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NVO

Novo Nordisk
NVO

1,146 hedge funds and large institutions have $22.1B invested in Novo Nordisk in 2023 Q1 according to their latest regulatory filings, with 175 funds opening new positions, 327 increasing their positions, 428 reducing their positions, and 54 closing their positions.

New
Increased
Maintained
Reduced
Closed

224% more first-time investments, than exits

New positions opened: 175 | Existing positions closed: 54

30% more call options, than puts

Call options by funds: $296M | Put options by funds: $228M

22% more funds holding in top 10

Funds holding in top 10: 46 → 56 (+10)

15% more capital invested

Capital invested by funds: $19.3B → $22.1B (+$2.84B)

9% more funds holding

Funds holding: 1,049 → 1,146 (+97)

0.07% less ownership

Funds ownership: 16.45% → 16.38% (-0.07%)

24% less repeat investments, than reductions

Existing positions increased: 327 | Existing positions reduced: 428

Holders
1,146
Holders Change
+97
Holders Change %
+9.25%
% of All Funds
18.26%
Holding in Top 10
56
Holding in Top 10 Change
+10
Holding in Top 10 Change %
+21.74%
% of All Funds
0.89%
New
175
Increased
327
Reduced
428
Closed
54
Calls
$296M
Puts
$228M
Net Calls
+$68.1M
Net Calls Change
-$41.4M

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$504M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$502M
3
Jennison Associates
Jennison Associates
New York
+$126M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$115M
5
N
Nuveen
North Carolina
+$66.2M

Top Sellers

Rank Fund Capital Flow
1
Capital International Investors
Capital International Investors
California
-$360M
2
Renaissance Technologies
Renaissance Technologies
New York
-$256M
3
Millennium Management
Millennium Management
New York
-$216M
4
Fisher Asset Management
Fisher Asset Management
Washington
-$163M
5
Morgan Stanley
Morgan Stanley
New York
-$86.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
IDA
876
Intelligence Driven Advisers
California
$274K +$425 +6 +0.2%
SMA
877
Sage Mountain Advisors
Georgia
$273K +$244K +3,434 New
PWP
878
Phillips Wealth Planners
Mississippi
$273K +$231K +3,256 New
AC
879
Abbrea Capital
California
$271K – – –
BA
880
Ballast Advisors
Minnesota
$271K +$241K +3,402 New
IIC
881
Ironwood Investment Counsel
Arizona
$271K – – –
CFA
882
Cahill Financial Advisors
Minnesota
$267K +$1.28K +18 +0.5%
LNB
883
Ledyard National Bank
$267K +$4.4K +62 +2%
TFCP
884
Twin Focus Capital Partners
Massachusetts
$267K +$25.2K +356 +12%
EFSCE
885
Enterprise Financial Services Corp (EFSC)
Missouri
$266K -$24.7K -348 -9%
CTA
886
Chesley Taft & Associates
Illinois
$264K +$235K +3,320 New
DSN
887
D. Scott Neal
Kentucky
$259K – – –
SF
888
Summit Financial
New Jersey
$258K -$133K -1,882 -37%
AFG
889
ABLE Financial Group
Arizona
$257K +$229K +3,234 New
LWANC
890
Laurel Wealth Advisors (North Carolina)
North Carolina
$255K – – –
JSW
891
Journey Strategic Wealth
New Jersey
$255K -$12.5K -176 -5%
WAM
892
WNY Asset Management
New York
$255K – – –
FM
893
Family Management
New York
$254K – – –
CB
894
Cadence Bank
Mississippi
$253K +$226K +3,182 New
9WM
895
9258 Wealth Management
Ohio
$251K +$1.28K +18 +0.6%
ERIM
896
Eagle Ridge Investment Management
Connecticut
$251K – – –
PAM
897
Palisade Asset Management
Minnesota
$250K – – –
SFS
898
Security Financial Services
Indiana
$247K +$220K +3,104 New
VVP
899
Venture Visionary Partners
Ohio
$247K +$10.4K +146 +5%
SCP
900
Sandhill Capital Partners
New York
$245K -$42.5K -600 -16%
34 35
36
37 38

NVO Hedge Fund Activity: Q1 2023 in Review

1,146 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Novo Nordisk (NVO) for Q1 2023, worth a combined $22.1B — up 15% from $19.3B a quarter earlier.

Buyers outnumbered sellers: 175 funds opened new NVO positions and 54 closed out — a net gain of 121 holders — while 327 added to existing stakes and 428 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $504M. The largest seller was Capital International Investors, cutting an estimated $360M.

  • 1,146 institutional investors held Novo Nordisk (NVO) as of Q1 2023, up from 1,049 in Q4 2022.
  • Funds reported $22.1B of Novo Nordisk stock for Q1 2023, up 15% quarter-over-quarter.
  • 175 funds opened new Novo Nordisk positions in Q1 2023 and 54 closed out, a net change of +121 holders.
  • The largest Novo Nordisk buyer in Q1 2023 was T. Rowe Price Associates, an estimated $504M added.
  • The largest Novo Nordisk seller in Q1 2023 was Capital International Investors, an estimated $360M sold.

Based on aggregated 13F filings for Q1 2023.