Who owns NVO
Which tracked institutional funds hold NVO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NVO company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
449 tracked funds added or opened NVO while 157 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NVO’s largest tracked holder by dollar value, DODGE & COX, sizes it at 0.5% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NVO divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 1280 tracked filers holding NVO, 653 increased or opened the position and 635 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NVO between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 66
- FRED ALGER MANAGEMENT, LLC$235M
- Nuveen, LLC$142M
- ADAGE CAPITAL PARTNERS GP, L.L.C.$42M
- BNP PARIBAS ASSET MANAGEMENT Holding S.A.$35M
- Bluespring Wealth Management, LLC$32M
- DV EQUITIES, LLC$30M
Full exits 81
- Defiance ETFs, LLC$81M
- JANE STREET GROUP, LLC$74M
- Holocene Advisors, LP$64M
- NATIXIS ADVISORS, LLC$49M
- IMC-Chicago, LLC$29M
- SMITH CHAS P & ASSOCIATES PA CPAS$29M
Largest adds
- DODGE & COX$267M
- LOOMIS SAYLES & CO L P$266M
- GOLDMAN SACHS GROUP INC$252M
- MORGAN STANLEY$160M
- PRICE T ROWE ASSOCIATES INC /MD/$155M
- BANK OF NOVA SCOTIA$145M
Largest trims
- TWO SIGMA INVESTMENTS, LP$230M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$177M
- Point72 Asset Management, L.P.$64M
- SATURNA CAPITAL CORP$60M
- D. E. Shaw & Co., Inc.$41M
- BANCO BILBAO VIZCAYA ARGENTARIA, S.A.$41M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| DODGE & COX added | 20,397,110 | $978M | 7.4% | 2026-Q2 |
| LOOMIS SAYLES & CO L P added | 18,594,352 | $891M | 6.7% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 13,041,109 | $625M | 4.7% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 11,704,719 | $561M | 4.2% | 2026-Q2 |
| MORGAN STANLEY added | 11,659,869 | $559M | 4.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 11,176,712 | $536M | 4.0% | 2026-Q2 |
| Capital International Investors trimmed | 9,721,180 | $468M | 3.5% | 2026-Q2 |
| FOLKETRYGDFONDET added | 9,522,383 | $457M | 3.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 9,180,490 | $440M | 3.3% | 2026-Q2 |
| Fisher Asset Management, LLC trimmed | 8,324,948 | $399M | 3.0% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 8,270,785 | $397M | 3.0% | 2026-Q2 |
| EVERETT HARRIS & CO /CA/ added | 6,475,622 | $310M | 2.3% | 2026-Q2 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 6,142,778 | $294M | 2.2% | 2026-Q2 |
| STATE STREET CORP added | 5,869,834 | $285M | 2.1% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 5,399,061 | $259M | 2.0% | 2026-Q2 |
| Capital World Investors trimmed | 5,205,926 | $250M | 1.9% | 2026-Q2 |
| FRED ALGER MANAGEMENT, LLC added | 4,907,570 | $235M | 1.8% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 4,815,576 | $231M | 1.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 4,657,642 | $223M | 1.7% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 4,031,114 | $193M | 1.5% | 2026-Q2 |
| UBS Group AG trimmed | 3,984,940 | $191M | 1.4% | 2026-Q2 |
| BlackRock, Inc. added | 3,861,182 | $185M | 1.4% | 2026-Q2 |
| NORTHERN TRUST CORP added | 3,693,198 | $177M | 1.3% | 2026-Q2 |
| Saratoga Research & Investment Management trimmed | 3,236,009 | $155M | 1.2% | 2026-Q2 |
| BANK OF NOVA SCOTIA added | 3,065,015 | $147M | 1.1% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 3,032,421 | $145M | 1.1% | 2026-Q2 |
| Nuveen, LLC added | 2,969,256 | $142M | 1.1% | 2026-Q2 |
| Fayez Sarofim & Co trimmed | 2,924,500 | $140M | 1.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 2,903,988 | $139M | 1.0% | 2026-Q2 |
| Markel Group Inc. | 2,869,774 | $138M | 1.0% | 2026-Q2 |
| BARCLAYS PLC trimmed | 2,739,617 | $131M | 1.0% | 2026-Q2 |
| FARALLON CAPITAL MANAGEMENT, L.L.C. added | 2,619,000 | $126M | 0.9% | 2026-Q2 |
| FMR LLC added | 2,306,393 | $111M | 0.8% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 2,035,939 | $98M | 0.7% | 2026-Q2 |
| LPL Financial LLC added | 1,737,333 | $83M | 0.6% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 1,707,104 | $82M | 0.6% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 1,688,444 | $81M | 0.6% | 2026-Q2 |
| CAUSEWAY CAPITAL MANAGEMENT LLC added | 1,677,615 | $80M | 0.6% | 2026-Q2 |
| MAVERICK CAPITAL LTD trimmed | 1,653,872 | $79M | 0.6% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 1,612,426 | $78M | 0.6% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 1,566,451 | $75M | 0.6% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 1,495,517 | $72M | 0.5% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 1,492,413 | $72M | 0.5% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 1,455,351 | $70M | 0.5% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 1,366,275 | $65M | 0.5% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,292,688 | $62M | 0.5% | 2026-Q2 |
| SEI INVESTMENTS CO added | 1,249,186 | $60M | 0.5% | 2026-Q2 |
| Trexquant Investment LP added | 1,227,405 | $59M | 0.4% | 2026-Q2 |
| Cullen Capital Management, LLC added | 1,224,955 | $59M | 0.4% | 2026-Q2 |
| WCM INVESTMENT MANAGEMENT, LLC added | 1,181,027 | $57M | 0.4% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 1,109,982 | $53M | 0.4% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP trimmed | 1,045,885 | $50M | 0.4% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 1,038,160 | $50M | 0.4% | 2026-Q2 |
| CITIGROUP INC trimmed | 1,006,032 | $48M | 0.4% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 1,000,682 | $48M | 0.4% | 2026-Q2 |
| MENORA MIVTACHIM HOLDINGS LTD. | 926,168 | $44M | 0.3% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 877,635 | $42M | 0.3% | 2026-Q2 |
| OPPENHEIMER ASSET MANAGEMENT INC. added | 874,376 | $42M | 0.3% | 2026-Q2 |
| XXEC, Inc. added | 830,388 | $37M | 0.3% | 2026-Q2 |
| NATIXIS trimmed | 824,229 | $40M | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 799,604 | $38M | 0.3% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. new | 736,113 | $35M | 0.3% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 731,414 | $35M | 0.3% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 730,624 | $35M | 0.3% | 2026-Q2 |
| Hudson Bay Capital Management LP added | 730,000 | $35M | 0.3% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 697,567 | $33M | 0.3% | 2026-Q2 |
| Invesco Ltd. added | 686,121 | $33M | 0.2% | 2026-Q2 |
| Bluespring Wealth Management, LLC new | 669,858 | $32M | 0.2% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 660,172 | $32M | 0.2% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 657,641 | $32M | 0.2% | 2026-Q2 |
| Creative Planning added | 646,107 | $31M | 0.2% | 2026-Q2 |
| DV EQUITIES, LLC added | 631,226 | $30M | 0.2% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 622,970 | $30M | 0.2% | 2026-Q2 |
| Longaeva Partners L.P. added | 621,143 | $30M | 0.2% | 2026-Q2 |
| Integral Health Asset Management, LLC new | 600,000 | $29M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 593,206 | $28M | 0.2% | 2026-Q2 |
| Caisse de depot et placement du Quebec new | 585,509 | $28M | 0.2% | 2026-Q2 |
| OLD MISSION CAPITAL LLC added | 548,297 | $26M | 0.2% | 2026-Q2 |
| Cerity Partners LLC added | 534,219 | $26M | 0.2% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 524,829 | $25M | 0.2% | 2026-Q2 |
| Quadrature Capital Ltd trimmed | 522,349 | $25M | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 520,267 | $25M | 0.2% | 2026-Q2 |
| Marex Group Ltd trimmed | 518,286 | $25M | 0.2% | 2026-Q2 |
| Quinn Opportunity Partners LLC added | 507,600 | $24M | 0.2% | 2026-Q2 |
| Boston Partners added | 507,489 | $24M | 0.2% | 2026-Q2 |
| Simplify Asset Management Inc. added | 504,918 | $24M | 0.2% | 2026-Q2 |
| CIBC WORLD MARKET INC. trimmed | 503,634 | $24M | 0.2% | 2026-Q2 |
| ACADEMY CAPITAL MANAGEMENT trimmed | 479,184 | $23M | 0.2% | 2026-Q2 |
| NICHOLS & PRATT ADVISERS LLP /MA trimmed | 477,675 | $23M | 0.2% | 2026-Q2 |
| Arax Advisory Partners added | 449,006 | $22M | 0.2% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 438,676 | $21M | 0.2% | 2026-Q2 |
| JIA INVESTMENT ALLIANCE PTE. LTD. | 426,700 | $20M | 0.2% | 2026-Q2 |
| CORDA Investment Management, LLC. added | 418,791 | $20M | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 413,684 | $20M | 0.1% | 2026-Q2 |
| Warther Private Wealth, LLC trimmed | 411,074 | $20M | 0.1% | 2026-Q2 |
| Mariner, LLC added | 410,689 | $20M | 0.1% | 2026-Q2 |
| Pictet Asset Management Holding SA trimmed | 395,861 | $19M | 0.1% | 2026-Q2 |
| SCOTIA CAPITAL INC. added | 390,351 | $19M | 0.1% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 382,507 | $18M | 0.1% | 2026-Q2 |
| CLOUGH CAPITAL PARTNERS L P new | 373,977 | $18M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.