SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Maj Invest Holding A/S

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

Reported Value
$5.5B
Q3 2021
Positions
36
Filings on Record
32
2019–present window
Filed
Oct 15, 2021
original filing

Summary

Maj Invest Holding A/S reported $5.5B in U.S.-listed holdings across 36 positions for Q3 2021.

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

Compared with Q2 2021, the fund opened 4 new positions and exited 5.

Portfolio Metrics

Turnover
+9.1%
vs prior filed quarter
Top-10 Concentration
+69.3%
share of reported value
Largest Position
+8.6%
Lowes Cos
New / Exited
4 / 5
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: 100.0%ADR: 0.0%
  • Common Stock · 100.0% · $5.5B
  • ADR · 0.0% · $269,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LAM RESEARCH CORPNEW+617.0K617.0K+$351M$351M
PPLIIAC INTERACTIVECORP NEWNEW+1.4K1.4K+$182,000$182,000
BBWIBATH & BODY WORKS INCNEW+479479+$30,000$30,000
VSXYVICTORIAS SECRET AND CONEW+159159+$9,000$9,000
ORLYOREILLY AUTOMOTIVE INCSOLD OUT−258.7K0−$146M$0
TAT&T INCSOLD OUT−3.16M0−$91M$0
PKXPOSCOSOLD OUT−549.3K0−$42M$0
AIGAMERICAN INTL GROUP INCSOLD OUT−3.0K0−$145,000$0

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

Holdings — Q3 2021

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LOWLOWES COS INChistory →COM8.58%$469M2.31M
2INTCINTEL CORPhistory →COM7.97%$436M8.19M
3METAFACEBOOK INChistory →CL A7.16%$391M1.15M
4EBAYEBAY INC.history →COM7.07%$387M5.55M
5PHPARKER-HANNIFIN CORPhistory →COM7.03%$385M1.38M
6UNHUNITEDHEALTH GROUP INChistory →COM6.63%$363M928.8K
7UNPUNION PAC CORPhistory →COM6.49%$355M1.81M
8LAM RESEARCH CORPCOM6.42%$351M617.0K
9PGRPROGRESSIVE CORPhistory →COM6.02%$329M3.64M
10LENLENNAR CORPhistory →CL A5.92%$324M3.46M
11PKGPACKAGING CORP AMERhistory →COM5.78%$316M2.30M
12AXPAMERICAN EXPRESS COhistory →COM5.40%$295M1.76M
13GNTXGENTEX CORPhistory →COM4.58%$250M7.59M
14AFLAFLAC INChistory →COM4.22%$231M4.42M
15TSCOTRACTOR SUPPLY COhistory →COM3.75%$205M1.01M
16CCLCARNIVAL CORPhistory →UNIT 99/99/99992.52%$138M5.51M
17CNICANADIAN NATL RY COhistory →COM2.52%$138M1.19M
18SCISERVICE CORP INTLhistory →COM1.88%$103M1.70M
19MRNAMODERNA INCCOM0.01%$381,000990
20USBUS BANCORP DELCOM NEW0.00%$220,0003.7K
21GSGOLDMAN SACHS GROUP INCCOM0.00%$189,000500
22PPLIIAC INTERACTIVECORP NEWCOM NEW0.00%$182,0001.4K
23TENNECO INCCL A VTG COM STK0.00%$171,00012.0K
24TERTERADYNE INCCOM0.00%$167,0001.5K
25VVISA INCCOM CL A0.00%$167,000750
26JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR0.00%$147,0003.2K
27CNCCENTENE CORP DELCOM0.00%$144,0002.3K
28OCOWENS CORNING NEWCOM0.00%$137,0001.6K
29SONYSONY GROUP CORPORATIONSPONSORED ADR0.00%$122,0001.1K
30GOOGLALPHABET INCCAP STK CL A0.00%$110,00041
31BIIBBIOGEN INCCOM0.00%$71,000250
32BWABORGWARNER INCCOM0.00%$65,0001.5K
33CVSCVS HEALTH CORPCOM0.00%$59,000700
34GMGENERAL MTRS COCOM0.00%$47,000900
35BBWIBATH & BODY WORKS INCCOM0.00%$30,000479
36VSXYVICTORIAS SECRET AND COCOMMON STOCK0.00%$9,000159

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 ↗.