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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
Dodge & Cox
1
Dodge & Cox
California
$978M +$45.7M +1,063,360 +6%
Loomis, Sayles & Company
2
Loomis, Sayles & Company
Massachusetts
$891M +$67.8M +1,577,037 +9%
Franklin Resources
3
Franklin Resources
California
$625M -$131M -3,042,370 -19%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$561M +$27.7M +644,039 +6%
Morgan Stanley
5
Morgan Stanley
New York
$559M +$34M +790,669 +7%
Bank of America
6
Bank of America
North Carolina
$536M +$17.5M +407,013 +4%
Capital International Investors
7
Capital International Investors
California
$468M -$89.1M -2,074,670 -18%
F
8
Folketrygdfondet
Norway
$457M +$19M +441,563 +5%
Goldman Sachs
9
Goldman Sachs
New York
$440M +$174M +4,059,453 +79%
Fisher Asset Management
10
Fisher Asset Management
Washington
$399M -$29.9M -696,155 -8%
Arrowstreet Capital
11
Arrowstreet Capital
Massachusetts
$397M +$19M +443,294 +6%
EHC
12
Everett Harris & Co
California
$310M +$2.19M +50,961 +0.8%
State Farm Mutual Automobile Insurance
13
State Farm Mutual Automobile Insurance
Illinois
$294M
State Street
14
State Street
Massachusetts
$285M +$1.4M +32,641 +0.6%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$259M +$37.4M +871,282 +19%
Capital World Investors
16
Capital World Investors
California
$250M -$150K -3,501 -0.1%
FAM
17
Fred Alger Management
New York
$235M +$211M +4,907,570 New
Susquehanna International Group
18
Susquehanna International Group
Pennsylvania
$231M -$270M -6,290,535 -57%
Wells Fargo
19
Wells Fargo
California
$223M +$43.6M +1,015,043 +28%
Envestnet Asset Management
20
Envestnet Asset Management
Illinois
$193M +$3.08M +71,684 +2%
UBS Group
21
UBS Group
Switzerland
$191M -$25M -580,768 -13%
BlackRock
22
BlackRock
New York
$185M +$39.1M +909,829 +31%
Northern Trust
23
Northern Trust
Illinois
$177M +$1.65M +38,342 +1%
SRIM
24
Saratoga Research & Investment Management
California
$155M -$8.61M -200,320 -6%
Bank of Nova Scotia
25
Bank of Nova Scotia
Ontario, Canada
$147M +$129M +3,010,608 +5,533%

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.