Who owns NVS
Which tracked institutional funds hold NVS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NVS company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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 NVS is one-sided between 2025-Q4 and 2026-Q1: 405 added or opened and 112 trimmed or exited — on balance accumulating.
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
NVS’s largest tracked holder by dollar value, Fisher Asset Management, LLC, sizes it at 0.7% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NVS 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 1585 tracked filers holding NVS, 728 increased or opened the position and 659 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 NVS 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 49
- WCM INVESTMENT MANAGEMENT, LLC$220M
- CIBC Bancorp USA Inc.$82M
- JANE STREET GROUP, LLC$56M
- FERGUSON WELLMAN CAPITAL MANAGEMENT, INC$28M
- NOMURA HOLDINGS INC$15M
- SALT Holding Corp.$10M
Full exits 40
- CIBC Private Wealth Group LLC$71M
- Defilade Capital Management, L.P.$50M
- OLD MISSION CAPITAL LLC$35M
- ABC ARBITRAGE SA$24M
- Hudson Bay Capital Management LP$16M
- Aquatic Capital Management LLC$13M
Largest adds
- Fisher Asset Management, LLC$1.1B
- GOLDMAN SACHS GROUP INC$618M
- JONES FINANCIAL COMPANIES LLLP$243M
- NATIXIS ADVISORS, LLC$226M
- JPMORGAN CHASE & CO$190M
- BANK OF AMERICA CORP /DE/$131M
Largest trims
- DODGE & COX$179M
- FRANKLIN RESOURCES INC$97M
- BANK OF MONTREAL /CAN/$96M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$92M
- GQG Partners LLC$62M
- CIBC WORLD MARKET INC.$60M
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 |
|---|---|---|---|---|
| Fisher Asset Management, LLC added | 13,885,749 | $2.1B | 11.0% | 2026-Q1 |
| MORGAN STANLEY trimmed | 8,527,037 | $1.3B | 6.8% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 8,110,116 | $1.2B | 6.4% | 2026-Q1 |
| PRIMECAP MANAGEMENT CO/CA/ trimmed | 7,567,354 | $1.2B | 6.0% | 2026-Q1 |
| DODGE & COX trimmed | 6,967,383 | $1.1B | 5.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 6,525,771 | $997M | 5.2% | 2026-Q1 |
| LOOMIS SAYLES & CO L P trimmed | 5,426,100 | $829M | 4.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 4,962,794 | $758M | 3.9% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 3,409,944 | $521M | 2.7% | 2026-Q1 |
| NORTHERN TRUST CORP added | 2,786,228 | $426M | 2.2% | 2026-Q1 |
| GQG Partners LLC trimmed | 2,447,272 | $374M | 1.9% | 2026-Q1 |
| BlackRock, Inc. trimmed | 2,412,306 | $368M | 1.9% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 2,311,384 | $353M | 1.8% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC added | 2,275,938 | $348M | 1.8% | 2026-Q1 |
| NATIXIS ADVISORS, LLC added | 2,236,156 | $342M | 1.8% | 2026-Q1 |
| Cullen Capital Management, LLC trimmed | 2,037,962 | $311M | 1.6% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,931,873 | $295M | 1.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,895,677 | $290M | 1.5% | 2026-Q1 |
| UBS Group AG added | 1,793,153 | $274M | 1.4% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,804,676 | $271M | 1.4% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 1,821,796 | $270M | 1.4% | 2026-Q1 |
| FMR LLC added | 1,683,933 | $257M | 1.3% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 1,532,789 | $234M | 1.2% | 2026-Q1 |
| WCM INVESTMENT MANAGEMENT, LLC new | 1,463,180 | $220M | 1.1% | 2026-Q1 |
| STATE STREET CORP trimmed | 1,385,892 | $216M | 1.1% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 1,111,833 | $170M | 0.9% | 2026-Q1 |
| Chevy Chase Trust Holdings, LLC trimmed | 1,049,794 | $160M | 0.8% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 941,818 | $144M | 0.7% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 891,803 | $136M | 0.7% | 2026-Q1 |
| EARNEST PARTNERS LLC trimmed | 885,290 | $135M | 0.7% | 2026-Q1 |
| LORD, ABBETT & CO. LLC added | 830,286 | $127M | 0.7% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 825,300 | $126M | 0.7% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 703,178 | $107M | 0.6% | 2026-Q1 |
| LPL Financial LLC added | 620,427 | $95M | 0.5% | 2026-Q1 |
| SEI INVESTMENTS CO added | 619,274 | $95M | 0.5% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 618,710 | $95M | 0.5% | 2026-Q1 |
| Scharf Investments, LLC trimmed | 589,232 | $90M | 0.5% | 2026-Q1 |
| Harding Loevner LP trimmed | 584,255 | $89M | 0.5% | 2026-Q1 |
| BRISTOL JOHN W & CO INC /NY/ trimmed | 561,837 | $86M | 0.4% | 2026-Q1 |
| NewEdge Wealth, LLC added | 546,505 | $83M | 0.4% | 2026-Q1 |
| CIBC Bancorp USA Inc. new | 537,813 | $82M | 0.4% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 532,554 | $81M | 0.4% | 2026-Q1 |
| Creative Planning added | 528,814 | $81M | 0.4% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 505,440 | $77M | 0.4% | 2026-Q1 |
| Harvest Portfolios Group Inc. trimmed | 454,681 | $69M | 0.4% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 440,526 | $67M | 0.3% | 2026-Q1 |
| TODD ASSET MANAGEMENT LLC trimmed | 432,007 | $66M | 0.3% | 2026-Q1 |
| ASSETMARK, INC trimmed | 403,774 | $62M | 0.3% | 2026-Q1 |
| TCTC Holdings, LLC trimmed | 393,864 | $60M | 0.3% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 366,559 | $56M | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 366,467 | $56M | 0.3% | 2026-Q1 |
| CITIGROUP INC added | 348,789 | $53M | 0.3% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 345,410 | $53M | 0.3% | 2026-Q1 |
| Quantinno Capital Management LP added | 340,728 | $52M | 0.3% | 2026-Q1 |
| Cerity Partners LLC added | 329,910 | $50M | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp added | 327,817 | $50M | 0.3% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 322,056 | $49M | 0.3% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 320,027 | $49M | 0.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 317,717 | $49M | 0.3% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 311,826 | $48M | 0.2% | 2026-Q1 |
| SATURNA CAPITAL CORP trimmed | 311,008 | $48M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 283,837 | $43M | 0.2% | 2026-Q1 |
| COOKSON PEIRCE & CO INC added | 283,617 | $43M | 0.2% | 2026-Q1 |
| Focus Partners Wealth added | 280,428 | $43M | 0.2% | 2026-Q1 |
| Grantham, Mayo, Van Otterloo & Co. LLC trimmed | 275,637 | $42M | 0.2% | 2026-Q1 |
| US BANCORP \DE\ added | 268,858 | $41M | 0.2% | 2026-Q1 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY trimmed | 267,950 | $41M | 0.2% | 2026-Q1 |
| WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC trimmed | 266,061 | $41M | 0.2% | 2026-Q1 |
| HighTower Advisors, LLC added | 264,639 | $40M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 259,345 | $40M | 0.2% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 258,000 | $39M | 0.2% | 2026-Q1 |
| Clark Capital Management Group, Inc. trimmed | 251,894 | $38M | 0.2% | 2026-Q1 |
| Integral Health Asset Management, LLC | 250,000 | $38M | 0.2% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 246,655 | $38M | 0.2% | 2026-Q1 |
| Midwest Trust Co trimmed | 242,228 | $37M | 0.2% | 2026-Q1 |
| Mariner, LLC added | 241,552 | $37M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 233,421 | $36M | 0.2% | 2026-Q1 |
| First Financial Bankshares Inc added | 230,854 | $35M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 229,593 | $35M | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 220,134 | $34M | 0.2% | 2026-Q1 |
| OPPENHEIMER ASSET MANAGEMENT INC. trimmed | 217,125 | $33M | 0.2% | 2026-Q1 |
| D.A. DAVIDSON & CO. trimmed | 212,815 | $33M | 0.2% | 2026-Q1 |
| Promethos Capital, LLC trimmed | 203,093 | $31M | 0.2% | 2026-Q1 |
| Cetera Investment Advisers added | 203,045 | $31M | 0.2% | 2026-Q1 |
| Tidal Investments LLC trimmed | 193,177 | $29M | 0.2% | 2026-Q1 |
| BRANDES INVESTMENT PARTNERS, LP trimmed | 189,570 | $29M | 0.2% | 2026-Q1 |
| BROWN ADVISORY INC added | 189,167 | $29M | 0.2% | 2026-Q1 |
| GODSEY & GIBB, INC trimmed | 185,572 | $28M | 0.1% | 2026-Q1 |
| FERGUSON WELLMAN CAPITAL MANAGEMENT, INC added | 182,356 | $28M | 0.1% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND trimmed | 177,396 | $27M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 175,800 | $27M | 0.1% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 173,137 | $26M | 0.1% | 2026-Q1 |
| Foresight Global Investors, Inc. trimmed | 172,053 | $26M | 0.1% | 2026-Q1 |
| M&T Bank Corp added | 171,848 | $26M | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 169,012 | $26M | 0.1% | 2026-Q1 |
| CIBC Private Wealth Group LLC added | 517,027 | $71M | 0.4% | 2025-Q4 stale |
| Defilade Capital Management, L.P. new | 362,816 | $50M | 0.3% | 2025-Q4 stale |
| Pacer Advisors, Inc. added | 418,331 | $47M | 0.2% | 2025-Q1 stale |
| OLD MISSION CAPITAL LLC added | 254,991 | $35M | 0.2% | 2025-Q4 stale |
| FINANCIAL COUNSELORS INC added | 266,088 | $30M | 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.