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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
Ameritas Advisory Services, LLC19,382$1.08M0.07%+14,405+289.4%Added
Natural Investments, LLC19,392$1.08M0.27%−62−0.3%Reduced
Hirtle Callaghan & Co LLC19,457$1.08M0.04%00.0%Unchanged
Potomac Fund Management Inc19,477$1.08M0.05%+1,268+7.0%Added
Jacobi Capital Management LLC19,578$1.09M0.07%+3,091+18.7%Added
Smartleaf Asset Management LLC19,619$1.09M0.07%+4,641+31.0%Added
Scientech Research LLC19,624$1.09M0.38%+19,624New
Pinnacle Financial Partners Inc19,721$1.09M0.03%+694+3.6%Added
Mattern Capital Management, LLC19,781$1.10M0.13%+6,654+50.7%Added
Regions Financial Corp19,853$1.10M0.01%−16,589−45.5%Reduced
HighPoint Advisor Group LLC19,914$1.11M0.05%+503+2.6%Added
Sterling Investment Management, Inc.19,946$1.11M0.66%+6,102+44.1%Added
Banque Cantonale Vaudoise19,984$1.11M0.04%+1,168+6.2%Added
Campbell & CO Investment Adviser LLC20,003$1.11M0.08%+10,819+117.8%Added
Synovus Financial Corp20,028$1.11M0.01%−836−4.0%Reduced
AlphaCore Capital LLC20,030$1.11M0.04%+1,081+5.7%Added
Logan Capital Management Inc20,071$1.11M0.05%+9,324+86.8%Added
Carnegie Lake Advisors LLC20,150$1.12M0.43%00.0%Unchanged
Merit Financial Group, LLC20,195$1.12M0.01%−40,415−66.7%Reduced
Catalytic Wealth RIA, LLC20,267$1.12M0.04%+6,335+45.5%Added
Ironwood Investment Management LLC20,400$1.13M0.49%−1,152−5.3%Reduced
Wealth Quarterback LLC20,414$1.13M0.44%+598+3.0%Added
Moors & Cabot, Inc.20,451$1.13M0.05%+6,328+44.8%Added
Notis-McConarty Edward20,525$1.14M0.53%+1,575+8.3%Added
Channel Wealth LLC20,598$1.14M0.31%−43,113−67.7%Reduced
Capital Advisors Inc20,724$1.15M0.02%−1,744−7.8%Reduced
Alliancebernstein L.P.20,737$1.15M0.00%−141,897−87.2%Reduced
Hunter Associates Investment Management LLC20,722$1.15M0.16%−1,201−5.5%Reduced
Global X Japan Co., Ltd.20,802$1.15M0.10%−3,403−14.1%Reduced
Thrivent Financial for Lutherans20,906$1.16M0.00%−24,224−53.7%Reduced
Commerce Bank20,929$1.16M0.01%−1,853−8.1%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)20,967$1.16M0.00%+14,068+203.9%Added
SRS Capital Advisors, Inc.20,982$1.16M0.02%+17,665+532.6%Added
Sunbelt Securities, Inc.20,993$1.16M0.08%+7,764+58.7%Added
TownSquare Capital, LLC21,000$1.17M0.18%−13,141−38.5%Reduced
Claro Advisors LLC21,019$1.17M0.17%−204−1.0%Reduced
Vista Investment Management21,047$1.17M0.41%+5,755+37.6%Added
Joel Isaacson & Co., LLC21,084$1.17M0.04%+200+1.0%Added
SWMG, LLC22,122$1.18M0.36%−80.0%Reduced
LRT Capital Management, LLC21,222$1.18M0.78%+14,239+203.9%Added
Y-Intercept (Hong Kong) Ltd21,245$1.18M0.03%+10,577+99.1%Added
Chilton Capital Management LLC21,262$1.18M0.04%−568−2.6%Reduced
Delaney Dennis R21,270$1.18M0.59%−5,440−20.4%Reduced
Global Trust Asset Management, LLC21,323$1.18M0.54%−1,000−4.5%Reduced
NBT Bank N A21,400$1.19M0.08%00.0%Unchanged
Bamco Inc21,441$1.19M0.00%00.0%Unchanged
Welch & Forbes LLC21,546$1.20M0.01%−1,500−6.5%Reduced
Kestra Private Wealth Services, LLC21,547$1.20M0.02%−4,308−16.7%Reduced
Personal Cfo Solutions, LLC21,562$1.20M0.21%+1,268+6.2%Added
Signet Investment Advisory Group, Inc.21,600$1.20M0.58%00.0%Unchanged
Private Wealth Partners, LLC21,638$1.20M0.09%−31,955−59.6%Reduced
Frank, Rimerman Advisors LLC21,666$1.20M0.08%−3,949−15.4%Reduced
West Family Investments, Inc.21,712$1.20M0.27%+350+1.6%Added
Ballast Advisors LLC21,735$1.21M0.33%−158−0.7%Reduced
Gibbs Wealth Management21,739$1.21M0.27%−2,360−9.8%Reduced
Mission Wealth Management, LP21,830$1.21M0.02%−5,174−19.2%Reduced
Baldwin Investment Management, LLC21,874$1.21M0.14%00.0%Unchanged
Sax Wealth Advisors, LLC21,875$1.21M0.07%−159−0.7%Reduced
Diversify Wealth Management, LLC24,830$1.22M0.07%+1,123+4.7%Added
Valeo Financial Advisors, LLC22,002$1.22M0.03%−2,796−11.3%Reduced
Diamant Asset Management, Inc.22,135$1.23M0.90%−1,705−7.2%Reduced
Jump Financial, LLC22,267$1.24M0.02%+22,267New
Nelson, Van Denburg & Campbell Wealth Management Group, LLC22,336$1.24M0.04%+3,184+16.6%Added
FORA Capital, LLC22,337$1.24M0.22%+19,189+609.6%Added
Bank of New Hampshire22,360$1.24M0.29%−210−0.9%Reduced
Texas Yale Capital Corp.22,496$1.25M0.04%−1,195−5.0%Reduced
Advisory Resource Group22,516$1.25M0.22%+7,362+48.6%Added
Sava Infond d.o.o.22,725$1.26M0.18%+3,125+15.9%Added
Nia Impact Advisors, LLC22,900$1.27M0.41%+200+0.9%Added
Rossmore Private Capital23,000$1.28M0.14%00.0%Unchanged
Alta Capital Management LLC23,198$1.29M0.07%−284,519−92.5%Reduced
Game Creek Capital, LP23,250$1.29M0.55%+23,250New
Cantor Fitzgerald Investment Adviser L.P.23,325$1.29M0.09%+23,325New
Hikari Tsushin, Inc.23,512$1.30M0.09%00.0%Unchanged
Moloney Securities Asset Management, LLC23,699$1.32M0.16%+12,530+112.2%Added
Fullcircle Wealth LLC27,277$1.32M0.46%−1,044−3.7%Reduced
Schroder Investment Management Group23,721$1.32M0.00%+97+0.4%Added
Brookstone Capital Management23,853$1.32M0.02%+1,816+8.2%Added
Channing Global Advisors, LLC23,876$1.32M0.92%+8,648+56.8%Added
Millennium Management LLC23,903$1.33M0.00%−11,758−33.0%Reduced
Trivant Custom Portfolio Group, LLC23,996$1.33M0.68%+2,160+9.9%Added
Stablepoint Partners, LLC24,003$1.33M0.21%+3,937+19.6%Added
Checchi Capital Advisers, LLC24,181$1.34M0.09%−883−3.5%Reduced
Union Bancaire Privee, UBP SA28,240$1.34M0.03%−2,788−9.0%Reduced
Penobscot Investment Management Company, Inc.24,430$1.36M0.10%−2,433−9.1%Reduced
South Street Advisors LLC24,537$1.36M0.18%−38,829−61.3%Reduced
Sit Investment Associates Inc24,650$1.37M0.03%−290−1.2%Reduced
SBI Securities Co., Ltd.24,884$1.38M0.04%+10,548+73.6%Added
Diadema Partners LP25,000$1.39M0.97%+25,000New
DKRT Investments Corp.25,000$1.39M0.33%+25,000New
We Are One Seven, LLC25,036$1.39M0.03%−25,118−50.1%Reduced
GSB Wealth Management, LLC25,092$1.39M0.32%+2,083+9.1%Added
Stephens Inc25,128$1.39M0.02%−125,281−83.3%Reduced
Cox Capital Mgt LLC25,132$1.39M0.91%+59+0.2%Added
Naples Global Advisors, LLC25,327$1.41M0.11%+8,586+51.3%Added
Guardcap Asset Management Ltd25,335$1.41M0.03%+155+0.6%Added
Beacon Pointe Advisors, LLC25,378$1.41M0.01%−16,320−39.1%Reduced
IHT Wealth Management, LLC25,450$1.41M0.04%+14,125+124.7%Added
Insigneo Advisory Services, LLC25,467$1.41M0.10%+1,368+5.7%Added
SageView Advisory Group, LLC25,516$1.42M0.05%+25,516New