SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Maj Invest Holding A/S

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

Reported Value
$2.4B
Q2 2020
Positions
34
Filings on Record
32
2019–present window
Filed
Aug 4, 2020
original filing

Summary

Maj Invest Holding A/S reported $2.4B in U.S.-listed holdings across 34 positions for Q2 2020.

Its largest position, INTC, represents 8.6% of the portfolio.

Compared with Q1 2020, the fund opened 1 new position and exited 3.

Portfolio Metrics

Turnover
+11.2%
vs prior filed quarter
Top-10 Concentration
+67.2%
share of reported value
Largest Position
+8.6%
Intel
New / Exited
1 / 3
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: 98.7%ADR: 1.3%
  • Common Stock · 98.7% · $2.4B
  • ADR · 1.3% · $31M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PKXPOSCONEW+828.2K828.2K+$31M$31M
PGRPROGRESSIVE CORP OHIOADDED+1.13M1.95M+$95M$157M
LUVSOUTHWEST AIRLS COSOLD OUT−2.00M0−$71M$0
NKENIKE INCSOLD OUT−1.1K0−$91,000$0
UTXZUNITED TECHNOLOGIES CORPSOLD OUT−6700−$63,000$0
KSSKOHLS CORPTRIMMED−33.8K1.8K−$481,000$37,000
CHRWC H ROBINSON WORLDWIDE INCTRIMMED−1.16M103.3K−$76M$8M
IAC INTERACTIVECORPTRIMMED−530160−$72,000$52,000

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

Holdings — Q2 2020

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1INTCINTEL CORPhistory →COM8.64%$208M3.47M
2AFLAFLAC INChistory →COM8.43%$203M5.62M
3UNPUNION PAC CORPhistory →COM7.34%$176M1.04M
4PHPARKER HANNIFIN CORPhistory →COM6.61%$159M866.9K
5AZOAUTOZONE INChistory →COM6.60%$158M140.5K
6PGRPROGRESSIVE CORP OHIOhistory →COM6.52%$157M1.95M
7AXPAMERICAN EXPRESS COhistory →COM6.39%$153M1.61M
8UNHUNITEDHEALTH GROUP INChistory →COM6.25%$150M508.7K
9GNTXGENTEX CORPhistory →COM5.29%$127M4.93M
10USBUS BANCORP DELhistory →COM NEW5.10%$123M3.33M
11PKGPACKAGING CORP AMERhistory →COM5.10%$122M1.23M
12LOWLOWES COS INChistory →COM4.70%$113M836.1K
13CNICANADIAN NATL RY COhistory →COM4.12%$99M1.12M
14GSGOLDMAN SACHS GROUP INChistory →COM3.82%$92M464.7K
15GMGENERAL MTRS COhistory →COM3.53%$85M3.36M
16RHIROBERT HALF INTL INChistory →COM2.24%$54M1.02M
17TAT&T INChistory →COM2.14%$52M1.70M
18CCLCARNIVAL CORPhistory →UNIT 99/99/99992.09%$50M3.06M
19ORLYOREILLY AUTOMOTIVE INChistory →COM1.85%$45M105.7K
20TSCOTRACTOR SUPPLY COhistory →COM1.56%$37M283.7K
21PKXPOSCOhistory →SPONSORED ADR1.28%$31M828.2K
22CHRWC H ROBINSON WORLDWIDE INCCOM NEW0.34%$8M103.3K
23GOOGLALPHABET INCCAP STK CL A0.00%$108,00076
24AIGAMERICAN INTL GROUP INCCOM NEW0.00%$106,0003.4K
25RUNSUNRUN INCCOM0.00%$103,0005.2K
26METAFACEBOOK INCCL A0.00%$97,000428
27OCOWENS CORNING NEWCOM0.00%$89,0001.6K
28TENNECO INCCL A VTG COM STK0.00%$70,0009.2K
29BIIBBIOGEN INCCOM0.00%$67,000250
30IAC INTERACTIVECORPCOM0.00%$52,000160
31CVSCVS HEALTH CORPCOM0.00%$45,000700
32KSSKOHLS CORPCOM0.00%$37,0001.8K
33LBEURL BRANDS INCCOM0.00%$7,000479
34NKENIKE INCCL B0.00%$00

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 ↗.