Novo Nordisk Ownership

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

Recent Insider Transactions

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 NVO N?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	146,185	0.0033%
Private Companies	407,774	0.00922%
VC/PE Firms	1,258,743,750	28.5%
Institutions	1,492,280,708	33.7%
General Public	1,672,741,939	37.8%

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

Top Shareholders

Top 25 shareholders own 47.38% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
28.5%	Novo Holdings A/S	1,258,743,750	Mex$2.8t	-0.5%	92.92%
5.04%	BlackRock, Inc.	222,953,395	Mex$487.1b	0.02%	0.38%
2.79%	The Vanguard Group, Inc.	123,527,857	Mex$269.9b	0.12%	0.19%
1.76%	Norges Bank Investment Management	78,056,581	Mex$170.5b	0%	0.67%
1.01%	FMR LLC	44,763,831	Mex$97.8b	-2.19%	0.28%
0.87%	GQG Partners LLC	38,288,480	Mex$83.7b	15.9%	3.34%
0.67%	Amundi Asset Management SAS	29,852,755	Mex$65.2b	13.6%	0.65%
0.61%	Jennison Associates LLC	27,138,119	Mex$59.3b	1.25%	1.58%
0.54%	Geode Capital Management, LLC	24,109,347	Mex$52.7b	-1.02%	0.18%
0.5%	Deutsche Asset & Wealth Management	22,114,947	Mex$48.3b	0%	0.66%
0.46%	JP Morgan Asset Management	20,155,929	Mex$44.0b	-1%	0.23%
0.45%	Alecta Pensionsförsäkring, ömsesidigt	19,933,628	Mex$43.6b	0%	4.35%
0.41%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	18,297,417	Mex$40.0b	-23.1%	0.46%
0.38%	T. Rowe Price Group, Inc.	16,656,326	Mex$36.4b	-0.01%	0.16%
0.37%	Wellington Management Group LLP	16,483,601	Mex$36.0b	-0.12%	0.28%
0.37%	State Street Global Advisors, Inc.	16,348,107	Mex$35.7b	0.64%	0.06%
0.36%	Fundsmith, LLP	16,035,654	Mex$35.0b	0%	5.34%
0.36%	WCM Investment Management, LLC	15,839,764	Mex$34.6b	-1.28%	2.5%
0.33%	Fisher Asset Management, LLC	14,799,372	Mex$32.3b	-0.44%	0.62%
0.31%	Handelsbanken Asset Management	13,756,689	Mex$30.1b	0.17%	2.18%
0.28%	Fayez Sarofim & Co., LLC	12,217,118	Mex$26.7b	-2.67%	3.27%
0.27%	Capital Research and Management Company	11,899,002	Mex$26.0b	-0.05%	0.06%
0.27%	UBS Asset Management AG	11,839,800	Mex$25.9b	0.82%	0.12%
0.26%	Invesco Ltd.	11,535,286	Mex$25.2b	0.38%	0.32%
0.25%	Massachusetts Financial Services Company	11,095,205	Mex$24.2b	1.07%	0.25%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 01:28
End of Day Share Price	2024/12/18 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. 25 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