NOVO NORDISK A S (NVO) — Institutional Holders, Q2 2026

1,366 institutional investment managers reported a NVO position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $15.6B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← NVO stock profile

NVO in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

207

Added to

468

Trimmed

459

Sold out

118

Biggest buyers

FRED ALGER MANAGEMENTNew · +4,907,570 sh+$235.3M
GOLDMAN SACHS GROUPAdded · +4,059,453 sh+$194.6M
BANK OF NOVA SCOTIAAdded · +3,010,608 sh+$144.3M
NuveenNew · +2,969,256 sh+$142.3M
ACADIAN ASSET MANAGEMENTAdded · +2,286,233 sh+$109.6M

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLPTrimmed · -6,290,535 sh-$301.6M
TWO SIGMA INVESTMENTSTrimmed · -6,270,701 sh-$300.6M
FRANKLIN RESOURCESTrimmed · -3,042,370 sh-$145.9M
Defiance ETFsSold out · -2,192,592 sh-$105.1M
Capital International InvestorsTrimmed · -2,074,670 sh-$99.5M

NVO 13F holders ranked 1–100 of 1,366

Institutional investors reporting a position in NOVO NORDISK A S on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	DODGE & COX#1 · 20,397,110 sh	20,397,110	$977.8M	0.51%	+5.5%
2	LOOMIS SAYLES & L P#2 · 18,594,352 sh	18,594,352	$891.4M	1.12%	+9.3%
3	FRANKLIN RESOURCES#3 · 13,041,109 sh	13,041,109	$625.2M	0.14%	-18.9%
4	PRICE T ROWE ASSOCIATES#4 · 11,704,719 sh	11,704,719	$561.1M	0.06%	+5.8%
5	MORGAN STANLEY#5 · 11,659,869 sh	11,659,869	$559.0M	0.03%	+7.3%
6	BANK OF AMERICA#6 · 11,176,712 sh	11,176,712	$535.8M	0.03%	+3.8%
7	Capital International Investors#7 · 9,721,180 sh	9,721,180	$467.6M	0.10%	-17.6%
8	FOLKETRYGDFONDET#8 · 9,522,383 sh	9,522,383	$456.5M	9.85%	+4.9%
9	GOLDMAN SACHS GROUP#9 · 9,180,490 sh	9,180,490	$440.1M	0.04%	+79.3%
10	Fisher Asset Management#10 · 8,324,948 sh	8,324,948	$399.1M	0.12%	-7.7%
11	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#11 · 8,270,785 sh	8,270,785	$396.5M	0.18%	+5.7%
12	EVERETT HARRIS#12 · 6,475,622 sh	6,475,622	$310.4M	3.81%	+0.8%
13	STATE FARM MUTUAL AUTOMOBILE INSURANCE#13 · 6,142,778 sh	6,142,778	$294.5M	0.20%	0.0%
14	STATE STREET#14 · 5,869,834 sh	5,869,834	$284.6M	<0.01%	+0.6%
15	ROYAL BANK OF CANADA#15 · 5,399,061 sh	5,399,061	$258.8M	0.04%	+19.2%
16	Capital World Investors#16 · 5,205,926 sh	5,205,926	$249.6M	0.03%	-0.1%
17	FRED ALGER MANAGEMENT#17 · 4,907,570 sh	4,907,570	$235.3M	0.78%	New
18	SUSQUEHANNA INTERNATIONAL GROUP, LLP#18 · 4,815,576 sh	4,815,576	$230.9M	0.02%	-56.6%
19	WELLS FARGO & COMPANY#19 · 4,657,642 sh	4,657,642	$223.3M	0.04%	+27.9%
20	ENVESTNET ASSET MANAGEMENT#20 · 4,031,114 sh	4,031,114	$193.3M	0.05%	+1.8%
21	UBS Group AG#21 · 3,984,940 sh	3,984,940	$191.0M	0.02%	-12.7%
22	BlackRock#22 · 3,861,182 sh	3,861,182	$185.1M	<0.01%	+30.8%
23	NORTHERN#23 · 3,693,198 sh	3,693,198	$177.1M	0.02%	+1.0%
24	Saratoga Research & Investment Management#24 · 3,236,009 sh	3,236,009	$155.1M	—	-5.8%
25	BANK OF NOVA SCOTIA#25 · 3,065,015 sh	3,065,015	$146.9M	0.22%	+5533.5%
26	RENAISSANCE TECHNOLOGIES#26 · 3,032,421 sh	3,032,421	$145.4M	0.20%	-10.7%
27	Nuveen#27 · 2,969,256 sh	2,969,256	$142.3M	0.03%	New
28	FAYEZ SAROFIM#28 · 2,924,500 sh	2,924,500	$140.2M	0.33%	-13.9%
29	RAYMOND JAMES FINANCIAL#29 · 2,903,988 sh	2,903,988	$139.2M	0.04%	-17.8%
30	MARKEL GROUP#30 · 2,869,774 sh	2,869,774	$137.6M	1.05%	0.0%
31	BARCLAYS PLC#31 · 2,739,617 sh	2,739,617	$131.3M	0.03%	-16.6%
32	ACADIAN ASSET MANAGEMENT#32 · 2,736,697 sh	2,736,697	$131.2M	0.16%	+507.5%
33	FARALLON CAPITAL MANAGEMENT#33 · 2,619,000 sh	2,619,000	$125.6M	0.58%	+234.9%
34	FMR#34 · 2,306,393 sh	2,306,393	$110.6M	<0.01%	+70.5%
35	MILLENNIUM MANAGEMENT#35 · 2,035,939 sh	2,035,939	$97.6M	0.04%	+44.5%
36	NATIXIS ADVISORS#36 · 2,006,551 sh	2,006,551	$96.2M	0.11%	+49.8%
37	LPL Financial#37 · 1,737,333 sh	1,737,333	$83.3M	0.02%	+31.3%
38	MARSHALL WACE, LLP#38 · 1,707,104 sh	1,707,104	$81.8M	0.06%	-44.0%
39	AMERIPRISE FINANCIAL#39 · 1,688,444 sh	1,688,444	$80.6M	0.02%	-3.4%
40	CAUSEWAY CAPITAL MANAGEMENT#40 · 1,677,615 sh	1,677,615	$80.4M	0.87%	+42.9%
41	MAVERICK CAPITAL LTD#41 · 1,653,872 sh	1,653,872	$79.3M	0.70%	-20.5%
42	JPMORGAN CHASE#42 · 1,612,426 sh	1,612,426	$77.9M	<0.01%	-42.6%
43	Rockefeller Capital Management L.P.#43 · 1,566,451 sh	1,566,451	$75.1M	0.12%	+9.3%
44	STIFEL FINANCIAL#44 · 1,495,517 sh	1,495,517	$71.7M	0.06%	+29.3%
45	BANK OF MONTREAL#45 · 1,492,413 sh	1,492,413	$71.5M	0.02%	+153.3%
46	AMERICAN CENTURY COMPANIES#46 · 1,455,351 sh	1,455,351	$69.8M	0.03%	+20.1%
47	CITADEL ADVISORS#47 · 1,366,275 sh	1,366,275	$65.5M	<0.01%	-50.1%
48	DIMENSIONAL FUND ADVISORS#48 · 1,292,688 sh	1,292,688	$62.0M	0.01%	+3.3%
49	SEI INVESTMENTS#49 · 1,249,186 sh	1,249,186	$59.9M	0.05%	+156.7%
50	Trexquant Investment#50 · 1,227,405 sh	1,227,405	$58.8M	0.35%	+24.9%
51	Cullen Capital Management#51 · 1,224,955 sh	1,224,955	$58.7M	0.58%	+54.6%
52	WCM INVESTMENT MANAGEMENT#52 · 1,181,027 sh	1,181,027	$57.1M	0.10%	+45.6%
53	BALYASNY ASSET MANAGEMENT L.P.#53 · 1,109,982 sh	1,109,982	$53.2M	0.07%	+189.7%
54	VAN ECK ASSOCIATES#54 · 1,045,885 sh	1,045,885	$50.1M	0.03%	-35.5%
55	JONES FINANCIAL COMPANIES LLLP#55 · 1,038,160 sh	1,038,160	$49.9M	0.02%	+139.9%
56	CITIGROUP#56 · 1,006,032 sh	1,006,032	$48.2M	0.02%	-35.0%
57	UNITED CAPITAL FINANCIAL ADVISORS#57 · 1,000,682 sh	1,000,682	$48.0M	0.26%	-4.9%
58	SMITH CHAS P & ASSOCIATES PA CPAS#58 · 950,151 sh	950,151	$45.6M	—	+18.5%
59	MENORA MIVTACHIM LTD.#59 · 926,168 sh	926,168	$44.4M	0.17%	0.0%
60	ADAGE CAPITAL PARTNERS GP, L.L.C.#60 · 877,635 sh	877,635	$42.1M	0.06%	New
61	OPPENHEIMER ASSET MANAGEMENT#61 · 874,376 sh	874,376	$41.9M	0.44%	+4.5%
62	NATIXIS#62 · 824,229 sh	824,229	$39.5M	0.16%	-58.9%
63	BNP PARIBAS FINANCIAL MARKETS#63 · 799,604 sh	799,604	$38.3M	0.01%	+1.5%
64	BNP Paribas Asset Management Holding S.A.#64 · 736,113 sh	736,113	$35.3M	0.04%	New
65	NATIONAL BANK OF CANADA#65 · 731,414 sh	731,414	$35.0M	0.03%	+3.0%
66	TRUIST FINANCIAL#66 · 730,624 sh	730,624	$35.0M	0.04%	-9.9%
67	Hudson Bay Capital Management#67 · 730,000 sh	730,000	$35.0M	0.10%	+483.8%
68	D. E. Shaw#68 · 697,567 sh	697,567	$33.4M	0.02%	-65.8%
69	Invesco Ltd.#69 · 686,121 sh	686,121	$32.9M	<0.01%	-22.6%
70	SNS Financial Group#70 · 669,858 sh	669,858	$32.1M	0.62%	New
71	LAZARD ASSET MANAGEMENT#71 · 657,641 sh	657,641	$31.5M	0.05%	+610.8%
72	Corient Private Wealth#72 · 649,429 sh	649,429	$31.1M	0.04%	-3.5%
73	Creative Planning#73 · 646,107 sh	646,107	$31.0M	0.02%	+43.3%
74	DV EQUITIES#74 · 631,226 sh	631,226	$30.3M	4.34%	—
75	CHARLES SCHWAB INVESTMENT MANAGEMENT#75 · 622,970 sh	622,970	$29.9M	<0.01%	+63.4%
76	Longaeva Partners L.P.#76 · 621,143 sh	621,143	$29.8M	0.65%	New
77	Integral Health Asset Management#77 · 600,000 sh	600,000	$28.8M	1.14%	New
78	Quantinno Capital Management#78 · 593,206 sh	593,206	$28.4M	0.03%	+68.7%
79	CAISSE DE DEPOT ET PLACEMENT DU QUEBEC#79 · 585,509 sh	585,509	$28.1M	0.04%	New
80	OLD MISSION CAPITAL#80 · 548,297 sh	548,297	$26.3M	0.42%	New
81	Cerity Partners#81 · 534,219 sh	534,219	$25.6M	0.03%	+12.6%
82	HSBC PLC#82 · 524,829 sh	524,829	$25.2M	0.01%	-41.7%
83	Quadrature Capital Ltd#83 · 522,349 sh	522,349	$25.0M	0.21%	-49.2%
84	Qube Research & Technologies Ltd#84 · 520,267 sh	520,267	$24.9M	0.02%	New
85	Marex Group plc#85 · 518,286 sh	518,286	$24.8M	0.11%	-26.3%
86	Boston Partners#86 · 507,489 sh	507,489	$24.3M	0.02%	+249.9%
87	Quinn Opportunity Partners#87 · 507,600 sh	507,600	$24.3M	1.13%	+13.4%
88	Simplify Asset Management#88 · 504,918 sh	504,918	$24.2M	0.34%	+54.2%
89	CIBC WORLD MARKET#89 · 503,634 sh	503,634	$24.1M	0.04%	-8.5%
90	ACADEMY CAPITAL MANAGEMENT#90 · 479,184 sh	479,184	$23.0M	3.04%	-33.4%
91	NICHOLS & PRATT ADVISERS LLP#91 · 477,675 sh	477,675	$22.9M	—	-0.6%
92	SRS Capital Advisors#92 · 449,006 sh	449,006	$21.5M	0.14%	+7509.0%
93	SG Americas Securities#93 · 439,134 sh	439,134	$21.1M	0.01%	-7.0%
94	PNC FINANCIAL SERVICES GROUP#94 · 438,676 sh	438,676	$21.0M	0.01%	+3.6%
95	GuoLine Advisory Pte Ltd#95 · 426,700 sh	426,700	$20.5M	—	0.0%
96	CORDA Investment Management#96 · 418,791 sh	418,791	$20.1M	—	+0.4%
97	Bank of New York Mellon#97 · 413,684 sh	413,684	$19.8M	<0.01%	-12.5%
98	Warther Private Wealth#98 · 411,074 sh	411,074	$19.7M	4.32%	-20.9%
99	Analyst IMS Investment Management Services Ltd.#99 · 410,770 sh	410,770	$19.7M	0.46%	-0.2%
100	Mariner#100 · 410,689 sh	410,689	$19.7M	0.02%	+24.2%

Funds that sold out of NVO in Q2 2026 (118)

Held NVO at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held NVO in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
Defiance ETFs2,192,592 sh	2,192,592	$80.6M
JANE STREET GROUP2,024,007 sh	2,024,007	$74.4M
Holocene Advisors1,745,580 sh	1,745,580	$64.2M
IMC-Chicago802,198 sh	802,198	$29.5M
CAPITAL FUND MANAGEMENT S.A.549,373 sh	549,373	$20.2M
Ensign Peak Advisors400,384 sh	400,384	$14.7M
SIMPLEX TRADING392,803 sh	392,803	$14.4M
PEAK6156,695 sh	156,695	$5.8M
Creek Drive Management Group96,000 sh	96,000	$3.5M
LMR Partners LLP63,871 sh	63,871	$2.3M
Motley Fool Wealth Management40,353 sh	40,353	$1.5M
Global X Japan , Ltd.33,802 sh	33,802	$1.2M
Convergence Financial32,878 sh	32,878	$1.2M
LFG Wealth Partners29,136 sh	29,136	$1.1M
Grantham, Mayo, Van Otterloo27,971 sh	27,971	$1.0M
Capstone Capital Management Ltd25,434 sh	25,434	$934.7K
W.G. Shaheen & Associates DBA Whitney25,305 sh	25,305	$929.9K
Trivant Custom Portfolio Group23,445 sh	23,445	$861.6K
Demars Financial Group23,099 sh	23,099	$848.9K
WINTON GROUP Ltd22,200 sh	22,200	$815.9K
NOVEM GROUP20,869 sh	20,869	$766.9K
Patriot Financial Group Insurance Agency20,474 sh	20,474	$752.4K
Disciplined Investors, L.L.C.20,233 sh	20,233	$743.6K
Directional Asset Management20,185 sh	20,185	$741.8K
INTEGRITY ALLIANCE19,983 sh	19,983	$734.4K
Hirtle Callaghan19,457 sh	19,457	$715.0K
SkyView Investment Advisors19,010 sh	19,010	$699.0K
Jain Global17,890 sh	17,890	$657.5K
CenterStar Asset Management16,807 sh	16,807	$616.9K
LEUCADIA NATIONAL16,524 sh	16,524	$607.3K
AR ASSET MANAGEMENT15,862 sh	15,862	$583.0K
SeaCrest Wealth Management14,486 sh	14,486	$532.4K
GREENWOOD CAPITAL ASSOCIATES14,451 sh	14,451	$531.1K
Parallax Volatility Advisers, L.P.11,936 sh	11,936	$470.5K
Giverny Capital12,400 sh	12,400	$455.7K
Farringdon Capital, Ltd.11,598 sh	11,598	$426.2K
J. Goldman11,335 sh	11,335	$416.6K
Legacy Capital Wealth Partners11,330 sh	11,330	$416.4K
Larry Mathis Financial Planning11,029 sh	11,029	$405.3K
Athena Wealth Management10,285 sh	10,285	$378.0K
OXFORD FINANCIAL GROUP, LTD.10,168 sh	10,168	$373.7K
Alyeska Investment Group, L.P.9,684 sh	9,684	$355.9K
Aurora Private Wealth6,883 sh	6,883	$350.0K
Scientech Research9,274 sh	9,274	$340.8K
EVOKE WEALTH8,838 sh	8,838	$335.3K
GUYASUTA INVESTMENT ADVISORS8,537 sh	8,537	$313.7K
GRIFFIN ASSET MANAGEMENT8,472 sh	8,472	$311.3K
Massar Capital Management8,422 sh	8,422	$309.5K
China Universal Asset Management , Ltd.8,100 sh	8,100	$305.1K
Agate Pass Investment Management7,984 sh	7,984	$293.4K
Optas7,674 sh	7,674	$282.0K
BIRCH FINANCIAL GROUP7,471 sh	7,471	$274.6K
Independent Family Office7,425 sh	7,425	$272.9K
Midwest6,853 sh	6,853	$251.8K
Ironsides Asset Advisors6,623 sh	6,623	$243.4K
Cooper Financial Group6,524 sh	6,524	$239.8K
Signature Wealth Management Partners6,377 sh	6,377	$234.4K
Formidable Asset Management4,597 sh	4,597	$233.9K
BANK OF STOCKTON6,293 sh	6,293	$231.3K
Hayek Kallen Investment Management6,235 sh	6,235	$229.0K
Circle Wealth Management6,076 sh	6,076	$223.3K
Capital Investment Advisors6,002 sh	6,002	$220.6K
Van Diest Capital5,958 sh	5,958	$218.9K
Iron Gate Global Advisors5,888 sh	5,888	$216.4K
Advisors Capital Management5,635 sh	5,635	$207.1K
BINGHAM PRIVATE WEALTH5,621 sh	5,621	$206.6K
North Berkeley Wealth Management5,500 sh	5,500	$202.1K
Phillips Wealth Planners4,321 sh	4,321	$200.5K
Hyposwiss Advisors SA4,820 sh	4,820	$177.1K
Belvedere Trading4,326 sh	4,326	$159.0K
EDMOND DE ROTHSCHILD HOLDING S.A.4,100 sh	4,100	$150.6K
MSA Advisors3,500 sh	3,500	$128.6K
SUMMIT SECURITIES GROUP3,400 sh	3,400	$125.0K
Opal Wealth Advisors3,397 sh	3,397	$124.8K
Sound Income Strategies1,592 sh	1,592	$58.1K
Lloyd Advisory Services1,441 sh	1,441	$53.0K
Destiny Wealth Partners1,192 sh	1,192	$43.8K
Missouri & Investment800 sh	800	$29.4K
Scarborough Advisors717 sh	717	$26.4K
Root Financial Partners697 sh	697	$25.6K
TWIN PEAKS WEALTH ADVISORS695 sh	695	$25.5K
Wall Street Financial Group512 sh	512	$18.8K
Roxbury Financial500 sh	500	$18.4K
DAGCO450 sh	450	$16.5K
CURIO WEALTH415 sh	415	$15.3K
MRP Capital Investments400 sh	400	$14.7K
Berbice Capital Management400 sh	400	$14.7K
Golden State Equity Partners325 sh	325	$11.9K
Silicon Valley Capital Partners276 sh	276	$10.1K
EVERMAY WEALTH MANAGEMENT250 sh	250	$9.5K
Intentional Wealth Strategies253 sh	253	$9.3K
Kohmann Bosshard Financial Services246 sh	246	$9.0K
VISION FINANCIAL MARKETS200 sh	200	$7.3K
Magnolia Wealth Management197 sh	197	$7.2K
Sachetta178 sh	178	$6.8K
Tacita Capital169 sh	169	$6.2K
REAP Financial Group155 sh	155	$5.7K
United Community Bank142 sh	142	$5.2K
Rachor Investment Advisory Services139 sh	139	$5.1K
Financial Freedom115 sh	115	$4.2K

And 18 smaller positions.

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.