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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, 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.

Institutional holdersQ4 2025: 1,421 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: 1,746 institutionsQ2 2024: 1,867 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 heldQ4 2025: $16.0B
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 20241,867$47.9B
Q1 20241,746$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, Q4 2025

Shares, value and share of portfolio for each institution holding Novo Nordisk A S; share changes are against Q3 2025.

Institutions holding NVO in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Close Asset Management Ltd570$29.0K0.00%−583−50.6%Reduced
Maseco LLP574$29.2K0.00%+574New
Granite FO LLC590$30.0K0.02%00.0%Unchanged
Transamerica Financial Advisors, Inc.603$30.7K0.00%+403+201.5%Added
Quaker Wealth Management, LLC615$31.3K0.01%+400+186.0%Added
Oakworth Capital, Inc.619$31.5K0.00%+182+41.6%Added
GW&K Investment Management, LLC642$33.0K0.00%+200+45.2%Added
DV Trading LLC676$34.4K0.00%+676New
Hager Investment Management Services, LLC684$34.8K0.02%+154+29.1%Added
Kozak & Associates, Inc.593$34.9K0.01%00.0%Unchanged
Trust Co of Toledo NA700$35.6K0.00%−156−18.2%Reduced
Ameriflex Group, Inc.770$39.2K0.02%−816−51.5%Reduced
Colonial Trust Co793$40.3K0.01%−71−8.2%Reduced
Solstein Capital, LLC794$40.4K0.02%00.0%Unchanged
Westfuller Advisors, LLC795$40.5K0.02%−86−9.8%Reduced
JFS Wealth Advisors, LLC797$40.6K0.00%−359−31.1%Reduced
Rocky Mountain Advisers, LLC800$40.7K0.01%00.0%Unchanged
Missouri Trust & Investment Co800$40.7K0.01%00.0%Unchanged
Kingdom Financial Group LLC.801$40.8K0.01%+801New
T. Rowe Price Investment Management, Inc.802$41.0K0.00%+802New
Community Bank, N.A.806$41.0K0.00%00.0%Unchanged
Align Financial, LLC41,315$41.3K0.02%+41,315New
Root Financial Partners, LLC837$42.6K0.00%+21+2.6%Added
Lavaca Capital LLC840$42.7K0.01%00.0%Unchanged
Bogart Wealth, LLC841$42.8K0.00%−261−23.7%Reduced
Provenance Wealth Advisors, LLC841$42.8K0.00%00.0%Unchanged
Quattro Advisors LLC859$43.7K0.03%+859New
Eagle Bay Advisors LLC859$43.7K0.03%+859New
Quent Capital, LLC870$44.3K0.00%+144+19.8%Added
Roble, Belko & Company, Inc892$45.0K0.01%+434+94.8%Added
Kennebec Savings Bank892$45.4K0.04%00.0%Unchanged
Ritter Daniher Financial Advisory LLC895$45.5K0.01%+677+310.6%Added
Olistico Wealth, LLC901$45.8K0.02%+901New
Elyxium Wealth, LLC926$47.1K0.01%+926New
Banque Transatlantique SA945$48.1K0.00%−1,410−59.9%Reduced
Farmers & Merchants Trust Co of Chambersburg PA955$49.0K0.01%−1,254−56.8%Reduced
Evelyn Partners Investment Management Services Ltd985$50.1K0.01%00.0%Unchanged
Winnow Wealth LLC988$50.4K0.04%00.0%Unchanged
Park Place Capital Corp1,000$50.9K0.01%00.0%Unchanged
Pittenger & Anderson Inc1,015$51.6K0.00%+915+915.0%Added
Optima Capital LLC1,034$52.6K0.02%+1,034New
City State Bank1,040$52.9K0.01%00.0%Unchanged
Heritage Wealth Advisors1,050$53.4K0.00%00.0%Unchanged
Whipplewood Advisors, LLC1,074$54.6K0.04%+74+7.4%Added
Covestor Ltd1,077$55.0K0.03%−123−10.3%Reduced
Washington Trust Advisors, Inc.1,081$55.0K0.00%+83+8.3%Added
Investment Research & Advisory Group, Inc.1,115$56.7K0.02%00.0%Unchanged
Manitou Investment Management Ltd.1,159$59.0K0.01%00.0%Unchanged
Creative Financial Designs Inc1,170$59.5K0.00%+1,012+640.5%Added
Barrett & Company, Inc.1,189$60.5K0.02%+20+1.7%Added
GPS Wealth Strategies Group, LLC1,201$61.1K0.05%−3,620−75.1%Reduced
Lodestone Wealth Management LLC1,248$63.5K0.03%+1,248New
Salomon & Ludwin, LLC1,185$65.3K0.01%−300−20.2%Reduced
Gilpin Wealth Management, LLC1,309$66.6K0.05%+1,309New
SHP Wealth Management1,316$67.0K0.01%+1,316New
Entrust Financial LLC1,369$69.7K0.05%+1,369New
S&T Bank1,430$72.8K0.02%00.0%Unchanged
Crewe Advisors LLC1,439$73.2K0.01%+6+0.4%Added
Glen Eagle Advisors, LLC1,444$73.5K0.01%−758−34.4%Reduced
Cornerstone Planning Group LLC1,251$75.5K0.01%+1,195+2,133.9%Added
TSFG, LLC1,500$76.0K0.01%+599+66.5%Added
North Star Investment Management Corp.1,496$76.1K0.00%−558−27.2%Reduced
First Horizon Corp1,496$76.1K0.00%−155−9.4%Reduced
Nisa Investment Advisors, LLC1,502$76.4K0.00%−198−11.6%Reduced
Cary Street Partner Investment Advisory LLC1,518$77.2K0.02%+338+28.6%Added
Addison Advisors LLC1,544$78.6K0.02%−24−1.5%Reduced
WPG Advisers, LLC1,547$78.7K0.06%−310−16.7%Reduced
Garner Asset Management Corp1,572$80.0K0.03%+1,572New
Trifecta Capital Advisors, LLC1,616$82.2K0.01%+1,000+162.3%Added
Larson Financial Group LLC1,618$82.3K0.00%−1,774−52.3%Reduced
Truvestments Capital LLC1,639$83.4K0.02%−200−10.9%Reduced
JNBA Financial Advisors1,676$85.3K0.01%00.0%Unchanged
Asset Dedication, LLC1,755$89.3K0.01%−610−25.8%Reduced
Gables Capital Management Inc.1,775$90.3K0.04%−125−6.6%Reduced
Kerr Financial Planning Corp2,109$91.9K0.12%+2,083+8,011.5%Added
MSRH, LLC1,868$95.0K0.11%+1,868New
Caitong International Asset Management Co., Ltd1,978$100.6K0.02%−2,400−54.8%Reduced
Strategic Wealth Partners, Ltd.1,996$101.6K0.01%+40+2.0%Added
Avalon Trust Co2,000$101.8K0.01%−372−15.7%Reduced
Parvin Asset Management, LLC2,015$102.5K0.08%−1,200−37.3%Reduced
Stephens Consulting, LLC2,050$104.3K0.03%00.0%Unchanged
General Partner, Inc.2,080$105.8K0.06%00.0%Unchanged
FNY Investment Advisers, LLC2,100$106.0K0.03%+2,100New
Newbridge Financial Services Group, Inc.2,102$106.9K0.02%00.0%Unchanged
Jefferies Financial Group Inc.2,112$107.5K0.00%−3,319−61.1%Reduced
AdvisorNet Financial, Inc2,113$107.5K0.01%+188+9.8%Added
N.E.W. Advisory Services LLC2,114$107.6K0.01%+100+5.0%Added
Westerkirk Capital Inc.2,128$108.3K0.01%−2,472−53.7%Reduced
Center for Financial Planning, Inc.2,134$108.6K0.01%+1,390+186.8%Added
Sunrise Financial Services, LLC2,184$111.1K0.08%+2,184New
Sound Income Strategies, LLC1,791$111.6K0.01%−10−0.6%Reduced
Cito Capital Group, LLC2,206$112.0K0.03%00.0%Unchanged
HM Payson & Co2,225$113.2K0.00%−293−11.6%Reduced
Greykasell Wealth Strategies, Inc.2,269$115.4K0.05%+112+5.2%Added
Palladiem, LLC2,279$116.7K0.11%+2,279New
Parkside Financial Bank & Trust2,302$117.1K0.01%−1,103−32.4%Reduced
Princeton Global Asset Management LLC2,307$117.4K0.02%00.0%Unchanged
Brentview Investment Management LLC2,334$118.8K0.05%00.0%Unchanged
Ancora Advisors, LLC2,381$121.1K0.00%−556−18.9%Reduced
Golden State Wealth Management, LLC2,389$121.6K0.01%+887+59.1%Added