Cardano Risk Management B.V.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Cardano Risk Management B.V. reported 32 stock positions worth $9.4 billion. Its top holding was Nvidia (NVDA) at 15.5% of the portfolio, followed by Microsoft (MSFT, 12.9%) and Apple (AAPL, 11.5%). Compared with Q2 2025, it opened 5 new positions, added to 21 and reduced 6. The biggest buy was a new position in Palantir Technologies Class A (PLTR) and the biggest sale Visa Class A (V, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- ROTTERDAM, P7
- CIK
- 0001619124
- Portfolio Value
- $9.4B (Q3 2025)
- SEC Filing
- 0001619124-25-000017 ↗ filed Nov 7, 2025
Holdings Value
Holdings 32 stocks · $9.4B
| NVDA Nvidia Corp. | 15.54% | 7,840,421 | $1.5B | Add +2.3% |
| MSFT Microsoft Corp. | 12.86% | 2,336,917 | $1.2B | Add +2.6% |
| AAPL Apple Inc. | 11.46% | 4,238,026 | $1.1B | Add +2.1% |
| AMZN Amazon.com Inc. | 6.64% | 2,844,812 | $624.6M | Add +3.6% |
| GOOG Alphabet Inc. Class C | 4.82% | 1,861,846 | $453.5M | Add +17.0% |
| AVGO Broadcom Inc. | 4.47% | 1,275,099 | $420.7M | Add +2.4% |
| TSLA Tesla Inc. | 3.94% | 834,553 | $371.1M | Add +3.7% |
| GOOGL Alphabet Inc. Class A | 3.93% | 1,520,452 | $369.6M | Reduce -19.2% |
| V Visa Inc. Class A | 3.08% | 848,848 | $289.8M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 2.94% | 876,716 | $276.5M | Add +2.4% |
| MA Mastercard Inc. Class A | 2.56% | 423,462 | $240.9M | Reduce -4.3% |
| BKR Baker Hughes Co. | 2.31% | 4,465,829 | $217.6M | Reduce -9.8% |
| LLY Eli Lilly & Co. | 1.97% | 243,316 | $185.7M | Add +2.9% |
| NFLX Netflix Inc. | 1.77% | 139,323 | $167.0M | Add +0.4% |
| COST Costco Wholesale Corp. | 1.74% | 177,247 | $164.1M | Add +6.8% |
| WELL Welltower Inc. | 1.71% | 901,524 | $160.6M | Add +7.7% |
| ORCL Oracle Corp. | 1.52% | 508,076 | $142.9M | Add +2.0% |
| HD Home Depot Inc. | 1.41% | 328,561 | $133.1M | Add +2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.36% | 2,473,714 | $127.6M | Add +3.3% |
| ABBV Abbvie Inc. | 1.32% | 536,670 | $124.3M | Add +2.4% |
| BKNG Booking Holdings Inc. | 1.30% | 22,669 | $122.4M | Add +7.2% |
| PG The Procter & Gamble Co. | 1.29% | 790,314 | $121.4M | Add +1.2% |
| PLTR Palantir Technologies Inc. Class A | 1.25% | 647,287 | $118.1M | New |
| PLD Prologis Inc. | 1.24% | 1,021,463 | $117.0M | Add +6.0% |
| ADP Automatic Data Processing | 1.06% | 339,325 | $99.6M | New |
| KO The Coca-Cola Co. | 1.05% | 1,492,231 | $99.0M | New |
| CSCO Cisco Systems Inc. | 1.03% | 1,415,849 | $96.9M | New |
| NOW ServiceNow Inc. | 1.02% | 104,817 | $96.5M | Add +4.1% |
| UNH Unitedhealth Group Inc. | 0.96% | 261,694 | $90.4M | Reduce -0.6% |
| CRM Salesforce Inc. | 0.95% | 379,005 | $89.8M | Add +5.5% |
| SPGI S&P Global Inc. | 0.95% | 183,686 | $89.4M | New |
| FISV Fiserv Inc. | 0.55% | 401,168 | $51.7M | Reduce -10.4% |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
| PLTR Palantir Technologies Inc. Class A | New | 1.25% | +1.25 |
| GOOG Alphabet Inc. Class C | Add +17.0% | 4.82% | +1.23 |
| ADP Automatic Data Processing | New | 1.06% | +1.06 |
| KO The Coca-Cola Co. | New | 1.05% | +1.05 |
| CSCO Cisco Systems Inc. | New | 1.03% | +1.03 |
| SPGI S&P Global Inc. | New | 0.95% | +0.95 |
| TSLA Tesla Inc. | Add +3.7% | 3.94% | +0.67 |
| AAPL Apple Inc. | Add +2.1% | 11.46% | +0.56 |
| ORCL Oracle Corp. | Add +2.0% | 1.52% | +0.12 |
| ABBV Abbvie Inc. | Add +2.4% | 1.32% | +0.07 |
| AVGO Broadcom Inc. | Add +2.4% | 4.47% | +0.07 |
| WELL Welltower Inc. | Add +7.7% | 1.71% | +0.06 |
| NVDA Nvidia Corp. | Add +2.3% | 15.54% | +0.04 |
| PLD Prologis Inc. | Add +6.0% | 1.24% | −0.05 |
| HD Home Depot Inc. | Add +2.4% | 1.41% | −0.09 |
| BAC Bank of America Corp. | Add +3.3% | 1.36% | −0.10 |
| JPM JPMorgan Chase & Co. | Add +2.4% | 2.94% | −0.24 |
| BKNG Booking Holdings Inc. | Add +7.2% | 1.30% | −0.27 |
| CRM Salesforce Inc. | Add +5.5% | 0.95% | −0.30 |
| NOW ServiceNow Inc. | Add +4.1% | 1.02% | −0.30 |
| PG The Procter & Gamble Co. | Add +1.2% | 1.29% | −0.30 |
| COST Costco Wholesale Corp. | Add +6.8% | 1.74% | −0.36 |
| LLY Eli Lilly & Co. | Add +2.9% | 1.97% | −0.39 |
| NFLX Netflix Inc. | Add +0.4% | 1.77% | −0.60 |
| AMZN Amazon.com Inc. | Add +3.6% | 6.64% | −1.07 |
| MSFT Microsoft Corp. | Add +2.6% | 12.86% | −1.65 |
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 |