SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Maj Invest Holding A/S

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

Reported Value
$2.2B
Q2 2019
Positions
22
Filings on Record
32
2019–present window
Filed
Aug 7, 2019
original filing

Summary

Maj Invest Holding A/S reported $2.2B in U.S.-listed holdings across 22 positions for Q2 2019.

Its largest position, AFL, represents 9.0% of the portfolio.

Compared with Q1 2019, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+16.6%
vs prior filed quarter
Top-10 Concentration
+75.7%
share of reported value
Largest Position
+9.0%
Aflac
New / Exited
2 / 1
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: $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%
  • Common Stock · 100.0% · $2.2B

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PHPARKER HANNIFIN CORPNEW+1.15M1.15M+$195M$195M
AZOAUTOZONE INCNEW+55.4K55.4K+$61M$61M
CIGNA CORPORATIONSOLD OUT−752.0K0−$121M$0
CVSCVS HEALTH CORPTRIMMED−2.35M2.2K−$127M$119,000
KSSKOHLS CORPADDED+1.14M2.77M+$19M$132M
AIGAMERICAN INTL GROUP INCTRIMMED−1.5K3.4K−$29,000$182,000
ORLYO REILLY AUTOMOTIVE INC NEWTRIMMED−112.4K309.3K−$50M$114M
UNPUNION PACIFIC CORPTRIMMED−243.3K843.7K−$39M$143M

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

Holdings — Q2 2019

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AFLAFLAC INChistory →COM9.02%$197M3.59M
2PHPARKER HANNIFIN CORPhistory →COM8.92%$195M1.15M
3LUVSOUTHWEST AIRLS COhistory →COM8.52%$186M3.66M
4GSGOLDMAN SACHS GROUP INChistory →COM8.47%$185M904.1K
5INTCINTEL CORPhistory →COM7.39%$161M3.37M
6GMGENERAL MTRS COhistory →COM7.27%$159M4.12M
7PKGPACKAGING CORP AMERhistory →COM7.07%$154M1.62M
8UNPUNION PACIFIC CORPhistory →COM6.54%$143M843.7K
9UNHUNITEDHEALTH GROUP INChistory →COM6.51%$142M582.5K
10KSSKOHLS CORPhistory →COM6.02%$132M2.77M
11CNICANADIAN NATL RY COhistory →COM5.60%$122M1.32M
12TAT&T INChistory →COM5.58%$122M3.64M
13ORLYO REILLY AUTOMOTIVE INC NEWhistory →COM5.23%$114M309.3K
14GNTXGENTEX CORPhistory →COM5.03%$110M4.46M
15AZOAUTOZONE INChistory →COM2.79%$61M55.4K
16AIGAMERICAN INTL GROUP INCCOM NEW0.01%$182,0003.4K
17CVSCVS HEALTH CORPCOM0.01%$119,0002.2K
18UTXZUNITED TECHNOLOGIES CORPCOM0.00%$87,000670
19METAFACEBOOK INCCL A0.00%$83,000428
20GOOGLALPHABET INCCAP STK CL A0.00%$63,00058
21BIIBBIOGEN INCCOM0.00%$58,000250
22LBEURL 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 ↗.