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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
CCM
51
Cullen Capital Management
New York
$58.7M +$18.6M +432,600 +55%
WCM Investment Management
52
WCM Investment Management
California
$57.1M +$15.9M +370,030 +46%
Balyasny Asset Management
53
Balyasny Asset Management
Illinois
$53.2M +$31.2M +726,836 +190%
VanEck Associates
54
VanEck Associates
New York
$50.1M -$24.7M -575,596 -35%
Jones Financial Companies
55
Jones Financial Companies
Missouri
$49.9M +$26M +605,390 +140%
Citigroup
56
Citigroup
New York
$48.2M -$23.3M -541,623 -35%
UCFA
57
United Capital Financial Advisors
Texas
$48M -$2.23M -51,940 -5%
MMH
58
Menora Mivtachim Holdings
Israel
$44.4M
Adage Capital Partners
59
Adage Capital Partners
Massachusetts
$42.1M +$37.7M +877,635 New
OAM
60
Oppenheimer Asset Management
New York
$41.9M +$1.63M +37,916 +5%
N
61
Natixis
France
$39.5M -$50.7M -1,181,056 -59%
BNP Paribas Financial Markets
62
BNP Paribas Financial Markets
France
$38.3M +$516K +12,004 +2%
XI
63
XXEC Inc
Oklahoma
$37.3M +$12.3M +285,368 +52%
BNP Paribas Asset Management
64
BNP Paribas Asset Management
France
$35.3M +$31.6M +736,113 New
National Bank of Canada
65
National Bank of Canada
Quebec, Canada
$35M +$917K +21,332 +3%
Truist Financial
66
Truist Financial
North Carolina
$35M -$3.46M -80,448 -10%
Hudson Bay Capital Management
67
Hudson Bay Capital Management
Connecticut
$35M +$26M +604,962 +484%
D.E. Shaw & Co
68
D.E. Shaw & Co
New York
$33.4M -$57.6M -1,341,539 -66%
Invesco
69
Invesco
Georgia
$32.9M -$8.61M -200,355 -23%
SFG
70
SNS Financial Group
Minnesota
$32.1M +$28.8M +669,858 New
Corient Private Wealth
71
Corient Private Wealth
Florida
$31.6M -$551K -12,826 -2%
Lazard Asset Management
72
Lazard Asset Management
New York
$31.5M +$24.3M +565,125 +611%
Creative Planning
73
Creative Planning
Kansas
$31M +$8.38M +195,086 +43%
DE
74
DV Equities
Illinois
$30.3M +$27.1M +631,226 New
Charles Schwab
75
Charles Schwab
California
$29.9M +$10.4M +241,706 +63%

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.