SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Maj Invest Holding A/S

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

Reported Value
$3.8B
Q1 2023
Positions
40
Filings on Record
32
2019–present window
Filed
May 3, 2023
original filing

Summary

Maj Invest Holding A/S reported $3.8B in U.S.-listed holdings across 40 positions for Q1 2023.

Its largest position, META, represents 8.2% of the portfolio.

Compared with Q4 2022, the fund opened 5 new positions and exited 0.

Portfolio Metrics

Turnover
+8.2%
vs prior filed quarter
Top-10 Concentration
+61.1%
share of reported value
Largest Position
+8.2%
Meta Platforms

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% · $391,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CITHE CIGNA GROUPNEW+842.2K842.2K+$215M$215M
BIDUBAIDU INCNEW+850850+$128,000$128,000
TXNTEXAS INSTRS INCNEW+650650+$121,000$121,000
ROKROCKWELL AUTOMATION INCNEW+400400+$117,000$117,000
USBUS BANCORP DELNEW+2.5K2.5K+$90,000$90,000
LENLENNAR CORPTRIMMED−1.33M56.0K−$120M$6M
NEMNEWMONT CORPTRIMMED−232.0K547.6K−$10M$27M
INTCINTEL CORPTRIMMED−1.38M4.11M−$11M$134M

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

Holdings — Q1 2023

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1METAMETA PLATFORMS INChistory →CL A8.24%$314M1.48M
2AXPAMERICAN EXPRESS COhistory →COM6.39%$244M1.48M
3EBAYEBAY INC.history →COM6.31%$240M5.42M
4LOWLOWES COS INChistory →COM6.14%$234M1.17M
5GSGOLDMAN SACHS GROUP INChistory →COM5.96%$227M694.8K
6UNPUNION PAC CORPhistory →COM5.87%$224M1.11M
7CITHE CIGNA GROUPhistory →COM5.64%$215M842.2K
8CSXCSX CORPhistory →COM5.63%$214M7.16M
9PKGPACKAGING CORP AMERhistory →COM5.59%$213M1.53M
10HPQHP INChistory →COM5.33%$203M6.92M
11ABXBARRICK GOLD CORPhistory →COM5.23%$199M10.73M
12GOOGLALPHABET INChistory →CAP STK CL A5.03%$192M1.85M
13KLACKLA CORPhistory →COM NEW4.21%$161M402.5K
14MUMICRON TECHNOLOGY INChistory →COM4.02%$153M2.54M
15AFLAFLAC INChistory →COM3.55%$135M2.10M
16INTCINTEL CORPhistory →COM3.53%$134M4.11M
17GNTXGENTEX CORPhistory →COM3.20%$122M4.36M
18ACTIVISION BLIZZARD INCCOM2.84%$108M1.26M
19TSCOTRACTOR SUPPLY COhistory →COM2.81%$107M456.1K
20SCISERVICE CORP INTLhistory →COM2.14%$81M1.18M
21TERTERADYNE INChistory →COM1.46%$56M517.5K
22NEMNEWMONT CORPhistory →COM0.70%$27M547.6K
23LENLENNAR CORPCL A0.15%$6M56.0K
24VVISA INCCOM CL A0.00%$169,000750
25JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR0.00%$163,0003.2K
26MRNAMODERNA INCCOM0.00%$153,000990
27OCOWENS CORNING NEWCOM0.00%$153,0001.6K
28BIDUBAIDU INCSPON ADR REP A0.00%$128,000850
29TXNTEXAS INSTRS INCCOM0.00%$121,000650
30ROKROCKWELL AUTOMATION INCCOM0.00%$117,000400
31UNHUNITEDHEALTH GROUP INCCOM0.00%$105,000222
32SONYSONY GROUP CORPORATIONSPONSORED ADR0.00%$100,0001.1K
33USBUS BANCORP DELCOM NEW0.00%$90,0002.5K
34PGRPROGRESSIVE CORPCOM0.00%$86,000600
35BWABORGWARNER INCCOM0.00%$74,0001.5K
36PPLIIAC INCCOM NEW0.00%$72,0001.4K
37CVSCVS HEALTH CORPCOM0.00%$40,000540
38GMGENERAL MTRS COCOM0.00%$33,000900
39BBWIBATH & BODY WORKS INCCOM0.00%$18,000479
40VSXYVICTORIAS SECRET AND COCOMMON STOCK0.00%$5,000159

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 ↗.