SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Maj Invest Holding A/S

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

Reported Value
$3.6B
Q2 2024
Positions
37
Filings on Record
31
2019–present window
Filed
Jul 16, 2024
original filing

Summary

Maj Invest Holding A/S reported $3.6B in U.S.-listed holdings across 37 positions for Q2 2024.

Its largest position, GOOGL, represents 6.7% of the portfolio.

Compared with Q1 2024, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+13.7%
vs prior filed quarter
Top-10 Concentration
+58.9%
share of reported value
Largest Position
+6.7%
Alphabet
New / Exited
3 / 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
Q1 ’19: $2.2BQ1 ’19Q2 ’19: $2.2BQ3 ’19: $2.5BQ4 ’19: $3.1BQ1 ’20: $2.2BQ1 ’20Q2 ’20: $2.4BQ3 ’20: $2.7BQ4 ’20: $4.7BQ1 ’21: $5.8BQ1 ’21Q2 ’21: $6.1BQ3 ’21: $5.5BQ4 ’21: $6.2BQ1 ’22: $5.4BQ1 ’22Q2 ’22: $4.4BQ3 ’22: $3.7BQ4 ’22: $3.8BQ1 ’23: $3.8BQ1 ’23Q2 ’23: $4.0BQ3 ’23: $3.7BQ4 ’23: $3.4BQ1 ’24: $3.7BQ1 ’24Q2 ’24: $3.6BQ3 ’24: $3.8BQ4 ’24: $3.0BQ1 ’25: $2.8BQ1 ’25Q2 ’25: $2.9BQ3 ’25: $2.9BQ4 ’25: $2.1BQ1 ’26: $2.3BQ1 ’26Q2 ’26: $2.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 100.0%ADR: 0.0%
  • Common Stock · 100.0% · $3.6B
  • ADR · 0.0% · $233,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ELVELEVANCE HEALTH INCNEW+320.7K320.7K+$174M$174M
UPSUNITED PARCEL SERVICE INCNEW+464.8K464.8K+$64M$64M
PFEPFIZER INCNEW+4.0K4.0K+$112,000$112,000
NEMNEWMONT CORPADDED+2.56M3.43M+$112M$144M
TSCOTRACTOR SUPPLY COSOLD OUT−328.8K0−$86M$0
PPLIIAC INCSOLD OUT−1.4K0−$75,000$0
ABXBARRICK GOLD CORPTRIMMED−6.11M491.8K−$102M$8M
AZOAUTOZONE INCADDED+22.6K65.2K+$59M$193M

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

Holdings — Q2 2024

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGLALPHABET INChistory →CAP STK CL A6.72%$242M1.33M
2AXPAMERICAN EXPRESS COhistory →COM6.67%$240M1.04M
3GSGOLDMAN SACHS GROUP INChistory →COM6.54%$235M520.1K
4KRKROGER COhistory →COM6.10%$219M4.40M
5HPQHP INChistory →COM5.86%$211M6.02M
6CSXCSX CORPhistory →COM5.76%$207M6.19M
7AZOAUTOZONE INChistory →COM5.38%$193M65.2K
8PKGPACKAGING CORP AMERhistory →COM5.36%$193M1.06M
9LOWLOWES COS INChistory →COM5.29%$190M862.7K
10METAMETA PLATFORMS INChistory →CL A5.22%$188M372.4K
11ELVELEVANCE HEALTH INChistory →COM4.83%$174M320.7K
12CITHE CIGNA GROUPhistory →COM4.64%$167M504.1K
13KLACKLA CORPhistory →COM NEW4.30%$154M187.3K
14UNPUNION PAC CORPhistory →COM4.24%$152M673.9K
15BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW4.05%$146M358.2K
16NEMNEWMONT CORPhistory →COM3.99%$144M3.43M
17AFLAFLAC INChistory →COM3.57%$128M1.44M
18JNJJOHNSON & JOHNSONhistory →COM3.23%$116M794.6K
19MUMICRON TECHNOLOGY INChistory →COM3.05%$110M834.3K
20UPSUNITED PARCEL SERVICE INChistory →CL B1.77%$64M464.8K
21SCISERVICE CORP INTLhistory →COM1.61%$58M815.9K
22TERTERADYNE INChistory →COM1.46%$52M353.4K
23ABXBARRICK GOLD CORPCOM0.23%$8M491.8K
24INTCINTEL CORPCOM0.08%$3M88.5K
25VVISA INCCOM CL A0.01%$197,000750
26TXNTEXAS INSTRS INCCOM0.00%$126,000650
27MRNAMODERNA INCCOM0.00%$118,000990
28UNHUNITEDHEALTH GROUP INCCOM0.00%$113,000222
29PFEPFIZER INCCOM0.00%$112,0004.0K
30ROKROCKWELL AUTOMATION INCCOM0.00%$110,000400
31USBUS BANCORP DELCOM NEW0.00%$99,0002.5K
32SONYSONY GROUP CORPSPONSORED ADR0.00%$93,0001.1K
33BIDUBAIDU INCSPON ADR REP A0.00%$74,000850
34JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR0.00%$66,0003.2K
35RUNSUNRUN INCCOM0.00%$56,0004.7K
36CVSCVS HEALTH CORPCOM0.00%$32,000540
37BBWIBATH & BODY WORKS INCCOM0.00%$19,000479

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 ↗

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 ↗.