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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 1,355 | $15.7B |
| Q1 2026 | 1,278 | $12.0B |
| Q4 2025 | 1,421 | $16.0B |
| Q3 2025 | 1,401 | $16.7B |
| Q2 2025 | 1,486 | $21.3B |
| Q1 2025 | 1,535 | $22.5B |
| Q4 2024 | 1,670 | $29.1B |
| Q3 2024 | 1,787 | $39.7B |
| Q2 2024 | 1,867 | $47.9B |
| Q1 2024 | 1,746 | $41.8B |
| Q4 2023 | 1,512 | $32.2B |
| Q3 2023 | 1,308 | $27.4B |
| Q2 2023 | 1,198 | $23.2B |
| Q1 2023 | 1,148 | $22.1B |
| Q4 2022 | 1,050 | $19.4B |
| Q3 2022 | 908 | $13.8B |
| Q2 2022 | 934 | $16.4B |
| Q1 2022 | 902 | $15.2B |
| Q4 2021 | 887 | $14.7B |
| Q3 2021 | 806 | $12.7B |
| Q2 2021 | 737 | $11.0B |
| Q1 2021 | 708 | $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.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Reynders McVeigh Capital Management, LLC | 342,134 | $19.0M | 0.89% | −21,755−6.0% | Reduced |
| Cetera Investment Advisers | 330,618 | $18.3M | 0.02% | +62,904+23.5% | Added |
| Euro Pacific Asset Management, LLC | 278,816 | $17.5M | 2.11% | +163,386+141.5% | Added |
| Penbrook Management LLC | 311,600 | $17.3M | 12.07% | +200+0.1% | Added |
| Clifford Swan Investment Counsel LLC | 311,168 | $17.3M | 0.57% | +37,453+13.7% | Added |
| Dividend Assets Capital, LLC | 310,701 | $17.2M | 3.02% | +48,339+18.4% | Added |
| Dillon & Associates Inc | 311,900 | $17.2M | 2.21% | +8,017+2.6% | Added |
| Aquatic Capital Management LLC | 303,448 | $16.8M | 0.31% | +303,448 | New |
| Pathstone Holdings, LLC | 301,546 | $16.7M | 0.06% | +21,387+7.6% | Added |
| Lind Value II ApS | 299,144 | $16.6M | 6.26% | +214,919+255.2% | Added |
| Mackenzie Financial Corp | 289,551 | $16.1M | 0.02% | +289,551 | New |
| SEI Investments Co | 289,522 | $16.1M | 0.02% | −125,247−30.2% | Reduced |
| IMC-Chicago, LLC | 283,170 | $15.7M | 0.28% | +4,627+1.7% | Added |
| BLKBRD Asset Management, LP | 279,014 | $15.5M | 4.31% | +279,014 | New |
| Martin Investment Management, LLC | 275,206 | $15.3M | 3.88% | −1,541−0.6% | Reduced |
| Carnegie Capital Asset Management, LLC | 272,869 | $15.1M | 0.29% | −16,640−5.7% | Reduced |
| Menora Mivtachim Holdings Ltd. | 270,168 | $15.0M | 0.08% | 00.0% | Unchanged |
| US Bancorp | 269,363 | $14.9M | 0.02% | −30,103−10.1% | Reduced |
| Quantinno Capital Management LP | 267,296 | $14.8M | 0.04% | +21,856+8.9% | Added |
| Knuff & Co LLC | 255,024 | $14.2M | 4.10% | +127,105+99.4% | Added |
| Hudson Bay Capital Management LP | 254,606 | $14.1M | 0.09% | +254,606 | New |
| Altrafin AG | 248,105 | $13.8M | 4.36% | +19,706+8.6% | Added |
| Assetmark, Inc | 241,924 | $13.4M | 0.03% | +24,425+11.2% | Added |
| HRT Financial LP | 241,036 | $13.4M | 0.05% | +89,330+58.9% | Added |
| W.G. Shaheen & Associates DBA Whitney & Co | 238,746 | $13.2M | 1.20% | +94,598+65.6% | Added |
| Commonwealth Equity Services, LLC | 237,978 | $13.2M | 0.02% | −237,049−49.9% | Reduced |
| Lido Advisors, LLC | 235,827 | $13.1M | 0.05% | +27,395+13.1% | Added |
| Credit Agricole S A | 235,635 | $13.1M | 0.04% | +235,635 | New |
| Capital Fund Management S.A. | 234,742 | $13.0M | 0.13% | +234,742 | New |
| Capital International Inc | 233,578 | $13.0M | 0.10% | +153,428+191.4% | Added |
| Oppenheimer & Co Inc | 232,565 | $12.9M | 0.16% | +57,043+32.5% | Added |
| MML Investors Services, LLC | 230,142 | $12.8M | 0.03% | −17,719−7.1% | Reduced |
| Generate Investment Management Ltd | 229,962 | $12.8M | 0.65% | +69,423+43.2% | Added |
| Quinn Opportunity Partners LLC | 226,000 | $12.5M | 0.92% | +226,000 | New |
| Kovitz Investment Group Partners, LLC | 224,199 | $12.4M | 0.05% | +130,166+138.4% | Added |
| QV Investors Inc. | 223,158 | $12.4M | 1.07% | +97,044+76.9% | Added |
| Northstar Asset Management Inc | 222,348 | $12.3M | 3.21% | +52,791+31.1% | Added |
| O'Shaughnessy Asset Management, LLC | 220,697 | $12.2M | 0.07% | −60,896−21.6% | Reduced |
| JLB & Associates Inc | 219,624 | $12.2M | 1.60% | +1,426+0.7% | Added |
| Acadian Asset Management LLC | 219,184 | $12.2M | 0.02% | −116,403−34.7% | Reduced |
| Eversept Partners, LP | 217,708 | $12.1M | 0.93% | +217,708 | New |
| Cim, LLC | 217,291 | $12.1M | 1.58% | −8,307−3.7% | Reduced |
| Sanctuary Advisors, LLC | 213,848 | $11.9M | 0.07% | −53,171−19.9% | Reduced |
| Capital World Investors | 210,862 | $11.7M | 0.00% | −4,824−2.2% | Reduced |
| Hutchinson Capital Management | 199,395 | $11.1M | 1.91% | −1,422−0.7% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 186,866 | $11.0M | 0.02% | −17,117−8.4% | Reduced |
| Quantitative Investment Management, LLC | 198,699 | $11.0M | 1.53% | +198,699 | New |
| Adviser Investments LLC | 193,931 | $10.8M | 0.12% | −48,129−19.9% | Reduced |
| Evergreen Capital Management LLC | 192,428 | $10.7M | 0.25% | +21,080+12.3% | Added |
| HighTower Advisors, LLC | 191,235 | $10.6M | 0.01% | −170,461−47.1% | Reduced |
| Trillium Asset Management, LLC | 189,156 | $10.5M | 0.28% | −1,807−0.9% | Reduced |
| Northwestern Mutual Wealth Management Co | 189,146 | $10.5M | 0.01% | +3,004+1.6% | Added |
| Massachusetts Financial Services Co | 188,430 | $10.5M | 0.00% | +21,457+12.9% | Added |
| Private Advisory Group LLC | 185,816 | $10.3M | 0.90% | +180,442+3,357.7% | Added |
| Standard Life Aberdeen plc | 185,515 | $10.3M | 0.02% | −70,525−27.5% | Reduced |
| Eldred Rock Partners, LLC | 184,151 | $10.2M | 2.55% | +18,932+11.5% | Added |
| Manning & Napier Advisors LLC | 182,201 | $10.1M | 0.13% | −21,973−10.8% | Reduced |
| Russell Investments Group, Ltd. | 181,082 | $10.0M | 0.01% | +18,371+11.3% | Added |
| Leonteq Securities AG | 179,680 | $9.97M | 0.53% | −140,500−43.9% | Reduced |
| Group One Trading, L.P. | 178,583 | $9.91M | 0.30% | −104,008−36.8% | Reduced |
| Beacon Investment Advisory Services, Inc. | 170,939 | $9.49M | 0.40% | −22,224−11.5% | Reduced |
| Atria Investments LLC | 168,339 | $9.34M | 0.11% | −15,572−8.5% | Reduced |
| Foundation Resource Management Inc | 167,766 | $9.31M | 1.34% | +167,766 | New |
| Scotia Capital Inc. | 166,887 | $9.26M | 0.04% | −24,460−12.8% | Reduced |
| Neuberger Berman Group LLC | 166,709 | $9.25M | 0.01% | −12,857−7.2% | Reduced |
| Foresight Global Investors, Inc. | 165,294 | $9.17M | 5.45% | −76,872−31.7% | Reduced |
| Glenmede Investment Management, LP | 163,298 | $9.06M | 0.04% | +25,308+18.3% | Added |
| Mercer Global Advisors Inc | 161,891 | $8.98M | 0.01% | −7,012−4.2% | Reduced |
| TrueMark Investments, LLC | 160,416 | $8.90M | 1.55% | +124,265+343.7% | Added |
| Janney Montgomery Scott LLC | 159,928 | $8.87M | 0.02% | +3,811+2.4% | Added |
| Level Four Advisory Services, LLC | 159,807 | $8.87M | 0.30% | +423+0.3% | Added |
| Kornitzer Capital Management Inc | 159,045 | $8.83M | 0.18% | +2,962+1.9% | Added |
| Birch Capital Management, LLC | 158,386 | $8.79M | 4.48% | +19,628+14.1% | Added |
| Bulltick Wealth Management, LLC | 157,888 | $8.76M | 2.07% | +96,931+159.0% | Added |
| ARS Investment Partners, LLC | 153,916 | $8.54M | 0.56% | +63,155+69.6% | Added |
| Oak Family Advisors, LLC | 153,085 | $8.49M | 2.75% | +11,705+8.3% | Added |
| RPG Investment Advisory, LLC | 152,574 | $8.47M | 1.00% | +17,662+13.1% | Added |
| Captrust Financial Advisors | 151,345 | $8.40M | 0.02% | −9,296−5.8% | Reduced |
| Jones Financial Companies LLLP | 149,885 | $8.33M | 0.01% | +14,017+10.3% | Added |
| Cambridge Investment Research Advisors, Inc. | 149,628 | $8.30M | 0.02% | −58,341−28.1% | Reduced |
| PEAK6 LLC | 146,546 | $8.13M | 0.20% | +44,976+44.3% | Added |
| CWM, LLC | 145,793 | $8.09M | 0.02% | +37,795+35.0% | Added |
| Claret Asset Management Corp | 144,998 | $8.05M | 0.96% | +114,568+376.5% | Added |
| Walleye Capital LLC | 143,765 | $7.98M | 0.06% | +143,737+513,346.4% | Added |
| Guardian Partners Inc. | 134,363 | $7.95M | 0.67% | +3,811+2.9% | Added |
| LHM, Inc. | 141,487 | $7.85M | 2.60% | 00.0% | Unchanged |
| Cabot Wealth Management Inc | 140,058 | $7.77M | 0.86% | −663−0.5% | Reduced |
| Bridgewater Associates, LP | 138,947 | $7.71M | 0.03% | +138,947 | New |
| Heirloom Wealth Management | 138,715 | $7.70M | 1.86% | +55,618+66.9% | Added |
| Claudia M.P. Batlle, CRP (R) LLC | 138,693 | $7.70M | 2.84% | +138,693 | New |
| JustInvest LLC | 138,672 | $7.70M | 0.08% | −11,244−7.5% | Reduced |
| Talbot Financial, LLC | 138,104 | $7.66M | 0.65% | +13,131+10.5% | Added |
| SCS Capital Management LLC | 136,190 | $7.56M | 0.08% | +126,891+1,364.6% | Added |
| Hikari Power Ltd | 130,300 | $7.23M | 0.58% | 00.0% | Unchanged |
| M. Kulyk & Associates, LLC | 130,009 | $7.21M | 1.47% | +52,687+68.1% | Added |
| QRG Capital Management, Inc. | 129,331 | $7.18M | 0.09% | −103,385−44.4% | Reduced |
| Deutsche Bank AG | 128,458 | $7.13M | 0.00% | −18,334−12.5% | Reduced |
| Palisade Capital Management LLC | 128,422 | $7.13M | 0.19% | −93−0.1% | Reduced |
| Vontobel Holding Ltd. | 127,418 | $7.07M | 0.02% | −13,325−9.5% | Reduced |
| F/M Investments LLC | 126,633 | $7.03M | 0.27% | −1,829−1.4% | Reduced |