SEC 13F Intelligence

Managers / Q4 2022 · view latest →

NORDEA INVESTMENT MANAGEMENT AB

CIK 0001218210 · M 540, STOCKHOLM, V7, SE-10571 · 46 8 614 70 00

Reported Value
$64.3B
Q4 2022
Positions
1,046
Filings on Record
33
2019–present window
Filed
Feb 8, 2023
original filing

Summary

Nordea Investment Management AB reported $64.3B in U.S.-listed holdings across 1,046 positions for Q4 2022.

Its largest position, MSFT, represents 5.1% of the portfolio.

Compared with Q3 2022, the fund opened 35 new positions and exited 54.

Portfolio Metrics

Turnover
+7.1%
vs prior filed quarter
Top-10 Concentration
+23.1%
share of reported value
Largest Position
+5.1%
Microsoft
New / Exited
35 / 54
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $120.1BQ4 ’18Q1 ’19: $48.0BQ2 ’19: $44.9BQ3 ’19: $45.9BQ4 ’19: $50.1BQ4 ’19Q1 ’20: $41.5BQ2 ’20: $96.4BQ3 ’20: $53.3BQ4 ’20: $62.3BQ4 ’20Q1 ’21: $68.9BQ2 ’21: $74.7BQ3 ’21: $76.9BQ4 ’21: $83.5BQ4 ’21Q1 ’22: $79.7BQ2 ’22: $67.4BQ3 ’22: $61.8BQ4 ’22: $64.3BQ4 ’22Q1 ’23: $68.6BQ2 ’23: $73.1BQ3 ’23: $72.0BQ4 ’23: $78.8BQ4 ’23Q1 ’24: $84.6BQ2 ’24: $85.2BQ3 ’24: $88.0BQ4 ’24: $95.6BQ4 ’24Q1 ’25: $94.7BQ2 ’25: $107.8BQ3 ’25: $114.2BQ4 ’25: $116.4BQ4 ’25Q1 ’26: $107.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 93.2%Other: 5.1%REIT: 0.9%ADR: 0.8%Tracking Stk: 0.0%Equity WRT: 0.0%
  • Common Stock · 93.2% · $59.9B
  • Other · 5.1% · $3.3B
  • REIT · 0.9% · $594M
  • ADR · 0.8% · $541M
  • Tracking Stk · 0.0% · $1M
  • Equity WRT · 0.0% · $250,698

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ZTOZTO EXPRESS CAYMAN INCNEW+859.3K859.3K+$23M$23M
MTRNMATERION CORPNEW+91.6K91.6K+$8M$8M
SWAVUSDSHOCKWAVE MED INCNEW+34.3K34.3K+$7M$7M
RCUSARCUS BIOSCIENCES INCNEW+265.5K265.5K+$5M$5M
XPELXPEL INCNEW+87.2K87.2K+$5M$5M
COTYCOTY INCNEW+615.7K615.7K+$5M$5M
SIGNET JEWELERS LIMITEDNEW+60.3K60.3K+$4M$4M
RLJRLJ LODGING TRNEW+355.6K355.6K+$4M$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

459 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.10%$3.3B13.76M
2AAPLAPPLE INChistory →COM3.66%$2.4B18.41M
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.07%$2.0B22.61M
4JNJJOHNSON & JOHNSONhistory →COM1.97%$1.3B7.15M
5VVISA INChistory →COM CL A1.86%$1.2B5.79M
6KOCOCA COLA COhistory →COM1.57%$1.0B15.88M
7MRKMERCK & CO INChistory →COM1.56%$1.0B9.06M
8MAMASTERCARD INCORPORATEDhistory →CL A1.52%$974M2.82M
9CSCOCISCO SYS INChistory →COM1.46%$939M19.92M
10UNHUNITEDHEALTH GROUP INChistory →COM1.37%$881M1.67M
11CVSCVS HEALTH CORPhistory →COM1.34%$863M9.27M
12WMWASTE MGMT INC DELhistory →COM1.33%$857M5.44M
13BMYBRISTOL-MYERS SQUIBB COhistory →COM1.25%$803M11.21M
14ELVELEVANCE HEALTH INChistory →COM1.24%$797M1.56M
15MDLZMONDELEZ INTL INChistory →CL A1.21%$779M11.70M
16CICIGNA CORP NEWhistory →COM1.08%$691M2.09M
17CMCSACOMCAST CORP NEWhistory →CL A1.04%$669M19.19M
18RSGREPUBLIC SVCS INChistory →COM0.98%$628M4.86M
19ABBVABBVIE INChistory →COM0.92%$591M3.67M
20ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.87%$557M1.66M
21BACVERIZON COMMUNICATIONS INChistory →COM0.85%$549M13.94M
22MEDTRONIC PLCSHS0.85%$548M7.10M
23JPMJPMORGAN CHASE & COhistory →COM0.82%$529M3.98M
24PEPPEPSICO INChistory →COM0.77%$496M2.74M
25FISVFISERV INChistory →COM0.77%$495M4.92M
26EMREMERSON ELEC COhistory →COM0.76%$486M5.08M
27HDHOME DEPOT INChistory →COM0.75%$485M1.54M
28EBAEBAY INC.history →COM0.71%$459M11.10M
29ORCLORACLE CORPhistory →COM0.68%$438M5.40M
30NVDANVIDIA CORPORATIONhistory →COM0.68%$434M3.01M
31AMZNAMAZON COM INChistory →COM0.66%$424M5.11M
32AKAMAKAMAI TECHNOLOGIES INChistory →COM0.66%$422M5.01M
33NKENIKE INChistory →CL B0.65%$419M3.60M
34PGPROCTER AND GAMBLE COhistory →COM0.65%$419M2.76M
35PFEPFIZER INChistory →COM0.65%$418M8.19M
36SNPSSYNOPSYS INChistory →COM0.64%$411M1.30M
37AMGNAMGEN INChistory →COM0.64%$409M1.56M
38ACCENTURE PLC IRELANDSHS CLASS A0.63%$406M1.53M
39IFFINTERNATIONAL FLAVORS&FRAGRAhistory →COM0.60%$384M3.67M
40TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.59%$377M687.4K
41SBUXSTARBUCKS CORPhistory →COM0.58%$375M3.81M
42DEDEERE & COhistory →COM0.57%$368M865.0K
43PEGPUBLIC SVC ENTERPRISE GRP INhistory →COM0.55%$356M5.78M
44CHECK POINT SOFTWARE TECH LTORD0.54%$350M2.79M
45TJXTJX COS INC NEWhistory →COM0.54%$348M4.41M
46CLCOLGATE PALMOLIVE COhistory →COM0.52%$335M4.25M
47ESEVERSOURCE ENERGYhistory →COM0.52%$335M3.96M
48ADPAUTOMATIC DATA PROCESSING INhistory →COM0.52%$333M1.40M
49METAMETA PLATFORMS INChistory →CL A0.50%$320M2.70M
50SPGIS&P GLOBAL INChistory →COM0.49%$312M935.6K
51SYKSTRYKER CORPORATIONhistory →COM0.49%$312M1.29M
52GPNGLOBAL PMTS INChistory →COM0.47%$302M3.06M
53URIUNITED RENTALS INChistory →COM0.45%$292M829.9K
54MNSTMONSTER BEVERAGE CORP NEWhistory →COM0.45%$292M2.88M
55AKXANSYS INChistory →COM0.44%$286M1.19M
56GISGENERAL MLS INChistory →COM0.44%$282M3.35M
57NEENEXTERA ENERGY INChistory →COM0.44%$280M3.34M
58TRVCCITIGROUP INChistory →COM NEW0.43%$278M6.19M
59AGCOAGCO CORPhistory →COM0.43%$277M2.01M
60LINDE PLCSHS0.43%$276M849.8K
61ECLECOLAB INChistory →COM0.43%$274M1.88M
62AXPAMERICAN EXPRESS COhistory →COM0.42%$268M1.83M
63ROPROPER TECHNOLOGIES INChistory →COM0.41%$262M604.4K
64STTSTATE STR CORPhistory →COM0.40%$257M3.34M
65CHUBB LIMITEDCOM0.40%$257M1.16M
66MTZMASTEC INChistory →COM0.40%$257M3.06M
67TAT&T INChistory →COM0.40%$257M13.98M
68MCDMCDONALDS CORPhistory →COM0.39%$250M949.4K
69MCKMCKESSON CORPhistory →COM0.39%$249M666.8K
70DWDMORGAN STANLEYhistory →COM NEW0.39%$248M2.93M
71CNCCENTENE CORP DELhistory →COM0.38%$246M3.01M
72BAXBAXTER INTL INChistory →COM0.38%$245M4.83M
73TERTERADYNE INChistory →COM0.37%$239M2.79M
74GTLSCHART INDS INChistory →COM0.37%$239M2.10M
75PKGPACKAGING CORP AMERhistory →COM0.37%$238M1.86M
76HSYHERSHEY COhistory →COM0.35%$226M972.8K
77APTIV PLCSHS0.35%$224M2.39M
78CDNSCADENCE DESIGN SYSTEM INChistory →COM0.34%$218M1.37M
79MIDDMIDDLEBY CORPhistory →COM0.33%$212M1.58M
80TTCTORO COhistory →COM0.33%$210M1.88M
81ZBRAZEBRA TECHNOLOGIES CORPORATIhistory →CL A0.33%$210M824.8K
82LOWLOWES COS INChistory →COM0.33%$210M1.06M
83AMDADVANCED MICRO DEVICES INChistory →COM0.32%$208M3.24M
84MCXMCCORMICK & CO INChistory →COM NON VTG0.31%$202M2.41M
85AZOAUTOZONE INChistory →COM0.31%$202M82.0K
86AMDOCS LTDSHS0.31%$202M2.23M
87METMETLIFE INChistory →COM0.31%$199M2.75M
88WFCWELLS FARGO CO NEWhistory →COM0.30%$193M4.67M
89TXNTEXAS INSTRS INChistory →COM0.30%$191M1.17M
90NSCNORFOLK SOUTHN CORPhistory →COM0.30%$191M775.4K
91ASPEN TECHNOLOGY INCCOM0.30%$190M936.7K
92IPINTERNATIONAL PAPER COhistory →COM0.29%$189M5.46M
93COCA-COLA EUROPACIFIC PARTNESHS0.29%$189M3.43M
94CTSHCOGNIZANT TECHNOLOGY SOLUTIOhistory →CL A0.29%$188M3.33M
95LABORATORY CORP AMER HLDGSCOM NEW0.29%$188M800.0K
96TXRHTEXAS ROADHOUSE INChistory →COM0.29%$188M2.05M
97TSCOTRACTOR SUPPLY COhistory →COM0.29%$186M828.7K
98LRCXEURLAM RESEARCH CORPhistory →COM0.29%$185M445.5K
99GFLGFL ENVIRONMENTAL INChistory →SUB VTG SHS0.29%$183M6.33M
100ELLAUDER ESTEE COS INChistory →CL A0.28%$182M737.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$107.2B1,994May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$116.4B1,984Jan 8, 202613F-HRchanges · EDGAR ↗
Q3 2025$114.2B1,956Oct 27, 202513F-HRchanges · EDGAR ↗
Q2 2025$107.8B1,975Jul 29, 202513F-HRchanges · EDGAR ↗
Q1 2025$94.7B1,977May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$95.6B2,486Jan 6, 202513F-HRchanges · EDGAR ↗
Q3 2024$88.0B2,494Nov 5, 202413F-HRchanges · EDGAR ↗
Q2 2024$85.2B1,056Aug 8, 202413F-HRchanges · EDGAR ↗
Q1 2024$84.6B1,037May 2, 202413F-HRchanges · EDGAR ↗
Q4 2023$78.8B1,052Jan 10, 202413F-HRchanges · EDGAR ↗
Q3 2023$72.0B1,057Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$73.1B1,052Jul 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$68.6B1,063Apr 19, 202313F-HRchanges · EDGAR ↗
Q4 2022$64.3B1,046Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$61.8B1,073Oct 19, 202213F-HRchanges · EDGAR ↗
Q2 2022$67.4B1,095Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$79.7B1,050Apr 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$83.5B1,064Jan 20, 202213F-HRchanges · EDGAR ↗
Q3 2021$76.9B1,072Nov 1, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2021$74.7B1,072Jul 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$68.9B1,054May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$62.3B924Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$53.3B912Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$96.4B1,814Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$41.5B936May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$50.1B963Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$45.9B957Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$44.9B974Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$48.0B1,389May 20, 201913F-HRchanges · EDGAR ↗
Q4 2018REVEALED$120.1B3,994Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • NORDEA INVESTMENT MANAGEMENT NORTH AMERICA INC028-10481

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.