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 |
|---|---|---|---|---|---|
| MSH Capital Advisors LLC | 16,150 | $821.7K | 0.18% | +727+4.7% | Added |
| Cacti Asset Management LLC | 16,000 | $823.5K | 0.05% | 00.0% | Unchanged |
| Johnson Investment Counsel Inc | 16,192 | $823.8K | 0.01% | −550−3.3% | Reduced |
| Delaney Dennis R | 16,250 | $826.8K | 0.42% | −5,020−23.6% | Reduced |
| Vienna Asset Management LLC | 16,360 | $832.4K | 0.47% | +4,845+42.1% | Added |
| Summit Financial Wealth Advisors, LLC | 16,392 | $834.0K | 0.12% | +7,459+83.5% | Added |
| LOM Asset Management Ltd | 16,450 | $837.0K | 0.24% | −40−0.2% | Reduced |
| Raelipskie Partnership | 16,882 | $859.0K | 0.36% | −638−3.6% | Reduced |
| Aigen Investment Management, LP | 16,917 | $860.7K | 0.20% | +16,917 | New |
| Insigneo Advisory Services, LLC | 16,955 | $862.7K | 0.06% | −8,512−33.4% | Reduced |
| Outfitter Financial LLC | 17,010 | $865.5K | 0.68% | −1,050−5.8% | Reduced |
| Smartleaf Asset Management LLC | 17,135 | $877.7K | 0.03% | −2,484−12.7% | Reduced |
| Lakeside Advisors, INC. | 17,300 | $880.2K | 0.56% | −550−3.1% | Reduced |
| 180 Wealth Advisors, LLC | 17,312 | $880.8K | 0.10% | +4,363+33.7% | Added |
| Wesbanco Bank Inc | 17,553 | $893.1K | 0.02% | −58,967−77.1% | Reduced |
| Vista Investment Management | 17,766 | $903.9K | 0.30% | −3,281−15.6% | Reduced |
| Human Investing LLC | 17,791 | $905.2K | 0.13% | −1,019−5.4% | Reduced |
| Fairfield, Bush & Co. | 17,814 | $906.4K | 0.48% | +284+1.6% | Added |
| Banco de Sabadell, S.A | 17,900 | $911.0K | 0.59% | −113−0.6% | Reduced |
| Sanibel Captiva Trust Company, Inc. | 17,905 | $911.0K | 0.03% | −14,421−44.6% | Reduced |
| Parr McKnight Wealth Management Group, LLC | 17,915 | $911.5K | 0.12% | −9,484−34.6% | Reduced |
| Bath Savings Trust Co | 18,016 | $916.7K | 0.09% | −7,988−30.7% | Reduced |
| Hemenway Trust Co LLC | 18,090 | $920.4K | 0.07% | −60,077−76.9% | Reduced |
| Moors & Cabot, Inc. | 18,094 | $920.6K | 0.04% | −2,357−11.5% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 18,175 | $924.7K | 0.03% | −1,119−5.8% | Reduced |
| Global Trust Asset Management, LLC | 18,345 | $933.4K | 0.37% | −2,978−14.0% | Reduced |
| Logan Capital Management Inc | 18,511 | $941.8K | 0.04% | −1,560−7.8% | Reduced |
| Rehmann Capital Advisory Group | 18,552 | $944.0K | 0.05% | +4,664+33.6% | Added |
| SkyView Investment Advisors, LLC | 18,659 | $949.0K | 0.12% | +302+1.6% | Added |
| West Family Investments, Inc. | 18,671 | $950.0K | 0.22% | −3,041−14.0% | Reduced |
| Diamant Asset Management, Inc. | 18,840 | $958.6K | 0.69% | −3,295−14.9% | Reduced |
| Integrity Alliance, LLC. | 18,930 | $963.2K | 0.04% | +9,907+109.8% | Added |
| Demars Financial Group, LLC | 19,269 | $980.4K | 0.33% | +2,930+17.9% | Added |
| Sapient Capital LLC | 19,186 | $982.7K | 0.01% | +810+4.4% | Added |
| Altfest L J & Co Inc | 19,377 | $985.9K | 0.11% | +265+1.4% | Added |
| Natural Investments, LLC | 19,432 | $988.0K | 0.25% | +40+0.2% | Added |
| Hunter Associates Investment Management LLC | 19,498 | $989.0K | 0.13% | −1,224−5.9% | Reduced |
| Hirtle Callaghan & Co LLC | 19,457 | $990.0K | 0.03% | 00.0% | Unchanged |
| Commerce Bank | 19,530 | $993.7K | 0.01% | −1,399−6.7% | Reduced |
| Smart Money Group LLC | 19,646 | $999.6K | 0.29% | +1,288+7.0% | Added |
| Kennedy Investment Group | 19,672 | $1.00M | 0.38% | +19,672 | New |
| Legacy Capital Group California, Inc. | 19,694 | $1.00M | 0.24% | +560+2.9% | Added |
| J. Goldman & Co LP | 19,799 | $1.01M | 0.04% | −30,201−60.4% | Reduced |
| Novem Group | 19,938 | $1.01M | 0.12% | +19,938 | New |
| Inspire Trust Co, N.A. | 20,000 | $1.02M | 0.17% | −15,000−42.9% | Reduced |
| Boothbay Fund Management, LLC | 20,043 | $1.02M | 0.03% | +8,064+67.3% | Added |
| Ironwood Investment Management LLC | 20,103 | $1.02M | 0.43% | −297−1.5% | Reduced |
| Alliancebernstein L.P. | 20,230 | $1.03M | 0.00% | −507−2.4% | Reduced |
| Disciplined Investors, L.L.C. | 20,233 | $1.03M | 0.68% | +20,233 | New |
| Thrivent Financial for Lutherans | 20,217 | $1.03M | 0.00% | −689−3.3% | Reduced |
| Independent Financial Group, LLC | 20,306 | $1.03M | 0.02% | +5,232+34.7% | Added |
| Capital Advisors Inc | 20,311 | $1.03M | 0.02% | −413−2.0% | Reduced |
| Stablepoint Partners, LLC | 20,551 | $1.05M | 0.16% | −3,452−14.4% | Reduced |
| Bank of New Hampshire | 20,553 | $1.05M | 0.24% | −1,807−8.1% | Reduced |
| Nicollet Investment Management, Inc. | 20,572 | $1.05M | 0.33% | −18,141−46.9% | Reduced |
| SWMG, LLC | 22,122 | $1.05M | 0.29% | 00.0% | Unchanged |
| Sava Infond d.o.o. | 20,725 | $1.05M | 0.14% | −2,000−8.8% | Reduced |
| Mission Wealth Management, LP | 20,760 | $1.06M | 0.02% | −1,070−4.9% | Reduced |
| Claro Advisors LLC | 20,919 | $1.06M | 0.15% | −100−0.5% | Reduced |
| Valeo Financial Advisors, LLC | 21,005 | $1.07M | 0.02% | −997−4.5% | Reduced |
| Gibbs Wealth Management | 18,208 | $1.07M | 0.26% | −3,531−16.2% | Reduced |
| Chilton Capital Management LLC | 21,087 | $1.07M | 0.04% | −175−0.8% | Reduced |
| Carnegie Lake Advisors LLC | 21,175 | $1.08M | 0.41% | +1,025+5.1% | Added |
| Zions Bancorporation, National Association | 21,316 | $1.08M | 0.05% | −14,743−40.9% | Reduced |
| Sunbelt Securities, Inc. | 21,316 | $1.08M | 0.07% | +323+1.5% | Added |
| Ballast Advisors LLC | 21,359 | $1.09M | 0.30% | −376−1.7% | Reduced |
| Checchi Capital Advisers, LLC | 21,388 | $1.09M | 0.07% | −2,793−11.6% | Reduced |
| NBT Bank N A | 21,451 | $1.09M | 0.07% | +51+0.2% | Added |
| Generali Investments CEE, investicni spolecnost, a.s. | 21,475 | $1.09M | 0.08% | +4,533+26.8% | Added |
| Joel Isaacson & Co., LLC | 21,484 | $1.09M | 0.04% | +400+1.9% | Added |
| Welch & Forbes LLC | 21,512 | $1.09M | 0.01% | −34−0.2% | Reduced |
| Baldwin Investment Management, LLC | 21,549 | $1.10M | 0.12% | −325−1.5% | Reduced |
| Signet Investment Advisory Group, Inc. | 21,600 | $1.10M | 0.51% | 00.0% | Unchanged |
| Oak Associates, Ltd | 21,642 | $1.10M | 0.07% | +5,248+32.0% | Added |
| Texas Yale Capital Corp. | 21,649 | $1.10M | 0.03% | −847−3.8% | Reduced |
| PFG Investments, LLC | 21,666 | $1.10M | 0.05% | +7,973+58.2% | Added |
| PCM Encore, LLC | 21,708 | $1.10M | 0.24% | +21,708 | New |
| Sax Wealth Advisors, LLC | 21,751 | $1.11M | 0.05% | −124−0.6% | Reduced |
| Personal Cfo Solutions, LLC | 21,870 | $1.11M | 0.18% | +308+1.4% | Added |
| Intellectus Partners, LLC | 21,908 | $1.11M | 0.22% | +9,316+74.0% | Added |
| Belpointe Asset Management LLC | 21,951 | $1.12M | 0.04% | +3,761+20.7% | Added |
| Banque Cantonale Vaudoise | 21,955 | $1.12M | 0.04% | +1,971+9.9% | Added |
| Headlands Technologies LLC | 22,054 | $1.12M | 0.09% | +22,054 | New |
| Aaron Wealth Advisors | 22,338 | $1.14M | 0.06% | +6,107+37.6% | Added |
| Gordian Capital Singapore Pte Ltd | 22,500 | $1.14M | 1.59% | +9,500+73.1% | Added |
| IHT Wealth Management, LLC | 22,579 | $1.15M | 0.03% | −2,871−11.3% | Reduced |
| First Growth Capital LLC | 23,585 | $1.15M | 1.02% | +23,585 | New |
| Kayne Anderson Rudnick Investment Management LLC | 22,809 | $1.16M | 0.00% | −10,964−32.5% | Reduced |
| Nia Impact Advisors, LLC | 22,900 | $1.17M | 0.39% | 00.0% | Unchanged |
| GeoWealth Management, LLC | 22,974 | $1.17M | 0.04% | +6,190+36.9% | Added |
| Norden Group LLC | 23,001 | $1.17M | 0.11% | −10,398−31.1% | Reduced |
| SeaCrest Wealth Management, LLC | 20,703 | $1.17M | 0.12% | +15,781+320.6% | Added |
| Baldwin Brothers Inc | 23,036 | $1.17M | 0.07% | −9,520−29.2% | Reduced |
| Cinctive Capital Management LP | 23,154 | $1.18M | 0.07% | +23,154 | New |
| Profund Advisors LLC | 23,210 | $1.18M | 0.04% | +14,367+162.5% | Added |
| Capital Group Private Client Services, Inc. | 23,237 | $1.18M | 0.02% | −6,870−22.8% | Reduced |
| Hikari Tsushin, Inc. | 23,512 | $1.20M | 0.08% | 00.0% | Unchanged |
| Diversify Wealth Management, LLC | 20,131 | $1.20M | 0.06% | −4,699−18.9% | Reduced |
| Rossmore Private Capital | 23,700 | $1.21M | 0.11% | +700+3.0% | Added |
| Nelson, Van Denburg & Campbell Wealth Management Group, LLC | 23,801 | $1.21M | 0.04% | +1,465+6.6% | Added |