SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Mn Services Vermogensbeheer B.V.

CIK 0001666940 · PRINSES BEATRIXLAAN 15, THE HAGUE, P7, 2595AK · 0031703160476

Reported Value
$16.3B
Q4 2025
Positions
442
Filings on Record
29
2019–present window
Filed
Jan 15, 2026
original filing

Summary

Mn Services Vermogensbeheer B.V. reported $16.3B in U.S.-listed holdings across 442 positions for Q4 2025.

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

Compared with Q3 2025, the fund opened 1 new position and exited 17.

Portfolio Metrics

Turnover
+3.6%
vs prior filed quarter
Top-10 Concentration
+35.0%
share of reported value
Largest Position
+5.1%
Nvidia
New / Exited
1 / 17
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: $6.6BQ4 ’18Q1 ’19: $8.6BQ2 ’19: $8.5BQ3 ’19: $10.8BQ4 ’19: $11.7BQ4 ’19Q1 ’20: $8.9BQ2 ’20: $11.7BQ3 ’20: $12.7BQ4 ’20: $14.2BQ4 ’20Q2 ’21: $12.9BQ3 ’21: $16.2BQ4 ’21: $17.1BQ1 ’22: $15.0BQ1 ’22Q2 ’22: $10.7BQ3 ’22: $9.5BQ4 ’22: $8.9BQ1 ’23: $9.7BQ1 ’23Q2 ’23: $10.7BQ3 ’23: $10.4BQ4 ’23: $11.1BQ1 ’24: $13.8BQ1 ’24Q2 ’24: $13.8BQ3 ’24: $14.3BQ4 ’24: $14.8BQ1 ’25: $12.9BQ1 ’25Q2 ’25: $14.4BQ3 ’25: $15.5BQ4 ’25: $16.3BQ1 ’26: $15.1BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 98.5%Other: 1.4%Tracking Stk: 0.0%REIT: 0.0%
  • Common Stock · 98.5% · $16.0B
  • Other · 1.4% · $226M
  • Tracking Stk · 0.0% · $8M
  • REIT · 0.0% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FGF&G ANNUITIESNEW+6.0K6.0K+$185,000$185,000
NFLXNETFLIX INCADDED+1.49M1.66M−$39M$155M
NOWSERVICENOW INCADDED+322.4K401.0K−$11M$61M
VRTVERTIV HOLDING-ASOLD OUT−136.8K0−$21M$0
ENBENBRIDGE INCSOLD OUT−396.6K0−$20M$0
KELKELLANOVASOLD OUT−103.3K0−$8M$0
OCOWENS CORNINGSOLD OUT−32.3K0−$5M$0
POOLPOOL CORPSOLD OUT−14.1K0−$4M$0

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

Holdings — Q4 2025

441 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPhistory →COM5.05%$821M4.40M
2AAPLAPPLE INChistory →COM4.78%$778M2.86M
3AMZNAMAZON.COM INChistory →COM4.12%$669M2.90M
4MSFTMICROSOFT CORPhistory →COM3.84%$624M1.29M
5GOOGLALPHABET INC-Ahistory →CAP STK CL A3.74%$609M1.94M
6AVGOBROADCOM INChistory →COM3.68%$598M1.73M
7GOOGALPHABET INC-Chistory →CAP STK CL C3.18%$517M1.65M
8TSLATESLA INChistory →COM3.10%$504M1.12M
9LLYELI LILLY & COhistory →COM2.06%$335M311.9K
10VVISA INC-CLASS Ahistory →COM CL A1.44%$234M667.5K
11JPMJPMORGAN CHASEhistory →COM1.25%$204M632.1K
12JNJJOHNSON&JOHNSONhistory →COM1.19%$193M933.4K
13MAMASTERCARD INC-Ahistory →CL A1.11%$180M315.4K
14ABBVABBVIE INChistory →COM0.96%$157M685.2K
15NFLXNETFLIX INChistory →COM0.96%$155M1.66M
16COSTCOSTCO WHOLESALEhistory →COM0.91%$148M171.8K
17AMDADV MICRO DEVICEhistory →COM0.83%$135M629.3K
18HDHOME DEPOT INChistory →COM0.82%$132M385.0K
19PGPROCTER & GAMBLEhistory →COM0.80%$130M908.2K
20ORCLORACLE CORPhistory →COM0.78%$127M651.8K
21MUMICRON TECHhistory →COM0.76%$124M432.8K
22CSCOCISCO SYSTEMShistory →COM0.73%$119M1.54M
23WFCWELLS FARGO & COhistory →COM0.72%$118M1.26M
24UNHUNITEDHEALTH GRPhistory →COM0.72%$117M354.3K
25KOCOCA-COLA CO/THEhistory →COM0.68%$111M1.58M
26IBMIBMhistory →COM0.65%$106M359.4K
27MRKMERCK & COhistory →COM0.63%$103M974.6K
28CRMSALESFORCE INChistory →COM0.61%$99M372.2K
29BACBANK OF AMERICAhistory →COM0.55%$90M1.63M
30LRCXLAM RESEARCHhistory →COM NEW0.52%$85M497.1K
31TMOTHERMO FISHERhistory →COM0.52%$85M146.2K
32MCDMCDONALDS CORPhistory →COM0.52%$85M277.0K
33ABTABBOTT LABShistory →COM0.52%$84M671.7K
34AMATAPPLIED MATERIALhistory →COM0.50%$81M314.6K
35AXPAMERICAN EXPRESShistory →COM0.49%$80M216.9K
36DISWALT DISNEY CO/Thistory →COM0.49%$80M700.2K
37ISRGINTUITIVE SURGIChistory →COM NEW0.48%$79M138.8K
38LINDE PLCSHS0.48%$78M183.2K
39PEPPEPSICO INChistory →COM0.47%$76M531.1K
40SHOPSHOPIFY INC - Ahistory →CL A SUB VTG SHS0.47%$76M471.7K
41QCOMQUALCOMM INChistory →COM0.45%$73M428.4K
42INTUINTUIT INChistory →COM0.44%$72M108.2K
43GEVGE VERNOVA INChistory →COM0.43%$69M105.9K
44TAT&T INChistory →COM0.42%$69M2.78M
45AMGNAMGEN INChistory →COM0.42%$68M208.2K
46SCHWSCHWAB (CHARLES)history →COM0.41%$67M667.4K
47VZVERIZON COMMUNIChistory →COM0.41%$67M1.63M
48ACNACCENTURE PLC-Ahistory →SHS CLASS A0.40%$65M242.5K
49SPGIS&P GLOBAL INChistory →COM0.39%$63M121.5K
50APHAMPHENOL CORP-Ahistory →CL A0.39%$63M469.4K
51KLACKLA CORPhistory →COM NEW0.38%$63M51.4K
52INTCINTEL CORPhistory →COM0.38%$62M1.69M
53GSGOLDMAN SACHS GPhistory →COM0.38%$62M70.2K
54NOWSERVICENOW INChistory →COM0.38%$61M401.0K
55BLKBLACKROCK INChistory →COM0.38%$61M57.1K
56TXNTEXAS INSTRUMENThistory →COM0.38%$61M352.4K
57APPAPPLOVIN CO-CL Ahistory →COM CL A0.37%$61M89.8K
58COFCAPITAL ONE FINAhistory →COM0.37%$60M247.6K
59UBERUBER TECHNOLOGIEhistory →COM0.37%$60M729.0K
60GILDGILEAD SCIENCEShistory →COM0.36%$59M482.8K
61ADBEADOBE INChistory →COM0.36%$58M165.1K
62DHRDANAHER CORPhistory →COM0.35%$57M249.3K
63PFEPFIZER INChistory →COM0.34%$55M2.20M
64BSXBOSTON SCIENTIFChistory →COM0.34%$55M572.9K
65RYROYAL BANK OF CAhistory →COM0.34%$55M319.9K
66ANETARISTA NETWORKShistory →COM SHS0.33%$54M415.2K
67UNPUNION PAC CORPhistory →COM0.33%$54M232.2K
68LOWLOWE'S COS INChistory →COM0.32%$52M216.8K
69ADIANALOG DEVICEShistory →COM0.32%$52M192.1K
70PGRPROGRESSIVE CORPhistory →COM0.32%$52M227.0K
71CCITIGROUP INChistory →COM NEW0.31%$50M425.5K
72MSMORGAN STANLEYhistory →COM NEW0.30%$49M273.5K
73ETNEATON CORP PLChistory →SHS0.30%$48M151.7K
74MEDTRONIC PLCSHS0.29%$48M496.8K
75PANWPALO ALTO NETWORhistory →COM0.29%$47M256.5K
76SYKSTRYKER CORPhistory →COM0.29%$47M133.0K
77DEDEERE & COhistory →COM0.29%$47M99.9K
78CBCHUBB LTDhistory →COM0.28%$46M147.5K
79CRWDCROWDSTRIKE HO-Ahistory →CL A0.28%$45M96.1K
80PHPARKER HANNIFINhistory →COM0.27%$44M50.2K
81NEMNEWMONT CORPhistory →COM0.27%$44M439.6K
82CMCSACOMCAST CORP-Ahistory →CL A0.27%$44M1.47M
83BMYBRISTOL-MYER SQBhistory →COM0.26%$43M791.7K
84ADPAUTOMATIC DATAhistory →COM0.25%$41M157.6K
85MCKMCKESSON CORPhistory →COM0.25%$40M48.7K
86CVSCVS HEALTH CORPhistory →COM0.24%$39M491.3K
87CMECME GROUP INChistory →COM0.24%$38M140.2K
88TDTORONTO-DOM BANKhistory →COM NEW0.23%$37M396.0K
89SBUXSTARBUCKS CORPhistory →COM0.23%$37M442.0K
90ICEINTERCONT EXCH Ihistory →COM0.22%$36M223.6K
91TMUST-MOBILE US INChistory →COM0.22%$36M177.7K
92MELIMERCADOLIBRE INChistory →COM0.22%$36M17.8K
93MRSHMARSH & MCLENNANhistory →COM0.22%$36M192.3K
94DUKDUKE ENERGY CORPhistory →COM NEW0.22%$36M303.3K
95WMWASTE MANAGEMENThistory →COM0.21%$34M155.2K
96TTTRANE TECHNOLOGIhistory →SHS0.21%$34M87.4K
97SNPSSYNOPSYS INChistory →COM0.21%$34M71.6K
98MMM3M COhistory →COM0.21%$34M210.0K
99HCAHCA HEALTHCARE Ihistory →COM0.21%$34M71.9K
100CDNSCADENCE DESIGNhistory →COM0.20%$33M106.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$15.1B430Apr 30, 202613F-HRchanges · EDGAR ↗
Q4 2025$16.3B442Jan 15, 202613F-HRchanges · EDGAR ↗
Q3 2025$15.5B458Oct 31, 202513F-HRchanges · EDGAR ↗
Q2 2025$14.4B466Jul 10, 202513F-HRchanges · EDGAR ↗
Q1 2025$12.9B462Apr 17, 202513F-HRchanges · EDGAR ↗
Q4 2024$14.8B476Feb 5, 202513F-HRchanges · EDGAR ↗
Q3 2024$14.3B481Oct 30, 202413F-HRchanges · EDGAR ↗
Q2 2024$13.8B491Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$13.8B501Apr 29, 202413F-HRchanges · EDGAR ↗
Q4 2023$11.1B429Jan 29, 202413F-HRchanges · EDGAR ↗
Q3 2023$10.4B445Oct 25, 202313F-HRchanges · EDGAR ↗
Q2 2023$10.7B456Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$9.7B413Apr 26, 202313F-HRchanges · EDGAR ↗
Q4 2022$8.9B421Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$9.5B424Nov 1, 202213F-HRchanges · EDGAR ↗
Q2 2022$10.7B432Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$15.0B382May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$17.1B386Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$16.2B399Nov 3, 202113F-HRchanges · EDGAR ↗
Q2 2021$12.9B383Aug 5, 202113F-HRchanges · EDGAR ↗
Q4 2020$14.2B322Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$12.7B334Nov 4, 202013F-HRchanges · EDGAR ↗
Q2 2020$11.7B338Jul 23, 202013F-HRchanges · EDGAR ↗
Q1 2020$8.9B325May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$11.7B324Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$10.8B338Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$8.5B656Jul 25, 201913F-HRchanges · EDGAR ↗
Q1 2019$8.6B634May 6, 201913F-HRchanges · EDGAR ↗
Q4 2018$6.6B634Feb 12, 201913F-HRchanges · EDGAR ↗

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 ↗.