SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Maj Invest Holding A/S

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

Reported Value
$3.7B
Q3 2023
Positions
37
Filings on Record
32
2019–present window
Filed
Nov 3, 2023
original filing

Summary

Maj Invest Holding A/S reported $3.7B in U.S.-listed holdings across 37 positions for Q3 2023.

Its largest position, CI, represents 7.8% of the portfolio.

Compared with Q2 2023, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+4.4%
vs prior filed quarter
Top-10 Concentration
+64.5%
share of reported value
Largest Position
+7.8%
The Cigna
New / Exited
1 / 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% · $3.7B
  • ADR · 0.0% · $302,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BRK/BBERKSHIRE HATHAWAY INC DELNEW+300.7K300.7K+$105M$105M
ACTIVISION BLIZZARD INCSOLD OUT−1.23M0−$104M$0
OCOWENS CORNING NEWSOLD OUT−1.6K0−$209,000$0
UNPUNION PAC CORPTRIMMED−301.6K921.2K−$63M$188M
CSXCSX CORPADDED+1.38M8.38M+$19M$258M
NEMNEWMONT CORPTRIMMED−94.2K409.5K−$6M$15M
METAMETA PLATFORMS INCTRIMMED−139.2K902.3K−$28M$271M
CITHE CIGNA GROUPTRIMMED−61.8K1.02M−$12M$293M

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

Holdings — Q3 2023

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CITHE CIGNA GROUPhistory →COM7.82%$293M1.02M
2METAMETA PLATFORMS INChistory →CL A7.23%$271M902.3K
3CSXCSX CORPhistory →COM6.88%$258M8.38M
4GSGOLDMAN SACHS GROUP INChistory →COM6.77%$254M784.6K
5PKGPACKAGING CORP AMERhistory →COM6.58%$247M1.61M
6LOWLOWES COS INChistory →COM6.19%$232M1.12M
7EBAYEBAY INC.history →COM5.91%$221M5.02M
8GOOGLALPHABET INChistory →CAP STK CL A5.86%$220M1.68M
9AXPAMERICAN EXPRESS COhistory →COM5.66%$212M1.42M
10HPQHP INChistory →COM5.60%$210M8.17M
11UNPUNION PAC CORPhistory →COM5.00%$188M921.2K
12KLACKLA CORPhistory →COM NEW4.57%$171M373.5K
13MUMICRON TECHNOLOGY INChistory →COM4.19%$157M2.31M
14ABXBARRICK GOLD CORPhistory →COM3.96%$149M10.22M
15AFLAFLAC INChistory →COM3.83%$144M1.87M
16GNTXGENTEX CORPhistory →COM3.50%$131M4.03M
17BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.81%$105M300.7K
18TSCOTRACTOR SUPPLY COhistory →COM2.31%$87M426.7K
19INTCINTEL CORPhistory →COM1.94%$73M2.05M
20SCISERVICE CORP INTLhistory →COM1.67%$63M1.10M
21TERTERADYNE INChistory →COM1.29%$48M479.7K
22NEMNEWMONT CORPhistory →COM0.40%$15M409.5K
23VVISA INCCOM CL A0.00%$173,000750
24ROKROCKWELL AUTOMATION INCCOM0.00%$114,000400
25BIDUBAIDU INCSPON ADR REP A0.00%$114,000850
26UNHUNITEDHEALTH GROUP INCCOM0.00%$112,000222
27TXNTEXAS INSTRS INCCOM0.00%$103,000650
28MRNAMODERNA INCCOM0.00%$102,000990
29JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR0.00%$97,0003.2K
30SONYSONY GROUP CORPSPONSORED ADR0.00%$91,0001.1K
31PGRPROGRESSIVE CORPCOM0.00%$84,000600
32USBUS BANCORP DELCOM NEW0.00%$83,0002.5K
33PPLIIAC INCCOM NEW0.00%$70,0001.4K
34RUNSUNRUN INCCOM0.00%$59,0004.7K
35CVSCVS HEALTH CORPCOM0.00%$38,000540
36GMGENERAL MTRS COCOM0.00%$30,000900
37BBWIBATH & BODY WORKS INCCOM0.00%$16,000479

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 ↗.