Novo Nordisk A S: which funds bought and sold

Institutions that bought and sold Novo Nordisk A S shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 661 institutions that filed 13F reports for both quarters added to or opened positions in Novo Nordisk A S, and 575 cut or closed them. Together they added a net 1.8M shares, +0.6% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 1.0M shares (−0.7%); index fund managers were net buyers of 1.3M shares (+9.7%). 196 opened a new position and 119 sold out entirely.

Bought, Q2 2026 661 institutions, 196 of them new holders Sold, Q2 2026 575 institutions, 119 of them sold out

Net change, all compared +1.8M shares (+0.6%)

Net change, active managers −1.0M shares (−0.7%), 38 bought, 39 sold

Buyers versus sellers

institutions compared, 1,445

661 bought 209 575 sold

Active managers and hedge funds 38 bought · 39 sold · −1.0M

Index fund managers 5 bought · 1 sold · +1.3M

Other institutions 618 bought · 535 sold · +1.6M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Fred Alger Management, LLC Active manager	+4.9M New position	4.9M	$235M
Goldman Sachs Group Inc	+4.1M +79.3%	9.2M	$440M
Bank Of Nova Scotia	+3.0M +5533.5%	3.1M	$147M
Nuveen, LLC	+3.0M New position	3.0M	$142M
Acadian Asset Management LLC Active manager	+2.3M +507.5%	2.7M	$131M
Farallon Capital Management, L.L.C. Hedge fund	+1.8M +234.9%	2.6M	$126M
Loomis Sayles & Co L P Active manager	+1.6M +9.3%	18.6M	$891M
Dodge & Cox Active manager	+1.1M +5.5%	20.4M	$978M
Wells Fargo & Company	+1.0M +27.9%	4.7M	$223M
FMR LLC Active manager	+954K +70.5%	2.3M	$111M
Blackrock, Inc. Index funds	+910K +30.8%	3.9M	$185M
Bank Of Montreal	+903K +153.3%	1.5M	$71.5M
Adage Capital Partners Gp, L.L.C. Hedge fund	+878K New position	878K	$42.1M
Royal Bank Of Canada	+871K +19.2%	5.4M	$259M
Morgan Stanley	+791K +7.3%	11.7M	$559M
Sei Investments Co	+763K +156.7%	1.2M	$59.9M
BNP Paribas Asset Management Holding S.A.	+736K New position	736K	$35.3M
Balyasny Asset Management L.P. Hedge fund	+727K +189.7%	1.1M	$53.2M
Bluespring Wealth Management, LLC	+670K New position	670K	$32.1M
Natixis Advisors, LLC	+667K +49.8%	2.0M	$96.2M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Fred Alger Management, LLC Active manager	+4.9M New position	4.9M	$235M
Acadian Asset Management LLC Active manager	+2.3M +507.5%	2.7M	$131M
Farallon Capital Management, L.L.C. Hedge fund	+1.8M +234.9%	2.6M	$126M
Loomis Sayles & Co L P Active manager	+1.6M +9.3%	18.6M	$891M
Dodge & Cox Active manager	+1.1M +5.5%	20.4M	$978M
FMR LLC Active manager	+954K +70.5%	2.3M	$111M
Adage Capital Partners Gp, L.L.C. Hedge fund	+878K New position	878K	$42.1M
Balyasny Asset Management L.P. Hedge fund	+727K +189.7%	1.1M	$53.2M
Price T Rowe Associates Inc Active manager	+644K +5.8%	11.7M	$561M
Millennium Management LLC Hedge fund	+627K +44.5%	2.0M	$97.6M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Susquehanna International Group, LLP	−6.3M −56.6%	4.8M	$231M
Two Sigma Investments, LP Hedge fund	−6.3M −99.7%	16K	$757,452
Franklin Resources Inc Active manager	−3.0M −18.9%	13.0M	$625M
Defiance Etfs, LLC	−2.2M Sold out	0	—
Capital International Investors Active manager	−2.1M −17.6%	9.7M	$468M
Jane Street Group, LLC	−2.0M Sold out	0	—
Holocene Advisors, LP Hedge fund	−1.7M Sold out	0	—
Saturna Capital Corp	−1.7M −93.5%	116K	$5.5M
Citadel Advisors LLC Hedge fund	−1.4M −50.1%	1.4M	$65.5M
D. E. Shaw & Co., Inc. Hedge fund	−1.3M −65.8%	698K	$33.4M
Marshall Wace, LLP Hedge fund	−1.3M −44.0%	1.7M	$81.8M
Jpmorgan Chase & Co	−1.2M −42.6%	1.6M	$77.9M
Natixis	−1.2M −58.9%	824K	$39.5M
Banco Bilbao Vizcaya Argentaria, S.A.	−1.2M −92.6%	93K	$4.5M
Imc-Chicago, LLC	−802K Sold out	0	—
Fisher Asset Management, LLC Active manager	−696K −7.7%	8.3M	$399M
Raymond James Financial Inc	−627K −17.8%	2.9M	$139M
UBS Group AG	−581K −12.7%	4.0M	$191M
Van Eck Associates Corp	−576K −35.5%	1.0M	$50.1M
Capital Fund Management S.A. Hedge fund	−549K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Two Sigma Investments, LP Hedge fund	−6.3M −99.7%	16K	$757,452
Franklin Resources Inc Active manager	−3.0M −18.9%	13.0M	$625M
Capital International Investors Active manager	−2.1M −17.6%	9.7M	$468M
Holocene Advisors, LP Hedge fund	−1.7M Sold out	0	—
Citadel Advisors LLC Hedge fund	−1.4M −50.1%	1.4M	$65.5M
D. E. Shaw & Co., Inc. Hedge fund	−1.3M −65.8%	698K	$33.4M
Marshall Wace, LLP Hedge fund	−1.3M −44.0%	1.7M	$81.8M
Fisher Asset Management, LLC Active manager	−696K −7.7%	8.3M	$399M
Capital Fund Management S.A. Hedge fund	−549K Sold out	0	—
Quadrature Capital Ltd Hedge fund	−505K −49.2%	522K	$25M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Fred Alger Management, LLCActive manager	4.9M	$235M
Nuveen, LLC	3.0M	$142M
Adage Capital Partners Gp, L.L.C.Hedge fund	878K	$42.1M
BNP Paribas Asset Management Holding S.A.	736K	$35.3M
Bluespring Wealth Management, LLC	670K	$32.1M
Longaeva Partners L.P.	621K	$29.8M
Integral Health Asset Management, LLC	600K	$28.8M
Caisse De Depot Et Placement Du Quebec	586K	$28.1M
Old Mission Capital LLC	548K	$26.3M
Qube Research & Technologies LtdHedge fund	520K	$24.9M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Defiance Etfs, LLC	2.2M	$80.6M
Jane Street Group, LLC	2.0M	$74.4M
Holocene Advisors, LPHedge fund	1.7M	$64.2M
Imc-Chicago, LLC	802K	$29.5M
Capital Fund Management S.A.Hedge fund	549K	$20.2M
Ensign Peak Advisors, Inc	400K	$14.7M
Simplex Trading, LLC	393K	$14.4M
Peak6 LLC	157K	$5.8M
Creek Drive Management Group LLC	96K	$3.5M
LMR Partners LLPHedge fund	64K	$2.3M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 1,346
Ten largest holders: 37.8%
Index fund managers: 4.4%
Active managers and hedge funds: 41.6%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	38	39	14	9	−1.0M	−0.7%
Index fund managers	5	1	0	0	+1.3M	+9.7%
Other institutions	618	535	182	110	+1.6M	+0.9%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Novo Nordisk A S.

Only managers that filed a holdings report for both quarters are compared (1,445 here). 47 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

← Back to Novo Nordisk A S · Insiders · Politicians