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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
FWL Investment Management, LLC0$00.00%−557−100.0%Sold out
Mid-American Wealth Advisory Group, Inc.0$00.00%−534−100.0%Sold out
Spirit of America Management Corp0$00.00%−500−100.0%Sold out
Hoese & Co LLP0$00.00%−500−100.0%Sold out
NewSquare Capital LLC0$00.00%−444−100.0%Sold out
LFA - Lugano Financial Advisors SA0$00.00%−340−100.0%Sold out
Riggs Asset Managment Co. Inc.0$00.00%−331−100.0%Sold out
Park Square Financial Group, LLC0$00.00%−300−100.0%Sold out
Bellwether Advisors, LLC0$00.00%−189−100.0%Sold out
Hurley Capital, LLC0$00.00%−160−100.0%Sold out
Maryland Capital Advisors Inc.0$00.00%−159−100.0%Sold out
Wood Tarver Financial Group, LLC0$00.00%−158−100.0%Sold out
Godsey & Gibb Associates0$00.00%−133−100.0%Sold out
CarsonAllaria Wealth Management, Ltd.0$00.00%−122−100.0%Sold out
Macquarie Group Ltd0$00.00%−111−100.0%Sold out
Compass Planning Associates Inc0$00.00%−115−100.0%Sold out
Wolff Wiese Magana LLC0$00.00%−104−100.0%Sold out
Total Investment Management Inc0$00.00%−89−100.0%Sold out
Transce3nd, LLC0$00.00%−65−100.0%Sold out
Slocum, Gordon & Co LLP0$00.00%−42−100.0%Sold out
Rogco, LP0$00.00%−25−100.0%Sold out
Evolution Wealth Management Inc.0$00.00%−20−100.0%Sold out
Kestra Investment Management, LLC0$00.00%−13−100.0%Sold out
Berkshire Capital Holdings Inc0$00.00%−10−100.0%Sold out
Avantax Advisory Services, Inc.––––Not filed
Congress Wealth Management LLC––––Not filed
EP Wealth Advisors, LLC––––Not filed
HAP Trading, LLC––––Not filed
Wambolt & Associates, LLC––––Not filed
Financial Gravity Companies, Inc.––––Not filed
Financial Partners Group, LLC––––Not filed
Moser Wealth Advisors, LLC––––Not filed
Oliver Lagore Vanvalin Investment Group––––Not filed
Schnieders Capital Management LLC––––Not filed
Atria Wealth Solutions, Inc.––––Not filed
Keudell/Morrison Wealth Management––––Not filed
Scott Marsh Financial, LLC––––Not filed
Union Savings Bank––––Not filed
Forte Capital LLC––––Not filed
Grassi Investment Management––––Not filed
First Horizon Advisors, Inc.––––Not filed
Centricity Wealth Management, LLC––––Not filed
Atlas Capital Advisors LLC––––Not filed
Legacy Investment Solutions, LLC––––Not filed
Safe Harbor Fiduciary, LLC––––Not filed
Iron Horse Wealth Management, LLC––––Not filed
Belmont Capital, LLC––––Not filed