Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
1,249 institutional managers reported holding NVO for the quarter ended Mar 31, 2026. Together they hold about 7% of shares outstanding; the top 10 hold 3%. 141 opened new positions; 291 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| Dodge & Cox | 19.33M | 0.43% | $710.3M | opened | 2026 Q1 |
| Loomis Sayles & CO L P | 17.02M | 0.38% | $625.2M | trimmed -0.7% | 2014 Q1 |
| Franklin Resources | 16.08M | 0.36% | $590.9M | added +9.4% | ≤2013 |
| Capital International Investors | 11.80M | 0.27% | $433.4M | added +5.2% | 2014 Q1 |
| Susquehanna International Group | 11.11M | 0.25% | $408.0M | added +335.2% | 2018 Q1 |
| T. Rowe Price | 11.06M | 0.25% | $406.4M | added +14.2% | 2022 Q4 |
| Morgan Stanley | 10.87M | 0.24% | $399.3M | trimmed -15.4% | ≤2013 |
| Bank OF America CORP /DE/ | 10.77M | 0.24% | $395.7M | trimmed -9.3% | ≤2013 |
| Folketrygdfondet (focused) | 9.08M | 0.20% | $333.6M | trimmed -10.7% | 2014 Q4 |
| Fisher Investments | 9.02M | 0.20% | $331.4M | trimmed -7.8% | ≤2013 |
| Arrowstreet Capital | 7.83M | 0.18% | $287.6M | opened | 2026 Q1 |
| Everett Harris & CO /CA/ | 6.42M | 0.14% | $236.0M | unchanged | ≤2013 |
| Two Sigma | 6.29M | 0.14% | $231.0M | added +1731.8% | 2024 Q4 |
| State Farm Mutual Automobile Insurance CO | 6.14M | 0.14% | $225.7M | unchanged | ≤2013 |
| State Street | 5.84M | 0.13% | $214.5M | trimmed -2.7% | ≤2013 |
| Capital Group (American Funds) | 5.21M | 0.12% | $191.4M | added +2513% | 2017 Q3 |
| Goldman Sachs | 5.12M | 0.12% | $188.1M | trimmed -53.4% | ≤2013 |
| UBS | 4.62M | 0.10% | $169.6M | trimmed -6.2% | ≤2013 |
| Royal Bank OF Canada | 4.53M | 0.10% | $166.4M | added +3.2% | ≤2013 |
| Envestnet Asset Management INC | 3.96M | 0.09% | $145.5M | added +42.8% | ≤2013 |
| Northern Trust | 3.65M | 0.08% | $134.3M | trimmed -21% | ≤2013 |
| Wells Fargo & COMPANY/MN | 3.64M | 0.08% | $133.8M | trimmed -8.8% | ≤2013 |
| Raymond James Financial INC | 3.53M | 0.08% | $129.7M | added +11.5% | ≤2013 |
| Saratoga Research & Investment Management (focused) | 3.44M | 0.08% | $126.3M | added +85.5% | ≤2013 |
| Renaissance Technologies | 3.40M | 0.08% | $124.8M | added +6.7% | ≤2013 |
| Fayez Sarofim & CO | 3.40M | 0.08% | $124.7M | trimmed -19.8% | ≤2013 |
| Natixis Advisors, LLC | 3.35M | 0.07% | $122.9M | trimmed -4.6% | ≤2013 |
| Barclays PLC | 3.28M | 0.07% | $120.6M | added +245.5% | ≤2013 |
| Marshall Wace | 3.05M | 0.07% | $111.9M | added +459.5% | 2021 Q3 |
| BlackRock | 2.95M | 0.07% | $108.4M | trimmed -8.8% | ≤2013 |
| Markel Group | 2.87M | 0.07% | $105.4M | unchanged | ≤2013 |
| Citadel Advisors | 2.74M | 0.06% | $100.5M | trimmed -63.1% | 2014 Q3 |
| Defiance ETFs, LLC | 2.19M | 0.05% | $80.6M | opened | 2026 Q1 |
| Maverick Capital | 2.08M | 0.05% | $76.4M | opened | 2026 Q1 |
| D. E. Shaw | 2.04M | 0.05% | $74.9M | added +141.3% | 2021 Q1 |
| Jane Street | 2.02M | 0.05% | $74.4M | trimmed -10% | 2015 Q3 |
| Saturna Capital CORP | 1.79M | 0.04% | $65.8M | trimmed -13.6% | ≤2013 |
| Ameriprise Financial INC | 1.75M | 0.04% | $64.2M | added +0.6% | ≤2013 |
| Holocene Advisors | 1.75M | 0.04% | $64.1M | added +47.9% | 2025 Q2 |
| VAN ECK Associates CORP | 1.62M | 0.04% | $59.6M | trimmed -1.4% | ≤2013 |
| Citigroup INC | 1.55M | 0.04% | $56.9M | added +10.1% | ≤2013 |
| Rockefeller Capital Management L.p. | 1.43M | 0.03% | $52.7M | added +6% | ≤2013 |
| Millennium Management | 1.41M | 0.03% | $51.8M | trimmed -12.8% | 2021 Q1 |
| FMR (Fidelity) | 1.35M | 0.03% | $49.7M | trimmed -86.5% | ≤2013 |
| LPL Financial LLC | 1.32M | 0.03% | $48.6M | added +8.2% | ≤2013 |
| Banco Bilbao Vizcaya Argentaria, S.a. | 1.26M | 0.03% | $46.3M | added +264.4% | 2024 Q3 |
| Dimensional Fund Advisors | 1.25M | 0.03% | $46.0M | trimmed -5.7% | ≤2013 |
| American Century Companies INC | 1.21M | 0.03% | $44.5M | added +37.8% | 2019 Q4 |
| Pacer Advisors, INC. | 1.21M | 0.03% | $44.3M | added +11.4% | 2022 Q4 |
| Causeway Capital Management LLC | 1.17M | 0.03% | $43.1M | added +18.1% | 2025 Q2 |
Largest 50 of 1,249 shown; the full ranked, searchable register is at boothcheck.com/holders/NVO. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.