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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
Icon Wealth Advisors, LLC38,353$2.13M0.14%+2,807+7.9%Added
Independent Advisor Alliance37,945$2.11M0.05%−22,441−37.2%Reduced
Snowden Capital Advisors LLC37,834$2.10M0.06%+2,605+7.4%Added
Limestone Investment Advisors LP37,793$2.10M0.94%+22,200+142.4%Added
Union Heritage Capital, LLC37,528$2.08M0.68%00.0%Unchanged
Range Financial Group LLC37,511$2.08M0.75%+26,020+226.4%Added
Sovran Advisors, LLC41,450$2.07M0.18%+520+1.3%Added
Karani Asset Management LLC37,009$2.05M1.75%+5,884+18.9%Added
Peloton Wealth Strategists36,880$2.05M0.80%+10,450+39.5%Added
Allworth Financial LP36,708$2.04M0.01%−2,942−7.4%Reduced
Stratos Wealth Partners, LTD.36,527$2.03M0.02%+24,340+199.7%Added
Woodmont Investment Counsel LLC36,523$2.03M0.13%−1,066−2.8%Reduced
Coppell Advisory Solutions LLC36,467$2.02M0.22%+7,812+27.3%Added
Verition Fund Management LLC36,435$2.02M0.01%+7,507+26.0%Added
Cloverfields Capital Group, LP36,354$2.02M0.63%−3,368−8.5%Reduced
Blair William & Co36,288$2.01M0.01%−6,912−16.0%Reduced
Garrison Point Advisors, LLC36,268$2.01M0.84%00.0%Unchanged
Cavalier Investments, LLC41,537$2.00M0.81%+18,608+81.2%Added
JCIC Asset Management Inc.36,099$2.00M0.63%+36,099New
Zions Bancorporation, National Association36,059$2.00M0.10%−30,370−45.7%Reduced
Broderick Brian C36,001$2.00M0.38%−5,060−12.3%Reduced
WealthTrust Axiom LLC35,990$2.00M0.53%+17,395+93.5%Added
Benedict Financial Advisors Inc35,764$1.98M0.43%−349−1.0%Reduced
Boston Family Office LLC35,673$1.98M0.13%00.0%Unchanged
Arjuna Capital35,652$1.98M0.49%+1,209+3.5%Added
Connor, Clark & Lunn Investment Management Ltd.35,258$1.96M0.01%+14,937+73.5%Added
Inspire Trust Co, N.A.35,000$1.94M0.35%+2,000+6.1%Added
Augustine Asset Management Inc34,632$1.92M0.39%+14,790+74.5%Added
Virtu Financial LLC34,312$1.90M0.11%+34,312New
A. D. Beadell Investment Counsel, Inc.34,228$1.90M1.29%+9,450+38.1%Added
Greenleaf Trust34,031$1.89M0.02%−644−1.9%Reduced
CIBC Asset Management Inc34,026$1.89M0.01%−55,857−62.1%Reduced
Kayne Anderson Rudnick Investment Management LLC33,773$1.87M0.00%+10,705+46.4%Added
Sepio Capital, LP33,587$1.86M0.11%+6,196+22.6%Added
Stonegate Investment Group, LLC33,494$1.86M0.04%−3,934−10.5%Reduced
Alliance Wealth Advisors, LLC33,448$1.86M0.44%+8,227+32.6%Added
Sequoia Financial Advisors, LLC33,417$1.85M0.01%−4,017−10.7%Reduced
Norden Group LLC33,399$1.85M0.19%−62,933−65.3%Reduced
CWA Asset Management Group, LLC33,200$1.84M0.07%+29,172+724.2%Added
Patten & Patten Inc32,832$1.82M0.11%+2,666+8.8%Added
Arkadios Wealth Advisors32,801$1.82M0.04%−1,989−5.7%Reduced
Three Bridge Wealth Advisors, LLC32,761$1.82M0.47%+7,811+31.3%Added
Bank Hapoalim BM32,630$1.81M0.22%+4,880+17.6%Added
Kavar Capital Partners Group, LLC32,631$1.81M0.24%+200+0.6%Added
Principal Securities, Inc.32,619$1.81M0.03%−4,303−11.7%Reduced
Baldwin Brothers Inc32,556$1.81M0.12%−148,569−82.0%Reduced
HB Wealth Management, LLC32,554$1.81M0.01%+1,639+5.3%Added
Sanibel Captiva Trust Company, Inc.32,326$1.79M0.05%−464−1.4%Reduced
Cresset Asset Management, LLC32,314$1.79M0.01%+1,233+4.0%Added
Verdence Capital Advisors LLC33,803$1.79M0.10%−10,043−22.9%Reduced
Pitcairn Co32,113$1.78M0.14%+19,750+159.8%Added
Venturi Wealth Management, LLC32,108$1.78M0.08%+4,616+16.8%Added
Stiles Financial Services Inc31,678$1.76M0.55%−10,587−25.0%Reduced
MMBG Investment Advisors Co.31,632$1.76M0.16%−1,630−4.9%Reduced
Dynamic Advisor Solutions LLC31,089$1.73M0.05%+331+1.1%Added
Allen Wealth Management, LLC30,905$1.71M1.16%+27,990+960.2%Added
Lowe Brockenbrough & Co Inc30,625$1.70M0.09%−176−0.6%Reduced
Glenview Trust Co30,328$1.68M0.03%+9,011+42.3%Added
Clean Yield Group30,141$1.67M0.47%−1,390−4.4%Reduced
Capital Group Private Client Services, Inc.30,107$1.67M0.03%−13,004−30.2%Reduced
Settian Capital LP30,000$1.66M1.13%00.0%Unchanged
Commons Capital, LLC30,000$1.66M1.12%+30,000New
Aureus Asset Management, LLC29,737$1.65M0.11%+23,861+406.1%Added
Aviso Financial Inc.29,601$1.64M0.07%−8,221−21.7%Reduced
Fortune Financial Advisors, LLC29,561$1.64M1.23%+349+1.2%Added
Teamwork Financial Advisors, LLC29,546$1.64M0.18%+11,158+60.7%Added
Guggenheim Capital LLC29,393$1.63M0.01%+3,259+12.5%Added
Wealthspire Advisors, LLC29,388$1.63M0.01%+2,296+8.5%Added
Benjamin Edwards Inc29,354$1.63M0.02%−5,497−15.8%Reduced
DGS Capital Management, LLC29,342$1.63M0.30%−9,698−24.8%Reduced
Voya Investment Management LLC29,295$1.63M0.00%+1,930+7.1%Added
Laurion Capital Management LP29,200$1.62M0.22%+29,200New
Resources Investment Advisors, LLC.29,173$1.62M0.02%−10,236−26.0%Reduced
Bank of Nova Scotia29,174$1.62M0.00%+10,375+55.2%Added
Fiduciary Alliance LLC29,115$1.62M0.11%−17,812−38.0%Reduced
Grace & White Inc29,000$1.61M0.28%00.0%Unchanged
Fore Capital, LLC29,000$1.61M2.04%+29,000New
Dorsey & Whitney Trust CO LLC28,869$1.60M0.08%−722−2.4%Reduced
Ballentine Partners, LLC28,799$1.60M0.02%−6,830−19.2%Reduced
Forum Financial Management, LP28,594$1.59M0.02%+4,567+19.0%Added
Wealth Advisory Solutions, LLC28,577$1.59M0.38%−14,300−33.4%Reduced
Formidable Asset Management, LLC22,962$1.58M0.25%+7,014+44.0%Added
Hohimer Wealth Management, LLC28,382$1.57M0.22%+20,038+240.1%Added
Atomi Financial Group, Inc.28,043$1.56M0.05%−10,687−27.6%Reduced
Hayek Kallen Investment Management28,008$1.55M0.49%−20,151−41.8%Reduced
Bangor Savings Bank27,971$1.55M0.13%+10,969+64.5%Added
Lockheed Martin Investment Management Co27,950$1.55M0.06%−15,500−35.7%Reduced
Qtron Investments LLC27,669$1.54M0.19%−6,503−19.0%Reduced
Ted Buchan & Co27,503$1.53M0.60%+27,503New
Parr McKnight Wealth Management Group, LLC27,399$1.52M0.20%+943+3.6%Added
Perfromance Wealth Partners, LLC27,307$1.52M0.04%−992−3.5%Reduced
Roberts Glore & Co Inc26,816$1.49M0.41%+6,217+30.2%Added
Vise Technologies, Inc.26,729$1.48M0.06%−403−1.5%Reduced
Centaurus Financial, Inc.26,566$1.47M0.07%+15,467+139.4%Added
Integrated Wealth Concepts LLC26,412$1.47M0.01%+995+3.9%Added
Teewinot Capital Advisers, L.L.C.26,125$1.45M0.11%−10,372−28.4%Reduced
Bath Savings Trust Co26,004$1.44M0.14%+3,521+15.7%Added
Exencial Wealth Advisors, LLC25,905$1.44M0.05%+1,083+4.4%Added
Harrington Investments, INC25,754$1.43M0.71%−65−0.3%Reduced
Trust Co of Vermont25,611$1.42M0.06%−924−3.5%Reduced