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 | 1,866 | $47.9B |
| Q1 2024 | 1,745 | $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 |
|---|---|---|---|---|---|
| Fayez Sarofim & Co | 4,234,749 | $215.5M | 0.52% | −3,118,838−42.4% | Reduced |
| Royal Bank of Canada | 4,386,403 | $223.2M | 0.04% | −351,262−7.4% | Reduced |
| Northern Trust Corp | 4,629,305 | $235.5M | 0.03% | +18,179+0.4% | Added |
| Voloridge Investment Management, LLC | 4,807,279 | $244.6M | 0.86% | +4,302,126+851.6% | Added |
| UBS Group AG | 4,911,891 | $249.9M | 0.05% | +1,221,675+33.1% | Added |
| Boston Partners | 5,376,824 | $275.6M | 0.29% | −194,193−3.5% | Reduced |
| State Street Corp | 5,996,113 | $306.3M | 0.01% | −110,723−1.8% | Reduced |
| State Farm Mutual Automobile Insurance Co | 6,142,778 | $312.5M | 0.25% | 00.0% | Unchanged |
| Everett Harris & Co | 6,407,366 | $326.0M | 3.94% | +13,586+0.2% | Added |
| Citadel Advisors LLC | 7,410,923 | $377.1M | 0.26% | +4,278,889+136.6% | Added |
| Price T Rowe Associates Inc | 9,688,262 | $492.9M | 0.05% | +4,836,285+99.7% | Added |
| Fisher Asset Management, LLC | 9,784,222 | $497.8M | 0.17% | −538,681−5.2% | Reduced |
| FMR LLC | 10,017,325 | $509.7M | 0.03% | −4,058,066−28.8% | Reduced |
| Folketrygdfondet | 10,164,137 | $517.2M | 12.04% | −47,776−0.5% | Reduced |
| Goldman Sachs Group Inc | 10,991,430 | $559.2M | 0.08% | +4,275,072+63.7% | Added |
| Capital International Investors | 11,211,106 | $571.9M | 0.09% | −6,502,318−36.7% | Reduced |
| Bank of America Corp | 11,868,129 | $603.9M | 0.04% | −1,535,249−11.5% | Reduced |
| Morgan Stanley | 12,842,089 | $653.4M | 0.04% | +428,660+3.5% | Added |
| Franklin Resources Inc | 14,702,508 | $748.1M | 0.18% | +717,719+5.1% | Added |
| Loomis Sayles & Co L P | 17,135,384 | $871.8M | 1.05% | +969,916+6.0% | Added |
| Foresight Group Ltd Liability Partnership | 123,759 | – | – | −1,246−1.0% | Reduced |
| Jennison Associates LLC | 0 | $0 | 0.00% | −1,226,004−100.0% | Sold out |
| Schonfeld Strategic Advisors LLC | 0 | $0 | 0.00% | −557,519−100.0% | Sold out |
| Thornburg Investment Management Inc | 0 | $0 | 0.00% | −544,386−100.0% | Sold out |
| MayTech Global Investments, LLC | 0 | $0 | 0.00% | −387,083−100.0% | Sold out |
| Aquatic Capital Management LLC | 0 | $0 | 0.00% | −303,448−100.0% | Sold out |
| Lind Value II ApS | 0 | $0 | 0.00% | −299,144−100.0% | Sold out |
| Mackenzie Financial Corp | 0 | $0 | 0.00% | −289,551−100.0% | Sold out |
| Generate Investment Management Ltd | 0 | $0 | 0.00% | −229,962−100.0% | Sold out |
| Kovitz Investment Group Partners, LLC | 0 | $0 | 0.00% | −224,199−100.0% | Sold out |
| Eversept Partners, LP | 0 | $0 | 0.00% | −217,708−100.0% | Sold out |
| Leonteq Securities AG | 0 | $0 | 0.00% | −179,680−100.0% | Sold out |
| Bridgewater Associates, LP | 0 | $0 | 0.00% | −138,947−100.0% | Sold out |
| Claudia M.P. Batlle, CRP (R) LLC | 0 | $0 | 0.00% | −138,693−100.0% | Sold out |
| Talbot Financial, LLC | 0 | $0 | 0.00% | −138,104−100.0% | Sold out |
| F/M Investments LLC | 0 | $0 | 0.00% | −126,633−100.0% | Sold out |
| GF Fund Management Co. Ltd. | 0 | $0 | 0.00% | −120,000−100.0% | Sold out |
| Two Sigma Advisers, LP | 0 | $0 | 0.00% | −119,600−100.0% | Sold out |
| Bridger Management, LLC | 0 | $0 | 0.00% | −103,000−100.0% | Sold out |
| Fundamentun, LLC | 0 | $0 | 0.00% | −96,725−100.0% | Sold out |
| Arlington Partners LLC | 0 | $0 | 0.00% | −93,006−100.0% | Sold out |
| Solidarilty Wealth, LLC | 0 | $0 | 0.00% | −76,918−100.0% | Sold out |
| Van Hulzen Asset Management, LLC | 0 | $0 | 0.00% | −71,970−100.0% | Sold out |
| Bayesian Capital Management, LP | 0 | $0 | 0.00% | −68,300−100.0% | Sold out |
| Perpetual Ltd | 0 | $0 | 0.00% | −64,816−100.0% | Sold out |
| Geo Capital Gestora de Recursos Ltd | 0 | $0 | 0.00% | −51,611−100.0% | Sold out |
| Empowered Funds, LLC | 0 | $0 | 0.00% | −51,040−100.0% | Sold out |
| Resolute Capital Asset Partners LLC | 0 | $0 | 0.00% | −50,000−100.0% | Sold out |
| Summit Wealth Group LLC | 0 | $0 | 0.00% | −29,458−100.0% | Sold out |
| Matauro, LLC | 0 | $0 | 0.00% | −47,076−100.0% | Sold out |
| Hussman Strategic Advisors, Inc. | 0 | $0 | 0.00% | −42,000−100.0% | Sold out |
| Zevin Asset Management LLC | 0 | $0 | 0.00% | −41,017−100.0% | Sold out |
| Verition Fund Management LLC | 0 | $0 | 0.00% | −36,435−100.0% | Sold out |
| Cloverfields Capital Group, LP | 0 | $0 | 0.00% | −36,354−100.0% | Sold out |
| Arjuna Capital | 0 | $0 | 0.00% | −35,652−100.0% | Sold out |
| Pitcairn Co | 0 | $0 | 0.00% | −32,113−100.0% | Sold out |
| Settian Capital LP | 0 | $0 | 0.00% | −30,000−100.0% | Sold out |
| Laurion Capital Management LP | 0 | $0 | 0.00% | −29,200−100.0% | Sold out |
| Fiduciary Alliance LLC | 0 | $0 | 0.00% | −29,115−100.0% | Sold out |
| Fore Capital, LLC | 0 | $0 | 0.00% | −29,000−100.0% | Sold out |
| Wealth Advisory Solutions, LLC | 0 | $0 | 0.00% | −28,577−100.0% | Sold out |
| Hayek Kallen Investment Management | 0 | $0 | 0.00% | −28,008−100.0% | Sold out |
| Diadema Partners LP | 0 | $0 | 0.00% | −25,000−100.0% | Sold out |
| South Street Advisors LLC | 0 | $0 | 0.00% | −24,537−100.0% | Sold out |
| Game Creek Capital, LP | 0 | $0 | 0.00% | −23,250−100.0% | Sold out |
| Alta Capital Management LLC | 0 | $0 | 0.00% | −23,198−100.0% | Sold out |
| Jump Financial, LLC | 0 | $0 | 0.00% | −22,267−100.0% | Sold out |
| Notis-McConarty Edward | 0 | $0 | 0.00% | −20,525−100.0% | Sold out |
| Scientech Research LLC | 0 | $0 | 0.00% | −19,624−100.0% | Sold out |
| Guardian Capital LP | 0 | $0 | 0.00% | −19,213−100.0% | Sold out |
| Two Sigma Securities, LLC | 0 | $0 | 0.00% | −18,291−100.0% | Sold out |
| Pacific Point Advisors, LLC | 0 | $0 | 0.00% | −18,248−100.0% | Sold out |
| Legacy Financial Advisors, Inc. | 0 | $0 | 0.00% | −16,558−100.0% | Sold out |
| Mount Yale Investment Advisors, LLC | 0 | $0 | 0.00% | −15,265−100.0% | Sold out |
| Beaumont Financial Advisors, LLC | 0 | $0 | 0.00% | −15,231−100.0% | Sold out |
| AAFMAA Wealth Management & Trust LLC | 0 | $0 | 0.00% | −15,130−100.0% | Sold out |
| Comgest Global Investors S.A.S. | 0 | $0 | 0.00% | −14,961−100.0% | Sold out |
| Bailard, Inc. | 0 | $0 | 0.00% | −14,737−100.0% | Sold out |
| Brookwood Investment Group LLC | 0 | $0 | 0.00% | −14,690−100.0% | Sold out |
| Golden State Equity Partners | 0 | $0 | 0.00% | −14,337−100.0% | Sold out |
| Brighton Jones LLC | 0 | $0 | 0.00% | −13,976−100.0% | Sold out |
| Marks Group Wealth Management, Inc | 0 | $0 | 0.00% | −13,335−100.0% | Sold out |
| Clal Insurance Enterprises Holdings Ltd | 0 | $0 | 0.00% | −13,000−100.0% | Sold out |
| Tritonpoint Wealth, LLC | 0 | $0 | 0.00% | −12,151−100.0% | Sold out |
| Mezzasalma Advisors, LLC | 0 | $0 | 0.00% | −12,126−100.0% | Sold out |
| Black Maple Capital Management LP | 0 | $0 | 0.00% | −11,999−100.0% | Sold out |
| Gradient Investments LLC | 0 | $0 | 0.00% | −11,872−100.0% | Sold out |
| Fortis Capital Management LLC | 0 | $0 | 0.00% | −11,850−100.0% | Sold out |
| Peddock Capital Advisors, LLC | 0 | $0 | 0.00% | −11,498−100.0% | Sold out |
| DRW Securities, LLC | 0 | $0 | 0.00% | −11,363−100.0% | Sold out |
| Journey Beyond Wealth, LLC | 0 | $0 | 0.00% | −11,320−100.0% | Sold out |
| Axxcess Wealth Management, LLC | 0 | $0 | 0.00% | −10,976−100.0% | Sold out |
| Kidder Stephen W | 0 | $0 | 0.00% | −10,545−100.0% | Sold out |
| Riverbend Wealth Management, LLC | 0 | $0 | 0.00% | −8,884−100.0% | Sold out |
| KFG Wealth Management, LLC | 0 | $0 | 0.00% | −8,205−100.0% | Sold out |
| Wallace Advisory Group, LLC | 0 | $0 | 0.00% | −6,520−100.0% | Sold out |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 0 | $0 | 0.00% | −6,861−100.0% | Sold out |
| Heritage Family Offices, LLP | 0 | $0 | 0.00% | −6,853−100.0% | Sold out |
| Strategic Wealth Designers | 0 | $0 | 0.00% | −6,584−100.0% | Sold out |
| Heron Bay Capital Management | 0 | $0 | 0.00% | −6,266−100.0% | Sold out |