Vault-13

NOVO-NORDISK A S NVO

ADR · ADR · CUSIP 670100205 · ISIN US6701002056

1,744 institutional holders +233 vs Q4 2023
354,043,890354.0m shares reported held*
$45.5bnreported value*
289 new 727 added 484 reduced 72 sold out net bought ≈ $3.8bn (+29.9m 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 ($83.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $128.59. Options: 43 managers hold calls ($1.0bn notional), 27 hold puts ($1.1bn).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 907Q4 22: 1,049Q1 23: 1,148Q2 23: 1,198Q3 23: 1,311Q4 23: 1,511Q1 24: 1,7441,744Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022907
Q4 20221,049
Q1 20231,148
Q2 20231,198
Q3 20231,311
Q4 20231,511
Q1 20241,744

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ4 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 23Q1 24: 1,016 bought or addedQ1 24: 556 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022445401
Q1 2023486481
Q2 2023569475
Q3 2023674468
Q4 2023766506
Q1 20241,016556

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ2 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 0.83Q1 24 calls: $1.0bnQ1 24 puts: $1.1bnQ1 24P/C 1.12
Numbers
QuarterCallsPutsP/C
Q2 2023$486.2m$447.9m0.92
Q3 2023$668.3m$1.1bn1.60
Q4 2023$719.3m$595.9m0.83
Q1 2024$1.0bn$1.1bn1.12

Biggest buyers

MORGAN STANLEY Added +14,805,937+14.8m
FMR LLC Added +4,941,097+4.9m
GQG Partners LLC Added +3,151,584+3.2m
JPMORGAN CHASE & CO Added +1,755,502+1.8m
ROYAL BANK OF CANADA Added +1,722,038+1.7m
ACADIAN ASSET MANAGEMENT LLC Added +1,155,313+1.2m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +886,667+886.7k
PRICE T ROWE ASSOCIATES INC /MD/ Added +823,036+823.0k
CITIGROUP INC Added +731,539+731.5k
GROUPAMA ASSET MANAGMENT New +693,962+694.0k

Biggest sellers

RENAISSANCE TECHNOLOGIES LLC Reduced -3,063,261-3.1m
BlackRock Inc. Reduced -1,732,848-1.7m
JENNISON ASSOCIATES LLC Reduced -1,443,158-1.4m
SOROS FUND MANAGEMENT LLC Reduced -757,214-757.2k
MILLENNIUM MANAGEMENT LLC Reduced -669,637-669.6k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -601,007-601.0k
Holocene Advisors, LP Sold out -596,996-597.0k
Harel Insurance Investments & Financial Services Ltd. Reduced -553,562-553.6k
MEITAV INVESTMENT HOUSE LTD Sold out -449,302-449.3k
Fisher Asset Management, LLC Reduced -404,880-404.9k

Biggest calls

CITADEL ADVISORS LLC Added $174.1m1.4m shares
BlackRock Inc. New $143.8m1.1m shares
SIMPLEX TRADING, LLC Added $107.4m836.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $103.5m806.3k shares
Optiver Holding B.V. Added $94.8m738.2k shares
IMC-Chicago, LLC Added $62.8m489.3k shares
WOLVERINE TRADING, LLC Added $47.3m368.2k shares
JANE STREET GROUP, LLC Added $43.1m335.5k shares
LMR Partners LLP Added $28.4m220.9k shares
GROUP ONE TRADING LLC Reduced $21.2m165.4k shares

Biggest puts

CITADEL ADVISORS LLC Added $254.6m2.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $243.0m1.9m shares
Optiver Holding B.V. Added $176.8m1.4m shares
SIMPLEX TRADING, LLC Added $132.0m1.0m shares
JANE STREET GROUP, LLC Added $95.6m744.5k shares
IMC-Chicago, LLC Added $57.6m448.7k shares
NATIONAL BANK OF CANADA /FI/ New $28.4m2.2k shares
WOLVERINE TRADING, LLC Added $20.3m158.0k shares
Walleye Capital LLC Reduced $19.8m154.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $17.7m138.1k 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 Q1 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 Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.12% of their portfolio NEW YORK, NY 36,035,55936.0m $4.6bn $4.6bn 0.12% Added +14.8m +14,805,937
2 JENNISON ASSOCIATES LLC 1.81% of their portfolio NEW YORK, NY 21,084,61421.1m $2.7bn $2.7bn 1.81% Reduced -1.4m -1,443,158
3 FMR LLC 0.15% of their portfolio BOSTON, MA 17,604,32217.6m $2.3bn $2.3bn 0.15% Added +4.9m +4,941,097
4 Fisher Asset Management, LLC 0.82% of their portfolio PLANO, TX 13,724,71813.7m $1.8bn $1.8bn 0.82% Reduced -404.9k -404,880
5 BANK OF AMERICA CORP /DE/ 0.17% of their portfolio CHARLOTTE, NC 13,053,73113.1m $1.7bn $1.7bn 0.17% Added +78.3k +78,322
6 Fayez Sarofim & Co 4.52% of their portfolio Houston, TX 11,815,83711.8m $1.5bn $1.5bn 4.52% Added +1.8k +1,786
7 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 11,239,15011.2m $1.4bn $1.4bn 0.06% Added +1.8m +1,755,502
8 RENAISSANCE TECHNOLOGIES LLC 2.18% of their portfolio NEW YORK, NY 10,786,07410.8m $1.4bn $1.4bn 2.18% Reduced -3.1m -3,063,261
9 LOOMIS SAYLES & CO L P 1.62% of their portfolio BOSTON, MA 8,852,5328.9m $1.1bn $1.1bn 1.62% Reduced -150.8k -150,793
10 FOLKETRYGDFONDET 24.39% of their portfolio OSLO, Q8 8,756,0348.8m $1.1bn $1.1bn 24.39% Added +124.8k +124,770
11 PRICE T ROWE ASSOCIATES INC /MD/ 0.14% of their portfolio BALTIMORE, MD 8,589,2228.6m $1.1bn $1.1bn 0.14% Added +823.0k +823,036
12 POLEN CAPITAL MANAGEMENT LLC 2.30% of their portfolio Boca Raton, FL 7,768,7797.8m $997.5m $997.5m 2.30% Reduced -189.7k -189,665
13 Capital International Investors 0.18% of their portfolio Los Angeles, CA 7,085,3337.1m $909.8m $909.8m 0.18% Reduced -29.6k -29,598
14 STATE STREET CORP 0.04% of their portfolio BOSTON, MA 6,573,6906.6m $850.2m $850.2m 0.04% Added +8.8k +8,797
15 EVERETT HARRIS & CO /CA/ 11.05% of their portfolio LOS ANGELES, CA 6,497,3726.5m $834.3m $834.3m 11.05% Reduced -15.4k -15,417
16 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.71% of their portfolio BLOOMINGTON, IL 6,142,7786.1m $788.7m $788.7m 0.71% Unchanged
17 BlackRock Inc. 0.02% of their portfolio New York, NY 5,565,0715.6m $714.6m $714.6m 0.02% Reduced -1.7m -1,732,848
18 ROYAL BANK OF CANADA 0.17% of their portfolio TORONTO, A6 5,496,7575.5m $705.8m $705.8m 0.17% Added +1.7m +1,722,038
19 GOLDMAN SACHS GROUP INC 0.14% of their portfolio NEW YORK, NY 5,161,0515.2m $662.7m $662.7m 0.14% Added +533.7k +533,716
20 ENVESTNET ASSET MANAGEMENT INC 0.20% of their portfolio Berwyn, PA 4,195,2454.2m $538.7m $538.7m 0.20% Reduced -18.7k -18,733
21 WCM INVESTMENT MANAGEMENT, LLC 1.24% of their portfolio LAGUNA BEACH, CA 4,077,7974.1m $523.6m $523.6m 1.24% Reduced -142.4k -142,401
22 WELLS FARGO & COMPANY/MN 0.13% of their portfolio SAN FRANCISCO, CA 3,954,0004.0m $507.7m $507.7m 0.13% Added +154.8k +154,751
23 Capital World Investors 0.08% of their portfolio LOS ANGELES, CA 3,928,4223.9m $504.4m $504.4m 0.08% Reduced -43.0k -42,995
24 Sustainable Growth Advisers, LP 2.05% of their portfolio STAMFORD, CT 3,808,4623.8m $489.0m $489.0m 2.05% Reduced -196.8k -196,815
25 Nuveen Asset Management, LLC 0.14% of their portfolio CHICAGO, IL 3,672,2863.7m $471.8m $471.8m 0.14% Added +525.2k +525,211
26 GQG Partners LLC 0.75% of their portfolio FT. LAUDERDALE, FL 3,633,0643.6m $466.5m $466.5m 0.75% Added +3.2m +3,151,584
27 NORTHERN TRUST CORP 0.08% of their portfolio CHICAGO, IL 3,529,7093.5m $453.2m $453.2m 0.08% Reduced -6.2k -6,168
28 RAYMOND JAMES & ASSOCIATES 0.27% of their portfolio ST PETERSBURG, FL 3,143,7313.1m $403.7m $403.7m 0.27% Added +344.0k +344,049
29 NATIXIS ADVISORS, LLC 0.88% of their portfolio Boston, MA 2,993,9603.0m $384.4m $384.4m 0.88% Reduced -58.4k -58,446
30 1832 Asset Management L.P. 0.56% of their portfolio TORONTO, A6 2,373,0292.4m $304.7m $304.7m 0.56% Added +172.0k +172,003
31 Clearbridge Investments, LLC 0.23% of their portfolio NEW YORK, NY 2,226,8172.2m $285.9m $285.9m 0.23% Reduced -87.4k -87,444
32 Amundi 0.11% of their portfolio Paris, I0 2,162,6132.2m $265.6m $265.6m 0.11% Added +671.4k +671,375
33 Markel Group Inc. 2.72% of their portfolio Glen Allen, VA 2,150,0002.1m $276.1m $276.1m 2.72% Unchanged
34 SATURNA CAPITAL CORP 3.79% of their portfolio BELLINGHAM, WA 2,139,6912.1m $274.7m $274.7m 3.79% Added +12.9k +12,917
35 DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio AUSTIN, TX 1,748,3431.7m $224.5m $224.5m 0.06% Reduced -26.5k -26,456
36 STIFEL FINANCIAL CORP 0.25% of their portfolio ST. LOUIS, MO 1,697,3161.7m $217.9m $217.9m 0.25% Added +72.2k +72,189
37 AMERICAN CENTURY COMPANIES INC 0.11% of their portfolio KANSAS CITY, MO 1,393,3131.4m $178.9m $178.9m 0.11% Added +126.9k +126,855
38 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 1,388,6011.4m $178.6m $178.6m 0.06% Added +48.1k +48,093
39 Thrivent Financial for Lutherans 0.34% of their portfolio Minneapolis, MN 1,335,7691.3m $171.5m $171.5m 0.34% Reduced -67.6k -67,624
40 JANUS HENDERSON GROUP PLC 0.09% of their portfolio LONDON, X0 1,317,7101.3m $169.2m $169.2m 0.09% Reduced -251.9k -251,854
41 CITIGROUP INC 0.18% of their portfolio NEW YORK, NY 1,308,2831.3m $168.0m $168.0m 0.18% Added +731.5k +731,539
42 Corient Private Wealth LP 0.30% of their portfolio MIAMI, FL 1,300,9921.3m $167.0m $167.0m 0.30% Added +52.8k +52,777
43 TIGER GLOBAL MANAGEMENT LLC 0.89% of their portfolio New York, NY 1,269,0001.3m $162.9m $162.9m 0.89% Unchanged
44 ACADIAN ASSET MANAGEMENT LLC 0.56% of their portfolio Boston, MA 1,244,1281.2m $159.7m $159.7m 0.56% Added +1.2m +1,155,313
45 LAZARD ASSET MANAGEMENT LLC 0.19% of their portfolio NEW YORK, NY 1,237,8861.2m $158.9m $158.9m 0.19% Reduced -221.3k -221,308
46 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 1,174,6151.2m $150.8m $150.8m 0.08% Added +237.4k +237,444
47 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,100,5401.1m $141.4m $141.4m 0.04% Added +38.3k +38,302
48 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.21% of their portfolio BALA CYNWYD, PA 1,075,6821.1m $138.1m $138.1m 0.21% Added +886.7k +886,667
49 TD Asset Management Inc 0.13% of their portfolio Toronto, A6 1,074,0221.1m $137.9m $137.9m 0.13% Added +105.5k +105,523
50 CITADEL ADVISORS LLC 0.12% of their portfolio MIAMI, FL 968,824968.8k $124.4m $124.4m 0.12% Added +433.4k +433,417
51 Baird Financial Group, Inc. 0.24% of their portfolio MILWAUKEE, WI 896,012896.0k $115.0m $115.0m 0.24% Added +42.7k +42,733
52 Artisan Partners Limited Partnership 0.16% of their portfolio Milwaukee, WI 873,505873.5k $112.2m $112.2m 0.16% Reduced -379.0k -378,955
53 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 853,653853.7k $109.6m $109.6m 0.02% Added +97.1k +97,147
54 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.20% of their portfolio Boston, MA 817,826817.8k $105.0m $105.0m 0.20% Added +3.4k +3,434
55 SOROS FUND MANAGEMENT LLC 2.38% of their portfolio NEW YORK, NY 797,616797.6k $102.4m $102.4m 2.38% Reduced -757.2k -757,214
56 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 794,743794.7k $102.0m $102.0m 0.02% Reduced -7.1k -7,134
57 Saratoga Research & Investment Management 4.57% of their portfolio SARATOGA, CA 783,791783.8k $100.6m $100.6m 4.57% Reduced -43.8k -43,803
58 CAPITAL FUND MANAGEMENT S.A. 1.21% of their portfolio PARIS, I0 769,016769.0k $98.7m $98.7m 1.21% Added +243.6k +243,565
59 UBS Group AG 0.03% of their portfolio ZURICH, V8 765,653765.7k $98.3m $98.3m 0.03% Added +213.5k +213,486
60 THORNBURG INVESTMENT MANAGEMENT INC 1.36% of their portfolio SANTA FE, NM 761,713761.7k $97.8m $97.8m 1.36% Reduced -96.5k -96,497
61 SEI INVESTMENTS CO 0.14% of their portfolio OAKS, PA 754,776754.8k $96.9m $96.9m 0.14% Reduced -52.7k -52,662
62 Qube Research & Technologies Ltd 0.17% of their portfolio LONDON, X0 720,131720.1k $92.5m $92.5m 0.17% Added +362.4k +362,361
63 GROUPAMA ASSET MANAGMENT 3.13% of their portfolio PARIS, I0 693,962694.0k $171.8m $171.8m 3.13% New
64 Artia Global Partners LP 21.79% of their portfolio MIAMI, FL 691,743691.7k $88.8m $88.8m 21.79% Reduced -29.8k -29,764
65 Cerity Partners LLC 0.22% of their portfolio NEW YORK, NY 653,319653.3k $83.9m $83.9m 0.22% Added +276.3k +276,287
66 Clark Capital Management Group, Inc. 0.61% of their portfolio PHILADELPHIA, PA 634,738634.7k $81.5m $81.5m 0.61% Added +17.1k +17,085
67 SAPIENT CAPITAL LLC 1.81% of their portfolio INDIANAPOLIS, IN 630,228630.2k $81.5m $81.5m 1.81% Reduced -1.4k -1,381
68 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 619,968620.0k $79.6m $79.6m 0.03% Added +74.8k +74,850
69 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 619,688619.7k $79.6m $79.6m 0.12% Added +22.6k +22,629
70 Sofinnova Investments, Inc. 4.64% of their portfolio Menlo Park, CA 611,884611.9k $78.6m $78.6m 4.64% New
71 DAVENPORT & Co LLC 0.48% of their portfolio RICHMOND, VA 604,472604.5k $77.3m $77.3m 0.48% Reduced -302 -302
72 Vantage Investment Partners, LLC 6.88% of their portfolio KANSAS CITY, MO 599,791599.8k $77.0m $77.0m 6.88% Added +116.7k +116,681
73 Ensign Peak Advisors, Inc 0.14% of their portfolio SALT LAKE CITY, UT 593,010593.0k $76.1m $76.1m 0.14% New
74 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 575,480575.5k $73.9m $73.9m 0.05% Reduced -72.1k -72,134
75 Rockefeller Capital Management L.P. 0.22% of their portfolio NEW YORK, NY 575,185575.2k $73.9m $73.9m 0.22% Added +56.0k +55,998
76 Raymond James Financial Services Advisors, Inc. 0.10% of their portfolio ST. PETERSBURG, FL 541,354541.4k $69.5m $69.5m 0.10% Added +51.8k +51,844
77 FIRST TRUST ADVISORS LP 0.07% of their portfolio Wheaton, IL 512,232512.2k $65.8m $65.8m 0.07% Added +441.3k +441,343
78 NICHOLS & PRATT ADVISERS LLP /MA 4.29% of their portfolio BOSTON, MA 496,520496.5k $63.7m $63.7m 4.29% Reduced -6.1k -6,080
79 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.51% of their portfolio IRVING, TX 481,122481.1k $61.8m $61.8m 0.51% Reduced -61.4k -61,389
80 HighTower Advisors, LLC 0.10% of their portfolio CHICAGO, IL 478,668478.7k $61.5m $61.5m 0.10% Reduced -9.7k -9,655
81 Main Street Research LLC 4.06% of their portfolio SAUSALITO, CA 462,312462.3k $59.8m $59.8m 4.06% Reduced -4.5k -4,534
82 Russell Investments Group, Ltd. 0.09% of their portfolio Seattle, WA 455,329455.3k $58.4m $58.4m 0.09% Added +301.4k +301,361
83 SG Americas Securities, LLC 0.30% of their portfolio NEW YORK, NY 453,280453.3k $58.2m $58.2m 0.30% Added +315.2k +315,191
84 Reynders McVeigh Capital Management, LLC 3.32% of their portfolio BOSTON, MA 448,673448.7k $57.6m $57.6m 3.32% Reduced -433 -433
85 NATIONAL BANK OF CANADA /FI/ 0.10% of their portfolio MONTREAL, A8 444,651444.7k $57.1m $57.1m 0.10% Added +264.2k +264,155
86 Moran Wealth Management, LLC 1.83% of their portfolio NAPLES, FL 440,150440.1k $56.5m $56.5m 1.83% Reduced -7.9k -7,922
87 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 423,927423.9k $54.4m $54.4m 0.07% Added +348.3k +348,291
88 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 423,864423.9k $54.4m $54.4m 0.06% Added +92.0k +91,989
89 ASSETMARK, INC 0.17% of their portfolio CONCORD, CA 418,784418.8k $53.8m $53.8m 0.17% Reduced -11.7k -11,727
90 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 408,783408.8k $52.5m $52.5m 0.09% Added +172.2k +172,206
91 VAN ECK ASSOCIATES CORP 0.08% of their portfolio NEW YORK, NY 407,901407.9k $52.4m $52.4m 0.08% Added +83.2k +83,164
92 Modera Wealth Management, LLC 0.79% of their portfolio WESTWOOD, NJ 405,255405.3k $52.0m $52.0m 0.79% Reduced -18.2k -18,205
93 ARMISTICE CAPITAL, LLC 1.37% of their portfolio NEW YORK, NY 400,000400.0k $51.4m $51.4m 1.37% Added +4.0k +4,000
94 US BANCORP \DE\ 0.07% of their portfolio MINNEAPOLIS, MN 394,182394.2k $50.6m $50.6m 0.07% Reduced -11.5k -11,488
95 CIBC WORLD MARKET INC. 0.13% of their portfolio TORONTO, A6 386,260386.3k $49.6m $49.6m 0.13% Added +35.8k +35,810
96 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 363,838363.8k $46.7m $46.7m 0.10% Reduced -174.3k -174,270
97 OPPENHEIMER ASSET MANAGEMENT INC. 0.65% of their portfolio NEW YORK, NY 344,495344.5k $44.2m $44.2m 0.65% Reduced -57.6k -57,561
98 TOWNSQUARE CAPITAL LLC 0.65% of their portfolio Lehi, UT 343,656343.7k $44.1m $44.1m 0.65% Added +1.5k +1,456
99 Capital Group Private Client Services, Inc. 0.44% of their portfolio Los Angeles, CA 334,077334.1k $42.9m $42.9m 0.44% Reduced -174.3k -174,269
100 Janney Montgomery Scott LLC 0.13% of their portfolio PHILADELPHIA, PA 331,751331.8k $42.6m $42.6m 0.13% Added +26.6k +26,573