BI Asset Management Fondsmaeglerselskab A/S
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), BI Asset Management Fondsmaeglerselskab A/S reported 700 stock positions worth $11.1 billion. Its top holding was Nvidia (NVDA) at 8.0% of the portfolio, followed by Microsoft (MSFT, 6.4%) and Apple (AAPL, 4.9%). Compared with Q2 2025, it opened 34 new positions, sold out of 73, added to 372 and reduced 211. The biggest buy was Alphabet Class A (GOOGL, shares +4%) and the biggest sale an exit from Booking (BKNG).
- Most Recent 13F
- Q2 2026
- Location
- KOBENHAVN, G7
- CIK
- 0001778131
- Portfolio Value
- $11.1B (Q3 2025)
- SEC Filing
- 0001778131-25-000008 ↗ filed Nov 5, 2025
Holdings Value
Holdings 700 stocks · $11.1B
| NVDA Nvidia Corp. | 8.01% | 4,806,121 | $886.7M | Reduce -6.7% |
| MSFT Microsoft Corp. | 6.38% | 1,384,355 | $706.5M | Add +15.3% |
| AAPL Apple Inc. | 4.87% | 2,142,988 | $539.1M | Add +4.9% |
| GOOGL Alphabet Inc. Class A | 4.04% | 1,868,824 | $447.1M | Add +3.7% |
| META Meta Platforms Inc. Class A | 3.57% | 541,811 | $395.2M | Add +1.6% |
| AMZN Amazon.com Inc. | 2.80% | 1,451,045 | $310.5M | Add +3.2% |
| AVGO Broadcom Inc. | 2.09% | 711,932 | $231.9M | Reduce -21.4% |
| JPM JPMorgan Chase & Co. | 2.08% | 734,521 | $230.7M | Reduce -1.3% |
| MA Mastercard Inc. Class A | 1.51% | 293,652 | $167.0M | Add +8.1% |
| V Visa Inc. Class A | 1.47% | 488,784 | $162.6M | Add +13.3% |
| TSLA Tesla Inc. | 1.02% | 253,032 | $112.5M | Reduce -6.1% |
| NEM Newmont Corp. | 0.99% | 1,303,157 | $109.9M | Reduce -1.1% |
| KLAC KLA Corp. | 0.99% | 101,382 | $109.4M | Add +5.8% |
| CSCO Cisco Systems Inc. | 0.95% | 1,572,080 | $104.9M | Add +7.5% |
| MRK Merck & Co. Inc. | 0.94% | 1,246,884 | $103.7M | Add +25.6% |
| MELI MercadoLibre Inc. | 0.93% | 44,023 | $102.9M | Add +17.9% |
| ABBV Abbvie Inc. | 0.89% | 427,663 | $99.0M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.89% | 105,956 | $98.1M | Reduce -13.3% |
| KO The Coca-Cola Co. | 0.89% | 1,478,758 | $98.1M | Add +2.2% |
| AMAT Applied Materials Inc. | 0.88% | 478,457 | $98.0M | Reduce -5.5% |
| ANET Arista Networks Inc. | 0.87% | 662,139 | $96.5M | Add +38.3% |
| LLY Eli Lilly & Co. | 0.86% | 125,615 | $95.0M | Reduce -15.8% |
| ORCL Oracle Corp. | 0.82% | 323,834 | $91.1M | Add +20.2% |
| PGR Progressive Corp. | 0.81% | 365,483 | $90.3M | Add +11.3% |
| WMT Walmart Inc. | 0.81% | 870,825 | $89.7M | Reduce -2.2% |
| EME Emcor Group Inc. | 0.80% | 135,828 | $88.2M | Add +11.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.76% | 578,853 | $83.7M | Add +1.6% |
| VZ Verizon Communications Inc. | 0.70% | 1,766,734 | $77.6M | Add +2.4% |
| JNJ Johnson & Johnson | 0.69% | 411,513 | $76.3M | Add +25.8% |
| QCOM Qualcomm Inc. | 0.64% | 423,378 | $70.4M | Add +43.2% |
| PG The Procter & Gamble Co. | 0.61% | 459,478 | $67.5M | Reduce -20.6% |
| NFLX Netflix Inc. | 0.56% | 51,835 | $62.1M | Add +19.8% |
| HCA HCA Healthcare Inc. | 0.55% | 143,627 | $61.2M | Reduce -2.9% |
| EBAY eBay Inc. | 0.55% | 666,276 | $60.6M | Reduce -10.5% |
| INTU Intuit Inc. | 0.50% | 81,461 | $55.6M | Add +32.6% |
| GM General Motors Co. | 0.50% | 907,092 | $55.3M | Add +53.7% |
| TSCO Tractor Supply Company | 0.50% | 971,595 | $55.3M | Add +2356.5% |
| ZTS Zoetis Inc. | 0.49% | 374,143 | $54.7M | Add +1.9% |
| ADBE Adobe Inc. | 0.49% | 153,793 | $54.3M | Reduce -17.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.49% | 107,142 | $53.9M | Reduce -33.4% |
| NEE Nextera Energy Inc. | 0.48% | 745,909 | $53.3M | Reduce -27.9% |
| NTES Netease Inc.-ADR | 0.48% | 349,339 | $53.1M | Add +5.2% |
| GILD Gilead Sciences Inc. | 0.48% | 477,987 | $53.1M | Reduce -11.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.47% | 184,483 | $52.1M | Reduce -33.5% |
| ADP Automatic Data Processing | 0.46% | 172,061 | $50.5M | Add +17.1% |
| TMO Thermo Fisher Scientific Inc. | 0.45% | 107,938 | $49.7M | Add +65.5% |
| AZN Astrazeneca PLC-Spons ADR | 0.44% | 677,594 | $48.7M | Reduce -5.6% |
| PLTR Palantir Technologies Inc. Class A | 0.42% | 254,288 | $46.4M | Reduce -2.9% |
| AMP Ameriprise Financial Inc. | 0.42% | 93,676 | $46.0M | Add +2.8% |
| TMUS T-Mobile US Inc. | 0.41% | 190,737 | $45.7M | Add +185.3% |
| COR Cencora Inc. | 0.41% | 144,287 | $45.1M | Add +17.9% |
| UBER Uber Technologies Inc. | 0.40% | 456,816 | $44.8M | Reduce -17.1% |
| ELV Elevance Health Inc. | 0.40% | 145,408 | $44.4M | Add +11.8% |
| CAT Caterpillar Inc. | 0.38% | 87,315 | $41.7M | Reduce -6.2% |
| ADSK Autodesk Inc. | 0.37% | 130,669 | $41.5M | Add +18.6% |
| CL Colgate-Palmolive Co. | 0.36% | 499,621 | $39.9M | Add +61.4% |
| PAYX Paychex Inc. | 0.36% | 326,711 | $39.7M | Reduce -4.0% |
| SNPS Synopsys Inc. | 0.35% | 77,737 | $38.4M | Reduce -17.5% |
| UNP Union Pacific Corp. | 0.34% | 161,036 | $38.1M | Add +27.6% |
| ULTA Ulta Beauty Inc. | 0.34% | 69,614 | $38.1M | Add +70.5% |
| APP AppLovin Corp. Class A | 0.34% | 52,369 | $37.6M | Reduce -26.1% |
| CALM Cal-Maine Foods Inc. | 0.33% | 392,347 | $36.9M | Add +34.6% |
| TRV The Travelers Cos Inc. | 0.33% | 136,484 | $36.8M | Add +99.0% |
| UNH Unitedhealth Group Inc. | 0.32% | 109,377 | $35.7M | Add +3.7% |
| NTAP Netapp Inc. | 0.32% | 298,883 | $35.4M | Add +19.3% |
| KKR KKR & Co. Inc. | 0.32% | 271,344 | $35.3M | Add +30.5% |
| HIG Hartford Insurance Group Inc. | 0.31% | 258,435 | $34.5M | Add +4.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.31% | 297,878 | $34.1M | Add +18.9% |
| SPGI S&P Global Inc. | 0.31% | 74,797 | $33.9M | Add +3.7% |
| HD Home Depot Inc. | 0.30% | 82,964 | $33.6M | Add +3.6% |
| HDB HDFC Bank Ltd.-ADR | 0.30% | 981,320 | $33.5M | Add +5.7% |
| AMD Advanced Micro Devices | 0.29% | 196,514 | $31.8M | Reduce -23.5% |
| AMT American Tower Corp. | 0.28% | 181,053 | $31.4M | Add +4.9% |
| ECL Ecolab Inc. | 0.28% | 113,968 | $31.2M | Reduce -1.9% |
| MU Micron Technology Inc. | 0.28% | 184,342 | $30.8M | Reduce -6.0% |
| LOW Lowe's Cos Inc. | 0.28% | 133,589 | $30.8M | Reduce -1.6% |
| FISV Fiserv Inc. | 0.28% | 237,025 | $30.6M | Reduce -8.7% |
| AXP American Express Co. | 0.27% | 91,570 | $30.4M | Reduce -0.1% |
| CMS CMS Energy Corp. | 0.26% | 443,054 | $29.2M | Add +3585.4% |
| CRM Salesforce Inc. | 0.26% | 122,136 | $28.9M | Reduce -35.0% |
| IDXX Idexx Laboratories Inc. | 0.26% | 45,029 | $28.8M | Add +65.7% |
| SCI Service Corp. International | 0.26% | 381,200 | $28.3M | Add +8.4% |
| CVS CVS Health Corp. | 0.25% | 386,062 | $27.5M | Reduce -30.1% |
| IDCC Interdigital Inc. | 0.25% | 79,349 | $27.4M | Reduce -21.5% |
| PEP Pepsico Inc. | 0.25% | 194,110 | $27.3M | Add +73.6% |
| APH Amphenol Corp. Class A | 0.24% | 213,134 | $26.4M | Add +76.9% |
| AMGN Amgen Inc. | 0.24% | 93,366 | $26.3M | Add +12.6% |
| CAH Cardinal Health Inc. | 0.24% | 166,565 | $26.1M | Add +156.9% |
| WFC Wells Fargo & Co. | 0.23% | 306,010 | $25.6M | Add +6.1% |
| THC Tenet Healthcare Corp. | 0.23% | 125,992 | $25.6M | Add +9.5% |
| FIS Fidelity National Info Serv | 0.22% | 425,521 | $24.8M | Add +52.9% |
| XOM Exxon Mobil Corp. | 0.22% | 219,230 | $24.7M | Reduce -48.9% |
| AVY Avery Dennison Corp. | 0.22% | 169,569 | $24.7M | Add +8.3% |
| PYPL PayPal Holdings Inc. | 0.22% | 367,290 | $24.6M | Add +36.1% |
| NOW ServiceNow Inc. | 0.22% | 26,026 | $24.0M | Reduce -17.0% |
| HOOD Robinhood Markets Inc. Class A | 0.21% | 165,406 | $23.7M | Reduce -14.1% |
| PDD PDD Holdings Inc. | 0.21% | 179,175 | $23.7M | Add +1113.8% |
| SYY Sysco Corp. | 0.21% | 285,717 | $23.5M | Add +12.7% |
| ICE Intercontinental Exchange Inc. | 0.21% | 136,979 | $23.1M | Add +8.4% |
| EA Electronic Arts Inc. | 0.20% | 111,640 | $22.5M | Add +271.7% |
Portfolio Sells Q2 2025 → Q3 2025
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.88 |
| IBM Intl Business Machines Corp. | Reduce -33.5% | 0.47% | −0.34 |
| AVGO Broadcom Inc. | Reduce -21.4% | 2.09% | −0.33 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.33 |
| COST Costco Wholesale Corp. | Reduce -13.3% | 0.89% | −0.30 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -33.4% | 0.49% | −0.28 |
| LNT Alliant Energy Corp. | Reduce -97.7% | 0.01% | −0.28 |
| LLY Eli Lilly & Co. | Reduce -15.8% | 0.86% | −0.28 |
| PG The Procter & Gamble Co. | Reduce -20.6% | 0.61% | −0.27 |
| CRM Salesforce Inc. | Reduce -35.0% | 0.26% | −0.24 |
| XOM Exxon Mobil Corp. | Reduce -48.9% | 0.22% | −0.23 |
| ADBE Adobe Inc. | Reduce -17.5% | 0.49% | −0.22 |
| EAT Brinker International Inc. | Reduce -88.4% | 0.02% | −0.21 |
| NEE Nextera Energy Inc. | Reduce -27.9% | 0.48% | −0.20 |
| VICI Vici Properties Inc. | Reduce -64.2% | 0.09% | −0.19 |
| ACM Aecom | Reduce -59.8% | 0.13% | −0.18 |
| FISV Fiserv Inc. | Reduce -8.7% | 0.28% | −0.16 |
| ABT Abbott Laboratories | Reduce -56.5% | 0.11% | −0.16 |
| SFM Sprouts Farmers Market Inc. | Reduce -60.8% | 0.05% | −0.15 |
| COO The Cooper Cos Inc. | Reduce -95.4% | 0.01% | −0.14 |
| AXON Axon Enterprise Inc. | Reduce -56.3% | 0.07% | −0.14 |
| CHTR Charter Communications Inc. Class A | Reduce -31.9% | 0.10% | −0.13 |
| SNPS Synopsys Inc. | Reduce -17.5% | 0.35% | −0.13 |
| EQIX Equinix Inc. | Reduce -76.7% | 0.03% | −0.13 |
| PFE Pfizer Inc. | Reduce -63.2% | 0.07% | −0.13 |
| GWW WW Grainger Inc. | Reduce -37.0% | 0.13% | −0.11 |
| STRL Sterling Infrastructure Inc. | Reduce -70.1% | 0.08% | −0.11 |
| PAYX Paychex Inc. | Reduce -4.0% | 0.36% | −0.11 |
| CVS CVS Health Corp. | Reduce -30.1% | 0.25% | −0.11 |
| GILD Gilead Sciences Inc. | Reduce -11.3% | 0.48% | −0.11 |
| UBER Uber Technologies Inc. | Reduce -17.1% | 0.40% | −0.10 |
| NOW ServiceNow Inc. | Reduce -17.0% | 0.22% | −0.10 |
| WDAY Workday Inc. Class A | Reduce -76.2% | 0.03% | −0.10 |
| PPC Pilgrim's Pride Corp. | Sold out | 0.00% | −0.10 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.09 |
| CTAS Cintas Corp. | Reduce -23.2% | 0.16% | −0.09 |
| SHOP Shopify Inc. Class A | Reduce -42.9% | 0.18% | −0.09 |
| APO Apollo Global Management Inc. | Reduce -31.5% | 0.12% | −0.08 |
| LNTH Lantheus Holdings Inc. | Sold out | 0.00% | −0.08 |
| VST Vistra Corp. | Reduce -30.5% | 0.14% | −0.08 |
| WELL Welltower Inc. | Reduce -39.4% | 0.14% | −0.08 |
| FTNT Fortinet Inc. | Reduce -53.5% | 0.04% | −0.07 |
| LULU Lululemon Athletica Inc. | Reduce -46.3% | 0.04% | −0.07 |
| AMD Advanced Micro Devices | Reduce -23.5% | 0.29% | −0.07 |
| T AT&T Inc. | Reduce -24.4% | 0.14% | −0.07 |
| DVA Davita Inc. | Reduce -43.2% | 0.06% | −0.07 |
| TRGP Targa Resources Corp. | Reduce -78.7% | 0.01% | −0.06 |
| XYZ Block Inc. | Reduce -32.9% | 0.12% | −0.06 |
| JXN Jackson Financial Inc. Class A | Reduce -99.3% | 0.00% | −0.06 |
| FIX Comfort Systems USA Inc. | Reduce -80.3% | 0.02% | −0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +3.7% | 4.04% | +0.96 |
| AAPL Apple Inc. | Add +4.9% | 4.87% | +0.79 |
| MSFT Microsoft Corp. | Add +15.3% | 6.38% | +0.60 |
| TSCO Tractor Supply Company | Add +2356.5% | 0.50% | +0.48 |
| ANET Arista Networks Inc. | Add +38.3% | 0.87% | +0.39 |
| CMS CMS Energy Corp. | Add +3585.4% | 0.26% | +0.26 |
| TMUS T-Mobile US Inc. | Add +185.3% | 0.41% | +0.26 |
| ORCL Oracle Corp. | Add +20.2% | 0.82% | +0.24 |
| GM General Motors Co. | Add +53.7% | 0.50% | +0.21 |
| PDD PDD Holdings Inc. | Add +1113.8% | 0.21% | +0.20 |
| JNJ Johnson & Johnson | Add +25.8% | 0.69% | +0.20 |
| TMO Thermo Fisher Scientific Inc. | Add +65.5% | 0.45% | +0.19 |
| QCOM Qualcomm Inc. | Add +43.2% | 0.64% | +0.17 |
| TRV The Travelers Cos Inc. | Add +99.0% | 0.33% | +0.16 |
| MRK Merck & Co. Inc. | Add +25.6% | 0.94% | +0.16 |
| EA Electronic Arts Inc. | Add +271.7% | 0.20% | +0.16 |
| ULTA Ulta Beauty Inc. | Add +70.5% | 0.34% | +0.16 |
| EME Emcor Group Inc. | Add +11.5% | 0.80% | +0.15 |
| KLAC KLA Corp. | Add +5.8% | 0.99% | +0.14 |
| ALL Allstate Corp. | Add +255.0% | 0.19% | +0.14 |
| CAH Cardinal Health Inc. | Add +156.9% | 0.24% | +0.13 |
| APH Amphenol Corp. Class A | Add +76.9% | 0.24% | +0.12 |
| MNST Monster Beverage Corp. | Add +222.2% | 0.17% | +0.12 |
| IDXX Idexx Laboratories Inc. | Add +65.7% | 0.26% | +0.12 |
| APA Apa Corp. | Add +162.8% | 0.16% | +0.11 |
| PEP Pepsico Inc. | Add +73.6% | 0.25% | +0.10 |
| DRI Darden Restaurants Inc. | Add +552.3% | 0.12% | +0.10 |
| CL Colgate-Palmolive Co. | Add +61.4% | 0.36% | +0.08 |
| HESM Hess Midstream LP Class A | Add +224.9% | 0.12% | +0.08 |
| RL Ralph Lauren Corp. | Add +116.9% | 0.13% | +0.08 |
| HMY Harmony Gold MNG-Spon ADR | Add +388.0% | 0.08% | +0.07 |
| FAST Fastenal Co. | Add +149.0% | 0.11% | +0.07 |
| ALV Autoliv Inc. | New | 0.07% | +0.07 |
| NFG National Fuel Gas Co. | Add +11354.5% | 0.07% | +0.07 |
| CMCSA Comcast Corp. Class A | Add +81.2% | 0.20% | +0.06 |
| TJX TJX Companies Inc. | Add +1.6% | 0.76% | +0.06 |
| PWR Quanta Services Inc. | Add +252.8% | 0.09% | +0.06 |
| ELF Elf Beauty Inc. | New | 0.06% | +0.06 |
| CME Cme Group Inc. | Add +167.9% | 0.10% | +0.06 |
| GLXY Galaxy Digital Inc. Class A | New | 0.06% | +0.06 |
| UNP Union Pacific Corp. | Add +27.6% | 0.34% | +0.06 |
| KMB Kimberly-Clark Corp. | Add +202.6% | 0.09% | +0.06 |
| KTOS Kratos Defense & Security | New | 0.06% | +0.06 |
| NTAP Netapp Inc. | Add +19.3% | 0.32% | +0.06 |
| VRSN Verisign Inc. | Add +570.8% | 0.06% | +0.05 |
| VEEV Veeva Systems Inc. Class A | Add +293.4% | 0.07% | +0.05 |
| DG Dollar General Corp. | Add +511.0% | 0.07% | +0.05 |
| TTMI TTM Technologies | New | 0.05% | +0.05 |
| PNC PNC Financial Services Group | Add +159.8% | 0.09% | +0.05 |
| CLSK Cleanspark Inc. | Add +310.5% | 0.06% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 706 | $12.6B | NVDA, AAPL, GOOGL, MSFT, AVGO |
| Q1 2026 | 612 | $9.6B | NVDA, GOOGL, AAPL, MSFT, AVGO |
| Q4 2025 | 654 | $11.3B | NVDA, MSFT, GOOGL, AAPL, AMZN |
| Q3 2025 | 700 | $11.1B | NVDA, MSFT, AAPL, GOOGL, META |
| Q2 2025 | 739 | $10.2B | NVDA, MSFT, AAPL, META, GOOGL |
| Q1 2025 | 909 | $8.9B | NVDA, MSFT, AAPL, GOOGL, META |
| Q4 2024 | 747 | $9.5B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q3 2024 | 571 | $5.8B | NVDA, MSFT, GOOGL, META, UNH |
| Q2 2024 | 632 | $6.1B | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q1 2024 | 720 | $5.3B | MSFT, AAPL, NVDA, GOOGL, UNH |