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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: 1,745 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 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 20241,866$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, 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
Peterson Wealth Services25––−172−87.3%Reduced
Horizon Financial Services, LLC0$00.00%−8−100.0%Sold out
Nuveen, LLC0$00.00%−2,095,758−100.0%Sold out
DSM Capital Partners LLC0$00.00%−1,760,978−100.0%Sold out
Magellan Asset Management Ltd0$00.00%−1,678,195−100.0%Sold out
Tiger Global Management LLCSuperinvestorTiger Global Management0$00.00%−1,269,000−100.0%Sold out
Holocene Advisors, LP0$00.00%−373,010−100.0%Sold out
Clark Capital Management Group, Inc.0$00.00%−318,851−100.0%Sold out
AXA S.A.0$00.00%−267,933−100.0%Sold out
Wellington Management Group LLP0$00.00%−260,619−100.0%Sold out
Freestone Grove Partners LP0$00.00%−256,224−100.0%Sold out
Barlow Wealth Partners, Inc.0$00.00%−236,999−100.0%Sold out
Walter Public Investments Inc.0$00.00%−207,409−100.0%Sold out
Polen Capital Management LLC0$00.00%−178,669−100.0%Sold out
Segment Wealth Management, LLC0$00.00%−160,668−100.0%Sold out
Parkwood LLC0$00.00%−159,438−100.0%Sold out
Mediolanum International Funds Ltd0$00.00%−151,856−100.0%Sold out
Hardman Johnston Global Advisors LLC0$00.00%−149,855−100.0%Sold out
Janney Capital Management LLC0$00.00%−143,089−100.0%Sold out
Archon Partners LLC0$00.00%−140,000−100.0%Sold out
Value Partners Investments Inc.0$00.00%−125,959−100.0%Sold out
Sivik Global Healthcare LLC0$00.00%−100,000−100.0%Sold out
Clear Street Markets LLC0$00.00%−97,762−100.0%Sold out
Stansberry Asset Management, LLC0$00.00%−94,778−100.0%Sold out
Trexquant Investment LP0$00.00%−93,598−100.0%Sold out
Whittier Trust Co of Nevada Inc0$00.00%−81,517−100.0%Sold out
Pictet North America Advisors SA0$00.00%−73,549−100.0%Sold out
Janus Henderson Group PLC0$00.00%−67,379−100.0%Sold out
London & Capital Asset Management Ltd0$00.00%−66,848−100.0%Sold out
Whittier Trust Co0$00.00%−66,181−100.0%Sold out
Condor Capital Management0$00.00%−62,402−100.0%Sold out
Greenwood Capital Associates LLC0$00.00%−56,884−100.0%Sold out
Sendero Wealth Management, LLC0$00.00%−54,258−100.0%Sold out
Hamilton Wealth, LLC0$00.00%−52,998−100.0%Sold out
Sage Capital Advisors,llc0$00.00%−46,999−100.0%Sold out
Capital Wealth Planning, LLC0$00.00%−45,286−100.0%Sold out
Strong Tower Advisory Services0$00.00%−44,420−100.0%Sold out
First Foundation Advisors0$00.00%−43,945−100.0%Sold out
Westpac Banking Corp0$00.00%−43,895−100.0%Sold out
Verde Capital Management0$00.00%−42,837−100.0%Sold out
Telligent Fund, LP0$00.00%−40,000−100.0%Sold out
Guild Investment Management, Inc.0$00.00%−36,995−100.0%Sold out
Altman Advisors, Inc.0$00.00%−36,420−100.0%Sold out
Abc Arbitrage SA0$00.00%−33,779−100.0%Sold out
Renaissance Investment Group LLC0$00.00%−32,699−100.0%Sold out
Capital International Ltd0$00.00%−32,458−100.0%Sold out
Alaethes Wealth LLC0$00.00%−31,207−100.0%Sold out
Marshall Wace, LLP0$00.00%−31,200−100.0%Sold out
Ar Asset Management Inc0$00.00%−28,240−100.0%Sold out
Ramirez Asset Management, Inc.0$00.00%−27,948−100.0%Sold out
Live Oak Private Wealth LLC0$00.00%−27,708−100.0%Sold out
Foresight Capital Management Advisors, Inc.0$00.00%−26,580−100.0%Sold out
Haverford Trust Co0$00.00%−25,612−100.0%Sold out
SALT Holding Corp.0$00.00%−24,684−100.0%Sold out
Clare Market Investments LLC0$00.00%−23,035−100.0%Sold out
Eqis Capital Management, Inc.0$00.00%−22,557−100.0%Sold out
Freedom Day Solutions, LLC0$00.00%−22,511−100.0%Sold out
Empire Financial Management Company, LLC0$00.00%−20,710−100.0%Sold out
Polar Asset Management Partners Inc.0$00.00%−18,600−100.0%Sold out
Henshaw Capital LLC0$00.00%−18,506−100.0%Sold out
Dakota Wealth Management0$00.00%−17,301−100.0%Sold out
Sunpointe, LLC0$00.00%−16,202−100.0%Sold out
Edgemoor Investment Advisors, Inc.0$00.00%−15,190−100.0%Sold out
Dempze Nancy E0$00.00%−14,678−100.0%Sold out
ICONIQ Capital, LLC0$00.00%−14,536−100.0%Sold out
Brown Miller Wealth Management, LLC0$00.00%−13,658−100.0%Sold out
Turtle Creek Wealth Advisors, LLC0$00.00%−12,307−100.0%Sold out
Milestone Asset Management, LLC0$00.00%−11,945−100.0%Sold out
GM Advisory Group, Inc.0$00.00%−11,616−100.0%Sold out
BTC Capital Management, Inc.0$00.00%−11,481−100.0%Sold out
Chilton Investment Co LLC0$00.00%−11,460−100.0%Sold out
Csenge Advisory Group0$00.00%−9,778−100.0%Sold out
Pinpoint Asset Management (Singapore) Pte. Ltd.0$00.00%−9,238−100.0%Sold out
Pecaut & Co.0$00.00%−9,200−100.0%Sold out
Ausdal Financial Partners, Inc.0$00.00%−9,100−100.0%Sold out
BSW Wealth Partners0$00.00%−9,099−100.0%Sold out
Capital Square, LLC0$00.00%−8,778−100.0%Sold out
J. Safra Sarasin Holding AG0$00.00%−8,500−100.0%Sold out
Embree Financial Group0$00.00%−8,231−100.0%Sold out
Patriot Financial Group Insurance Agency, LLC0$00.00%−8,070−100.0%Sold out
Transatlantique Private Wealth LLC0$00.00%−8,054−100.0%Sold out
Covenant Partners, LLC0$00.00%−7,991−100.0%Sold out
Harmony Asset Management LLC0$00.00%−7,900−100.0%Sold out
American Trust0$00.00%−7,721−100.0%Sold out
Founders Financial Securities LLC0$00.00%−7,688−100.0%Sold out
V-Square Quantitative Management LLC0$00.00%−7,627−100.0%Sold out
Hudock, Inc.0$00.00%−7,590−100.0%Sold out
GKV Capital Management Co., Inc.0$00.00%−7,100−100.0%Sold out
Garden State Investment Advisory Services LLC0$00.00%−7,059−100.0%Sold out
American National Bank0$00.00%−7,005−100.0%Sold out
Financial Advocates Investment Management0$00.00%−6,944−100.0%Sold out
Curated Wealth Partners LLC0$00.00%−6,789−100.0%Sold out
Montis Financial, LLC0$00.00%−6,568−100.0%Sold out
Bellevue Group AG0$00.00%−6,500−100.0%Sold out
Fox Hill Wealth Management0$00.00%−6,160−100.0%Sold out
Flputnam Investment Management Co0$00.00%−6,136−100.0%Sold out
Westfield Capital Management Co LP0$00.00%−5,995−100.0%Sold out
Jaffetilchin Investment Partners, LLC0$00.00%−5,924−100.0%Sold out
GQG Partners LLC0$00.00%−5,923−100.0%Sold out
Nomura Asset Management Co Ltd0$00.00%−5,872−100.0%Sold out