Danica Pension, Livsforsikringsaktieselskab

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Danica Pension, Livsforsikringsaktieselskab reported 79 stock positions worth $6.9 billion. Its top holding was Nvidia (NVDA) at 7.5% of the portfolio, followed by Microsoft (MSFT, 7.2%) and Amazon.com (AMZN, 7.0%). Compared with Q3 2025, it opened 7 new positions, sold out of 3, added to 30 and reduced 18. The biggest buy was a new position in Mongodb (MDB) and the biggest sale Fiserv (FISV, shares −18%).

Most Recent 13F
Q2 2026
Location
COPENHAGEN V, G7
CIK
0002096095
Portfolio Value
$6.9B (Q4 2025)
SEC Filing
0001104659-26-008855 ↗ filed Feb 2, 2026

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $4.5B Q1 2024 Q2 2024: $4.9B Q2 2024 Q3 2024: $5.2B Q3 2024 Q4 2024: $5.3B Q4 2024 Q1 2025: $5.1B Q1 2025 Q2 2025: $6.0B Q2 2025 Q3 2025: $6.5B Q3 2025 Q4 2025: $6.9B $6.9B Q4 2025 Q1 2026: $5.3B Q1 2026 Q2 2026: $6.3B Q2 2026

Holdings 79 stocks · $6.9B
NVDA Nvidia Corp. 7.54% 2,805,727 $523.3M Add +5.0%
MSFT Microsoft Corp. 7.24% 1,038,404 $502.2M Add +9.6%
AMZN Amazon.com Inc. 6.97% 2,093,835 $483.3M Add +22.1%
GOOG Alphabet Inc. Class C 5.30% 1,171,281 $367.5M Reduce -7.2%
AAPL Apple Inc. 4.99% 1,273,892 $346.3M Reduce -4.5%
TSM Taiwan Semiconductor-SP ADR 4.07% 930,181 $282.7M Add +11.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.58% 4,516,383 $248.4M Add +6.9%
MA Mastercard Inc. Class A 3.09% 375,119 $214.1M Add +11.9%
META Meta Platforms Inc. Class A 2.81% 295,298 $194.9M Add +99.9%
ABT Abbott Laboratories 2.80% 1,548,290 $194.0M Add +11.7%
BSX Boston Scientific Corp. 2.74% 1,994,729 $190.2M Add +12.1%
KO The Coca-Cola Co. 2.39% 2,369,404 $165.6M Reduce -2.5%
MCK McKesson Corp. 2.27% 192,146 $157.6M Add +9.7%
XYZ Block Inc. 2.03% 2,158,976 $140.5M Add +20.4%
AVGO Broadcom Inc. 2.01% 402,426 $139.3M Reduce -9.7%
ELV Elevance Health Inc. 1.85% 367,049 $128.7M Reduce -15.5%
NEE Nextera Energy Inc. 1.84% 1,588,824 $127.6M Reduce -32.3%
HD Home Depot Inc. 1.75% 353,734 $121.7M Add +9.3%
TRU Transunion 1.69% 1,367,883 $117.3M Add +5.0%
TEAM Atlassian Corp. Class A 1.67% 713,057 $115.6M Add +10.2%
ETN Eaton Corp. PLC 1.66% 362,456 $115.4M Add +2.3%
MDB Mongodb Inc. 1.54% 255,189 $107.1M New
COHR Coherent Corp. 1.52% 570,000 $105.2M Add +46.1%
HUBS HubSpot Inc. 1.48% 255,923 $102.7M Add +20.0%
ORCL Oracle Corp. 1.43% 507,698 $99.0M Add +2.2%
PCG P G & E Corp. 1.27% 5,500,000 $88.4M New
MRVL Marvell Technology Inc. 1.15% 936,601 $79.6M Reduce -48.0%
SPGI S&P Global Inc. 1.07% 141,921 $74.2M Add +286.3%
UBER Uber Technologies Inc. 1.04% 882,217 $72.1M Add +10.7%
TMO Thermo Fisher Scientific Inc. 1.00% 119,757 $69.4M Reduce -9.0%
USB US Bancorp 0.97% 1,257,000 $67.1M No change
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.96% 740,977 $66.7M Reduce -37.5%
OWL Blue Owl Capital Inc. 0.89% 4,149,597 $62.0M Add +7.8%
SSNC Ss&c Technologies Holdings 0.86% 680,000 $59.4M Reduce -6.8%
JPM JPMorgan Chase & Co. 0.86% 184,229 $59.4M Add +21.2%
GE General Electric filed as GE AEROSPACE 0.85% 192,157 $59.2M No change
FISV Fiserv Inc. 0.83% 853,135 $57.3M Reduce -17.8%
GOOGL Alphabet Inc. Class A 0.81% 180,332 $56.4M No change
TRMB Trimble Inc. 0.78% 695,000 $54.5M No change
ALLY Ally Financial Inc. 0.76% 1,166,658 $52.8M No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.76% 501,987 $52.6M Reduce -3.7%
WMT Walmart Inc. 0.74% 460,100 $51.3M Reduce -46.9%
DHR Danaher Corp. 0.72% 218,912 $50.1M Add +36.8%
ZS Zscaler Inc. 0.67% 207,836 $46.7M Reduce -29.5%
ALHC Alignment Healthcare Inc. 0.57% 2,000,000 $39.5M New
AZO AutoZone Inc. 0.53% 10,916 $37.0M New
CL Colgate-Palmolive Co. 0.48% 425,727 $33.6M Reduce -14.5%
C Citigroup Inc. 0.34% 201,602 $23.5M No change
NOW ServiceNow Inc. 0.32% 144,025 $22.1M Add +21.2%
WELL Welltower Inc. 0.31% 114,140 $21.2M No change
MRK Merck & Co. Inc. 0.29% 191,871 $20.2M Add +41.6%
AMAT Applied Materials Inc. 0.29% 78,330 $20.1M Add +37.8%
KEYS Keysight Technologies Inc. 0.29% 97,782 $19.9M Reduce -9.9%
COST Costco Wholesale Corp. 0.25% 20,356 $17.6M No change
INTU Intuit Inc. 0.24% 24,820 $16.4M No change
PLNT Planet Fitness Inc. Class A 0.22% 142,764 $15.5M Add +24.4%
PWR Quanta Services Inc. 0.21% 33,761 $14.2M No change
XYL Xylem Inc. 0.19% 98,760 $13.4M No change
CRM Salesforce Inc. 0.19% 49,769 $13.2M No change
UNH Unitedhealth Group Inc. 0.19% 39,760 $13.1M No change
ECL Ecolab Inc. 0.18% 48,419 $12.7M No change
VRSK Verisk Analytics Inc. 0.17% 53,657 $12.0M Add +29.9%
CME Cme Group Inc. 0.16% 41,767 $11.4M Add +37.8%
DGX Quest Diagnostics Inc. 0.15% 61,346 $10.6M Reduce -13.4%
CMG Chipotle Mexican Grill Inc. 0.14% 271,512 $10.0M Add +108.7%
ARMK Aramark 0.14% 271,955 $10.0M No change
MMM 3M Co. 0.14% 62,311 $10.0M No change
TFC Truist Financial Corp. 0.14% 202,070 $9.9M No change
CLH Clean Harbors Inc. 0.14% 41,930 $9.8M No change
TDY Teledyne Technologies Inc. 0.14% 18,905 $9.7M No change
PANW Palo Alto Networks Inc. 0.06% 21,500 $4.0M No change
LOW Lowe's Cos Inc. 0.05% 15,790 $3.8M New
URI United Rentals Inc. 0.05% 4,326 $3.5M New
DUOL Duolingo 0.05% 17,950 $3.2M No change
WDAY Workday Inc. Class A 0.04% 13,060 $2.8M No change
SNPS Synopsys Inc. 0.02% 3,280 $1.5M New
SVV Savers Value Village Inc. 0.01% 91,698 $856K No change
AVTR Avantor Inc. 0.01% 63,072 $723K No change
DAR Darling Ingredients Inc. 0.01% 18,530 $667K Reduce -66.8%

Portfolio Sells Q3 2025 → Q4 2025
FISV Fiserv Inc. Reduce -17.8% 0.83% −1.24
MRVL Marvell Technology Inc. Reduce -48.0% 1.15% −1.19
NEE Nextera Energy Inc. Reduce -32.3% 1.84% −0.90
BJ Bj's Wholesale Club Holdings Reduce -37.5% 0.96% −0.74
VZ Verizon Communications Inc. Sold out 0.00% −0.71
ZS Zscaler Inc. Reduce -29.5% 0.67% −0.69
WMT Walmart Inc. Reduce -46.9% 0.74% −0.64
MET Metlife Inc. Sold out 0.00% −0.47
ELV Elevance Health Inc. Reduce -15.5% 1.85% −0.31
AVGO Broadcom Inc. Reduce -9.7% 2.01% −0.26
AAPL Apple Inc. Reduce -4.5% 4.99% −0.25
PGR Progressive Corp. Sold out 0.00% −0.24
SSNC Ss&c Technologies Holdings Reduce -6.8% 0.86% −0.14
CL Colgate-Palmolive Co. Reduce -14.5% 0.48% −0.13
KO The Coca-Cola Co. Reduce -2.5% 2.39% −0.10
DGX Quest Diagnostics Inc. Reduce -13.4% 0.15% −0.05
DAR Darling Ingredients Inc. Reduce -66.8% 0.01% −0.02
KEYS Keysight Technologies Inc. Reduce -9.9% 0.29% −0.01
TMO Thermo Fisher Scientific Inc. Reduce -9.0% 1.00% +0.01
EL Estee Lauder Companies Class A Reduce -3.7% 0.76% +0.05
GOOG Alphabet Inc. Class C Reduce -7.2% 5.30% +0.55

Portfolio Buys Q3 2025 → Q4 2025
MDB Mongodb Inc. New 1.54% +1.54
PCG P G & E Corp. New 1.27% +1.27
AMZN Amazon.com Inc. Add +22.1% 6.97% +1.16
META Meta Platforms Inc. Class A Add +99.9% 2.81% +1.14
COHR Coherent Corp. Add +46.1% 1.52% +0.87
SPGI S&P Global Inc. Add +286.3% 1.07% +0.79
ALHC Alignment Healthcare Inc. New 0.57% +0.57
AZO AutoZone Inc. New 0.53% +0.53
TSM Taiwan Semiconductor-SP ADR Add +11.5% 4.07% +0.48
DHR Danaher Corp. Add +36.8% 0.72% +0.23
BAC Bank of America Corp. Add +6.9% 3.58% +0.22
MCK McKesson Corp. Add +9.7% 2.27% +0.18
MA Mastercard Inc. Class A Add +11.9% 3.09% +0.15
JPM JPMorgan Chase & Co. Add +21.2% 0.86% +0.12
MRK Merck & Co. Inc. Add +41.6% 0.29% +0.12
AMAT Applied Materials Inc. Add +37.8% 0.29% +0.11
TEAM Atlassian Corp. Class A Add +10.2% 1.67% +0.07
CMG Chipotle Mexican Grill Inc. Add +108.7% 0.14% +0.07
BSX Boston Scientific Corp. Add +12.1% 2.74% +0.06
LOW Lowe's Cos Inc. New 0.05% +0.05
URI United Rentals Inc. New 0.05% +0.05
PLNT Planet Fitness Inc. Class A Add +24.4% 0.22% +0.04
CME Cme Group Inc. Add +37.8% 0.16% +0.04
XYZ Block Inc. Add +20.4% 2.03% +0.03
SNPS Synopsys Inc. New 0.02% +0.02
VRSK Verisk Analytics Inc. Add +29.9% 0.17% +0.01
TRU Transunion Add +5.0% 1.69% +0.01
NOW ServiceNow Inc. Add +21.2% 0.32% −0.02
HUBS HubSpot Inc. Add +20.0% 1.48% −0.06
ABT Abbott Laboratories Add +11.7% 2.80% −0.07
OWL Blue Owl Capital Inc. Add +7.8% 0.89% −0.11
NVDA Nvidia Corp. Add +5.0% 7.54% −0.15
UBER Uber Technologies Inc. Add +10.7% 1.04% −0.17
HD Home Depot Inc. Add +9.3% 1.75% −0.27
MSFT Microsoft Corp. Add +9.6% 7.24% −0.34
ETN Eaton Corp. PLC Add +2.3% 1.66% −0.38
ORCL Oracle Corp. Add +2.2% 1.43% −0.73

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 184$6.3BNVDA, AAPL, GOOG, MSFT, AMZN
Q1 2026 163$5.3BNVDA, AAPL, MSFT, GOOG, AMZN
Q4 2025 79$6.9BNVDA, MSFT, AMZN, GOOG, AAPL
Q3 2025Amended 75$6.5BNVDA, MSFT, AMZN, AAPL, GOOG
Q2 2025 80$6.0BMSFT, NVDA, GOOG, AMZN, AAPL
Q1 2025 83$5.1BMSFT, NVDA, AMZN, GOOG, AAPL
Q4 2024 90$5.3BMSFT, NVDA, AMZN, GOOG, AAPL
Q3 2024 96$5.2BMSFT, NVDA, GOOG, AMZN, AAPL
Q2 2024 88$4.9BMSFT, NVDA, AMZN, GOOG, AAPL
Q1 2024 93$4.5BMSFT, AMZN, GOOG, META, NVDA