Cardano Risk Management B.V.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 20, 2026), Cardano Risk Management B.V. reported 44 stock positions worth $10.2 billion. Its top holding was Nvidia (NVDA) at 13.8% of the portfolio, followed by Apple (AAPL, 10.9%) and Microsoft (MSFT, 8.8%). Compared with Q4 2025, it opened 9 new positions, added to 25 and reduced 10. The biggest buy was a new position in Applied Materials (AMAT) and the biggest sale Visa Class A (V, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- ROTTERDAM, P7
- CIK
- 0001619124
- Portfolio Value
- $10.2B (Q1 2026)
- SEC Filing
- 0001619124-26-000003 ↗ filed Apr 20, 2026
Holdings Value
Holdings 44 stocks · $10.2B
| NVDA Nvidia Corp. | 13.77% | 8,074,438 | $1.4B | Add +3.4% |
| AAPL Apple Inc. | 10.89% | 4,387,962 | $1.1B | Add +4.5% |
| MSFT Microsoft Corp. | 8.78% | 2,424,306 | $897.4M | Add +2.9% |
| AMZN Amazon.com Inc. | 5.92% | 2,907,437 | $605.5M | Add +4.3% |
| GOOG Alphabet Inc. Class C | 5.19% | 1,850,462 | $530.8M | Add +4.6% |
| GOOGL Alphabet Inc. Class A | 4.34% | 1,541,879 | $443.4M | Add +6.2% |
| AVGO Broadcom Inc. | 4.00% | 1,319,930 | $408.5M | Add +4.0% |
| TSLA Tesla Inc. | 3.12% | 859,510 | $319.5M | Add +4.8% |
| JPM JPMorgan Chase & Co. | 2.55% | 888,058 | $261.2M | Add +2.4% |
| V Visa Inc. Class A | 2.36% | 799,547 | $241.7M | Reduce -2.7% |
| LLY Eli Lilly & Co. | 2.26% | 250,841 | $230.7M | Add +5.6% |
| BKR Baker Hughes Co. | 2.24% | 3,752,052 | $229.1M | Reduce -24.0% |
| MA Mastercard Inc. Class A | 1.97% | 402,662 | $201.2M | Reduce -1.1% |
| WELL Welltower Inc. | 1.93% | 997,300 | $197.2M | Add +4.8% |
| COST Costco Wholesale Corp. | 1.82% | 187,243 | $186.6M | Add +4.9% |
| PLD Prologis Inc. | 1.53% | 1,182,310 | $156.3M | Add +5.3% |
| NFLX Netflix Inc. | 1.39% | 1,482,395 | $142.5M | Add +9.1% |
| LRCX Lam Research Corp. | 1.36% | 652,032 | $139.3M | Reduce -3.8% |
| PG The Procter & Gamble Co. | 1.34% | 949,791 | $137.2M | Reduce -0.3% |
| AMAT Applied Materials Inc. | 1.28% | 382,307 | $130.7M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.27% | 2,654,169 | $129.4M | Add +5.8% |
| ABBV Abbvie Inc. | 1.22% | 536,670 | $124.3M | Reduce -1.4% |
| MRK Merck & Co. Inc. | 1.15% | 979,681 | $117.8M | Add +1.9% |
| KO The Coca-Cola Co. | 1.14% | 1,536,524 | $116.9M | Add +6.5% |
| VZ Verizon Communications Inc. | 1.13% | 2,292,657 | $115.1M | New |
| MU Micron Technology Inc. | 1.11% | 336,884 | $113.8M | New |
| HD Home Depot Inc. | 1.11% | 345,358 | $113.6M | Add +5.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.05% | 671,638 | $107.3M | New |
| CISCO SYSTEMS | 1.05% | 1,379,499 | $107.0M | Add +2.9% |
| KLAC KLA Corp. | 1.02% | 70,710 | $104.1M | New |
| PLTR Palantir Technologies Inc. Class A | 1.00% | 697,616 | $102.0M | Add +5.9% |
| LINDE PLC | 0.99% | 204,135 | $101.2M | New |
| GS Goldman Sachs Group Inc. | 0.96% | 116,003 | $98.1M | New |
| AMD Advanced Micro Devices | 0.95% | 479,647 | $97.6M | Add +2.6% |
| AMGN Amgen Inc. | 0.95% | 274,717 | $96.7M | New |
| MS Morgan Stanley | 0.89% | 554,412 | $91.2M | New |
| BKNG Booking Holdings Inc. | 0.85% | 20,673 | $87.0M | Reduce -5.2% |
| ORCL Oracle Corp. | 0.74% | 515,959 | $75.9M | Add +3.4% |
| CRM Salesforce Inc. | 0.72% | 396,006 | $73.9M | Add +2.0% |
| ADP Automatic Data Processing | 0.70% | 353,771 | $71.9M | Reduce -0.7% |
| SPGI S&P Global Inc. | 0.69% | 166,707 | $70.9M | Reduce -5.3% |
| UNH Unitedhealth Group Inc. | 0.69% | 259,094 | $70.1M | Add +2.7% |
| NOW ServiceNow Inc. | 0.46% | 453,666 | $47.4M | Reduce -7.7% |
| FISV Fiserv Inc. | 0.12% | 219,365 | $12.2M | Add +1.0% |
Portfolio Sells Q4 2025 → Q1 2026
| V Visa Inc. Class A | Reduce -2.7% | 2.36% | −0.53 |
| MA Mastercard Inc. Class A | Reduce -1.1% | 1.97% | −0.37 |
| BKNG Booking Holdings Inc. | Reduce -5.2% | 0.85% | −0.32 |
| NOW ServiceNow Inc. | Reduce -7.7% | 0.46% | −0.29 |
| SPGI S&P Global Inc. | Reduce -5.3% | 0.69% | −0.23 |
| ADP Automatic Data Processing | Reduce -0.7% | 0.70% | −0.22 |
| ABBV Abbvie Inc. | Reduce -1.4% | 1.22% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -0.3% | 1.34% | −0.03 |
| BKR Baker Hughes Co. | Reduce -24.0% | 2.24% | −0.02 |
| LRCX Lam Research Corp. | Reduce -3.8% | 1.36% | +0.19 |
Portfolio Buys Q4 2025 → Q1 2026
| AMAT Applied Materials Inc. | New | 1.28% | +1.28 |
| VZ Verizon Communications Inc. | New | 1.13% | +1.13 |
| MU Micron Technology Inc. | New | 1.11% | +1.11 |
| TJX TJX Companies Inc. | New | 1.05% | +1.05 |
| KLAC KLA Corp. | New | 1.02% | +1.02 |
| LINDE PLC | New | 0.99% | +0.99 |
| GS Goldman Sachs Group Inc. | New | 0.96% | +0.96 |
| AMGN Amgen Inc. | New | 0.95% | +0.95 |
| MS Morgan Stanley | New | 0.89% | +0.89 |
| COST Costco Wholesale Corp. | Add +4.9% | 1.82% | +0.28 |
| WELL Welltower Inc. | Add +4.8% | 1.93% | +0.15 |
| MRK Merck & Co. Inc. | Add +1.9% | 1.15% | +0.13 |
| KO The Coca-Cola Co. | Add +6.5% | 1.14% | +0.13 |
| NFLX Netflix Inc. | Add +9.1% | 1.39% | +0.11 |
| PLD Prologis Inc. | Add +5.3% | 1.53% | +0.09 |
| CISCO SYSTEMS | Add +2.9% | 1.05% | +0.01 |
| HD Home Depot Inc. | Add +5.0% | 1.11% | −0.03 |
| AMD Advanced Micro Devices | Add +2.6% | 0.95% | −0.05 |
| BAC Bank of America Corp. | Add +5.8% | 1.27% | −0.12 |
| UNH Unitedhealth Group Inc. | Add +2.7% | 0.69% | −0.15 |
| PLTR Palantir Technologies Inc. Class A | Add +5.9% | 1.00% | −0.18 |
| ORCL Oracle Corp. | Add +3.4% | 0.74% | −0.24 |
| GOOGL Alphabet Inc. Class A | Add +6.2% | 4.34% | −0.24 |
| JPM JPMorgan Chase & Co. | Add +2.4% | 2.55% | −0.26 |
| LLY Eli Lilly & Co. | Add +5.6% | 2.26% | −0.31 |
| CRM Salesforce Inc. | Add +2.0% | 0.72% | −0.31 |
| GOOG Alphabet Inc. Class C | Add +4.6% | 5.19% | −0.39 |
| FISV Fiserv Inc. | Add +1.0% | 0.12% | −0.40 |
| AVGO Broadcom Inc. | Add +4.0% | 4.00% | −0.42 |
| AMZN Amazon.com Inc. | Add +4.3% | 5.92% | −0.55 |
| TSLA Tesla Inc. | Add +4.8% | 3.12% | −0.59 |
| AAPL Apple Inc. | Add +4.5% | 10.89% | −0.59 |
| NVDA Nvidia Corp. | Add +3.4% | 13.77% | −0.88 |
| MSFT Microsoft Corp. | Add +2.9% | 8.78% | −2.69 |
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 |