SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Maj Invest Holding A/S

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

Reported Value
$2.2B
Q1 2019
Positions
21
Filings on Record
32
2019–present window
Filed
Apr 9, 2019
original filing

Summary

Maj Invest Holding A/S reported $2.2B in U.S.-listed holdings across 21 positions for Q1 2019.

Its largest position, LUV, represents 8.9% of the portfolio.

Compared with Q4 2018, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+6.7%
vs prior filed quarter
Top-10 Concentration
+74.5%
share of reported value
Largest Position
+8.9%
Southwest Airls

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: 94.5%Other: 5.5%
  • Common Stock · 94.5% · $2.1B
  • Other · 5.5% · $121M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KSSKOHLS CORPNEW+1.63M1.63M+$112M$112M
PKGPACKAGING CORP AMERADDED+369.9K1.68M+$58M$167M
TAT&T INCTRIMMED−1.27M3.76M−$26M$118M
CIGNA CORPORATIONTRIMMED−208.7K752.0K−$62M$121M
LUVSOUTHWEST AIRLS COADDED+581.0K3.79M+$48M$197M
GMGENERAL MTRS COTRIMMED−700.3K4.51M−$7M$167M
AFLAFLAC INCTRIMMED−423.6K3.11M−$5M$156M
ORLYO REILLY AUTOMOTIVE INC NEWTRIMMED−55.6K421.7K−$599,000$164M

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

Holdings — Q1 2019

21 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LUVSOUTHWEST AIRLS COhistory →COM8.88%$197M3.79M
2INTCINTEL CORPhistory →COM8.45%$187M3.49M
3UNPUNION PAC CORPhistory →COM8.19%$182M1.09M
4GSGOLDMAN SACHS GROUP INChistory →COM7.76%$172M896.3K
5GMGENERAL MTRS COhistory →COM7.55%$167M4.51M
6PKGPACKAGING CORP AMERhistory →COM7.51%$167M1.68M
7ORLYO REILLY AUTOMOTIVE INC NEWhistory →COM7.38%$164M421.7K
8AFLAFLAC INChistory →COM7.02%$156M3.11M
9UNHUNITEDHEALTH GROUP INChistory →COM6.01%$133M539.2K
10CNICANADIAN NATL RY COhistory →COM5.77%$128M1.43M
11CVSCVS HEALTH CORPhistory →COM5.73%$127M2.36M
12CIGNA CORPORATIONCOM5.45%$121M752.0K
13TAT&T INChistory →COM5.32%$118M3.76M
14KSSKOHLS CORPhistory →COM5.05%$112M1.63M
15GNTXGENTEX CORPhistory →COM3.92%$87M4.21M
16AIGAMERICAN INTL GROUP INCCOM NEW0.01%$211,0004.9K
17UTXZUNITED TECHNOLOGIES CORPCOM0.00%$86,000670
18METAFACEBOOK INCCL A0.00%$71,000428
19GOOGLALPHABET INCCAP STK CL A0.00%$68,00058
20BIIBBIOGEN INCCOM0.00%$59,000250
21LBEURL BRANDS INCCOM0.00%$13,000479

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 ↗.