SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Maj Invest Holding A/S

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

Reported Value
$2.7B
Q3 2020
Positions
33
Filings on Record
32
2019–present window
Filed
Nov 6, 2020
original filing

Summary

Maj Invest Holding A/S reported $2.7B in U.S.-listed holdings across 33 positions for Q3 2020.

Its largest position, INTC, represents 9.5% of the portfolio.

Compared with Q2 2020, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+7.1%
vs prior filed quarter
Top-10 Concentration
+71.5%
share of reported value
Largest Position
+9.5%
Intel
New / Exited
3 / 2
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: 98.9%ADR: 1.1%Other: 0.0%
  • Common Stock · 98.9% · $2.7B
  • ADR · 1.1% · $30M
  • Other · 0.0% · $19,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MATCH GROUP INCNEW+345345+$38,000$38,000
IAC INTERACTIVECORP NEWNEW+160160+$19,000$19,000
NKENIKE INCNEW+00+$0$0
RUNSUNRUN INCSOLD OUT−5.2K0−$103,000$0
IAC INTERACTIVECORPSOLD OUT−1600−$52,000$0
AZOAUTOZONE INCTRIMMED−88.2K52.3K−$97M$62M
GSGOLDMAN SACHS GROUP INCTRIMMED−266.2K198.5K−$52M$40M
ORLYOREILLY AUTOMOTIVE INCADDED+58.1K163.8K+$31M$76M

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

Holdings — Q3 2020

33 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1INTCINTEL CORPhistory →COM9.50%$256M4.94M
2PGRPROGRESSIVE CORPhistory →COM9.39%$253M2.67M
3UNPUNION PAC CORPhistory →COM8.51%$230M1.17M
4PKGPACKAGING CORP AMERhistory →COM7.54%$203M1.86M
5AFLAFLAC INChistory →COM6.88%$186M5.11M
6AXPAMERICAN EXPRESS COhistory →COM6.70%$181M1.80M
7UNHUNITEDHEALTH GROUP INChistory →COM6.59%$178M570.3K
8LOWLOWES COS INChistory →COM5.75%$155M934.7K
9PHPARKER-HANNIFIN CORPhistory →COM5.70%$154M759.1K
10CNICANADIAN NATL RY COhistory →COM4.97%$134M1.26M
11USBUS BANCORP DELhistory →COM NEW4.97%$134M3.74M
12GNTXGENTEX CORPhistory →COM4.50%$121M4.71M
13GMGENERAL MTRS COhistory →COM3.05%$82M2.78M
14ORLYOREILLY AUTOMOTIVE INChistory →COM2.80%$76M163.8K
15AZOAUTOZONE INChistory →COM2.28%$62M52.3K
16RHIROBERT HALF INTL INChistory →COM2.24%$60M1.14M
17TAT&T INChistory →COM2.03%$55M1.92M
18CCLCARNIVAL CORPhistory →UNIT 99/99/99991.92%$52M3.42M
19TSCOTRACTOR SUPPLY COhistory →COM1.68%$45M316.0K
20GSGOLDMAN SACHS GROUP INChistory →COM1.48%$40M198.5K
21PKXPOSCOhistory →SPONSORED ADR1.11%$30M715.6K
22CHRWC H ROBINSON WORLDWIDE INChistory →COM NEW0.39%$10M102.1K
23METAFACEBOOK INCCL A0.00%$112,000428
24GOOGLALPHABET INCCAP STK CL A0.00%$111,00076
25OCOWENS CORNING NEWCOM0.00%$110,0001.6K
26AIGAMERICAN INTL GROUP INCCOM NEW0.00%$94,0003.4K
27BIIBBIOGEN INCCOM0.00%$71,000250
28TENNECO INCCL A VTG COM STK0.00%$64,0009.2K
29CVSCVS HEALTH CORPCOM0.00%$41,000700
30MATCH GROUP INCCOM0.00%$38,000345
31KSSKOHLS CORPCOM0.00%$33,0001.8K
32IAC INTERACTIVECORP NEWCOM0.00%$19,000160
33LBEURL BRANDS INCCOM0.00%$15,000479

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 ↗.