Vault-13

NOVO-NORDISK A S NVO

ADR · ADR · CUSIP 670100205 · ISIN US6701002056

1,198 institutional holders +50 vs Q1 2023
143,234,231143.2m shares reported held*
$23.2bnreported value*
124 new 445 added 390 reduced 85 sold out net bought ≈ $15.2m (-3.6m 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 ($52.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $161.72. Options: 26 managers hold calls ($486.2m notional), 26 hold puts ($447.9m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 907Q4 22: 1,049Q1 23: 1,148Q2 23: 1,1981,198Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022907
Q4 20221,049
Q1 20231,148
Q2 20231,198

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 445 bought or addedQ4 22: 401 cut or sold outQ4 22Q1 23: 486 bought or addedQ1 23: 481 cut or sold outQ1 23Q2 23: 569 bought or addedQ2 23: 475 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022445401
Q1 2023486481
Q2 2023569475

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ3 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 0.77Q2 23 calls: $486.2mQ2 23 puts: $447.9mQ2 23P/C 0.92
Numbers
QuarterCallsPutsP/C
Q3 2022$183.1m$124.6m0.68
Q4 2022$255.3m$142.3m0.56
Q1 2023$296.8m$227.6m0.77
Q2 2023$486.2m$447.9m0.92

Biggest buyers

1832 Asset Management L.P. New +1,165,434+1.2m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Added +756,836+756.8k
TIGER GLOBAL MANAGEMENT LLC New +634,500+634.5k
LAZARD ASSET MANAGEMENT LLC Added +524,139+524.1k
Nuveen Asset Management, LLC Added +425,039+425.0k
DEUTSCHE BANK AG\ Added +345,899+345.9k
JANUS HENDERSON GROUP PLC Added +329,415+329.4k
ADAGE CAPITAL PARTNERS GP, L.L.C. Added +318,809+318.8k
HSBC HOLDINGS PLC Added +311,080+311.1k
TWO SIGMA INVESTMENTS, LP Added +301,341+301.3k

Biggest sellers

FMR LLC Reduced -4,540,101-4.5m
ENVESTNET ASSET MANAGEMENT INC Reduced -3,536,251-3.5m
RENAISSANCE TECHNOLOGIES LLC Reduced -1,431,300-1.4m
JENNISON ASSOCIATES LLC Reduced -649,563-649.6k
STIFEL FINANCIAL CORP Reduced -257,499-257.5k
Fisher Asset Management, LLC Reduced -255,036-255.0k
Capital International Investors Reduced -204,313-204.3k
Fayez Sarofim & Co Reduced -160,672-160.7k
TANG CAPITAL MANAGEMENT LLC Sold out -135,000-135.0k
LOOMIS SAYLES & CO L P Reduced -129,714-129.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $116.2m718.2k shares
CITADEL ADVISORS LLC Added $83.5m516.2k shares
JANE STREET GROUP, LLC Added $51.1m315.6k shares
Optiver Holding B.V. Added $46.5m287.2k shares
MILLENNIUM MANAGEMENT LLC Added $34.0m210.0k shares
SIMPLEX TRADING, LLC Added $23.3m144.0k shares
JPMORGAN CHASE & CO Added $21.1m130.1k shares
ROYAL BANK OF CANADA New $18.5m114.4k shares
Caption Management, LLC New $16.2m100.2k shares
Balyasny Asset Management L.P. New $14.7m91.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $75.6m467.0k shares
Optiver Holding B.V. Added $72.4m447.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $64.4m398.0k shares
LMR Partners LLP New $40.7m251.8k shares
Integral Health Asset Management, LLC New $40.5m250.0k shares
SIMPLEX TRADING, LLC Added $40.2m248.4k shares
Walleye Trading LLC Added $35.5m219.4k shares
JANE STREET GROUP, LLC Added $15.8m97.7k shares
Parallax Volatility Advisers, L.P. New $11.4m70.5k shares
WOLVERINE TRADING, LLC Added $8.2m52.1k 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 Q2 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 Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JENNISON ASSOCIATES LLC 1.55% of their portfolio NEW YORK, NY 11,691,89811.7m $1.9bn $1.9bn 1.55% Reduced -649.6k -649,563
2 RENAISSANCE TECHNOLOGIES LLC 2.19% of their portfolio NEW YORK, NY 9,370,9889.4m $1.5bn $1.5bn 2.19% Reduced -1.4m -1,431,300
3 Fisher Asset Management, LLC 0.68% of their portfolio PLANO, TX 7,619,8707.6m $1.2bn $1.2bn 0.68% Reduced -255.0k -255,036
4 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 6,229,0326.2m $1.0bn $1.0bn 0.12% Reduced -93.6k -93,563
5 FMR LLC 0.07% of their portfolio BOSTON, MA 5,422,8875.4m $877.6m $877.6m 0.07% Reduced -4.5m -4,540,101
6 Fayez Sarofim & Co 2.90% of their portfolio Houston, TX 5,119,6855.1m $828.5m $828.5m 2.90% Reduced -160.7k -160,672
7 LOOMIS SAYLES & CO L P 1.24% of their portfolio BOSTON, MA 4,746,9464.7m $768.2m $768.2m 1.24% Reduced -129.7k -129,714
8 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 4,688,8994.7m $758.8m $758.8m 0.07% Added +86.2k +86,183
9 FOLKETRYGDFONDET 16.05% of their portfolio OSLO, Q8 4,331,0354.3m $700.9m $700.9m 16.05% Added +81.0k +81,045
10 BlackRock Inc. 0.02% of their portfolio New York, NY 4,208,3194.2m $681.0m $681.0m 0.02% Reduced -97.4k -97,448
11 PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio BALTIMORE, MD 3,827,4453.8m $619.4m $619.4m 0.09% Added +41.9k +41,885
12 Capital International Investors 0.13% of their portfolio Los Angeles, CA 3,475,3863.5m $550.5m $550.5m 0.13% Reduced -204.3k -204,313
13 WCM INVESTMENT MANAGEMENT, LLC 1.67% of their portfolio LAGUNA BEACH, CA 3,467,6603.5m $560.4m $560.4m 1.67% Reduced -34.7k -34,722
14 STATE STREET CORP 0.03% of their portfolio BOSTON, MA 3,393,1223.4m $549.1m $549.1m 0.03% Reduced -49.9k -49,856
15 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.54% of their portfolio BLOOMINGTON, IL 3,377,8273.4m $546.6m $546.6m 0.54% Reduced -101.3k -101,263
16 EVERETT HARRIS & CO /CA/ 8.09% of their portfolio LOS ANGELES, CA 3,292,3963.3m $532.8m $532.8m 8.09% Reduced -19.4k -19,370
17 Capital World Investors 0.06% of their portfolio LOS ANGELES, CA 1,982,0012.0m $320.1m $320.1m 0.06% Added +229.1k +229,144
18 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 1,858,2671.9m $300.7m $300.7m 0.08% Reduced -34.1k -34,079
19 ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio Berwyn, PA 1,772,6151.8m $286.9m $286.9m 0.13% Reduced -3.5m -3,536,251
20 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 1,704,1431.7m $275.8m $275.8m 0.05% Reduced -13.3k -13,276
21 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 1,670,5761.7m $270.3m $270.3m 0.08% Added +81.5k +81,545
22 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 1,627,2321.6m $263.3m $263.3m 0.07% Added +46.1k +46,060
23 Nuveen Asset Management, LLC 0.09% of their portfolio CHICAGO, IL 1,582,7411.6m $256.1m $256.1m 0.09% Added +425.0k +425,039
24 NATIXIS ADVISORS, LLC 0.76% of their portfolio Boston, MA 1,527,5841.5m $247.2m $247.2m 0.76% Added +22.0k +21,980
25 RAYMOND JAMES & ASSOCIATES 0.18% of their portfolio ST PETERSBURG, FL 1,342,9861.3m $217.3m $217.3m 0.18% Reduced -109.9k -109,941
26 Clearbridge Investments, LLC 0.19% of their portfolio NEW YORK, NY 1,317,5481.3m $213.2m $213.2m 0.19% Reduced -84.2k -84,241
27 1832 Asset Management L.P. 0.37% of their portfolio TORONTO, A6 1,165,4341.2m $188.6m $188.6m 0.37% New
28 Markel Group Inc. 2.07% of their portfolio Glen Allen, VA 1,075,0001.1m $174.0m $174.0m 2.07% Unchanged
29 SATURNA CAPITAL CORP 2.99% of their portfolio BELLINGHAM, WA 1,067,1621.1m $172.7m $172.7m 2.99% Reduced -1.1k -1,125
30 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 932,405932.4k $150.9m $150.9m 0.02% Added +15.2k +15,150
31 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 866,573866.6k $140.2m $140.2m 0.04% Added +22.3k +22,309
32 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio Boston, MA 796,533796.5k $128.9m $128.9m 0.04% Added +756.8k +756,836
33 Artisan Partners Limited Partnership 0.20% of their portfolio Milwaukee, WI 781,468781.5k $126.5m $126.5m 0.20% Added +281.9k +281,882
34 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 773,653773.7k $125.3m $125.3m 0.05% Added +23.1k +23,088
35 STIFEL FINANCIAL CORP 0.17% of their portfolio ST. LOUIS, MO 745,340745.3k $120.6m $120.6m 0.17% Reduced -257.5k -257,499
36 TIGER GLOBAL MANAGEMENT LLC 0.86% of their portfolio New York, NY 634,500634.5k $102.7m $102.7m 0.86% New
37 MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 606,837606.8k $98.2m $98.2m 0.10% Added +95.3k +95,273
38 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.20% of their portfolio Boston, MA 576,618576.6k $93.3m $93.3m 0.20% Added +318.8k +318,809
39 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.50% of their portfolio IRVING, TX 561,594561.6k $90.9m $90.9m 0.50% Reduced -33.1k -33,150
40 LAZARD ASSET MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 529,574529.6k $85.7m $85.7m 0.11% Added +524.1k +524,139
41 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 495,308495.3k $80.2m $80.2m 0.03% Added +47.5k +47,530
42 J.P. Morgan Private Wealth Advisors LLC 0.42% of their portfolio SAN FRANCISCO, CA 495,060495.1k $80.1m $80.1m 0.42% Reduced -12.0k -11,959
43 JANUS HENDERSON GROUP PLC 0.05% of their portfolio LONDON, X0 490,611490.6k $79.4m $79.4m 0.05% Added +329.4k +329,415
44 Saratoga Research & Investment Management 3.41% of their portfolio SARATOGA, CA 457,692457.7k $74.1m $74.1m 3.41% Reduced -11.7k -11,682
45 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 438,206438.2k $70.9m $70.9m 0.01% Added +12.3k +12,349
46 Baird Financial Group, Inc. 0.18% of their portfolio MILWAUKEE, WI 425,198425.2k $68.8m $68.8m 0.18% Reduced -20.3k -20,333
47 Corient Private Wealth LP 0.15% of their portfolio MIAMI, FL 405,706405.7k $65.7m $65.7m 0.15% Added +89.3k +89,341
48 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 403,915403.9k $65.4m $65.4m 0.03% Added +345.9k +345,899
49 AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio KANSAS CITY, MO 385,587385.6k $62.4m $62.4m 0.05% Added +20.6k +20,624
50 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.29% of their portfolio JUPITER, FL 378,251378.3k $61.2m $61.2m 0.29% Added +5.3k +5,311
51 THORNBURG INVESTMENT MANAGEMENT INC 0.90% of their portfolio SANTA FE, NM 342,177342.2k $55.4m $55.4m 0.90% Added +25.5k +25,470
52 Artia Global Partners LP 19.02% of their portfolio MIAMI, FL 340,906340.9k $55.2m $55.2m 19.02% Added +19.9k +19,851
53 HSBC HOLDINGS PLC 0.06% of their portfolio LONDON, X0 339,433339.4k $55.0m $55.0m 0.06% Added +311.1k +311,080
54 TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio NEW YORK, NY 331,667331.7k $53.7m $53.7m 0.14% Added +301.3k +301,341
55 SEGALL BRYANT & HAMILL, LLC 0.56% of their portfolio CHICAGO, IL 331,524331.5k $53.7m $53.7m 0.56% Added +5.2k +5,184
56 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio BOSTON, MA 311,241311.2k $50.4m $50.4m 0.06% Added +214.0k +214,030
57 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 310,321310.3k $50.2m $50.2m 0.04% Reduced -553 -553
58 TD Asset Management Inc 0.06% of their portfolio Toronto, A6 309,489309.5k $50.1m $50.1m 0.06% Added +151.4k +151,419
59 TRUIST FINANCIAL CORP 0.08% of their portfolio CHARLOTTE, NC 302,751302.8k $49.0m $49.0m 0.08% Reduced -8.2k -8,192
60 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 301,109301.1k $48.7m $48.7m 0.03% Added +44.7k +44,701
61 DAVENPORT & Co LLC 0.36% of their portfolio RICHMOND, VA 300,231300.2k $48.2m $48.2m 0.36% Reduced -96.7k -96,748
62 Thrivent Financial for Lutherans 0.11% of their portfolio Minneapolis, MN 295,899295.9k $47.9m $47.9m 0.11% Added +7.7k +7,729
63 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 291,459291.5k $47.2m $47.2m 0.02% Reduced -18.5k -18,500
64 Clark Capital Management Group, Inc. 0.42% of their portfolio PHILADELPHIA, PA 288,254288.3k $46.6m $46.6m 0.42% Added +11.0k +10,966
65 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 287,359287.4k $46.5m $46.5m 0.01% Added +65.7k +65,674
66 ARMISTICE CAPITAL, LLC 1.10% of their portfolio NEW YORK, NY 270,000270.0k $43.7m $43.7m 1.10% Reduced -22.0k -22,000
67 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 261,243261.2k $42.3m $42.3m 0.05% Added +3.8k +3,809
68 NICHOLS & PRATT ADVISERS LLP /MA 3.01% of their portfolio BOSTON, MA 255,920255.9k $41.4m $41.4m 3.01% Reduced -2.1k -2,061
69 Reynders McVeigh Capital Management, LLC 2.70% of their portfolio BOSTON, MA 254,162254.2k $41.1m $41.1m 2.70% Reduced -19.8k -19,836
70 ASSETMARK, INC 0.16% of their portfolio CONCORD, CA 248,356248.4k $40.2m $40.2m 0.16% Added +14.0k +14,047
71 Main Street Research LLC 6.25% of their portfolio SAUSALITO, CA 242,134242.1k $39.2m $39.2m 6.25% Added +3.0k +3,023
72 UBS Group AG 0.02% of their portfolio ZURICH, V8 241,715241.7k $39.1m $39.1m 0.02% Reduced -28.0k -28,008
73 SEI INVESTMENTS CO 0.07% of their portfolio OAKS, PA 241,133241.1k $39.0m $39.0m 0.07% Added +14.5k +14,471
74 Moran Wealth Management, LLC 1.42% of their portfolio NAPLES, FL 233,408233.4k $37.8m $37.8m 1.42% Reduced -11.9k -11,929
75 Rockefeller Capital Management L.P. 0.15% of their portfolio NEW YORK, NY 233,202233.2k $37.7m $37.7m 0.15% First filing
76 Modera Wealth Management, LLC 0.66% of their portfolio WESTWOOD, NJ 225,757225.8k $36.5m $36.5m 0.66% Added +221.6k +221,587
77 Capital Group Private Client Services, Inc. 0.43% of their portfolio Los Angeles, CA 222,910222.9k $36.1m $36.1m 0.43% Added +1.1k +1,080
78 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 218,120218.1k $35.3m $35.3m 0.04% Reduced -11.9k -11,875
79 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 209,431209.4k $33.8m $33.8m 0.06% Added +21.4k +21,421
80 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 197,835197.8k $32.0m $32.0m 0.05% Added +13.9k +13,931
81 GQG Partners LLC 0.07% of their portfolio FT. LAUDERDALE, FL 194,545194.5k $31.5m $31.5m 0.07% Reduced -29.6k -29,616
82 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 192,470192.5k $31.1m $31.1m 0.06% Added +26.5k +26,536
83 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 190,529190.5k $30.8m $30.8m 0.06% Added +190.1k +190,133
84 BEACON INVESTMENT ADVISORY SERVICES, INC. 1.32% of their portfolio MORRISTOWN, NJ 177,535177.5k $28.7m $28.7m 1.32% Reduced -7.7k -7,683
85 CIBC WORLD MARKET INC. 0.10% of their portfolio TORONTO, A6 174,170174.2k $28.2m $28.2m 0.10% Reduced -11.9k -11,934
86 Calamos Advisors LLC 0.14% of their portfolio NAPERVILLE, IL 166,410166.4k $26.9m $26.9m 0.14% Reduced -29.8k -29,780
87 Vantage Investment Partners, LLC 3.38% of their portfolio KANSAS CITY, MO 161,311161.3k $26.1m $26.1m 3.38% Added +6.9k +6,864
88 Penbrook Management LLC 18.60% of their portfolio NEW YORK, NY 158,600158.6k $25.7m $25.7m 18.60% Reduced -600 -600
89 OPPENHEIMER ASSET MANAGEMENT INC. 0.37% of their portfolio NEW YORK, NY 156,206156.2k $25.3m $25.3m 0.37% Reduced -5.8k -5,811
90 Qube Research & Technologies Ltd 0.10% of their portfolio LONDON, X0 153,036153.0k $24.8m $24.8m 0.10% New
91 TRILLIUM ASSET MANAGEMENT, LLC 0.68% of their portfolio BOSTON, MA 150,267150.3k $24.3m $24.3m 0.68% Reduced -26.0k -26,016
92 Martin Investment Management, LLC 6.82% of their portfolio PALM BEACH GARDENS, FL 149,398149.4k $24.2m $24.2m 6.82% New
93 BAR HARBOR WEALTH MANAGEMENT 1.85% of their portfolio CONCORD, NH 149,189149.2k $24.1m $24.1m 1.85% Reduced -7.9k -7,885
94 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 146,411146.4k $23.7m $23.7m 0.04% Reduced -10.1k -10,117
95 JLB & ASSOCIATES INC 3.25% of their portfolio PLYMOUTH, MI 141,114141.1k $22.8m $22.8m 3.25% Reduced -6.0k -6,035
96 Cutter & CO Brokerage, Inc. 6.73% of their portfolio Ballwin, MO 141,039141.0k $22.8m $22.8m 6.73% Added +5.0k +4,999
97 Janney Montgomery Scott LLC 0.08% of their portfolio PHILADELPHIA, PA 137,248137.2k $22.2m $22.2m 0.08% Added +12.4k +12,440
98 DILLON & ASSOCIATES INC 4.08% of their portfolio JACKSON, MI 136,738136.7k $22.2m $22.2m 4.08% Reduced -3.1k -3,119
99 COATUE MANAGEMENT LLC 0.11% of their portfolio New York, NY 135,314135.3k $21.9m $21.9m 0.11% New
100 Mariner, LLC 0.06% of their portfolio Overland Park, KS 127,522127.5k $20.6m $20.6m 0.06% Reduced -1.9k -1,860