Skip to main content
Livermore
Livermore
ZHEN

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: 1,745 institutionsQ2 2024: 1,866 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 20241,866$47.9B
Q1 20241,745$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
Marshall & Sterling Wealth Advisors Inc.218$11.1K0.01%+47+27.5%Added
Nemes Rush Group LLC218$11.1K0.00%+55+33.7%Added
Mark Sheptoff Financial Planning, LLC213$10.8K0.01%+200+1,538.5%Added
TD Capital Management LLC212$10.8K0.00%−582−73.3%Reduced
Archer Investment Corp204$10.4K0.00%00.0%Unchanged
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main199$10.2K0.00%−13,100−98.5%Reduced
Graney & King, LLC200$10.2K0.01%−415−67.5%Reduced
McIlrath & Eck, LLC200$10.2K0.00%00.0%Unchanged
Founders Capital Management200$10.2K0.01%+200New
SOA Wealth Advisors, LLC.197$10.0K0.00%00.0%Unchanged
YANKCOM Partnership190$9.67K0.00%00.0%Unchanged
Alerus Financial NA186$9.46K0.00%−185−49.9%Reduced
Bravera Wealth183$9.31K0.00%+183New
Cornerstone Financial Management LLC181$9.21K0.01%+181New
Sachetta, LLC178$9.06K0.00%00.0%Unchanged
Capital Analysts, LLC181$9.00K0.00%−73−28.7%Reduced
Retirement Wealth Solutions LLC176$8.96K0.01%−30−14.6%Reduced
Adkins Seale Capital Management LLC174$8.85K0.01%+174New
Tripletail Wealth Management, LLC169$8.60K0.01%−27−13.8%Reduced
Tacita Capital Inc169$8.60K0.00%00.0%Unchanged
Horizon Investments, LLC166$8.45K0.00%−485−74.5%Reduced
Benson Wealth Management INC163$8.29K0.01%+163New
Principia Wealth Advisory, LLC162$8.24K0.01%−4−2.4%Reduced
Bank of Jackson Hole Trust160$8.14K0.00%00.0%Unchanged
Cape Investment Advisory, Inc.158$8.04K0.00%−5−3.1%Reduced
Pacifica Partners Inc.153$8.02K0.00%+43+39.1%Added
Hughes Financial Services, LLC152$7.73K0.00%00.0%Unchanged
Garton & Associates Financial Advisors LLC150$7.64K0.00%+150New
Tidemark, LLC150$7.63K0.00%−20−11.8%Reduced
Dorato Capital Management126$7.42K0.01%+126New
Aspect Partners, LLC145$7.38K0.00%+12+9.0%Added
Rachor Investment Advisory Services, LLC139$7.06K0.00%+139New
Park Square Financial Group, LLC81$6.97K0.04%+81New
LM Advisors LLC332$6.52K0.13%+332New
Hoey Investments, Inc118$6.00K0.00%+50+73.5%Added
Legacy Wealth Managment, LLC117$5.95K0.00%+8+7.3%Added
Kilter Group LLC116$5.90K0.00%+59+103.5%Added
Armstrong Advisory Group, Inc115$5.85K0.00%−93−44.7%Reduced
Newton One Investments LLC115$5.85K0.00%00.0%Unchanged
Financial Freedom, LLC115$5.85K0.00%00.0%Unchanged
First United Bank Trust105$5.34K0.00%00.0%Unchanged
Global Wealth Strategies & Associates100$5.09K0.00%−7−6.5%Reduced
Team Financial Group, LLC100$5.09K0.00%00.0%Unchanged
Gold Investment Management Ltd.100$5.09K0.00%00.0%Unchanged
Sarver Vrooman Wealth Advisors100$5.09K0.00%+100New
Estate Planners Group, LLC99$5.01K0.00%+99New
First PREMIER Bank100$5.00K0.00%00.0%Unchanged
Avion Wealth100$5.00K0.00%+100New
1620 Investment Advisors, Inc.96$4.88K0.00%00.0%Unchanged
Valued Wealth Advisors LLC95$4.83K0.00%−80−45.7%Reduced
SWAN Capital LLC95$4.83K0.00%−25−20.8%Reduced
Reyes Financial Architecture, Inc.92$4.68K0.00%+92New
HHM Wealth Advisors, LLC90$4.58K0.00%00.0%Unchanged
Inlight Wealth Management, LLC90$4.58K0.00%00.0%Unchanged
IMA Wealth, Inc.90$4.58K0.00%+90New
Financial Consulate, Inc90$4.56K0.00%−41−31.3%Reduced
Greenline Wealth Management LLC84$4.29K0.00%+84New
Fourth Dimension Wealth, LLC83$4.22K0.00%00.0%Unchanged
Walsh & Associates, LLC82$4.17K0.00%+82New
Wealth Preservation Advisors, LLC80$4.07K0.00%−6−7.0%Reduced
Western Pacific Wealth Management, LP80$4.07K0.00%00.0%Unchanged
West Branch Capital LLC78$3.97K0.00%00.0%Unchanged
Quest 10 Wealth Builders, Inc.76$3.87K0.00%−24−24.0%Reduced
Blume Capital Management, Inc.75$3.82K0.00%00.0%Unchanged
Horrell Capital Management, Inc.70$3.56K0.00%00.0%Unchanged
Hallmark Capital Management Inc70$3.56K0.00%+70New
Beaird Harris Wealth Management, LLC69$3.50K0.00%−11−13.8%Reduced
Barnes Dennig Private Wealth Management LLC68$3.46K0.00%00.0%Unchanged
Vermillion Wealth Management, Inc.68$3.46K0.00%+68New
Montag A & Associates Inc67$3.43K0.00%−61−47.7%Reduced
DecisionPoint Financial, LLC66$3.36K0.00%00.0%Unchanged
Three Bearings Fiduciary Advisors, Inc.54$3.21K0.00%+54New
NFJ Investment Group, LLC63$3.21K0.00%00.0%Unchanged
Fairman Group, LLC63$3.21K0.00%00.0%Unchanged
ZRC Wealth Management, LLC61$3.10K0.00%+25+69.4%Added
Elevated Capital Advisors, LLC61$3.10K0.00%+61New
CGC Financial Services, LLC60$3.05K0.00%−5−7.7%Reduced
DiNuzzo Private Wealth, Inc.60$3.05K0.00%00.0%Unchanged
Delta Asset Management LLC60$3.05K0.00%00.0%Unchanged
CKW Financial Group50$3.00K0.00%−10−16.7%Reduced
Smithfield Trust Co70$3.00K0.00%+70New
Motiv8 Investments LLC61$3.00K0.00%+61New
HighMark Wealth Management LLC59$2.99K0.00%00.0%Unchanged
Luken Investment Analytics, LLC58$2.95K0.00%+58New
Bellevue Asset Management, LLC58$2.95K0.00%+58New
MV Capital Management, Inc.54$2.75K0.00%+34+170.0%Added
GoalVest Advisory LLC51$2.60K0.00%−50−49.5%Reduced
City Holding Co51$2.59K0.00%00.0%Unchanged
MCF Advisors LLC50$2.54K0.00%−705−93.4%Reduced
Dixon Mitchell Investment Counsel Inc.50$2.54K0.00%+50New
Hamrick Investment Counsel, llc50$2.54K0.00%+50New
Wealth Watch Advisors, INC49$2.49K0.00%00.0%Unchanged
Federated Hermes, Inc.46$2.34K0.00%−34−42.5%Reduced
New Millennium Group LLC46$2.34K0.00%00.0%Unchanged
Horizon Financial Services, LLC45$2.29K0.00%+45New
Riverview Trust Co42$2.14K0.00%00.0%Unchanged
Alvarez & Marsal Private Wealth Partners, LLC42$2.14K0.00%+42New
Fairway Wealth LLC41$2.09K0.00%+41New
Bernard Wealth Management Corp.40$2.04K0.00%+40New
Coston, McIsaac & Partners40$2.00K0.00%+40New