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
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
02 May 24	SellDKK 49,644,364	Maziar Doustdar	Individual	55,000	DKK 912.15
07 Feb 24	SellDKK 48,058,800	Karsten Knudsen	Individual	60,000	DKK 800.98
05 Feb 24	SellDKK 145,254,275	Lars Jorgensen	Individual	179,336	DKK 820.50
05 Feb 24	SellDKK 60,654,181	Camilla Sylvest	Individual	74,915	DKK 809.64

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of NOVOBC?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	146,185	0.00329%
Private Companies	415,645	0.00936%
VC/PE Firms	1,258,743,750	28.3%
Institutions	1,483,561,116	33.4%
General Public	1,697,297,380	38.2%

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

Top Shareholders

Top 25 shareholders own 47.27% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
28.4%	Novo Holdings A/S	1,258,743,750	DKK 764.8b	-0.5%	91.18%
5.02%	BlackRock, Inc.	222,953,395	DKK 135.5b	0.02%	0.3%
2.81%	The Vanguard Group, Inc.	124,636,005	DKK 75.7b	0.97%	0.16%
1.76%	Norges Bank Investment Management	78,056,581	DKK 47.4b	0%	0.53%
0.97%	FMR LLC	43,221,786	DKK 26.3b	-10.9%	0.22%
0.91%	GQG Partners LLC	40,462,645	DKK 24.6b	5.56%	2.9%
0.62%	Amundi Asset Management SAS	27,711,188	DKK 16.8b	5.94%	0.48%
0.6%	Jennison Associates LLC	26,692,092	DKK 16.2b	-0.41%	1.33%
0.56%	Geode Capital Management, LLC	25,039,187	DKK 15.2b	2.5%	0.15%
0.55%	Wellington Management Group LLP	24,306,002	DKK 14.8b	42.7%	0.32%
0.5%	Deutsche Asset & Wealth Management	22,013,405	DKK 13.4b	0%	0.53%
0.45%	Alecta Pensionsförsäkring, ömsesidigt	19,933,628	DKK 12.1b	0%	3.43%
0.44%	JP Morgan Asset Management	19,501,453	DKK 11.8b	-2.83%	0.18%
0.41%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	18,077,209	DKK 11.0b	-24%	0.38%
0.37%	T. Rowe Price Group, Inc.	16,311,675	DKK 9.9b	-4.97%	0.12%
0.37%	State Street Global Advisors, Inc.	16,215,581	DKK 9.9b	0.73%	0.05%
0.36%	WCM Investment Management, LLC	15,900,199	DKK 9.7b	0.26%	2.12%
0.33%	Handelsbanken Asset Management	14,872,656	DKK 9.0b	0.57%	1.88%
0.32%	Massachusetts Financial Services Company	14,307,476	DKK 8.7b	30.1%	0.26%
0.3%	Fisher Asset Management, LLC	13,305,530	DKK 8.1b	0%	0.46%
0.28%	Fayez Sarofim & Co., LLC	12,217,118	DKK 7.4b	-2.67%	2.69%
0.27%	Capital Research and Management Company	11,899,002	DKK 7.2b	-0.05%	0.05%
0.27%	UBS Asset Management AG	11,824,481	DKK 7.2b	0.52%	0.1%
0.24%	Strategic Advisers LLC	10,644,704	DKK 6.5b	9.51%	0.34%
0.23%	Dimensional Fund Advisors LP	10,038,223	DKK 6.1b	-0.4%	0.13%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/30 16:09
End of Day Share Price	2025/01/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

Novo Nordisk A/S is covered by 71 analysts. 23 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