SEC 13F Intelligence

Managers / Q4 2024 · view latest →

Maj Invest Holding A/S

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

Reported Value
$3.0B
Q4 2024
Positions
40
Filings on Record
32
2019–present window
Filed
Jan 22, 2025
original filing

Summary

Maj Invest Holding A/S reported $3.0B in U.S.-listed holdings across 40 positions for Q4 2024.

Its largest position, GOOGL, represents 7.9% of the portfolio.

Compared with Q3 2024, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+58.4%
share of reported value
Largest Position
+7.9%
Alphabet
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% · $3.0B
  • ADR · 0.0% · $268,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MCOMOODYS CORPNEW+180180+$85,000$85,000
TMOTHERMO FISHER SCIENTIFIC INCNEW+160160+$83,000$83,000
SONYSONY GROUP CORPADDED+4.4K5.5K+$10,000$116,000
MUMICRON TECHNOLOGY INCSOLD OUT−541.4K0−$56M$0
TERTERADYNE INCTRIMMED−346.9K1.6K−$46M$205,000
AMPAMERIPRISE FINL INCADDED+141.9K352.1K+$89M$187M
PKGPACKAGING CORP AMERTRIMMED−428.7K301.1K−$89M$68M
AFLAFLAC INCTRIMMED−796.7K620.0K−$94M$64M

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

Holdings — Q4 2024

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGLALPHABET INChistory →CAP STK CL A7.91%$241M1.27M
2AMPAMERIPRISE FINL INChistory →COM6.16%$187M352.1K
3LOWLOWES COS INChistory →COM6.03%$183M743.3K
4QCOMQUALCOMM INChistory →COM5.94%$181M1.18M
5AZOAUTOZONE INChistory →COM5.89%$179M56.0K
6BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW5.68%$173M380.8K
7ELVELEVANCE HEALTH INChistory →COM5.64%$172M465.0K
8HPQHP INChistory →COM5.43%$165M5.06M
9CSXCSX CORPhistory →COM5.10%$155M4.81M
10CITHE CIGNA GROUPhistory →COM4.58%$139M503.9K
11AXPAMERICAN EXPRESS COhistory →COM4.56%$139M466.8K
12KRKROGER COhistory →COM4.51%$137M2.24M
13FISVFISERV INChistory →COM4.46%$136M659.9K
14UNPUNION PAC CORPhistory →COM4.43%$135M590.1K
15METAMETA PLATFORMS INChistory →CL A4.24%$129M220.4K
16NEMNEWMONT CORPhistory →COM3.58%$109M2.93M
17JNJJOHNSON & JOHNSONhistory →COM3.22%$98M678.1K
18UPSUNITED PARCEL SERVICE INChistory →CL B3.11%$95M749.7K
19GSGOLDMAN SACHS GROUP INChistory →COM2.99%$91M158.9K
20PKGPACKAGING CORP AMERhistory →COM2.23%$68M301.1K
21AFLAFLAC INChistory →COM2.11%$64M620.0K
22SCISERVICE CORP INTLhistory →COM1.85%$56M705.1K
23ABXBARRICK GOLD CORPCOM0.24%$7M464.7K
24INTCINTEL CORPCOM0.06%$2M83.7K
25VVISA INCCOM CL A0.01%$237,000750
26TERTERADYNE INCCOM0.01%$205,0001.6K
27TXNTEXAS INSTRS INCCOM0.00%$122,000650
28USBUS BANCORP DELCOM NEW0.00%$120,0002.5K
29SONYSONY GROUP CORPSPONSORED ADR0.00%$116,0005.5K
30ROKROCKWELL AUTOMATION INCCOM0.00%$114,000400
31UNHUNITEDHEALTH GROUP INCCOM0.00%$112,000222
32PFEPFIZER INCCOM0.00%$106,0004.0K
33MCOMOODYS CORPCOM0.00%$85,000180
34TMOTHERMO FISHER SCIENTIFIC INCCOM0.00%$83,000160
35JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR0.00%$80,0003.2K
36BIDUBAIDU INCSPON ADR REP A0.00%$72,000850
37RUNSUNRUN INCCOM0.00%$43,0004.7K
38MRNAMODERNA INCCOM0.00%$41,000990
39CVSCVS HEALTH CORPCOM0.00%$24,000540
40BBWIBATH & 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 ↗
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 ↗.