NOVARTIS AG NVS
SPONSORED ADR · ADR · CUSIP 66987V109 · ISIN US66987V1098
Swiss-American multinational pharmaceutical corporation
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersBasel, Switzerland
- Founded1996
- Websitenovartis.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($52.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $156.78. Options: 25 managers hold calls ($432.7m notional), 27 hold puts ($871.3m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,089 |
| Q4 2022 | 1,183 |
| Q1 2023 | 1,182 |
| Q2 2023 | 1,204 |
| Q3 2023 | 1,227 |
| Q4 2023 | 1,275 |
| Q1 2024 | 1,254 |
| Q2 2024 | 1,309 |
| Q3 2024 | 1,314 |
| Q4 2024 | 1,345 |
| Q1 2025 | 1,362 |
| Q2 2025 | 1,387 |
| Q3 2025 | 1,404 |
| Q4 2025 | 1,511 |
| Q1 2026 | 1,602 |
| Q2 2026 | 1,619 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 494 | 561 |
| Q4 2024 | 497 | 574 |
| Q1 2025 | 537 | 589 |
| Q2 2025 | 590 | 551 |
| Q3 2025 | 581 | 556 |
| Q4 2025 | 624 | 547 |
| Q1 2026 | 708 | 637 |
| Q2 2026 | 638 | 662 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $261.2m | $403.1m | 1.54 |
| Q4 2025 | $381.7m | $626.2m | 1.64 |
| Q1 2026 | $320.1m | $681.4m | 2.13 |
| Q2 2026 | $432.7m | $871.3m | 2.01 |
Biggest buyers
| Fisher Asset Management, LLC | Added | +1.6m |
| Holocene Advisors, LP | New | +1.0m |
| MILLENNIUM MANAGEMENT LLC | New | +758.0k |
| JPMORGAN CHASE & CO | Added | +459.8k |
| WCM INVESTMENT MANAGEMENT, LLC | Added | +441.2k |
| FMR LLC | Added | +364.4k |
| AGF MANAGEMENT LTD | New | +360.4k |
| CITADEL ADVISORS LLC | New | +320.8k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +258.6k |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +235.1k |
Biggest sellers
| Dodge & Cox | Reduced | -6.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -3.5m |
| STATE STREET CORP | Reduced | -1.3m |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -975.2k |
| UBS Group AG | Reduced | -608.7k |
| JANE STREET GROUP, LLC | Reduced | -356.3k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -323.8k |
| GQG Partners LLC | Reduced | -296.1k |
| Scharf Investments, LLC | Reduced | -278.4k |
| VAN ECK ASSOCIATES CORP | Reduced | -258.3k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $99.5m634.8k shares |
| CITADEL ADVISORS LLC | Reduced | $76.0m484.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $68.0m434.2k shares |
| Optiver Holding B.V. | Reduced | $47.8m305.1k shares |
| LMR Partners LLP | Added | $47.2m301.2k shares |
| Walleye Capital LLC | Added | $25.5m163.0k shares |
| PEAK6 LLC | New | $9.9m62.9k shares |
| IMC-Chicago, LLC | Reduced | $9.1m58.0k shares |
| Point72 Asset Management, L.P. | Added | $8.5m54.0k shares |
| DIADEMA PARTNERS LP | New | $7.8m50.0k shares |
Biggest puts
| LMR Partners LLP | Added | $334.2m2.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $120.5m768.8k shares |
| Optiver Holding B.V. | Added | $120.4m768.3k shares |
| Caption Management, LLC | New | $52.5m335.0k shares |
| CITADEL ADVISORS LLC | Added | $35.9m228.8k shares |
| JANE STREET GROUP, LLC | Added | $28.9m184.3k shares |
| Walleye Capital LLC | Added | $26.6m169.6k shares |
| Point72 Asset Management, L.P. | Added | $24.8m158.4k shares |
| CITIGROUP INC | Reduced | $24.0m153.0k shares |
| GROUP ONE TRADING LLC | Added | $20.0m127.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME 13G · institution new · filed 2025-07-17 | 6.4% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Fisher Asset Management, LLC 0.72% of their portfolio | 15.5m $2.4bn | Added +1.6m |
| MORGAN STANLEY 0.07% of their portfolio | 8.7m $1.4bn | Added +199.8k |
| DIMENSIONAL FUND ADVISORS LP 0.23% of their portfolio | 8.1m $1.3bn | Added +7.5k |
| PRIMECAP MANAGEMENT CO/CA/ 0.61% of their portfolio | 6.6m $1.0bn | Reduced -975.2k |
| LOOMIS SAYLES & CO L P 1.03% of their portfolio | 5.2m $821.1m | Reduced -186.8k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 4.9m $769.5m | Reduced -52.9k |
| FRANKLIN RESOURCES INC 0.11% of their portfolio | 3.3m $509.5m | Reduced -158.7k |
| BlackRock, Inc. 0.01% of their portfolio | 3.0m $477.7m | Added +98.2k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 3.0m $467.1m | Reduced -3.5m |
| NORTHERN TRUST CORP 0.05% of their portfolio | 2.8m $437.7m | Added +6.5k |
| NATIXIS ADVISORS, LLC 0.42% of their portfolio | 2.4m $374.0m | Added +150.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 2.3m $365.3m | Added +19.6k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.3m $356.9m | Added +459.8k |
| Jupiter Topco LLC 0.14% of their portfolio | 2.2m $348.1m | First filing |
| GQG Partners LLC 0.63% of their portfolio | 2.2m $337.1m | Reduced -296.1k |
| FMR LLC 0.01% of their portfolio | 2.1m $322.4m | Added +364.4k |
| Cullen Capital Management, LLC 3.13% of their portfolio | 2.0m $318.6m | Reduced -4.9k |
| JONES FINANCIAL COMPANIES LLLP 0.12% of their portfolio | 2.0m $306.8m | Added +152.2k |
| WCM INVESTMENT MANAGEMENT, LLC 0.54% of their portfolio | 1.9m $300.1m | Added +441.2k |
| WELLS FARGO & COMPANY/MN 0.05% of their portfolio | 1.8m $286.6m | Reduced -66.9k |
| RAYMOND JAMES FINANCIAL INC 0.08% of their portfolio | 1.8m $282.3m | Reduced -130.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.12% of their portfolio | 1.6m $245.4m | Added +33.0k |
| UBS Group AG 0.03% of their portfolio | 1.2m $185.6m | Reduced -608.7k |
| Holocene Advisors, LP 0.37% of their portfolio | 1.0m $162.6m | New |
| Chevy Chase Trust Holdings, LLC 0.42% of their portfolio | 1.0m $162.0m | Reduced -16.1k |
| LORD, ABBETT & CO. LLC 0.45% of their portfolio | 1.0m $157.1m | Added +172.0k |
| TRUIST FINANCIAL CORP 0.18% of their portfolio | 968.7k $151.8m | Added +26.9k |
| EARNEST PARTNERS LLC 0.50% of their portfolio | 886.6k $139.0m | Added +1.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.17% of their portfolio | 788.0k $123.5m | Reduced -323.8k |
| Dodge & Cox 0.06% of their portfolio | 759.4k $119.0m | Reduced -6.2m |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 758.0k $118.8m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.22% of their portfolio | 740.5k $116.1m | Added +235.1k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 707.1k $110.8m | Added +3.9k |
| LPL Financial LLC 0.02% of their portfolio | 666.3k $104.4m | Added +45.8k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 638.7k $100.1m | Added +20.0k |
| VAN ECK ASSOCIATES CORP 0.06% of their portfolio | 633.5k $99.3m | Reduced -258.3k |
| SEI INVESTMENTS CO 0.08% of their portfolio | 591.6k $92.7m | Reduced -27.7k |
| NewEdge Wealth, LLC 0.92% of their portfolio | 579.5k $90.8m | Added +33.0k |
| Harding Loevner LP 0.85% of their portfolio | 578.2k $90.5m | Reduced -6.0k |
| BRISTOL JOHN W & CO INC /NY/ 1.29% of their portfolio | 557.8k $87.4m | Reduced -4.1k |
| Creative Planning 0.05% of their portfolio | 546.7k $85.7m | Added +17.8k |
| CIBC Bancorp USA Inc. 0.10% of their portfolio | 524.1k $82.1m | Reduced -13.7k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 508.4k $79.7m | Reduced -24.2k |
| Harvest Portfolios Group Inc. 1.01% of their portfolio | 457.0k $71.6m | Added +2.4k |
| ASSETMARK, INC 0.12% of their portfolio | 443.0k $69.4m | Added +39.2k |
| Corient Private Wealth LP 0.09% of their portfolio | 437.2k $68.5m | Reduced -3.3k |
| TCTC Holdings, LLC 1.62% of their portfolio | 393.9k $61.7m | Added +68 |
| Quantinno Capital Management LP 0.07% of their portfolio | 386.3k $60.5m | Added +45.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 384.4k $60.2m | Added +39.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 379.6k $59.5m | Added +258.6k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.33% of their portfolio | 363.0k $56.9m | Not comparable |
| AGF MANAGEMENT LTD 0.22% of their portfolio | 360.4k $56.5m | New |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 353.2k $55.4m | Reduced -13.3k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.25% of their portfolio | 335.5k $52.6m | Added +15.5k |
| Cerity Partners LLC 0.06% of their portfolio | 334.6k $52.4m | Added +4.7k |
| STIFEL FINANCIAL CORP 0.04% of their portfolio | 330.3k $51.8m | Added +12.6k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 330.1k $51.7m | Added +8.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 328.9k $51.6m | Added +1.1k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 320.8k $50.3m | New |
| TODD ASSET MANAGEMENT LLC 0.88% of their portfolio | 317.4k $49.7m | Reduced -114.6k |
| SATURNA CAPITAL CORP 0.60% of their portfolio | 311.4k $48.8m | Added +384 |
| Scharf Investments, LLC 1.61% of their portfolio | 310.8k $48.7m | Reduced -278.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 293.4k $46.0m | Added +46.8k |
| COOKSON PEIRCE & CO INC 1.47% of their portfolio | 283.8k $44.5m | Added +223 |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 281.2k $44.1m | Added +47.3k |
| HighTower Advisors, LLC 0.04% of their portfolio | 267.8k $42.0m | Added +3.2k |
| CITIGROUP INC 0.02% of their portfolio | 265.6k $41.6m | Reduced -83.2k |
| US BANCORP \DE\ 0.04% of their portfolio | 262.2k $41.1m | Reduced -6.7k |
| MML INVESTORS SERVICES, LLC 0.08% of their portfolio | 255.8k $40.1m | Added +26.2k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.09% of their portfolio | 246.0k $38.5m | Reduced -29.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 245.6k $38.5m | Reduced -12.4k |
| Janney Montgomery Scott LLC 0.07% of their portfolio | 241.9k $37.9m | Reduced -69.9k |
| Quadrature Capital Ltd 0.32% of their portfolio | 240.6k $37.7m | Added +126.3k |
| Midwest Trust Co 0.42% of their portfolio | 239.2k $37.5m | Reduced -3.0k |
| Focus Partners Wealth 0.04% of their portfolio | 235.7k $36.9m | Reduced -44.8k |
| First Financial Bankshares Inc 0.69% of their portfolio | 234.3k $36.7m | Added +3.5k |
| Promethos Capital, LLC 9.94% of their portfolio | 233.3k $36.6m | Added +30.2k |
| Mariner, LLC 0.04% of their portfolio | 231.4k $36.3m | Reduced -10.2k |
| TriCert Investment Counsel Inc. 3.30% of their portfolio | 226.3k $35.5m | First filing |
| PNC Financial Services Group, Inc. 0.02% of their portfolio | 222.9k $34.9m | Added +2.7k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.35% of their portfolio | 217.2k $34.0m | Added +109 |
| Cetera Investment Advisers 0.03% of their portfolio | 206.7k $32.4m | Added +3.7k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.21% of their portfolio | 201.2k $31.5m | Reduced -66.7k |
| Integral Health Asset Management, LLC 1.29% of their portfolio | 200.0k $31.3m | Reduced -50.0k |
| BRANDES INVESTMENT PARTNERS, LP 0.22% of their portfolio | 197.6k $31.0m | Added +8.0k |
| Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio | 196.0k $30.7m | Added +56.4k |
| BROWN ADVISORY INC 0.05% of their portfolio | 186.1k $29.2m | Reduced -3.1k |
| Kestra Advisory Services, LLC 0.09% of their portfolio | 185.9k $29.1m | Added +132.8k |
| M&T Bank Corp 0.08% of their portfolio | 183.4k $28.7m | Added +11.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 183.2k $28.7m | Added +5.8k |
| GODSEY & GIBB, INC 2.35% of their portfolio | 183.0k $28.7m | Reduced -2.6k |
| Parkwood LLC 2.05% of their portfolio | 182.5k $28.6m | Added +19.1k |
| FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.35% of their portfolio | 182.3k $28.6m | Reduced -96 |
| CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio | 173.4k $27.2m | Added +12.4k |
| OSAIC HOLDINGS, INC. 0.03% of their portfolio | 172.5k $27.1m | Added +3.5k |
| MANAGED ASSET PORTFOLIOS, LLC 2.96% of their portfolio | 165.5k $25.9m | Added +1.2k |
| QRG CAPITAL MANAGEMENT, INC. 0.21% of their portfolio | 164.5k $25.8m | Added +13.6k |
| D.A. DAVIDSON & CO. 0.14% of their portfolio | 163.0k $25.5m | Reduced -49.8k |
| MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio | 161.8k $25.4m | Added +1.1k |
| Martin Investment Management, LLC 8.22% of their portfolio | 157.2k $24.6m | Reduced -5.0k |