SEC 13F Intelligence

Managers / Q4 2018 · view latest →

Maj Invest Holding A/S

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

Reported Value
$2.0B
Q4 2018
Positions
20
Filings on Record
32
2019–present window
Filed
Feb 12, 2019
original filing

Summary

Maj Invest Holding A/S reported $2.0B in U.S.-listed holdings across 20 positions for Q4 2018.

Its largest position, Cigna Corporation, represents 9.0% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+78.8%
share of reported value
Largest Position
+9.0%
Cigna Corporation

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: 91.0%Other: 9.0%
  • Common Stock · 91.0% · $1.8B
  • Other · 9.0% · $182M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
CIGNA CORPORATIONNEW+960.8K960.8K+$182M$182M
GMGENERAL MTRS CONEW+5.21M5.21M+$174M$174M
CVSCVS HEALTH CORPNEW+2.54M2.54M+$166M$166M
INTCINTEL CORPNEW+3.53M3.53M+$166M$166M
ORLYO REILLY AUTOMOTIVE INC NEWNEW+477.3K477.3K+$164M$164M
AFLAFLAC INCNEW+3.54M3.54M+$161M$161M
UNPUNION PAC CORPNEW+1.10M1.10M+$152M$152M
LUVSOUTHWEST AIRLS CONEW+3.21M3.21M+$149M$149M

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

Holdings — Q4 2018

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CIGNA CORPORATIONCOM9.02%$182M960.8K
2GMGENERAL MTRS COhistory →COM8.62%$174M5.21M
3CVSCVS HEALTH CORPhistory →COM8.21%$166M2.54M
4INTCINTEL CORPhistory →COM8.19%$166M3.53M
5ORLYO REILLY AUTOMOTIVE INC NEWhistory →COM8.12%$164M477.3K
6AFLAFLAC INChistory →COM7.96%$161M3.54M
7UNPUNION PAC CORPhistory →COM7.51%$152M1.10M
8LUVSOUTHWEST AIRLS COhistory →COM7.38%$149M3.21M
9TAT&T INChistory →COM7.10%$144M5.04M
10UNHUNITEDHEALTH GROUP INChistory →COM6.70%$136M544.5K
11GSGOLDMAN SACHS GROUP INChistory →COM6.67%$135M808.6K
12PKGPACKAGING CORP AMERhistory →COM5.39%$109M1.31M
13CNICANADIAN NATL RY COhistory →COM5.29%$107M1.45M
14GNTXGENTEX CORPhistory →COM3.80%$77M3.81M
15AIGAMERICAN INTL GROUP INCCOM NEW0.01%$193,0004.9K
16BIIBBIOGEN INCCOM0.00%$75,000250
17UTXZUNITED TECHNOLOGIES CORPCOM0.00%$71,000670
18GOOGLALPHABET INCCAP STK CL A0.00%$61,00058
19METAFACEBOOK INCCL A0.00%$56,000428
20LBEURL BRANDS INCCOM0.00%$12,000479

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 ↗.