SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Maj Invest Holding A/S

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

Reported Value
$3.1B
Q4 2019
Positions
27
Filings on Record
32
2019–present window
Filed
Jan 31, 2020
original filing

Summary

Maj Invest Holding A/S reported $3.1B in U.S.-listed holdings across 27 positions for Q4 2019.

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

The book was largely unchanged from Q3 2019.

Portfolio Metrics

Turnover
+0.0%
vs prior filed quarter
Top-10 Concentration
+69.9%
share of reported value
Largest Position
+8.4%
Parker Hannifin

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% · $3.1B

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TENNECO INCADDED+5.0K9.2K+$67,000$120,000
IAC INTERACTIVECORPADDED+290580+$81,000$144,000
AZOAUTOZONE INCADDED+63.9K161.7K+$87M$193M
CHRWC H ROBINSON WORLDWIDE INCADDED+508.0K2.44M+$27M$191M
TAT&T INCADDED+931.5K4.60M+$41M$180M
UNPUNION PACIFIC CORPADDED+206.0K1.06M+$53M$191M
UNHUNITEDHEALTH GROUP INCADDED+135.0K722.3K+$85M$212M
AFLAFLAC INCADDED+810.1K4.79M+$45M$254M

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

Holdings — Q4 2019

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PHPARKER HANNIFIN CORPhistory →COM8.45%$265M1.29M
2AFLAFLAC INChistory →COM8.09%$254M4.79M
3GSGOLDMAN SACHS GROUP INChistory →COM7.46%$234M1.02M
4INTCINTEL CORPhistory →COM7.23%$227M3.79M
5LUVSOUTHWEST AIRLS COhistory →COM7.08%$222M4.11M
6UNHUNITEDHEALTH GROUP INChistory →COM6.77%$212M722.3K
7PKGPACKAGING CORP AMERhistory →COM6.50%$204M1.82M
8AZOAUTOZONE INChistory →COM6.14%$193M161.7K
9UNPUNION PACIFIC CORPhistory →COM6.09%$191M1.06M
10CHRWC H ROBINSON WORLDWIDE INChistory →COM NEW6.08%$191M2.44M
11TAT&T INChistory →COM5.73%$180M4.60M
12GMGENERAL MTRS COhistory →COM5.41%$170M4.64M
13KSSKOHLS CORPhistory →COM5.05%$158M3.11M
14ORLYO REILLY AUTOMOTIVE INC NEWhistory →COM4.85%$152M347.4K
15GNTXGENTEX CORPhistory →COM4.63%$145M5.01M
16CNICANADIAN NATL RY COhistory →COM4.40%$138M1.52M
17AIGAMERICAN INTL GROUP INCCOM NEW0.01%$175,0003.4K
18CVSCVS HEALTH CORPCOM0.01%$163,0002.2K
19IAC INTERACTIVECORPCOM0.00%$144,000580
20TENNECO INCCL A VTG COM STK0.00%$120,0009.2K
21OCOWENS CORNING NEWCOM0.00%$104,0001.6K
22UTXZUNITED TECHNOLOGIES CORPCOM0.00%$100,000670
23METAFACEBOOK INCCL A0.00%$88,000428
24GOOGLALPHABET INCCAP STK CL A0.00%$78,00058
25BIIBBIOGEN INCCOM0.00%$74,000250
26RUNSUNRUN INCCOM0.00%$72,0005.2K
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 ↗.