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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
Canopy Partners, LLC6,506$361.0K0.12%+20.0%Added
Diversified Enterprises, LLC6,516$361.6K0.02%−2,191−25.2%Reduced
Jim Saulnier & Associates, LLC6,544$363.1K0.20%00.0%Unchanged
Marco Investment Management LLC6,550$363.5K0.03%−152−2.3%Reduced
Strategic Wealth Designers6,584$365.3K0.03%+66+1.0%Added
Cooper Financial Group6,618$367.2K0.04%+6,618New
Ironsides Asset Advisors, LLC6,623$367.5K0.09%+6,623New
Viawealth, LLC6,636$368.2K0.20%−4,320−39.4%Reduced
Mayflower Financial Advisors, LLC6,659$369.5K0.05%−795−10.7%Reduced
BridgePort Financial Solutions, LLC6,684$370.9K0.10%−4,899−42.3%Reduced
Peoples Financial Services Corp.6,691$371.3K0.17%−775−10.4%Reduced
TD Private Client Wealth LLC6,720$372.9K0.01%+4,140+160.5%Added
Traveka Wealth, LLC6,786$376.6K0.17%−815−10.7%Reduced
Rock Point Advisors, LLC6,850$380.1K0.10%00.0%Unchanged
Heritage Family Offices, LLP6,853$380.3K0.18%−115−1.7%Reduced
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management6,861$380.7K0.01%+101+1.5%Added
Bristlecone Advisors, LLC6,875$381.5K0.03%−8,385−54.9%Reduced
XTX Topco Ltd6,875$381.5K0.02%+731+11.9%Added
Penserra Capital Management LLC6,892$382.0K0.00%+2,144+45.2%Added
Corient IA LLC7,000$388.4K0.29%−1,400−16.7%Reduced
Southland Equity Partners LLC7,023$389.7K0.08%+448+6.8%Added
ORG Wealth Partners, LLC7,025$389.8K0.08%+6,800+3,022.2%Added
Versant Capital Management, Inc7,039$390.6K0.05%−1,135−13.9%Reduced
Fermata Advisors, LLC7,050$391.2K0.10%+7,050New
Hardy Reed LLC7,087$393.3K0.03%−1,445−16.9%Reduced
Guardian Wealth Advisors, LLC7,118$395.0K0.03%+1,700+31.4%Added
Summit Global Investments7,115$395.0K0.02%+4,022+130.0%Added
NWF Advisory Services Inc.7,137$396.0K0.04%−681−8.7%Reduced
Valley National Advisers Inc7,170$397.0K0.06%−395−5.2%Reduced
Waldron Private Wealth LLC7,157$397.1K0.02%+7,157New
One Capital Management, LLC7,168$397.8K0.01%−205−2.8%Reduced
Manchester Capital Management LLC7,185$398.7K0.05%+1,637+29.5%Added
49 Wealth Management, LLC7,204$399.8K0.04%+7,204New
Sierra Ocean, LLC7,223$400.8K0.34%+749+11.6%Added
Bridges Investment Management Inc7,304$405.3K0.01%+4+0.1%Added
LifeSteps Financial, Inc.7,315$405.9K0.26%−25−0.3%Reduced
Wynn Capital, LLC7,366$408.7K0.20%00.0%Unchanged
Platform Technology Partners7,378$409.4K0.10%−182−2.4%Reduced
Sage Mountain Advisors LLC7,394$410.3K0.02%+1,858+33.6%Added
Annis Gardner Whiting Capital Advisors, LLC7,480$415.1K0.09%+5,850+358.9%Added
Calamos Wealth Management LLC7,482$415.2K0.02%+415+5.9%Added
Schwarz Dygos Wheeler Investment Advisors LLC7,489$415.6K0.09%−972−11.5%Reduced
First Manhattan Co7,490$415.6K0.00%+190+2.6%Added
Philadelphia Trust Co7,500$416.0K0.03%00.0%Unchanged
MJP Associates Inc7,541$418.5K0.06%+2,270+43.1%Added
Resonant Capital Advisors, LLC7,584$420.8K0.02%−523−6.5%Reduced
King Luther Capital Management Corp7,646$424.3K0.00%−7,297−48.8%Reduced
Kathmere Capital Management, LLC7,662$425.2K0.03%−1,337−14.9%Reduced
InTrack Investment Management Inc7,754$430.3K0.26%+1,023+15.2%Added
Advisors Capital Management, LLC7,781$431.8K0.01%+174+2.3%Added
Signature Estate & Investment Advisors LLC7,813$433.5K0.01%−189−2.4%Reduced
WP Advisors, LLC7,817$433.8K0.11%+7,817New
Dynasty Wealth Management, LLC7,887$437.6K0.01%+7,887New
Diversify Advisory Services, LLC8,922$438.2K0.01%−95−1.1%Reduced
Abel Hall, LLC7,929$440.0K0.18%+1,724+27.8%Added
GW Henssler & Associates Ltd7,959$441.6K0.02%00.0%Unchanged
Keel Point, LLC7,966$442.0K0.03%−2,712−25.4%Reduced
Security Financial Services, INC.8,005$444.2K0.07%+1,790+28.8%Added
Laraway Financial Inc8,006$444.3K0.30%+600+8.1%Added
Koshinski Asset Management, Inc.8,008$444.3K0.03%−8,710−52.1%Reduced
HBW Advisory Services LLC8,019$445.0K0.05%+4,576+132.9%Added
GAMMA Investing LLC8,020$445.0K0.02%−1,103−12.1%Reduced
Buckingham Strategic Partners9,281$446.7K0.01%+1,963+26.8%Added
Modern Wealth Management, LLC8,072$447.9K0.01%+1,298+19.2%Added
Fulton Bank, N.A.8,081$448.4K0.02%+4,972+159.9%Added
Harbour Investments, Inc.8,091$449.0K0.01%−46−0.6%Reduced
Wallace Advisory Group, LLC6,520$450.0K0.36%−1,625−20.0%Reduced
Wiser Advisor Group LLC8,194$454.7K0.57%+8,194New
KFG Wealth Management, LLC8,205$455.3K0.07%+438+5.6%Added
Armstrong Henry H Associates Inc8,208$455.5K0.04%−225−2.7%Reduced
Griffin Asset Management, Inc.8,242$457.3K0.05%+242+3.0%Added
Midwest Trust Co8,256$458.1K0.01%−424−4.9%Reduced
PAX Financial Group, LLC8,342$462.9K0.08%+1,114+15.4%Added
Creekmur Asset Management LLC8,359$463.8K0.08%−4,320−34.1%Reduced
May Hill Capital, LLC8,404$466.3K0.14%−279−3.2%Reduced
Grandfield & Dodd, LLC8,507$472.1K0.03%00.0%Unchanged
1776 Wealth LLC8,522$472.9K0.18%+8,522New
Guyasuta Investment Advisors Inc8,537$473.7K0.03%−1,149−11.9%Reduced
Capital International Sarl8,563$475.2K0.01%−35,881−80.7%Reduced
Gerber Kawasaki Wealth & Investment Management8,585$476.4K0.02%−4,809−35.9%Reduced
TBH Global Asset Management, LLC8,586$476.4K0.09%+926+12.1%Added
AlTi Global, Inc.8,653$480.2K0.01%−1,995−18.7%Reduced
Argonautica Private Wealth Management, Inc8,671$481.2K0.14%+559+6.9%Added
Cullinan Associates Inc8,675$481.4K0.03%00.0%Unchanged
National Asset Management, Inc.8,802$488.4K0.02%−649−6.9%Reduced
Cohen Capital Management, Inc.8,812$489.0K0.08%00.0%Unchanged
Agate Pass Investment Management, LLC8,819$489.4K0.19%+550+6.7%Added
Profund Advisors LLC8,843$490.7K0.02%−2,169−19.7%Reduced
Five Oceans Advisors8,860$491.6K0.18%−6,902−43.8%Reduced
Riverbend Wealth Management, LLC8,884$493.0K0.34%+433+5.1%Added
AE Wealth Management LLC8,886$493.1K0.00%+3,186+55.9%Added
Quotient Wealth Partners, LLC8,914$494.6K0.01%−666−7.0%Reduced
Principal Street Partners, LLC8,979$498.2K0.08%−16,804−65.2%Reduced
Integrity Alliance, LLC.9,023$500.7K0.02%−9,033−50.0%Reduced
New Vernon Investment Management LLC9,100$505.0K0.47%+9,100New
S.A. Mason LLC9,228$512.1K0.23%00.0%Unchanged
Raub Brock Capital Management LP9,240$512.7K0.11%00.0%Unchanged
NTV Asset Management LLC9,252$513.4K0.06%+46+0.5%Added
Atlantic Trust, LLC9,271$514.5K0.09%−1,438−13.4%Reduced
RMB Capital Management, LLC9,274$514.6K0.01%−1,779−16.1%Reduced