SEC 13F Intelligence

Saratoga Research & Investment Management / NVO

Saratoga Research & Investment Management’s Novo-Nordisk A S Position

Does Saratoga Research & Investment Management own Novo-Nordisk A S (NVO)? Yes — 3.44M shares worth $126M (+7.17% of its 13F portfolio) as of Q1 2026, up from 1.85M shares the prior filed quarter.

Position Value
$126M
Q1 2026
Shares
3.44M
% of Portfolio
+7.17%
Quarters Held
30
currently held

Position History NVO

Reported value by quarter
Q4 ’18: $66MQ4 ’18Q1 ’19: $79MQ2 ’19: $79MQ3 ’19: $80MQ4 ’19: $89MQ4 ’19Q1 ’20: $92MQ2 ’20: $78MQ3 ’20: $79MQ4 ’20: $82MQ4 ’20Q1 ’21: $82MQ2 ’21: $104MQ3 ’21: $80MQ4 ’21: $89MQ4 ’21Q1 ’22: $87MQ2 ’22: $79MQ3 ’22: $70MQ4 ’22: $92MQ4 ’22Q1 ’23: $75MQ2 ’23: $74MQ3 ’23: $81MQ4 ’23: $86MQ4 ’23Q1 ’24: $101MQ2 ’24: $107MQ3 ’24: $84MQ4 ’24: $60MQ4 ’24Q1 ’25: $101MQ2 ’25: $104MQ3 ’25: $103MQ4 ’25: $94MQ4 ’25Q1 ’26: $126Mfilingsflow.com
QuarterSharesValue% of Portfolio
Q1 20263.44M$126M+7.17%
Q4 20251.85M$94M+4.94%
Q3 20251.85M$103M+5.35%
Q2 20251.51M$104M+5.59%
Q1 20251.45M$101M+5.33%
Q4 2024700.6K$60M+3.04%
Q3 2024708.5K$84M+3.69%
Q2 2024748.7K$107M+4.86%
Q1 2024783.8K$101M+4.57%
Q4 2023827.6K$86M+3.95%
Q3 2023890.2K$81M+3.95%
Q2 2023457.7K$74M+3.41%
Q1 2023469.4K$75M+3.55%
Q4 2022678.3K$92M+4.54%
Q3 2022698.9K$70M+3.68%
Q2 2022706.9K$79M+3.90%
Q1 2022786.3K$87M+3.80%
Q4 2021798.5K$89M+3.81%
Q3 2021835.2K$80M+3.70%
Q2 20211.24M$104M+4.89%
Q1 20211.22M$82M+4.17%
Q4 20201.17M$82M+4.37%
Q3 20201.14M$79M+4.76%
Q2 20201.19M$78M+4.91%
Q1 20201.52M$92M+6.35%
Q4 20191.53M$89M+5.32%
Q3 20191.55M$80M+5.16%
Q2 20191.55M$79M+4.97%
Q1 20191.51M$79M+5.39%
Q4 20181.44M$66M+5.25%

Common-stock position only; options are excluded. Quarters where the fund filed no 13F or reported no position are absent. See Saratoga Research & Investment Management’s full portfolio or all institutional holders of NVO.