Vault-13

NOVO-NORDISK A S NVO

ADR · ADR · CUSIP 670100205 · ISIN US6701002056

1,511 institutional holders +200 vs Q3 2023
324,135,059324.1m shares reported held*
$33.9bnreported value*
187 new 579 added 445 reduced 61 sold out net bought ≈ $2.5bn (+24.1m 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 ($63.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $104.51. Options: 39 managers hold calls ($719.3m notional), 30 hold puts ($595.9m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 907Q4 22: 1,049Q1 23: 1,148Q2 23: 1,198Q3 23: 1,311Q4 23: 1,5111,511Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022907
Q4 20221,049
Q1 20231,148
Q2 20231,198
Q3 20231,311
Q4 20231,511

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 23Q4 23: 766 bought or addedQ4 23: 506 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022445401
Q1 2023486481
Q2 2023569475
Q3 2023674468
Q4 2023766506

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ1 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 1.60Q4 23 calls: $719.3mQ4 23 puts: $595.9mQ4 23P/C 0.83
Numbers
QuarterCallsPutsP/C
Q1 2023$296.8m$227.6m0.77
Q2 2023$486.2m$447.9m0.92
Q3 2023$668.3m$1.1bn1.60
Q4 2023$719.3m$595.9m0.83

Biggest buyers

MORGAN STANLEY Added +12,014,524+12.0m
JPMORGAN CHASE & CO Added +7,420,556+7.4m
Sustainable Growth Advisers, LP Added +3,778,100+3.8m
Amundi Added +1,359,388+1.4m
Capital International Investors Added +1,297,536+1.3m
MILLENNIUM MANAGEMENT LLC Added +624,805+624.8k
Holocene Advisors, LP New +596,996+597.0k
FMR LLC Added +585,724+585.7k
Corient Private Wealth LP Added +411,907+411.9k
Balyasny Asset Management L.P. New +403,673+403.7k

Biggest sellers

RENAISSANCE TECHNOLOGIES LLC Reduced -2,380,141-2.4m
WCM INVESTMENT MANAGEMENT, LLC Reduced -2,308,713-2.3m
JENNISON ASSOCIATES LLC Reduced -891,633-891.6k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -800,735-800.7k
BlackRock Inc. Reduced -754,387-754.4k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Sold out -748,057-748.1k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -682,356-682.4k
Fisher Asset Management, LLC Reduced -618,485-618.5k
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Reduced -612,876-612.9k
ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -544,212-544.2k

Biggest calls

CITADEL ADVISORS LLC Reduced $96.5m933.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $91.6m885.9k shares
SIMPLEX TRADING, LLC Added $67.3m650.8k shares
GOLDMAN SACHS GROUP INC Unchanged $59.2m571.8k shares
CAPITAL FUND MANAGEMENT S.A. Added $46.2m446.2k shares
Twin Tree Management, LP Reduced $36.1m348.8k shares
GROUP ONE TRADING LLC Reduced $34.6m334.9k shares
JANE STREET GROUP, LLC Reduced $33.9m327.8k shares
Balyasny Asset Management L.P. New $31.0m300.0k shares
UBS Group AG New $25.3m244.8k shares

Biggest puts

CITADEL ADVISORS LLC Added $120.0m1.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $87.9m849.6k shares
SIMPLEX TRADING, LLC Reduced $87.6m846.4k shares
Twin Tree Management, LP Reduced $73.1m706.3k shares
CAPITAL FUND MANAGEMENT S.A. Added $36.1m348.9k shares
IMC-Chicago, LLC Added $27.6m267.1k shares
JANE STREET GROUP, LLC Reduced $27.5m266.3k shares
Balyasny Asset Management L.P. Reduced $23.0m222.0k shares
Optiver Holding B.V. Reduced $21.6m208.4k shares
Walleye Trading LLC Reduced $20.0m193.7k 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 Q4 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 Q4 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JENNISON ASSOCIATES LLC 1.74% of their portfolio NEW YORK, NY 22,527,77222.5m $2.3bn $2.3bn 1.74% Reduced -891.6k -891,633
2 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 21,229,62221.2m $2.2bn $2.2bn 0.10% Added +12.0m +12,014,524
3 Fisher Asset Management, LLC 0.77% of their portfolio PLANO, TX 14,129,59814.1m $1.5bn $1.5bn 0.77% Reduced -618.5k -618,485
4 RENAISSANCE TECHNOLOGIES LLC 2.22% of their portfolio NEW YORK, NY 13,849,33513.8m $1.4bn $1.4bn 2.22% Reduced -2.4m -2,380,141
5 BANK OF AMERICA CORP /DE/ 0.15% of their portfolio CHARLOTTE, NC 12,975,40913.0m $1.3bn $1.3bn 0.15% Added +194.1k +194,104
6 FMR LLC 0.10% of their portfolio BOSTON, MA 12,663,22512.7m $1.3bn $1.3bn 0.10% Added +585.7k +585,724
7 Fayez Sarofim & Co 4.38% of their portfolio Houston, TX 11,814,05111.8m $1.4bn $1.4bn 4.38% Added +210.1k +210,087
8 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 9,483,6489.5m $981.1m $981.1m 0.05% Added +7.4m +7,420,556
9 LOOMIS SAYLES & CO L P 1.43% of their portfolio BOSTON, MA 9,003,3259.0m $931.4m $931.4m 1.43% Reduced -94.5k -94,483
10 FOLKETRYGDFONDET 18.17% of their portfolio OSLO, Q8 8,631,2648.6m $892.9m $892.9m 18.17% Added +225.8k +225,822
11 POLEN CAPITAL MANAGEMENT LLC 1.98% of their portfolio Boca Raton, FL 7,958,4448.0m $823.3m $823.3m 1.98% Added +52.2k +52,189
12 PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio BALTIMORE, MD 7,766,1867.8m $803.4m $803.4m 0.11% Reduced -464.7k -464,729
13 BlackRock Inc. 0.02% of their portfolio New York, NY 7,297,9197.3m $755.0m $755.0m 0.02% Reduced -754.4k -754,387
14 Capital International Investors 0.17% of their portfolio Los Angeles, CA 7,114,9317.1m $736.1m $736.1m 0.17% Added +1.3m +1,297,536
15 STATE STREET CORP 0.03% of their portfolio BOSTON, MA 6,564,8936.6m $679.1m $679.1m 0.03% Reduced -114.8k -114,767
16 EVERETT HARRIS & CO /CA/ 9.64% of their portfolio LOS ANGELES, CA 6,512,7896.5m $673.7m $673.7m 9.64% Reduced -26.4k -26,413
17 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.61% of their portfolio BLOOMINGTON, IL 6,142,7786.1m $635.5m $635.5m 0.61% Reduced -612.9k -612,876
18 GOLDMAN SACHS GROUP INC 0.11% of their portfolio NEW YORK, NY 4,627,3354.6m $478.7m $478.7m 0.11% Added +345.3k +345,332
19 WCM INVESTMENT MANAGEMENT, LLC 1.21% of their portfolio LAGUNA BEACH, CA 4,220,1984.2m $436.7m $436.7m 1.21% Reduced -2.3m -2,308,713
20 ENVESTNET ASSET MANAGEMENT INC 0.18% of their portfolio Berwyn, PA 4,213,9784.2m $435.9m $435.9m 0.18% Reduced -338.5k -338,503
21 Sustainable Growth Advisers, LP 1.89% of their portfolio STAMFORD, CT 4,005,2774.0m $414.3m $414.3m 1.89% Added +3.8m +3,778,100
22 Capital World Investors 0.07% of their portfolio LOS ANGELES, CA 3,971,4174.0m $410.8m $410.8m 0.07% Added +5.1k +5,059
23 WELLS FARGO & COMPANY/MN 0.11% of their portfolio SAN FRANCISCO, CA 3,799,2493.8m $393.0m $393.0m 0.11% Added +122.5k +122,484
24 ROYAL BANK OF CANADA 0.10% of their portfolio TORONTO, A6 3,774,7193.8m $390.5m $390.5m 0.10% Added +131.7k +131,658
25 NORTHERN TRUST CORP 0.07% of their portfolio CHICAGO, IL 3,535,8773.5m $365.8m $365.8m 0.07% Reduced -49.5k -49,530
26 Nuveen Asset Management, LLC 0.10% of their portfolio CHICAGO, IL 3,147,0753.1m $325.6m $325.6m 0.10% Reduced -41.4k -41,389
27 NATIXIS ADVISORS, LLC 0.83% of their portfolio Boston, MA 3,052,4063.1m $315.8m $315.8m 0.83% Added +55.3k +55,333
28 RAYMOND JAMES & ASSOCIATES 0.22% of their portfolio ST PETERSBURG, FL 2,799,6822.8m $289.6m $289.6m 0.22% Added +129.1k +129,140
29 Clearbridge Investments, LLC 0.21% of their portfolio NEW YORK, NY 2,314,2612.3m $239.4m $239.4m 0.21% Added +89.2k +89,152
30 1832 Asset Management L.P. 0.43% of their portfolio TORONTO, A6 2,201,0262.2m $227.7m $227.7m 0.43% Added +269.2k +269,158
31 Markel Group Inc. 2.42% of their portfolio Glen Allen, VA 2,150,0002.1m $222.4m $222.4m 2.42% Unchanged
32 SATURNA CAPITAL CORP 3.43% of their portfolio BELLINGHAM, WA 2,126,7742.1m $220.0m $220.0m 3.43% Reduced -2.2k -2,250
33 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 1,774,7991.8m $183.6m $183.6m 0.05% Reduced -3.5k -3,535
34 STIFEL FINANCIAL CORP 0.21% of their portfolio ST. LOUIS, MO 1,625,1271.6m $168.1m $168.1m 0.21% Added +99.7k +99,677
35 JANUS HENDERSON GROUP PLC 0.10% of their portfolio LONDON, X0 1,569,5641.6m $162.4m $162.4m 0.10% Added +263.3k +263,279
36 SOROS FUND MANAGEMENT LLC 3.05% of their portfolio NEW YORK, NY 1,554,8301.6m $160.8m $160.8m 3.05% Added +29.0k +29,000
37 Amundi 0.07% of their portfolio Paris, I0 1,491,2381.5m $159.5m $159.5m 0.07% Added +1.4m +1,359,388
38 LAZARD ASSET MANAGEMENT LLC 0.19% of their portfolio NEW YORK, NY 1,459,1941.5m $151.0m $151.0m 0.19% Reduced -35.0k -35,020
39 Thrivent Financial for Lutherans 0.32% of their portfolio Minneapolis, MN 1,403,3931.4m $145.2m $145.2m 0.32% Added +359.8k +359,798
40 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 1,340,5081.3m $139.0m $139.0m 0.05% Reduced -55.2k -55,181
41 TIGER GLOBAL MANAGEMENT LLC 0.93% of their portfolio New York, NY 1,269,0001.3m $131.3m $131.3m 0.93% Unchanged
42 AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio KANSAS CITY, MO 1,266,4581.3m $131.0m $131.0m 0.09% Added +168.1k +168,126
43 Artisan Partners Limited Partnership 0.20% of their portfolio Milwaukee, WI 1,252,4601.3m $129.6m $129.6m 0.20% Reduced -317.1k -317,082
44 Corient Private Wealth LP 0.24% of their portfolio MIAMI, FL 1,248,2151.2m $129.1m $129.1m 0.24% Added +411.9k +411,907
45 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,062,2381.1m $110.1m $110.1m 0.03% Reduced -8.9k -8,888
46 MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 982,414982.4k $101.6m $101.6m 0.10% Added +624.8k +624,805
47 TD Asset Management Inc 0.10% of their portfolio Toronto, A6 968,499968.5k $100.2m $100.2m 0.10% Added +44.1k +44,150
48 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 937,171937.2k $97.0m $97.0m 0.06% Added +176.3k +176,325
49 THORNBURG INVESTMENT MANAGEMENT INC 1.28% of their portfolio SANTA FE, NM 858,210858.2k $88.8m $88.8m 1.28% Reduced -39.7k -39,691
50 Baird Financial Group, Inc. 0.20% of their portfolio MILWAUKEE, WI 853,279853.3k $88.3m $88.3m 0.20% Added +55.0k +55,024
51 Saratoga Research & Investment Management 3.95% of their portfolio SARATOGA, CA 827,594827.6k $85.6m $85.6m 3.95% Reduced -62.6k -62,571
52 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.17% of their portfolio Boston, MA 814,392814.4k $84.2m $84.2m 0.17% Reduced -544.2k -544,212
53 SEI INVESTMENTS CO 0.13% of their portfolio OAKS, PA 807,438807.4k $83.5m $83.5m 0.13% Added +28.7k +28,723
54 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 801,877801.9k $83.0m $83.0m 0.02% Reduced -61.7k -61,721
55 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 756,506756.5k $78.3m $78.3m 0.02% Added +181.8k +181,839
56 Artia Global Partners LP 29.53% of their portfolio MIAMI, FL 721,507721.5k $74.6m $74.6m 29.53% Added +39.7k +39,695
57 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 647,614647.6k $67.0m $67.0m 0.05% Added +22.7k +22,669
58 SAPIENT CAPITAL LLC 1.69% of their portfolio INDIANAPOLIS, IN 631,609631.6k $65.3m $65.3m 1.69% First filing
59 Clark Capital Management Group, Inc. 0.52% of their portfolio PHILADELPHIA, PA 617,653617.7k $63.9m $63.9m 0.52% Added +23.0k +22,995
60 DAVENPORT & Co LLC 0.43% of their portfolio RICHMOND, VA 604,774604.8k $62.4m $62.4m 0.43% Added +1.9k +1,917
61 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio BOSTON, MA 601,007601.0k $62.2m $62.2m 0.07% Reduced -682.4k -682,356
62 TRUIST FINANCIAL CORP 0.10% of their portfolio CHARLOTTE, NC 597,059597.1k $61.8m $61.8m 0.10% Added +9.4k +9,450
63 Holocene Advisors, LP 0.24% of their portfolio New York, NY 596,996597.0k $61.8m $61.8m 0.24% New
64 CITIGROUP INC 0.08% of their portfolio NEW YORK, NY 576,744576.7k $59.7m $59.7m 0.08% Added +5.5k +5,475
65 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 558,964559.0k $57.8m $57.8m 0.07% Reduced -392.5k -392,494
66 Harel Insurance Investments & Financial Services Ltd. 1.01% of their portfolio Ramat Gan, L3 557,654557.7k $57.7m $57.7m 1.01% Added +550 +550
67 UBS Group AG 0.02% of their portfolio ZURICH, V8 552,167552.2k $57.1m $57.1m 0.02% Reduced -75.2k -75,223
68 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 545,118545.1k $56.4m $56.4m 0.03% Reduced -2.3k -2,320
69 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.47% of their portfolio IRVING, TX 542,511542.5k $56.1m $56.1m 0.47% Reduced -419.1k -419,077
70 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 538,108538.1k $55.7m $55.7m 0.10% Reduced -106.8k -106,767
71 CITADEL ADVISORS LLC 0.06% of their portfolio MIAMI, FL 535,407535.4k $55.4m $55.4m 0.06% Added +207.0k +207,041
72 CAPITAL FUND MANAGEMENT S.A. 0.69% of their portfolio PARIS, I0 525,451525.5k $54.4m $54.4m 0.69% Added +310.5k +310,478
73 Rockefeller Capital Management L.P. 0.18% of their portfolio NEW YORK, NY 519,187519.2k $53.7m $53.7m 0.18% Added +3.5k +3,457
74 Capital Group Private Client Services, Inc. 0.54% of their portfolio Los Angeles, CA 508,346508.3k $52.6m $52.6m 0.54% Added +64.6k +64,594
75 NICHOLS & PRATT ADVISERS LLP /MA 3.70% of their portfolio BOSTON, MA 502,600502.6k $52.0m $52.0m 3.70% Reduced -6.5k -6,460
76 Raymond James Financial Services Advisors, Inc. 0.08% of their portfolio ST. PETERSBURG, FL 489,510489.5k $50.6m $50.6m 0.08% Added +129.7k +129,739
77 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 488,323488.3k $50.4m $50.4m 0.08% Added +50.1k +50,144
78 Vantage Investment Partners, LLC 4.98% of their portfolio KANSAS CITY, MO 483,110483.1k $50.0m $50.0m 4.98% Added +175.4k +175,378
79 GQG Partners LLC 0.11% of their portfolio FT. LAUDERDALE, FL 481,480481.5k $49.8m $49.8m 0.11% Added +75.3k +75,344
80 Main Street Research LLC 3.88% of their portfolio SAUSALITO, CA 466,846466.8k $48.3m $48.3m 3.88% Reduced -8.5k -8,516
81 MEITAV INVESTMENT HOUSE LTD 0.68% of their portfolio BENE-BERAQ, L3 449,302449.3k $46.5m $46.5m 0.68% Added +40.0k +39,954
82 Reynders McVeigh Capital Management, LLC 2.94% of their portfolio BOSTON, MA 449,106449.1k $46.5m $46.5m 2.94% Reduced -40.1k -40,118
83 Moran Wealth Management, LLC 1.65% of their portfolio NAPLES, FL 448,072448.1k $46.4m $46.4m 1.65% Reduced -2.5k -2,524
84 ASSETMARK, INC 0.16% of their portfolio CONCORD, CA 430,511430.5k $44.5m $44.5m 0.16% Reduced -1.7k -1,734
85 Modera Wealth Management, LLC 0.72% of their portfolio WESTWOOD, NJ 423,460423.5k $43.8m $43.8m 0.72% Reduced -16.2k -16,185
86 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 405,670405.7k $42.0m $42.0m 0.06% Added +11.7k +11,729
87 Balyasny Asset Management L.P. 0.12% of their portfolio Chicago, IL 403,673403.7k $41.8m $41.8m 0.12% New
88 OPPENHEIMER ASSET MANAGEMENT INC. 0.58% of their portfolio NEW YORK, NY 402,056402.1k $41.6m $41.6m 0.58% Added +6.8k +6,808
89 ARMISTICE CAPITAL, LLC 1.09% of their portfolio NEW YORK, NY 396,000396.0k $41.0m $41.0m 1.09% Reduced -40.0k -40,000
90 Cerity Partners LLC 0.13% of their portfolio NEW YORK, NY 377,032377.0k $39.0m $39.0m 0.13% Added +157.8k +157,788
91 Qube Research & Technologies Ltd 0.08% of their portfolio LONDON, X0 357,770357.8k $37.0m $37.0m 0.08% Reduced -236.6k -236,554
92 Connor, Clark & Lunn Investment Management Ltd. 0.17% of their portfolio VANCOUVER, A1 353,769353.8k $36.6m $36.6m 0.17% Added +281.3k +281,333
93 CIBC WORLD MARKET INC. 0.10% of their portfolio TORONTO, A6 350,450350.4k $36.3m $36.3m 0.10% Reduced -11.1k -11,070
94 TOWNSQUARE CAPITAL LLC 0.61% of their portfolio Lehi, UT 342,200342.2k $35.4m $35.4m 0.61% Reduced -17.6k -17,552
95 BEACON INVESTMENT ADVISORY SERVICES, INC. 1.57% of their portfolio MORRISTOWN, NJ 333,020333.0k $34.5m $34.5m 1.57% Reduced -6.8k -6,816
96 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 331,875331.9k $34.3m $34.3m 0.04% Added +143.9k +143,908
97 VAN ECK ASSOCIATES CORP 0.06% of their portfolio NEW YORK, NY 324,737324.7k $33.6m $33.6m 0.06% Added +51.5k +51,451
98 Calamos Advisors LLC 0.17% of their portfolio NAPERVILLE, IL 323,754323.8k $33.5m $33.5m 0.17% Reduced -8.6k -8,584
99 Penbrook Management LLC 21.77% of their portfolio NEW YORK, NY 313,200313.2k $32.4m $32.4m 21.77% Reduced -4.0k -4,000
100 COATUE MANAGEMENT LLC 0.13% of their portfolio New York, NY 311,011311.0k $32.2m $32.2m 0.13% Reduced -179.7k -179,705