Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NOVO-NORDISK A S (NVO)

1K + Investors. Track Smart Money conviction in NVO. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +18
Streak
1Q ▲
Buyers last Q
47%

Smart Money Signals — NVO

Based on 1329 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added NVO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 76% of 3.0Y peak

76% of all-time peak
1,329 funds currently hold this stock — 76% of the 3.0-year high of 1,750 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 15% fewer funds vs a year ago

fund count last 6Q
227 fewer hedge funds hold NVO compared to a year ago (-15% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 47% buying

655 buying753 selling
Last quarter: 753 funds reduced or exited vs 655 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+53 vs last Q)

new funds entering per quarter
Funds opening a new NVO position: 136 → 134 → 154 → 207. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 17% medium ■ 18% new
868 out of 1,329 hedge funds have held NVO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

173 → 136 → 134 → 154 → 207 new funds/Q
New funds entering each quarter: 136 → 134 → 154 → 207. A growing number of institutions are discovering NVO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 64% of holders stayed 2+ years

■ 64% veterans ■ 13% 1-2yr ■ 23% new
Of 1,409 current holders: 906 (64%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
36 of 1329 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.4
out of 10
Low Exit Risk
Exit risk score 2.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: NVO

How many hedge funds hold NVO — quarterly history vs. share price
Quarterly hedge fund ownership of NVO vs. share price

Market Analysis: NVO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NVO

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

111 top-rated funds 23 high-conviction
Consensus
8.9
/ 10
breadth
×
Elite
4.6
/ 10
conviction
Hedge Fund Positioning: NVO
2026 Q1 Stats Unlock in 22 days 1K + Investors

Track Smart Money conviction in NVO. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 1409 1394 1.08%
13F Shares 399M 371M 7.56%
Total Value $19.91B $20.34B -2.11%
New Positions 214 164 +50
Increased Positions 556 615 -59
Closed Positions 199 244 -45
Reduced Positions 654 591 +63
Total Calls 47 49 -4.08%
Total Puts 39 43 -9.3%
PUT/CALL Ratio 0.83 0.88 Neutral

Statistics: NVO

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NVO. Verified SEC 13F-HR filings.

Top 25 institutional holders of NVO — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Penbrook Management LLC 8.80% 316,200 $11.6M
2 XXEC, Inc. 5.08% 545,020 $29.0M
3 Cutter & CO Brokerage, Inc. 4.65% 282,972 $19.6M
4 Birch Capital Management, LLC 3.12% 162,142 $6.0M
5 OAK FAMILY ADVISORS, LLC 2.57% 248,745 $9.1M
6 Altrafin AG 2.21% 174,413 $6.4M
7 AVAII WEALTH MANAGEMENT, LLC 1.75% 136,348 $5.0M
8 JIA INVESTMENT ALLIANCE PTE. LTD. 1.64% 426,700 $15.7M
9 Martin Capital Partners, LLC 1.60% 117,180 $4K
10 Eldred Rock Partners, LLC 1.53% 163,850 $6.0M
11 Greenfield Seitz Capital Management, LLC 1.33% 120,379 $4.4M
12 Lynch Asset Management, Inc. 1.33% 108,050 $4.0M
13 Eastover Investment Advisors LLC 1.29% 82,082 $3.0M
14 Cox Capital Mgt LLC 1.14% 46,754 $1.7M
15 Gunderson Capital Management LLC 1.06% 69,211 $2.5M
16 VIKING FUND MANAGEMENT LLC 1.02% 270,000 $9.9M
17 HARBOUR INVESTMENT MANAGEMENT LLC 0.98% 47,720 $1.8M
18 FFG Partners, LLC 0.98% 67,501 $2.5M
19 QV Investors Inc. 0.86% 287,598 $11K
20 Torrey Growth & Income Advisors 0.85% 55,783 $2.0M
21 Carolina Wealth Advisors, LLC 0.81% 52,995 $1.9M
22 A. D. Beadell Investment Counsel, Inc. 0.79% 33,838 $1K
23 Bulltick Wealth Management, LLC 0.72% 86,030 $3.3M
24 FOUNDATION RESOURCE MANAGEMENT INC 0.72% 174,126 $6.4M
25 Directional Asset Management 0.68% 20,185 $742K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — NOVO-NORDISK A S (NVO)

What does the Smart Money Trend signal show for NVO?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added NVO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NVO?

More sellers than buyers — 47% buying: Last quarter: 753 funds reduced or exited vs 655 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for NVO holders?

Strong quality — 33% AUM from major funds: 36 of 1329 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held NVO?

65% of holders stayed for 2+ years: 868 out of 1,329 hedge funds have held NVO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.