Vault-13

NOVO-NORDISK A S NVO

ADR · ADR · CUSIP 670100205 · ISIN US6701002056

1,668 institutional holders -118 vs Q3 2024
337,740,839337.7m shares reported held*
$29.1bnreported value*
94 new 601 added 642 reduced 290 sold out net sold ≈ $32.5m (-2.9m 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 ($62.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $86.10. Options: 63 managers hold calls ($1.3bn notional), 49 hold puts ($1.2bn).

Trends to Q4 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: 1,744Q2 24: 1,865Q3 24: 1,786Q4 24: 1,6681,668Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022907
Q4 20221,049
Q1 20231,148
Q2 20231,198
Q3 20231,311
Q4 20231,511
Q1 20241,744
Q2 20241,865
Q3 20241,786
Q4 20241,668

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ1 23: 486 bought or addedQ1 23: 481 cut or sold outQ2 23: 569 bought or addedQ2 23: 475 cut or sold outQ2 23Q3 23: 674 bought or addedQ3 23: 468 cut or sold outQ4 23: 766 bought or addedQ4 23: 506 cut or sold outQ4 23Q1 24: 1,016 bought or addedQ1 24: 556 cut or sold outQ2 24: 952 bought or addedQ2 24: 665 cut or sold outQ2 24Q3 24: 825 bought or addedQ3 24: 854 cut or sold outQ4 24: 695 bought or addedQ4 24: 932 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023486481
Q2 2023569475
Q3 2023674468
Q4 2023766506
Q1 20241,016556
Q2 2024952665
Q3 2024825854
Q4 2024695932

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ1 24 calls: $1.0bnQ1 24 puts: $1.1bnQ1 24P/C 1.12Q2 24 calls: $1.1bnQ2 24 puts: $1.1bnQ2 24P/C 1.04Q3 24 calls: $790.6mQ3 24 puts: $1.2bnQ3 24P/C 1.47Q4 24 calls: $1.3bnQ4 24 puts: $1.2bnQ4 24P/C 0.94
Numbers
QuarterCallsPutsP/C
Q1 2024$1.0bn$1.1bn1.12
Q2 2024$1.1bn$1.1bn1.04
Q3 2024$790.6m$1.2bn1.47
Q4 2024$1.3bn$1.2bn0.94

Biggest buyers

GQG Partners LLC Added +5,556,460+5.6m
LOOMIS SAYLES & CO L P Added +2,947,771+2.9m
Nuveen Asset Management, LLC Added +2,639,693+2.6m
TWO SIGMA INVESTMENTS, LP New +1,844,423+1.8m
Clearbridge Investments, LLC Added +1,602,549+1.6m
BANK OF AMERICA CORP /DE/ Added +1,165,955+1.2m
D. E. Shaw & Co., Inc. Added +1,149,403+1.1m
Sustainable Growth Advisers, LP Added +1,021,498+1.0m
NORTHERN TRUST CORP Added +991,022+991.0k
MARSHALL WACE, LLP Added +986,195+986.2k

Biggest sellers

FMR LLC Reduced -7,909,693-7.9m
JPMORGAN CHASE & CO Reduced -5,228,713-5.2m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -3,238,317-3.2m
MORGAN STANLEY Reduced -2,161,110-2.2m
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Reduced -1,793,663-1.8m
Fayez Sarofim & Co Reduced -832,637-832.6k
Mediolanum International Funds Ltd Sold out -828,479-828.5k
ADAGE CAPITAL PARTNERS GP, L.L.C. Sold out -794,125-794.1k
Sofinnova Investments, Inc. Sold out -726,329-726.3k
Fisher Asset Management, LLC Reduced -664,985-665.0k

Biggest calls

CITADEL ADVISORS LLC Added $212.6m2.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $163.0m1.9m shares
IMC-Chicago, LLC Added $111.4m1.3m shares
JANE STREET GROUP, LLC Added $109.5m1.3m shares
SIMPLEX TRADING, LLC Added $95.6m1.1m shares
GOLDMAN SACHS GROUP INC Added $76.4m888.4k shares
Optiver Holding B.V. Added $45.6m529.9k shares
Balyasny Asset Management L.P. New $43.0m500.1k shares
GROUP ONE TRADING LLC Added $41.9m486.6k shares
WOLVERINE TRADING, LLC Added $38.5m449.6k shares

Biggest puts

CITADEL ADVISORS LLC Added $196.4m2.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $141.9m1.7m shares
SIMPLEX TRADING, LLC Added $79.6m925.4k shares
Optiver Holding B.V. Added $72.3m840.9k shares
Point72 Asset Management, L.P. New $68.8m800.0k shares
JANE STREET GROUP, LLC Added $55.0m639.8k shares
IMC-Chicago, LLC Added $52.7m612.8k shares
D. E. Shaw & Co., Inc. Added $52.1m606.2k shares
Hudson Bay Capital Management LP New $47.3m550.0k shares
BARCLAYS PLC Reduced $46.8m544.4k 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 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 Q4 2024.

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JENNISON ASSOCIATES LLC 1.04% of their portfolio NEW YORK, NY 19,944,80919.9m $1.7bn $1.7bn 1.04% Reduced -251.1k -251,148
2 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 15,492,38415.5m $1.3bn $1.3bn 0.12% Added +1.2m +1,165,955
3 GQG Partners LLC 1.66% of their portfolio FT. LAUDERDALE, FL 12,994,53313.0m $1.1bn $1.1bn 1.66% Added +5.6m +5,556,460
4 Fisher Asset Management, LLC 0.43% of their portfolio PLANO, TX 12,640,48912.6m $1.1bn $1.1bn 0.43% Reduced -665.0k -664,985
5 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 12,204,29212.2m $1.0bn $1.0bn 0.07% Reduced -2.2m -2,161,110
6 LOOMIS SAYLES & CO L P 1.26% of their portfolio BOSTON, MA 11,571,68611.6m $995.4m $995.4m 1.26% Added +2.9m +2,947,771
7 Fayez Sarofim & Co 2.38% of their portfolio Houston, TX 11,384,48111.4m $979.3m $979.3m 2.38% Reduced -832.6k -832,637
8 FMR LLC 0.05% of their portfolio BOSTON, MA 10,021,88410.0m $862.1m $862.1m 0.05% Reduced -7.9m -7,909,693
9 FOLKETRYGDFONDET 17.20% of their portfolio OSLO, Q8 8,903,9388.9m $765.9m $765.9m 17.20% Added +40.3k +40,313
10 RENAISSANCE TECHNOLOGIES LLC 1.06% of their portfolio NEW YORK, NY 8,312,9968.3m $715.1m $715.1m 1.06% Added +123.7k +123,681
11 Capital International Investors 0.11% of their portfolio Los Angeles, CA 6,754,4206.8m $579.9m $579.9m 0.11% Reduced -204.6k -204,594
12 EVERETT HARRIS & CO /CA/ 7.01% of their portfolio LOS ANGELES, CA 6,453,0896.5m $555.1m $555.1m 7.01% Added +14.5k +14,475
13 POLEN CAPITAL MANAGEMENT LLC 1.49% of their portfolio Boca Raton, FL 6,405,7486.4m $551.0m $551.0m 1.49% Reduced -448.9k -448,911
14 PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio BALTIMORE, MD 6,345,1186.3m $545.8m $545.8m 0.06% Reduced -3.2m -3,238,317
15 Nuveen Asset Management, LLC 0.15% of their portfolio CHICAGO, IL 6,244,9316.2m $537.2m $537.2m 0.15% Added +2.6m +2,639,693
16 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.48% of their portfolio BLOOMINGTON, IL 6,142,7786.1m $528.4m $528.4m 0.48% Unchanged
17 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 6,055,7946.1m $520.9m $520.9m 0.02% Reduced -171.6k -171,567
18 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 5,589,7435.6m $480.8m $480.8m 0.04% Reduced -5.2m -5,228,713
19 ROYAL BANK OF CANADA 0.10% of their portfolio TORONTO, A6 5,460,7335.5m $469.7m $469.7m 0.10% Reduced -543.4k -543,387
20 Sustainable Growth Advisers, LP 2.30% of their portfolio STAMFORD, CT 5,340,8035.3m $459.4m $459.4m 2.30% Added +1.0m +1,021,498
21 BlackRock, Inc. 0.01% of their portfolio New York, NY 4,893,6064.9m $420.9m $420.9m 0.01% Reduced -620.6k -620,558
22 RAYMOND JAMES FINANCIAL INC 0.15% of their portfolio ST. PETERSBURG, FL 4,707,1664.7m $404.9m $404.9m 0.15% First filing
23 NORTHERN TRUST CORP 0.06% of their portfolio CHICAGO, IL 4,689,0984.7m $403.4m $403.4m 0.06% Added +991.0k +991,022
24 Capital World Investors 0.06% of their portfolio LOS ANGELES, CA 4,446,0194.4m $382.4m $382.4m 0.06% Reduced -8.0k -7,997
25 Clearbridge Investments, LLC 0.30% of their portfolio NEW YORK, NY 4,283,3174.3m $368.5m $368.5m 0.30% Added +1.6m +1,602,549
26 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 4,247,1544.2m $365.3m $365.3m 0.07% Reduced -262.6k -262,649
27 ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio Berwyn, PA 4,167,6834.2m $358.5m $358.5m 0.12% Reduced -111.0k -110,977
28 WCM INVESTMENT MANAGEMENT, LLC 0.81% of their portfolio LAGUNA BEACH, CA 4,031,1244.0m $345.6m $345.6m 0.81% Added +40.5k +40,475
29 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 3,673,1153.7m $316.0m $316.0m 0.08% Reduced -395.7k -395,739
30 Amundi 0.10% of their portfolio Paris, I0 3,311,4563.3m $283.6m $283.6m 0.10% Added +692.6k +692,567
31 NATIXIS ADVISORS, LLC 0.49% of their portfolio Boston, MA 3,024,0133.0m $260.1m $260.1m 0.49% Reduced -50.9k -50,863
32 Magellan Asset Management Ltd 2.66% of their portfolio Sydney, C3 2,812,7812.8m $242.0m $242.0m 2.66% Added +401.0k +400,953
33 Markel Group Inc. 1.63% of their portfolio Glen Allen, VA 2,150,0002.1m $184.9m $184.9m 1.63% Unchanged
34 SATURNA CAPITAL CORP 2.46% of their portfolio BELLINGHAM, WA 2,111,9482.1m $181.7m $181.7m 2.46% Reduced -20.1k -20,090
35 D. E. Shaw & Co., Inc. 0.19% of their portfolio New York, NY 2,054,9882.1m $176.8m $176.8m 0.19% Added +1.1m +1,149,403
36 DSM CAPITAL PARTNERS LLC 2.67% of their portfolio Palm Beach Gardens, FL 2,007,4122.0m $172.7m $172.7m 2.67% Added +286.9k +286,912
37 TWO SIGMA INVESTMENTS, LP 0.37% of their portfolio NEW YORK, NY 1,844,4231.8m $158.7m $158.7m 0.37% New
38 BANK OF MONTREAL /CAN/ 0.07% of their portfolio TORONTO, A6 1,722,9371.7m $148.2m $148.2m 0.07% Added +601.8k +601,845
39 CITIGROUP INC 0.13% of their portfolio NEW YORK, NY 1,611,5661.6m $138.6m $138.6m 0.13% Added +252.4k +252,412
40 STIFEL FINANCIAL CORP 0.14% of their portfolio ST. LOUIS, MO 1,517,1671.5m $130.5m $130.5m 0.14% Reduced -240.1k -240,123
41 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 1,483,7691.5m $127.6m $127.6m 0.03% Reduced -159.6k -159,635
42 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,476,6381.5m $127.0m $127.0m 0.03% Added +518.9k +518,914
43 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.44% of their portfolio JUPITER, FL 1,452,1721.5m $124.9m $124.9m 0.44% Added +834.0k +833,966
44 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,356,0671.4m $116.6m $116.6m 0.05% Reduced -6.7k -6,715
45 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,318,7161.3m $113.3m $113.3m 0.03% Added +114.2k +114,228
46 AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio KANSAS CITY, MO 1,281,1611.3m $110.2m $110.2m 0.06% Reduced -186.8k -186,802
47 Corient Private Wealth LP 0.18% of their portfolio MIAMI, FL 1,276,7101.3m $106.6m $106.6m 0.18% Reduced -120.9k -120,864
48 TIGER GLOBAL MANAGEMENT LLC 0.41% of their portfolio New York, NY 1,269,0001.3m $109.2m $109.2m 0.41% Unchanged
49 LAZARD ASSET MANAGEMENT LLC 0.16% of their portfolio NEW YORK, NY 1,267,8731.3m $109.1m $109.1m 0.16% Reduced -45.5k -45,550
50 MARSHALL WACE, LLP 0.13% of their portfolio LONDON, X0 1,167,4981.2m $100.4m $100.4m 0.13% Added +986.2k +986,195
51 JANE STREET GROUP, LLC 0.15% of their portfolio NEW YORK, NY 1,076,1981.1m $92.6m $92.6m 0.15% Added +974.9k +974,883
52 DAVENPORT & Co LLC 0.53% of their portfolio RICHMOND, VA 1,052,7121.1m $90.5m $90.5m 0.53% Added +451.6k +451,641
53 BARCLAYS PLC 0.04% of their portfolio LONDON, X0 1,047,3001.0m $90.1m $90.1m 0.04% Added +605.7k +605,681
54 TWO SIGMA ADVISERS, LP 0.20% of their portfolio NEW YORK, NY 1,021,7001.0m $87.9m $87.9m 0.20% Added +885.3k +885,300
55 Baird Financial Group, Inc. 0.14% of their portfolio MILWAUKEE, WI 865,877865.9k $74.5m $74.5m 0.14% Added +3.3k +3,283
56 Qube Research & Technologies Ltd 0.12% of their portfolio LONDON, X0 855,142855.1k $73.6m $73.6m 0.12% Added +192.9k +192,899
57 MENORA MIVTACHIM HOLDINGS LTD. 0.45% of their portfolio Ramat Gan, L3 842,968843.0k $72.5m $72.5m 0.45% New
58 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 830,435830.4k $71.4m $71.4m 0.01% Added +477.6k +477,557
59 Focus Partners Wealth 0.09% of their portfolio ST LOUIS, MO 794,164794.2k $70.3m $70.3m 0.09% Added +292.2k +292,218
60 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 791,998792.0k $68.1m $68.1m 0.01% Reduced -21.4k -21,423
61 Cerity Partners LLC 0.15% of their portfolio NEW YORK, NY 757,719757.7k $69.3m $69.3m 0.15% Reduced -32.9k -32,917
62 NATIONAL BANK OF CANADA /FI/ 0.08% of their portfolio MONTREAL, A8 742,521742.5k $63.9m $63.9m 0.08% Added +463.5k +463,493
63 Mirae Asset Global Investments Co., Ltd. 0.26% of their portfolio SEOUL, M5 729,965730.0k $63.2m $63.2m 0.26% Added +254.5k +254,475
64 Balyasny Asset Management L.P. 0.15% of their portfolio Chicago, IL 727,514727.5k $62.6m $62.6m 0.15% Added +202.2k +202,223
65 CAPITAL FUND MANAGEMENT S.A. 0.62% of their portfolio PARIS, I0 724,350724.4k $62.3m $62.3m 0.62% Added +237.9k +237,950
66 THORNBURG INVESTMENT MANAGEMENT INC 0.82% of their portfolio SANTA FE, NM 721,148721.1k $62.0m $62.0m 0.82% Reduced -38.0k -38,043
67 ARMISTICE CAPITAL, LLC 1.42% of their portfolio NEW YORK, NY 712,000712.0k $61.2m $61.2m 1.42% Added +147.0k +147,000
68 Saratoga Research & Investment Management 3.04% of their portfolio SARATOGA, CA 700,634700.6k $60.3m $60.3m 3.04% Reduced -7.9k -7,885
69 CIBC WORLD MARKET INC. 0.13% of their portfolio TORONTO, A6 658,463658.5k $56.6m $56.6m 0.13% Added +38.7k +38,689
70 SAPIENT CAPITAL LLC 1.07% of their portfolio INDIANAPOLIS, IN 651,855651.9k $56.1m $56.1m 1.07% Added +11.6k +11,576
71 Russell Investments Group, Ltd. 0.08% of their portfolio Seattle, WA 650,663650.7k $56.0m $56.0m 0.08% Added +291.5k +291,524
72 Hudson Bay Capital Management LP 0.33% of their portfolio STAMFORD, CT 642,000642.0k $55.2m $55.2m 0.33% Added +522.8k +522,774
73 SEI INVESTMENTS CO 0.07% of their portfolio OAKS, PA 640,449640.4k $55.1m $55.1m 0.07% Reduced -21.3k -21,303
74 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 631,057631.1k $54.3m $54.3m 0.05% Added +219.4k +219,416
75 TD Asset Management Inc 0.05% of their portfolio Toronto, A6 598,638598.6k $51.5m $51.5m 0.05% Reduced -421.8k -421,759
76 PARNASSUS INVESTMENTS, LLC 0.11% of their portfolio San Francisco, CA 593,722593.7k $51.1m $51.1m 0.11% New
77 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 580,524580.5k $49.9m $49.9m 0.04% Added +282.5k +282,541
78 Vantage Investment Partners, LLC 4.35% of their portfolio KANSAS CITY, MO 580,417580.4k $49.9m $49.9m 4.35% Added +151.6k +151,620
79 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 579,653579.7k $49.9m $49.9m 0.04% Added +518.4k +518,361
80 TRUIST FINANCIAL CORP 0.08% of their portfolio CHARLOTTE, NC 563,234563.2k $48.4m $48.4m 0.08% Reduced -12.6k -12,561
81 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 540,047540.0k $46.5m $46.5m 0.03% Reduced -21.5k -21,491
82 OLD MISSION CAPITAL LLC 1.01% of their portfolio CHICAGO, IL 503,079503.1k $43.3m $43.3m 1.01% New
83 Rockefeller Capital Management L.P. 0.11% of their portfolio NEW YORK, NY 497,667497.7k $42.9m $42.9m 0.11% Added +13.1k +13,081
84 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 497,081497.1k $42.8m $42.8m 0.01% Reduced -378.8k -378,761
85 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 496,088496.1k $42.7m $42.7m 0.02% Reduced -396.3k -396,339
86 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 478,244478.2k $41.1m $41.1m 0.06% Reduced -1.5k -1,529
87 NICHOLS & PRATT ADVISERS LLP /MA 2.74% of their portfolio BOSTON, MA 477,879477.9k $41.1m $41.1m 2.74% Reduced -10.3k -10,331
88 Ensign Peak Advisors, Inc 0.07% of their portfolio SALT LAKE CITY, UT 469,351469.4k $40.4m $40.4m 0.07% Reduced -314.4k -314,386
89 VAN ECK ASSOCIATES CORP 0.05% of their portfolio NEW YORK, NY 462,985463.0k $39.8m $39.8m 0.05% Reduced -29.5k -29,482
90 ASSETMARK, INC 0.10% of their portfolio CONCORD, CA 449,130449.1k $38.6m $38.6m 0.10% Added +7.2k +7,248
91 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 408,836408.8k $35.2m $35.2m 0.05% Reduced -20.5k -20,497
92 OPPENHEIMER ASSET MANAGEMENT INC. 0.42% of their portfolio NEW YORK, NY 401,020401.0k $34.5m $34.5m 0.42% Added +7.8k +7,786
93 Optiver Holding B.V. 1.09% of their portfolio AMSTERDAM, P7 393,069393.1k $33.8m $33.8m 1.09% Added +382.1k +382,119
94 M&T Bank Corp 0.11% of their portfolio BUFFALO, NY 379,658379.7k $32.7m $32.7m 0.11% Reduced -10.7k -10,691
95 MayTech Global Investments, LLC 3.83% of their portfolio New York, NY 377,752377.8k $32.5m $32.5m 3.83% Added +123.2k +123,200
96 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 376,456376.5k $32.4m $32.4m 0.03% Reduced -61.8k -61,777
97 Moran Wealth Management, LLC 1.02% of their portfolio NAPLES, FL 372,693372.7k $32.1m $32.1m 1.02% Reduced -56.9k -56,942
98 Mariner, LLC 0.05% of their portfolio Overland Park, KS 363,313363.3k $31.3m $31.3m 0.05% Added +16.6k +16,634
99 Modera Wealth Management, LLC 0.38% of their portfolio WESTWOOD, NJ 362,514362.5k $31.2m $31.2m 0.38% Reduced -6.3k -6,261
100 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.26% of their portfolio IRVING, TX 360,205360.2k $31.0m $31.0m 0.26% Reduced -60.7k -60,672