Novartis

NVS • NYSE

Novartis is a publicly traded company on NYSE. As of Q3 2025, 1,282 institutional investors hold shares in this company, with total holdings valued at $16.5B. DODGE & COX is the largest holder with a position valued at $1.4B.

Employees76.1K

Websitenovartis.com

Overview

Overview of institutional ownership in NVS as of Q3 2025

All Institutions

Institutions: 1,282
Value Held: $16.5B
Shares Held: 128.9M
Avg Position: $12.9M
Median Position: $634.0K

Hedge Funds

Hedge Funds: 29
Value Held: $444.3M
Shares Held: 3.5M
Avg Position: $15.3M
Median Position: $1.3M

Biggest Investors

Institutions with the largest positions in NVS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
DODGE & COX Long Only Manager	Dana Morton Emery CEO	$1.4B 0.73% of portfolio	0.00% 10.6M shares	Q4 2022 Held for 2y 11m	$185.33B
PRIMECAP MANAGEMENT CO/CA/ Long Only Manager	Theofanis A Kolokotrones Chairman	$1.2B 0.93% of portfolio	0.00% 9.3M shares	Q4 2022 Held for 2y 11m	$128.84B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$1.1B 0.24% of portfolio	0.00% 8.8M shares	Q1 2023 Held for 2y 8m	$466.32B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$991.2M 0.06% of portfolio	0.00% 7.7M shares	Q4 2022 Held for 2y 11m	$1.65T
F Fisher Asset Management, LLC Institution	-	$928.4M 0.34% of portfolio	0.00% 7.2M shares	Q1 2023 Held for 2y 8m	$276.29B
LOOMIS SAYLES & CO L P Long Only Manager	Kevin Patrick Charleston CEO	$726.5M 0.87% of portfolio	0.00% 5.7M shares	Q2 2025 Held for 5 months	$83.7B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$590.7M 0.04% of portfolio	0.00% 4.6M shares	Q4 2022 Held for 2y 11m	$1.33T
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$520.6M 0.13% of portfolio	0.00% 4.1M shares	Q4 2022 Held for 2y 11m	$395.36B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$378.3M 0.05% of portfolio	0.00% 2.9M shares	Q4 2022 Held for 2y 11m	$691.34B
B BlackRock, Inc. Institution	-	$324.5M 0.01% of portfolio	0.00% 2.5M shares	Q4 2022 Held for 2y 11m	$5.67T

Net Capital Flow

Institutional buying and selling activity for NVS in Q3 2025

Traded: +$246.7M
Buyers: 552
Sellers: 505
Total Bought: +$1.1B
Total Sold: −$898.8M
Avg Position: $12.2M

Biggest Buyers

Institution	Net Bought	Current Position
GQG Partners LLC Long Only Manager	+$282.2M +2.2M shares	$290.2M 2.3M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$92.4M +720.9K shares	$211.4M 1.6M shares
BANK OF MONTREAL /CAN/ Institution	+$61.6M +480.2K shares	$134.0M 1.0M shares
GOLDMAN SACHS GROUP INC Institution	+$52.3M +407.8K shares	$378.3M 2.9M shares
HARDING LOEVNER LP Long Only Manager	+$40.6M +316.4K shares	$80.8M 630.0K shares
Toroso Investments, LLC ETF Provider	+$37.5M +292.6K shares	$38.7M 301.4K shares
WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC RIA/Wealth	+$34.1M +265.9K shares	$77.8M 606.8K shares
UBS Group AG Institution	+$31.5M +245.3K shares	$205.5M 1.6M shares
MML INVESTORS SERVICES, LLC RIA/Wealth	+$27.8M +25.8K shares	$27.8M 217.0K shares
B BlackRock, Inc. Institution	+$26.8M +209.1K shares	$324.5M 2.5M shares

Biggest Sellers

Institution	Net Sold	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$140.8M −1.1M shares	$180.1M 1.4M shares
PRIMECAP MANAGEMENT CO/CA/ Long Only Manager	−$135.9M −1.1M shares	$1.2B 9.3M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$90.4M −746.7K shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$53.9M −420.3K shares	$240.8M 1.9M shares
O Optiver Holding B.V. Institution	−$45.5M −355.1K shares	$20.5M 160.1K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$38.8M −302.8K shares	$4.1M 31.7K shares
Marshall Wace LLP Institution	−$33.7M −263.1K shares	$149.9M 1.2M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$28.2M −220.2K shares	$1.1B 8.8M shares
PRINCIPAL FINANCIAL GROUP INC Institution	−$26.1M −203.3K shares	$267.8M 2.1M shares
A ABC ARBITRAGE SA Institution	−$25.3M −208.7K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 59
New Value: $63.6M
Exited Positions: 76
Exited Value: $182.6M

New Positions

Institution	Position Value
MML INVESTORS SERVICES, LLC RIA/Wealth	$27.8M 217.0K shares
N NEW YORK STATE COMMON RETIREMENT FUND Institution	$13.6M 106.3K shares
F FACTORY MUTUAL INSURANCE CO Institution	$4.6M 35.8K shares
A Abundance Wealth Counselors RIA/Wealth	$2.2M 16.9K shares
Kiker Wealth Management, LLC RIA/Wealth	$1.5M 11.7K shares
Dynasty Wealth Management, LLC Fund of Funds	$1.5M 11.6K shares
F Financial Engines Advisors L.L.C. Institution	$858.2K 6.7K shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	$854.6K 6.7K shares
SYKON CAPITAL LLC RIA/Wealth	$821.1K 6.4K shares
Investment Research Partners LLC Hedge Fund•Multi-Strategy	$745.3K 6.1K shares

Exited Positions

Institution	Previous Position
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$90.4M 746.7K shares
A ABC ARBITRAGE SA Institution	$25.3M 208.7K shares
Point72 Europe LLP Digital Asset Manager	$22.5M 186.1K shares
L LEGAL & GENERAL GROUP PLC Institution	$7.9M 65.2K shares
WHITTIER TRUST CO RIA/Wealth	$6.7M 55.0K shares
D DRW Securities, LLC Institution	$3.5M 28.6K shares
WHITTIER TRUST CO OF NEVADA INC RIA/Wealth	$3.3M 26.9K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$2.5M 20.8K shares
Lighthouse Investment Partners, LLC Fund of Funds	$1.7M 14.0K shares
GLUSKIN SHEFF & ASSOC INC Long Only Manager	$1.6M 13.1K shares

Options Activity

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

Call Positions: 18
Call Value: $198.6M
Put Positions: 16
Put Value: $285.1M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$72.6M 5.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$52.6M 4.1K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$29.6M 2.3K contracts
L LMR Partners LLP Institution	$8.6M 674.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$8.2M 640.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$5.2M 402.0 contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$3.9M 308.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$3.9M 304.0 contracts
B Belvedere Trading LLC Institution	$3.9M 286.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.1M 251.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$158.2M 12.3K contracts
Walleye Trading LLC RIA/Wealth	$29.3M 2.3K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$25.6M 2.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$23.0M 1.8K contracts
L LMR Partners LLP Institution	$16.6M 1.3K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$10.0M 778.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$9.9M 772.0 contracts
P PEAK6 LLC Institution	$5.5M 425.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.9M 234.0 contracts
J JANE STREET GROUP, LLC Institution	$2.4M 187.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
West Oak Capital, LLC RIA/Wealth	Lisa Tyler Snider Executive	30.12% $27.5K	0.00% 21.4K shares	Q2 2024 Held for 1y 5m	$91.2K
Foresight Global Investors, Inc. RIA/Wealth	Ajay Mehra President	13.07% $22.0M	0.00% 171.7K shares	Q3 2023 Held for 2y 2m	$168.4M
Promethos Capital, LLC Private Equity	Wilfredo Igone Rodriguez CFO	7.28% $26.5M	0.00% 207.2K shares	Q1 2024 Held for 1y 8m	$364.5M
Martin Investment Management, LLC RIA/Wealth	Patrick Albert Martin Managing Partner	7.10% $27.9M	0.00% 217.7K shares	Q4 2022 Held for 2y 11m	$393.5M
GARLAND CAPITAL MANAGEMENT INC RIA/Wealth	John Thomas Garland President	5.59% $406.5K	0.00% 3.2K shares	Q4 2022 Held for 2y 11m	$7.3M
SCHARF INVESTMENTS, LLC RIA/Wealth	Brian Alan Krawez President	4.32% $155.3M	0.00% 1.2M shares	Q4 2022 Held for 2y 11m	$3.6B
C Coleford Investment Management Ltd. Institution	-	4.19% $17.4M	0.00% 136.1K shares	Q4 2024 Held for 11 months	$416.4M
WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC RIA/Wealth	Kimberly Ann Bright CCO	3.67% $77.8M	0.00% 606.8K shares	Q4 2022 Held for 2y 11m	$2.1B
MANAGED ASSET PORTFOLIOS, LLC Long Only Manager	Michael Stephen Dzialo President	3.26% $25.5M	0.00% 198.7K shares	Q2 2023 Held for 2y 5m	$781.9M
Cullen Capital Management, LLC Long Only Manager	James Patrick Cullen CEO	2.90% $265.5M	0.00% 2.1M shares	Q4 2022 Held for 2y 11m	$9.1B

Hedge Fund Spotlight

Discover hedge funds investing in NVS

HBK Sorce Advisory LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerMatthew Atcheson Leffers

Portfolio Value: $4.1B
Positions: 732
Last Reported: Q3 2025

Sector Allocation

Position in Novartis

Market Value: $446.8K
Shares Held: 3.4K
Portfolio Weight: 0.01%
Owned Since: 2023-Q1

Top Holding	Sector	Market Value	Weight
1 SCHX Schwab U.S. Large-Cap ETF SCHX	ETF ETF	$897.0M	21.96%
2 VCRB Vanguard Core Bond VCRB	ETF ETF	$680.4M	16.66%
3 Vanguard FTSE Developed Markets VEA	ETF ETF	$464.3M	11.37%

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