Vault-13

NOVARTIS AG NVS

SPONSORED ADR · ADR · CUSIP 66987V109 · ISIN US66987V1098

Swiss-American multinational pharmaceutical corporation

1,309 institutional holders +55 vs Q1 2024
137,728,707137.7m shares reported held*
$14.7bnreported value*
111 new 428 added 489 reduced 65 sold out net sold ≈ $1.7bn (-16.1m shares)

* 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 ($28.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $106.58. Options: 21 managers hold calls ($224.1m notional), 22 hold puts ($245.7m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,089Q4 22: 1,183Q1 23: 1,182Q2 23: 1,204Q3 23: 1,227Q4 23: 1,275Q1 24: 1,254Q2 24: 1,3091,309Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 20221,089
Q4 20221,183
Q1 20231,182
Q2 20231,204
Q3 20231,227
Q4 20231,275
Q1 20241,254
Q2 20241,309

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1k01kQ4 22: 412 bought or addedQ4 22: 553 cut or sold outQ4 22Q1 23: 432 bought or addedQ1 23: 570 cut or sold outQ2 23: 430 bought or addedQ2 23: 541 cut or sold outQ2 23Q3 23: 450 bought or addedQ3 23: 509 cut or sold outQ4 23: 482 bought or addedQ4 23: 515 cut or sold outQ4 23Q1 24: 495 bought or addedQ1 24: 566 cut or sold outQ2 24: 539 bought or addedQ2 24: 554 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022412553
Q1 2023432570
Q2 2023430541
Q3 2023450509
Q4 2023482515
Q1 2024495566
Q2 2024539554

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300mQ3 23 calls: $253.3mQ3 23 puts: $269.6mQ3 23P/C 1.06Q4 23 calls: $228.8mQ4 23 puts: $214.8mQ4 23P/C 0.94Q1 24 calls: $143.3mQ1 24 puts: $148.5mQ1 24P/C 1.04Q2 24 calls: $224.1mQ2 24 puts: $245.7mQ2 24P/C 1.10
Numbers
QuarterCallsPutsP/C
Q3 2023$253.3m$269.6m1.06
Q4 2023$228.8m$214.8m0.94
Q1 2024$143.3m$148.5m1.04
Q2 2024$224.1m$245.7m1.10

Biggest buyers

DIMENSIONAL FUND ADVISORS LP Added +1,389,610+1.4m
Bank of New York Mellon Corp Added +1,250,318+1.3m
CANADA PENSION PLAN INVESTMENT BOARD New +606,890+606.9k
BANK OF MONTREAL /CAN/ Added +509,567+509.6k
Clark Capital Management Group, Inc. New +491,609+491.6k
Chevy Chase Trust Holdings, LLC Added +267,490+267.5k
OLD MISSION CAPITAL LLC Added +234,511+234.5k
HSBC HOLDINGS PLC New +214,962+215.0k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +185,510+185.5k
Kestra Advisory Services, LLC Added +153,096+153.1k

Biggest sellers

MORGAN STANLEY Reduced -14,358,464-14.4m
Mondrian Investment Partners LTD Reduced -793,257-793.3k
CITIGROUP INC Reduced -664,628-664.6k
Magnetar Financial LLC Reduced -600,600-600.6k
Qube Research & Technologies Ltd Reduced -554,229-554.2k
Aristotle Capital Management, LLC Reduced -444,417-444.4k
RENAISSANCE TECHNOLOGIES LLC Reduced -440,800-440.8k
FRANKLIN RESOURCES INC Reduced -360,299-360.3k
ADAGE CAPITAL PARTNERS GP, L.L.C. Sold out -323,549-323.5k
CITADEL ADVISORS LLC Reduced -315,524-315.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $50.9m478.5k shares
CITADEL ADVISORS LLC Reduced $34.2m321.0k shares
Optiver Holding B.V. Added $30.1m282.9k shares
MILLENNIUM MANAGEMENT LLC Reduced $22.4m210.7k shares
SIMPLEX TRADING, LLC Added $13.2m128.5k shares
JANE STREET GROUP, LLC New $11.2m105.6k shares
Lighthouse Investment Partners, LLC New $10.6m100.0k shares
TORNO CAPITAL, LLC New $10.6m100.0k shares
Walleye Capital LLC Added $10.1m94.8k shares
BARCLAYS PLC New $8.5m79.7k shares

Biggest puts

Optiver Holding B.V. Reduced $50.1m470.9k shares
Hudson Bay Capital Management LP New $42.6m400.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $36.9m346.9k shares
SIMPLEX TRADING, LLC Added $29.1m285.0k shares
Twin Tree Management, LP New $22.1m207.9k shares
Walleye Trading LLC Added $15.4m144.4k shares
Walleye Capital LLC Added $15.0m141.3k shares
CITADEL ADVISORS LLC Reduced $8.8m82.5k shares
UBS Group AG New $6.5m60.6k shares
MILLENNIUM MANAGEMENT LLC Added $5.8m54.8k 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.

HolderStakeChangeShares Last filed
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME 13G · institution new · filed 2025-07-17 6.4% new 139.6m 2025-07-17

Insider purchases and sales in Q2 2024

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 in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Dodge & Cox 0.78% of their portfolio San Francisco, CA 12,236,52612.2m $1.3bn $1.3bn 0.78% Reduced -117.5k -117,459
2 PRIMECAP MANAGEMENT CO/CA/ 0.94% of their portfolio PASADENA, CA 12,179,34512.2m $1.3bn $1.3bn 0.94% Reduced -238.4k -238,410
3 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 7,416,6797.4m $789.6m $789.6m 0.06% Reduced -14.4m -14,358,464
4 DIMENSIONAL FUND ADVISORS LP 0.21% of their portfolio AUSTIN, TX 7,407,6927.4m $788.6m $788.6m 0.21% Added +1.4m +1,389,610
5 LOOMIS SAYLES & CO L P 0.87% of their portfolio BOSTON, MA 5,945,3835.9m $632.9m $632.9m 0.87% Added +27.4k +27,411
6 FRANKLIN RESOURCES INC 0.17% of their portfolio San Mateo, CA 5,339,4905.3m $568.4m $568.4m 0.17% Reduced -360.3k -360,299
7 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 4,845,0534.8m $515.8m $515.8m 0.05% Reduced -43.1k -43,140
8 WELLINGTON MANAGEMENT GROUP LLP 0.08% of their portfolio Boston, MA 4,384,6504.4m $466.8m $466.8m 0.08% Reduced -204.7k -204,700
9 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 3,081,0763.1m $328.0m $328.0m 0.06% Added +21.7k +21,715
10 Cullen Capital Management, LLC 3.52% of their portfolio New York, NY 2,870,3812.9m $305.6m $305.6m 3.52% Reduced -54.0k -54,043
11 JANUS HENDERSON GROUP PLC 0.15% of their portfolio LONDON, X0 2,548,9132.5m $271.4m $271.4m 0.15% Reduced -19.8k -19,815
12 RENAISSANCE TECHNOLOGIES LLC 0.45% of their portfolio NEW YORK, NY 2,499,7822.5m $266.1m $266.1m 0.45% Reduced -440.8k -440,800
13 PRINCIPAL FINANCIAL GROUP INC 0.16% of their portfolio DES MOINES, IA 2,481,5652.5m $264.2m $264.2m 0.16% Reduced -41.8k -41,769
14 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 2,088,5742.1m $222.3m $222.3m 0.06% Added +78.4k +78,448
15 NORTHERN TRUST CORP 0.04% of their portfolio CHICAGO, IL 2,059,2432.1m $219.2m $219.2m 0.04% Reduced -91.7k -91,653
16 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 1,928,8531.9m $205.3m $205.3m 0.07% Reduced -24.2k -24,199
17 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 1,904,6641.9m $202.8m $202.8m 0.04% Added +1.3m +1,250,318
18 BlackRock Inc. 0.00% of their portfolio New York, NY 1,867,1531.9m $198.8m $198.8m 0.00% Added +8.4k +8,353
19 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 1,753,9741.8m $186.7m $186.7m 0.01% Added +16.0k +16,020
20 Fisher Asset Management, LLC 0.07% of their portfolio PLANO, TX 1,474,1581.5m $156.9m $156.9m 0.07% Added +26.3k +26,283
21 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,383,0461.4m $147.2m $147.2m 0.05% Reduced -163.7k -163,692
22 Scharf Investments, LLC 4.10% of their portfolio LOS GATOS, CA 1,351,4521.4m $143.9m $143.9m 4.10% Reduced -13.4k -13,402
23 Magnetar Financial LLC 2.90% of their portfolio EVANSTON, IL 1,305,4461.3m $139.0m $139.0m 2.90% Reduced -600.6k -600,600
24 FMR LLC 0.01% of their portfolio BOSTON, MA 1,283,0981.3m $136.6m $136.6m 0.01% Added +71.2k +71,153
25 Mondrian Investment Partners LTD 2.18% of their portfolio LONDON, X0 1,272,4821.3m $141.9m $141.9m 2.18% Reduced -793.3k -793,257
26 Chevy Chase Trust Holdings, LLC 0.38% of their portfolio BETHESDA, MD 1,112,4911.1m $118.4m $118.4m 0.38% Added +267.5k +267,490
27 NATIXIS ADVISORS, LLC 0.21% of their portfolio Boston, MA 912,527912.5k $97.1m $97.1m 0.21% Reduced -14.1k -14,128
28 Capital Research Global Investors 0.02% of their portfolio Los Angeles, CA 904,128904.1k $96.3m $96.3m 0.02% Reduced -6 -6
29 EARNEST PARTNERS LLC 0.40% of their portfolio ATLANTA, GA 809,287809.3k $86.2m $86.2m 0.40% Reduced -26.3k -26,264
30 Grantham, Mayo, Van Otterloo & Co. LLC 0.28% of their portfolio Boston, MA 779,681779.7k $83.0m $83.0m 0.28% Reduced -166.2k -166,195
31 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 750,405750.4k $79.9m $79.9m 0.12% Reduced -5.7k -5,657
32 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 657,903657.9k $70.7m $70.7m 0.02% Added +509.6k +509,567
33 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 638,645638.6k $68.0m $68.0m 0.02% Added +40.7k +40,697
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 635,628635.6k $67.7m $67.7m 0.00% Reduced -174.0k -174,034
35 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio BOSTON, MA 630,711630.7k $67.1m $67.1m 0.06% Added +185.5k +185,510
36 BRISTOL JOHN W & CO INC /NY/ 1.08% of their portfolio NEW YORK, NY 624,923624.9k $66.5m $66.5m 1.08% Reduced -13.6k -13,635
37 CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio TORONTO ONTARIO, A6 606,890606.9k $64.6m $64.6m 0.06% New
38 Corient Private Wealth LP 0.11% of their portfolio MIAMI, FL 580,733580.7k $61.8m $61.8m 0.11% Reduced -5.1k -5,055
39 SEI INVESTMENTS CO 0.09% of their portfolio OAKS, PA 569,952570.0k $60.7m $60.7m 0.09% Reduced -2.9k -2,937
40 RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio ST PETERSBURG, FL 536,607536.6k $57.1m $57.1m 0.04% Added +6.8k +6,767
41 Harvest Portfolios Group Inc. 2.11% of their portfolio Oakville, A6 517,939517.9k $55.1m $55.1m 2.11% Added +33.0k +32,968
42 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 492,244492.2k $52.4m $52.4m 0.03% Added +827 +827
43 D.A. DAVIDSON & CO. 0.46% of their portfolio GREAT FALLS, MT 492,082492.1k $52.4m $52.4m 0.46% Reduced -1.2k -1,220
44 Clark Capital Management Group, Inc. 0.38% of their portfolio PHILADELPHIA, PA 491,609491.6k $52.3m $52.3m 0.38% New
45 CIBC Private Wealth Group LLC 0.10% of their portfolio ATLANTA, GA 488,873488.9k $52.8m $52.8m 0.10% Reduced -6.8k -6,807
46 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 467,516467.5k $49.8m $49.8m 0.05% Reduced -161.7k -161,731
47 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 447,674447.7k $47.7m $47.7m 0.01% Added +18.1k +18,132
48 GROUPAMA ASSET MANAGMENT 0.61% of their portfolio PARIS, I0 421,236421.2k $45.0m $45.0m 0.61% Added +25.6k +25,641
49 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 402,094402.1k $42.8m $42.8m 0.02% Added +41.0k +41,046
50 TODD ASSET MANAGEMENT LLC 0.88% of their portfolio Louisville, KY 396,711396.7k $42.2m $42.2m 0.88% Added +100.5k +100,465
51 TCTC Holdings, LLC 1.45% of their portfolio DALLAS, TX 395,520395.5k $42.1m $42.1m 1.45% Reduced -2.8k -2,781
52 Pacer Advisors, Inc. 0.09% of their portfolio Malvern, PA 375,068375.1k $39.9m $39.9m 0.09% Reduced -18.3k -18,268
53 Morningstar Investment Services LLC 0.43% of their portfolio CHICAGO, IL 374,998375.0k $40.0m $40.0m 0.43% Added +4.0k +4,004
54 NewEdge Wealth, LLC 0.84% of their portfolio STAMFORD, CT 364,060364.1k $38.8m $38.8m 0.84% Added +9.1k +9,050
55 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 354,449354.4k $37.7m $37.7m 0.05% Added +16.5k +16,492
56 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 331,465331.5k $35.3m $35.3m 0.04% Added +14.9k +14,858
57 SATURNA CAPITAL CORP 0.46% of their portfolio BELLINGHAM, WA 326,413326.4k $34.7m $34.7m 0.46% Reduced -1.5k -1,471
58 WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC 1.85% of their portfolio INDIANAPOLIS, IN 319,379319.4k $34.0m $34.0m 1.85% Added +4.8k +4,820
59 Integral Health Asset Management, LLC 3.18% of their portfolio New York, NY 300,000300.0k $31.9m $31.9m 3.18% Added +75.0k +75,000
60 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 295,848295.8k $31.5m $31.5m 0.05% Reduced -405 -405
61 OPPENHEIMER ASSET MANAGEMENT INC. 0.39% of their portfolio NEW YORK, NY 290,113290.1k $30.9m $30.9m 0.39% Added +31.2k +31,180
62 VAN ECK ASSOCIATES CORP 0.04% of their portfolio NEW YORK, NY 286,590286.6k $30.5m $30.5m 0.04% Added +16.1k +16,150
63 Cerity Partners LLC 0.08% of their portfolio NEW YORK, NY 269,256269.3k $28.7m $28.7m 0.08% Reduced -17.9k -17,920
64 FINANCIAL COUNSELORS INC 0.45% of their portfolio Overland Park, KS 260,188260.2k $27.7m $27.7m 0.45% Added +3.6k +3,650
65 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 251,536251.5k $26.8m $26.8m 0.03% Reduced -664.6k -664,628
66 GW HENSSLER & ASSOCIATES LTD 1.60% of their portfolio KENNESAW, GA 249,225249.2k $26.5m $26.5m 1.60% Added +599 +599
67 Janney Montgomery Scott LLC 0.08% of their portfolio PHILADELPHIA, PA 248,911248.9k $26.5m $26.5m 0.08% Reduced -3.9k -3,850
68 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 246,561246.6k $26.2m $26.2m 0.03% Reduced -315.5k -315,524
69 OLD MISSION CAPITAL LLC 0.68% of their portfolio CHICAGO, IL 244,976245.0k $26.1m $26.1m 0.68% Added +234.5k +234,511
70 MANAGED ASSET PORTFOLIOS, LLC 3.86% of their portfolio ROCHESTER, MI 244,810244.8k $26.1m $26.1m 3.86% Reduced -14.2k -14,212
71 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 242,881242.9k $25.9m $25.9m 0.01% Added +158 +158
72 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.22% of their portfolio FRANKFORT, KY 229,800229.8k $24.5m $24.5m 0.22% Added +57.0k +57,000
73 Martin Investment Management, LLC 6.25% of their portfolio PALM BEACH GARDENS, FL 228,936228.9k $24.4m $24.4m 6.25% Reduced -7.9k -7,864
74 BRANDES INVESTMENT PARTNERS, LP 0.29% of their portfolio LA JOLLA, CA 224,224224.2k $23.9m $23.9m 0.29% Added +10.3k +10,297
75 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 223,037223.0k $23.7m $23.7m 0.02% Reduced -12.7k -12,740
76 BROWN ADVISORY INC 0.03% of their portfolio BALTIMORE, MD 222,810222.8k $23.7m $23.7m 0.03% Reduced -10.6k -10,611
77 Optiver Holding B.V. 0.45% of their portfolio AMSTERDAM, P7 219,044219.0k $23.3m $23.3m 0.45% Added +8.8k +8,766
78 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 216,679216.7k $23.1m $23.1m 0.04% Reduced -7.1k -7,076
79 CAMBIAR INVESTORS LLC 0.90% of their portfolio Denver, CO 216,656216.7k $23.1m $23.1m 0.90% Added +74.9k +74,938
80 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 216,477216.5k $23.0m $23.0m 0.03% Reduced -47.6k -47,599
81 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 214,962215.0k $23.0m $23.0m 0.01% New
82 ASSETMARK, INC 0.07% of their portfolio CONCORD, CA 213,706213.7k $22.8m $22.8m 0.07% Reduced -5.0k -4,991
83 First Financial Bankshares Inc 0.52% of their portfolio Abilene, TX 213,034213.0k $22.7m $22.7m 0.52% Reduced -100.1k -100,125
84 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 210,743210.7k $22.4m $22.4m 0.03% Reduced -48.6k -48,627
85 CAUSEWAY CAPITAL MANAGEMENT LLC 0.59% of their portfolio LOS ANGELES, CA 202,335202.3k $21.5m $21.5m 0.59% Reduced -37.1k -37,133
86 Mariner, LLC 0.04% of their portfolio Overland Park, KS 197,781197.8k $21.1m $21.1m 0.04% Added +5.4k +5,359
87 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.21% of their portfolio Stamford, CT 191,503191.5k $20.4m $20.4m 0.21% Added +10.7k +10,739
88 GODSEY & GIBB, INC 2.10% of their portfolio RICHMOND, VA 190,918190.9k $20.3m $20.3m 2.10% Reduced -6.3k -6,347
89 WILKINS INVESTMENT COUNSEL INC 3.00% of their portfolio BOSTON, MA 188,969189.0k $20.1m $20.1m 3.00% Added +1.2k +1,232
90 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 188,806188.8k $20.1m $20.1m 0.11% Added +153.1k +153,096
91 NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio MONTREAL, A8 178,000178.0k $18.9m $18.9m 0.03% Added +31.8k +31,812
92 QRG CAPITAL MANAGEMENT, INC. 0.22% of their portfolio BERWYN, PA 177,623177.6k $18.9m $18.9m 0.22% Added +9.1k +9,091
93 Douglas Lane & Associates, LLC 0.27% of their portfolio NEW YORK, NY 177,302177.3k $18.9m $18.9m 0.27% Reduced -2.7k -2,662
94 JOHN G ULLMAN & ASSOCIATES INC 2.88% of their portfolio CORNING, NY 177,248177.2k $18.9m $18.9m 2.88% Reduced -1.9k -1,939
95 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 175,483175.5k $18.7m $18.7m 0.03% Reduced -554.2k -554,229
96 Foresight Global Investors, Inc. 8.77% of their portfolio PURCHASE, NY 171,296171.3k $18.2m $18.2m 8.77% Reduced -26.1k -26,079
97 M&T Bank Corp 0.06% of their portfolio BUFFALO, NY 167,591167.6k $17.8m $17.8m 0.06% Reduced -3.7k -3,713
98 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 167,424167.4k $17.8m $17.8m 0.01% Reduced -7.8k -7,834
99 Boston Common Asset Management, LLC 0.44% of their portfolio BOSTON, MA 160,804160.8k $17.1m $17.1m 0.44% Reduced -100 -100
100 GRANDFIELD & DODD, LLC 1.08% of their portfolio NEW YORK, NY 160,542160.5k $17.1m $17.1m 1.08% Added +778 +778