SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Maj Invest Holding A/S

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

Reported Value
$3.7B
Q1 2024
Positions
36
Filings on Record
32
2019–present window
Filed
Apr 29, 2024
original filing

Summary

Maj Invest Holding A/S reported $3.7B in U.S.-listed holdings across 36 positions for Q1 2024.

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

Compared with Q4 2023, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+7.8%
vs prior filed quarter
Top-10 Concentration
+63.0%
share of reported value
Largest Position
+7.8%
The Cigna
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: 100.0%ADR: 0.0%
  • Common Stock · 100.0% · $3.7B
  • ADR · 0.0% · $264,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KRKROGER CONEW+3.25M3.25M+$186M$186M
AZOAUTOZONE INCNEW+42.6K42.6K+$134M$134M
NEMNEWMONT CORPADDED+462.5K865.5K+$14M$31M
EBAYEBAY INC.SOLD OUT−3.09M0−$135M$0
JNJJOHNSON & JOHNSONADDED+221.3K669.3K+$36M$106M
BRK/BBERKSHIRE HATHAWAY INC DELADDED+83.5K313.4K+$50M$132M
METAMETA PLATFORMS INCTRIMMED−224.2K483.8K−$16M$235M
ABXBARRICK GOLD CORPTRIMMED−2.05M6.61M−$47M$110M

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

Holdings — Q1 2024

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CITHE CIGNA GROUPhistory →COM7.79%$287M791.2K
2GSGOLDMAN SACHS GROUP INChistory →COM6.79%$251M600.1K
3GOOGLALPHABET INChistory →CAP STK CL A6.73%$248M1.65M
4AXPAMERICAN EXPRESS COhistory →COM6.73%$248M1.09M
5CSXCSX CORPhistory →COM6.45%$238M6.42M
6METAMETA PLATFORMS INChistory →CL A6.37%$235M483.8K
7LOWLOWES COS INChistory →COM6.27%$231M907.6K
8PKGPACKAGING CORP AMERhistory →COM5.71%$211M1.11M
9HPQHP INChistory →COM5.14%$190M6.28M
10KRKROGER COhistory →COM5.04%$186M3.25M
11KLACKLA CORPhistory →COM NEW4.81%$177M254.0K
12MUMICRON TECHNOLOGY INChistory →COM4.70%$173M1.47M
13UNPUNION PAC CORPhistory →COM4.69%$173M703.9K
14AZOAUTOZONE INChistory →COM3.64%$134M42.6K
15BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.57%$132M313.4K
16AFLAFLAC INChistory →COM3.56%$131M1.53M
17ABXBARRICK GOLD CORPhistory →COM2.98%$110M6.61M
18JNJJOHNSON & JOHNSONhistory →COM2.87%$106M669.3K
19TSCOTRACTOR SUPPLY COhistory →COM2.33%$86M328.8K
20SCISERVICE CORP INTLhistory →COM1.71%$63M851.3K
21TERTERADYNE INChistory →COM1.13%$42M369.0K
22NEMNEWMONT CORPhistory →COM0.84%$31M865.5K
23INTCINTEL CORPCOM0.11%$4M90.8K
24VVISA INCCOM CL A0.01%$210,000750
25ROKROCKWELL AUTOMATION INCCOM0.00%$117,000400
26TXNTEXAS INSTRS INCCOM0.00%$113,000650
27USBUS BANCORP DELCOM NEW0.00%$112,0002.5K
28UNHUNITEDHEALTH GROUP INCCOM0.00%$110,000222
29MRNAMODERNA INCCOM0.00%$106,000990
30SONYSONY GROUP CORPSPONSORED ADR0.00%$94,0001.1K
31BIDUBAIDU INCSPON ADR REP A0.00%$89,000850
32JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR0.00%$81,0003.2K
33PPLIIAC INCCOM NEW0.00%$75,0001.4K
34RUNSUNRUN INCCOM0.00%$62,0004.7K
35CVSCVS HEALTH CORPCOM0.00%$43,000540
36BBWIBATH & BODY WORKS INCCOM0.00%$24,000479

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 ↗.