Novo Nordisk Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

BATS-CHIXE:NOVOBC Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
05 Feb 25	SellDKK 21,653,154	Lars Jorgensen	Individual	35,000	DKK 621.01
05 Feb 25	SellDKK 1,138,147	Maziar Doustdar	Individual	1,852	DKK 614.55
05 Feb 25	SellDKK 9,448,860	Camilla Sylvest	Individual	15,364	DKK 615.00
08 Nov 24	SellDKK 4,736,088,240	Novo Holdings A/S	Company	6,311,250	DKK 750.42
13 Aug 24	SellDKK 7,593,840	Liselotte Hyveled	Individual	8,480	DKK 895.50

Insider Trading Volume

Insider Buying: NOVOBC insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of NOVOBC?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	411,419	0.00927%
Individual Insiders	1,079,908	0.0243%
VC/PE Firms	1,252,432,500	28.2%
Institutions	1,467,382,255	33.1%
General Public	1,717,746,767	38.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 46.54% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
28.2%	Novo Holdings A/S	1,252,432,500	DKK 571.0b	-0.5%	88.13%
4.11%	BlackRock, Inc.	182,591,746	DKK 83.2b	-17.9%	0.2%
2.85%	The Vanguard Group, Inc.	126,403,950	DKK 57.6b	1.24%	0.12%
1.76%	Norges Bank Investment Management	78,056,581	DKK 35.6b	0%	0.4%
1.05%	GQG Partners LLC	46,682,055	DKK 21.3b	1.29%	2.35%
0.76%	FMR LLC	33,806,211	DKK 15.4b	-1.05%	0.14%
0.64%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	28,274,200	DKK 12.9b	21.3%	0.42%
0.63%	Amundi Asset Management SAS	27,927,751	DKK 12.7b	-0.03%	0.36%
0.59%	Geode Capital Management, LLC	26,286,299	DKK 12.0b	3.84%	0.12%
0.59%	Wellington Management Group LLP	26,162,097	DKK 11.9b	-1.06%	0.29%
0.57%	Jennison Associates LLC	25,310,589	DKK 11.5b	0.88%	1.03%
0.52%	Deutsche Asset & Wealth Management	23,156,067	DKK 10.6b	0%	0.42%
0.45%	Alecta Pensionsförsäkring, ömsesidigt	19,933,628	DKK 9.1b	0%	2.75%
0.42%	JP Morgan Asset Management	18,669,883	DKK 8.5b	-0.7%	0.13%
0.38%	State Street Global Advisors, Inc.	16,655,595	DKK 7.6b	2.77%	0.05%
0.34%	WCM Investment Management, LLC	15,309,058	DKK 7.0b	0.69%	1.59%
0.34%	Massachusetts Financial Services Company	14,994,721	DKK 6.8b	0.53%	0.22%
0.33%	Handelsbanken Asset Management	14,861,648	DKK 6.8b	0.57%	1.39%
0.3%	Baillie Gifford & Co.	13,461,523	DKK 6.1b	0.45%	0.41%
0.29%	T. Rowe Price Group, Inc.	13,070,108	DKK 6.0b	-1.12%	0.08%
0.29%	Fundsmith, LLP	13,054,447	DKK 6.0b	-18.6%	3.01%
0.28%	Fisher Asset Management, LLC	12,640,549	DKK 5.8b	0%	0.35%
0.28%	UBS Asset Management AG	12,228,641	DKK 5.6b	0%	0.07%
0.27%	Strategic Advisers LLC	12,064,583	DKK 5.5b	9.47%	0.29%
0.27%	Loomis Sayles & Company, L.P.	12,059,733	DKK 5.5b	0.01%	1.08%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/04 03:35
End of Day Share Price	2025/04/30 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Novo Nordisk A/S is covered by 71 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Kamla Singh	AlphaValue
Gerhard Schwarz	Baader Helvea Equity Research