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 |
|---|---|---|---|---|---|
| Marco Investment Management LLC | 6,550 | $333.3K | 0.03% | 00.0% | Unchanged |
| Jim Saulnier & Associates, LLC | 6,544 | $333.0K | 0.17% | 00.0% | Unchanged |
| Harbour Investments, Inc. | 6,504 | $330.9K | 0.01% | −1,587−19.6% | Reduced |
| First Financial Corp | 6,470 | $329.2K | 0.12% | 00.0% | Unchanged |
| Unified Investment Management | 6,466 | $329.0K | 0.33% | −8,935−58.0% | Reduced |
| Signature Wealth Management Partners, LLC | 6,427 | $327.0K | 0.16% | +2,045+46.7% | Added |
| Tucker Asset Management LLC | 6,410 | $326.1K | 0.09% | +1,277+24.9% | Added |
| Summit Trail Advisors, LLC | 6,405 | $325.9K | 0.01% | −3,054−32.3% | Reduced |
| TownSquare Capital, LLC | 6,384 | $324.8K | 0.07% | −14,616−69.6% | Reduced |
| Murphy & Mullick Capital Management Corp | 6,355 | $323.3K | 0.23% | +378+6.3% | Added |
| Monticello Wealth Management, LLC | 6,343 | $322.7K | 0.02% | +274+4.5% | Added |
| Clarius Group, LLC | 6,320 | $321.6K | 0.02% | −5,818−47.9% | Reduced |
| Buckingham Strategic Partners | 6,262 | $318.6K | 0.00% | −3,019−32.5% | Reduced |
| Canopy Partners, LLC | 6,258 | $318.4K | 0.10% | −248−3.8% | Reduced |
| Stratos Wealth Advisors, LLC | 6,248 | $317.9K | 0.02% | +1,648+35.8% | Added |
| Gallagher Capital Advisors, LLC | 6,248 | $317.9K | 0.21% | −835−11.8% | Reduced |
| Essex LLC | 6,242 | $317.6K | 0.06% | +75+1.2% | Added |
| Frec Markets, Inc. | 6,234 | $317.2K | 0.09% | +6,234 | New |
| LRT Capital Management, LLC | 6,234 | $317.2K | 0.27% | −14,988−70.6% | Reduced |
| NorthRock Partners, LLC | 6,188 | $314.9K | 0.01% | +851+15.9% | Added |
| Insight Advisors, LLC | 6,173 | $314.1K | 0.05% | −279−4.3% | Reduced |
| Union Savings Bank | 6,137 | $312.2K | 0.14% | +6,137 | New |
| Broderick Brian C | 6,135 | $312.1K | 0.06% | −29,866−83.0% | Reduced |
| Flatrock Wealth Partners LLC | 6,120 | $311.4K | 0.15% | +6,120 | New |
| Leo Wealth, LLC | 6,105 | $310.6K | 0.02% | +1,762+40.6% | Added |
| NWF Advisory Services Inc. | 6,091 | $309.9K | 0.03% | −1,046−14.7% | Reduced |
| Analyst IMS Investment Management Services Ltd. | 6,070 | $309.0K | 0.01% | +6,070 | New |
| Fairfield Financial Advisors, LTD | 6,066 | $308.6K | 0.10% | −5,383−47.0% | Reduced |
| Fifth Third Wealth Advisors LLC | 6,050 | $307.8K | 0.01% | +19+0.3% | Added |
| Nwam LLC | 4,790 | $306.4K | 0.02% | +4,790 | New |
| Cozad Asset Management Inc | 6,019 | $306.2K | 0.02% | −3,457−36.5% | Reduced |
| FDx Advisors, Inc. | 6,017 | $306.0K | 0.16% | +298+5.2% | Added |
| 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 |
| Waldron Private Wealth LLC | 5,981 | $304.3K | 0.01% | −1,176−16.4% | Reduced |
| Lockerman Financial Group, Inc. | 5,975 | $304.0K | 0.58% | 00.0% | Unchanged |
| Argos Wealth Advisors, LLC | 5,966 | $303.6K | 0.09% | +5,966 | New |
| Bank of Stockton | 5,954 | $302.9K | 0.09% | +580+10.8% | Added |
| Zuckerman Investment Group, LLC | 5,952 | $302.8K | 0.03% | 00.0% | Unchanged |
| Traveka Wealth, LLC | 5,950 | $302.7K | 0.12% | −836−12.3% | Reduced |
| Kingsview Wealth Management, LLC | 5,935 | $302.0K | 0.00% | +653+12.4% | Added |
| Armstrong, Fleming & Moore, Inc | 5,878 | $299.1K | 0.14% | −234−3.8% | Reduced |
| Valmark Advisers, Inc. | 5,870 | $298.7K | 0.00% | +18+0.3% | Added |
| Optas, LLC | 5,863 | $298.3K | 0.05% | +642+12.3% | Added |
| Cyndeo Wealth Partners, LLC | 5,847 | $297.5K | 0.02% | +2,103+56.2% | Added |
| Cromwell Holdings LLC | 5,832 | $296.7K | 0.16% | −50−0.9% | Reduced |
| Crestwood Advisors Group LLC | 5,815 | $295.9K | 0.00% | +2,052+54.5% | Added |
| Kathmere Capital Management, LLC | 5,786 | $294.4K | 0.02% | −1,876−24.5% | Reduced |
| Calton & Associates, Inc. | 5,719 | $291.0K | 0.04% | +5,719 | 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 |
| Athena Wealth Management, LLC | 5,696 | $289.8K | 0.28% | +5,696 | New |
| Private Trust Co NA | 5,683 | $289.2K | 0.03% | −6,521−53.4% | Reduced |
| Frontier Asset Management, LLC | 5,679 | $288.9K | 0.07% | +5,679 | New |
| Five Oceans Advisors | 5,647 | $287.3K | 0.10% | −3,213−36.3% | Reduced |
| Calamos Wealth Management LLC | 5,639 | $286.9K | 0.01% | −1,843−24.6% | Reduced |
| GFS Advisors, LLC | 5,625 | $286.2K | 0.03% | +5,625 | New |
| Mayflower Financial Advisors, LLC | 5,601 | $285.0K | 0.03% | −1,058−15.9% | Reduced |
| Novare Capital Management LLC | 5,585 | $284.1K | 0.02% | +1,539+38.0% | Added |
| Sierra Ocean, LLC | 5,555 | $282.6K | 0.23% | −1,668−23.1% | Reduced |
| Perkins Coie Trust Co | 5,542 | $282.0K | 0.05% | 00.0% | Unchanged |
| Red Wave Investments LLC | 5,509 | $280.3K | 0.08% | −247−4.3% | Reduced |
| Custom Index Systems, LLC | 5,506 | $280.1K | 0.12% | −443−7.4% | Reduced |
| Berkeley Capital Partners, LLC | 5,505 | $280.1K | 0.07% | +1,641+42.5% | Added |
| Fortress Private Ledger, LLC | 5,486 | $279.1K | 0.09% | +1,296+30.9% | Added |
| EverSource Wealth Advisors, LLC | 5,452 | $277.4K | 0.01% | +1,757+47.6% | Added |
| Park National Corp | 5,438 | $276.7K | 0.01% | +517+10.5% | Added |
| Arlington Capital Management, Inc. | 5,422 | $275.9K | 0.17% | +5,422 | New |
| Hudson Portfolio Management LLC | 5,415 | $275.5K | 0.24% | 00.0% | Unchanged |
| Verdence Capital Advisors LLC | 5,394 | $274.4K | 0.02% | −28,409−84.0% | Reduced |
| Asio Capital, LLC | 5,386 | $274.0K | 0.04% | +200+3.9% | Added |
| Elefante Mark B | 5,370 | $273.2K | 0.17% | −9,493−63.9% | Reduced |
| Simplicity Wealth,LLC | 5,359 | $272.7K | 0.02% | +944+21.4% | Added |
| Change Path, LLC | 5,358 | $272.6K | 0.01% | −955−15.1% | Reduced |
| Elm Partners Management LLC | 5,330 | $272.1K | 0.01% | 00.0% | Unchanged |
| Mission Creek Capital Partners, Inc. | 5,342 | $271.8K | 0.05% | −41,468−88.6% | Reduced |
| Hancock Whitney Corp | 5,340 | $271.7K | 0.00% | −4,723−46.9% | Reduced |
| True North Advisors, LLC | 5,305 | $269.9K | 0.03% | +199+3.9% | Added |
| PMV Capital Advisers, LLC | 5,301 | $269.7K | 0.49% | 00.0% | Unchanged |
| Mather Group, LLC. | 5,279 | $268.6K | 0.00% | −140−2.6% | Reduced |
| Kentucky Trust Co | 5,250 | $267.1K | 0.14% | −400−7.1% | Reduced |
| Archford Capital Strategies, LLC | 5,223 | $265.7K | 0.03% | +5,223 | New |
| Geneos Wealth Management Inc. | 5,222 | $265.7K | 0.01% | −7,734−59.7% | Reduced |
| Intrust Bank NA | 5,215 | $265.3K | 0.02% | −119−2.2% | Reduced |
| Samjo Management, LLC | 5,200 | $264.6K | 0.10% | −100−1.9% | Reduced |
| Defined Wealth Management, LLC | 5,199 | $264.5K | 0.15% | −797−13.3% | Reduced |
| a16z Perennial Management, L.P. | 5,176 | $263.4K | 0.02% | 00.0% | Unchanged |
| Thompson David Blair | 5,104 | $259.7K | 0.15% | +5,104 | New |
| Angeles Wealth Management, LLC | 5,076 | $258.3K | 0.01% | +1,122+28.4% | Added |
| BNC Wealth Management, LLC | 5,058 | $257.4K | 0.07% | 00.0% | Unchanged |
| Camden Capital, LLC | 5,052 | $257.1K | 0.02% | +177+3.6% | Added |
| Webster Bank, N. A. | 5,047 | $256.8K | 0.02% | −413−7.6% | Reduced |
| Accretive Wealth Partners, LLC | 5,045 | $256.7K | 0.08% | 00.0% | Unchanged |
| Harbour Wealth Management Group, Inc. | 5,034 | $256.1K | 0.20% | +5,034 | New |
| Centiva Capital, LP | 5,000 | $254.4K | 0.02% | −47,298−90.4% | 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 |
| Williams Jones Wealth Management, LLC. | 4,950 | $251.9K | 0.00% | −122−2.4% | Reduced |