Cardano Risk Management B.V.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), Cardano Risk Management B.V. reported 27 stock positions worth $7.8 billion. Its top holding was Nvidia (NVDA) at 15.5% of the portfolio, followed by Microsoft (MSFT, 14.5%) and Apple (AAPL, 10.9%). Compared with Q1 2025, it opened 3 new positions, sold out of 1, added to 22 and reduced 2. The biggest buy was Nvidia (NVDA, shares +5%) and the biggest sale an exit from Merck (MRK).
- Most Recent 13F
- Q2 2026
- Location
- ROTTERDAM, P7
- CIK
- 0001619124
- Portfolio Value
- $7.8B (Q2 2025)
- SEC Filing
- 0001619124-25-000010 ↗ filed Jul 24, 2025
Holdings Value
Holdings 27 stocks · $7.8B
| NVDA Nvidia Corp. | 15.50% | 7,662,543 | $1.2B | Add +5.0% |
| MSFT Microsoft Corp. | 14.51% | 2,278,296 | $1.1B | Add +3.1% |
| AAPL Apple Inc. | 10.90% | 4,152,231 | $851.9M | Add +4.5% |
| AMZN Amazon.com Inc. | 7.71% | 2,745,630 | $602.4M | Add +8.6% |
| AVGO Broadcom Inc. | 4.39% | 1,245,419 | $343.3M | Add +5.6% |
| GOOGL Alphabet Inc. Class A | 4.27% | 1,880,941 | $333.7M | Add +24.5% |
| V Visa Inc. Class A | 3.91% | 860,880 | $305.7M | Add +2.4% |
| GOOG Alphabet Inc. Class C | 3.59% | 1,591,352 | $280.4M | Reduce -13.9% |
| TSLA Tesla Inc. | 3.27% | 804,599 | $255.6M | Add +5.3% |
| MA Mastercard Inc. Class A | 3.18% | 442,244 | $248.5M | Add +4.6% |
| JPM JPMorgan Chase & Co. | 3.18% | 856,259 | $248.2M | Add +5.3% |
| BKR Baker Hughes Co. | 2.43% | 4,949,808 | $189.8M | Add +20.4% |
| NFLX Netflix Inc. | 2.38% | 138,771 | $185.8M | Add +7.5% |
| LLY Eli Lilly & Co. | 2.36% | 236,517 | $184.4M | Add +5.2% |
| COST Costco Wholesale Corp. | 2.10% | 165,924 | $164.3M | Add +5.9% |
| WELL Welltower Inc. | 1.65% | 837,165 | $128.7M | Add +27.1% |
| PG The Procter & Gamble Co. | 1.59% | 781,181 | $124.5M | Add +4.4% |
| BKNG Booking Holdings Inc. | 1.57% | 21,155 | $122.5M | New |
| HD Home Depot Inc. | 1.51% | 320,913 | $117.7M | Add +3.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.45% | 2,395,852 | $113.4M | New |
| ORCL Oracle Corp. | 1.39% | 498,177 | $108.9M | New |
| NOW ServiceNow Inc. | 1.32% | 100,667 | $103.5M | Add +5.5% |
| PLD Prologis Inc. | 1.30% | 963,891 | $101.3M | Add +6.3% |
| CRM Salesforce Inc. | 1.25% | 359,148 | $97.9M | Add +5.7% |
| ABBV Abbvie Inc. | 1.25% | 524,041 | $97.3M | Add +6.1% |
| UNH Unitedhealth Group Inc. | 1.05% | 263,367 | $82.2M | Add +2.4% |
| FISV Fiserv Inc. | 0.99% | 447,541 | $77.2M | Reduce -0.6% |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +5.0% | 15.50% | +2.92 |
| BKNG Booking Holdings Inc. | New | 1.57% | +1.57 |
| BAC Bank of America Corp. | New | 1.45% | +1.45 |
| ORCL Oracle Corp. | New | 1.39% | +1.39 |
| MSFT Microsoft Corp. | Add +3.1% | 14.51% | +1.31 |
| AVGO Broadcom Inc. | Add +5.6% | 4.39% | +1.26 |
| GOOGL Alphabet Inc. Class A | Add +24.5% | 4.27% | +0.56 |
| NFLX Netflix Inc. | Add +7.5% | 2.38% | +0.46 |
| TSLA Tesla Inc. | Add +5.3% | 3.27% | +0.12 |
| NOW ServiceNow Inc. | Add +5.5% | 1.32% | +0.12 |
| AMZN Amazon.com Inc. | Add +8.6% | 7.71% | +0.06 |
| WELL Welltower Inc. | Add +27.1% | 1.65% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +5.3% | 3.18% | +0.01 |
| CRM Salesforce Inc. | Add +5.7% | 1.25% | −0.20 |
| COST Costco Wholesale Corp. | Add +5.9% | 2.10% | −0.25 |
| HD Home Depot Inc. | Add +3.0% | 1.51% | −0.31 |
| PLD Prologis Inc. | Add +6.3% | 1.30% | −0.31 |
| ABBV Abbvie Inc. | Add +6.1% | 1.25% | −0.40 |
| PG The Procter & Gamble Co. | Add +4.4% | 1.59% | −0.43 |
| BKR Baker Hughes Co. | Add +20.4% | 2.43% | −0.44 |
| MA Mastercard Inc. Class A | Add +4.6% | 3.18% | −0.50 |
| LLY Eli Lilly & Co. | Add +5.2% | 2.36% | −0.59 |
| V Visa Inc. Class A | Add +2.4% | 3.91% | −0.77 |
| UNH Unitedhealth Group Inc. | Add +2.4% | 1.05% | −1.09 |
| AAPL Apple Inc. | Add +4.5% | 10.90% | −3.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 52 | $13.0B | NVDA, AAPL, MSFT, AMZN, GOOG |
| Q1 2026 | 44 | $10.2B | NVDA, AAPL, MSFT, AMZN, GOOG |
| Q4 2025Amended | 35 | $9.9B | NVDA, AAPL, MSFT, AMZN, GOOG |
| Q3 2025 | 32 | $9.4B | NVDA, MSFT, AAPL, AMZN, GOOG |
| Q2 2025 | 27 | $7.8B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q1 2025 | 25 | $6.3B | AAPL, MSFT, NVDA, AMZN, V |
| Q4 2024 | 23 | $6.5B | AAPL, NVDA, MSFT, AMZN, TSLA |
| Q3 2024 | 19 | $5.7B | MSFT, AAPL, NVDA, AMZN, GOOG |
| Q2 2024 | 17 | $5.1B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2024 | 13 | $3.2B | MSFT, AAPL, NVDA, AMZN, GOOGL |