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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
Cyndeo Wealth Partners, LLC3,744$207.8K0.01%+88+2.4%Added
Blue Barn Wealth, LLC3,748$208.0K0.09%−1,095−22.6%Reduced
Crestwood Advisors Group LLC3,763$208.8K0.00%−803−17.6%Reduced
Fidelis Capital Partners, LLC3,788$210.2K0.02%−1,006−21.0%Reduced
Perennial Investment Advisors, LLC3,809$211.4K0.02%−746−16.4%Reduced
Meritage Portfolio Management3,819$211.9K0.01%−148,831−97.5%Reduced
44 Wealth Management LLC3,824$212.2K0.07%−742−16.3%Reduced
IPG Investment Advisors LLC3,826$212.3K0.04%+3,826New
Curat Global, LLC3,830$212.5K0.20%00.0%Unchanged
D'Orazio & Associates, Inc.3,852$213.7K0.03%−1,353−26.0%Reduced
Berkeley Capital Partners, LLC3,864$214.4K0.05%+3,864New
Diversified Trust Co3,883$215.5K0.00%−56−1.4%Reduced
Canandaigua National Bank & Trust Co3,891$215.9K0.02%−2,177−35.9%Reduced
Xponance, Inc.3,891$215.9K0.00%+519+15.4%Added
Brave Asset Management Inc3,896$216.2K0.05%+3,896New
Aegis Wealth Management LLC3,902$216.5K0.12%00.0%Unchanged
Marshall Financial Group LLC3,907$216.8K0.04%−25−0.6%Reduced
Atala Financial Inc3,921$217.6K0.14%+3,921New
LJI Wealth Management, LLC3,930$218.1K0.04%−1,200−23.4%Reduced
Elser Financial Planning, Inc3,714$218.2K0.26%00.0%Unchanged
Mitchell Sinkler & Starr3,935$218.4K0.10%+3,935New
Cornerstone Wealth Management, LLC3,945$218.9K0.01%−1,699−30.1%Reduced
Capital Markets Trading UK LLP3,946$219.0K0.22%+3,946New
Angeles Wealth Management, LLC3,954$219.4K0.01%−6,527−62.3%Reduced
Kuhn & Co Investment Counsel3,970$220.3K0.17%00.0%Unchanged
Sig Brokerage, LP3,986$221.2K0.06%−13,052−76.6%Reduced
Fca Corp4,000$222.0K0.06%00.0%Unchanged
Paces Ferry Wealth Advisors, LLC4,001$222.0K0.09%+387+10.7%Added
Mosaic Family Wealth Partners, LLC4,007$222.4K0.03%+259+6.9%Added
TRUE Private Wealth Advisors4,008$222.5K0.02%−1,072−21.1%Reduced
Bill Few Associates, Inc.4,017$222.9K0.06%+817+25.5%Added
Everpar Advisors LLC4,026$223.4K0.09%−20−0.5%Reduced
Werba Rubin Papier Wealth Management4,029$223.6K0.04%−349−8.0%Reduced
Journey Strategic Wealth LLC4,043$224.3K0.01%−2,912−41.9%Reduced
Novare Capital Management LLC4,046$224.5K0.02%+622+18.2%Added
Fedenia Advisers LLC4,080$226.4K0.09%+4,080New
Clear Harbor Asset Management, LLC4,090$227.0K0.02%−5,606−57.8%Reduced
Innova Wealth Partners4,091$227.0K0.12%+1,073+35.6%Added
Kovack Advisors, Inc.4,109$228.0K0.02%+4,109New
Gamco Investors, Inc. Et Al4,144$230.0K0.00%−400−8.8%Reduced
Azimuth Capital Investment Management LLC4,150$230.3K0.01%+4,150New
Fortress Private Ledger, LLC4,190$232.5K0.08%+4,190New
Key Financial Inc3,936$232.9K0.04%+4+0.1%Added
Opal Wealth Advisors, LLC4,207$233.4K0.06%+1,091+35.0%Added
Colorado Capital Management, Inc.4,209$234.0K0.09%−20−0.5%Reduced
Monarch Capital Management Inc4,220$234.2K0.06%+4,220New
Inspirion Wealth Advisors, LLC1,972$234.8K0.03%+1,972New
Romano Brothers and Company4,258$236.3K0.03%−625−12.8%Reduced
Bridgefront Capital, LLC4,278$237.4K0.07%+4,278New
NFP Retirement, Inc.4,281$237.5K0.02%−179−4.0%Reduced
BIP Wealth, LLC4,288$237.9K0.01%+795+22.8%Added
Beacon Financial Group4,307$239.0K0.02%+178+4.3%Added
Painted Porch Advisors LLC4,312$239.3K0.09%−100−2.3%Reduced
FineMark National Bank & Trust4,339$240.8K0.01%+370+9.3%Added
Avaii Wealth Management, LLC4,339$240.8K0.09%+4,339New
Leo Wealth, LLC4,343$241.0K0.03%−1,312−23.2%Reduced
Brucke Financial, Inc.4,893$242.0K0.14%−1,051−17.7%Reduced
Strategy Asset Managers LLC4,364$242.2K0.04%+280+6.9%Added
Caitong International Asset Management Co., Ltd4,378$242.9K0.17%+4,378New
Signature Wealth Management Partners, LLC4,382$243.2K0.13%+1,382+46.1%Added
Telos Capital Management, Inc.4,402$244.3K0.02%+4,402New
Spire Wealth Management4,405$244.4K0.01%−5,316−54.7%Reduced
Simplicity Wealth,LLC4,415$245.0K0.01%+992+29.0%Added
Wimmer Associates 1, LLC4,425$245.5K0.12%00.0%Unchanged
Chevy Chase Trust Holdings, Inc.4,449$246.9K0.00%+753+20.4%Added
Knights of Columbus Asset Advisors LLC4,493$249.3K0.01%+107+2.4%Added
Atlas Brown,Inc.4,499$249.7K0.07%−4,526−50.1%Reduced
AMG National Trust Bank4,513$250.4K0.01%+62+1.4%Added
Robertson Stephens Wealth Management, LLC4,520$250.8K0.01%+4,520New
Foster Dykema Cabot & Partners, LLC4,526$251.1K0.02%00.0%Unchanged
Verus Capital Partners, LLC4,530$251.4K0.02%−1,454−24.3%Reduced
Avestar Capital, LLC4,557$252.9K0.02%−610−11.8%Reduced
Winthrop Capital Management, LLC4,602$255.0K0.06%+741+19.2%Added
VestGen Advisors, LLC4,598$255.1K0.01%−3,121−40.4%Reduced
Burns J W & Co Inc4,600$255.3K0.03%00.0%Unchanged
Westerkirk Capital Inc.4,600$255.3K0.03%+4,600New
Stratos Wealth Advisors, LLC4,600$255.3K0.01%+672+17.1%Added
Central Trust Co4,607$255.7K0.01%−438−8.7%Reduced
Bank of Hawaii4,618$256.3K0.01%+4,618New
Cary Street Partners Financial LLC4,640$257.4K0.01%−17,936−79.4%Reduced
Ruggaard & Associates LLC4,688$260.1K0.10%+4,688New
Almanack Investment Partners, LLC.4,696$260.6K0.04%+4,696New
CoreFirst Bank & Trust4,723$262.1K0.14%−62−1.3%Reduced
Beacon Financial Advisory LLC4,730$262.5K0.06%+4,730New
Venture Visionary Partners LLC4,732$262.6K0.01%−75,877−94.1%Reduced
GHP Investment Advisors, Inc.4,771$264.7K0.01%00.0%Unchanged
Symphony Financial Services, Inc.4,788$265.7K0.14%−583−10.9%Reduced
Abundance Wealth Counselors4,793$266.0K0.05%+662+16.0%Added
Baker Chad R4,815$267.2K0.05%00.0%Unchanged
GPS Wealth Strategies Group, LLC4,821$267.5K0.03%−287−5.6%Reduced
Tradewinds Capital Management, LLC4,860$269.7K0.06%00.0%Unchanged
Wilkinson Global Asset Management LLC4,870$270.2K0.02%+1,490+44.1%Added
Camden Capital, LLC4,875$270.5K0.02%+1,230+33.7%Added
Encompass More Asset Management4,881$270.8K0.05%+1,057+27.6%Added
Patton Albertson Miller Group, LLC4,900$271.9K0.03%−230−4.5%Reduced
Torrey Growth & Income Advisors4,901$272.0K0.08%+4,901New
Capital Investment Advisors, LLC4,907$272.3K0.00%−1,053−17.7%Reduced
Park National Corp4,921$273.1K0.01%+911+22.7%Added
Aspiriant, LLC4,935$273.8K0.01%+49+1.0%Added
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors4,970$275.8K0.03%−9,003−64.4%Reduced