SC
NVO

Saturna Capital’s Novo Nordisk NVO Stock Holding History

Saturna Capital’s Portfolio NVO Stock Details NVO Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$65.8M Sell
1,790,627
-281,992
-14% -$13.4M 0.92% 29
2025
Q4 		$105M Sell
2,072,619
-2,034
-0.1% -$104K 1.4% 21
2025
Q3 		$115M Sell
2,074,653
-49,039
-2% -$2.87M 1.48% 22
2025
Q2 		$147M Sell
2,123,692
-21,067
-1% -$1.43M 1.98% 17
2025
Q1 		$149M Buy
2,144,759
+32,811
+2% +$2.71M 2.23% 16
2024
Q4 		$182M Sell
2,111,948
-20,090
-0.9% -$2.17M 2.46% 12
2024
Q3 		$254M Sell
2,132,038
-3,967
-0.2% -$529K 3.32% 7
2024
Q2 		$305M Sell
2,136,005
-3,686
-0.2% -$488K 4.05% 6
2024
Q1 		$275M Buy
2,139,691
+12,917
+0.6% +$1.54M 3.79% 6
2023
Q4 		$220M Sell
2,126,774
-2,250
-0.1% -$223K 3.43% 6
2023
Q3 		$194M Sell
2,129,024
-5,300
-0.2% -$467K 3.42% 4
2023
Q2 		$173M Sell
2,134,324
-2,250
-0.1% -$184K 2.99% 6
2023
Q1 		$170M Sell
2,136,574
-750
-0% -$53.2K 3.29% 6
2022
Q4 		$145M Sell
2,137,324
-5,818
-0.3% -$341K 3.11% 6
2022
Q3 		$107M Buy
2,143,142
+530
+0% +$28.4K 2.6% 8
2022
Q2 		$119M Sell
2,142,612
-4,920
-0.2% -$273K 2.82% 8
2022
Q1 		$119M Sell
2,147,532
-4,000
-0.2% -$205K 2.4% 12
2021
Q4 		$120M Buy
2,151,532
+9,346
+0.4% +$506K 2.16% 14
2021
Q3 		$110M Sell
2,142,186
-16,340
-0.8% -$790K 2.22% 13
2021
Q2 		$90.4M Buy
2,158,526
+4,300
+0.2% +$167K 1.85% 14
2021
Q1 		$72.6M Buy
2,154,226
+9,900
+0.5% +$353K 1.62% 20
2020
Q4 		$74.9M Buy
2,144,326
+2,350
+0.1% +$81.2K 1.69% 20
2020
Q3 		$74.4M Hold
2,141,976
– – 1.89% 15
2020
Q2 		$70.1M Hold
2,141,976
– – 1.97% 15
2020
Q1 		$68.5M Buy
2,141,976
+1,714
+0.1% +$51K 2.22% 12
2019
Q4 		$61.9M Buy
2,140,262
+2,862
+0.1% +$79.2K 1.68% 20
2019
Q3 		$55.3M Buy
2,137,400
+3,344
+0.2% +$84.6K 1.6% 23
2019
Q2 		$54.5M Hold
2,134,056
– – 1.6% 23
2019
Q1 		$55.8M Sell
2,134,056
-1,172
-0.1% -$28.8K 1.63% 21
2018
Q4 		$49.2M Buy
2,135,228
+900
+0% +$20K 1.66% 21
2018
Q3 		$50.3M Sell
2,134,328
-2,600
-0.1% -$63.5K 1.47% 28
2018
Q2 		$49.3M Hold
2,136,928
– – 1.58% 23
2018
Q1 		$52.6M Buy
2,136,928
+324
+0% +$8.51K 1.67% 22
2017
Q4 		$57.3M Buy
2,136,604
+400
+0% +$10.2K 1.76% 19
2017
Q3 		$51.4M Buy
2,136,204
+4,236
+0.2% +$95.7K 1.67% 21
2017
Q2 		$45.7M Sell
2,131,968
-2,200
-0.1% -$44.4K 1.52% 25
2017
Q1 		$36.6M Sell
2,134,168
-5,530
-0.3% -$96.3K 1.24% 40
2016
Q4 		$38.4M Sell
2,139,698
-195,610
-8% -$3.55M 1.35% 36
2016
Q3 		$48.6M Buy
2,335,308
+9,602
+0.4% +$238K 1.58% 18
2016
Q2 		$62.5M Sell
2,325,706
-2,336
-0.1% -$64.1K 2% 11
2016
Q1 		$64.9M Sell
2,328,042
-464
-0% -$12.4K 2.08% 9
2015
Q4 		$67.6M Buy
2,328,506
+13,408
+0.6% +$371K 2.09% 9
2015
Q3 		$62.8M Sell
2,315,098
-70,000
-3% -$1.98M 1.97% 11
2015
Q2 		$65.3M Sell
2,385,098
-78,816
-3% -$2.22M 1.83% 12
2015
Q1 		$65.8M Buy
2,463,914
+914
+0% +$21K 1.76% 12
2014
Q4 		$52.1M Buy
2,463,000
+3,700
+0.2% +$82.6K 1.36% 22
2014
Q3 		$58.6M Hold
2,459,300
– – 1.57% 13
2014
Q2 		$56.8M Hold
2,459,300
– – 1.48% 16
2014
Q1 		$56.1M Hold
2,459,300
– – 1.48% 14
2013
Q4 		$45.4M Hold
2,459,300
– – 1.16% 27
2013
Q3 		$41.6M Hold
2,459,300
– – 1.11% 29
2013
Q2 		$38.1M Buy
+2,459,300
New +$40.9M 1.04% 33

Other funds holding NVO

Dodge & Cox
Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return
Loomis, Sayles & Company
Loomis, Sayles & Company Boston, Massachusetts $74.3B AUM 24.01% 1-Year Est. Return
Franklin Resources
Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return
Capital International Investors
Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return
Susquehanna International Group
Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return
DAM
Diamant Asset Management Ridgefield, Connecticut $137B AUM 18.02% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
F
Folketrygdfondet Oslo Norway, Norway $5.64B AUM 47.16% 1-Year Est. Return

Saturna Capital's NVO Position: Q1 2026 in Review

Saturna Capital reduced its Novo Nordisk (NVO) stake by 14% in Q1 2026, selling an estimated $13.4M and leaving 1,790,627 shares worth $65.8M. The position accounts for 0.92% of the portfolio, ranked #29.

Saturna Capital first reported a position in NVO in Q2 2013 and has held it in 52 quarters since. The position peaked at $305M in Q2 2024. 1,271 funds tracked by Wall St. Rank hold NVO as of Q1 2026.

  • Saturna Capital held 1,790,627 shares of Novo Nordisk worth $65.8M as of Q1 2026.
  • Saturna Capital sold 281,992 Novo Nordisk shares in Q1 2026, an estimated $13.4M.
  • Novo Nordisk made up 0.92% of Saturna Capital's portfolio in Q1 2026, its #29 holding.
  • Saturna Capital first reported a position in Novo Nordisk in Q2 2013 and has held it in 52 quarters since.
  • Saturna Capital's Novo Nordisk position peaked at $305M in Q2 2024.
  • 1,271 funds tracked by Wall St. Rank held Novo Nordisk as of Q1 2026.

Based on Saturna Capital's 13F filing for Q1 2026, filed 12 May 2026.