Novartis AG - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US66987V1098

SecurityNVS / Novartis AG - Depositary Receipt (Common Stock)
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership17,332 shares
Latest Disclosed Value $ 2,647,528
Level Four Advisory Services, Llc reports 4.87% decrease in ownership of NVS / Novartis AG - Depositary Receipt (Common Stock)

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 17,332 shares of Novartis AG - Depositary Receipt (Common Stock) (US:NVS) valued at $2,647,463 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 18,219 shares of Novartis AG - Depositary Receipt (Common Stock). This represents a change in shares of -4.87% during the quarter. The current value of the position is $2,489,915 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 NOVARTIS SPONSORED ADR 66987V109 17,332 -887 -4.87 2,648 5.37 0.0869
2026-02-13 2025-12-31 13F NOVARTIS SPONSORED ADR 66987V109 18,219 175 0.97 2,512 8.56 0.0822
2025-11-12 2025-09-30 13F NOVARTIS SPONSORED ADR 66987V109 18,044 2,152 13.54 2,314 20.33 0.0792
2025-08-13 2025-06-30 13F NOVARTIS SPONSORED ADR 66987V109 15,892 4,596 40.69 1,923 52.74 0.0709
2025-05-14 2025-03-31 13F NOVARTIS SPONSORED ADR 66987V109 11,296 1,365 13.74 1,259 30.33 0.0518
2025-02-12 2024-12-31 13F NOVARTIS SPONSORED ADR 66987V109 9,931 -48 -0.48 966 -10.64 0.0395
2024-11-14 2024-09-30 13F NOVARTIS SPONSORED ADR 66987V109 9,979 -850 -7.85 1,082 -6.16 0.0455
2024-08-09 2024-06-30 13F NOVARTIS SPONSORED ADR 66987V109 10,829 -754 -6.51 1,153 -1.45 0.0520
2024-05-13 2024-03-31 13F NOVARTIS SPONSORED ADR 66987V109 11,583 192 1.69 1,170 1.65 0.0643
2024-02-08 2023-12-31 13F NOVARTIS SPONSORED ADR 66987V109 11,391 -709 -5.86 1,150 -6.66 0.0645
2023-11-13 2023-09-30 13F NOVARTIS SPONSORED ADR 66987V109 12,100 -826 -6.39 1,233 -5.52 0.0795
2023-07-10 2023-06-30 13F NOVARTIS SPONSORED ADR 66987V109 12,926 1,838 16.58 1,304 27.84 0.0784
2023-06-05 2023-03-31 13F NOVARTIS SPONSORED ADR 66987V109 11,088 2,197 24.71 1,020 26.55 0.0669
2023-02-13 2022-12-31 13F NOVARTIS SPONSORED ADR 66987V109 8,891 -2,700 -23.29 807 -8.51 0.0599
2022-11-07 2022-09-30 13F NOVARTIS SPONSORED ADR 66987V109 11,591 -448 -3.72 881 -13.46 0.0856
2022-08-08 2022-06-30 13F NOVARTIS SPONSORED ADR 66987V109 12,039 -1,526 -11.25 1,018 -14.45 0.0960
2022-05-10 2022-03-31 13F NOVARTIS SPONSORED ADR 66987V109 13,565 5,103 60.30 1,190 60.81 0.0932
2022-02-11 2021-12-31 13F NOVARTIS SPONSORED ADR 66987V109 8,462 -2,523 -22.97 740 -17.59 0.0564
2021-10-12 2021-09-30 13F NOVARTIS SPONSORED ADR 66987V109 10,985 7,882 254.01 898 217.31 0.0934
2021-08-09 2021-06-30 13F NOVARTIS SPONSORED ADR 66987V109 3,103 72 2.38 283 9.27 0.0196
2021-05-10 2021-03-31 13F NOVARTIS SPONSORED ADR 66987V109 3,031 -450 -12.93 259 -21.28 0.0201
2021-02-10 2020-12-31 13F NOVARTIS SPONSORED ADR 66987V109 3,481 -108 -3.01 329 5.45 0.0264
2020-11-02 2020-09-30 13F NOVARTIS SPONSORED ADR 66987V109 3,589 -776 -17.78 312 -17.89 0.0240
2020-08-17 2020-06-30 13F/A-1 NOVARTIS SPONSORED ADR 66987V109 4,365 297 7.30 380 14.46 0.0294
2020-05-13 2020-03-31 13F NOVARTIS A G SPONSORED ADR 66987V109 4,068 173 4.44 332 -15.31 0.0398
2020-02-13 2019-12-31 13F NOVARTIS A G SPONSORED ADR 66987V109 3,895 272 7.51 392 24.44 0.0155
2019-11-12 2019-09-30 13F NOVARTIS A G SPONSORED ADR 66987V109 3,623 -114 -3.05 315 -7.62 0.0326
2019-08-14 2019-06-30 13F NOVARTIS A G SPONSORED ADR 66987V109 3,737 201 5.68 341 0.29 0.0344
2019-05-15 2019-03-31 13F NOVARTIS A G SPONSORED ADR 66987V109 3,536 -155 -4.20 340 7.26 0.0374
2019-02-07 2018-12-31 13F NOVARTIS A G SPONSORED ADR 66987V109 3,691 875 31.07 317 30.45 0.0395
2018-11-14 2018-09-30 13F NOVARTIS A G SPONSORED ADR 66987V109 2,816 -310 -9.92 243 2.97 0.0263
2018-08-14 2018-06-30 13F NOVARTIS A G SPONSORED ADR 66987V109 3,126 -81 -2.53 236 -8.88 0.0172
2018-05-14 2018-03-31 13F NOVARTIS A G SPONSORED ADR 66987V109 3,207 -313 -8.89 259 -12.50 0.0201
2018-02-13 2017-12-31 13F NOVARTIS A G SPONSORED ADR 66987V109 3,520 -14,250 -80.19 296 -80.60 0.0230
2018-04-03 2017-09-30 13F/A-1 NOVARTIS A G SPONSORED ADR 66987V109 17,770 10,829 156.01 1,526 198.05 0.1353
2017-11-15 2017-09-30 13F NOVARTIS A G SPONSORED ADR 66987V109 17,812 10,871 1,525
2017-09-20 2017-06-30 13F/A-1 NOVARTIS A G SPONSORED ADR 66987V109 6,941 -3,542 -33.79 512 -33.94 0.0788
2017-07-12 2017-06-30 13F NOVARTIS A G SPONSORED ADR 66987V109 6,941 512
2017-09-20 2017-03-31 13F/A-1 NOVARTIS A G SPONSORED ADR 66987V109 10,483 298 2.93 775 4.45 0.0789
2017-05-15 2017-03-31 13F NOVARTIS A G SPONSORED ADR 66987V109 10,483 298 775
2017-02-14 2016-12-31 13F NOVARTIS A G SPONSORED ADR 66987V109 10,185 10,185 742 0.0947
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.