Danica Pension, Livsforsikringsaktieselskab
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed December 18, 2025), Danica Pension, Livsforsikringsaktieselskab reported 80 stock positions worth $6.0 billion. Its top holding was Microsoft (MSFT) at 7.9% of the portfolio, followed by Nvidia (NVDA, 6.4%) and Alphabet Class C (GOOG, 4.6%). Compared with Q1 2025, it opened 2 new positions, sold out of 5, added to 52 and reduced 21. The biggest buy was Atlassian Class A (TEAM, shares +1248%) and the biggest sale Citigroup (C, shares −72%).
- Most Recent 13F
- Q2 2026
- Location
- COPENHAGEN V, G7
- CIK
- 0002096095
- Portfolio Value
- $6.0B (Q2 2025)
- SEC Filing
- 0001104659-25-122283 ↗ filed Dec 18, 2025
Holdings Value
Holdings 80 stocks · $6.0B
| MSFT Microsoft Corp. | 7.92% | 951,272 | $473.2M | Add +3.4% |
| NVDA Nvidia Corp. | 6.38% | 2,413,011 | $381.2M | Add +5.6% |
| GOOG Alphabet Inc. Class C | 4.60% | 1,549,508 | $274.9M | Add +12.4% |
| AMZN Amazon.com Inc. | 4.10% | 1,117,192 | $245.1M | Reduce -7.9% |
| AAPL Apple Inc. | 3.52% | 1,025,593 | $210.4M | Add +5.9% |
| ABT Abbott Laboratories | 3.16% | 1,389,436 | $189.0M | Add +44.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 3.09% | 3,900,132 | $184.6M | Add +88.2% |
| BSX Boston Scientific Corp. | 3.07% | 1,706,015 | $183.2M | Add +6.8% |
| FISV Fiserv Inc. | 3.05% | 1,057,381 | $182.3M | Add +28.9% |
| TMO Thermo Fisher Scientific Inc. | 2.81% | 413,499 | $167.7M | Add +27.2% |
| KO The Coca-Cola Co. | 2.77% | 2,337,682 | $165.4M | Reduce -5.8% |
| ORCL Oracle Corp. | 2.76% | 755,196 | $165.1M | Add +5.6% |
| META Meta Platforms Inc. Class A | 2.75% | 222,416 | $164.2M | Reduce -5.7% |
| NEE Nextera Energy Inc. | 2.74% | 2,357,115 | $163.6M | Add +25.6% |
| AVGO Broadcom Inc. | 2.51% | 543,010 | $149.7M | Reduce -25.3% |
| MA Mastercard Inc. Class A | 2.49% | 264,436 | $148.6M | Reduce -12.0% |
| TSM Taiwan Semiconductor-SP ADR | 2.36% | 622,583 | $141.0M | Add +19.4% |
| ETN Eaton Corp. PLC | 2.10% | 351,068 | $125.3M | Add +3.6% |
| ELV Elevance Health Inc. | 2.09% | 321,549 | $125.1M | Add +4.9% |
| XYZ Block Inc. | 2.00% | 1,758,896 | $119.5M | Add +14.5% |
| MCK McKesson Corp. | 1.93% | 157,748 | $115.6M | Add +2.8% |
| HD Home Depot Inc. | 1.89% | 307,715 | $112.8M | Add +50.9% |
| TRU Transunion | 1.85% | 1,252,883 | $110.3M | Add +24.0% |
| TEAM Atlassian Corp. Class A | 1.74% | 512,203 | $104.0M | Add +1247.9% |
| WMT Walmart Inc. | 1.53% | 937,200 | $91.6M | Add +8.1% |
| ZS Zscaler Inc. | 1.42% | 271,013 | $85.1M | Reduce -23.0% |
| TRMB Trimble Inc. | 1.41% | 1,111,000 | $84.4M | Add +20.6% |
| MRVL Marvell Technology Inc. | 1.34% | 1,038,195 | $80.4M | New |
| UBER Uber Technologies Inc. | 1.25% | 797,217 | $74.4M | Reduce -27.5% |
| CNC Centene Corp. | 1.24% | 1,368,560 | $74.3M | Add +35.2% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.23% | 909,530 | $73.5M | Reduce -1.6% |
| HUBS HubSpot Inc. | 1.15% | 123,645 | $68.8M | New |
| SSNC Ss&c Technologies Holdings | 1.15% | 830,000 | $68.7M | Add +50.9% |
| USB US Bancorp | 0.95% | 1,257,000 | $56.9M | Add +3.3% |
| OWL Blue Owl Capital Inc. | 0.84% | 2,624,597 | $50.4M | Add +3.1% |
| GE General Electric filed as GE AEROSPACE | 0.83% | 192,157 | $49.5M | Add +4.3% |
| ALLY Ally Financial Inc. | 0.76% | 1,166,658 | $45.4M | Reduce -12.4% |
| MU Micron Technology Inc. | 0.76% | 368,390 | $45.4M | Reduce -20.9% |
| VZ Verizon Communications Inc. | 0.75% | 1,040,508 | $45.0M | Reduce -38.8% |
| CL Colgate-Palmolive Co. | 0.65% | 423,926 | $38.5M | Add +15.8% |
| JPM JPMorgan Chase & Co. | 0.64% | 131,155 | $38.0M | Add +26.4% |
| AZO AutoZone Inc. | 0.64% | 10,225 | $38.0M | Reduce -37.5% |
| GOOGL Alphabet Inc. Class A | 0.52% | 175,232 | $30.9M | Add +34.5% |
| C Citigroup Inc. | 0.51% | 358,602 | $30.5M | Reduce -71.7% |
| MET Metlife Inc. | 0.50% | 372,000 | $29.9M | Add +4.2% |
| WDAY Workday Inc. Class A | 0.49% | 121,281 | $29.1M | Add +88.6% |
| NOW ServiceNow Inc. | 0.31% | 17,898 | $18.4M | Reduce -22.7% |
| COST Costco Wholesale Corp. | 0.30% | 17,816 | $17.6M | Add +55.7% |
| INTU Intuit Inc. | 0.29% | 22,130 | $17.4M | Add +67.2% |
| SPGI S&P Global Inc. | 0.29% | 32,401 | $17.1M | Add +59.7% |
| PGR Progressive Corp. | 0.28% | 63,036 | $16.8M | Add +35.9% |
| WELL Welltower Inc. | 0.27% | 103,609 | $15.9M | Add +55.0% |
| TSLA Tesla Inc. | 0.27% | 50,000 | $15.9M | Add +525.0% |
| CRM Salesforce Inc. | 0.23% | 49,769 | $13.6M | Reduce -80.7% |
| ECL Ecolab Inc. | 0.22% | 48,419 | $13.0M | Add +39.1% |
| VRSK Verisk Analytics Inc. | 0.22% | 41,317 | $12.9M | Add +53.5% |
| XYL Xylem Inc. | 0.21% | 98,760 | $12.8M | Add +30.1% |
| PWR Quanta Services Inc. | 0.21% | 33,761 | $12.8M | Add +10.0% |
| DGX Quest Diagnostics Inc. | 0.21% | 70,846 | $12.7M | Add +25.5% |
| KEYS Keysight Technologies Inc. | 0.21% | 76,882 | $12.6M | Reduce -80.0% |
| PLNT Planet Fitness Inc. Class A | 0.21% | 114,794 | $12.5M | Add +15.2% |
| KLAC KLA Corp. | 0.19% | 12,889 | $11.5M | Add +48.3% |
| ARMK Aramark | 0.19% | 271,955 | $11.4M | Add +14.5% |
| UNH Unitedhealth Group Inc. | 0.18% | 33,986 | $10.6M | Reduce -70.5% |
| CLH Clean Harbors Inc. | 0.16% | 41,930 | $9.7M | Add +45.7% |
| TDY Teledyne Technologies Inc. | 0.16% | 18,905 | $9.7M | Reduce -84.6% |
| MMM 3M Co. | 0.16% | 62,311 | $9.5M | Reduce -3.3% |
| MRK Merck & Co. Inc. | 0.15% | 111,191 | $8.8M | Add +69.9% |
| TFC Truist Financial Corp. | 0.15% | 202,070 | $8.7M | Add +25.5% |
| CME Cme Group Inc. | 0.14% | 30,307 | $8.4M | Add +623.3% |
| CMG Chipotle Mexican Grill Inc. | 0.12% | 130,112 | $7.3M | Add +114.6% |
| DUOL Duolingo | 0.09% | 12,450 | $5.1M | Reduce -10.8% |
| PANW Palo Alto Networks Inc. | 0.07% | 21,500 | $4.4M | No change |
| AMAT Applied Materials Inc. | 0.06% | 20,730 | $3.8M | Add +24.9% |
| LOW Lowe's Cos Inc. | 0.06% | 15,790 | $3.5M | No change |
| URI United Rentals Inc. | 0.05% | 4,326 | $3.3M | No change |
| ADBE Adobe Inc. | 0.04% | 6,460 | $2.5M | Reduce -88.7% |
| DAR Darling Ingredients Inc. | 0.04% | 55,888 | $2.1M | No change |
| SVV Savers Value Village Inc. | 0.02% | 91,698 | $935K | Add +57.8% |
| AVTR Avantor Inc. | 0.01% | 63,072 | $849K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| C Citigroup Inc. | Reduce -71.7% | 0.51% | −1.27 |
| CRM Salesforce Inc. | Reduce -80.7% | 0.23% | −1.14 |
| TDY Teledyne Technologies Inc. | Reduce -84.6% | 0.16% | −1.05 |
| UNH Unitedhealth Group Inc. | Reduce -70.5% | 0.18% | −1.02 |
| KEYS Keysight Technologies Inc. | Reduce -80.0% | 0.21% | −0.93 |
| MA Mastercard Inc. Class A | Reduce -12.0% | 2.49% | −0.77 |
| VZ Verizon Communications Inc. | Reduce -38.8% | 0.75% | −0.77 |
| KO The Coca-Cola Co. | Reduce -5.8% | 2.77% | −0.75 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.73 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.68 |
| AZO AutoZone Inc. | Reduce -37.5% | 0.64% | −0.60 |
| AMZN Amazon.com Inc. | Reduce -7.9% | 4.10% | −0.46 |
| ADBE Adobe Inc. | Reduce -88.7% | 0.04% | −0.39 |
| UBER Uber Technologies Inc. | Reduce -27.5% | 1.25% | −0.34 |
| ALLY Ally Financial Inc. | Reduce -12.4% | 0.76% | −0.20 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.15 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.08 |
| NOW ServiceNow Inc. | Reduce -22.7% | 0.31% | −0.06 |
| MU Micron Technology Inc. | Reduce -20.9% | 0.76% | −0.04 |
| MMM 3M Co. | Reduce -3.3% | 0.16% | −0.03 |
| WAY Waystar Holding Corp. | Sold out | 0.00% | −0.01 |
| DUOL Duolingo | Reduce -10.8% | 0.09% | −0.00 |
| EL Estee Lauder Companies Class A | Reduce -1.6% | 1.23% | +0.02 |
| ZS Zscaler Inc. | Reduce -23.0% | 1.42% | +0.04 |
| META Meta Platforms Inc. Class A | Reduce -5.7% | 2.75% | +0.06 |
| AVGO Broadcom Inc. | Reduce -25.3% | 2.51% | +0.10 |
Portfolio Buys Q1 2025 → Q2 2025
| TEAM Atlassian Corp. Class A | Add +1247.9% | 1.74% | +1.58 |
| NVDA Nvidia Corp. | Add +5.6% | 6.38% | +1.48 |
| BAC Bank of America Corp. | Add +88.2% | 3.09% | +1.38 |
| MRVL Marvell Technology Inc. | New | 1.34% | +1.34 |
| HUBS HubSpot Inc. | New | 1.15% | +1.15 |
| MSFT Microsoft Corp. | Add +3.4% | 7.92% | +1.08 |
| ORCL Oracle Corp. | Add +5.6% | 2.76% | +0.78 |
| TSM Taiwan Semiconductor-SP ADR | Add +19.4% | 2.36% | +0.65 |
| ABT Abbott Laboratories | Add +44.5% | 3.16% | +0.64 |
| HD Home Depot Inc. | Add +50.9% | 1.89% | +0.41 |
| XYZ Block Inc. | Add +14.5% | 2.00% | +0.35 |
| GOOG Alphabet Inc. Class C | Add +12.4% | 4.60% | +0.34 |
| ETN Eaton Corp. PLC | Add +3.6% | 2.10% | +0.28 |
| SSNC Ss&c Technologies Holdings | Add +50.9% | 1.15% | +0.24 |
| TSLA Tesla Inc. | Add +525.0% | 0.27% | +0.22 |
| TRMB Trimble Inc. | Add +20.6% | 1.41% | +0.22 |
| WDAY Workday Inc. Class A | Add +88.6% | 0.49% | +0.19 |
| TRU Transunion | Add +24.0% | 1.85% | +0.19 |
| JPM JPMorgan Chase & Co. | Add +26.4% | 0.64% | +0.13 |
| INTU Intuit Inc. | Add +67.2% | 0.29% | +0.13 |
| GOOGL Alphabet Inc. Class A | Add +34.5% | 0.52% | +0.12 |
| CME Cme Group Inc. | Add +623.3% | 0.14% | +0.12 |
| NEE Nextera Energy Inc. | Add +25.6% | 2.74% | +0.11 |
| GE General Electric | Add +4.3% | 0.83% | +0.10 |
| SPGI S&P Global Inc. | Add +59.7% | 0.29% | +0.08 |
| COST Costco Wholesale Corp. | Add +55.7% | 0.30% | +0.08 |
| KLAC KLA Corp. | Add +48.3% | 0.19% | +0.08 |
| WELL Welltower Inc. | Add +55.0% | 0.27% | +0.06 |
| CMG Chipotle Mexican Grill Inc. | Add +114.6% | 0.12% | +0.06 |
| PWR Quanta Services Inc. | Add +10.0% | 0.21% | +0.06 |
| VRSK Verisk Analytics Inc. | Add +53.5% | 0.22% | +0.06 |
| CLH Clean Harbors Inc. | Add +45.7% | 0.16% | +0.05 |
| ECL Ecolab Inc. | Add +39.1% | 0.22% | +0.04 |
| XYL Xylem Inc. | Add +30.1% | 0.21% | +0.03 |
| MRK Merck & Co. Inc. | Add +69.9% | 0.15% | +0.03 |
| ARMK Aramark | Add +14.5% | 0.19% | +0.03 |
| WMT Walmart Inc. | Add +8.1% | 1.53% | +0.03 |
| CNC Centene Corp. | Add +35.2% | 1.24% | +0.03 |
| DGX Quest Diagnostics Inc. | Add +25.5% | 0.21% | +0.02 |
| PGR Progressive Corp. | Add +35.9% | 0.28% | +0.02 |
| PLNT Planet Fitness Inc. Class A | Add +15.2% | 0.21% | +0.02 |
| AMAT Applied Materials Inc. | Add +24.9% | 0.06% | +0.02 |
| TFC Truist Financial Corp. | Add +25.5% | 0.15% | +0.01 |
| SVV Savers Value Village Inc. | Add +57.8% | 0.02% | +0.01 |
| CL Colgate-Palmolive Co. | Add +15.8% | 0.65% | −0.03 |
| USB US Bancorp | Add +3.3% | 0.95% | −0.06 |
| MET Metlife Inc. | Add +4.2% | 0.50% | −0.07 |
| MCK McKesson Corp. | Add +2.8% | 1.93% | −0.11 |
| BSX Boston Scientific Corp. | Add +6.8% | 3.07% | −0.12 |
| OWL Blue Owl Capital Inc. | Add +3.1% | 0.84% | −0.17 |
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 |