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 |
|---|---|---|---|---|---|
| Dillon & Associates Inc | 301,198 | $15.4M | 1.98% | −10,702−3.4% | Reduced |
| Penbrook Management LLC | 316,400 | $16.1M | 11.10% | +4,800+1.5% | Added |
| SEI Investments Co | 316,644 | $16.1M | 0.02% | +27,122+9.4% | Added |
| Quantinno Capital Management LP | 318,686 | $16.2M | 0.03% | +51,390+19.2% | Added |
| Clifford Swan Investment Counsel LLC | 319,061 | $16.2M | 0.54% | +7,893+2.5% | Added |
| Scotia Capital Inc. | 320,162 | $16.3M | 0.07% | +153,275+91.8% | Added |
| Mariner, LLC | 322,233 | $16.4M | 0.02% | −22,496−6.5% | Reduced |
| Quinn Opportunity Partners LLC | 329,000 | $16.7M | 0.73% | +103,000+45.6% | Added |
| Foresight Global Investors, Inc. | 330,251 | $16.8M | 7.91% | +164,957+99.8% | Added |
| Janney Montgomery Scott LLC | 332,003 | $16.9M | 0.04% | +172,075+107.6% | Added |
| Armistice Capital, LLC | 336,000 | $17.1M | 0.42% | −400,000−54.3% | Reduced |
| Modera Wealth Management, LLC | 342,482 | $17.4M | 0.20% | −16,605−4.6% | Reduced |
| Walleye Trading LLC | 342,507 | $17.4M | 0.28% | −209,153−37.9% | Reduced |
| Two Sigma Investments, LP | 343,191 | $17.5M | 0.03% | −1,348,335−79.7% | Reduced |
| Pathstone Holdings, LLC | 345,053 | $17.6M | 0.07% | +43,507+14.4% | Added |
| Banco Bilbao Vizcaya Argentaria, S.A. | 345,586 | $17.6M | 0.12% | −11,935−3.3% | Reduced |
| Brown Brothers Harriman & Co | 354,954 | $18.1M | 0.10% | −98,685−21.8% | Reduced |
| Nomura Holdings Inc | 356,886 | $18.2M | 0.05% | −617,984−63.4% | Reduced |
| Academy Capital Management Inc | 365,783 | $18.6M | 2.47% | −1,636−0.4% | Reduced |
| De Burlo Group Inc | 374,660 | $19.1M | 2.31% | −106,500−22.1% | Reduced |
| Creative Planning | 393,313 | $20.0M | 0.01% | +20,671+5.5% | Added |
| TD Asset Management Inc | 398,408 | $20.3M | 0.02% | +398,408 | New |
| Euro Pacific Asset Management, LLC | 346,077 | $20.4M | 2.26% | +67,261+24.1% | Added |
| Charles Schwab Investment Management Inc | 401,998 | $20.5M | 0.00% | +31,865+8.6% | Added |
| Traynor Capital Management, Inc. | 402,133 | $20.5M | 1.13% | −25,301−5.9% | Reduced |
| Warther Private Wealth, LLC | 418,828 | $21.3M | 5.09% | +10,833+2.7% | Added |
| GuoLine Advisory Pte Ltd | 426,700 | $21.7M | 2.00% | 00.0% | Unchanged |
| Credit Agricole S A | 430,085 | $21.9M | 0.06% | +194,450+82.5% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 431,484 | $22.0M | 0.04% | 00.0% | Unchanged |
| Prospera Financial Services Inc | 441,858 | $22.5M | 0.37% | +21,063+5.0% | Added |
| Longaeva Partners L.P. | 444,266 | $22.6M | 2.69% | +444,266 | New |
| HSBC Holdings PLC | 459,233 | $23.4M | 0.01% | −2030.0% | Reduced |
| The PNC Financial Services Group, Inc. | 468,869 | $23.9M | 0.01% | +5,929+1.3% | Added |
| Adage Capital Partners GP, L.L.C. | 475,000 | $24.2M | 0.04% | +475,000 | New |
| Cerity Partners LLC | 478,605 | $24.4M | 0.04% | −80,010−14.3% | Reduced |
| Nichols & Pratt Advisers LLP | 487,625 | $24.8M | 1.55% | −13,366−2.7% | Reduced |
| Walleye Capital LLC | 500,644 | $25.5M | 0.15% | +356,879+248.2% | Added |
| Deutsche Bank AG | 501,839 | $25.5M | 0.01% | +373,381+290.7% | Added |
| Mirae Asset Global Investments Co., Ltd. | 503,078 | $25.6M | 0.07% | +40,283+8.7% | Added |
| First Trust Advisors LP | 503,535 | $25.6M | 0.02% | +461,940+1,110.6% | Added |
| Balyasny Asset Management LLC | 508,109 | $25.9M | 0.05% | +464,129+1,055.3% | Added |
| Hudson Bay Capital Management LP | 529,203 | $26.9M | 0.15% | +274,597+107.9% | Added |
| Marshall Wace, LLP | 544,547 | $27.7M | 0.03% | +544,547 | New |
| Cullen Capital Management LLC | 547,520 | $27.9M | 0.30% | +547,520 | New |
| Vantage Investment Partners, LLC | 549,469 | $28.0M | 1.87% | +15,904+3.0% | Added |
| Smith Chas P & Associates Pa Cpas | 570,711 | $29.0M | 1.53% | +165,286+40.8% | Added |
| Cantor Fitzgerald, L. P. | 576,227 | $29.3M | 0.87% | −280,773−32.8% | Reduced |
| Clear Street Group Inc. | 580,826 | $29.6M | 0.15% | −435,174−42.8% | Reduced |
| Bank of New York Mellon Corp | 603,600 | $30.7M | 0.01% | −68,056−10.1% | Reduced |
| Standard Life Aberdeen plc | 614,866 | $31.3M | 0.05% | +429,351+231.4% | Added |
| Oppenheimer Asset Management Inc. | 631,405 | $32.1M | 0.39% | +66,398+11.8% | Added |
| Invesco Ltd. | 631,689 | $32.1M | 0.00% | +107,695+20.6% | Added |
| United Capital Financial Advisers, LLC | 648,353 | $33.0M | 0.20% | +10,546+1.7% | Added |
| Truist Financial Corp | 695,164 | $35.4M | 0.05% | −85,582−11.0% | Reduced |
| CIBC World Markets Inc. | 700,174 | $35.6M | 0.06% | +145,527+26.2% | Added |
| CI Private Wealth, LLC | 709,353 | $36.1M | 0.05% | −18,727−2.6% | Reduced |
| D. E. Shaw & Co., Inc. | 845,224 | $43.0M | 0.03% | −204,295−19.5% | Reduced |
| Natixis | 845,298 | $43.0M | 0.17% | +462,211+120.7% | Added |
| Colony Group, LLC | 844,234 | $43.1M | 0.05% | +83,619+11.0% | Added |
| Lazard Asset Management LLC | 859,806 | $43.7M | 0.07% | −561,720−39.5% | Reduced |
| American Century Companies Inc | 879,152 | $44.7M | 0.02% | +107,561+13.9% | Added |
| Contrarius Group Holdings Ltd | 930,367 | $47.3M | 2.30% | +930,367 | New |
| Squarepoint Ops LLC | 934,644 | $47.6M | 0.10% | −154,351−14.2% | Reduced |
| Barclays PLC | 950,272 | $48.3M | 0.02% | +89,309+10.4% | Added |
| Parnassus Investments | 969,015 | $49.3M | 0.13% | −44,669−4.4% | Reduced |
| Optiver Holding B.V. | 983,717 | $50.1M | 0.91% | +504,729+105.4% | Added |
| Causeway Capital Management LLC | 993,850 | $50.6M | 0.70% | +297,871+42.8% | Added |
| Carmignac Gestion | 1,003,300 | $51.0M | 0.69% | +1,003,300 | New |
| Marex Group plc | 1,005,713 | $51.2M | 0.55% | +355,973+54.8% | Added |
| Simplex Trading, LLC | 1,017,162 | $51.8M | 1.46% | +421,560+70.8% | Added |
| Quadrature Capital Ltd | 1,176,933 | $59.9M | 0.61% | +1,176,933 | New |
| Holocene Advisors, LP | 1,180,500 | $60.1M | 0.13% | +1,180,500 | New |
| Susquehanna International Group, LLP | 1,222,034 | $62.2M | 0.09% | +568,343+86.9% | Added |
| LPL Financial LLC | 1,222,665 | $62.2M | 0.02% | −176,868−12.6% | Reduced |
| Stifel Financial Corp | 1,267,700 | $64.5M | 0.06% | +348,328+37.9% | Added |
| Dimensional Fund Advisors LP | 1,326,058 | $67.5M | 0.01% | −12,589−0.9% | Reduced |
| Susquehanna Advisors Group, Inc. | 1,330,000 | $67.7M | 2.18% | +1,330,000 | New |
| Rockefeller Capital Management L.P. | 1,340,858 | $68.2M | 0.12% | +584,275+77.2% | Added |
| BNP Paribas Arbitrage, SA | 1,398,292 | $71.1M | 0.05% | +718,922+105.8% | Added |
| Citigroup Inc | 1,405,724 | $71.5M | 0.05% | +915,240+186.6% | Added |
| Millennium Management LLC | 1,616,265 | $82.2M | 0.06% | +1,592,362+6,661.8% | Added |
| Van Eck Associates Corp | 1,645,149 | $83.7M | 0.07% | +856,427+108.6% | Added |
| Ameriprise Financial Inc | 1,736,176 | $88.7M | 0.02% | +286,665+19.8% | Added |
| Saratoga Research & Investment Management | 1,852,566 | $94.3M | 4.94% | −1,141−0.1% | Reduced |
| Baird Financial Group, Inc. | 1,927,532 | $98.1M | 0.15% | +132,098+7.4% | Added |
| Saturna Capital CORP | 2,072,619 | $105.5M | 1.40% | −2,034−0.1% | Reduced |
| National Bank of Canada | 2,149,041 | $109.3M | 0.11% | +1,199,556+126.3% | Added |
| Davenport & Co LLC | 2,206,819 | $112.5M | 0.61% | −435,679−16.5% | Reduced |
| Jane Street Group, LLC | 2,248,994 | $114.4M | 0.14% | +62,528+2.9% | Added |
| WCM Investment Management, LLC | 2,508,292 | $128.5M | 0.26% | −223,890−8.2% | Reduced |
| Bank of Montreal | 2,525,827 | $128.5M | 0.05% | +1,468,409+138.9% | Added |
| SG Americas Securities, LLC | 2,535,346 | $129.0M | 0.17% | +152,170+6.4% | Added |
| Natixis Advisors, L.P. | 2,661,238 | $135.4M | 0.19% | +105,703+4.1% | Added |
| Envestnet Asset Management Inc | 2,773,434 | $141.1M | 0.04% | −1,150,167−29.3% | Reduced |
| Markel Group Inc.SuperinvestorMarkel Group | 2,869,774 | $146.0M | 1.16% | +501,125+21.2% | Added |
| Raymond James Financial Inc | 3,167,111 | $161.1M | 0.05% | −114,968−3.5% | Reduced |
| Renaissance Technologies LLC | 3,183,678 | $162.0M | 0.25% | +301,682+10.5% | Added |
| BlackRock, Inc. | 3,234,902 | $164.6M | 0.00% | −728,787−18.4% | Reduced |
| JPMorgan Chase & Co | 3,533,637 | $179.8M | 0.01% | −1,874,744−34.7% | Reduced |
| Wells Fargo & Company | 3,992,049 | $203.1M | 0.04% | −114,314−2.8% | Reduced |