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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 1,355 | $15.7B |
| Q1 2026 | 1,278 | $12.0B |
| Q4 2025 | 1,421 | $16.0B |
| Q3 2025 | 1,401 | $16.7B |
| Q2 2025 | 1,486 | $21.3B |
| Q1 2025 | 1,535 | $22.5B |
| Q4 2024 | 1,670 | $29.1B |
| Q3 2024 | 1,787 | $39.7B |
| Q2 2024 | 1,866 | $47.9B |
| Q1 2024 | 1,745 | $41.8B |
| Q4 2023 | 1,512 | $32.2B |
| Q3 2023 | 1,308 | $27.4B |
| Q2 2023 | 1,198 | $23.2B |
| Q1 2023 | 1,148 | $22.1B |
| Q4 2022 | 1,050 | $19.4B |
| Q3 2022 | 908 | $13.8B |
| Q2 2022 | 934 | $16.4B |
| Q1 2022 | 902 | $15.2B |
| Q4 2021 | 887 | $14.7B |
| Q3 2021 | 806 | $12.7B |
| Q2 2021 | 737 | $11.0B |
| Q1 2021 | 708 | $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.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| F/M Investments LLC | 126,633 | $7.03M | 0.27% | −1,829−1.4% | Reduced |
| Vontobel Holding Ltd. | 127,418 | $7.07M | 0.02% | −13,325−9.5% | Reduced |
| Palisade Capital Management LLC | 128,422 | $7.13M | 0.19% | −93−0.1% | Reduced |
| Deutsche Bank AG | 128,458 | $7.13M | 0.00% | −18,334−12.5% | Reduced |
| QRG Capital Management, Inc. | 129,331 | $7.18M | 0.09% | −103,385−44.4% | Reduced |
| M. Kulyk & Associates, LLC | 130,009 | $7.21M | 1.47% | +52,687+68.1% | Added |
| Hikari Power Ltd | 130,300 | $7.23M | 0.58% | 00.0% | Unchanged |
| SCS Capital Management LLC | 136,190 | $7.56M | 0.08% | +126,891+1,364.6% | Added |
| Talbot Financial, LLC | 138,104 | $7.66M | 0.65% | +13,131+10.5% | Added |
| JustInvest LLC | 138,672 | $7.70M | 0.08% | −11,244−7.5% | Reduced |
| Claudia M.P. Batlle, CRP (R) LLC | 138,693 | $7.70M | 2.84% | +138,693 | New |
| Heirloom Wealth Management | 138,715 | $7.70M | 1.86% | +55,618+66.9% | Added |
| Bridgewater Associates, LP | 138,947 | $7.71M | 0.03% | +138,947 | New |
| Cabot Wealth Management Inc | 140,058 | $7.77M | 0.86% | −663−0.5% | Reduced |
| LHM, Inc. | 141,487 | $7.85M | 2.60% | 00.0% | Unchanged |
| Guardian Partners Inc. | 134,363 | $7.95M | 0.67% | +3,811+2.9% | Added |
| Walleye Capital LLC | 143,765 | $7.98M | 0.06% | +143,737+513,346.4% | Added |
| Claret Asset Management Corp | 144,998 | $8.05M | 0.96% | +114,568+376.5% | Added |
| CWM, LLC | 145,793 | $8.09M | 0.02% | +37,795+35.0% | Added |
| PEAK6 LLC | 146,546 | $8.13M | 0.20% | +44,976+44.3% | Added |
| Cambridge Investment Research Advisors, Inc. | 149,628 | $8.30M | 0.02% | −58,341−28.1% | Reduced |
| Jones Financial Companies LLLP | 149,885 | $8.33M | 0.01% | +14,017+10.3% | Added |
| Captrust Financial Advisors | 151,345 | $8.40M | 0.02% | −9,296−5.8% | Reduced |
| RPG Investment Advisory, LLC | 152,574 | $8.47M | 1.00% | +17,662+13.1% | Added |
| Oak Family Advisors, LLC | 153,085 | $8.49M | 2.75% | +11,705+8.3% | Added |
| ARS Investment Partners, LLC | 153,916 | $8.54M | 0.56% | +63,155+69.6% | Added |
| Bulltick Wealth Management, LLC | 157,888 | $8.76M | 2.07% | +96,931+159.0% | Added |
| Birch Capital Management, LLC | 158,386 | $8.79M | 4.48% | +19,628+14.1% | Added |
| Kornitzer Capital Management Inc | 159,045 | $8.83M | 0.18% | +2,962+1.9% | Added |
| Level Four Advisory Services, LLC | 159,807 | $8.87M | 0.30% | +423+0.3% | Added |
| Janney Montgomery Scott LLC | 159,928 | $8.87M | 0.02% | +3,811+2.4% | Added |
| TrueMark Investments, LLC | 160,416 | $8.90M | 1.55% | +124,265+343.7% | Added |
| Mercer Global Advisors Inc | 161,891 | $8.98M | 0.01% | −7,012−4.2% | Reduced |
| Glenmede Investment Management, LP | 163,298 | $9.06M | 0.04% | +25,308+18.3% | Added |
| Foresight Global Investors, Inc. | 165,294 | $9.17M | 5.45% | −76,872−31.7% | Reduced |
| Neuberger Berman Group LLC | 166,709 | $9.25M | 0.01% | −12,857−7.2% | Reduced |
| Scotia Capital Inc. | 166,887 | $9.26M | 0.04% | −24,460−12.8% | Reduced |
| Foundation Resource Management Inc | 167,766 | $9.31M | 1.34% | +167,766 | New |
| Atria Investments LLC | 168,339 | $9.34M | 0.11% | −15,572−8.5% | Reduced |
| Beacon Investment Advisory Services, Inc. | 170,939 | $9.49M | 0.40% | −22,224−11.5% | Reduced |
| Group One Trading, L.P. | 178,583 | $9.91M | 0.30% | −104,008−36.8% | Reduced |
| Leonteq Securities AG | 179,680 | $9.97M | 0.53% | −140,500−43.9% | Reduced |
| Russell Investments Group, Ltd. | 181,082 | $10.0M | 0.01% | +18,371+11.3% | Added |
| Manning & Napier Advisors LLC | 182,201 | $10.1M | 0.13% | −21,973−10.8% | Reduced |
| Eldred Rock Partners, LLC | 184,151 | $10.2M | 2.55% | +18,932+11.5% | Added |
| Standard Life Aberdeen plc | 185,515 | $10.3M | 0.02% | −70,525−27.5% | Reduced |
| Private Advisory Group LLC | 185,816 | $10.3M | 0.90% | +180,442+3,357.7% | Added |
| Massachusetts Financial Services Co | 188,430 | $10.5M | 0.00% | +21,457+12.9% | Added |
| Northwestern Mutual Wealth Management Co | 189,146 | $10.5M | 0.01% | +3,004+1.6% | Added |
| Trillium Asset Management, LLC | 189,156 | $10.5M | 0.28% | −1,807−0.9% | Reduced |
| HighTower Advisors, LLC | 191,235 | $10.6M | 0.01% | −170,461−47.1% | Reduced |
| Evergreen Capital Management LLC | 192,428 | $10.7M | 0.25% | +21,080+12.3% | Added |
| Adviser Investments LLC | 193,931 | $10.8M | 0.12% | −48,129−19.9% | Reduced |
| Quantitative Investment Management, LLC | 198,699 | $11.0M | 1.53% | +198,699 | New |
| Wealth Enhancement Advisory Services, LLC | 186,866 | $11.0M | 0.02% | −17,117−8.4% | Reduced |
| Hutchinson Capital Management | 199,395 | $11.1M | 1.91% | −1,422−0.7% | Reduced |
| Capital World Investors | 210,862 | $11.7M | 0.00% | −4,824−2.2% | Reduced |
| Sanctuary Advisors, LLC | 213,848 | $11.9M | 0.07% | −53,171−19.9% | Reduced |
| Cim, LLC | 217,291 | $12.1M | 1.58% | −8,307−3.7% | Reduced |
| Eversept Partners, LP | 217,708 | $12.1M | 0.93% | +217,708 | New |
| Acadian Asset Management LLC | 219,184 | $12.2M | 0.02% | −116,403−34.7% | Reduced |
| JLB & Associates Inc | 219,624 | $12.2M | 1.60% | +1,426+0.7% | Added |
| O'Shaughnessy Asset Management, LLC | 220,697 | $12.2M | 0.07% | −60,896−21.6% | Reduced |
| Northstar Asset Management Inc | 222,348 | $12.3M | 3.21% | +52,791+31.1% | Added |
| QV Investors Inc. | 223,158 | $12.4M | 1.07% | +97,044+76.9% | Added |
| Kovitz Investment Group Partners, LLC | 224,199 | $12.4M | 0.05% | +130,166+138.4% | Added |
| Quinn Opportunity Partners LLC | 226,000 | $12.5M | 0.92% | +226,000 | New |
| Generate Investment Management Ltd | 229,962 | $12.8M | 0.65% | +69,423+43.2% | Added |
| MML Investors Services, LLC | 230,142 | $12.8M | 0.03% | −17,719−7.1% | Reduced |
| Oppenheimer & Co Inc | 232,565 | $12.9M | 0.16% | +57,043+32.5% | Added |
| Capital International Inc | 233,578 | $13.0M | 0.10% | +153,428+191.4% | Added |
| Capital Fund Management S.A. | 234,742 | $13.0M | 0.13% | +234,742 | New |
| Credit Agricole S A | 235,635 | $13.1M | 0.04% | +235,635 | New |
| Lido Advisors, LLC | 235,827 | $13.1M | 0.05% | +27,395+13.1% | Added |
| Commonwealth Equity Services, LLC | 237,978 | $13.2M | 0.02% | −237,049−49.9% | Reduced |
| W.G. Shaheen & Associates DBA Whitney & Co | 238,746 | $13.2M | 1.20% | +94,598+65.6% | Added |
| HRT Financial LP | 241,036 | $13.4M | 0.05% | +89,330+58.9% | Added |
| Assetmark, Inc | 241,924 | $13.4M | 0.03% | +24,425+11.2% | Added |
| Altrafin AG | 248,105 | $13.8M | 4.36% | +19,706+8.6% | Added |
| Hudson Bay Capital Management LP | 254,606 | $14.1M | 0.09% | +254,606 | New |
| Knuff & Co LLC | 255,024 | $14.2M | 4.10% | +127,105+99.4% | Added |
| Quantinno Capital Management LP | 267,296 | $14.8M | 0.04% | +21,856+8.9% | Added |
| US Bancorp | 269,363 | $14.9M | 0.02% | −30,103−10.1% | Reduced |
| Menora Mivtachim Holdings Ltd. | 270,168 | $15.0M | 0.08% | 00.0% | Unchanged |
| Carnegie Capital Asset Management, LLC | 272,869 | $15.1M | 0.29% | −16,640−5.7% | Reduced |
| Martin Investment Management, LLC | 275,206 | $15.3M | 3.88% | −1,541−0.6% | Reduced |
| BLKBRD Asset Management, LP | 279,014 | $15.5M | 4.31% | +279,014 | New |
| IMC-Chicago, LLC | 283,170 | $15.7M | 0.28% | +4,627+1.7% | Added |
| SEI Investments Co | 289,522 | $16.1M | 0.02% | −125,247−30.2% | Reduced |
| Mackenzie Financial Corp | 289,551 | $16.1M | 0.02% | +289,551 | New |
| Lind Value II ApS | 299,144 | $16.6M | 6.26% | +214,919+255.2% | Added |
| Pathstone Holdings, LLC | 301,546 | $16.7M | 0.06% | +21,387+7.6% | Added |
| Aquatic Capital Management LLC | 303,448 | $16.8M | 0.31% | +303,448 | New |
| Dillon & Associates Inc | 311,900 | $17.2M | 2.21% | +8,017+2.6% | Added |
| Dividend Assets Capital, LLC | 310,701 | $17.2M | 3.02% | +48,339+18.4% | Added |
| Clifford Swan Investment Counsel LLC | 311,168 | $17.3M | 0.57% | +37,453+13.7% | Added |
| Penbrook Management LLC | 311,600 | $17.3M | 12.07% | +200+0.1% | Added |
| Euro Pacific Asset Management, LLC | 278,816 | $17.5M | 2.11% | +163,386+141.5% | Added |
| Cetera Investment Advisers | 330,618 | $18.3M | 0.02% | +62,904+23.5% | Added |
| Reynders McVeigh Capital Management, LLC | 342,134 | $19.0M | 0.89% | −21,755−6.0% | Reduced |