Danica Pension, Livsforsikringsaktieselskab
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed December 18, 2025), Danica Pension, Livsforsikringsaktieselskab reported 83 stock positions worth $5.1 billion. Its top holding was Microsoft (MSFT) at 6.8% of the portfolio, followed by Nvidia (NVDA, 4.9%) and Amazon.com (AMZN, 4.6%). Compared with Q4 2024, it opened 6 new positions, sold out of 13, added to 32 and reduced 30. The biggest buy was a new position in McKesson (MCK) and the biggest sale an exit from CrowdStrike Class A (CRWD).
- Most Recent 13F
- Q2 2026
- Location
- COPENHAGEN V, G7
- CIK
- 0002096095
- Portfolio Value
- $5.1B (Q1 2025)
- SEC Filing
- 0001104659-25-122280 ↗ filed Dec 18, 2025
Holdings Value
Holdings 83 stocks · $5.1B
| MSFT Microsoft Corp. | 6.84% | 920,151 | $345.4M | Add +1.1% |
| NVDA Nvidia Corp. | 4.90% | 2,285,487 | $247.7M | Add +2.0% |
| AMZN Amazon.com Inc. | 4.57% | 1,212,526 | $230.7M | Reduce -11.3% |
| GOOG Alphabet Inc. Class C | 4.26% | 1,378,213 | $215.3M | Reduce -9.6% |
| AAPL Apple Inc. | 4.26% | 968,571 | $215.1M | Reduce -4.8% |
| FISV Fiserv Inc. | 3.58% | 819,998 | $181.1M | Add +1.3% |
| KO The Coca-Cola Co. | 3.52% | 2,482,585 | $177.8M | Reduce -13.4% |
| MA Mastercard Inc. Class A | 3.26% | 300,589 | $164.8M | Reduce -31.1% |
| TMO Thermo Fisher Scientific Inc. | 3.20% | 325,156 | $161.8M | Add +87.3% |
| BSX Boston Scientific Corp. | 3.19% | 1,597,282 | $161.1M | Add +0.8% |
| META Meta Platforms Inc. Class A | 2.69% | 235,909 | $136.0M | Reduce -21.5% |
| ELV Elevance Health Inc. | 2.64% | 306,549 | $133.3M | Reduce -13.4% |
| NEE Nextera Energy Inc. | 2.63% | 1,876,085 | $133.0M | Add +14.5% |
| ABT Abbott Laboratories | 2.52% | 961,280 | $127.5M | Reduce -31.7% |
| AVGO Broadcom Inc. | 2.41% | 726,602 | $121.7M | Reduce -3.9% |
| MCK McKesson Corp. | 2.04% | 153,500 | $103.3M | New |
| ORCL Oracle Corp. | 1.98% | 715,137 | $100.0M | Add +8.0% |
| ETN Eaton Corp. PLC | 1.82% | 338,728 | $92.1M | Add +27.6% |
| C Citigroup Inc. | 1.78% | 1,265,811 | $89.9M | Add +486.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.71% | 521,516 | $86.6M | Add +52.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.71% | 2,072,246 | $86.5M | Reduce -27.7% |
| TRU Transunion | 1.66% | 1,010,505 | $83.9M | Reduce -11.8% |
| XYZ Block Inc. | 1.65% | 1,535,869 | $83.4M | New |
| UBER Uber Technologies Inc. | 1.59% | 1,099,870 | $80.1M | Reduce -8.3% |
| VZ Verizon Communications Inc. | 1.53% | 1,700,000 | $77.1M | New |
| WMT Walmart Inc. | 1.51% | 866,976 | $76.1M | Add +30.0% |
| HD Home Depot Inc. | 1.48% | 203,937 | $74.7M | Add +145.7% |
| ZS Zscaler Inc. | 1.38% | 352,087 | $69.9M | Reduce -16.1% |
| CRM Salesforce Inc. | 1.37% | 258,243 | $69.3M | Add +10.5% |
| AZO AutoZone Inc. | 1.23% | 16,349 | $62.3M | Reduce -6.9% |
| CNC Centene Corp. | 1.22% | 1,012,560 | $61.5M | Add +17.4% |
| TDY Teledyne Technologies Inc. | 1.21% | 122,962 | $61.2M | Reduce -30.5% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.21% | 924,792 | $61.0M | No change |
| TRMB Trimble Inc. | 1.20% | 921,000 | $60.5M | No change |
| UNH Unitedhealth Group Inc. | 1.19% | 115,163 | $60.3M | Reduce -15.4% |
| KEYS Keysight Technologies Inc. | 1.14% | 384,414 | $57.6M | Reduce -19.8% |
| USB US Bancorp | 1.02% | 1,217,000 | $51.4M | Add +5.2% |
| OWL Blue Owl Capital Inc. | 1.01% | 2,544,597 | $51.0M | Reduce -17.1% |
| ALLY Ally Financial Inc. | 0.96% | 1,331,658 | $48.6M | Reduce -11.3% |
| SSNC Ss&c Technologies Holdings | 0.91% | 550,000 | $45.9M | Add +436.6% |
| MU Micron Technology Inc. | 0.80% | 465,707 | $40.5M | Reduce -36.4% |
| PH Parker Hannifin Corp. | 0.73% | 60,755 | $36.9M | Reduce -21.8% |
| GE General Electric filed as GE AEROSPACE | 0.73% | 184,157 | $36.9M | Reduce -55.1% |
| NSC Norfolk Southern Corp. | 0.68% | 145,262 | $34.4M | Add +7.4% |
| CL Colgate-Palmolive Co. | 0.68% | 366,012 | $34.3M | Reduce -4.7% |
| MET Metlife Inc. | 0.57% | 357,000 | $28.7M | Add +78.5% |
| JPM JPMorgan Chase & Co. | 0.50% | 103,746 | $25.4M | Add +89.5% |
| ADBE Adobe Inc. | 0.43% | 57,136 | $21.9M | Reduce -21.7% |
| GOOGL Alphabet Inc. Class A | 0.40% | 130,320 | $20.2M | Reduce -28.8% |
| NOW ServiceNow Inc. | 0.36% | 23,145 | $18.4M | No change |
| WDAY Workday Inc. Class A | 0.30% | 64,296 | $15.0M | Reduce -53.8% |
| PGR Progressive Corp. | 0.26% | 46,394 | $13.1M | Add +174.1% |
| COST Costco Wholesale Corp. | 0.21% | 11,440 | $10.8M | Add +133.5% |
| SPGI S&P Global Inc. | 0.20% | 20,291 | $10.3M | Add +143.8% |
| WELL Welltower Inc. | 0.20% | 66,860 | $10.2M | Add +106.0% |
| PLNT Planet Fitness Inc. Class A | 0.19% | 99,670 | $9.6M | Add +149.2% |
| DGX Quest Diagnostics Inc. | 0.19% | 56,440 | $9.5M | No change |
| MMM 3M Co. | 0.19% | 64,449 | $9.5M | No change |
| XYL Xylem Inc. | 0.18% | 75,910 | $9.1M | Add +128.6% |
| ECL Ecolab Inc. | 0.17% | 34,813 | $8.8M | Add +137.4% |
| ARMK Aramark | 0.16% | 237,600 | $8.2M | Add +133.9% |
| INTU Intuit Inc. | 0.16% | 13,240 | $8.1M | Add +90.5% |
| TEAM Atlassian Corp. Class A | 0.16% | 38,000 | $8.1M | New |
| VRSK Verisk Analytics Inc. | 0.16% | 26,920 | $8.0M | Add +141.7% |
| PWR Quanta Services Inc. | 0.15% | 30,700 | $7.8M | No change |
| GS Goldman Sachs Group Inc. | 0.15% | 13,449 | $7.3M | No change |
| TFC Truist Financial Corp. | 0.13% | 161,000 | $6.6M | Reduce -38.4% |
| KLAC KLA Corp. | 0.12% | 8,690 | $5.9M | Reduce -41.6% |
| MRK Merck & Co. Inc. | 0.12% | 65,431 | $5.9M | Add +143.1% |
| CLH Clean Harbors Inc. | 0.11% | 28,780 | $5.7M | Add +140.2% |
| DUOL Duolingo | 0.09% | 13,960 | $4.3M | Add +148.0% |
| TER Teradyne Inc. | 0.08% | 51,624 | $4.3M | Reduce -37.1% |
| LOW Lowe's Cos Inc. | 0.07% | 15,790 | $3.7M | No change |
| PANW Palo Alto Networks Inc. | 0.07% | 21,500 | $3.7M | No change |
| CMG Chipotle Mexican Grill Inc. | 0.06% | 60,620 | $3.0M | New |
| URI United Rentals Inc. | 0.05% | 4,326 | $2.7M | No change |
| AMAT Applied Materials Inc. | 0.05% | 16,600 | $2.4M | No change |
| TSLA Tesla Inc. | 0.04% | 8,000 | $2.1M | Reduce -66.7% |
| DAR Darling Ingredients Inc. | 0.03% | 55,888 | $1.7M | No change |
| CME Cme Group Inc. | 0.02% | 4,190 | $1.1M | No change |
| AVTR Avantor Inc. | 0.02% | 63,072 | $1.0M | No change |
| WAY Waystar Holding Corp. | 0.01% | 11,338 | $424K | New |
| SVV Savers Value Village Inc. | 0.01% | 58,128 | $401K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −2.00 |
| GOOG Alphabet Inc. Class C | Reduce -9.6% | 4.26% | −1.17 |
| AMZN Amazon.com Inc. | Reduce -11.3% | 4.57% | −1.05 |
| MA Mastercard Inc. Class A | Reduce -31.1% | 3.26% | −1.04 |
| AVGO Broadcom Inc. | Reduce -3.9% | 2.41% | −0.87 |
| BAC Bank of America Corp. | Reduce -27.7% | 1.71% | −0.65 |
| META Meta Platforms Inc. Class A | Reduce -21.5% | 2.69% | −0.60 |
| GE General Electric | Reduce -55.1% | 0.73% | −0.55 |
| AAPL Apple Inc. | Reduce -4.8% | 4.26% | −0.51 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.49 |
| ABT Abbott Laboratories | Reduce -31.7% | 2.52% | −0.46 |
| WDAY Workday Inc. Class A | Reduce -53.8% | 0.30% | −0.38 |
| MU Micron Technology Inc. | Reduce -36.4% | 0.80% | −0.35 |
| TRU Transunion | Reduce -11.8% | 1.66% | −0.33 |
| OWL Blue Owl Capital Inc. | Reduce -17.1% | 1.01% | −0.33 |
| TDY Teledyne Technologies Inc. | Reduce -30.5% | 1.21% | −0.33 |
| KEYS Keysight Technologies Inc. | Reduce -19.8% | 1.14% | −0.30 |
| GOOGL Alphabet Inc. Class A | Reduce -28.8% | 0.40% | −0.25 |
| PH Parker Hannifin Corp. | Reduce -21.8% | 0.73% | −0.19 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.17 |
| ADBE Adobe Inc. | Reduce -21.7% | 0.43% | −0.17 |
| TSCO Tractor Supply Company | Sold out | 0.00% | −0.16 |
| GNTX Gentex Corp. | Sold out | 0.00% | −0.16 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.16 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.16 |
| SCI Service Corp. International | Sold out | 0.00% | −0.15 |
| TSLA Tesla Inc. | Reduce -66.7% | 0.04% | −0.14 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.14 |
| AIG American International Group | Sold out | 0.00% | −0.14 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.13 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.13 |
| TER Teradyne Inc. | Reduce -37.1% | 0.08% | −0.11 |
| UNH Unitedhealth Group Inc. | Reduce -15.4% | 1.19% | −0.09 |
| TFC Truist Financial Corp. | Reduce -38.4% | 0.13% | −0.08 |
| KLAC KLA Corp. | Reduce -41.6% | 0.12% | −0.06 |
| ALLY Ally Financial Inc. | Reduce -11.3% | 0.96% | −0.05 |
| ZS Zscaler Inc. | Reduce -16.1% | 1.38% | −0.03 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -4.7% | 0.68% | +0.03 |
| KO The Coca-Cola Co. | Reduce -13.4% | 3.52% | +0.18 |
| AZO AutoZone Inc. | Reduce -6.9% | 1.23% | +0.18 |
| ELV Elevance Health Inc. | Reduce -13.4% | 2.64% | +0.19 |
| UBER Uber Technologies Inc. | Reduce -8.3% | 1.59% | +0.23 |
Portfolio Buys Q4 2024 → Q1 2025
| MCK McKesson Corp. | New | 2.04% | +2.04 |
| XYZ Block Inc. | New | 1.65% | +1.65 |
| VZ Verizon Communications Inc. | New | 1.53% | +1.53 |
| TMO Thermo Fisher Scientific Inc. | Add +87.3% | 3.20% | +1.51 |
| C Citigroup Inc. | Add +486.5% | 1.78% | +1.49 |
| HD Home Depot Inc. | Add +145.7% | 1.48% | +0.88 |
| SSNC Ss&c Technologies Holdings | Add +436.6% | 0.91% | +0.76 |
| BSX Boston Scientific Corp. | Add +0.8% | 3.19% | +0.54 |
| FISV Fiserv Inc. | Add +1.3% | 3.58% | +0.47 |
| TSM Taiwan Semiconductor-SP ADR | Add +52.0% | 1.71% | +0.45 |
| NEE Nextera Energy Inc. | Add +14.5% | 2.63% | +0.43 |
| WMT Walmart Inc. | Add +30.0% | 1.51% | +0.38 |
| MET Metlife Inc. | Add +78.5% | 0.57% | +0.26 |
| JPM JPMorgan Chase & Co. | Add +89.5% | 0.50% | +0.26 |
| CNC Centene Corp. | Add +17.4% | 1.22% | +0.24 |
| PGR Progressive Corp. | Add +174.1% | 0.26% | +0.18 |
| ETN Eaton Corp. PLC | Add +27.6% | 1.82% | +0.17 |
| TEAM Atlassian Corp. Class A | New | 0.16% | +0.16 |
| COST Costco Wholesale Corp. | Add +133.5% | 0.21% | +0.13 |
| SPGI S&P Global Inc. | Add +143.8% | 0.20% | +0.13 |
| WELL Welltower Inc. | Add +106.0% | 0.20% | +0.13 |
| PLNT Planet Fitness Inc. Class A | Add +149.2% | 0.19% | +0.12 |
| ECL Ecolab Inc. | Add +137.4% | 0.17% | +0.11 |
| XYL Xylem Inc. | Add +128.6% | 0.18% | +0.11 |
| VRSK Verisk Analytics Inc. | Add +141.7% | 0.16% | +0.10 |
| ARMK Aramark | Add +133.9% | 0.16% | +0.09 |
| NSC Norfolk Southern Corp. | Add +7.4% | 0.68% | +0.09 |
| INTU Intuit Inc. | Add +90.5% | 0.16% | +0.08 |
| MRK Merck & Co. Inc. | Add +143.1% | 0.12% | +0.07 |
| CLH Clean Harbors Inc. | Add +140.2% | 0.11% | +0.06 |
| CMG Chipotle Mexican Grill Inc. | New | 0.06% | +0.06 |
| DUOL Duolingo | Add +148.0% | 0.09% | +0.05 |
| WAY Waystar Holding Corp. | New | 0.01% | +0.01 |
| USB US Bancorp | Add +5.2% | 1.02% | −0.02 |
| ORCL Oracle Corp. | Add +8.0% | 1.98% | −0.09 |
| CRM Salesforce Inc. | Add +10.5% | 1.37% | −0.09 |
| MSFT Microsoft Corp. | Add +1.1% | 6.84% | −0.35 |
| NVDA Nvidia Corp. | Add +2.0% | 4.90% | −0.73 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 184 | $6.3B | NVDA, AAPL, GOOG, MSFT, AMZN |
| Q1 2026 | 163 | $5.3B | NVDA, AAPL, MSFT, GOOG, AMZN |
| Q4 2025 | 79 | $6.9B | NVDA, MSFT, AMZN, GOOG, AAPL |
| Q3 2025Amended | 75 | $6.5B | NVDA, MSFT, AMZN, AAPL, GOOG |
| Q2 2025 | 80 | $6.0B | MSFT, NVDA, GOOG, AMZN, AAPL |
| Q1 2025 | 83 | $5.1B | MSFT, NVDA, AMZN, GOOG, AAPL |
| Q4 2024 | 90 | $5.3B | MSFT, NVDA, AMZN, GOOG, AAPL |
| Q3 2024 | 96 | $5.2B | MSFT, NVDA, GOOG, AMZN, AAPL |
| Q2 2024 | 88 | $4.9B | MSFT, NVDA, AMZN, GOOG, AAPL |
| Q1 2024 | 93 | $4.5B | MSFT, AMZN, GOOG, META, NVDA |