inc.100$5.55K0.01%00.0%Unchanged
Operose Advisors LLC100$5.55K0.00%+100New
GoalVest Advisory LLC101$5.60K0.00%−1,750−94.5%Reduced
First United Bank Trust105$5.83K0.00%00.0%Unchanged
Global Wealth Strategies & Associates107$5.94K0.00%+7+7.0%Added
First PREMIER Bank100$6.00K0.00%00.0%Unchanged
Legacy Wealth Managment, LLC109$6.05K0.00%00.0%Unchanged
Financial Freedom, LLC115$6.38K0.00%00.0%Unchanged
Newton One Investments LLC115$6.38K0.00%00.0%Unchanged
West Oak Capital, LLC117$6.50K0.00%+100+588.2%Added
Pacifica Partners Inc.110$6.51K0.00%+86+358.3%Added
SWAN Capital LLC120$6.66K0.00%+60+100.0%Added
Hughes Financial Services, LLC152$6.98K0.00%00.0%Unchanged
Groupe la Francaise949$7.06K0.00%+949New
Montag A & Associates Inc128$7.09K0.00%−9,274−98.6%Reduced
Financial Consulate, Inc131$7.27K0.00%+131New
Aspect Partners, LLC133$7.38K0.00%+70+111.1%Added
Bare Financial Services, Inc142$7.88K0.00%+22+18.3%Added
SJS Investment Consulting Inc.150$8.32K0.00%−4−2.6%Reduced
United Community Bank154$8.54K0.00%+108+234.8%Added
Creative Financial Designs Inc158$8.78K0.00%+10+6.8%Added
Bank of Jackson Hole Trust160$8.88K0.00%00.0%Unchanged
Nemes Rush Group LLC163$9.02K0.00%−17,961−99.1%Reduced
Cape Investment Advisory, Inc.163$9.04K0.01%+69+73.4%Added
Principia Wealth Advisory, LLC166$9.21K0.01%+105+172.1%Added
Tacita Capital Inc169$9.38K0.01%00.0%Unchanged
Tidemark, LLC170$9.44K0.00%00.0%Unchanged
Marshall & Sterling Wealth Advisors Inc.171$9.48K0.01%−16−8.6%Reduced
Valued Wealth Advisors LLC175$9.71K0.00%00.0%Unchanged
Cornerstone Planning Group LLC56$9.73K0.00%−652−92.1%Reduced
Sachetta, LLC178$9.88K0.00%−1−0.6%Reduced
YANKCOM Partnership190$10.5K0.00%00.0%Unchanged
Davidson Capital Management Inc.190$10.5K0.00%+190New
SOA Wealth Advisors, LLC.197$10.9K0.00%00.0%Unchanged
Transamerica Financial Advisors, Inc.200$11.1K0.00%−656−76.6%Reduced
McIlrath & Eck, LLC200$11.1K0.00%00.0%Unchanged
Archer Investment Corp204$11.3K0.00%+101+98.1%Added
Retirement Wealth Solutions LLC206$11.4K0.01%+134+186.1%Added