Novo Holdings

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Novo Holdings A/S (formerly Novo A/S) is the Novo Nordisk Foundation's wholly owned holding company for Novo (formerly Novo Nordisk) and Novonesis (formerly Novozymes). Novo Holdings was established in 1999 and manages the Novo Nordisk Foundation's assets, which by the end of 2025 were worth DKK 694 billion (€93 billion). The company generated total income and investment return of DKK 21 billion in 2025, following DKK 60 billion (€8.0 billion) in 2024 and DKK 31 billion (€4.2 billion) in 2023. Total assets under management fell from DKK 1,060 billion at year-end 2024 to DKK 694 billion at year-end 2025, mainly reflecting a lower market value of Novo Holdings' stake in Novo following a sharp decline in the pharmaceutical company's share price during 2025. By the end of 2025, Novo Holdings had more than 170 companies in its investment portfolio. It is one of the largest charitable foundations in the world making Novo Holdings a world-leading life sciences investor. Novo Holdings is headquartered...

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