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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
Armstrong Advisory Group, Inc208$11.5K0.00%−270−56.5%Reduced
Tripletail Wealth Management, LLC196$11.6K0.01%+196New
Measured Wealth Private Client Group, LLC210$11.7K0.00%+210New
Quaker Wealth Management, LLC215$11.9K0.00%00.0%Unchanged
Ritter Daniher Financial Advisory LLC218$12.1K0.00%−132−37.7%Reduced
MJT & Associates Financial Advisory Group, Inc.224$12.4K0.01%00.0%Unchanged
CVA Family Office, LLC230$12.8K0.00%00.0%Unchanged
Pingora Partners LLC240$13.3K0.01%00.0%Unchanged
North Capital, Inc.243$13.5K0.01%−344−58.6%Reduced
Piscataqua Savings Bank250$13.9K0.01%00.0%Unchanged
CNB Bank250$13.9K0.01%−30−10.7%Reduced
Evermay Wealth Management LLC250$13.9K0.00%00.0%Unchanged
Innovative Advisory Group, LLC250$13.9K0.01%00.0%Unchanged
Hemington Wealth Management266$14.0K0.00%+48+22.0%Added
Bank & Trust Co257$14.3K0.01%00.0%Unchanged
MPWM Advisory Solutions, LLC260$14.4K0.01%00.0%Unchanged
Redmont Wealth Advisors LLC268$14.9K0.02%00.0%Unchanged
Pacific Center for Financial Services270$15.0K0.00%00.0%Unchanged
Capital Analysts, LLC254$15.0K0.00%−2−0.8%Reduced
Atlantic Edge Private Wealth Management, LLC275$15.3K0.00%−200−42.1%Reduced
Medallion Wealth Advisors, LLC276$15.3K0.01%−72−20.7%Reduced
Silicon Valley Capital Partners276$15.3K0.00%+276New
WealthCollab, LLC278$15.4K0.01%−194−41.1%Reduced
Vermillion & White Wealth Management Group, LLC291$16.2K0.01%+55+23.3%Added
Citizens National Bank Trust Department300$16.6K0.00%00.0%Unchanged
MTM Investment Management, LLC300$16.6K0.01%00.0%Unchanged
Kathleen S. Wright Associates Inc.302$16.8K0.01%00.0%Unchanged
Caldwell Sutter Capital, Inc.312$17.3K0.01%00.0%Unchanged
Baillie Gifford & Co314$17.4K0.00%+184+141.5%Added
Hartford Financial Management Inc.318$17.6K0.00%00.0%Unchanged
IAG Wealth Partners, LLC326$18.1K0.00%00.0%Unchanged
Bullock Wealth Management Group306$18.1K0.01%−52−14.5%Reduced
First Command Advisory Services, Inc.330$18.3K0.00%00.0%Unchanged
Raffa Wealth Management, LLC337$18.7K0.00%+40+13.5%Added
Bell Investment Advisors, Inc346$19.2K0.00%−99−22.2%Reduced
Albion Financial Group353$19.6K0.00%00.0%Unchanged
Strategic Investment Solutions, Inc.365$20.3K0.01%+165+82.5%Added
Accent Capital Management, LLC368$20.4K0.01%−421−53.4%Reduced
Glass Jacobson Investment Advisors llc370$20.5K0.01%00.0%Unchanged
Alerus Financial NA371$20.6K0.00%+185+99.5%Added
Prestige Wealth Management Group LLC379$21.0K0.00%00.0%Unchanged
UMA Financial Services, Inc.387$21.5K0.00%−285−42.4%Reduced
Roxbury Financial LLC400$22.2K0.02%+400New
United Financial Planning Group LLC409$22.7K0.01%+409New
Disciplina Capital Management LLC416$23.1K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.422$23.4K0.00%00.0%Unchanged
Pin Oak Investment Advisors Inc425$23.6K0.02%00.0%Unchanged
Grey Fox Wealth Advisors, LLC428$23.8K0.00%+428New
Oakworth Capital, Inc.437$24.2K0.00%+1+0.2%Added
True Wealth Design, LLC443$24.6K0.01%+300+209.8%Added
Kelly Lawrence W & Associates Inc450$25.0K0.01%00.0%Unchanged
Guerra Advisors Inc450$25.0K0.01%+450New
DAGCO, Inc.450$25.0K0.01%00.0%Unchanged
GW&K Investment Management, LLC442$25.0K0.00%00.0%Unchanged
Roble, Belko & Company, Inc458$25.0K0.00%+25+5.8%Added
Rossby Financial, LCC430$25.4K0.01%−5−1.1%Reduced
Red Tortoise LLC476$26.4K0.01%00.0%Unchanged
CX Institutional480$27.0K0.00%00.0%Unchanged
Atwood & Palmer Inc488$27.1K0.00%−249−33.8%Reduced
Plante Moran Financial Advisors, LLC490$27.2K0.00%00.0%Unchanged
Indiana Trust & Investment Management CO491$27.2K0.01%00.0%Unchanged
POM Investment Strategies, LLC494$27.4K0.01%00.0%Unchanged
Chelsea Counsel Co500$27.7K0.01%00.0%Unchanged
Kozak & Associates, Inc.593$28.7K0.01%+113+23.5%Added
Tortoise Investment Management, LLC527$29.3K0.00%+38+7.8%Added
Hager Investment Management Services, LLC530$29.4K0.02%00.0%Unchanged
Highline Wealth Partners LLC535$29.7K0.01%−9−1.7%Reduced
Financial Management Professionals, Inc.537$29.8K0.00%−87−13.9%Reduced
DT Investment Partners, LLC542$30.1K0.00%00.0%Unchanged
Pinnacle Bancorp, Inc.542$30.1K0.01%00.0%Unchanged
Halbert Hargrove Global Advisors, LLC549$30.4K0.00%00.0%Unchanged
Allianz SE578$32.1K0.00%+238+70.0%Added
Granite FO LLC590$32.7K0.02%00.0%Unchanged
Financial Life Planners603$33.5K0.02%+603New
Fortitude Family Office, LLC612$34.0K0.01%−226−27.0%Reduced
Graney & King, LLC615$34.1K0.02%+3+0.5%Added
Trifecta Capital Advisors, LLC616$34.2K0.01%00.0%Unchanged
Copeland Capital Management, LLC641$35.6K0.00%+62+10.7%Added
Horizon Investments, LLC651$36.1K0.00%−5,723−89.8%Reduced
Strengthening Families & Communities, LLC533$37.5K0.01%+533New
Johnson Financial Group, Inc.684$38.0K0.00%+384+128.0%Added
ORG Partners LLC700$38.8K0.01%00.0%Unchanged
Steigerwald, Gordon & Koch Inc.704$39.1K0.00%+704New
Quent Capital, LLC726$40.3K0.00%+726New
Center for Financial Planning, Inc.744$41.3K0.00%−70−8.6%Reduced
MCF Advisors LLC755$41.9K0.00%00.0%Unchanged
Solstein Capital, LLC794$44.1K0.02%−14,483−94.8%Reduced
TD Capital Management LLC794$44.1K0.00%+1+0.1%Added
Missouri Trust & Investment Co800$44.4K0.01%00.0%Unchanged
Rocky Mountain Advisers, LLC800$44.4K0.01%+800New
Community Bank, N.A.806$44.7K0.01%+806New
Root Financial Partners, LLC816$45.3K0.00%+816New
Lavaca Capital LLC840$46.6K0.01%00.0%Unchanged
Provenance Wealth Advisors, LLC841$46.7K0.01%00.0%Unchanged
Trust Co of Toledo NA856$47.5K0.00%00.0%Unchanged
Colonial Trust Co864$47.9K0.01%+32+3.8%Added
Westfuller Advisors, LLC881$48.9K0.02%+881New
Kennebec Savings Bank892$49.5K0.05%00.0%Unchanged
TSFG, LLC901$50.0K0.01%00.0%Unchanged
Costello Asset Management, INC921$51.1K0.02%−185−16.7%Reduced