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 |
|---|---|---|---|---|---|
| Fulcrum Equity Management | 4,734 | $240.9K | 0.23% | −1,036−18.0% | Reduced |
| VestGen Advisors, LLC | 4,739 | $241.1K | 0.01% | +141+3.1% | Added |
| Capital Investment Advisors, LLC | 4,745 | $241.4K | 0.00% | −162−3.3% | Reduced |
| Sittner & Nelson, LLC | 5,073 | $241.7K | 0.09% | −20.0% | Reduced |
| Colonial Trust Advisors | 4,766 | $242.5K | 0.02% | −456−8.7% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 4,767 | $242.5K | 0.00% | −16,200−77.3% | Reduced |
| Sage Mountain Advisors LLC | 4,769 | $242.6K | 0.01% | −2,625−35.5% | Reduced |
| First Financial Bankshares Inc | 4,774 | $242.9K | 0.00% | +4,774 | New |
| Sargent Investment Group, LLC | 4,776 | $243.0K | 0.03% | +4,776 | New |
| Essex Financial Services, Inc. | 4,795 | $244.0K | 0.01% | −494−9.3% | Reduced |
| Tortuga Wealth Management, Inc | 4,797 | $244.0K | 0.26% | +4,797 | New |
| Hyposwiss Advisors SA | 4,820 | $245.2K | 0.24% | +4,820 | New |
| Tradewinds Capital Management, LLC | 4,860 | $247.3K | 0.05% | 00.0% | Unchanged |
| Manske Wealth Management | 4,880 | $248.3K | 0.07% | +4,880 | New |
| National Philanthropic Trust | 4,881 | $248.3K | 0.00% | +4,881 | New |
| Exeter Financial, LLC | 4,895 | $249.1K | 0.11% | +4,895 | New |
| Manchester Capital Management LLC | 4,914 | $250.0K | 0.03% | −2,271−31.6% | Reduced |
| Texas Capital Bank Wealth Management Services Inc | 4,921 | $250.4K | 0.01% | +4,921 | New |
| Moneta Group Investment Advisors LLC | 4,929 | $250.8K | 0.00% | +4,929 | New |
| Aspiriant, LLC | 4,941 | $251.4K | 0.01% | +6+0.1% | Added |
| Williams Jones Wealth Management, LLC. | 4,950 | $251.9K | 0.00% | −122−2.4% | Reduced |
| Hanson & Doremus Investment Management | 5,000 | $254.0K | 0.03% | −286−5.4% | Reduced |
| Dynamic Technology Lab Private Ltd | 5,000 | $254.0K | 0.06% | +5,000 | New |
| Centiva Capital, LP | 5,000 | $254.4K | 0.02% | −47,298−90.4% | Reduced |
| Harbour Wealth Management Group, Inc. | 5,034 | $256.1K | 0.20% | +5,034 | New |
| Accretive Wealth Partners, LLC | 5,045 | $256.7K | 0.08% | 00.0% | Unchanged |
| Webster Bank, N. A. | 5,047 | $256.8K | 0.02% | −413−7.6% | Reduced |
| Camden Capital, LLC | 5,052 | $257.1K | 0.02% | +177+3.6% | Added |
| BNC Wealth Management, LLC | 5,058 | $257.4K | 0.07% | 00.0% | Unchanged |
| Angeles Wealth Management, LLC | 5,076 | $258.3K | 0.01% | +1,122+28.4% | Added |
| Thompson David Blair | 5,104 | $259.7K | 0.15% | +5,104 | New |
| a16z Perennial Management, L.P. | 5,176 | $263.4K | 0.02% | 00.0% | Unchanged |
| Defined Wealth Management, LLC | 5,199 | $264.5K | 0.15% | −797−13.3% | Reduced |
| Samjo Management, LLC | 5,200 | $264.6K | 0.10% | −100−1.9% | Reduced |
| Intrust Bank NA | 5,215 | $265.3K | 0.02% | −119−2.2% | Reduced |
| Geneos Wealth Management Inc. | 5,222 | $265.7K | 0.01% | −7,734−59.7% | Reduced |
| Archford Capital Strategies, LLC | 5,223 | $265.7K | 0.03% | +5,223 | New |
| Kentucky Trust Co | 5,250 | $267.1K | 0.14% | −400−7.1% | Reduced |
| Mather Group, LLC. | 5,279 | $268.6K | 0.00% | −140−2.6% | Reduced |
| PMV Capital Advisers, LLC | 5,301 | $269.7K | 0.49% | 00.0% | Unchanged |
| True North Advisors, LLC | 5,305 | $269.9K | 0.03% | +199+3.9% | Added |
| Hancock Whitney Corp | 5,340 | $271.7K | 0.00% | −4,723−46.9% | Reduced |
| Mission Creek Capital Partners, Inc. | 5,342 | $271.8K | 0.05% | −41,468−88.6% | Reduced |
| Elm Partners Management LLC | 5,330 | $272.1K | 0.01% | 00.0% | Unchanged |
| Change Path, LLC | 5,358 | $272.6K | 0.01% | −955−15.1% | Reduced |
| Simplicity Wealth,LLC | 5,359 | $272.7K | 0.02% | +944+21.4% | Added |
| Elefante Mark B | 5,370 | $273.2K | 0.17% | −9,493−63.9% | Reduced |
| Asio Capital, LLC | 5,386 | $274.0K | 0.04% | +200+3.9% | Added |
| Verdence Capital Advisors LLC | 5,394 | $274.4K | 0.02% | −28,409−84.0% | Reduced |
| Hudson Portfolio Management LLC | 5,415 | $275.5K | 0.24% | 00.0% | Unchanged |
| Arlington Capital Management, Inc. | 5,422 | $275.9K | 0.17% | +5,422 | New |
| Park National Corp | 5,438 | $276.7K | 0.01% | +517+10.5% | Added |
| EverSource Wealth Advisors, LLC | 5,452 | $277.4K | 0.01% | +1,757+47.6% | Added |
| Fortress Private Ledger, LLC | 5,486 | $279.1K | 0.09% | +1,296+30.9% | Added |
| Berkeley Capital Partners, LLC | 5,505 | $280.1K | 0.07% | +1,641+42.5% | Added |
| Custom Index Systems, LLC | 5,506 | $280.1K | 0.12% | −443−7.4% | Reduced |
| Red Wave Investments LLC | 5,509 | $280.3K | 0.08% | −247−4.3% | Reduced |
| Perkins Coie Trust Co | 5,542 | $282.0K | 0.05% | 00.0% | Unchanged |
| Sierra Ocean, LLC | 5,555 | $282.6K | 0.23% | −1,668−23.1% | Reduced |
| Novare Capital Management LLC | 5,585 | $284.1K | 0.02% | +1,539+38.0% | Added |
| Mayflower Financial Advisors, LLC | 5,601 | $285.0K | 0.03% | −1,058−15.9% | Reduced |
| GFS Advisors, LLC | 5,625 | $286.2K | 0.03% | +5,625 | New |
| Calamos Wealth Management LLC | 5,639 | $286.9K | 0.01% | −1,843−24.6% | Reduced |
| Five Oceans Advisors | 5,647 | $287.3K | 0.10% | −3,213−36.3% | Reduced |
| Frontier Asset Management, LLC | 5,679 | $288.9K | 0.07% | +5,679 | New |
| Private Trust Co NA | 5,683 | $289.2K | 0.03% | −6,521−53.4% | Reduced |
| Athena Wealth Management, LLC | 5,696 | $289.8K | 0.28% | +5,696 | New |
| King Luther Capital Management Corp | 5,717 | $290.9K | 0.00% | −1,929−25.2% | Reduced |
| Anchyra Partners LLC | 5,717 | $290.9K | 0.09% | +5,717 | New |
| Calton & Associates, Inc. | 5,719 | $291.0K | 0.04% | +5,719 | New |
| Kathmere Capital Management, LLC | 5,786 | $294.4K | 0.02% | −1,876−24.5% | Reduced |
| Crestwood Advisors Group LLC | 5,815 | $295.9K | 0.00% | +2,052+54.5% | Added |
| Cromwell Holdings LLC | 5,832 | $296.7K | 0.16% | −50−0.9% | Reduced |
| Cyndeo Wealth Partners, LLC | 5,847 | $297.5K | 0.02% | +2,103+56.2% | Added |
| Optas, LLC | 5,863 | $298.3K | 0.05% | +642+12.3% | Added |
| Valmark Advisers, Inc. | 5,870 | $298.7K | 0.00% | +18+0.3% | Added |
| Armstrong, Fleming & Moore, Inc | 5,878 | $299.1K | 0.14% | −234−3.8% | Reduced |
| Kingsview Wealth Management, LLC | 5,935 | $302.0K | 0.00% | +653+12.4% | Added |
| Traveka Wealth, LLC | 5,950 | $302.7K | 0.12% | −836−12.3% | Reduced |
| Zuckerman Investment Group, LLC | 5,952 | $302.8K | 0.03% | 00.0% | Unchanged |
| Bank of Stockton | 5,954 | $302.9K | 0.09% | +580+10.8% | Added |
| Argos Wealth Advisors, LLC | 5,966 | $303.6K | 0.09% | +5,966 | New |
| Lockerman Financial Group, Inc. | 5,975 | $304.0K | 0.58% | 00.0% | Unchanged |
| Waldron Private Wealth LLC | 5,981 | $304.3K | 0.01% | −1,176−16.4% | Reduced |
| AXS Investments LLC | 6,000 | $305.3K | 0.11% | 00.0% | Unchanged |
| Martel Wealth Advisors Inc | 6,000 | $305.3K | 0.05% | 00.0% | Unchanged |
| Chung Wu Investment Group, LLC | 6,000 | $305.3K | 0.25% | +6,000 | New |
| Intercapital, LLC | 6,000 | $305.3K | 0.16% | +6,000 | New |
| FDx Advisors, Inc. | 6,017 | $306.0K | 0.16% | +298+5.2% | Added |
| Cozad Asset Management Inc | 6,019 | $306.2K | 0.02% | −3,457−36.5% | Reduced |
| Nwam LLC | 4,790 | $306.4K | 0.02% | +4,790 | New |
| Fifth Third Wealth Advisors LLC | 6,050 | $307.8K | 0.01% | +19+0.3% | Added |
| Fairfield Financial Advisors, LTD | 6,066 | $308.6K | 0.10% | −5,383−47.0% | Reduced |
| Analyst IMS Investment Management Services Ltd. | 6,070 | $309.0K | 0.01% | +6,070 | New |
| NWF Advisory Services Inc. | 6,091 | $309.9K | 0.03% | −1,046−14.7% | Reduced |
| Leo Wealth, LLC | 6,105 | $310.6K | 0.02% | +1,762+40.6% | Added |
| Flatrock Wealth Partners LLC | 6,120 | $311.4K | 0.15% | +6,120 | New |
| Broderick Brian C | 6,135 | $312.1K | 0.06% | −29,866−83.0% | Reduced |
| Union Savings Bank | 6,137 | $312.2K | 0.14% | +6,137 | New |
| Insight Advisors, LLC | 6,173 | $314.1K | 0.05% | −279−4.3% | Reduced |