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NVO

Novo Nordisk
NVO

1,511 hedge funds and large institutions have $33.4B invested in Novo Nordisk in 2023 Q4 according to their latest regulatory filings, with 289 funds opening new positions, 582 increasing their positions, 443 reducing their positions, and 59 closing their positions.

New
Increased
Maintained
Reduced
Closed

390% more first-time investments, than exits

New positions opened: 289 | Existing positions closed: 59

31% more repeat investments, than reductions

Existing positions increased: 582 | Existing positions reduced: 443

21% more capital invested

Capital invested by funds: $27.6B → $33.4B (+$5.86B)

21% more call options, than puts

Call options by funds: $719M | Put options by funds: $596M

16% more funds holding

Funds holding: 1,307 → 1,511 (+204)

13% more funds holding in top 10

Funds holding in top 10: 62 → 70 (+8)

0.57% more ownership

Funds ownership: 8.74% → 9.31% (+0.57%)

Holders
1,511
Holders Change
+204
Holders Change %
+15.61%
% of All Funds
22.03%
Holding in Top 10
70
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+12.9%
% of All Funds
1.02%
New
289
Increased
582
Reduced
443
Closed
59
Calls
$719M
Puts
$596M
Net Calls
+$123M
Net Calls Change
+$526M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.19B
2
SGA
Sustainable Growth Advisers
Connecticut
+$374M
3
JP Morgan Chase
JP Morgan Chase
New York
+$265M
4
Amundi
Amundi
France
+$134M
5
Capital International Investors
Capital International Investors
California
+$128M

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$235M
2
WCM Investment Management
WCM Investment Management
California
-$228M
3
Jennison Associates
Jennison Associates
New York
-$88.2M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$79.2M
5
BlackRock
BlackRock
New York
-$74.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
AFM
976
Armstrong Fleming & Moore
District of Columbia
$482K – – –
STA
977
Summit Trail Advisors
New York
$479K +$139K +1,404 +43%
NIC
978
Northwest Investment Counselors
Oregon
$476K – – –
EL
979
Essex LLC
Illinois
$475K +$989 +10 +0.2%
CC
980
Chicago Capital
Illinois
$473K +$452K +4,570 New
TA
981
Tectonic Advisors
Texas
$473K – – –
GIA
982
GHP Investment Advisors
Colorado
$472K – – –
SFM
983
Signet Financial Management
New Jersey
$471K -$29.1K -294 -6%
Fiera Capital (Canada)
984
Fiera Capital (Canada)
Quebec, Canada
$470K -$181K -1,829 -29%
CIS
985
Custom Index Systems
New York
$467K +$446K +4,513 New
ANTB
986
AMG National Trust Bank
Colorado
$467K -$6.53K -66 -1%
AGC
987
Aspen Grove Capital
Colorado
$466K +$35.6K +360 +9%
FAG
988
Financial Advisory Group
Texas
$464K – – –
BB
989
Busey Bank
Illinois
$462K +$442K +4,469 New
PAG
990
Private Advisory Group
Washington
$458K +$19.5K +197 +5%
NFSG
991
Newbridge Financial Services Group
Florida
$454K +$386K +3,903 +801%
MWM
992
Mosley Wealth Management
California
$454K +$434K +4,389 New
CWM
993
Cornerstone Wealth Management
Missouri
$454K -$100K -1,016 -19%
HNWAG
994
High Net Worth Advisory Group
Florida
$454K – – –
MMA
995
Miracle Mile Advisors
California
$450K +$99.5K +1,006 +30%
BCG
996
BayBridge Capital Group
California
$449K +$414K +4,191 New
JF
997
Jump Financial
Illinois
$449K +$7.52K +76 +2%
KFI
998
Key Financial Inc
Pennsylvania
$448K +$33.6K +340 +9%
SAM
999
Strategy Asset Managers
California
$446K – – –
AG
1000
AlTi Global
New York
$446K +$427K +4,314 New
38 39
40
41 42

NVO Hedge Fund Activity: Q4 2023 in Review

1,511 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Novo Nordisk (NVO) for Q4 2023, worth a combined $33.4B — up 21% from $27.6B a quarter earlier.

Buyers outnumbered sellers: 289 funds opened new NVO positions and 59 closed out — a net gain of 230 holders — while 582 added to existing stakes and 443 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.19B. The largest seller was Renaissance Technologies, cutting an estimated $235M.

  • 1,511 institutional investors held Novo Nordisk (NVO) as of Q4 2023, up from 1,307 in Q3 2023.
  • Funds reported $33.4B of Novo Nordisk stock for Q4 2023, up 21% quarter-over-quarter.
  • 289 funds opened new Novo Nordisk positions in Q4 2023 and 59 closed out, a net change of +230 holders.
  • The largest Novo Nordisk buyer in Q4 2023 was Morgan Stanley, an estimated $1.19B added.
  • The largest Novo Nordisk seller in Q4 2023 was Renaissance Technologies, an estimated $235M sold.

Based on aggregated 13F filings for Q4 2023.