BI Asset Management Fondsmaeglerselskab A/S
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), BI Asset Management Fondsmaeglerselskab A/S reported 654 stock positions worth $11.3 billion. Its top holding was Nvidia (NVDA) at 7.7% of the portfolio, followed by Microsoft (MSFT, 5.9%) and Alphabet Class A (GOOGL, 5.7%). Compared with Q3 2025, it opened 34 new positions, sold out of 82, added to 257 and reduced 337. The biggest buy was Alphabet Class A (GOOGL, shares +11%) and the biggest sale Meta Platforms Class A (META, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- KOBENHAVN, G7
- CIK
- 0001778131
- Portfolio Value
- $11.3B (Q4 2025)
- SEC Filing
- 0001778131-26-000003 ↗ filed Feb 11, 2026
Holdings Value
Holdings 654 stocks · $11.3B
| NVDA Nvidia Corp. | 7.72% | 4,740,665 | $874.3M | Reduce -1.4% |
| MSFT Microsoft Corp. | 5.88% | 1,399,840 | $666.7M | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 5.68% | 2,082,693 | $643.1M | Add +11.4% |
| AAPL Apple Inc. | 5.46% | 2,299,778 | $618.2M | Add +7.3% |
| AMZN Amazon.com Inc. | 3.02% | 1,518,943 | $342.4M | Add +4.7% |
| AVGO Broadcom Inc. | 2.75% | 907,200 | $311.4M | Add +27.4% |
| META Meta Platforms Inc. Class A | 2.60% | 451,151 | $295.0M | Reduce -16.7% |
| JPM JPMorgan Chase & Co. | 2.01% | 710,934 | $228.0M | Reduce -3.2% |
| LLY Eli Lilly & Co. | 1.63% | 172,523 | $184.4M | Add +37.3% |
| MA Mastercard Inc. Class A | 1.56% | 310,275 | $177.1M | Add +5.7% |
| V Visa Inc. Class A | 1.45% | 482,024 | $164.6M | Reduce -1.4% |
| MRK Merck & Co. Inc. | 1.25% | 1,357,299 | $141.5M | Add +8.9% |
| KLAC KLA Corp. | 0.99% | 92,217 | $112.1M | Reduce -9.0% |
| AMAT Applied Materials Inc. | 0.99% | 435,838 | $112.0M | Reduce -8.9% |
| WMT Walmart Inc. | 0.97% | 981,871 | $109.4M | Add +12.8% |
| TSLA Tesla Inc. | 0.95% | 240,118 | $108.0M | Reduce -5.1% |
| NEM Newmont Corp. | 0.90% | 1,023,584 | $102.2M | Reduce -21.4% |
| JNJ Johnson & Johnson | 0.83% | 452,586 | $93.7M | Add +10.0% |
| CSCO Cisco Systems Inc. | 0.80% | 1,209,428 | $90.4M | Reduce -23.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.80% | 586,727 | $90.1M | Add +1.4% |
| PG The Procter & Gamble Co. | 0.79% | 646,653 | $89.8M | Add +40.7% |
| KO The Coca-Cola Co. | 0.77% | 1,247,166 | $87.2M | Reduce -15.7% |
| COST Costco Wholesale Corp. | 0.76% | 100,267 | $86.5M | Reduce -5.4% |
| ANET Arista Networks Inc. | 0.70% | 606,480 | $79.5M | Reduce -8.4% |
| EME Emcor Group Inc. | 0.68% | 126,642 | $77.5M | Reduce -6.8% |
| MU Micron Technology Inc. | 0.67% | 266,055 | $75.9M | Add +44.3% |
| MELI MercadoLibre Inc. | 0.66% | 37,373 | $75.3M | Reduce -15.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.59% | 224,134 | $66.4M | Add +21.5% |
| ABBV Abbvie Inc. | 0.58% | 287,021 | $65.6M | Reduce -32.9% |
| TSCO Tractor Supply Company | 0.56% | 1,278,292 | $63.9M | Add +31.6% |
| TMO Thermo Fisher Scientific Inc. | 0.55% | 111,303 | $61.9M | Add +3.1% |
| PGR Progressive Corp. | 0.52% | 256,949 | $58.5M | Reduce -29.7% |
| NEE Nextera Energy Inc. | 0.50% | 752,275 | $56.9M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.50% | 112,553 | $56.6M | Add +5.0% |
| EBAY eBay Inc. | 0.50% | 647,914 | $56.4M | Reduce -2.8% |
| VZ Verizon Communications Inc. | 0.49% | 1,373,277 | $55.9M | Reduce -22.3% |
| GILD Gilead Sciences Inc. | 0.49% | 453,467 | $55.7M | Reduce -5.1% |
| ADBE Adobe Inc. | 0.47% | 152,613 | $53.4M | Reduce -0.8% |
| AMP Ameriprise Financial Inc. | 0.44% | 101,894 | $50.0M | Add +8.8% |
| CAT Caterpillar Inc. | 0.43% | 84,883 | $48.6M | Reduce -2.8% |
| PLTR Palantir Technologies Inc. Class A | 0.43% | 272,929 | $48.5M | Add +7.3% |
| NTES Netease Inc.-ADR | 0.41% | 339,869 | $46.8M | Reduce -2.7% |
| WDC Western Digital Corp. | 0.40% | 263,008 | $45.3M | Add +345.9% |
| GM General Motors Co. | 0.40% | 555,113 | $45.1M | Reduce -38.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.40% | 528,106 | $45.1M | Reduce -22.1% |
| ALL Allstate Corp. | 0.39% | 214,480 | $44.6M | Add +117.8% |
| PEP Pepsico Inc. | 0.39% | 310,932 | $44.6M | Add +60.2% |
| WFC Wells Fargo & Co. | 0.39% | 476,406 | $44.4M | Add +55.7% |
| QCOM Qualcomm Inc. | 0.39% | 257,861 | $44.1M | Reduce -39.1% |
| CMI Cummins Inc. | 0.39% | 85,593 | $43.7M | Add +576.4% |
| HIG Hartford Insurance Group Inc. | 0.38% | 314,406 | $43.3M | Add +21.7% |
| AMD Advanced Micro Devices | 0.38% | 200,241 | $42.9M | Add +1.9% |
| ORCL Oracle Corp. | 0.37% | 217,879 | $42.5M | Reduce -32.7% |
| HCA HCA Healthcare Inc. | 0.37% | 90,377 | $42.2M | Reduce -37.1% |
| DAL Delta Air Lines Inc. | 0.37% | 606,344 | $42.1M | Add +219.0% |
| GSK GSK PLC-Spon ADR | 0.37% | 854,331 | $41.9M | Add +2032.8% |
| ADSK Autodesk Inc. | 0.36% | 137,241 | $40.6M | Add +5.0% |
| UNP Union Pacific Corp. | 0.36% | 174,346 | $40.3M | Add +8.3% |
| INTU Intuit Inc. | 0.35% | 59,996 | $39.7M | Reduce -26.4% |
| ELV Elevance Health Inc. | 0.34% | 117,966 | $38.7M | Reduce -18.9% |
| KKR KKR & Co. Inc. | 0.34% | 298,664 | $38.1M | Add +10.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 689,467 | $37.9M | Add +60.7% |
| MCO Moody's Corp. | 0.33% | 73,043 | $37.3M | Add +221.2% |
| CRM Salesforce Inc. | 0.33% | 140,736 | $37.3M | Add +15.2% |
| TMUS T-Mobile US Inc. | 0.33% | 181,552 | $36.9M | Reduce -4.8% |
| UNH Unitedhealth Group Inc. | 0.32% | 116,024 | $36.7M | Add +6.1% |
| TRV The Travelers Cos Inc. | 0.32% | 129,787 | $36.2M | Reduce -4.9% |
| XYL Xylem Inc. | 0.32% | 270,104 | $35.8M | Add +88.4% |
| NFLX Netflix Inc. | 0.31% | 378,561 | $35.5M | Reduce -27.0% |
| APP AppLovin Corp. Class A | 0.31% | 51,499 | $34.7M | Reduce -1.7% |
| ZTS Zoetis Inc. | 0.30% | 272,180 | $34.2M | Reduce -27.3% |
| CL Colgate-Palmolive Co. | 0.29% | 421,484 | $33.3M | Reduce -15.6% |
| SPGI S&P Global Inc. | 0.29% | 69,631 | $33.3M | Reduce -6.9% |
| ISRG Intuitive Surgical Inc. | 0.28% | 56,803 | $32.2M | Add +37.4% |
| C Citigroup Inc. | 0.28% | 274,758 | $32.1M | Add +27.1% |
| UBER Uber Technologies Inc. | 0.28% | 390,975 | $31.9M | Reduce -14.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 278,772 | $31.7M | Reduce -6.4% |
| SYY Sysco Corp. | 0.28% | 423,710 | $31.2M | Add +48.3% |
| AXP American Express Co. | 0.27% | 84,056 | $31.1M | Reduce -8.2% |
| HD Home Depot Inc. | 0.27% | 89,156 | $30.7M | Add +7.5% |
| CAH Cardinal Health Inc. | 0.27% | 148,793 | $30.6M | Reduce -10.7% |
| ECL Ecolab Inc. | 0.26% | 110,148 | $28.9M | Reduce -3.4% |
| XOM Exxon Mobil Corp. | 0.25% | 239,622 | $28.8M | Add +9.3% |
| LOW Lowe's Cos Inc. | 0.25% | 130,171 | $28.6M | Reduce -2.6% |
| HDB HDFC Bank Ltd.-ADR | 0.25% | 778,444 | $28.4M | Reduce -20.7% |
| AMT American Tower Corp. | 0.25% | 180,732 | $28.4M | Reduce -0.2% |
| CVS CVS Health Corp. | 0.25% | 373,299 | $28.1M | Reduce -3.3% |
| NTAP Netapp Inc. | 0.24% | 258,590 | $27.7M | Reduce -13.5% |
| FOXA Fox Corp. Class A | 0.24% | 377,731 | $27.6M | Add +150.9% |
| URBN Urban Outfitters Inc. | 0.24% | 355,747 | $26.8M | Add +27.2% |
| FTNT Fortinet Inc. | 0.23% | 333,307 | $26.5M | Add +568.4% |
| APH Amphenol Corp. Class A | 0.23% | 189,807 | $25.7M | Reduce -10.9% |
| AVY Avery Dennison Corp. | 0.22% | 156,653 | $25.4M | Reduce -7.6% |
| CMS CMS Energy Corp. | 0.22% | 362,665 | $25.4M | Reduce -18.1% |
| COF Capital One Financial Corp. | 0.22% | 103,892 | $25.2M | Add +98.4% |
| PDD PDD Holdings Inc. | 0.22% | 221,109 | $25.1M | Add +23.4% |
| AMGN Amgen Inc. | 0.22% | 76,491 | $25.0M | Reduce -18.1% |
| ADP Automatic Data Processing | 0.22% | 97,223 | $25.0M | Reduce -43.5% |
| PAYX Paychex Inc. | 0.22% | 235,071 | $24.7M | Reduce -28.1% |
| SCI Service Corp. International | 0.22% | 356,316 | $24.5M | Reduce -6.5% |
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -16.7% | 2.60% | −0.96 |
| ORCL Oracle Corp. | Reduce -32.7% | 0.37% | −0.45 |
| ABBV Abbvie Inc. | Reduce -32.9% | 0.58% | −0.32 |
| PGR Progressive Corp. | Reduce -29.7% | 0.52% | −0.30 |
| NVDA Nvidia Corp. | Reduce -1.4% | 7.72% | −0.29 |
| COR Cencora Inc. | Reduce -69.8% | 0.13% | −0.28 |
| MELI MercadoLibre Inc. | Reduce -15.1% | 0.66% | −0.26 |
| NFLX Netflix Inc. | Reduce -27.0% | 0.31% | −0.25 |
| QCOM Qualcomm Inc. | Reduce -39.1% | 0.39% | −0.25 |
| CALM Cal-Maine Foods Inc. | Reduce -66.4% | 0.09% | −0.24 |
| ADP Automatic Data Processing | Reduce -43.5% | 0.22% | −0.24 |
| VZ Verizon Communications Inc. | Reduce -22.3% | 0.49% | −0.21 |
| ZTS Zoetis Inc. | Reduce -27.3% | 0.30% | −0.19 |
| EA Electronic Arts Inc. | Reduce -89.1% | 0.02% | −0.18 |
| HCA HCA Healthcare Inc. | Reduce -37.1% | 0.37% | −0.18 |
| ANET Arista Networks Inc. | Reduce -8.4% | 0.70% | −0.17 |
| ICE Intercontinental Exchange Inc. | Reduce -77.2% | 0.04% | −0.16 |
| INTU Intuit Inc. | Reduce -26.4% | 0.35% | −0.15 |
| CSCO Cisco Systems Inc. | Reduce -23.1% | 0.80% | −0.15 |
| SNPS Synopsys Inc. | Reduce -37.2% | 0.20% | −0.14 |
| PAYX Paychex Inc. | Reduce -28.1% | 0.22% | −0.14 |
| FISV Fiserv Inc. | Reduce -0.8% | 0.14% | −0.14 |
| ULTA Ulta Beauty Inc. | Reduce -44.1% | 0.21% | −0.14 |
| ACM Aecom | Reduce -94.6% | 0.01% | −0.13 |
| CTAS Cintas Corp. | Reduce -75.8% | 0.03% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -5.4% | 0.76% | −0.12 |
| UBER Uber Technologies Inc. | Reduce -14.4% | 0.28% | −0.12 |
| KO The Coca-Cola Co. | Reduce -15.7% | 0.77% | −0.12 |
| EME Emcor Group Inc. | Reduce -6.8% | 0.68% | −0.11 |
| GM General Motors Co. | Reduce -38.8% | 0.40% | −0.10 |
| HWM Howmet Aerospace Inc. | Reduce -59.5% | 0.07% | −0.10 |
| SHW The Sherwin-Williams Co. | Reduce -69.6% | 0.04% | −0.10 |
| WCN Waste Connections Inc. | Reduce -91.8% | 0.01% | −0.09 |
| NEM Newmont Corp. | Reduce -21.4% | 0.90% | −0.09 |
| IDCC Interdigital Inc. | Reduce -28.0% | 0.16% | −0.09 |
| TMUS T-Mobile US Inc. | Reduce -4.8% | 0.33% | −0.09 |
| HESM Hess Midstream LP Class A | Reduce -63.5% | 0.04% | −0.08 |
| IDXX Idexx Laboratories Inc. | Reduce -33.0% | 0.18% | −0.08 |
| RL Ralph Lauren Corp. | Reduce -61.0% | 0.06% | −0.08 |
| NTAP Netapp Inc. | Reduce -13.5% | 0.24% | −0.08 |
| CMCSA Comcast Corp. Class A | Reduce -31.7% | 0.13% | −0.07 |
| EQH Equitable Holdings Inc. | Reduce -92.9% | 0.01% | −0.07 |
| FAST Fastenal Co. | Reduce -56.8% | 0.04% | −0.07 |
| BSX Boston Scientific Corp. | Reduce -36.5% | 0.11% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -3.2% | 2.01% | −0.07 |
| ROK Rockwell Automation Inc. | Reduce -65.3% | 0.04% | −0.07 |
| ALV Autoliv Inc. | Sold out | 0.00% | −0.07 |
| CF CF Industries Holdings Inc. | Reduce -37.3% | 0.08% | −0.07 |
| CL Colgate-Palmolive Co. | Reduce -15.6% | 0.29% | −0.07 |
| PYPL PayPal Holdings Inc. | Reduce -17.8% | 0.16% | −0.07 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +11.4% | 5.68% | +1.64 |
| LLY Eli Lilly & Co. | Add +37.3% | 1.63% | +0.77 |
| AVGO Broadcom Inc. | Add +27.4% | 2.75% | +0.65 |
| AAPL Apple Inc. | Add +7.3% | 5.46% | +0.59 |
| MU Micron Technology Inc. | Add +44.3% | 0.67% | +0.39 |
| GSK GSK PLC-Spon ADR | Add +2032.8% | 0.37% | +0.35 |
| CMI Cummins Inc. | Add +576.4% | 0.39% | +0.34 |
| WDC Western Digital Corp. | Add +345.9% | 0.40% | +0.34 |
| MRK Merck & Co. Inc. | Add +8.9% | 1.25% | +0.31 |
| DAL Delta Air Lines Inc. | Add +219.0% | 0.37% | +0.27 |
| MCO Moody's Corp. | Add +221.2% | 0.33% | +0.23 |
| AMZN Amazon.com Inc. | Add +4.7% | 3.02% | +0.22 |
| ALL Allstate Corp. | Add +117.8% | 0.39% | +0.20 |
| FTNT Fortinet Inc. | Add +568.4% | 0.23% | +0.20 |
| PG The Procter & Gamble Co. | Add +40.7% | 0.79% | +0.18 |
| WFC Wells Fargo & Co. | Add +55.7% | 0.39% | +0.16 |
| FOXA Fox Corp. Class A | Add +150.9% | 0.24% | +0.16 |
| WMT Walmart Inc. | Add +12.8% | 0.97% | +0.16 |
| PEP Pepsico Inc. | Add +60.2% | 0.39% | +0.15 |
| JNJ Johnson & Johnson | Add +10.0% | 0.83% | +0.14 |
| BAC Bank of America Corp. | Add +60.7% | 0.33% | +0.13 |
| INCY Incyte Corp. | Add +1265.2% | 0.13% | +0.13 |
| XYL Xylem Inc. | Add +88.4% | 0.32% | +0.13 |
| COF Capital One Financial Corp. | Add +98.4% | 0.22% | +0.12 |
| DECK Deckers Outdoor Corp. | Add +176.2% | 0.18% | +0.12 |
| HUBB Hubbell Inc. | Add +826.6% | 0.13% | +0.12 |
| ISRG Intuitive Surgical Inc. | Add +37.4% | 0.28% | +0.12 |
| IBM Intl Business Machines Corp. | Add +21.5% | 0.59% | +0.12 |
| ROST Ross Stores Inc. | Add +155.7% | 0.17% | +0.11 |
| TMO Thermo Fisher Scientific Inc. | Add +3.1% | 0.55% | +0.10 |
| AMD Advanced Micro Devices | Add +1.9% | 0.38% | +0.09 |
| PH Parker Hannifin Corp. | Add +83.7% | 0.17% | +0.09 |
| UAL United Airlines Holdings Inc. | Add +74.5% | 0.18% | +0.09 |
| C Citigroup Inc. | Add +27.1% | 0.28% | +0.08 |
| BA The Boeing Co. | Add +104.9% | 0.17% | +0.08 |
| BAP Credicorp Ltd. | Add +149.1% | 0.12% | +0.08 |
| HSY The Hershey Co. | Add +88.0% | 0.17% | +0.08 |
| IT Gartner Inc. | Add +1145.6% | 0.08% | +0.07 |
| HIG Hartford Insurance Group Inc. | Add +21.7% | 0.38% | +0.07 |
| PNC PNC Financial Services Group | Add +77.4% | 0.15% | +0.07 |
| CRM Salesforce Inc. | Add +15.2% | 0.33% | +0.07 |
| TSCO Tractor Supply Company | Add +31.6% | 0.56% | +0.07 |
| SYY Sysco Corp. | Add +48.3% | 0.28% | +0.06 |
| FIX Comfort Systems USA Inc. | Add +228.2% | 0.09% | +0.06 |
| RELX Relx PLC - Spon ADR | New | 0.06% | +0.06 |
| LDOS Leidos Holdings Inc. | Add +497.4% | 0.07% | +0.06 |
| URBN Urban Outfitters Inc. | Add +27.2% | 0.24% | +0.06 |
| MA Mastercard Inc. Class A | Add +5.7% | 1.56% | +0.06 |
| CIEN Ciena Corp. | New | 0.05% | +0.05 |
| PTCT PTC Therapeutics Inc. | Add +67.9% | 0.11% | +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 |