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 |
|---|---|---|---|---|---|
| De Burlo Group Inc | 374,660 | $19.1M | 2.31% | −106,500−22.1% | Reduced |
| Academy Capital Management Inc | 365,783 | $18.6M | 2.47% | −1,636−0.4% | Reduced |
| Nomura Holdings Inc | 356,886 | $18.2M | 0.05% | −617,984−63.4% | Reduced |
| Brown Brothers Harriman & Co | 354,954 | $18.1M | 0.10% | −98,685−21.8% | Reduced |
| Banco Bilbao Vizcaya Argentaria, S.A. | 345,586 | $17.6M | 0.12% | −11,935−3.3% | Reduced |
| Pathstone Holdings, LLC | 345,053 | $17.6M | 0.07% | +43,507+14.4% | Added |
| Two Sigma Investments, LP | 343,191 | $17.5M | 0.03% | −1,348,335−79.7% | Reduced |
| Walleye Trading LLC | 342,507 | $17.4M | 0.28% | −209,153−37.9% | Reduced |
| Modera Wealth Management, LLC | 342,482 | $17.4M | 0.20% | −16,605−4.6% | Reduced |
| Armistice Capital, LLC | 336,000 | $17.1M | 0.42% | −400,000−54.3% | Reduced |
| Janney Montgomery Scott LLC | 332,003 | $16.9M | 0.04% | +172,075+107.6% | Added |
| Foresight Global Investors, Inc. | 330,251 | $16.8M | 7.91% | +164,957+99.8% | Added |
| Quinn Opportunity Partners LLC | 329,000 | $16.7M | 0.73% | +103,000+45.6% | Added |
| Mariner, LLC | 322,233 | $16.4M | 0.02% | −22,496−6.5% | Reduced |
| Scotia Capital Inc. | 320,162 | $16.3M | 0.07% | +153,275+91.8% | Added |
| Clifford Swan Investment Counsel LLC | 319,061 | $16.2M | 0.54% | +7,893+2.5% | Added |
| Quantinno Capital Management LP | 318,686 | $16.2M | 0.03% | +51,390+19.2% | Added |
| SEI Investments Co | 316,644 | $16.1M | 0.02% | +27,122+9.4% | Added |
| Penbrook Management LLC | 316,400 | $16.1M | 11.10% | +4,800+1.5% | Added |
| Dillon & Associates Inc | 301,198 | $15.4M | 1.98% | −10,702−3.4% | Reduced |
| Advisor Group Holdings, Inc. | 299,329 | $15.2M | 0.02% | −75,352−20.1% | Reduced |
| Cetera Investment Advisers | 286,371 | $14.6M | 0.02% | −44,247−13.4% | Reduced |
| Menora Mivtachim Holdings Ltd. | 276,168 | $14.1M | 0.07% | +6,000+2.2% | Added |
| ExodusPoint Capital Management, LP | 274,272 | $14.0M | 0.16% | +274,272 | New |
| Oak Family Advisors, LLC | 274,228 | $14.0M | 4.27% | +121,143+79.1% | Added |
| Reynders McVeigh Capital Management, LLC | 274,101 | $13.9M | 0.65% | −68,033−19.9% | Reduced |
| Dividend Assets Capital, LLC | 269,854 | $13.7M | 2.62% | −40,847−13.1% | Reduced |
| DV Equities, LLC | 269,526 | $13.7M | 2.48% | +269,526 | New |
| TB Alternative Assets Ltd. | 266,165 | $13.5M | 2.22% | +266,165 | New |
| W.G. Shaheen & Associates DBA Whitney & Co | 262,783 | $13.4M | 1.06% | +24,037+10.1% | Added |
| Old Mission Capital LLC | 262,659 | $13.4M | 0.52% | +262,659 | New |
| Lido Advisors, LLC | 230,703 | $12.8M | 0.05% | −5,124−2.2% | Reduced |
| Viking Fund Management LLC | 250,000 | $12.7M | 1.47% | +250,000 | New |
| Carnegie Capital Asset Management, LLC | 245,049 | $12.5M | 0.23% | −27,820−10.2% | Reduced |
| CIBC Private Wealth Group, LLC | 239,760 | $12.2M | 0.02% | −112,711−32.0% | Reduced |
| Assetmark, Inc | 237,396 | $12.1M | 0.02% | −4,528−1.9% | Reduced |
| Oppenheimer & Co Inc | 234,842 | $11.9M | 0.17% | +2,277+1.0% | Added |
| Tudor Investment Corp Et Al | 234,268 | $11.9M | 0.07% | +234,268 | New |
| Private Advisory Group LLC | 233,014 | $11.9M | 0.93% | +47,198+25.4% | Added |
| Commonwealth Equity Services, LLC | 231,460 | $11.8M | 0.02% | −6,518−2.7% | Reduced |
| RPG Investment Advisory, LLC | 229,265 | $11.7M | 1.32% | +76,691+50.3% | Added |
| US Bancorp | 224,413 | $11.4M | 0.01% | −44,950−16.7% | Reduced |
| Jain Global LLC | 218,929 | $11.1M | 0.11% | +110,692+102.3% | Added |
| Cim, LLC | 216,085 | $11.0M | 1.44% | −1,206−0.6% | Reduced |
| Heirloom Wealth Management | 211,886 | $10.8M | 2.49% | +73,171+52.7% | Added |
| JLB & Associates Inc | 211,322 | $10.8M | 1.45% | −8,302−3.8% | Reduced |
| Sanctuary Advisors, LLC | 210,367 | $10.7M | 0.06% | −3,481−1.6% | Reduced |
| Sierra Summit Advisors LLC | 208,905 | $10.6M | 1.63% | +208,905 | New |
| QV Investors Inc. | 208,268 | $10.6M | 0.87% | −14,890−6.7% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 184,170 | $10.4M | 0.01% | −2,696−1.4% | Reduced |
| Capital World Investors | 199,363 | $10.2M | 0.00% | −11,499−5.5% | Reduced |
| Opal Capital LLC | 200,465 | $10.2M | 2.55% | +200,465 | New |
| Hutchinson Capital Management | 199,941 | $10.2M | 1.74% | +546+0.3% | Added |
| Smithbridge Asset Management Inc | 199,188 | $10.1M | 0.87% | +104,709+110.8% | Added |
| Trexquant Investment LP | 197,051 | $10.0M | 0.09% | +197,051 | New |
| O'Shaughnessy Asset Management, LLC | 194,057 | $9.87M | 0.05% | −26,640−12.1% | Reduced |
| TrueMark Investments, LLC | 193,853 | $9.86M | 1.88% | +33,437+20.8% | Added |
| U.S. Capital Wealth Advisors, LLC | 193,752 | $9.86M | 0.26% | +101,057+109.0% | Added |
| Northstar Asset Management Inc | 190,158 | $9.68M | 2.50% | −32,190−14.5% | Reduced |
| MML Investors Services, LLC | 189,010 | $9.62M | 0.02% | −41,132−17.9% | Reduced |
| Massachusetts Financial Services Co | 188,444 | $9.59M | 0.00% | +140.0% | Added |
| Grantham, Mayo, Van Otterloo & Co. LLC | 184,971 | $9.41M | 0.02% | +108,359+141.4% | Added |
| Victory Capital Management Inc | 183,929 | $9.36M | 0.01% | +88,146+92.0% | Added |
| HighTower Advisors, LLC | 183,201 | $9.32M | 0.01% | −8,034−4.2% | Reduced |
| Federation des caisses Desjardins du Quebec | 180,550 | $9.19M | 0.04% | −362,901−66.8% | Reduced |
| Russell Investments Group, Ltd. | 178,015 | $9.06M | 0.01% | −3,067−1.7% | Reduced |
| Vontobel Holding Ltd. | 176,151 | $8.96M | 0.03% | +48,733+38.2% | Added |
| Altrafin AG | 175,183 | $8.91M | 2.83% | −72,922−29.4% | Reduced |
| Steward Partners Investment Advisory, LLC | 174,574 | $8.88M | 0.05% | +71,662+69.6% | Added |
| Evergreen Capital Management LLC | 174,526 | $8.88M | 0.20% | −17,902−9.3% | Reduced |
| Northwestern Mutual Wealth Management Co | 174,408 | $8.87M | 0.01% | −14,738−7.8% | Reduced |
| Knuff & Co LLC | 171,750 | $8.74M | 2.58% | −83,274−32.7% | Reduced |
| Exchange Traded Concepts, LLC | 171,668 | $8.73M | 0.07% | +64,199+59.7% | Added |
| Qube Research & Technologies Ltd | 171,416 | $8.72M | 0.01% | +171,416 | New |
| Trillium Asset Management, LLC | 167,334 | $8.62M | 0.26% | −21,822−11.5% | Reduced |
| Foundation Resource Management Inc | 168,814 | $8.59M | 1.15% | +1,048+0.6% | Added |
| ARS Investment Partners, LLC | 168,560 | $8.58M | 0.50% | +14,644+9.5% | Added |
| Kornitzer Capital Management Inc | 168,145 | $8.56M | 0.18% | +9,100+5.7% | Added |
| Manning & Napier Advisors LLC | 166,932 | $8.55M | 0.11% | −15,269−8.4% | Reduced |
| Cullen/Frost Bankers, Inc. | 167,422 | $8.52M | 0.09% | +52,039+45.1% | Added |
| Eldred Rock Partners, LLC | 165,290 | $8.41M | 2.18% | −18,861−10.2% | Reduced |
| Mercer Global Advisors Inc | 164,490 | $8.37M | 0.01% | +2,599+1.6% | Added |
| Beacon Investment Advisory Services, Inc. | 160,761 | $8.18M | 0.33% | −10,178−6.0% | Reduced |
| Glenmede Trust Co NA | 160,761 | $8.18M | 0.04% | +160,761 | New |
| Birch Capital Management, LLC | 158,548 | $8.07M | 4.02% | +162+0.1% | Added |
| PEAK6 LLC | 158,462 | $8.06M | 0.22% | +11,916+8.1% | Added |
| Cabot Wealth Management Inc | 157,258 | $8.00M | 0.88% | +17,200+12.3% | Added |
| Milford Funds Ltd | 156,298 | $7.95M | 0.16% | +156,298 | New |
| Atria Investments LLC | 152,729 | $7.77M | 0.09% | −15,610−9.3% | Reduced |
| Claret Asset Management Corp | 152,610 | $7.76M | 0.90% | +7,612+5.2% | Added |
| M. Kulyk & Associates, LLC | 152,240 | $7.75M | 1.48% | +22,231+17.1% | Added |
| Jones Financial Companies LLLP | 151,859 | $7.73M | 0.00% | +1,974+1.3% | Added |
| EFG International AG | 150,463 | $7.66M | 0.15% | +150,463 | New |
| Alpine Fox Capital LLC | 150,000 | $7.63M | 5.14% | +89,000+145.9% | Added |
| Cambridge Investment Research Advisors, Inc. | 146,861 | $7.47M | 0.02% | −2,767−1.8% | Reduced |
| Kestra Advisory Services, LLC | 146,850 | $7.47M | 0.03% | +38,598+35.7% | Added |
| LHM, Inc. | 141,487 | $7.20M | 2.68% | 00.0% | Unchanged |
| AQR Capital Management LLC | 141,410 | $7.19M | 0.00% | +17,615+14.2% | Added |
| Obermeyer Wood Investment Counsel, LLLP | 140,797 | $7.16M | 0.33% | −252,523−64.2% | Reduced |
| Neuberger Berman Group LLC | 140,743 | $7.16M | 0.01% | −25,966−15.6% | Reduced |