Who owns NVO (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-Q1 13F filings. 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
The tracked-fund tape on NVO is one-sided between 2025-Q4 and 2026-Q1: 135 added or opened and 539 trimmed or exited — on balance reducing.
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 0.4% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.3pp 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 2025-Q4 and 2026-Q1, across 1265 tracked filers holding NVO, 590 increased or opened the position and 760 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 2025-Q4 and 2026-Q1 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 47
- DODGE & COX$711M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$288M
- Defiance ETFs, LLC$81M
- MAVERICK CAPITAL LTD$76M
- FARALLON CAPITAL MANAGEMENT LLC$29M
- PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO$28M
Full exits 106
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$245M
- SUSQUEHANNA ADVISORS GROUP, INC.$68M
- Carmignac Gestion$51M
- Optiver Holding B.V.$50M
- PARNASSUS INVESTMENTS, LLC$49M
- Foresight Group Ltd Liability Partnership$40M
Largest adds
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$346M
- TWO SIGMA INVESTMENTS, LP$214M
- Capital World Investors$181M
- MARSHALL WACE, LLP$84M
- BARCLAYS PLC$72M
- Point72 Asset Management, L.P.$51M
Largest trims
- FMR LLC$465M
- GOLDMAN SACHS GROUP INC$371M
- CITADEL ADVISORS LLC$277M
- Boston Partners$270M
- MORGAN STANLEY$254M
- LOOMIS SAYLES & CO L P$246M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| DODGE & COX new | 19,333,750 | $711M | 6.1% | 2026-Q1 |
| LOOMIS SAYLES & CO L P trimmed | 17,017,315 | $625M | 5.4% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 16,083,479 | $591M | 5.1% | 2026-Q1 |
| Capital International Investors added | 11,795,850 | $425M | 3.6% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 11,106,111 | $408M | 3.5% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 11,060,680 | $406M | 3.5% | 2026-Q1 |
| MORGAN STANLEY trimmed | 10,869,200 | $399M | 3.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 10,769,699 | $396M | 3.4% | 2026-Q1 |
| FOLKETRYGDFONDET trimmed | 9,080,820 | $334M | 2.9% | 2026-Q1 |
| Fisher Asset Management, LLC trimmed | 9,021,103 | $332M | 2.8% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 7,827,491 | $288M | 2.5% | 2026-Q1 |
| EVERETT HARRIS & CO /CA/ added | 6,424,661 | $236M | 2.0% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 6,286,501 | $231M | 2.0% | 2026-Q1 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 6,142,778 | $226M | 1.9% | 2026-Q1 |
| STATE STREET CORP trimmed | 5,837,193 | $223M | 1.9% | 2026-Q1 |
| Capital World Investors added | 5,209,427 | $191M | 1.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 5,121,037 | $188M | 1.6% | 2026-Q1 |
| UBS Group AG trimmed | 4,565,708 | $168M | 1.4% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 4,527,779 | $166M | 1.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 3,959,430 | $146M | 1.2% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 3,654,856 | $134M | 1.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 3,642,599 | $134M | 1.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 3,531,005 | $130M | 1.1% | 2026-Q1 |
| Saratoga Research & Investment Management added | 3,436,329 | $126M | 1.1% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 3,397,121 | $125M | 1.1% | 2026-Q1 |
| Fayez Sarofim & Co trimmed | 3,395,479 | $125M | 1.1% | 2026-Q1 |
| BARCLAYS PLC added | 3,283,636 | $121M | 1.0% | 2026-Q1 |
| MARSHALL WACE, LLP added | 3,046,611 | $112M | 1.0% | 2026-Q1 |
| BlackRock, Inc. trimmed | 2,951,353 | $108M | 0.9% | 2026-Q1 |
| Markel Group Inc. | 2,869,774 | $105M | 0.9% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 2,736,525 | $101M | 0.9% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 2,808,818 | $99M | 0.9% | 2026-Q1 |
| Defiance ETFs, LLC new | 2,192,592 | $81M | 0.7% | 2026-Q1 |
| MAVERICK CAPITAL LTD added | 2,080,121 | $76M | 0.7% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 2,039,106 | $75M | 0.6% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 2,024,007 | $74M | 0.6% | 2026-Q1 |
| NATIXIS added | 2,005,285 | $74M | 0.6% | 2026-Q1 |
| SATURNA CAPITAL CORP trimmed | 1,790,627 | $66M | 0.6% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 1,781,200 | $65M | 0.6% | 2026-Q1 |
| Holocene Advisors, LP added | 1,745,580 | $64M | 0.6% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 1,747,225 | $64M | 0.5% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 1,621,481 | $60M | 0.5% | 2026-Q1 |
| CITIGROUP INC added | 1,547,655 | $57M | 0.5% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 1,433,073 | $53M | 0.5% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 1,408,853 | $52M | 0.4% | 2026-Q1 |
| NATIXIS ADVISORS, LLC trimmed | 1,339,875 | $49M | 0.4% | 2026-Q1 |
| LPL Financial LLC added | 1,322,929 | $49M | 0.4% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,250,848 | $46M | 0.4% | 2026-Q1 |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. added | 1,259,409 | $45M | 0.4% | 2026-Q1 |
| FMR LLC trimmed | 1,227,650 | $45M | 0.4% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 1,211,319 | $45M | 0.4% | 2026-Q1 |
| CAUSEWAY CAPITAL MANAGEMENT LLC added | 1,174,213 | $43M | 0.4% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 1,156,481 | $43M | 0.4% | 2026-Q1 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 1,052,622 | $39M | 0.3% | 2026-Q1 |
| Quadrature Capital Ltd trimmed | 1,027,748 | $38M | 0.3% | 2026-Q1 |
| Trexquant Investment LP added | 982,773 | $36M | 0.3% | 2026-Q1 |
| MENORA MIVTACHIM HOLDINGS LTD. added | 926,168 | $34M | 0.3% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 899,804 | $33M | 0.3% | 2026-Q1 |
| OPPENHEIMER ASSET MANAGEMENT INC. added | 836,460 | $31M | 0.3% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 811,072 | $30M | 0.3% | 2026-Q1 |
| IMC-Chicago, LLC added | 802,198 | $29M | 0.3% | 2026-Q1 |
| SMITH CHAS P & ASSOCIATES PA CPAS added | 801,586 | $29M | 0.3% | 2026-Q1 |
| Cullen Capital Management, LLC added | 792,355 | $29M | 0.2% | 2026-Q1 |
| XXEC, Inc. added | 545,020 | $29M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 787,600 | $29M | 0.2% | 2026-Q1 |
| FARALLON CAPITAL MANAGEMENT LLC new | 782,000 | $29M | 0.2% | 2026-Q1 |
| WCM INVESTMENT MANAGEMENT, LLC trimmed | 810,997 | $29M | 0.2% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO new | 756,509 | $28M | 0.2% | 2026-Q1 |
| ACADEMY CAPITAL MANAGEMENT added | 719,230 | $26M | 0.2% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 710,082 | $26M | 0.2% | 2026-Q1 |
| Marex Group plc trimmed | 703,501 | $26M | 0.2% | 2026-Q1 |
| Invesco Ltd. added | 678,162 | $25M | 0.2% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 672,999 | $24M | 0.2% | 2026-Q1 |
| Jump Financial, LLC added | 621,393 | $23M | 0.2% | 2026-Q1 |
| Euro Pacific Asset Management, LLC added | 467,452 | $22M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 589,107 | $22M | 0.2% | 2026-Q1 |
| Walleye Capital LLC added | 578,309 | $21M | 0.2% | 2026-Q1 |
| CIBC WORLD MARKET INC. trimmed | 550,628 | $20M | 0.2% | 2026-Q1 |
| CAPITAL FUND MANAGEMENT S.A. added | 549,373 | $20M | 0.2% | 2026-Q1 |
| AMUNDI added | 4,938,507 | $332M | 2.8% | 2025-Q1 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 4,807,279 | $245M | 2.1% | 2025-Q4 stale |
| Nuveen, LLC trimmed | 2,095,758 | $145M | 1.2% | 2025-Q2 stale |
| DSM CAPITAL PARTNERS LLC trimmed | 1,760,978 | $122M | 1.0% | 2025-Q2 stale |
| Magellan Asset Management Ltd trimmed | 1,678,195 | $116M | 1.0% | 2025-Q2 stale |
| TIGER GLOBAL MANAGEMENT LLC | 1,269,000 | $88M | 0.8% | 2025-Q2 stale |
| JENNISON ASSOCIATES LLC trimmed | 1,226,004 | $68M | 0.6% | 2025-Q3 stale |
| SUSQUEHANNA ADVISORS GROUP, INC. new | 1,330,000 | $68M | 0.6% | 2025-Q4 stale |
| Carmignac Gestion new | 1,003,300 | $51M | 0.4% | 2025-Q4 stale |
| Optiver Holding B.V. added | 983,717 | $50M | 0.4% | 2025-Q4 stale |
| PARNASSUS INVESTMENTS, LLC trimmed | 969,015 | $49M | 0.4% | 2025-Q4 stale |
| Foresight Group Ltd Liability Partnership trimmed | 123,759 | $40M | 0.3% | 2025-Q4 stale |
| THORNBURG INVESTMENT MANAGEMENT INC trimmed | 544,386 | $30M | 0.3% | 2025-Q3 stale |
| Vantage Investment Partners, LLC added | 549,469 | $28M | 0.2% | 2025-Q4 stale |
| Southpoint Capital Advisors LP new | 400,000 | $28M | 0.2% | 2025-Q1 stale |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 475,000 | $24M | 0.2% | 2025-Q4 stale |
| Longaeva Partners L.P. new | 444,266 | $23M | 0.2% | 2025-Q4 stale |
| Clark Capital Management Group, Inc. trimmed | 318,851 | $22M | 0.2% | 2025-Q2 stale |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 431,484 | $22M | 0.2% | 2025-Q4 stale |
| MayTech Global Investments, LLC trimmed | 387,083 | $21M | 0.2% | 2025-Q3 stale |
| Cutter & CO Brokerage, Inc. trimmed | 282,972 | $20M | 0.2% | 2025-Q1 stale |
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.