SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Maj Invest Holding A/S

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

Reported Value
$2.5B
Q3 2019
Positions
27
Filings on Record
32
2019–present window
Filed
Nov 6, 2019
original filing

Summary

Maj Invest Holding A/S reported $2.5B in U.S.-listed holdings across 27 positions for Q3 2019.

Its largest position, AFL, represents 8.4% of the portfolio.

Compared with Q2 2019, the fund opened 5 new positions and exited 0.

Portfolio Metrics

Turnover
+1.0%
vs prior filed quarter
Top-10 Concentration
+70.2%
share of reported value
Largest Position
+8.4%
Aflac

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% · $2.5B

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CHRWC H ROBINSON WORLDWIDE INCNEW+1.93M1.93M+$164M$164M
OCOWENS CORNING NEWNEW+1.6K1.6K+$101,000$101,000
RUNSUNRUN INCNEW+5.2K5.2K+$87,000$87,000
IAC INTERACTIVECORPNEW+290290+$63,000$63,000
TENNECO INCNEW+4.2K4.2K+$53,000$53,000
AZOAUTOZONE INCADDED+42.4K97.7K+$45M$106M
AFLAFLAC INCADDED+391.8K3.98M+$12M$208M
CNICANADIAN NATL RY COHELD+36.1K1.35M−$581,000$122M

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

Holdings — Q3 2019

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AFLAFLAC INChistory →COM8.36%$208M3.98M
2PHPARKER HANNIFIN CORPhistory →COM8.36%$208M1.15M
3LUVSOUTHWEST AIRLS COhistory →COM7.99%$199M3.68M
4GSGOLDMAN SACHS GROUP INChistory →COM7.58%$189M910.9K
5INTCINTEL CORPhistory →COM7.03%$175M3.40M
6PKGPACKAGING CORP AMERhistory →COM6.95%$173M1.63M
7CHRWC H ROBINSON WORLDWIDE INChistory →COM NEW6.57%$164M1.93M
8GMGENERAL MTRS COhistory →COM6.25%$156M4.16M
9TAT&T INChistory →COM5.57%$139M3.67M
10KSSKOHLS CORPhistory →COM5.56%$138M2.79M
11UNPUNION PACIFIC CORPhistory →COM5.53%$138M850.8K
12UNHUNITEDHEALTH GROUP INChistory →COM5.12%$128M587.3K
13ORLYO REILLY AUTOMOTIVE INC NEWhistory →COM4.99%$124M311.9K
14GNTXGENTEX CORPhistory →COM4.97%$124M4.49M
15CNICANADIAN NATL RY COhistory →COM4.88%$122M1.35M
16AZOAUTOZONE INChistory →COM4.25%$106M97.7K
17AIGAMERICAN INTL GROUP INCCOM NEW0.01%$189,0003.4K
18CVSCVS HEALTH CORPCOM0.01%$139,0002.2K
19OCOWENS CORNING NEWCOM0.00%$101,0001.6K
20UTXZUNITED TECHNOLOGIES CORPCOM0.00%$91,000670
21RUNSUNRUN INCCOM0.00%$87,0005.2K
22METAFACEBOOK INCCL A0.00%$76,000428
23GOOGLALPHABET INCCAP STK CL A0.00%$71,00058
24IAC INTERACTIVECORPCOM0.00%$63,000290
25BIIBBIOGEN INCCOM0.00%$58,000250
26TENNECO INCCL A VTG COM STK0.00%$53,0004.2K
27LBEURL BRANDS INCCOM0.00%$9,000479

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 ↗.