Novo Nordisk A/S - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US6701002056

SecurityNVO / Novo Nordisk A/S - Depositary Receipt (Common Stock)
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership208,855 shares
Latest Disclosed Value $ 7,675,443
Level Four Advisory Services, Llc reports 121.89% increase in ownership of NVO / Novo Nordisk A/S - Depositary Receipt (Common Stock)

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 208,855 shares of Novo Nordisk A/S - Depositary Receipt (Common Stock) (US:NVO) valued at $7,675,421 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 94,126 shares of Novo Nordisk A/S - Depositary Receipt (Common Stock). This represents a change in shares of 121.89% during the quarter. The current value of the position is $8,771,910 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F NOVO-NORDISK A S ADR 670100205 208,855 114,729 121.89 7,675 60.26 0.2520
2026-02-13 2025-12-31 13F NOVO-NORDISK A S ADR 670100205 94,126 -65,681 -41.10 4,789 -45.99 0.1567
2025-11-12 2025-09-30 13F NOVO-NORDISK A S ADR 670100205 159,807 423 0.27 8,868 -19.39 0.3036
2025-08-13 2025-06-30 13F NOVO-NORDISK A S ADR 670100205 159,384 24,481 18.15 11,001 17.43 0.4054
2025-05-14 2025-03-31 13F NOVO-NORDISK A S ADR 670100205 134,903 53,744 66.22 9,368 34.18 0.3852
2025-02-12 2024-12-31 13F NOVO-NORDISK A S ADR 670100205 81,159 -16,610 -16.99 6,981 -36.22 0.2853
2024-11-14 2024-09-30 13F NOVO-NORDISK A S ADR 670100205 97,769 29,270 42.73 10,945 11.95 0.4607
2024-08-09 2024-06-30 13F NOVO-NORDISK A S ADR 670100205 68,499 13,882 25.42 9,778 73.04 0.4407
2024-05-13 2024-03-31 13F NOVO-NORDISK A S ADR 670100205 54,617 499 0.92 5,650 0.93 0.3104
2024-02-08 2023-12-31 13F NOVO-NORDISK A S ADR 670100205 54,118 2,790 5.44 5,598 19.95 0.3141
2023-11-13 2023-09-30 13F NOVO-NORDISK A S ADR 670100205 51,328 30,055 141.28 4,668 35.59 0.3009
2023-07-10 2023-06-30 13F NOVO-NORDISK A S ADR 670100205 21,273 -1,798 -7.79 3,443 -6.24 0.2068
2023-06-05 2023-03-31 13F NOVO-NORDISK A S ADR 670100205 23,071 1,930 9.13 3,671 28.31 0.2408
2023-02-13 2022-12-31 13F NOVO-NORDISK A S ADR 670100205 21,141 -789 -3.60 2,861 30.94 0.2124
2022-11-07 2022-09-30 13F NOVO-NORDISK A S ADR 670100205 21,930 1,151 5.54 2,185 -5.62 0.2124
2022-08-08 2022-06-30 13F NOVO-NORDISK A S ADR 670100205 20,779 2,592 14.25 2,315 14.60 0.2184
2022-05-10 2022-03-31 13F NOVO-NORDISK A S ADR 670100205 18,187 -757 -4.00 2,020 -4.81 0.1582
2022-02-11 2021-12-31 13F NOVO-NORDISK A S ADR 670100205 18,944 169 0.90 2,122 17.69 0.1618
2021-10-12 2021-09-30 13F NOVO-NORDISK A S ADR 670100205 18,775 603 3.32 1,803 18.46 0.1875
2021-08-09 2021-06-30 13F NOVO-NORDISK A S ADR 670100205 18,172 727 4.17 1,522 29.42 0.1052
2021-05-10 2021-03-31 13F NOVO-NORDISK A S ADR 670100205 17,445 2,687 18.21 1,176 14.06 0.0913
2021-02-10 2020-12-31 13F NOVO-NORDISK A S ADR 670100205 14,758 462 3.23 1,031 3.83 0.0827
2020-11-02 2020-09-30 13F NOVO-NORDISK A S ADR 670100205 14,296 -14,377 -50.14 993 -47.01 0.0765
2020-08-17 2020-06-30 13F/A-1 NOVO-NORDISK A S ADR 670100205 28,673 -1,759 -5.78 1,874 2.52 0.1450
2020-05-13 2020-03-31 13F NOVO-NORDISK A S ADR 670100205 30,432 14,742 93.96 1,828 101.99 0.2193
2020-02-13 2019-12-31 13F NOVO-NORDISK A S ADR 670100205 15,690 2,571 19.60 905 33.48 0.0358
2019-11-12 2019-09-30 13F NOVO-NORDISK A S ADR 670100205 13,119 278 2.16 678 3.51 0.0702
2019-08-14 2019-06-30 13F NOVO-NORDISK A S ADR 670100205 12,841 1,529 13.52 655 10.64 0.0661
2019-05-15 2019-03-31 13F NOVO-NORDISK A S ADR 670100205 11,312 140 1.25 592 14.95 0.0652
2019-02-07 2018-12-31 13F NOVO-NORDISK A S ADR 670100205 11,172 609 5.77 515 3.41 0.0642
2018-11-14 2018-09-30 13F NOVO-NORDISK A S ADR 670100205 10,563 -77 -0.72 498 1.43 0.0538
2018-08-14 2018-06-30 13F NOVO-NORDISK A S ADR 670100205 10,640 865 8.85 491 2.08 0.0358
2018-05-14 2018-03-31 13F NOVO-NORDISK A S ADR 670100205 9,775 1,568 19.11 481 9.32 0.0373
2018-02-13 2017-12-31 13F NOVO-NORDISK A S ADR 670100205 8,207 -329 -3.85 440 7.06 0.0342
2018-04-03 2017-09-30 13F/A-1 NOVO-NORDISK A S ADR 670100205 8,536 -7,094 -45.39 411 -26.34 0.0364
2017-11-15 2017-09-30 13F NOVO-NORDISK A S ADR 670100205 9,493 -6,137 467
2017-09-20 2017-06-30 13F/A-1 NOVO-NORDISK A S ADR 670100205 15,630 -185 -1.17 558 -1.06 0.0859
2017-07-12 2017-06-30 13F NOVO-NORDISK A S ADR 670100205 15,630 -185 558
2017-09-20 2017-03-31 13F/A-1 NOVO-NORDISK A S ADR 670100205 15,815 -20,187 -56.07 564 -56.31 0.0574
2017-05-15 2017-03-31 13F NOVO-NORDISK A S ADR 670100205 15,815 -20,187 564
2017-02-14 2016-12-31 13F NOVO-NORDISK A S ADR 670100205 36,002 36,002 1,291 0.1648
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.