Vault-13

NOVO-NORDISK A S NVO

ADR · ADR · CUSIP 670100205 · ISIN US6701002056

1,148 institutional holders +99 vs Q4 2022
146,684,039146.7m shares reported held*
$22.7bnreported value*
158 new 328 added 428 reduced 53 sold out net bought ≈ $77.0m (+4.2m 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 ($134.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $155.07. Options: 21 managers hold calls ($296.8m notional), 18 hold puts ($227.6m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 907Q4 22: 1,049Q1 23: 1,1481,148Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022907
Q4 20221,049
Q1 20231,148

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 22: 445 bought or addedQ4 22: 401 cut or sold outQ4 22Q1 23: 486 bought or addedQ1 23: 481 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022445401
Q1 2023486481

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ3 22 calls: $183.1mQ3 22 puts: $124.6mQ3 22P/C 0.68Q4 22 calls: $255.3mQ4 22 puts: $142.3mQ4 22P/C 0.56Q1 23 calls: $296.8mQ1 23 puts: $227.6mQ1 23P/C 0.77
Numbers
QuarterCallsPutsP/C
Q3 2022$183.1m$124.6m0.68
Q4 2022$255.3m$142.3m0.56
Q1 2023$296.8m$227.6m0.77

Biggest buyers

FMR LLC Added +5,793,248+5.8m
PRICE T ROWE ASSOCIATES INC /MD/ Added +3,551,104+3.6m
ENVESTNET ASSET MANAGEMENT INC Added +3,537,248+3.5m
JENNISON ASSOCIATES LLC Added +886,679+886.7k
Nuveen Asset Management, LLC Added +466,807+466.8k
Capital World Investors Added +353,770+353.8k
Corient Private Wealth LP Added +247,445+247.4k
Senator Investment Group LP Added +225,000+225.0k
J.P. Morgan Private Wealth Advisors LLC Added +199,501+199.5k
JANE STREET GROUP, LLC Added +186,365+186.4k

Biggest sellers

Capital International Investors Reduced -2,540,876-2.5m
RENAISSANCE TECHNOLOGIES LLC Reduced -1,802,000-1.8m
MILLENNIUM MANAGEMENT LLC Reduced -1,519,989-1.5m
Fisher Asset Management, LLC Reduced -1,151,095-1.2m
LORD, ABBETT & CO. LLC Sold out -766,402-766.4k
MORGAN STANLEY Reduced -609,682-609.7k
D. E. Shaw & Co., Inc. Reduced -497,526-497.5k
BANK OF AMERICA CORP /DE/ Reduced -440,661-440.7k
Alyeska Investment Group, L.P. Sold out -388,090-388.1k
BlackRock Inc. Reduced -318,398-318.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $60.4m379.4k shares
JANE STREET GROUP, LLC Reduced $42.7m268.5k shares
Optiver Holding B.V. Added $40.5m254.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $34.2m215.2k shares
MILLENNIUM MANAGEMENT LLC New $23.9m150.0k shares
Twin Tree Management, LP Added $19.9m125.3k shares
SIMPLEX TRADING, LLC Reduced $14.9m93.7k shares
NOMURA HOLDINGS INC New $13.1m82.4k shares
Walleye Trading LLC Reduced $12.1m76.3k shares
Artia Global Partners LP New $8.0m50.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $58.1m365.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $53.2m334.6k shares
Optiver Holding B.V. Added $43.3m272.2k shares
SIMPLEX TRADING, LLC Added $19.4m121.7k shares
JANE STREET GROUP, LLC Reduced $14.2m89.5k shares
Walleye Trading LLC Added $13.4m83.9k shares
Twin Tree Management, LP Reduced $8.4m52.8k shares
Caption Management, LLC New $4.8m30.0k shares
Arbiter Partners Capital Management LLC New $3.2m20.0k shares
WOLVERINE TRADING, LLC Reduced $2.4m15.3k 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.

Insider purchases and sales in Q1 2023

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 Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JENNISON ASSOCIATES LLC 1.80% of their portfolio NEW YORK, NY 12,341,46112.3m $2.0bn $2.0bn 1.80% Added +886.7k +886,679
2 RENAISSANCE TECHNOLOGIES LLC 2.28% of their portfolio NEW YORK, NY 10,802,28810.8m $1.7bn $1.7bn 2.28% Reduced -1.8m -1,802,000
3 FMR LLC 0.07% of their portfolio BOSTON, MA 9,962,98810.0m $1.6bn $1.6bn 0.07% Added +5.8m +5,793,248
4 Fisher Asset Management, LLC 0.76% of their portfolio PLANO, TX 7,874,9067.9m $1.3bn $1.3bn 0.76% Reduced -1.2m -1,151,095
5 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 6,322,5956.3m $1.0bn $1.0bn 0.12% Reduced -440.7k -440,661
6 ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio Berwyn, PA 5,308,8665.3m $271.0m $271.0m 0.13% Added +3.5m +3,537,248
7 Fayez Sarofim & Co 2.94% of their portfolio Houston, TX 5,280,3575.3m $840.3m $840.3m 2.94% Added +164.0k +163,988
8 LOOMIS SAYLES & CO L P 1.35% of their portfolio BOSTON, MA 4,876,6604.9m $776.1m $776.1m 1.35% Reduced -103.1k -103,130
9 MORGAN STANLEY 0.08% of their portfolio NEW YORK, NY 4,602,7164.6m $732.5m $732.5m 0.08% Reduced -609.7k -609,682
10 BlackRock Inc. 0.02% of their portfolio New York, NY 4,305,7674.3m $685.2m $685.2m 0.02% Reduced -318.4k -318,398
11 FOLKETRYGDFONDET 16.05% of their portfolio OSLO, Q8 4,249,9904.2m $676.3m $676.3m 16.05% Reduced -34.9k -34,868
12 PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio BALTIMORE, MD 3,785,5603.8m $602.4m $602.4m 0.09% Added +3.6m +3,551,104
13 Capital International Investors 0.15% of their portfolio Los Angeles, CA 3,679,6993.7m $583.0m $583.0m 0.15% Reduced -2.5m -2,540,876
14 WCM INVESTMENT MANAGEMENT, LLC 1.78% of their portfolio LAGUNA BEACH, CA 3,502,3823.5m $557.4m $557.4m 1.78% Reduced -78.3k -78,344
15 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.57% of their portfolio BLOOMINGTON, IL 3,479,0903.5m $553.7m $553.7m 0.57% Unchanged
16 STATE STREET CORP 0.03% of their portfolio BOSTON, MA 3,442,9783.4m $552.0m $552.0m 0.03% Reduced -45.0k -44,965
17 EVERETT HARRIS & CO /CA/ 8.54% of their portfolio LOS ANGELES, CA 3,311,7663.3m $527.0m $527.0m 8.54% Reduced -7.5k -7,543
18 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 1,892,3461.9m $301.1m $301.1m 0.08% Reduced -12.4k -12,396
19 Capital World Investors 0.06% of their portfolio LOS ANGELES, CA 1,752,8571.8m $278.8m $278.8m 0.06% Added +353.8k +353,770
20 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 1,717,4191.7m $273.3m $273.3m 0.05% Reduced -160.3k -160,341
21 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 1,589,0311.6m $252.9m $252.9m 0.08% Reduced -12.0k -12,027
22 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 1,581,1721.6m $251.6m $251.6m 0.08% Reduced -152.7k -152,741
23 NATIXIS ADVISORS, LLC 0.82% of their portfolio Boston, MA 1,505,6041.5m $239.6m $239.6m 0.82% Added +47.3k +47,277
24 RAYMOND JAMES & ASSOCIATES 0.20% of their portfolio ST PETERSBURG, FL 1,452,9271.5m $231.2m $231.2m 0.20% Added +70.4k +70,370
25 Clearbridge Investments, LLC 0.21% of their portfolio NEW YORK, NY 1,401,7891.4m $223.1m $223.1m 0.21% Reduced -25.0k -25,027
26 Nuveen Asset Management, LLC 0.07% of their portfolio CHICAGO, IL 1,157,7021.2m $184.2m $184.2m 0.07% Added +466.8k +466,807
27 Markel Group Inc. 2.18% of their portfolio Glen Allen, VA 1,075,0001.1m $171.1m $171.1m 2.18% Unchanged
28 SATURNA CAPITAL CORP 3.29% of their portfolio BELLINGHAM, WA 1,068,2871.1m $170.0m $170.0m 3.29% Reduced -375 -375
29 STIFEL FINANCIAL CORP 0.23% of their portfolio ST. LOUIS, MO 1,002,8391.0m $159.6m $159.6m 0.23% Reduced -206.6k -206,573
30 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 917,255917.3k $146.0m $146.0m 0.02% Reduced -80.5k -80,485
31 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 844,264844.3k $134.4m $134.4m 0.05% Added +4.8k +4,792
32 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 750,565750.6k $119.6m $119.6m 0.05% Added +48.4k +48,356
33 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.53% of their portfolio IRVING, TX 594,744594.7k $94.6m $94.6m 0.53% Reduced -32.9k -32,905
34 MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 511,564511.6k $81.4m $81.4m 0.09% Reduced -1.5m -1,519,989
35 J.P. Morgan Private Wealth Advisors LLC 0.17% of their portfolio SAN FRANCISCO, CA 507,019507.0k $80.7m $80.7m 0.17% Added +199.5k +199,501
36 Artisan Partners Limited Partnership 0.13% of their portfolio Milwaukee, WI 499,586499.6k $79.5m $79.5m 0.13% Added +4.6k +4,599
37 Saratoga Research & Investment Management 3.55% of their portfolio SARATOGA, CA 469,374469.4k $74.7m $74.7m 3.55% Reduced -209.0k -208,963
38 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 447,778447.8k $71.5m $71.5m 0.02% Reduced -22.0k -21,978
39 Baird Financial Group, Inc. 0.17% of their portfolio MILWAUKEE, WI 445,531445.5k $70.9m $70.9m 0.17% Added +3.2k +3,227
40 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 425,857425.9k $67.8m $67.8m 0.01% Reduced -25.2k -25,221
41 Senator Investment Group LP 3.69% of their portfolio New York, NY 425,000425.0k $67.6m $67.6m 3.69% Added +225.0k +225,000
42 DAVENPORT & Co LLC 0.50% of their portfolio RICHMOND, VA 396,979397.0k $62.9m $62.9m 0.50% Reduced -4.8k -4,766
43 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.29% of their portfolio JUPITER, FL 372,940372.9k $59.3m $59.3m 0.29% Reduced -67.6k -67,572
44 AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio KANSAS CITY, MO 364,963365.0k $56.6m $56.6m 0.04% Added +40.1k +40,139
45 SEGALL BRYANT & HAMILL, LLC 0.56% of their portfolio CHICAGO, IL 326,340326.3k $51.9m $51.9m 0.56% Added +24.8k +24,784
46 Artia Global Partners LP 20.56% of their portfolio MIAMI, FL 321,055321.1k $51.1m $51.1m 20.56% Reduced -50.0k -50,000
47 THORNBURG INVESTMENT MANAGEMENT INC 0.83% of their portfolio SANTA FE, NM 316,707316.7k $50.4m $50.4m 0.83% Added +63.8k +63,776
48 Corient Private Wealth LP 0.14% of their portfolio MIAMI, FL 316,365316.4k $50.3m $50.3m 0.14% Added +247.4k +247,445
49 TRUIST FINANCIAL CORP 0.09% of their portfolio CHARLOTTE, NC 310,943310.9k $49.5m $49.5m 0.09% Reduced -46.9k -46,925
50 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 310,874310.9k $49.5m $49.5m 0.04% Reduced -3.2k -3,202
51 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 309,959310.0k $49.3m $49.3m 0.02% Reduced -12.2k -12,235
52 ARMISTICE CAPITAL, LLC 1.08% of their portfolio NEW YORK, NY 292,000292.0k $46.5m $46.5m 1.08% Reduced -20.0k -20,000
53 Thrivent Financial for Lutherans 0.11% of their portfolio Minneapolis, MN 288,170288.2k $45.9m $45.9m 0.11% Reduced -230.6k -230,645
54 Clark Capital Management Group, Inc. 0.49% of their portfolio PHILADELPHIA, PA 277,288277.3k $44.1m $44.1m 0.49% Added +7.0k +6,950
55 Reynders McVeigh Capital Management, LLC 3.00% of their portfolio BOSTON, MA 273,998274.0k $43.6m $43.6m 3.00% Reduced -16.8k -16,804
56 UBS Group AG 0.02% of their portfolio ZURICH, V8 269,723269.7k $42.9m $42.9m 0.02% Reduced -22.4k -22,371
57 NICHOLS & PRATT ADVISERS LLP /MA 3.15% of their portfolio BOSTON, MA 257,981258.0k $41.0m $41.0m 3.15% Reduced -3.8k -3,806
58 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio Boston, MA 257,809257.8k $41.0m $41.0m 0.09% Reduced -96.4k -96,377
59 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 257,434257.4k $41.0m $41.0m 0.05% Added +5.4k +5,352
60 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 256,408256.4k $40.8m $40.8m 0.03% Added +15.0k +15,026
61 Moran Wealth Management, LLC 1.48% of their portfolio NAPLES, FL 245,337245.3k $39.0m $39.0m 1.48% Reduced -2.1k -2,073
62 Main Street Research LLC 7.57% of their portfolio SAUSALITO, CA 239,111239.1k $38.3m $38.3m 7.57% Reduced -2.2k -2,194
63 Parsec Financial Management, Inc. 1.57% of their portfolio ASHEVILLE, NC 234,871234.9k $37.4m $37.4m 1.57% Reduced -8.8k -8,780
64 ASSETMARK, INC 0.15% of their portfolio CONCORD, CA 234,309234.3k $37.3m $37.3m 0.15% Added +15.7k +15,661
65 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 229,995230.0k $36.6m $36.6m 0.04% Reduced -175.8k -175,803
66 SEI INVESTMENTS CO 0.07% of their portfolio OAKS, PA 226,662226.7k $36.1m $36.1m 0.07% Added +5.2k +5,182
67 GQG Partners LLC 0.09% of their portfolio FT. LAUDERDALE, FL 224,161224.2k $35.7m $35.7m 0.09% Added +27.6k +27,579
68 Capital Group Private Client Services, Inc. 0.44% of their portfolio Los Angeles, CA 221,830221.8k $35.3m $35.3m 0.44% Added +4.3k +4,339
69 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 221,685221.7k $35.3m $35.3m 0.01% Added +35.7k +35,651
70 Calamos Advisors LLC 0.16% of their portfolio NAPERVILLE, IL 196,190196.2k $31.2m $31.2m 0.16% Reduced -33.9k -33,931
71 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 188,670188.7k $30.0m $30.0m 0.05% Added +186.4k +186,365
72 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 188,010188.0k $29.9m $29.9m 0.06% Added +16.7k +16,682
73 CIBC WORLD MARKET INC. 0.11% of their portfolio TORONTO, A6 186,104186.1k $29.6m $29.6m 0.11% Added +31.6k +31,647
74 BEACON INVESTMENT ADVISORY SERVICES, INC. 1.43% of their portfolio MORRISTOWN, NJ 185,218185.2k $29.5m $29.5m 1.43% Reduced -16.9k -16,866
75 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 183,904183.9k $29.3m $29.3m 0.05% Added +20.8k +20,765
76 TRILLIUM ASSET MANAGEMENT, LLC 0.86% of their portfolio BOSTON, MA 176,283176.3k $29.3m $29.3m 0.86% Reduced -1.7k -1,669
77 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 165,934165.9k $26.4m $26.4m 0.06% Reduced -5.8k -5,840
78 OPPENHEIMER ASSET MANAGEMENT INC. 0.40% of their portfolio NEW YORK, NY 162,017162.0k $25.8m $25.8m 0.40% Reduced -53.7k -53,705
79 Amundi 0.01% of their portfolio Paris, I0 161,204161.2k $25.5m $25.5m 0.01% Reduced -155.6k -155,595
80 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 161,196161.2k $25.7m $25.7m 0.02% Reduced -19.4k -19,439
81 Penbrook Management LLC 19.41% of their portfolio NEW YORK, NY 159,200159.2k $25.3m $25.3m 19.41% Reduced -900 -900
82 TD Asset Management Inc 0.03% of their portfolio Toronto, A6 158,070158.1k $25.2m $25.2m 0.03% New
83 BAR HARBOR WEALTH MANAGEMENT 1.99% of their portfolio CONCORD, NH 157,074157.1k $25.0m $25.0m 1.99% Reduced -3.0k -3,011
84 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 156,528156.5k $24.9m $24.9m 0.05% Added +36.4k +36,438
85 Vantage Investment Partners, LLC 3.34% of their portfolio KANSAS CITY, MO 154,447154.4k $24.4m $24.4m 3.34% Reduced -29.2k -29,250
86 South Street Advisors LLC 4.98% of their portfolio New York, NY 152,603152.6k $24.3m $24.3m 4.98% Added +94 +94
87 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 149,542149.5k $23.8m $23.8m 0.03% Added +92.4k +92,404
88 JLB & ASSOCIATES INC 3.52% of their portfolio PLYMOUTH, MI 147,149147.1k $23.4m $23.4m 3.52% Reduced -2.3k -2,286
89 VAN ECK ASSOCIATES CORP 0.05% of their portfolio NEW YORK, NY 143,864143.9k $22.9m $22.9m 0.05% Reduced -88.8k -88,798
90 DILLON & ASSOCIATES INC 4.41% of their portfolio JACKSON, MI 139,857139.9k $22.2m $22.2m 4.41% Reduced -4.9k -4,859
91 Cutter & CO Brokerage, Inc. 6.75% of their portfolio Ballwin, MO 136,040136.0k $21.6m $21.6m 6.75% Added +980 +980
92 TANG CAPITAL MANAGEMENT LLC 3.20% of their portfolio SAN DIEGO, CA 135,000135.0k $21.5m $21.5m 3.20% New
93 Mariner, LLC 0.06% of their portfolio Overland Park, KS 129,382129.4k $20.6m $20.6m 0.06% Reduced -6.0k -5,959
94 GUARDIAN CAPITAL LP 0.63% of their portfolio TORONTO, A6 124,914124.9k $19.9m $19.9m 0.63% Reduced -1.4k -1,389
95 Janney Montgomery Scott LLC 0.08% of their portfolio PHILADELPHIA, PA 124,808124.8k $19.9m $19.9m 0.08% Reduced -13.3k -13,281
96 DIVIDEND ASSETS CAPITAL, LLC 3.48% of their portfolio Ridgeland, SC 121,059121.1k $16.4m $16.4m 3.48% Unchanged
97 Hikari Power Ltd 1.87% of their portfolio TOKYO, M0 116,900116.9k $18.6m $18.6m 1.87% Unchanged
98 NORTHSTAR ASSET MANAGEMENT INC 5.71% of their portfolio Boston, MA 116,588116.6k $18.6m $18.6m 5.71% Reduced -6.9k -6,869
99 HUTCHINSON CAPITAL MANAGEMENT/CA 4.78% of their portfolio SAN RAFAEL, CA 115,727115.7k $18.4m $18.4m 4.78% Added +618 +618
100 Avalon Investment & Advisory 0.49% of their portfolio HOUSTON, TX 113,119113.1k $18.0m $18.0m 0.49% Added +6.5k +6,509