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NVO

Novo Nordisk

1,350 hedge funds and large institutions have $15.6B invested in Novo Nordisk in 2026 Q2 according to their latest regulatory filings, with 215 funds opening new positions, 464 increasing their positions, 459 reducing their positions, and 117 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more first-time investments, than exits

New positions opened: 215 | Existing positions closed: 117

27% more funds holding in top 10

Funds holding in top 10: 1114 (+3)

26% more capital invested

Capital invested by funds: $12.4B → $15.6B (+$3.26B)

6% more funds holding

Funds holding: 1,2771,350 (+73)

1% more repeat investments, than reductions

Existing positions increased: 464 | Existing positions reduced: 459

0.01% more ownership

Funds ownership: 9.62%9.62% (+0.01%)

9% less call options, than puts

Call options by funds: $2.35B | Put options by funds: $2.58B

Holders
1,350
Holders Change
+73
Holders Change %
+5.72%
% of All Funds
16.31%
Holding in Top 10
14
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+27.27%
% of All Funds
0.17%
New
215
Increased
464
Reduced
459
Closed
117
Calls
$2.35B
Puts
$2.58B
Net Calls
-$225M
Net Calls Change
+$475M
Name Holding Trade Value Shares
Change
Change in
Stake
AA
276
Auxano Advisors
Washington
$3.45M +$325K +7,559 +12%
New York State Common Retirement Fund
277
New York State Common Retirement Fund
New York
$3.44M -$1.2M -27,922 -28%
DC
278
Davenport & Co
Virginia
$3.42M -$575K -13,376 -16%
AI
279
Aperture Investors
New York
$3.38M
BDA
280
Borer Denton & Associates
Pennsylvania
$3.37M -$131K -3,040 -4%
PHS
281
Pekin Hardy Strauss
Illinois
$3.36M +$3.01M +70,160 New
MCM
282
Mengis Capital Management
Oregon
$3.36M -$9.41K -219 -0.3%
KIG
283
Kennedy Investment Group
New Jersey
$3.33M +$978K +22,755 +49%
NP
284
Nilsine Partners
Colorado
$3.33M -$35.9K -836 -1%
FT
285
Fiduciary Trust
Massachusetts
$3.32M -$893K -20,792 -23%
GCM
286
Gunderson Capital Management
South Carolina
$3.27M -$44.3K -1,032 -1%
HC
287
Hara Capital
Washington
$3.26M -$1.15M -26,714 -28%
TSW
288
Thompson Siegel & Walmsley
Virginia
$3.26M +$45.3K +1,054 +2%
LIP
289
Lighthouse Investment Partners
Florida
$3.24M +$2.9M +67,554 New
ClearBridge Investments
290
ClearBridge Investments
New York
$3.23M +$2.57M +59,776 +785%
EF
291
Empowered Funds
Pennsylvania
$3.18M +$520K +12,102 +22%
RA
292
RFG Advisory
Alabama
$3.17M +$944K +21,962 +50%
BHB
293
Bank Hapoalim BM
Israel
$3.16M +$80.3K +1,868 +3%
ECM
294
EagleClaw Capital Management
Massachusetts
$3.05M -$23.6K -550 -0.9%
BHPW
295
Beverly Hills Private Wealth
California
$3.05M +$568K +13,219 +26%
RSCM
296
Rock Springs Capital Management
Maryland
$3.04M -$1.14M -26,500 -29%
MIC
297
Meridian Investment Counsel
California
$3.02M +$38.6K +899 +1%
Group One Trading
298
Group One Trading
Illinois
$3.02M -$1.78M -41,409 -40%
SIC
299
Salem Investment Counselors
North Carolina
$2.96M +$457K +10,634 +21%
TBC
300
Ted Buchan & Co
California
$2.94M -$410K -9,535 -13%

NVO Hedge Fund Activity: Q2 2026 in Review

1,350 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in Novo Nordisk (NVO) for Q2 2026, worth a combined $15.6B — up 26% from $12.4B a quarter earlier.

Buyers outnumbered sellers: 215 funds opened new NVO positions and 117 closed out — a net gain of 98 holders — while 464 added to existing stakes and 459 trimmed.

The largest buyer was Fred Alger Management, opening a new position worth an estimated $211M. The largest seller was Susquehanna International Group, cutting an estimated $270M.

  • 1,350 institutional investors held Novo Nordisk (NVO) as of Q2 2026, up from 1,277 in Q1 2026.
  • Funds reported $15.6B of Novo Nordisk stock for Q2 2026, up 26% quarter-over-quarter.
  • 215 funds opened new Novo Nordisk positions in Q2 2026 and 117 closed out, a net change of +98 holders.
  • The largest Novo Nordisk buyer in Q2 2026 was Fred Alger Management, an estimated $211M added.
  • The largest Novo Nordisk seller in Q2 2026 was Susquehanna International Group, an estimated $270M sold.

Based on aggregated 13F filings for Q2 2026.