Vault-13

NOVO-NORDISK A S NVO

ADR · ADR · CUSIP 670100205 · ISIN US6701002056

1,311 institutional holders +113 vs Q2 2023
298,672,189298.7m shares reported held*
$27.4bnreported value*
177 new 497 added 406 reduced 62 sold out net bought ≈ $1.2bn (+12.9m shares)

Q2 2023 share counts are adjusted for a 2-for-1 stock split, so holders aren't shown as buying or selling because of it.

* 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 ($149.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $91.85. Options: 33 managers hold calls ($668.3m notional), 31 hold puts ($1.1bn).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 907Q4 22: 1,049Q1 23: 1,148Q2 23: 1,198Q3 23: 1,3111,311Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022907
Q4 20221,049
Q1 20231,148
Q2 20231,198
Q3 20231,311

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 23Q3 23: 674 bought or addedQ3 23: 468 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022445401
Q1 2023486481
Q2 2023569475
Q3 2023674468

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ4 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 0.92Q3 23 calls: $668.3mQ3 23 puts: $1.1bnQ3 23P/C 1.60
Numbers
QuarterCallsPutsP/C
Q4 2022$255.3m$142.3m0.56
Q1 2023$296.8m$227.6m0.77
Q2 2023$486.2m$447.9m0.92
Q3 2023$668.3m$1.1bn1.60

Biggest buyers

POLEN CAPITAL MANAGEMENT LLC New +7,906,255+7.9m
SOROS FUND MANAGEMENT LLC New +1,525,830+1.5m
Fayez Sarofim & Co Added +1,364,594+1.4m
FMR LLC Added +1,231,727+1.2m
ENVESTNET ASSET MANAGEMENT INC Added +1,007,251+1.0m
JANE STREET GROUP, LLC Added +759,380+759.4k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +660,881+660.9k
PRICE T ROWE ASSOCIATES INC /MD/ Added +576,025+576.0k
GOLDMAN SACHS GROUP INC Added +565,469+565.5k
Harel Insurance Investments & Financial Services Ltd. Added +554,200+554.2k

Biggest sellers

RENAISSANCE TECHNOLOGIES LLC Reduced -2,512,500-2.5m
Capital International Investors Reduced -1,133,377-1.1m
MILLENNIUM MANAGEMENT LLC Reduced -856,065-856.1k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -719,472-719.5k
DEUTSCHE BANK AG\ Reduced -670,442-670.4k
TWO SIGMA INVESTMENTS, LP Reduced -641,704-641.7k
HSBC HOLDINGS PLC Reduced -615,880-615.9k
Fisher Asset Management, LLC Reduced -491,657-491.7k
Clearbridge Investments, LLC Reduced -409,987-410.0k
WCM INVESTMENT MANAGEMENT, LLC Reduced -406,409-406.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $117.5m1.3m shares
CITADEL ADVISORS LLC Reduced $90.0m989.6k shares
JANE STREET GROUP, LLC Added $69.9m768.9k shares
Twin Tree Management, LP New $62.0m681.8k shares
GOLDMAN SACHS GROUP INC New $52.0m571.8k shares
SIMPLEX TRADING, LLC Added $51.6m567.6k shares
GROUP ONE TRADING LLC Added $41.4m455.4k shares
Optiver Holding B.V. Reduced $41.0m450.4k shares
WOLVERINE TRADING, LLC Added $28.4m312.5k shares
MILLENNIUM MANAGEMENT LLC Reduced $22.4m246.0k shares

Biggest puts

Balyasny Asset Management L.P. New $376.7m585.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $114.7m1.3m shares
CITADEL ADVISORS LLC Added $100.6m1.1m shares
SIMPLEX TRADING, LLC Added $89.9m989.1k shares
Twin Tree Management, LP New $86.1m947.2k shares
Point72 Asset Management, L.P. New $80.0m880.0k shares
Optiver Holding B.V. Reduced $50.8m558.5k shares
JANE STREET GROUP, LLC Added $30.5m335.3k shares
Walleye Trading LLC Reduced $26.5m291.1k shares
LMR Partners LLP Reduced $20.6m227.0k 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 Q3 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 Q3 2023.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JENNISON ASSOCIATES LLC 1.81% of their portfolio NEW YORK, NY 23,419,40523.4m $2.1bn $2.1bn 1.81% Added +35.6k +35,609
2 RENAISSANCE TECHNOLOGIES LLC 2.52% of their portfolio NEW YORK, NY 16,229,47616.2m $1.5bn $1.5bn 2.52% Reduced -2.5m -2,512,500
3 Fisher Asset Management, LLC 0.76% of their portfolio PLANO, TX 14,748,08314.7m $1.3bn $1.3bn 0.76% Reduced -491.7k -491,657
4 BANK OF AMERICA CORP /DE/ 0.14% of their portfolio CHARLOTTE, NC 12,781,30512.8m $1.2bn $1.2bn 0.14% Added +323.2k +323,241
5 FMR LLC 0.09% of their portfolio BOSTON, MA 12,077,50112.1m $1.1bn $1.1bn 0.09% Added +1.2m +1,231,727
6 Fayez Sarofim & Co 3.56% of their portfolio Houston, TX 11,603,96411.6m $1.1bn $1.1bn 3.56% Added +1.4m +1,364,594
7 MORGAN STANLEY 0.09% of their portfolio NEW YORK, NY 9,215,0989.2m $838.0m $838.0m 0.09% Reduced -162.7k -162,700
8 LOOMIS SAYLES & CO L P 1.42% of their portfolio BOSTON, MA 9,097,8089.1m $827.4m $827.4m 1.42% Reduced -396.1k -396,084
9 FOLKETRYGDFONDET 15.83% of their portfolio OSLO, Q8 8,405,4428.4m $764.4m $764.4m 15.83% Reduced -256.6k -256,628
10 PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio BALTIMORE, MD 8,230,9158.2m $748.5m $748.5m 0.11% Added +576.0k +576,025
11 BlackRock Inc. 0.02% of their portfolio New York, NY 8,052,3068.1m $732.3m $732.3m 0.02% Reduced -364.3k -364,332
12 POLEN CAPITAL MANAGEMENT LLC 1.89% of their portfolio Boca Raton, FL 7,906,2557.9m $719.0m $719.0m 1.89% New
13 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.62% of their portfolio BLOOMINGTON, IL 6,755,6546.8m $614.4m $614.4m 0.62% Unchanged
14 STATE STREET CORP 0.03% of their portfolio BOSTON, MA 6,679,6606.7m $607.4m $607.4m 0.03% Reduced -106.6k -106,584
15 EVERETT HARRIS & CO /CA/ 9.27% of their portfolio LOS ANGELES, CA 6,539,2026.5m $594.7m $594.7m 9.27% Reduced -45.6k -45,590
16 WCM INVESTMENT MANAGEMENT, LLC 1.74% of their portfolio LAGUNA BEACH, CA 6,528,9116.5m $594.0m $594.0m 1.74% Reduced -406.4k -406,409
17 Capital International Investors 0.13% of their portfolio Los Angeles, CA 5,817,3955.8m $531.5m $531.5m 0.13% Reduced -1.1m -1,133,377
18 ENVESTNET ASSET MANAGEMENT INC 0.19% of their portfolio Berwyn, PA 4,552,4814.6m $414.0m $414.0m 0.19% Added +1.0m +1,007,251
19 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 4,282,0034.3m $389.4m $389.4m 0.10% Added +565.5k +565,469
20 Capital World Investors 0.07% of their portfolio LOS ANGELES, CA 3,966,3584.0m $360.9m $360.9m 0.07% Added +2.4k +2,356
21 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 3,676,7653.7m $334.4m $334.4m 0.10% Added +335.6k +335,613
22 ROYAL BANK OF CANADA 0.10% of their portfolio TORONTO, A6 3,643,0613.6m $331.3m $331.3m 0.10% Added +388.6k +388,597
23 NORTHERN TRUST CORP 0.06% of their portfolio CHICAGO, IL 3,585,4073.6m $326.1m $326.1m 0.06% Added +177.1k +177,121
24 Nuveen Asset Management, LLC 0.10% of their portfolio CHICAGO, IL 3,188,4643.2m $290.0m $290.0m 0.10% Added +23.0k +22,982
25 NATIXIS ADVISORS, LLC 0.83% of their portfolio Boston, MA 2,997,0733.0m $272.6m $272.6m 0.83% Reduced -58.1k -58,095
26 RAYMOND JAMES & ASSOCIATES 0.20% of their portfolio ST PETERSBURG, FL 2,670,5422.7m $242.9m $242.9m 0.20% Reduced -15.4k -15,430
27 Clearbridge Investments, LLC 0.19% of their portfolio NEW YORK, NY 2,225,1092.2m $202.4m $202.4m 0.19% Reduced -410.0k -409,987
28 Markel Group Inc. 2.36% of their portfolio Glen Allen, VA 2,150,0002.1m $195.5m $195.5m 2.36% Unchanged
29 SATURNA CAPITAL CORP 3.42% of their portfolio BELLINGHAM, WA 2,129,0242.1m $193.6m $193.6m 3.42% Reduced -5.3k -5,300
30 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 2,063,0922.1m $187.6m $187.6m 0.02% Added +198.3k +198,282
31 1832 Asset Management L.P. 0.36% of their portfolio TORONTO, A6 1,931,8681.9m $175.7m $175.7m 0.36% Reduced -399.0k -399,000
32 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 1,778,3341.8m $161.7m $161.7m 0.05% Added +45.2k +45,188
33 Artisan Partners Limited Partnership 0.24% of their portfolio Milwaukee, WI 1,569,5421.6m $142.7m $142.7m 0.24% Added +6.6k +6,606
34 SOROS FUND MANAGEMENT LLC 2.84% of their portfolio NEW YORK, NY 1,525,8301.5m $138.8m $138.8m 2.84% New
35 STIFEL FINANCIAL CORP 0.20% of their portfolio ST. LOUIS, MO 1,525,4501.5m $138.7m $138.7m 0.20% Added +34.8k +34,770
36 LAZARD ASSET MANAGEMENT LLC 0.18% of their portfolio NEW YORK, NY 1,494,2141.5m $135.9m $135.9m 0.18% Added +435.1k +435,066
37 BANK OF MONTREAL /CAN/ 0.10% of their portfolio TORONTO, A6 1,395,6891.4m $265.9m $265.9m 0.10% Reduced -151.6k -151,617
38 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.28% of their portfolio Boston, MA 1,358,6041.4m $123.6m $123.6m 0.28% Added +205.4k +205,368
39 JANUS HENDERSON GROUP PLC 0.08% of their portfolio LONDON, X0 1,306,2851.3m $118.8m $118.8m 0.08% Added +325.1k +325,063
40 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.14% of their portfolio BOSTON, MA 1,283,3631.3m $116.7m $116.7m 0.14% Added +660.9k +660,881
41 TIGER GLOBAL MANAGEMENT LLC 0.85% of their portfolio New York, NY 1,269,0001.3m $115.4m $115.4m 0.85% Unchanged
42 AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio KANSAS CITY, MO 1,098,3321.1m $99.9m $99.9m 0.08% Added +327.2k +327,158
43 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,071,1261.1m $97.6m $97.6m 0.03% Added +80.5k +80,510
44 Thrivent Financial for Lutherans 0.23% of their portfolio Minneapolis, MN 1,043,5951.0m $94.9m $94.9m 0.23% Added +451.8k +451,797
45 J.P. Morgan Private Wealth Advisors LLC 0.26% of their portfolio SAN FRANCISCO, CA 1,006,7401.0m $91.6m $91.6m 0.26% Added +16.6k +16,620
46 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.57% of their portfolio IRVING, TX 961,588961.6k $87.4m $87.4m 0.57% Reduced -161.6k -161,600
47 JANE STREET GROUP, LLC 0.13% of their portfolio NEW YORK, NY 951,458951.5k $86.5m $86.5m 0.13% Added +759.4k +759,380
48 TD Asset Management Inc 0.10% of their portfolio Toronto, A6 924,349924.3k $84.1m $84.1m 0.10% Added +305.4k +305,371
49 THORNBURG INVESTMENT MANAGEMENT INC 1.34% of their portfolio SANTA FE, NM 897,901897.9k $81.7m $81.7m 1.34% Added +213.5k +213,547
50 Saratoga Research & Investment Management 3.95% of their portfolio SARATOGA, CA 890,165890.2k $81.0m $81.0m 3.95% Reduced -25.2k -25,219
51 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 873,594873.6k $79.4m $79.4m 0.03% Reduced -719.5k -719,472
52 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 863,598863.6k $78.5m $78.5m 0.02% Reduced -12.8k -12,814
53 Corient Private Wealth LP 0.17% of their portfolio MIAMI, FL 836,308836.3k $76.1m $76.1m 0.17% Added +24.9k +24,896
54 Baird Financial Group, Inc. 0.20% of their portfolio MILWAUKEE, WI 798,255798.3k $72.6m $72.6m 0.20% Reduced -52.1k -52,141
55 SEI INVESTMENTS CO 0.13% of their portfolio OAKS, PA 778,715778.7k $70.8m $70.8m 0.13% Added +296.4k +296,449
56 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 760,846760.8k $69.2m $69.2m 0.05% Added +158.6k +158,628
57 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.34% of their portfolio JUPITER, FL 748,057748.1k $68.0m $68.0m 0.34% Reduced -8.4k -8,445
58 Artia Global Partners LP 25.78% of their portfolio MIAMI, FL 681,812681.8k $62.0m $62.0m 25.78% Unchanged
59 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 644,875644.9k $58.7m $58.7m 0.09% Added +226.0k +226,013
60 UBS Group AG 0.03% of their portfolio ZURICH, V8 627,390627.4k $57.1m $57.1m 0.03% Added +144.0k +143,960
61 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 624,945624.9k $56.8m $56.8m 0.05% Added +4.3k +4,303
62 SEGALL BRYANT & HAMILL, LLC 0.65% of their portfolio CHICAGO, IL 613,789613.8k $55.8m $55.8m 0.65% Reduced -49.3k -49,259
63 DAVENPORT & Co LLC 0.42% of their portfolio RICHMOND, VA 602,857602.9k $54.8m $54.8m 0.42% Added +2.4k +2,395
64 Clark Capital Management Group, Inc. 0.54% of their portfolio PHILADELPHIA, PA 594,658594.7k $54.1m $54.1m 0.54% Added +18.1k +18,150
65 Qube Research & Technologies Ltd 0.16% of their portfolio LONDON, X0 594,324594.3k $54.0m $54.0m 0.16% Added +288.3k +288,252
66 TRUIST FINANCIAL CORP 0.09% of their portfolio CHARLOTTE, NC 587,609587.6k $53.4m $53.4m 0.09% Reduced -17.9k -17,893
67 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 574,667574.7k $52.3m $52.3m 0.01% Reduced -51 -51
68 CITIGROUP INC 0.07% of their portfolio NEW YORK, NY 571,269571.3k $52.0m $52.0m 0.07% Added +48.8k +48,783
69 Harel Insurance Investments & Financial Services Ltd. 1.00% of their portfolio Ramat Gan, L3 557,104557.1k $50.7m $50.7m 1.00% Added +554.2k +554,200
70 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 547,438547.4k $49.8m $49.8m 0.03% Reduced -35.5k -35,480
71 Rockefeller Capital Management L.P. 0.18% of their portfolio NEW YORK, NY 515,730515.7k $46.9m $46.9m 0.18% Added +49.3k +49,326
72 NICHOLS & PRATT ADVISERS LLP /MA 3.50% of their portfolio BOSTON, MA 509,060509.1k $46.2m $46.2m 3.50% Reduced -2.8k -2,780
73 COATUE MANAGEMENT LLC 0.23% of their portfolio New York, NY 490,716490.7k $44.6m $44.6m 0.23% Added +220.1k +220,088
74 Reynders McVeigh Capital Management, LLC 3.06% of their portfolio BOSTON, MA 489,224489.2k $44.5m $44.5m 3.06% Reduced -19.1k -19,100
75 Main Street Research LLC 4.45% of their portfolio SAUSALITO, CA 475,362475.4k $43.2m $43.2m 4.45% Reduced -8.9k -8,906
76 Moran Wealth Management, LLC 1.59% of their portfolio NAPLES, FL 450,596450.6k $41.0m $41.0m 1.59% Reduced -16.2k -16,220
77 Capital Group Private Client Services, Inc. 0.49% of their portfolio Los Angeles, CA 443,752443.8k $40.4m $40.4m 0.49% Reduced -2.1k -2,068
78 Modera Wealth Management, LLC 0.75% of their portfolio WESTWOOD, NJ 439,645439.6k $40.0m $40.0m 0.75% Reduced -11.9k -11,869
79 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 438,179438.2k $39.9m $39.9m 0.07% Added +53.2k +53,239
80 ARMISTICE CAPITAL, LLC 1.18% of their portfolio NEW YORK, NY 436,000436.0k $39.6m $39.6m 1.18% Reduced -104.0k -104,000
81 ASSETMARK, INC 0.16% of their portfolio CONCORD, CA 432,245432.2k $39.3m $39.3m 0.16% Reduced -64.5k -64,467
82 MEITAV INVESTMENT HOUSE LTD 0.61% of their portfolio BENE-BERAQ, L3 409,348409.3k $37.7m $37.7m 0.61% Added +344.9k +344,930
83 GQG Partners LLC 0.09% of their portfolio FT. LAUDERDALE, FL 406,136406.1k $36.9m $36.9m 0.09% Added +17.0k +17,046
84 OPPENHEIMER ASSET MANAGEMENT INC. 0.55% of their portfolio NEW YORK, NY 395,248395.2k $35.9m $35.9m 0.55% Added +82.8k +82,836
85 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 393,941393.9k $35.8m $35.8m 0.06% Reduced -1.7k -1,729
86 CIBC WORLD MARKET INC. 0.12% of their portfolio TORONTO, A6 361,520361.5k $32.9m $32.9m 0.12% Added +13.2k +13,180
87 Raymond James Financial Services Advisors, Inc. 0.06% of their portfolio ST. PETERSBURG, FL 359,771359.8k $32.7m $32.7m 0.06% Added +66.9k +66,949
88 TOWNSQUARE CAPITAL LLC 0.60% of their portfolio Lehi, UT 359,752359.8k $32.7m $32.7m 0.60% Added +110.8k +110,802
89 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 357,609357.6k $32.5m $32.5m 0.03% Reduced -856.1k -856,065
90 BEACON INVESTMENT ADVISORY SERVICES, INC. 1.52% of their portfolio MORRISTOWN, NJ 339,836339.8k $30.9m $30.9m 1.52% Reduced -15.2k -15,234
91 Calamos Advisors LLC 0.16% of their portfolio NAPERVILLE, IL 332,338332.3k $30.2m $30.2m 0.16% Reduced -482 -482
92 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 328,366328.4k $29.9m $29.9m 0.03% Reduced -107.9k -107,874
93 Penbrook Management LLC 21.14% of their portfolio NEW YORK, NY 317,200317.2k $28.8m $28.8m 21.14% Unchanged
94 Walleye Trading LLC 0.66% of their portfolio NEW YORK, NY 310,116310.1k $28.2m $28.2m 0.66% New
95 Vantage Investment Partners, LLC 3.67% of their portfolio KANSAS CITY, MO 307,732307.7k $28.0m $28.0m 3.67% Reduced -14.9k -14,890
96 BAR HARBOR WEALTH MANAGEMENT 2.14% of their portfolio CONCORD, NH 295,262295.3k $26.9m $26.9m 2.14% Reduced -3.1k -3,116
97 Cutter & CO Brokerage, Inc. 7.76% of their portfolio Ballwin, MO 291,916291.9k $26.5m $26.5m 7.76% Added +9.8k +9,838
98 Martin Investment Management, LLC 7.93% of their portfolio PALM BEACH GARDENS, FL 291,068291.1k $26.5m $26.5m 7.93% Reduced -7.7k -7,728
99 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 289,786289.8k $26.4m $26.4m 0.10% Added +15.3k +15,290
100 DILLON & ASSOCIATES INC 4.95% of their portfolio JACKSON, MI 282,477282.5k $25.7m $25.7m 4.95% Added +9.0k +9,001