SEC 13F Intelligence

Managers / Q2 2026

Maj Invest Holding A/S

CIK 0001730525 · GAMMELTORV 18, COPENHAGEN K, 1457 · 0045 3338 7300

Reported Value
$2.2B
Q2 2026
Positions
40
Filings on Record
32
2019–present window
Filed
Jul 9, 2026
original filing

Summary

Maj Invest Holding A/S reported $2.2B in U.S.-listed holdings across 40 positions for Q2 2026.

Its largest position, QCOM, represents 8.8% of the portfolio.

Compared with Q1 2026, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+5.5%
vs prior filed quarter
Top-10 Concentration
+65.8%
share of reported value
Largest Position
+8.8%
Qualcomm

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: $2.0BQ4 ’18Q1 ’19: $2.2BQ2 ’19: $2.2BQ3 ’19: $2.5BQ4 ’19: $3.1BQ4 ’19Q1 ’20: $2.2BQ2 ’20: $2.4BQ3 ’20: $2.7BQ4 ’20: $4.7BQ4 ’20Q1 ’21: $5.8BQ2 ’21: $6.1BQ3 ’21: $5.5BQ4 ’21: $6.2BQ4 ’21Q1 ’22: $5.4BQ2 ’22: $4.4BQ3 ’22: $3.7BQ4 ’22: $3.8BQ4 ’22Q1 ’23: $3.8BQ2 ’23: $4.0BQ3 ’23: $3.7BQ4 ’23: $3.4BQ4 ’23Q1 ’24: $3.7BQ2 ’24: $3.6BQ3 ’24: $3.8BQ4 ’24: $3.0BQ4 ’24Q1 ’25: $2.8BQ2 ’25: $2.9BQ3 ’25: $2.9BQ4 ’25: $2.1BQ4 ’25Q1 ’26: $2.3BQ2 ’26: $2.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 100.0%ADR: 0.0%
  • Common Stock · 100.0% · $2.2B
  • ADR · 0.0% · $261,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2026 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BABAALIBABA GROUP HLDG LTDNEW+00+$0$0
TSMTAIWAN SEMICONDUCTOR MANUFACNEW+00+$0$0
AMATAPPLIED MATLS INCTRIMMED−241.8K176.8K−$15M$128M
MRNAMODERNA INCADDED+5001.5K+$54,000$104,000
INTCINTEL CORPTRIMMED−8501.1K+$73,000$161,000
TXNTEXAS INSTRS INCTRIMMED−275375−$14,000$112,000
VVISA INCTRIMMED−300450−$73,000$154,000
HCAHCA HEALTHCARE INCADDED+60.0K232.5K+$9M$91M

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

Holdings — Q2 2026

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QCOMQUALCOMM INChistory →COM8.82%$194M1.05M
2BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW8.30%$183M364.8K
3METAMETA PLATFORMS INChistory →CL A7.76%$171M302.9K
4HPQHP INChistory →COM7.46%$164M7.47M
5AMATAPPLIED MATLS INChistory →COM5.81%$128M176.8K
6AXPAMERICAN EXPRESS COhistory →COM5.78%$127M375.5K
7CITHE CIGNA GROUPhistory →COM5.57%$122M444.0K
8AMPAMERIPRISE FINL INChistory →COM5.49%$121M263.0K
9CSXCSX CORPhistory →COM5.46%$120M2.53M
10GOOGLALPHABET INChistory →CAP STK CL A5.36%$118M329.6K
11UPSUNITED PARCEL SVCS INChistory →CL B4.74%$104M969.5K
12LOWLOWES COS INChistory →COM4.67%$103M465.4K
13KRKROGER COhistory →COM4.50%$99M1.78M
14UNPUNION PAC CORPhistory →COM4.32%$95M349.2K
15HCAHCA HEALTHCARE INChistory →COM4.12%$91M232.5K
16ELVELEVANCE HEALTH INC FORMERLYhistory →COM4.04%$89M230.0K
17AFLAFLAC INChistory →COM2.74%$60M513.4K
18ZTSZOETIS INChistory →CL A1.95%$43M596.7K
19NEMNEWMONT CORPhistory →COM1.90%$42M447.9K
20SCISERVICE CORP INTLhistory →COM1.14%$25M331.3K
21INTCINTEL CORPCOM0.01%$161,0001.1K
22LMTLOCKHEED MARTIN CORPCOM0.01%$160,000315
23VVISA INCCOM CL A0.01%$154,000450
24USBUS BANCORPCOM NEW0.01%$151,0002.5K
25GDGENERAL DYNAMICS CORPCOM0.01%$142,000400
26UNHUNITEDHEALTH GROUP INCCOM0.01%$128,000307
27ROKROCKWELL AUTOMATION INCCOM0.01%$119,000240
28JNJJOHNSON & JOHNSONCOM0.01%$119,000470
29TXNTEXAS INSTRS INCCOM0.01%$112,000375
30MCOMOODYS CORPCOM0.01%$111,000245
31SONYSONY GROUP CORPSPONSORED ADR0.01%$110,0005.5K
32MRNAMODERNA INCCOM0.00%$104,0001.5K
33GSGOLDMAN SACHS GROUP INCCOM0.00%$101,000100
34BIDUBAIDU INCSPON ADR REP A0.00%$97,000850
35PFEPFIZER INCCOM0.00%$96,0004.0K
36NOCNORTHROP GRUMMAN CORPCOM0.00%$92,000180
37TMOTHERMO FISHER SCIENTIFIC INCCOM0.00%$80,000160
38JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR0.00%$54,0003.2K
39TSMTAIWAN SEMICONDUCTOR MANUFACSPONSORED ADS0.00%$00
40BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.00%$00

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$2.2B40Jul 9, 202613F-HRchanges · EDGAR ↗
Q1 2026$2.3B38May 1, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.1B38Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.9B42Nov 3, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.9B42Jul 30, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.8B45Apr 29, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.0B40Jan 22, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.8B39Oct 10, 202413F-HRchanges · EDGAR ↗
Q2 2024$3.6B37Jul 16, 202413F-HRchanges · EDGAR ↗
Q1 2024$3.7B36Apr 29, 202413F-HRchanges · EDGAR ↗
Q4 2023$3.4B35Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$3.7B37Nov 3, 202313F-HRchanges · EDGAR ↗
Q2 2023$4.0B38Aug 1, 202313F-HRchanges · EDGAR ↗
Q1 2023$3.8B40May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$3.8B35Jan 31, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.7B28Nov 4, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022$4.4B35Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$5.4B33Apr 21, 202213F-HRchanges · EDGAR ↗
Q4 2021$6.2B37Jan 24, 202213F-HRchanges · EDGAR ↗
Q3 2021$5.5B36Oct 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$6.1B37Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$5.8B36Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$4.7B35Jan 21, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.7B33Nov 6, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.4B34Aug 4, 202013F-HRchanges · EDGAR ↗
Q1 2020$2.2B35Apr 28, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.1B27Jan 31, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.5B27Nov 6, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.2B22Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.2B21Apr 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.0B20Feb 12, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Fondsmaeglerselskabet Maj Invest A/S028-18845

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 ↗.