Vault-13

NOVO-NORDISK A S NVO

ADR · ADR · CUSIP 670100205 · ISIN US6701002056

1,350 institutional holders +72 vs Q1 2026
325,844,388325.8m shares reported held*
$15.6bnreported value*
196 new 466 added 458 reduced 118 sold out net bought ≈ $73.1m (+1.6m 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 ($39.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $47.92. Options: 66 managers hold calls ($2.4bn notional), 46 hold puts ($2.6bn).

Trends to Q2 2026

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: 1,535Q2 25: 1,485Q3 25: 1,400Q4 25: 1,418Q1 26: 1,278Q2 26: 1,3501,350Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q2 20251,485
Q3 20251,400
Q4 20251,418
Q1 20261,278
Q2 20261,350

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 24: 825 bought or addedQ3 24: 854 cut or sold outQ4 24: 695 bought or addedQ4 24: 932 cut or sold outQ4 24Q1 25: 751 bought or addedQ1 25: 807 cut or sold outQ2 25: 701 bought or addedQ2 25: 729 cut or sold outQ2 25Q3 25: 649 bought or addedQ3 25: 776 cut or sold outQ4 25: 587 bought or addedQ4 25: 752 cut or sold outQ4 25Q1 26: 570 bought or addedQ1 26: 750 cut or sold outQ2 26: 662 bought or addedQ2 26: 576 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024825854
Q4 2024695932
Q1 2025751807
Q2 2025701729
Q3 2025649776
Q4 2025587752
Q1 2026570750
Q2 2026662576

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bn$4bnQ3 25 calls: $2.1bnQ3 25 puts: $3.1bnQ3 25P/C 1.49Q4 25 calls: $2.1bnQ4 25 puts: $3.3bnQ4 25P/C 1.62Q1 26 calls: $1.4bnQ1 26 puts: $2.1bnQ1 26P/C 1.49Q2 26 calls: $2.4bnQ2 26 puts: $2.6bnQ2 26P/C 1.10
Numbers
QuarterCallsPutsP/C
Q3 2025$2.1bn$3.1bn1.49
Q4 2025$2.1bn$3.3bn1.62
Q1 2026$1.4bn$2.1bn1.49
Q2 2026$2.4bn$2.6bn1.10

Biggest buyers

FRED ALGER MANAGEMENT, LLC New +4,907,570+4.9m
GOLDMAN SACHS GROUP INC Added +4,059,453+4.1m
BANK OF NOVA SCOTIA Added +3,010,608+3.0m
Nuveen, LLC New +2,969,256+3.0m
ACADIAN ASSET MANAGEMENT LLC Added +2,286,233+2.3m
FARALLON CAPITAL MANAGEMENT, L.L.C. Added +1,837,000+1.8m
LOOMIS SAYLES & CO L P Added +1,577,037+1.6m
Dodge & Cox Added +1,063,360+1.1m
WELLS FARGO & COMPANY/MN Added +1,015,043+1.0m
FMR LLC Added +953,773+953.8k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -6,290,535-6.3m
TWO SIGMA INVESTMENTS, LP Reduced -6,270,701-6.3m
FRANKLIN RESOURCES INC Reduced -3,042,370-3.0m
Defiance ETFs, LLC Sold out -2,192,592-2.2m
Capital International Investors Reduced -2,074,670-2.1m
JANE STREET GROUP, LLC Sold out -2,024,007-2.0m
Holocene Advisors, LP Sold out -1,745,580-1.7m
SATURNA CAPITAL CORP Reduced -1,674,336-1.7m
CITADEL ADVISORS LLC Reduced -1,370,250-1.4m
D. E. Shaw & Co., Inc. Reduced -1,341,539-1.3m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $575.7m12.0m shares
CITADEL ADVISORS LLC Reduced $434.3m9.1m shares
JANE STREET GROUP, LLC Added $212.8m4.4m shares
Optiver Holding B.V. Added $203.5m4.2m shares
D. E. Shaw & Co., Inc. Added $134.1m2.8m shares
SIMPLEX TRADING, LLC Added $119.9m2.5m shares
GROUP ONE TRADING LLC Reduced $91.2m1.9m shares
IMC-Chicago, LLC Reduced $90.9m1.9m shares
MILLENNIUM MANAGEMENT LLC Added $73.1m1.5m shares
UBS Group AG Reduced $58.9m1.2m shares

Biggest puts

CITADEL ADVISORS LLC Added $423.4m8.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $423.3m8.8m shares
JANE STREET GROUP, LLC Added $349.2m7.3m shares
D. E. Shaw & Co., Inc. Reduced $243.9m5.1m shares
Optiver Holding B.V. Added $229.6m4.8m shares
Point72 Asset Management, L.P. Added $133.2m2.8m shares
GOLDMAN SACHS GROUP INC New $122.5m2.6m shares
UBS Group AG Reduced $103.0m2.1m shares
IMC-Chicago, LLC Reduced $72.8m1.5m shares
MILLENNIUM MANAGEMENT LLC Added $70.2m1.5m 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 since 1 Apr 2026

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 since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Dodge & Cox 0.51% of their portfolio San Francisco, CA 20,397,11020.4m $977.8m $977.8m 0.51% Added +1.1m +1,063,360
2 LOOMIS SAYLES & CO L P 1.12% of their portfolio BOSTON, MA 18,594,35218.6m $891.4m $891.4m 1.12% Added +1.6m +1,577,037
3 FRANKLIN RESOURCES INC 0.14% of their portfolio San Mateo, CA 13,041,10913.0m $625.2m $625.2m 0.14% Reduced -3.0m -3,042,370
4 PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio BALTIMORE, MD 11,704,71911.7m $561.1m $561.1m 0.06% Added +644.0k +644,039
5 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 11,659,86911.7m $559.0m $559.0m 0.03% Added +790.7k +790,669
6 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 11,176,71211.2m $535.8m $535.8m 0.03% Added +407.0k +407,013
7 Capital International Investors 0.10% of their portfolio Los Angeles, CA 9,721,1809.7m $467.6m $467.6m 0.10% Reduced -2.1m -2,074,670
8 FOLKETRYGDFONDET 9.85% of their portfolio OSLO, Q8 9,522,3839.5m $456.5m $456.5m 9.85% Added +441.6k +441,563
9 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 9,180,4909.2m $440.1m $440.1m 0.05% Added +4.1m +4,059,453
10 Fisher Asset Management, LLC 0.12% of their portfolio PLANO, TX 8,324,9488.3m $399.1m $399.1m 0.12% Reduced -696.2k -696,155
11 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.18% of their portfolio BOSTON, MA 8,270,7858.3m $396.5m $396.5m 0.18% Added +443.3k +443,294
12 EVERETT HARRIS & CO /CA/ 3.81% of their portfolio LOS ANGELES, CA 6,475,6226.5m $310.4m $310.4m 3.81% Added +51.0k +50,961
13 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.20% of their portfolio BLOOMINGTON, IL 6,142,7786.1m $294.5m $294.5m 0.20% Unchanged
14 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 5,869,8345.9m $284.6m $284.6m 0.01% Added +32.6k +32,641
15 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 5,399,0615.4m $258.8m $258.8m 0.04% Added +871.3k +871,282
16 Capital World Investors 0.03% of their portfolio LOS ANGELES, CA 5,205,9265.2m $249.6m $249.6m 0.03% Reduced -3.5k -3,501
17 FRED ALGER MANAGEMENT, LLC 0.78% of their portfolio NEW YORK, NY 4,907,5704.9m $235.3m $235.3m 0.78% New
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.20% of their portfolio BALA CYNWYD, PA 4,815,5764.8m $230.9m $230.9m 0.20% Reduced -6.3m -6,290,535
19 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 4,657,6424.7m $223.3m $223.3m 0.04% Added +1.0m +1,015,043
20 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 4,031,1144.0m $193.3m $193.3m 0.05% Added +71.7k +71,684
21 UBS Group AG 0.03% of their portfolio ZURICH, V8 3,984,9404.0m $191.0m $191.0m 0.03% Reduced -580.8k -580,768
22 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,861,1823.9m $185.1m $185.1m 0.00% Added +909.8k +909,829
23 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 3,693,1983.7m $177.1m $177.1m 0.02% Added +38.3k +38,342
24 Saratoga Research & Investment Management 8.49% of their portfolio SARATOGA, CA 3,236,0093.2m $155.1m $155.1m 8.49% Reduced -200.3k -200,320
25 BANK OF NOVA SCOTIA 0.22% of their portfolio TORONTO, A6 3,065,0153.1m $146.9m $146.9m 0.22% Added +3.0m +3,010,608
26 RENAISSANCE TECHNOLOGIES LLC 0.20% of their portfolio NEW YORK, NY 3,032,4213.0m $145.4m $145.4m 0.20% Reduced -364.7k -364,700
27 Nuveen, LLC 0.03% of their portfolio CHARLOTTE, NC 2,969,2563.0m $142.3m $142.3m 0.03% New
28 Fayez Sarofim & Co 0.33% of their portfolio Houston, TX 2,924,5002.9m $140.2m $140.2m 0.33% Reduced -471.0k -470,979
29 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 2,903,9882.9m $139.2m $139.2m 0.04% Reduced -627.0k -627,017
30 Markel Group Inc. 1.05% of their portfolio Glen Allen, VA 2,869,7742.9m $137.6m $137.6m 1.05% Unchanged
31 BARCLAYS PLC 0.04% of their portfolio LONDON, X0 2,739,6172.7m $131.3m $131.3m 0.04% Reduced -544.0k -544,019
32 ACADIAN ASSET MANAGEMENT LLC 0.16% of their portfolio Boston, MA 2,736,6972.7m $131.2m $131.2m 0.16% Added +2.3m +2,286,233
33 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.73% of their portfolio SAN FRANCISCO, CA 2,619,0002.6m $125.6m $125.6m 0.73% Added +1.8m +1,837,000
34 FMR LLC 0.00% of their portfolio BOSTON, MA 2,306,3932.3m $110.6m $110.6m 0.00% Added +953.8k +953,773
35 MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 2,035,9392.0m $97.6m $97.6m 0.07% Added +627.1k +627,086
36 NATIXIS ADVISORS, LLC 0.11% of their portfolio Boston, MA 2,006,5512.0m $96.2m $96.2m 0.11% Added +666.7k +666,676
37 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,737,3331.7m $83.3m $83.3m 0.02% Added +414.4k +414,404
38 MARSHALL WACE, LLP 0.07% of their portfolio LONDON, X0 1,707,1041.7m $81.8m $81.8m 0.07% Reduced -1.3m -1,339,507
39 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,688,4441.7m $80.6m $80.6m 0.02% Reduced -58.8k -58,781
40 CAUSEWAY CAPITAL MANAGEMENT LLC 0.87% of their portfolio LOS ANGELES, CA 1,677,6151.7m $80.4m $80.4m 0.87% Added +503.4k +503,402
41 MAVERICK CAPITAL LTD 0.72% of their portfolio DALLAS, TX 1,653,8721.7m $79.3m $79.3m 0.72% Reduced -426.2k -426,249
42 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,612,4261.6m $77.9m $77.9m 0.00% Reduced -1.2m -1,196,392
43 Rockefeller Capital Management L.P. 0.12% of their portfolio NEW YORK, NY 1,566,4511.6m $75.1m $75.1m 0.12% Added +133.4k +133,378
44 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 1,495,5171.5m $71.7m $71.7m 0.06% Added +339.0k +339,036
45 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 1,492,4131.5m $71.5m $71.5m 0.03% Added +903.3k +903,306
46 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 1,455,3511.5m $69.8m $69.8m 0.03% Added +244.0k +244,032
47 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 1,366,2751.4m $65.5m $65.5m 0.04% Reduced -1.4m -1,370,250
48 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,292,6881.3m $62.0m $62.0m 0.01% Added +41.8k +41,840
49 SEI INVESTMENTS CO 0.05% of their portfolio OAKS, PA 1,249,1861.2m $59.9m $59.9m 0.05% Added +762.6k +762,636
50 Trexquant Investment LP 0.36% of their portfolio STAMFORD, CT 1,227,4051.2m $58.8m $58.8m 0.36% Added +244.6k +244,632
51 Cullen Capital Management, LLC 0.58% of their portfolio New York, NY 1,224,9551.2m $58.7m $58.7m 0.58% Added +432.6k +432,600
52 WCM INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio LAGUNA BEACH, CA 1,181,0271.2m $57.1m $57.1m 0.10% Added +370.0k +370,030
53 Balyasny Asset Management L.P. 0.10% of their portfolio Chicago, IL 1,109,9821.1m $53.2m $53.2m 0.10% Added +726.8k +726,836
54 VAN ECK ASSOCIATES CORP 0.03% of their portfolio NEW YORK, NY 1,045,8851.0m $50.1m $50.1m 0.03% Reduced -575.6k -575,596
55 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 1,038,1601.0m $49.9m $49.9m 0.02% Added +605.4k +605,390
56 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 1,006,0321.0m $48.2m $48.2m 0.02% Reduced -541.6k -541,623
57 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.27% of their portfolio IRVING, TX 1,000,6821.0m $48.0m $48.0m 0.27% Reduced -51.9k -51,940
58 MENORA MIVTACHIM HOLDINGS LTD. 0.17% of their portfolio Ramat Gan, L3 926,168926.2k $44.4m $44.4m 0.17% Unchanged
59 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio Boston, MA 877,635877.6k $42.1m $42.1m 0.06% New
60 OPPENHEIMER ASSET MANAGEMENT INC. 0.44% of their portfolio NEW YORK, NY 874,376874.4k $41.9m $41.9m 0.44% Added +37.9k +37,916
61 XXEC, Inc. 4.85% of their portfolio TULSA, OK 830,388830.4k $37.3m $37.3m 4.85% Added +285.4k +285,368
62 NATIXIS 0.19% of their portfolio PARIS, I0 824,229824.2k $39.5m $39.5m 0.19% Reduced -1.2m -1,181,056
63 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 799,604799.6k $38.3m $38.3m 0.02% Added +12.0k +12,004
64 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio Paris, I0 736,113736.1k $35.3m $35.3m 0.04% New
65 NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio MONTREAL, A8 731,414731.4k $35.0m $35.0m 0.03% Added +21.3k +21,332
66 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 730,624730.6k $35.0m $35.0m 0.04% Reduced -80.4k -80,448
67 Hudson Bay Capital Management LP 0.16% of their portfolio STAMFORD, CT 730,000730.0k $35.0m $35.0m 0.16% Added +605.0k +604,962
68 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 697,567697.6k $33.4m $33.4m 0.02% Reduced -1.3m -1,341,539
69 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 686,121686.1k $32.9m $32.9m 0.00% Reduced -200.4k -200,355
70 Bluespring Wealth Management, LLC 0.62% of their portfolio AUSTIN, TX 669,858669.9k $32.1m $32.1m 0.62% New
71 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 657,641657.6k $31.5m $31.5m 0.05% Added +565.1k +565,125
72 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 649,429649.4k $31.1m $31.1m 0.04% Reduced -23.6k -23,570
73 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 646,107646.1k $31.0m $31.0m 0.02% Added +195.1k +195,086
74 DV EQUITIES, LLC 4.39% of their portfolio CHICAGO, IL 631,226631.2k $30.3m $30.3m 4.39% First filing
75 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 622,970623.0k $29.9m $29.9m 0.00% Added +241.7k +241,706
76 Longaeva Partners L.P. 0.86% of their portfolio Chicago, IL 621,143621.1k $29.8m $29.8m 0.86% New
77 Integral Health Asset Management, LLC 1.18% of their portfolio New York, NY 600,000600.0k $28.8m $28.8m 1.18% New
78 Euro Pacific Asset Management, LLC 2.07% of their portfolio DORADO, PR 594,135594.1k $18.2m $18.2m 2.07% Added +126.7k +126,683
79 Quantinno Capital Management LP 0.03% of their portfolio NEW YORK, NY 593,206593.2k $28.4m $28.4m 0.03% Added +241.5k +241,514
80 Caisse de depot et placement du Quebec 0.04% of their portfolio Montreal, A8 585,509585.5k $28.1m $28.1m 0.04% New
81 CANTOR FITZGERALD, L. P. 0.27% of their portfolio NEW YORK, NY 584,188584.2k $28.0m $28.0m 0.27% Added +322.6k +322,614
82 OLD MISSION CAPITAL LLC 0.67% of their portfolio CHICAGO, IL 548,297548.3k $26.3m $26.3m 0.67% New
83 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 534,219534.2k $25.6m $25.6m 0.03% Added +59.7k +59,736
84 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 524,829524.8k $25.2m $25.2m 0.01% Reduced -375.0k -374,975
85 Quadrature Capital Ltd 0.21% of their portfolio LONDON, X0 522,349522.3k $25.0m $25.0m 0.21% Reduced -505.4k -505,399
86 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 520,267520.3k $24.9m $24.9m 0.03% New
87 Marex Group Ltd 0.18% of their portfolio London, X0 518,286518.3k $24.8m $24.8m 0.18% Reduced -185.2k -185,215
88 Quinn Opportunity Partners LLC 1.14% of their portfolio CHARLOTTESVILLE, VA 507,600507.6k $24.3m $24.3m 1.14% Added +60.0k +60,000
89 Boston Partners 0.02% of their portfolio BOSTON, MA 507,489507.5k $24.3m $24.3m 0.02% Added +362.5k +362,469
90 Simplify Asset Management Inc. 0.34% of their portfolio Las Vegas, NV 504,918504.9k $24.2m $24.2m 0.34% Added +177.6k +177,561
91 CIBC WORLD MARKET INC. 0.04% of their portfolio TORONTO, A6 503,634503.6k $24.1m $24.1m 0.04% Reduced -47.0k -46,994
92 ACADEMY CAPITAL MANAGEMENT 3.04% of their portfolio WACO, TX 479,184479.2k $23.0m $23.0m 3.04% Reduced -240.0k -240,046
93 NICHOLS & PRATT ADVISERS LLP /MA 1.39% of their portfolio BOSTON, MA 477,675477.7k $22.9m $22.9m 1.39% Reduced -2.6k -2,644
94 Arax Advisory Partners 0.14% of their portfolio NEW YORK, NY 449,006449.0k $21.5m $21.5m 0.14% Added +443.1k +443,105
95 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 439,134439.1k $21.1m $21.1m 0.01% Reduced -33.0k -32,990
96 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 438,676438.7k $21.0m $21.0m 0.01% Added +15.1k +15,115
97 JIA INVESTMENT ALLIANCE PTE. LTD. 1.91% of their portfolio SINGAPORE, U0 426,700426.7k $20.5m $20.5m 1.91% Unchanged
98 CORDA Investment Management, LLC. 1.23% of their portfolio HOUSTON, TX 418,791418.8k $20.1m $20.1m 1.23% Added +1.9k +1,867
99 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 413,684413.7k $19.8m $19.8m 0.00% Reduced -59.2k -59,190
100 Warther Private Wealth, LLC 4.32% of their portfolio AKRON, OH 411,074411.1k $19.7m $19.7m 4.32% Reduced -108.4k -108,406