SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Maj Invest Holding A/S

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

Reported Value
$6.1B
Q2 2021
Positions
37
Filings on Record
32
2019–present window
Filed
Aug 9, 2021
original filing

Summary

Maj Invest Holding A/S reported $6.1B in U.S.-listed holdings across 37 positions for Q2 2021.

Its largest position, LOW, represents 8.8% of the portfolio.

Compared with Q1 2021, the fund opened 4 new positions and exited 1.

Portfolio Metrics

Turnover
+9.0%
vs prior filed quarter
Top-10 Concentration
+65.1%
share of reported value
Largest Position
+8.8%
Lowes Cos
New / Exited
4 / 1
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% · $6.0B
  • ADR · 0.7% · $42M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EBAYEBAY INC.NEW+5.11M5.11M+$359M$359M
SCISERVICE CORP INTLNEW+1.70M1.70M+$91M$91M
JKSJINKOSOLAR HLDG CO LTDNEW+3.2K3.2K+$179,000$179,000
CHRWC H ROBINSON WORLDWIDE INCNEW+00+$0$0
AZOAUTOZONE INCSOLD OUT−75.9K0−$107M$0
GMGENERAL MTRS COTRIMMED−1.33M1.74M−$73M$103M
USBUS BANCORP DELTRIMMED−1.49M2.09M−$79M$119M
LENLENNAR CORPADDED+1.08M3.88M+$102M$385M

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

Holdings — Q2 2021

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LOWLOWES COS INChistory →COM8.78%$535M2.76M
2AXPAMERICAN EXPRESS COhistory →COM7.16%$437M2.64M
3INTCINTEL CORPhistory →COM6.82%$415M7.40M
4METAFACEBOOK INChistory →CL A6.45%$393M1.13M
5LENLENNAR CORPhistory →CL A6.32%$385M3.88M
6PGRPROGRESSIVE CORPhistory →COM6.24%$380M3.87M
7UNHUNITEDHEALTH GROUP INChistory →COM6.09%$371M926.4K
8EBAYEBAY INC.history →COM5.89%$359M5.11M
9UNPUNION PAC CORPhistory →COM5.69%$346M1.58M
10AFLAFLAC INChistory →COM5.65%$344M6.42M
11TSCOTRACTOR SUPPLY COhistory →COM5.42%$330M1.77M
12PHPARKER-HANNIFIN CORPhistory →COM5.34%$325M1.06M
13PKGPACKAGING CORP AMERhistory →COM5.13%$312M2.31M
14GNTXGENTEX CORPhistory →COM4.09%$249M7.54M
15CNICANADIAN NATL RY COhistory →COM3.61%$220M2.08M
16ORLYOREILLY AUTOMOTIVE INChistory →COM2.40%$146M258.7K
17USBUS BANCORP DELhistory →COM NEW1.95%$119M2.09M
18GMGENERAL MTRS COhistory →COM1.69%$103M1.74M
19CCLCARNIVAL CORPhistory →UNIT 99/99/99991.57%$95M3.62M
20SCISERVICE CORP INTLhistory →COM1.49%$91M1.70M
21TAT&T INChistory →COM1.49%$91M3.16M
22PKXPOSCOhistory →SPONSORED ADR0.69%$42M549.3K
23MRNAMODERNA INCCOM0.01%$329,0001.4K
24GSGOLDMAN SACHS GROUP INCCOM0.00%$285,000750
25TENNECO INCCL A VTG COM STK0.00%$231,00012.0K
26TERTERADYNE INCCOM0.00%$205,0001.5K
27GOOGLALPHABET INCCAP STK CL A0.00%$186,00076
28JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR0.00%$179,0003.2K
29VVISA INCCOM CL A0.00%$175,000750
30CNCCENTENE CORP DELCOM0.00%$169,0002.3K
31OCOWENS CORNING NEWCOM0.00%$157,0001.6K
32AIGAMERICAN INTL GROUP INCCOM NEW0.00%$145,0003.0K
33SONYSONY GROUP CORPORATIONSPONSORED ADR0.00%$107,0001.1K
34BIIBBIOGEN INCCOM0.00%$87,000250
35BWABORGWARNER INCCOM0.00%$73,0001.5K
36CVSCVS HEALTH CORPCOM0.00%$58,000700
37LBEURL BRANDS INCCOM0.00%$35,000479

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 ↗.