SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Maj Invest Holding A/S

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

Reported Value
$4.0B
Q2 2023
Positions
38
Filings on Record
32
2019–present window
Filed
Aug 1, 2023
original filing

Summary

Maj Invest Holding A/S reported $4.0B in U.S.-listed holdings across 38 positions for Q2 2023.

Its largest position, CI, represents 7.5% of the portfolio.

Compared with Q1 2023, the fund opened 1 new position and exited 3.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+64.7%
share of reported value
Largest Position
+7.5%
The Cigna
New / Exited
1 / 3
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% · $4.0B
  • ADR · 0.0% · $357,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RUNSUNRUN INCNEW+4.7K4.7K+$84,000$84,000
LENLENNAR CORPSOLD OUT−56.0K0−$6M$0
BWABORGWARNER INCSOLD OUT−1.5K0−$74,000$0
VSXYVICTORIAS SECRET AND COSOLD OUT−1590−$5,000$0
INTCINTEL CORPTRIMMED−1.96M2.15M−$62M$72M
METAMETA PLATFORMS INCTRIMMED−440.2K1.04M−$15M$299M
CITHE CIGNA GROUPADDED+243.9K1.09M+$90M$305M
HPQHP INCADDED+1.70M8.62M+$62M$265M

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

Holdings — Q2 2023

38 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CITHE CIGNA GROUPhistory →COM7.55%$305M1.09M
2METAMETA PLATFORMS INChistory →CL A7.40%$299M1.04M
3GSGOLDMAN SACHS GROUP INChistory →COM6.61%$267M827.8K
4LOWLOWES COS INChistory →COM6.57%$265M1.18M
5HPQHP INChistory →COM6.55%$265M8.62M
6AXPAMERICAN EXPRESS COhistory →COM6.47%$261M1.50M
7UNPUNION PAC CORPhistory →COM6.20%$250M1.22M
8CSXCSX CORPhistory →COM5.91%$239M7.00M
9EBAYEBAY INC.history →COM5.86%$237M5.30M
10PKGPACKAGING CORP AMERhistory →COM5.54%$224M1.69M
11GOOGLALPHABET INChistory →CAP STK CL A5.25%$212M1.77M
12KLACKLA CORPhistory →COM NEW4.73%$191M393.6K
13ABXBARRICK GOLD CORPhistory →COM4.43%$179M10.57M
14MUMICRON TECHNOLOGY INChistory →COM3.80%$153M2.43M
15AFLAFLAC INChistory →COM3.41%$138M1.97M
16GNTXGENTEX CORPhistory →COM3.08%$125M4.26M
17ACTIVISION BLIZZARD INCCOM2.58%$104M1.23M
18TSCOTRACTOR SUPPLY COhistory →COM2.47%$100M450.5K
19SCISERVICE CORP INTLhistory →COM1.85%$75M1.16M
20INTCINTEL CORPhistory →COM1.78%$72M2.15M
21TERTERADYNE INChistory →COM1.39%$56M505.7K
22NEMNEWMONT CORPhistory →COM0.53%$21M503.6K
23OCOWENS CORNING NEWCOM0.01%$209,0001.6K
24VVISA INCCOM CL A0.00%$178,000750
25JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR0.00%$142,0003.2K
26ROKROCKWELL AUTOMATION INCCOM0.00%$132,000400
27MRNAMODERNA INCCOM0.00%$120,000990
28TXNTEXAS INSTRS INCCOM0.00%$117,000650
29BIDUBAIDU INCSPON ADR REP A0.00%$116,000850
30UNHUNITEDHEALTH GROUP INCCOM0.00%$107,000222
31SONYSONY GROUP CORPORATIONSPONSORED ADR0.00%$99,0001.1K
32PPLIIAC INCCOM NEW0.00%$88,0001.4K
33RUNSUNRUN INCCOM0.00%$84,0004.7K
34USBUS BANCORP DELCOM NEW0.00%$83,0002.5K
35PGRPROGRESSIVE CORPCOM0.00%$79,000600
36CVSCVS HEALTH CORPCOM0.00%$37,000540
37GMGENERAL MTRS COCOM0.00%$35,000900
38BBWIBATH & BODY WORKS INCCOM0.00%$18,000479

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 ↗.