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 |
|---|---|---|---|---|---|
| Martin Capital Partners, LLC | 114,991 | $5.85M | 2.20% | −2,586−2.2% | Reduced |
| Money Concepts Capital Corp | 115,001 | $5.85M | 0.33% | +56,437+96.4% | Added |
| Sphera Funds Management Ltd. | 115,677 | $5.89M | 1.23% | +10,000+9.5% | Added |
| SFMG, LLC | 116,017 | $5.90M | 0.40% | +5,657+5.1% | Added |
| RSM US Wealth Management LLC | 117,028 | $5.99M | 0.08% | −3,208−2.7% | Reduced |
| Evelyn Partners Asset Management Ltd | 118,579 | $6.03M | 1.42% | −2,879−2.4% | Reduced |
| Captrust Financial Advisors | 119,563 | $6.08M | 0.01% | −31,782−21.0% | Reduced |
| Phoenix Holdings Ltd. | 122,154 | $6.21M | 0.07% | +15,608+14.6% | Added |
| Palisade Capital Management LLC | 127,098 | $6.47M | 0.19% | −1,324−1.0% | Reduced |
| Vestmark Advisory Solutions, Inc. | 128,397 | $6.53M | 0.09% | +68,501+114.4% | Added |
| Arrow Capital Pty Ltd | 130,000 | $6.61M | 6.34% | +60,000+85.7% | Added |
| Hikari Power Ltd | 130,300 | $6.63M | 0.52% | 00.0% | Unchanged |
| JustInvest LLC | 130,710 | $6.65M | 0.06% | −7,962−5.7% | Reduced |
| Allworth Financial LP | 131,741 | $6.70M | 0.03% | +95,033+258.9% | Added |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 107,398 | $6.75M | 0.06% | −4,623−4.1% | Reduced |
| Capital Fund Management S.A. | 136,202 | $6.93M | 0.07% | −98,540−42.0% | Reduced |
| SCS Capital Management LLC | 136,599 | $6.95M | 0.07% | +409+0.3% | Added |
| Stamos Capital Partners, L.P. | 137,598 | $7.00M | 1.13% | +14,059+11.4% | Added |
| CWM, LLC | 137,726 | $7.01M | 0.02% | −8,067−5.5% | Reduced |
| Manufacturers Life Insurance Company, The | 137,207 | $7.03M | 0.01% | +137,207 | New |
| Neuberger Berman Group LLC | 140,743 | $7.16M | 0.01% | −25,966−15.6% | Reduced |
| Obermeyer Wood Investment Counsel, LLLP | 140,797 | $7.16M | 0.33% | −252,523−64.2% | Reduced |
| AQR Capital Management LLC | 141,410 | $7.19M | 0.00% | +17,615+14.2% | Added |
| LHM, Inc. | 141,487 | $7.20M | 2.68% | 00.0% | Unchanged |
| Kestra Advisory Services, LLC | 146,850 | $7.47M | 0.03% | +38,598+35.7% | Added |
| Cambridge Investment Research Advisors, Inc. | 146,861 | $7.47M | 0.02% | −2,767−1.8% | Reduced |
| Alpine Fox Capital LLC | 150,000 | $7.63M | 5.14% | +89,000+145.9% | Added |
| EFG International AG | 150,463 | $7.66M | 0.15% | +150,463 | New |
| Jones Financial Companies LLLP | 151,859 | $7.73M | 0.00% | +1,974+1.3% | Added |
| M. Kulyk & Associates, LLC | 152,240 | $7.75M | 1.48% | +22,231+17.1% | Added |
| Claret Asset Management Corp | 152,610 | $7.76M | 0.90% | +7,612+5.2% | Added |
| Atria Investments LLC | 152,729 | $7.77M | 0.09% | −15,610−9.3% | Reduced |
| Milford Funds Ltd | 156,298 | $7.95M | 0.16% | +156,298 | New |
| Cabot Wealth Management Inc | 157,258 | $8.00M | 0.88% | +17,200+12.3% | Added |
| PEAK6 LLC | 158,462 | $8.06M | 0.22% | +11,916+8.1% | Added |
| Birch Capital Management, LLC | 158,548 | $8.07M | 4.02% | +162+0.1% | Added |
| Glenmede Trust Co NA | 160,761 | $8.18M | 0.04% | +160,761 | New |
| Beacon Investment Advisory Services, Inc. | 160,761 | $8.18M | 0.33% | −10,178−6.0% | Reduced |
| Mercer Global Advisors Inc | 164,490 | $8.37M | 0.01% | +2,599+1.6% | Added |
| Eldred Rock Partners, LLC | 165,290 | $8.41M | 2.18% | −18,861−10.2% | Reduced |
| Cullen/Frost Bankers, Inc. | 167,422 | $8.52M | 0.09% | +52,039+45.1% | Added |
| Manning & Napier Advisors LLC | 166,932 | $8.55M | 0.11% | −15,269−8.4% | Reduced |
| Kornitzer Capital Management Inc | 168,145 | $8.56M | 0.18% | +9,100+5.7% | Added |
| ARS Investment Partners, LLC | 168,560 | $8.58M | 0.50% | +14,644+9.5% | Added |
| Foundation Resource Management Inc | 168,814 | $8.59M | 1.15% | +1,048+0.6% | Added |
| Trillium Asset Management, LLC | 167,334 | $8.62M | 0.26% | −21,822−11.5% | Reduced |
| Qube Research & Technologies Ltd | 171,416 | $8.72M | 0.01% | +171,416 | New |
| Exchange Traded Concepts, LLC | 171,668 | $8.73M | 0.07% | +64,199+59.7% | Added |
| Knuff & Co LLC | 171,750 | $8.74M | 2.58% | −83,274−32.7% | Reduced |
| Northwestern Mutual Wealth Management Co | 174,408 | $8.87M | 0.01% | −14,738−7.8% | Reduced |
| Evergreen Capital Management LLC | 174,526 | $8.88M | 0.20% | −17,902−9.3% | Reduced |
| Steward Partners Investment Advisory, LLC | 174,574 | $8.88M | 0.05% | +71,662+69.6% | Added |
| Altrafin AG | 175,183 | $8.91M | 2.83% | −72,922−29.4% | Reduced |
| Vontobel Holding Ltd. | 176,151 | $8.96M | 0.03% | +48,733+38.2% | Added |
| Russell Investments Group, Ltd. | 178,015 | $9.06M | 0.01% | −3,067−1.7% | Reduced |
| Federation des caisses Desjardins du Quebec | 180,550 | $9.19M | 0.04% | −362,901−66.8% | Reduced |
| HighTower Advisors, LLC | 183,201 | $9.32M | 0.01% | −8,034−4.2% | Reduced |
| Victory Capital Management Inc | 183,929 | $9.36M | 0.01% | +88,146+92.0% | Added |
| Grantham, Mayo, Van Otterloo & Co. LLC | 184,971 | $9.41M | 0.02% | +108,359+141.4% | Added |
| Massachusetts Financial Services Co | 188,444 | $9.59M | 0.00% | +140.0% | Added |
| MML Investors Services, LLC | 189,010 | $9.62M | 0.02% | −41,132−17.9% | Reduced |
| Northstar Asset Management Inc | 190,158 | $9.68M | 2.50% | −32,190−14.5% | Reduced |
| U.S. Capital Wealth Advisors, LLC | 193,752 | $9.86M | 0.26% | +101,057+109.0% | Added |
| TrueMark Investments, LLC | 193,853 | $9.86M | 1.88% | +33,437+20.8% | Added |
| O'Shaughnessy Asset Management, LLC | 194,057 | $9.87M | 0.05% | −26,640−12.1% | Reduced |
| Trexquant Investment LP | 197,051 | $10.0M | 0.09% | +197,051 | New |
| Smithbridge Asset Management Inc | 199,188 | $10.1M | 0.87% | +104,709+110.8% | Added |
| Hutchinson Capital Management | 199,941 | $10.2M | 1.74% | +546+0.3% | Added |
| Opal Capital LLC | 200,465 | $10.2M | 2.55% | +200,465 | New |
| Capital World Investors | 199,363 | $10.2M | 0.00% | −11,499−5.5% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 184,170 | $10.4M | 0.01% | −2,696−1.4% | Reduced |
| QV Investors Inc. | 208,268 | $10.6M | 0.87% | −14,890−6.7% | Reduced |
| Sierra Summit Advisors LLC | 208,905 | $10.6M | 1.63% | +208,905 | New |
| Sanctuary Advisors, LLC | 210,367 | $10.7M | 0.06% | −3,481−1.6% | Reduced |
| JLB & Associates Inc | 211,322 | $10.8M | 1.45% | −8,302−3.8% | Reduced |
| Heirloom Wealth Management | 211,886 | $10.8M | 2.49% | +73,171+52.7% | Added |
| Cim, LLC | 216,085 | $11.0M | 1.44% | −1,206−0.6% | Reduced |
| Jain Global LLC | 218,929 | $11.1M | 0.11% | +110,692+102.3% | Added |
| US Bancorp | 224,413 | $11.4M | 0.01% | −44,950−16.7% | Reduced |
| RPG Investment Advisory, LLC | 229,265 | $11.7M | 1.32% | +76,691+50.3% | Added |
| Commonwealth Equity Services, LLC | 231,460 | $11.8M | 0.02% | −6,518−2.7% | Reduced |
| Private Advisory Group LLC | 233,014 | $11.9M | 0.93% | +47,198+25.4% | Added |
| Tudor Investment Corp Et Al | 234,268 | $11.9M | 0.07% | +234,268 | New |
| Oppenheimer & Co Inc | 234,842 | $11.9M | 0.17% | +2,277+1.0% | Added |
| Assetmark, Inc | 237,396 | $12.1M | 0.02% | −4,528−1.9% | Reduced |
| CIBC Private Wealth Group, LLC | 239,760 | $12.2M | 0.02% | −112,711−32.0% | Reduced |
| Carnegie Capital Asset Management, LLC | 245,049 | $12.5M | 0.23% | −27,820−10.2% | Reduced |
| Viking Fund Management LLC | 250,000 | $12.7M | 1.47% | +250,000 | New |
| Lido Advisors, LLC | 230,703 | $12.8M | 0.05% | −5,124−2.2% | Reduced |
| Old Mission Capital LLC | 262,659 | $13.4M | 0.52% | +262,659 | New |
| W.G. Shaheen & Associates DBA Whitney & Co | 262,783 | $13.4M | 1.06% | +24,037+10.1% | Added |
| TB Alternative Assets Ltd. | 266,165 | $13.5M | 2.22% | +266,165 | New |
| DV Equities, LLC | 269,526 | $13.7M | 2.48% | +269,526 | New |
| Dividend Assets Capital, LLC | 269,854 | $13.7M | 2.62% | −40,847−13.1% | Reduced |
| Reynders McVeigh Capital Management, LLC | 274,101 | $13.9M | 0.65% | −68,033−19.9% | Reduced |
| Oak Family Advisors, LLC | 274,228 | $14.0M | 4.27% | +121,143+79.1% | Added |
| ExodusPoint Capital Management, LP | 274,272 | $14.0M | 0.16% | +274,272 | New |
| Menora Mivtachim Holdings Ltd. | 276,168 | $14.1M | 0.07% | +6,000+2.2% | Added |
| Cetera Investment Advisers | 286,371 | $14.6M | 0.02% | −44,247−13.4% | Reduced |
| Advisor Group Holdings, Inc. | 299,329 | $15.2M | 0.02% | −75,352−20.1% | Reduced |