SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Maj Invest Holding A/S

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

Reported Value
$5.8B
Q1 2021
Positions
36
Filings on Record
32
2019–present window
Filed
Apr 26, 2021
original filing

Summary

Maj Invest Holding A/S reported $5.8B in U.S.-listed holdings across 36 positions for Q1 2021.

Its largest position, LOW, represents 8.9% of the portfolio.

Compared with Q4 2020, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+5.8%
vs prior filed quarter
Top-10 Concentration
+66.0%
share of reported value
Largest Position
+8.9%
Lowes Cos
New / Exited
3 / 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: 99.3%ADR: 0.7%
  • Common Stock · 99.3% · $5.8B
  • ADR · 0.7% · $41M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LENLENNAR CORPNEW+2.80M2.80M+$283M$283M
MRNAMODERNA INCNEW+1.4K1.4K+$184,000$184,000
SONYSONY CORPNEW+1.1K1.1K+$117,000$117,000
METAFACEBOOK INCADDED+1.12M1.12M+$330M$330M
TERTERADYNE INCADDED+8001.5K+$98,000$186,000
RHIROBERT HALF INTL INCSOLD OUT−1.75M0−$109M$0
CHRWC H ROBINSON WORLDWIDE INCSOLD OUT−102.1K0−$10M$0
IAC INTERACTIVECORP NEWSOLD OUT−1600−$30,000$0

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

Holdings — Q1 2021

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LOWLOWES COS INChistory →COM8.87%$517M2.72M
2INTCINTEL CORPhistory →COM8.74%$510M7.97M
3UNPUNION PAC CORPhistory →COM7.12%$415M1.88M
4PGRPROGRESSIVE CORPhistory →COM6.98%$407M4.26M
5AXPAMERICAN EXPRESS COhistory →COM6.23%$363M2.57M
6UNHUNITEDHEALTH GROUP INChistory →COM5.83%$340M914.3K
7METAFACEBOOK INChistory →CL A5.66%$330M1.12M
8PHPARKER-HANNIFIN CORPhistory →COM5.65%$330M1.05M
9AFLAFLAC INChistory →COM5.58%$325M6.36M
10TSCOTRACTOR SUPPLY COhistory →COM5.32%$310M1.75M
11PKGPACKAGING CORP AMERhistory →COM5.30%$309M2.30M
12LENLENNAR CORPhistory →CL A4.86%$283M2.80M
13GNTXGENTEX CORPhistory →COM4.58%$267M7.50M
14CNICANADIAN NATL RY COhistory →COM4.10%$239M2.06M
15USBUS BANCORP DELhistory →COM NEW3.39%$198M3.58M
16GMGENERAL MTRS COhistory →COM3.02%$176M3.07M
17CCLCARNIVAL CORPhistory →UNIT 99/99/99992.35%$137M5.17M
18ORLYOREILLY AUTOMOTIVE INChistory →COM2.27%$133M261.2K
19AZOAUTOZONE INChistory →COM1.83%$107M75.9K
20TAT&T INChistory →COM1.60%$93M3.08M
21PKXPOSCOhistory →SPONSORED ADR0.70%$41M565.5K
22GSGOLDMAN SACHS GROUP INCCOM0.01%$302,000925
23TERTERADYNE INCCOM0.00%$186,0001.5K
24MRNAMODERNA INCCOM0.00%$184,0001.4K
25VVISA INCCOM CL A0.00%$159,000750
26GOOGLALPHABET INCCAP STK CL A0.00%$157,00076
27AIGAMERICAN INTL GROUP INCCOM NEW0.00%$157,0003.4K
28CNCCENTENE CORP DELCOM0.00%$148,0002.3K
29OCOWENS CORNING NEWCOM0.00%$147,0001.6K
30TENNECO INCCL A VTG COM STK0.00%$142,00013.2K
31SONYSONY CORPSPONSORED ADR0.00%$117,0001.1K
32BWABORGWARNER INCCOM0.00%$70,0001.5K
33BIIBBIOGEN INCCOM0.00%$70,000250
34CVSCVS HEALTH CORPCOM0.00%$53,000700
35LBEURL BRANDS INCCOM0.00%$30,000479
36CHRWC H ROBINSON WORLDWIDE INCCOM NEW0.00%$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 ↗.