SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Maj Invest Holding A/S

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

Reported Value
$3.8B
Q4 2022
Positions
35
Filings on Record
32
2019–present window
Filed
Jan 31, 2023
original filing

Summary

Maj Invest Holding A/S reported $3.8B in U.S.-listed holdings across 35 positions for Q4 2022.

Its largest position, LOW, represents 6.8% of the portfolio.

Compared with Q3 2022, the fund opened 9 new positions and exited 2.

Portfolio Metrics

Turnover
+14.5%
vs prior filed quarter
Top-10 Concentration
+61.3%
share of reported value
Largest Position
+6.8%
Lowes Cos
New / Exited
9 / 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: 100.0%ADR: 0.0%
  • Common Stock · 100.0% · $3.8B
  • ADR · 0.0% · $215,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CSXCSX CORPNEW+7.80M7.80M+$242M$242M
HPQHP INCNEW+6.55M6.55M+$176M$176M
OCOWENS CORNING NEWNEW+1.6K1.6K+$136,000$136,000
JKSJINKOSOLAR HLDG CO LTDNEW+3.2K3.2K+$131,000$131,000
UNHUNITEDHEALTH GROUP INCNEW+222222+$118,000$118,000
SONYSONY GROUP CORPORATIONNEW+1.1K1.1K+$84,000$84,000
BWABORGWARNER INCNEW+1.5K1.5K+$61,000$61,000
BBWIBATH & BODY WORKS INCNEW+479479+$20,000$20,000

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

Holdings — Q4 2022

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LOWLOWES COS INChistory →COM6.76%$256M1.28M
2UNPUNION PAC CORPhistory →COM6.67%$252M1.22M
3AXPAMERICAN EXPRESS COhistory →COM6.64%$251M1.70M
4EBAYEBAY INC.history →COM6.51%$246M5.94M
5CSXCSX CORPhistory →COM6.40%$242M7.80M
6METAMETA PLATFORMS INChistory →CL A6.25%$236M1.96M
7GSGOLDMAN SACHS GROUP INChistory →COM5.80%$219M638.5K
8PKGPACKAGING CORP AMERhistory →COM5.69%$215M1.68M
9GOOGLALPHABET INChistory →CAP STK CL A5.45%$206M2.34M
10ABXBARRICK GOLD CORPhistory →COM5.11%$193M11.24M
11HPQHP INChistory →COM4.65%$176M6.55M
12KLACKLA CORPhistory →COM NEW4.40%$166M441.0K
13AFLAFLAC INChistory →COM4.31%$163M2.27M
14MUMICRON TECHNOLOGY INChistory →COM4.29%$162M3.25M
15INTCINTEL CORPhistory →COM3.84%$145M5.50M
16GNTXGENTEX CORPhistory →COM3.44%$130M4.77M
17LENLENNAR CORPhistory →CL A3.33%$126M1.39M
18TSCOTRACTOR SUPPLY COhistory →COM2.97%$112M499.3K
19ACTIVISION BLIZZARD INCCOM2.80%$106M1.38M
20SCISERVICE CORP INTLhistory →COM2.36%$89M1.29M
21TERTERADYNE INChistory →COM1.31%$49M565.9K
22NEMNEWMONT CORPhistory →COM0.97%$37M779.7K
23MRNAMODERNA INCCOM0.00%$177,000990
24VVISA INCCOM CL A0.00%$155,000750
25OCOWENS CORNING NEWCOM0.00%$136,0001.6K
26JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR0.00%$131,0003.2K
27UNHUNITEDHEALTH GROUP INCCOM0.00%$118,000222
28SONYSONY GROUP CORPORATIONSPONSORED ADR0.00%$84,0001.1K
29PGRPROGRESSIVE CORPCOM0.00%$78,000600
30PPLIIAC INCCOM NEW0.00%$62,0001.4K
31BWABORGWARNER INCCOM0.00%$61,0001.5K
32CVSCVS HEALTH CORPCOM0.00%$50,000540
33GMGENERAL MTRS COCOM0.00%$30,000900
34BBWIBATH & BODY WORKS INCCOM0.00%$20,000479
35VSXYVICTORIAS SECRET AND COCOMMON STOCK0.00%$6,000159

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 ↗.