Novo Nordisk

NVO • NYSE

Novo Nordisk is a publicly traded company on NYSE. As of Q3 2025, 1,269 institutional investors hold shares in this company, with total holdings valued at $15.4B. Capital International Investors is the largest holder with a position valued at $983.0M.

Employees66.0K

Websitenovonordisk.com

Overview

Overview of institutional ownership in NVO as of Q3 2025

All Institutions

Institutions: 1,269
Value Held: $15.4B
Shares Held: 277.3M
Avg Position: $12.1M
Median Position: $719.2K

Hedge Funds

Hedge Funds: 61
Value Held: $835.8M
Shares Held: 15.0M
Avg Position: $13.7M
Median Position: $2.8M

Biggest Investors

Institutions with the largest positions in NVO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
C Capital International Investors Institution	-	$983.0M 0.16% of portfolio	0.00% 17.7M shares	Q4 2022 Held for 2y 11m	$615.90B
LOOMIS SAYLES & CO L P Long Only Manager	Jack "Nmn" Tabacinic CEO	$897.0M 1.07% of portfolio	0.00% 16.2M shares	Q2 2025 Held for 5 months	$83.7B
FMR LLC Institution	-	$781.0M 0.04% of portfolio	0.00% 14.1M shares	Q4 2022 Held for 2y 11m	$1.92T
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$776.0M 0.20% of portfolio	0.00% 14.0M shares	Q4 2022 Held for 2y 11m	$395.56B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$743.8M 0.06% of portfolio	0.00% 13.4M shares	Q4 2022 Held for 2y 11m	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$688.8M 0.04% of portfolio	0.00% 12.4M shares	Q4 2022 Held for 2y 11m	$1.65T
F Fisher Asset Management, LLC Institution	-	$572.8M 0.21% of portfolio	0.00% 10.3M shares	Q1 2023 Held for 2y 8m	$276.29B
F FOLKETRYGDFONDET Institution	-	$566.7M 15.87% of portfolio	0.00% 10.2M shares	Q4 2022 Held for 2y 11m	$3.6B
FAYEZ SAROFIM & CO Long Only Manager	Jr. William Lee CEO	$408.1M 0.95% of portfolio	0.00% 7.4M shares	Q4 2022 Held for 2y 11m	$43.1B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$372.7M 0.05% of portfolio	0.00% 6.7M shares	Q2 2025 Held for 5 months	$691.34B

Net Capital Flow

Institutional buying and selling activity for NVO in Q3 2025

Net Flow: −$1.2B
Buyers: 478
Sellers: 698
Total Bought: +$2.8B
Total Sold: −$4.0B
Avg Position: $10.8M

Biggest Buyers

Institution	Net Bought	Current Position
FRANKLIN RESOURCES INC Institution	+$757.9M +13.7M shares	$776.0M 14.0M shares
C Capital International Investors Institution	+$338.1M +6.1M shares	$983.0M 17.7M shares
LOOMIS SAYLES & CO L P Long Only Manager	+$199.2M +3.6M shares	$897.0M 16.2M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$151.8M +2.7M shares	$173.8M 3.1M shares
GOLDMAN SACHS GROUP INC Institution	+$118.0M +2.1M shares	$372.7M 6.7M shares
JPMORGAN CHASE & CO Institution	+$115.6M +2.1M shares	$300.1M 5.4M shares
UBS Group AG Institution	+$101.7M +1.8M shares	$204.8M 3.7M shares
J JANE STREET GROUP, LLC Institution	+$79.2M +1.4M shares	$121.3M 2.2M shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$60.4M +1.1M shares	$60.4M 1.1M shares
D D. E. Shaw & Co., Inc. Institution	+$58.2M +1.0M shares	$58.2M 1.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
JENNISON ASSOCIATES LLC Long Only Manager	−$979.9M −17.7M shares	$68.0M 1.2M shares
Clearbridge Investments, LLC Long Only Manager	−$406.9M −7.3M shares	$49.4M 890.7K shares
Sustainable Growth Advisers, LP Long Only Manager	−$343.3M −6.2M shares	$309.2K 5.6K shares
FAYEZ SAROFIM & CO Long Only Manager	−$174.8M −3.2M shares	$408.1M 7.4M shares
N Nuveen, LLC Institution	−$144.6M −2.1M shares	Sold Off 0 shares
DSM CAPITAL PARTNERS LLC Long Only Manager	−$121.5M −1.8M shares	Sold Off 0 shares
Magellan Asset Management Ltd Long Only Manager	−$115.8M −1.7M shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$114.0M −2.1M shares	$159.9M 2.9M shares
MORGAN STANLEY RIA/Wealth	−$103.8M −1.9M shares	$688.8M 12.4M shares
TIGER GLOBAL MANAGEMENT LLC Hedge Fund•Long/Short	−$87.6M −1.3M shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited NVO in Q3 2025

New Positions: 102
New Value: $584.1M
Exited Positions: 217
Exited Value: $823.2M

New Positions

Institution	Position Value
Robeco Investment Management, Inc. Long Only Manager	$310.2M 5.6M shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$78.9M 1.4M shares
BARCLAYS PLC Institution	$47.8M 861.0K shares
MACKENZIE FINANCIAL CORP Long Only Manager	$16.1M 289.6K shares
B BLKBRD Asset Management, LP Hedge Fund•Quant	$15.5M 279.0K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$12.8M 230.1K shares
Quinn Opportunity Partners LLC Hedge Fund•Event Driven	$12.5M 226.0K shares
FOUNDATION RESOURCE MANAGEMENT INC Long Only Manager	$9.3M 167.8K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$7.7M 138.9K shares
G GF FUND MANAGEMENT CO. LTD. Institution	$6.7M 120.0K shares

Exited Positions

Institution	Previous Position
N Nuveen, LLC Institution	$144.6M 2.1M shares
DSM CAPITAL PARTNERS LLC Long Only Manager	$121.5M 1.8M shares
Magellan Asset Management Ltd Long Only Manager	$115.8M 1.7M shares
TIGER GLOBAL MANAGEMENT LLC Hedge Fund•Long/Short	$87.6M 1.3M shares
Holocene Advisors, LP Hedge Fund•Long/Short	$25.7M 373.0K shares
Clark Capital Management Group, Inc. RIA/Wealth	$22.0M 318.9K shares
A AXA Institution	$18.5M 267.9K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$18.0M 260.6K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$17.7M 256.2K shares
B BARLOW WEALTH PARTNERS, INC. RIA/Wealth	$16.5M 237.0K shares

Options Activity

Institutions with the largest Call and Put options positions in NVO as of Q3 2025

Call Positions: 58
Call Value: $1.5B
Put Positions: 43
Put Value: $2.4B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$378.4M 68.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$337.8M 60.9K contracts
J JANE STREET GROUP, LLC Institution	$116.3M 21.0K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$109.3M 19.7K contracts
Q Qube Research & Technologies Ltd Institution	$66.6M 12.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$61.6M 11.1K contracts
W WOLVERINE TRADING, LLC Institution	$58.3M 10.5K contracts
BARCLAYS PLC Institution	$50.9M 9.2K contracts
UBS Group AG Institution	$49.0M 8.8K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$38.1M 6.9K contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$579.2M 104.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$382.1M 68.9K contracts
J JANE STREET GROUP, LLC Institution	$240.9M 43.4K contracts
GOLDMAN SACHS GROUP INC Institution	$155.5M 28.0K contracts
D D. E. Shaw & Co., Inc. Institution	$139.1M 25.1K contracts
BARCLAYS PLC Institution	$133.1M 24.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$103.2M 18.6K contracts
UBS Group AG Institution	$100.8M 18.2K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$85.0M 15.3K contracts
P PEAK6 LLC Institution	$70.9M 12.8K contracts

Most Committed Institutions

Institutions with NVO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
F FOLKETRYGDFONDET Institution	-	15.87% $566.7M	0.00% 10.2M shares	Q4 2022 Held for 2y 11m	$3.6B
Penbrook Management LLC RIA/Wealth	Robert Stephen Anderson Managing Partner	12.09% $17.3M	0.00% 311.6K shares	Q4 2022 Held for 2y 11m	$143.0M
L Lind Value II ApS Institution	-	6.26% $16.6M	0.00% 299.1K shares	Q1 2025 Held for 8 months	$265.0M
Saratoga Research & Investment Management Long Only Manager	Kevin Peter Tanner CEO	5.58% $102.9M	0.00% 1.9M shares	Q4 2022 Held for 2y 11m	$1.8B
Foresight Global Investors, Inc. RIA/Wealth	Ajay Mehra President	5.45% $9.2M	0.00% 165.3K shares	Q2 2025 Held for 5 months	$168.4M
Warther Private Wealth, LLC RIA/Wealth	Robert Wayne Warther CEO	5.36% $22.6M	0.00% 408.0K shares	Q1 2024 Held for 1y 8m	$422.7M
XXEC, Inc. RIA/Wealth	Fredric Eliot Russell CEO	5.02% $5.5M	0.00% 99.1K shares	Q4 2024 Held for 11 months	$109.6M
Birch Capital Management, LLC RIA/Wealth	Barclay D Nelson Managing Partner	4.48% $8.8M	0.00% 158.4K shares	Q2 2022 Held for 3y 5m	$196.0M
E EVERETT HARRIS & CO /CA/ RIA/Wealth	Oliver Northcote Crary CEO	4.41% $354.8M	0.00% 6.4M shares	Q1 2023 Held for 2y 8m	$8.1B
B BLKBRD Asset Management, LP Hedge Fund•Quant	Daniel Dominic Izzo Founder	4.31% $15.5M	0.00% 279.0K shares	Q3 2025 Held for 2 months	$358.8M

Hedge Fund Spotlight

Discover hedge funds investing in NVO

CAPSTONE INVESTMENT ADVISORS, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerPaul Matthew Britton

Portfolio Value: $9.4B
Positions: 1,012
Last Reported: Q3 2025

Sector Allocation

Position in Novo Nordisk

Market Value: $204.5K
Shares Held: 3.7K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

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