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, Q4 2025
Institutional positions in Novo Nordisk A S as of Dec 31, 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
- 1,421
- +51 vs. Q3 2025
- Shares held
- 314.7M
- +14.5M (+4.8%) vs. Q3 2025
- Total value
- $16.0B
- −$655.4M (−3.9%) vs. Q3 2025
- New holders
- 234
- 445 more added
- Sold out
- 183
- 569 more reduced
31 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Novo Nordisk A S; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Loomis Sayles & Co L P | 17,135,384 | $871.8M | 1.05% | +969,916+6.0% | Added |
| Franklin Resources Inc | 14,702,508 | $748.1M | 0.18% | +717,719+5.1% | Added |
| Morgan Stanley | 12,842,089 | $653.4M | 0.04% | +428,660+3.5% | Added |
| Bank of America Corp | 11,868,129 | $603.9M | 0.04% | −1,535,249−11.5% | Reduced |
| Capital International Investors | 11,211,106 | $571.9M | 0.09% | −6,502,318−36.7% | Reduced |
| Goldman Sachs Group Inc | 10,991,430 | $559.2M | 0.08% | +4,275,072+63.7% | Added |
| Folketrygdfondet | 10,164,137 | $517.2M | 12.04% | −47,776−0.5% | Reduced |
| FMR LLC | 10,017,325 | $509.7M | 0.03% | −4,058,066−28.8% | Reduced |
| Fisher Asset Management, LLC | 9,784,222 | $497.8M | 0.17% | −538,681−5.2% | Reduced |
| Price T Rowe Associates Inc | 9,688,262 | $492.9M | 0.05% | +4,836,285+99.7% | Added |
| Citadel Advisors LLC | 7,410,923 | $377.1M | 0.26% | +4,278,889+136.6% | Added |
| Everett Harris & Co | 6,407,366 | $326.0M | 3.94% | +13,586+0.2% | Added |
| State Farm Mutual Automobile Insurance Co | 6,142,778 | $312.5M | 0.25% | 00.0% | Unchanged |
| State Street Corp | 5,996,113 | $306.3M | 0.01% | −110,723−1.8% | Reduced |
| Boston Partners | 5,376,824 | $275.6M | 0.29% | −194,193−3.5% | Reduced |
| UBS Group AG | 4,911,891 | $249.9M | 0.05% | +1,221,675+33.1% | Added |
| Voloridge Investment Management, LLC | 4,807,279 | $244.6M | 0.86% | +4,302,126+851.6% | Added |
| Northern Trust Corp | 4,629,305 | $235.5M | 0.03% | +18,179+0.4% | Added |
| Royal Bank of Canada | 4,386,403 | $223.2M | 0.04% | −351,262−7.4% | Reduced |
| Fayez Sarofim & Co | 4,234,749 | $215.5M | 0.52% | −3,118,838−42.4% | Reduced |
| Wells Fargo & Company | 3,992,049 | $203.1M | 0.04% | −114,314−2.8% | Reduced |
| JPMorgan Chase & Co | 3,533,637 | $179.8M | 0.01% | −1,874,744−34.7% | Reduced |
| BlackRock, Inc. | 3,234,902 | $164.6M | 0.00% | −728,787−18.4% | Reduced |
| Renaissance Technologies LLC | 3,183,678 | $162.0M | 0.25% | +301,682+10.5% | Added |
| Raymond James Financial Inc | 3,167,111 | $161.1M | 0.05% | −114,968−3.5% | Reduced |
| Markel Group Inc.SuperinvestorMarkel Group | 2,869,774 | $146.0M | 1.16% | +501,125+21.2% | Added |
| Envestnet Asset Management Inc | 2,773,434 | $141.1M | 0.04% | −1,150,167−29.3% | Reduced |
| Natixis Advisors, L.P. | 2,661,238 | $135.4M | 0.19% | +105,703+4.1% | Added |
| SG Americas Securities, LLC | 2,535,346 | $129.0M | 0.17% | +152,170+6.4% | Added |
| Bank of Montreal | 2,525,827 | $128.5M | 0.05% | +1,468,409+138.9% | Added |
| WCM Investment Management, LLC | 2,508,292 | $128.5M | 0.26% | −223,890−8.2% | Reduced |
| Jane Street Group, LLC | 2,248,994 | $114.4M | 0.14% | +62,528+2.9% | Added |
| Davenport & Co LLC | 2,206,819 | $112.5M | 0.61% | −435,679−16.5% | Reduced |
| National Bank of Canada | 2,149,041 | $109.3M | 0.11% | +1,199,556+126.3% | Added |
| Saturna Capital CORP | 2,072,619 | $105.5M | 1.40% | −2,034−0.1% | Reduced |
| Baird Financial Group, Inc. | 1,927,532 | $98.1M | 0.15% | +132,098+7.4% | Added |
| Saratoga Research & Investment Management | 1,852,566 | $94.3M | 4.94% | −1,141−0.1% | Reduced |
| Ameriprise Financial Inc | 1,736,176 | $88.7M | 0.02% | +286,665+19.8% | Added |
| Van Eck Associates Corp | 1,645,149 | $83.7M | 0.07% | +856,427+108.6% | Added |
| Millennium Management LLC | 1,616,265 | $82.2M | 0.06% | +1,592,362+6,661.8% | Added |
| Citigroup Inc | 1,405,724 | $71.5M | 0.05% | +915,240+186.6% | Added |
| BNP Paribas Arbitrage, SA | 1,398,292 | $71.1M | 0.05% | +718,922+105.8% | Added |
| Rockefeller Capital Management L.P. | 1,340,858 | $68.2M | 0.12% | +584,275+77.2% | Added |
| Susquehanna Advisors Group, Inc. | 1,330,000 | $67.7M | 2.18% | +1,330,000 | New |
| Dimensional Fund Advisors LP | 1,326,058 | $67.5M | 0.01% | −12,589−0.9% | Reduced |
| Stifel Financial Corp | 1,267,700 | $64.5M | 0.06% | +348,328+37.9% | Added |
| LPL Financial LLC | 1,222,665 | $62.2M | 0.02% | −176,868−12.6% | Reduced |
| Susquehanna International Group, LLP | 1,222,034 | $62.2M | 0.09% | +568,343+86.9% | Added |
| Holocene Advisors, LP | 1,180,500 | $60.1M | 0.13% | +1,180,500 | New |
| Quadrature Capital Ltd | 1,176,933 | $59.9M | 0.61% | +1,176,933 | New |
| Simplex Trading, LLC | 1,017,162 | $51.8M | 1.46% | +421,560+70.8% | Added |
| Marex Group plc | 1,005,713 | $51.2M | 0.55% | +355,973+54.8% | Added |
| Carmignac Gestion | 1,003,300 | $51.0M | 0.69% | +1,003,300 | New |
| Causeway Capital Management LLC | 993,850 | $50.6M | 0.70% | +297,871+42.8% | Added |
| Optiver Holding B.V. | 983,717 | $50.1M | 0.91% | +504,729+105.4% | Added |
| Parnassus Investments | 969,015 | $49.3M | 0.13% | −44,669−4.4% | Reduced |
| Barclays PLC | 950,272 | $48.3M | 0.02% | +89,309+10.4% | Added |
| Squarepoint Ops LLC | 934,644 | $47.6M | 0.10% | −154,351−14.2% | Reduced |
| Contrarius Group Holdings Ltd | 930,367 | $47.3M | 2.30% | +930,367 | New |
| American Century Companies Inc | 879,152 | $44.7M | 0.02% | +107,561+13.9% | Added |
| Lazard Asset Management LLC | 859,806 | $43.7M | 0.07% | −561,720−39.5% | Reduced |
| Colony Group, LLC | 844,234 | $43.1M | 0.05% | +83,619+11.0% | Added |
| Natixis | 845,298 | $43.0M | 0.17% | +462,211+120.7% | Added |
| D. E. Shaw & Co., Inc. | 845,224 | $43.0M | 0.03% | −204,295−19.5% | Reduced |
| CI Private Wealth, LLC | 709,353 | $36.1M | 0.05% | −18,727−2.6% | Reduced |
| CIBC World Markets Inc. | 700,174 | $35.6M | 0.06% | +145,527+26.2% | Added |
| Truist Financial Corp | 695,164 | $35.4M | 0.05% | −85,582−11.0% | Reduced |
| United Capital Financial Advisers, LLC | 648,353 | $33.0M | 0.20% | +10,546+1.7% | Added |
| Invesco Ltd. | 631,689 | $32.1M | 0.00% | +107,695+20.6% | Added |
| Oppenheimer Asset Management Inc. | 631,405 | $32.1M | 0.39% | +66,398+11.8% | Added |
| Standard Life Aberdeen plc | 614,866 | $31.3M | 0.05% | +429,351+231.4% | Added |
| Bank of New York Mellon Corp | 603,600 | $30.7M | 0.01% | −68,056−10.1% | Reduced |
| Clear Street Group Inc. | 580,826 | $29.6M | 0.15% | −435,174−42.8% | Reduced |
| Cantor Fitzgerald, L. P. | 576,227 | $29.3M | 0.87% | −280,773−32.8% | Reduced |
| Smith Chas P & Associates Pa Cpas | 570,711 | $29.0M | 1.53% | +165,286+40.8% | Added |
| Vantage Investment Partners, LLC | 549,469 | $28.0M | 1.87% | +15,904+3.0% | Added |
| Cullen Capital Management LLC | 547,520 | $27.9M | 0.30% | +547,520 | New |
| Marshall Wace, LLP | 544,547 | $27.7M | 0.03% | +544,547 | New |
| Hudson Bay Capital Management LP | 529,203 | $26.9M | 0.15% | +274,597+107.9% | Added |
| Balyasny Asset Management LLC | 508,109 | $25.9M | 0.05% | +464,129+1,055.3% | Added |
| First Trust Advisors LP | 503,535 | $25.6M | 0.02% | +461,940+1,110.6% | Added |
| Mirae Asset Global Investments Co., Ltd. | 503,078 | $25.6M | 0.07% | +40,283+8.7% | Added |
| Deutsche Bank AG | 501,839 | $25.5M | 0.01% | +373,381+290.7% | Added |
| Walleye Capital LLC | 500,644 | $25.5M | 0.15% | +356,879+248.2% | Added |
| Nichols & Pratt Advisers LLP | 487,625 | $24.8M | 1.55% | −13,366−2.7% | Reduced |
| Cerity Partners LLC | 478,605 | $24.4M | 0.04% | −80,010−14.3% | Reduced |
| Adage Capital Partners GP, L.L.C. | 475,000 | $24.2M | 0.04% | +475,000 | New |
| The PNC Financial Services Group, Inc. | 468,869 | $23.9M | 0.01% | +5,929+1.3% | Added |
| HSBC Holdings PLC | 459,233 | $23.4M | 0.01% | −2030.0% | Reduced |
| Longaeva Partners L.P. | 444,266 | $22.6M | 2.69% | +444,266 | New |
| Prospera Financial Services Inc | 441,858 | $22.5M | 0.37% | +21,063+5.0% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 431,484 | $22.0M | 0.04% | 00.0% | Unchanged |
| Credit Agricole S A | 430,085 | $21.9M | 0.06% | +194,450+82.5% | Added |
| GuoLine Advisory Pte Ltd | 426,700 | $21.7M | 2.00% | 00.0% | Unchanged |
| Warther Private Wealth, LLC | 418,828 | $21.3M | 5.09% | +10,833+2.7% | Added |
| Traynor Capital Management, Inc. | 402,133 | $20.5M | 1.13% | −25,301−5.9% | Reduced |
| Charles Schwab Investment Management Inc | 401,998 | $20.5M | 0.00% | +31,865+8.6% | Added |
| Euro Pacific Asset Management, LLC | 346,077 | $20.4M | 2.26% | +67,261+24.1% | Added |
| TD Asset Management Inc | 398,408 | $20.3M | 0.02% | +398,408 | New |
| Creative Planning | 393,313 | $20.0M | 0.01% | +20,671+5.5% | Added |