Vault-13

NOVO-NORDISK A S NVO

ADR · ADR · CUSIP 670100205 · ISIN US6701002056

1,535 institutional holders -133 vs Q4 2024
324,111,912324.1m shares reported held*
$22.9bnreported value*
122 new 629 added 563 reduced 244 sold out net sold ≈ $927.0m (-12.9m 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 ($45.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $70.78. Options: 55 managers hold calls ($987.1m notional), 42 hold puts ($1.3bn).

Trends to Q1 2025

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: 1,668Q1 25: 1,5351,535Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
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
Q1 20251,535

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 23: 569 bought or addedQ2 23: 475 cut or sold outQ3 23: 674 bought or addedQ3 23: 468 cut or sold outQ3 23Q4 23: 766 bought or addedQ4 23: 506 cut or sold outQ1 24: 1,016 bought or addedQ1 24: 556 cut or sold outQ1 24Q2 24: 952 bought or addedQ2 24: 665 cut or sold outQ3 24: 825 bought or addedQ3 24: 854 cut or sold outQ3 24Q4 24: 695 bought or addedQ4 24: 932 cut or sold outQ1 25: 751 bought or addedQ1 25: 807 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023569475
Q3 2023674468
Q4 2023766506
Q1 20241,016556
Q2 2024952665
Q3 2024825854
Q4 2024695932
Q1 2025751807

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ2 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 0.94Q1 25 calls: $987.1mQ1 25 puts: $1.3bnQ1 25P/C 1.36
Numbers
QuarterCallsPutsP/C
Q2 2024$1.1bn$1.1bn1.04
Q3 2024$790.6m$1.2bn1.47
Q4 2024$1.3bn$1.2bn0.94
Q1 2025$987.1m$1.3bn1.36

Biggest buyers

TWO SIGMA ADVISERS, LP Added +3,835,100+3.8m
Capital International Investors Added +2,757,125+2.8m
Clearbridge Investments, LLC Added +2,350,617+2.4m
Amundi Added +1,627,051+1.6m
TWO SIGMA INVESTMENTS, LP Added +1,303,506+1.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,129,205+1.1m
CITADEL ADVISORS LLC Added +1,087,341+1.1m
ACADIAN ASSET MANAGEMENT LLC Added +1,038,137+1.0m
Mirae Asset Global Investments Co., Ltd. Added +864,579+864.6k
LOOMIS SAYLES & CO L P Added +816,556+816.6k

Biggest sellers

GQG Partners LLC Reduced -12,877,408-12.9m
POLEN CAPITAL MANAGEMENT LLC Reduced -5,403,842-5.4m
Capital World Investors Reduced -4,238,249-4.2m
RENAISSANCE TECHNOLOGIES LLC Reduced -1,491,600-1.5m
MARSHALL WACE, LLP Reduced -1,142,373-1.1m
JENNISON ASSOCIATES LLC Reduced -1,122,807-1.1m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -1,020,452-1.0m
RAYMOND JAMES FINANCIAL INC Reduced -991,860-991.9k
Fisher Asset Management, LLC Reduced -769,253-769.3k
BANK OF AMERICA CORP /DE/ Reduced -699,760-699.8k

Biggest calls

CITADEL ADVISORS LLC Reduced $163.0m2.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $92.6m1.3m shares
SIMPLEX TRADING, LLC Added $79.3m1.1m shares
JANE STREET GROUP, LLC Reduced $69.2m996.0k shares
IMC-Chicago, LLC Reduced $61.2m881.9k shares
CAPITAL FUND MANAGEMENT S.A. Added $59.8m860.7k shares
Optiver Holding B.V. Added $42.4m610.1k shares
Twin Tree Management, LP Added $41.5m598.3k shares
UBS Group AG Added $37.5m540.4k shares
WOLVERINE TRADING, LLC Added $35.2m508.5k shares

Biggest puts

CITADEL ADVISORS LLC Added $242.7m3.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $163.6m2.4m shares
JANE STREET GROUP, LLC Added $91.7m1.3m shares
D. E. Shaw & Co., Inc. Added $74.7m1.1m shares
SIMPLEX TRADING, LLC Added $66.4m956.4k shares
Optiver Holding B.V. Reduced $56.9m819.5k shares
IMC-Chicago, LLC Added $56.9m819.1k shares
NOMURA HOLDINGS INC Added $48.6m700.0k shares
UBS Group AG Added $44.9m645.9k shares
PEAK6 LLC Added $40.4m581.6k 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 2025

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 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JENNISON ASSOCIATES LLC 0.92% of their portfolio NEW YORK, NY 18,822,00218.8m $1.3bn $1.3bn 0.92% Reduced -1.1m -1,122,807
2 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 14,792,62414.8m $1.0bn $1.0bn 0.09% Reduced -699.8k -699,760
3 LOOMIS SAYLES & CO L P 1.24% of their portfolio BOSTON, MA 12,388,24212.4m $860.2m $860.2m 1.24% Added +816.6k +816,556
4 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 12,319,78712.3m $855.5m $855.5m 0.06% Added +115.5k +115,495
5 Fisher Asset Management, LLC 0.36% of their portfolio PLANO, TX 11,871,23611.9m $824.3m $824.3m 0.36% Reduced -769.3k -769,253
6 Fayez Sarofim & Co 1.94% of their portfolio Houston, TX 11,212,49911.2m $778.6m $778.6m 1.94% Reduced -172.0k -171,982
7 FMR LLC 0.04% of their portfolio BOSTON, MA 9,632,9329.6m $668.9m $668.9m 0.04% Reduced -389.0k -388,952
8 FOLKETRYGDFONDET 14.73% of their portfolio OSLO, Q8 9,521,9129.5m $661.2m $661.2m 14.73% Added +618.0k +617,974
9 Capital International Investors 0.13% of their portfolio Los Angeles, CA 9,511,5459.5m $659.9m $659.9m 0.13% Added +2.8m +2,757,125
10 RENAISSANCE TECHNOLOGIES LLC 0.72% of their portfolio NEW YORK, NY 6,821,3966.8m $473.7m $473.7m 0.72% Reduced -1.5m -1,491,600
11 Clearbridge Investments, LLC 0.40% of their portfolio NEW YORK, NY 6,633,9346.6m $460.7m $460.7m 0.40% Added +2.4m +2,350,617
12 EVERETT HARRIS & CO /CA/ 5.71% of their portfolio LOS ANGELES, CA 6,408,0226.4m $445.0m $445.0m 5.71% Reduced -45.1k -45,067
13 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.39% of their portfolio BLOOMINGTON, IL 6,142,7786.1m $426.6m $426.6m 0.39% Unchanged
14 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 6,000,2536.0m $422.5m $422.5m 0.02% Reduced -55.5k -55,541
15 Sustainable Growth Advisers, LP 2.15% of their portfolio STAMFORD, CT 5,543,2465.5m $384.9m $384.9m 2.15% Added +202.4k +202,443
16 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 5,494,3435.5m $381.5m $381.5m 0.03% Reduced -95.4k -95,400
17 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 5,446,2865.4m $378.2m $378.2m 0.08% Reduced -14.4k -14,447
18 Nuveen, LLC 0.11% of their portfolio CHARLOTTE, NC 5,332,2625.3m $370.3m $370.3m 0.11% First filing
19 PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio BALTIMORE, MD 5,324,6665.3m $369.7m $369.7m 0.05% Reduced -1.0m -1,020,452
20 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 4,983,0545.0m $346.0m $346.0m 0.07% Added +735.9k +735,900
21 Amundi 0.12% of their portfolio Paris, I0 4,938,5074.9m $331.6m $331.6m 0.12% Added +1.6m +1,627,051
22 TWO SIGMA ADVISERS, LP 0.76% of their portfolio NEW YORK, NY 4,856,8004.9m $337.3m $337.3m 0.76% Added +3.8m +3,835,100
23 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 4,591,8724.6m $318.9m $318.9m 0.05% Reduced -97.2k -97,226
24 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 4,491,5144.5m $311.9m $311.9m 0.10% Added +323.8k +323,831
25 BlackRock, Inc. 0.01% of their portfolio New York, NY 4,279,1994.3m $297.1m $297.1m 0.01% Reduced -614.4k -614,407
26 WCM INVESTMENT MANAGEMENT, LLC 0.74% of their portfolio LAGUNA BEACH, CA 4,135,8574.1m $286.6m $286.6m 0.74% Added +104.7k +104,733
27 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 3,792,8133.8m $263.4m $263.4m 0.06% Added +119.7k +119,698
28 RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio ST. PETERSBURG, FL 3,715,3063.7m $258.0m $258.0m 0.10% Reduced -991.9k -991,860
29 TWO SIGMA INVESTMENTS, LP 0.48% of their portfolio NEW YORK, NY 3,147,9293.1m $218.6m $218.6m 0.48% Added +1.3m +1,303,506
30 NATIXIS ADVISORS, LLC 0.37% of their portfolio Boston, MA 2,914,1042.9m $202.4m $202.4m 0.37% Reduced -109.9k -109,909
31 Magellan Asset Management Ltd 2.20% of their portfolio Sydney, C3 2,606,2162.6m $181.0m $181.0m 2.20% Reduced -206.6k -206,565
32 D. E. Shaw & Co., Inc. 0.21% of their portfolio New York, NY 2,582,5722.6m $179.3m $179.3m 0.21% Added +527.6k +527,584
33 Markel Group Inc. 1.33% of their portfolio Glen Allen, VA 2,150,0002.1m $149.3m $149.3m 1.33% Unchanged
34 SATURNA CAPITAL CORP 2.23% of their portfolio BELLINGHAM, WA 2,144,7592.1m $148.9m $148.9m 2.23% Added +32.8k +32,811
35 DSM CAPITAL PARTNERS LLC 2.50% of their portfolio Palm Beach Gardens, FL 2,056,5872.1m $142.8m $142.8m 2.50% Added +49.2k +49,175
36 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.45% of their portfolio JUPITER, FL 1,751,0071.8m $121.6m $121.6m 0.45% Added +298.8k +298,835
37 CITADEL ADVISORS LLC 0.12% of their portfolio MIAMI, FL 1,718,3981.7m $119.3m $119.3m 0.12% Added +1.1m +1,087,341
38 DAVENPORT & Co LLC 0.70% of their portfolio RICHMOND, VA 1,695,5221.7m $117.7m $117.7m 0.70% Added +642.8k +642,810
39 Mirae Asset Global Investments Co., Ltd. 0.35% of their portfolio SEOUL, M5 1,594,5441.6m $85.4m $85.4m 0.35% Added +864.6k +864,579
40 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 1,479,6221.5m $102.7m $102.7m 0.03% Reduced -4.1k -4,147
41 Saratoga Research & Investment Management 5.33% of their portfolio SARATOGA, CA 1,454,1601.5m $101.0m $101.0m 5.33% Added +753.5k +753,526
42 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,442,2951.4m $100.2m $100.2m 0.03% Added +123.6k +123,579
43 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,433,0261.4m $99.5m $99.5m 0.02% Reduced -43.6k -43,612
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.16% of their portfolio BALA CYNWYD, PA 1,414,9131.4m $98.3m $98.3m 0.16% Added +1.1m +1,129,205
45 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,379,2071.4m $95.6m $95.6m 0.04% Added +23.1k +23,140
46 TIGER GLOBAL MANAGEMENT LLC 0.33% of their portfolio New York, NY 1,269,0001.3m $88.1m $88.1m 0.33% Unchanged
47 CITIGROUP INC 0.07% of their portfolio NEW YORK, NY 1,246,4081.2m $86.6m $86.6m 0.07% Reduced -365.2k -365,158
48 LAZARD ASSET MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 1,237,5941.2m $85.9m $85.9m 0.13% Reduced -30.3k -30,279
49 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 1,228,8331.2m $85.3m $85.3m 0.05% Reduced -494.1k -494,104
50 STIFEL FINANCIAL CORP 0.09% of their portfolio ST. LOUIS, MO 1,187,5171.2m $82.5m $82.5m 0.09% Reduced -329.6k -329,650
51 Corient Private Wealth LP 0.13% of their portfolio MIAMI, FL 1,124,4181.1m $78.1m $78.1m 0.13% Reduced -152.3k -152,292
52 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 1,067,9161.1m $74.2m $74.2m 0.06% First filing
53 ACADIAN ASSET MANAGEMENT LLC 0.20% of their portfolio Boston, MA 1,044,6581.0m $72.5m $72.5m 0.20% Added +1.0m +1,038,137
54 Baird Financial Group, Inc. 0.14% of their portfolio MILWAUKEE, WI 1,035,6391.0m $71.9m $71.9m 0.14% Added +169.8k +169,762
55 AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio KANSAS CITY, MO 1,022,2111.0m $71.0m $71.0m 0.04% Reduced -258.9k -258,950
56 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,021,7071.0m $70.9m $70.9m 0.01% Added +191.3k +191,272
57 POLEN CAPITAL MANAGEMENT LLC 0.22% of their portfolio Boca Raton, FL 1,001,9061.0m $69.6m $69.6m 0.22% Reduced -5.4m -5,403,842
58 Cerity Partners LLC 0.13% of their portfolio NEW YORK, NY 928,213928.2k $63.7m $63.7m 0.13% Added +170.5k +170,494
59 PARNASSUS INVESTMENTS, LLC 0.15% of their portfolio San Francisco, CA 926,083926.1k $64.3m $64.3m 0.15% Added +332.4k +332,361
60 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 887,687887.7k $61.6m $61.6m 0.06% Added +532.5k +532,472
61 Qube Research & Technologies Ltd 0.10% of their portfolio LONDON, X0 883,125883.1k $61.3m $61.3m 0.10% Added +28.0k +27,983
62 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 839,802839.8k $58.3m $58.3m 0.01% Added +47.8k +47,804
63 CAPITAL FUND MANAGEMENT S.A. 0.66% of their portfolio PARIS, I0 741,731741.7k $51.5m $51.5m 0.66% Added +17.4k +17,381
64 THORNBURG INVESTMENT MANAGEMENT INC 0.70% of their portfolio SANTA FE, NM 717,835717.8k $498.5m $498.5m 0.70% Reduced -3.3k -3,313
65 JANE STREET GROUP, LLC 0.09% of their portfolio NEW YORK, NY 700,165700.2k $48.6m $48.6m 0.09% Reduced -376.0k -376,033
66 Rockefeller Capital Management L.P. 0.11% of their portfolio NEW YORK, NY 658,582658.6k $45.7m $45.7m 0.11% Added +160.9k +160,915
67 TRUIST FINANCIAL CORP 0.07% of their portfolio CHARLOTTE, NC 655,208655.2k $45.5m $45.5m 0.07% Added +92.0k +91,974
68 CIBC WORLD MARKET INC. 0.10% of their portfolio TORONTO, A6 645,663645.7k $44.8m $44.8m 0.10% Reduced -12.8k -12,800
69 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.34% of their portfolio IRVING, TX 576,288576.3k $40.0m $40.0m 0.34% Added +216.1k +216,083
70 Orion Portfolio Solutions, LLC 0.22% of their portfolio Omaha, NE 575,250575.2k $44.9m $44.9m 0.22% Added +277.3k +277,254
71 Harel Insurance Investments & Financial Services Ltd. 0.52% of their portfolio Ramat Gan, L3 562,187562.2k $39.5m $39.5m 0.52% New
72 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 525,247525.2k $36.5m $36.5m 0.02% Reduced -14.8k -14,800
73 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 486,002486.0k $33.7m $33.7m 0.01% Reduced -11.1k -11,079
74 NICHOLS & PRATT ADVISERS LLP /MA 2.28% of their portfolio BOSTON, MA 481,314481.3k $33.4m $33.4m 2.28% Added +3.4k +3,435
75 OPPENHEIMER ASSET MANAGEMENT INC. 0.41% of their portfolio NEW YORK, NY 470,565470.6k $32.7m $32.7m 0.41% Added +69.5k +69,545
76 Parkwood LLC 3.14% of their portfolio CLEVELAND, OH 462,571462.6k $32.1m $32.1m 3.14% Added +201.0k +200,976
77 Vantage Investment Partners, LLC 2.68% of their portfolio KANSAS CITY, MO 459,687459.7k $31.9m $31.9m 2.68% Reduced -120.7k -120,730
78 BROWN BROTHERS HARRIMAN & CO 0.22% of their portfolio NEW YORK, NY 453,455453.5k $31.5m $31.5m 0.22% Added +393.3k +393,334
79 Focus Partners Wealth 0.08% of their portfolio ST LOUIS, MO 453,434453.4k $31.5m $31.5m 0.08% Reduced -340.7k -340,730
80 SEI INVESTMENTS CO 0.04% of their portfolio OAKS, PA 451,031451.0k $31.3m $31.3m 0.04% Reduced -189.4k -189,418
81 VAN ECK ASSOCIATES CORP 0.04% of their portfolio NEW YORK, NY 447,557447.6k $31.1m $31.1m 0.04% Reduced -15.4k -15,428
82 NewEdge Advisors, LLC 0.18% of their portfolio NEW ORLEANS, LA 432,345432.3k $30.0m $30.0m 0.18% Added +97.4k +97,377
83 ASSETMARK, INC 0.08% of their portfolio CONCORD, CA 427,623427.6k $29.7m $29.7m 0.08% Reduced -21.5k -21,507
84 JIA INVESTMENT ALLIANCE PTE. LTD. 3.14% of their portfolio SINGAPORE, U0 426,700426.7k $29.6m $29.6m 3.14% Added +80.2k +80,200
85 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 424,199424.2k $29.5m $29.5m 0.01% Reduced -623.1k -623,101
86 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 403,391403.4k $28.0m $28.0m 0.02% Added +26.9k +26,935
87 Southpoint Capital Advisors LP 0.67% of their portfolio NEW YORK, NY 400,000400.0k $27.8m $27.8m 0.67% New
88 MayTech Global Investments, LLC 3.49% of their portfolio New York, NY 387,531387.5k $26.9m $26.9m 3.49% Added +9.8k +9,779
89 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 383,930383.9k $26.6m $26.6m 0.01% Reduced -112.2k -112,158
90 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 379,271379.3k $26.3m $26.3m 0.04% Reduced -29.6k -29,565
91 Trexquant Investment LP 0.31% of their portfolio STAMFORD, CT 377,738377.7k $26.2m $26.2m 0.31% Added +145.5k +145,492
92 Mariner, LLC 0.04% of their portfolio Overland Park, KS 371,261371.3k $25.8m $25.8m 0.04% Added +7.9k +7,948
93 ACADEMY CAPITAL MANAGEMENT 4.40% of their portfolio WACO, TX 367,574367.6k $25.5m $25.5m 4.40% Added +213.5k +213,453
94 NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio MONTREAL, A8 363,538363.5k $25.2m $25.2m 0.03% Reduced -379.0k -378,983
95 Modera Wealth Management, LLC 0.34% of their portfolio WESTWOOD, NJ 359,706359.7k $25.0m $25.0m 0.34% Reduced -2.8k -2,808
96 Traynor Capital Management, Inc. 2.09% of their portfolio MALVERN, PA 355,076355.1k $24.7m $24.7m 2.09% Added +34.9k +34,914
97 Squarepoint Ops LLC 0.06% of their portfolio NEW YORK, NY 344,312344.3k $23.9m $23.9m 0.06% Added +281.8k +281,827
98 Migdal Insurance & Financial Holdings Ltd. 0.34% of their portfolio Petach Tikva, L3 343,389343.4k $24.2m $24.2m 0.34% Added +339.8k +339,820
99 Pathstone Holdings, LLC 0.10% of their portfolio ENGLEWOOD, NJ 340,128340.1k $23.7m $23.7m 0.10% Added +65.2k +65,227
100 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 338,470338.5k $23.5m $23.5m 0.03% Added +3.5k +3,493