SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Maj Invest Holding A/S

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

Reported Value
$6.2B
Q4 2021
Positions
37
Filings on Record
32
2019–present window
Filed
Jan 24, 2022
original filing

Summary

Maj Invest Holding A/S reported $6.2B in U.S.-listed holdings across 37 positions for Q4 2021.

Its largest position, LOW, represents 9.4% of the portfolio.

Compared with Q3 2021, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+7.1%
vs prior filed quarter
Top-10 Concentration
+71.1%
share of reported value
Largest Position
+9.4%
Lowes Cos
New / Exited
2 / 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: 98.2%ADR: 1.8%
  • Common Stock · 98.2% · $6.0B
  • ADR · 1.8% · $114M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KLACKLA CORPNEW+562.2K562.2K+$242M$242M
BABAALIBABA GROUP HLDG LTDNEW+954.3K954.3K+$113M$113M
USBUS BANCORP DELSOLD OUT−3.7K0−$220,000$0
CCLCARNIVAL CORPTRIMMED−4.89M627.2K−$125M$13M
CNICANADIAN NATL RY COTRIMMED−725.7K464.6K−$81M$57M
METAMETA PLATFORMS INCADDED+515.3K1.67M+$170M$561M
AXPAMERICAN EXPRESS COTRIMMED−577.2K1.19M−$101M$194M
TERTERADYNE INCTRIMMED−2401.3K+$44,000$211,000

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

Holdings — Q4 2021

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LOWLOWES COS INChistory →OM9.37%$577M2.23M
2METAMETA PLATFORMS INChistory →L A9.12%$561M1.67M
3LAM RESEARCH CORPOM7.38%$454M631.9K
4UNHUNITEDHEALTH GROUP INChistory →OM7.31%$450M896.1K
5UNPUNION PAC CORPhistory →OM7.11%$438M1.74M
6PHPARKER-HANNIFIN CORPhistory →OM6.86%$422M1.33M
7INTCINTEL CORPhistory →OM6.69%$412M8.00M
8LENLENNAR CORPhistory →L A6.30%$388M3.34M
9PGRPROGRESSIVE CORPhistory →OM5.85%$360M3.51M
10EBAYEBAY INC.history →OM5.16%$318M4.78M
11PKGPACKAGING CORP AMERhistory →OM4.91%$302M2.22M
12GNTXGENTEX CORPhistory →OM4.14%$255M7.32M
13AFLAFLAC INChistory →OM4.04%$249M4.26M
14KLACKLA CORPhistory →OM NEW3.93%$242M562.2K
15TSCOTRACTOR SUPPLY COhistory →OM3.78%$233M975.7K
16AXPAMERICAN EXPRESS COhistory →OM3.15%$194M1.19M
17SCISERVICE CORP INTLhistory →OM1.89%$116M1.64M
18BABAALIBABA GROUP HLDG LTDhistory →PONSORED ADS1.84%$113M954.3K
19CNICANADIAN NATL RY COhistory →OM0.93%$57M464.6K
20CCLCARNIVAL CORPhistory →OMMON STOCK0.20%$13M627.2K
21MRNAMODERNA INCOM0.00%$252,000990
22TERTERADYNE INCOM0.00%$211,0001.3K
23GSGOLDMAN SACHS GROUP INCOM0.00%$191,000500
24CNCCENTENE CORP DELOM0.00%$191,0002.3K
25PPLIIAC INTERACTIVECORP NEWOM NEW0.00%$183,0001.4K
26VVISA INCOM CL A0.00%$163,000750
27JKSJINKOSOLAR HLDG CO LTDPONSORED ADR0.00%$147,0003.2K
28OCOWENS CORNING NEWOM0.00%$145,0001.6K
29SONYSONY GROUP CORPORATIONPONSORED ADR0.00%$139,0001.1K
30TENNECO INCL A VTG COM STK0.00%$136,00012.0K
31GOOGLALPHABET INCAP STK CL A0.00%$119,00041
32CVSCVS HEALTH CORPOM0.00%$72,000700
33BWABORGWARNER INCOM0.00%$68,0001.5K
34BIIBBIOGEN INCOM0.00%$60,000250
35GMGENERAL MTRS COOM0.00%$53,000900
36BBWIBATH & BODY WORKS INCOM0.00%$33,000479
37VSXYVICTORIAS SECRET AND COOMMON 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 ↗.