SEC 13F Intelligence

Managers / Q1 2026 · view latest →

Maj Invest Holding A/S

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

Reported Value
$2.3B
Q1 2026
Positions
38
Filings on Record
32
2019–present window
Filed
May 1, 2026
original filing

Summary

Maj Invest Holding A/S reported $2.3B in U.S.-listed holdings across 38 positions for Q1 2026.

Its largest position, BRK/B, represents 8.8% of the portfolio.

Compared with Q4 2025, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+5.0%
vs prior filed quarter
Top-10 Concentration
+64.8%
share of reported value
Largest Position
+8.8%
Berkshire Hathaway
New / Exited
1 / 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% · $2.3B
  • ADR · 0.0% · $290,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ZTSZOETIS INCNEW+675.2K675.2K+$80M$80M
PKGPACKAGING CORP AMERSOLD OUT−2000−$41,000$0
HPQHP INCADDED+3.52M8.46M+$52M$163M
METAMETA PLATFORMS INCADDED+96.1K255.8K+$41M$146M
QCOMQUALCOMM INCADDED+410.3K1.39M+$11M$179M
NEMNEWMONT CORPTRIMMED−320.9K479.6K−$28M$52M
AMATAPPLIED MATLS INCTRIMMED−189.2K418.6K−$13M$143M
BRK/BBERKSHIRE HATHAWAY INC DELADDED+45.8K417.3K+$13M$200M

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

Holdings — Q1 2026

38 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW8.80%$200M417.3K
2QCOMQUALCOMM INChistory →COM7.89%$179M1.39M
3HPQHP INChistory →COM7.15%$163M8.46M
4CSXCSX CORPhistory →COM6.48%$147M3.59M
5METAMETA PLATFORMS INChistory →CL A6.44%$146M255.8K
6AMATAPPLIED MATLS INChistory →COM6.30%$143M418.6K
7AMPAMERIPRISE FINL INChistory →COM5.82%$132M297.7K
8UNPUNION PAC CORPhistory →COM5.59%$127M523.7K
9LOWLOWES COS INChistory →COM5.48%$124M526.9K
10KRKROGER COhistory →COM4.83%$110M1.52M
11UPSUNITED PARCEL SVCS INChistory →CL B4.75%$108M1.10M
12GOOGLALPHABET INChistory →CAP STK CL A4.72%$107M373.2K
13CITHE CIGNA GROUPhistory →COM4.59%$104M390.8K
14AXPAMERICAN EXPRESS COhistory →COM4.18%$95M314.2K
15HCAHCA HEALTHCARE INChistory →COM3.59%$82M172.5K
16ZTSZOETIS INChistory →CL A3.51%$80M675.2K
17ELVELEVANCE HEALTH INC FORMERLYhistory →COM3.35%$76M260.2K
18AFLAFLAC INChistory →COM2.77%$63M574.5K
19NEMNEWMONT CORPhistory →COM2.28%$52M479.6K
20SCISERVICE CORP INTLhistory →COM1.36%$31M374.9K
21VVISA INCCOM CL A0.01%$227,000750
22LMTLOCKHEED MARTIN CORPCOM0.01%$191,000315
23GDGENERAL DYNAMICS CORPCOM0.01%$137,000400
24USBUS BANCORPCOM NEW0.01%$130,0002.5K
25TXNTEXAS INSTRS INCCOM0.01%$126,000650
26NOCNORTHROP GRUMMAN CORPCOM0.01%$123,000180
27JNJJOHNSON & JOHNSONCOM0.01%$115,000470
28SONYSONY GROUP CORPSPONSORED ADR0.01%$114,0005.5K
29PFEPFIZER INCCOM0.00%$112,0004.0K
30MCOMOODYS CORPCOM0.00%$107,000245
31BIDUBAIDU INCSPON ADR REP A0.00%$95,000850
32INTCINTEL CORPCOM0.00%$88,0002.0K
33ROKROCKWELL AUTOMATION INCCOM0.00%$86,000240
34GSGOLDMAN SACHS GROUP INCCOM0.00%$85,000100
35UNHUNITEDHEALTH GROUP INCCOM0.00%$83,000307
36JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR0.00%$81,0003.2K
37TMOTHERMO FISHER SCIENTIFIC INCCOM0.00%$79,000160
38MRNAMODERNA INCCOM0.00%$50,000990

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 ↗.