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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
Cordatus Wealth Management LLC0$00.00%−5,868−100.0%Sold out
Mainstay Capital Management LLC0$00.00%−5,838−100.0%Sold out
Prelude Capital Management, LLC0$00.00%−5,802−100.0%Sold out
Unique Wealth Strategies, LLC0$00.00%−5,750−100.0%Sold out
Means Investment Co., Inc.0$00.00%−5,387−100.0%Sold out
Quadcap Wealth Management, LLC0$00.00%−5,379−100.0%Sold out
Harbour Capital Advisors, LLC0$00.00%−5,300−100.0%Sold out
Thoroughbred Financial Services, LLC0$00.00%−5,327−100.0%Sold out
Westover Capital Advisors, LLC0$00.00%−5,222−100.0%Sold out
GWN Securities Inc.0$00.00%−5,142−100.0%Sold out
Wrapmanager Inc0$00.00%−5,113−100.0%Sold out
Sargent Investment Group, LLC0$00.00%−7,776−100.0%Sold out
Reuter James Wealth Management, LLC0$00.00%−5,096−100.0%Sold out
Capital Group Investment Management Pte. Ltd.0$00.00%−5,019−100.0%Sold out
Mosaic Financial Group, LLC0$00.00%−4,889−100.0%Sold out
Dover Advisors, LLC0$00.00%−4,850−100.0%Sold out
Hodges Capital Management Inc.0$00.00%−4,842−100.0%Sold out
Greenwich Wealth Management LLC0$00.00%−4,800−100.0%Sold out
North Berkeley Wealth Management, LLC0$00.00%−4,740−100.0%Sold out
Lifestyle Asset Management, Inc.0$00.00%−4,674−100.0%Sold out
Boston Private Wealth LLC0$00.00%−4,560−100.0%Sold out
Prossimo Advisors, LLC0$00.00%−4,520−100.0%Sold out
Hobbs Group Advisors, LLC0$00.00%−4,378−100.0%Sold out
Phillips Wealth Planners LLC0$00.00%−4,014−100.0%Sold out
Redmond Asset Management, LLC0$00.00%−4,039−100.0%Sold out
Annex Advisory Services, LLC0$00.00%−4,033−100.0%Sold out
Opinicus Capital, Inc.0$00.00%−4,024−100.0%Sold out
Roman Butler Fullerton & Co0$00.00%−3,869−100.0%Sold out
LCM Capital Management Inc0$00.00%−3,895−100.0%Sold out
Cannon Advisors, Inc.0$00.00%−3,886−100.0%Sold out
Drive Wealth Management, LLC0$00.00%−3,859−100.0%Sold out
Wealthcare Advisory Partners LLC0$00.00%−3,834−100.0%Sold out
Shelton Capital Management0$00.00%−3,790−100.0%Sold out
Brandywine Managers, LLC0$00.00%−3,747−100.0%Sold out
Stock Yards Bank & Trust Co0$00.00%−3,696−100.0%Sold out
Chesley Taft & Associates LLC0$00.00%−3,650−100.0%Sold out
Cornerstone Advisory, LLC0$00.00%−3,640−100.0%Sold out
WSFS Capital Management, LLC0$00.00%−3,626−100.0%Sold out
IFC Advisors LLC0$00.00%−3,582−100.0%Sold out
Cobblestone Capital Advisors LLC0$00.00%−3,556−100.0%Sold out
Foster Group, Inc.0$00.00%−3,554−100.0%Sold out
Ledyard National Bank0$00.00%−3,543−100.0%Sold out
Colonial River Wealth Management, LLC0$00.00%−3,435−100.0%Sold out
Stanley-Laman Group, Ltd.0$00.00%−3,531−100.0%Sold out
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors0$00.00%−3,526−100.0%Sold out
Graham Capital Management, L.P.0$00.00%−3,518−100.0%Sold out
Veracity Capital LLC0$00.00%−3,473−100.0%Sold out
Old Port Advisors0$00.00%−3,466−100.0%Sold out
Cornerstone Select Advisors, LLC0$00.00%−3,443−100.0%Sold out
Impact Capital Partners LLC0$00.00%−3,439−100.0%Sold out
Alterna Wealth Management, Inc0$00.00%−3,431−100.0%Sold out
Northeast Investment Management0$00.00%−3,405−100.0%Sold out
Hoxton Planning & Management, LLC0$00.00%−3,402−100.0%Sold out
AA Financial Advisors, LLC0$00.00%−3,391−100.0%Sold out
Financial Engines Advisors L.L.C.0$00.00%−3,384−100.0%Sold out
Kaizen Financial Strategies0$00.00%−3,354−100.0%Sold out
Horizon Investment Services, LLC0$00.00%−3,345−100.0%Sold out
OneAscent Financial Services LLC0$00.00%−3,319−100.0%Sold out
Family Management Corp0$00.00%−3,330−100.0%Sold out
Cypress Advisory Group LLC0$00.00%−3,300−100.0%Sold out
Sand Hill Global Advisors, LLC0$00.00%−3,287−100.0%Sold out
Prosperity Consulting Group, LLC0$00.00%−3,283−100.0%Sold out
Sage Private Wealth Group, LLC0$00.00%−3,273−100.0%Sold out
Laurel Wealth Advisors LLC0$00.00%−3,255−100.0%Sold out
Ariadne Wealth Management, LP0$00.00%−4,378−100.0%Sold out
Brass Tax Wealth Management, Inc0$00.00%−3,225−100.0%Sold out
D. Scott Neal, Inc.0$00.00%−3,210−100.0%Sold out
GTS Securities LLC0$00.00%−3,163−100.0%Sold out
Moneta Group Investment Advisors LLC0$00.00%−3,136−100.0%Sold out
RB Capital Management, LLC0$00.00%−3,119−100.0%Sold out
Blue Capital, Inc.0$00.00%−3,101−100.0%Sold out
Cypress Wealth Services, LLC0$00.00%−3,093−100.0%Sold out
Magnolia Capital Advisors LLC0$00.00%−3,092−100.0%Sold out
Bigelow Investment Advisors, LLC0$00.00%−3,084−100.0%Sold out
Oxford Financial Group Ltd0$00.00%−3,030−100.0%Sold out
Howard Capital Management Group, LLC0$00.00%−3,022−100.0%Sold out
Pinnacle Wealth Management Advisory Group, LLC0$00.00%−3,020−100.0%Sold out
Enterprise Financial Services Corp0$00.00%−3,014−100.0%Sold out
Northstar Group, Inc.0$00.00%−3,000−100.0%Sold out
Ironwood Investment Counsel, LLC0$00.00%−2,981−100.0%Sold out
Keystone Financial Group0$00.00%−2,976−100.0%Sold out
Genesis Private Wealth, LLC0$00.00%−2,950−100.0%Sold out
Aspen Grove Capital, LLC0$00.00%−2,944−100.0%Sold out
Smith, Moore & Co.0$00.00%−2,933−100.0%Sold out
Ellis Investment Partners, LLC0$00.00%−2,924−100.0%Sold out
Seldon Capital LP0$00.00%−2,910−100.0%Sold out
Austin Private Wealth, LLC0$00.00%−2,521−100.0%Sold out
Wellington Shields Capital Management, LLC0$00.00%−1,920−100.0%Sold out
Wellington Shields & Co., LLC0$00.00%−1,432−100.0%Sold out
Thurston, Springer, Miller, Herd & Titak, Inc.0$00.00%−1,356−100.0%Sold out
GFG Capital, LLC0$00.00%−1,321−100.0%Sold out
Beacon Capital Management, LLC0$00.00%−1,279−100.0%Sold out
Garde Capital, Inc.0$00.00%−1,185−100.0%Sold out
Traub Capital Management LLC0$00.00%−1,170−100.0%Sold out
Financial Connections Group, Inc.0$00.00%−1,002−100.0%Sold out
State of Wyoming0$00.00%−950−100.0%Sold out
Atticus Wealth Management, LLC0$00.00%−946−100.0%Sold out
Olistico Wealth, LLC0$00.00%−755−100.0%Sold out
Twin Peaks Wealth Advisors, LLC0$00.00%−915−100.0%Sold out
Maseco LLP0$00.00%−570−100.0%Sold out