Danske Bank A/S
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed December 18, 2025), Danske Bank A/S reported 1,362 stock positions worth $32.7 billion. Its top holding was Apple (AAPL) at 6.8% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Nvidia (NVDA, 5.6%). Compared with Q4 2024, it opened 85 new positions, sold out of 112, added to 409 and reduced 515. The biggest buy was Visa Class A (V, shares +20%) and the biggest sale Apple (AAPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- COPENHAGEN V, G7
- CIK
- 0000800177
- Portfolio Value
- $32.7B (Q1 2025)
- SEC Filing
- 0001104659-25-122279 ↗ filed Dec 18, 2025
Holdings Value
Holdings 1,362 stocks · $32.7B
| AAPL Apple Inc. | 6.83% | 10,062,642 | $2.2B | Reduce -4.4% |
| MSFT Microsoft Corp. | 6.05% | 5,272,492 | $2.0B | Add +8.9% |
| NVDA Nvidia Corp. | 5.63% | 17,007,994 | $1.8B | Add +4.2% |
| AMZN Amazon.com Inc. | 4.49% | 7,719,951 | $1.5B | Add +11.9% |
| META Meta Platforms Inc. Class A | 2.65% | 1,504,968 | $867.4M | Add +3.2% |
| GOOGL Alphabet Inc. Class A | 2.30% | 4,872,172 | $753.4M | Add +13.2% |
| V Visa Inc. Class A | 1.79% | 1,671,892 | $585.9M | Add +20.2% |
| LLY Eli Lilly & Co. | 1.63% | 647,161 | $534.5M | Add +5.5% |
| JPM JPMorgan Chase & Co. | 1.61% | 2,151,032 | $527.6M | Add +17.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.51% | 926,093 | $493.2M | Add +1.6% |
| AVGO Broadcom Inc. | 1.48% | 2,886,680 | $483.3M | Add +4.4% |
| TSLA Tesla Inc. | 1.40% | 1,769,528 | $458.6M | Reduce -1.8% |
| UNH Unitedhealth Group Inc. | 1.30% | 815,490 | $427.1M | Add +7.4% |
| GOOG Alphabet Inc. Class C | 1.24% | 2,594,622 | $405.4M | Reduce -4.2% |
| JNJ Johnson & Johnson | 0.96% | 1,891,890 | $313.8M | Add +16.7% |
| NFLX Netflix Inc. | 0.92% | 321,811 | $300.1M | Add +23.8% |
| COST Costco Wholesale Corp. | 0.87% | 301,168 | $284.8M | Add +15.2% |
| ABBV Abbvie Inc. | 0.84% | 1,307,079 | $273.9M | Add +20.4% |
| PG The Procter & Gamble Co. | 0.83% | 1,597,183 | $272.2M | Add +14.4% |
| CRM Salesforce Inc. | 0.77% | 934,587 | $250.8M | Add +0.7% |
| LIN Linde PLC | 0.72% | 508,940 | $237.0M | Add +16.8% |
| MA Mastercard Inc. Class A | 0.71% | 422,391 | $231.5M | Reduce -17.3% |
| CSCO Cisco Systems Inc. | 0.67% | 3,528,473 | $217.7M | Add +23.1% |
| WMT Walmart Inc. | 0.64% | 2,390,150 | $209.8M | Reduce -9.1% |
| HD Home Depot Inc. | 0.63% | 562,127 | $206.0M | Reduce -16.2% |
| PEP Pepsico Inc. | 0.62% | 1,357,535 | $203.5M | Add +84.4% |
| WFC Wells Fargo & Co. | 0.62% | 2,806,167 | $201.5M | Add +5.9% |
| PGR Progressive Corp. | 0.52% | 597,877 | $169.2M | Add +27.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.51% | 670,499 | $166.7M | Add +27.5% |
| MRK Merck & Co. Inc. | 0.50% | 1,838,464 | $165.0M | Reduce -2.5% |
| ISRG Intuitive Surgical Inc. | 0.45% | 299,693 | $148.4M | Add +3.1% |
| GS Goldman Sachs Group Inc. | 0.45% | 269,075 | $147.0M | Add +26.7% |
| TMO Thermo Fisher Scientific Inc. | 0.45% | 295,330 | $147.0M | Add +18.7% |
| QCOM Qualcomm Inc. | 0.45% | 948,736 | $145.7M | Add +6.7% |
| VZ Verizon Communications Inc. | 0.44% | 3,150,100 | $142.9M | Add +8.1% |
| AXP American Express Co. | 0.43% | 523,672 | $140.9M | Add +45.2% |
| ACN Accenture PLC Class A | 0.43% | 451,310 | $140.8M | Add +13.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.43% | 3,369,212 | $140.6M | Reduce -10.6% |
| SPGI S&P Global Inc. | 0.42% | 271,017 | $137.7M | Reduce -4.9% |
| AMGN Amgen Inc. | 0.42% | 436,879 | $136.1M | Add +47.0% |
| ORCL Oracle Corp. | 0.41% | 965,997 | $135.1M | Reduce -8.3% |
| KO The Coca-Cola Co. | 0.41% | 1,876,739 | $134.4M | Reduce -29.0% |
| CVX Chevron Corp. | 0.40% | 785,256 | $131.4M | Reduce -37.1% |
| NEE Nextera Energy Inc. | 0.39% | 1,780,890 | $126.2M | Add +0.3% |
| INTU Intuit Inc. | 0.38% | 203,023 | $124.7M | Add +16.2% |
| PANW Palo Alto Networks Inc. | 0.38% | 725,244 | $123.8M | Add +10.3% |
| ADBE Adobe Inc. | 0.37% | 315,867 | $121.1M | Add +4.1% |
| AMAT Applied Materials Inc. | 0.35% | 791,697 | $114.9M | Reduce -13.3% |
| SCHW Schwab (charles) Corp. | 0.35% | 1,448,792 | $113.4M | Add +47.1% |
| GILD Gilead Sciences Inc. | 0.34% | 1,002,798 | $112.4M | Add +24.5% |
| NOW ServiceNow Inc. | 0.34% | 139,279 | $110.9M | Add +3.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.32% | 2,503,604 | $104.7M | Add +105.8% |
| BMY Bristol-Myers Squibb Co. | 0.31% | 1,651,758 | $100.7M | Add +7.2% |
| KLAC KLA Corp. | 0.30% | 146,596 | $99.7M | Add +8.0% |
| CMCSA Comcast Corp. Class A | 0.30% | 2,686,506 | $99.1M | Add +8.6% |
| PLTR Palantir Technologies Inc. Class A | 0.30% | 1,171,636 | $98.9M | Add +5.8% |
| ABT Abbott Laboratories | 0.30% | 745,355 | $98.9M | Reduce -11.4% |
| FISV Fiserv Inc. | 0.30% | 446,283 | $98.6M | Add +13.5% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 481,522 | $96.4M | Reduce -16.0% |
| MCD McDonald's Corp. | 0.29% | 308,168 | $96.3M | Reduce -14.4% |
| ELV Elevance Health Inc. | 0.29% | 215,888 | $93.9M | Add +49.1% |
| PFE Pfizer Inc. | 0.29% | 3,699,411 | $93.7M | Add +15.5% |
| APH Amphenol Corp. Class A | 0.28% | 1,404,603 | $92.1M | Add +128.6% |
| RTX RTX Corp. | 0.28% | 683,554 | $90.5M | Reduce -10.8% |
| BSX Boston Scientific Corp. | 0.28% | 896,443 | $90.4M | Add +22.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 914,358 | $90.2M | Reduce -11.5% |
| TMUS T-Mobile US Inc. | 0.27% | 334,241 | $89.1M | Add +2.7% |
| C Citigroup Inc. | 0.27% | 1,242,859 | $88.2M | Add +30.9% |
| BKNG Booking Holdings Inc. | 0.27% | 18,994 | $87.5M | Add +3.0% |
| ADSK Autodesk Inc. | 0.27% | 333,907 | $87.4M | Add +61.2% |
| T AT&T Inc. | 0.27% | 3,088,328 | $87.3M | Reduce -12.9% |
| SYK Stryker Corp. | 0.26% | 224,729 | $83.7M | Add +12.4% |
| UBER Uber Technologies Inc. | 0.25% | 1,136,248 | $82.8M | Reduce -5.7% |
| AMD Advanced Micro Devices | 0.25% | 803,344 | $82.5M | Reduce -4.0% |
| ALL Allstate Corp. | 0.25% | 395,355 | $81.9M | Add +56.8% |
| MRSH Marsh & McLennan Cos | 0.25% | 332,725 | $81.2M | Add +18.4% |
| CAT Caterpillar Inc. | 0.24% | 236,442 | $78.0M | Reduce -23.8% |
| TXN Texas Instruments Inc. | 0.24% | 431,798 | $77.6M | Reduce -12.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.24% | 159,790 | $77.5M | Reduce -1.6% |
| WM Waste Management Inc. | 0.24% | 333,627 | $77.2M | Add +6.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.23% | 215,970 | $76.1M | Reduce -15.7% |
| ETN Eaton Corp. PLC | 0.23% | 277,780 | $75.5M | Add +47.8% |
| WDAY Workday Inc. Class A | 0.23% | 319,326 | $74.6M | Add +91.9% |
| MRVL Marvell Technology Inc. | 0.23% | 1,209,104 | $74.4M | Reduce -4.4% |
| CB Chubb Ltd. | 0.22% | 241,984 | $73.1M | Reduce -0.2% |
| TT Trane Technologies PLC | 0.22% | 214,689 | $72.3M | Add +38.0% |
| BA The Boeing Co. | 0.22% | 423,258 | $72.2M | Add +6329.6% |
| COR Cencora Inc. | 0.22% | 254,278 | $70.7M | Add +74.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.22% | 2,162,844 | $70.6M | Add +115.5% |
| WMB Williams Cos Inc. | 0.21% | 1,162,363 | $69.5M | Add +29.8% |
| LRCX Lam Research Corp. | 0.21% | 953,261 | $69.3M | Add +1.4% |
| MS Morgan Stanley | 0.20% | 572,923 | $66.8M | Reduce -46.7% |
| CRH CRH PLC | 0.20% | 755,913 | $66.5M | Add +52.1% |
| ADP Automatic Data Processing | 0.20% | 216,443 | $66.1M | Reduce -18.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.20% | 191,118 | $66.0M | Add +9.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 539,982 | $65.8M | Reduce -15.7% |
| UNP Union Pacific Corp. | 0.19% | 265,256 | $62.7M | Reduce -14.5% |
| RSG Republic Services Inc. | 0.19% | 255,835 | $62.0M | Add +15.6% |
| CTAS Cintas Corp. | 0.18% | 293,122 | $60.2M | Add +11.6% |
| NKE Nike Inc. Class B | 0.18% | 947,651 | $60.2M | Reduce -10.9% |
Options reported separately and not counted above: TSLA puts ($275K), MSTR calls ($163K), FTAI puts ($137K), SE calls ($65K), PAAS calls ($44K), HL calls ($37K), KO puts ($19K), BABA calls ($17K), AG calls ($12K), SEDG calls ($12K), RGTI calls ($5K), ENVX calls ($4K), and 3 more.
Other holdings (1): bonds, preferreds, convertibles and warrants · $1K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 39 | $1K | No change |
Total filed on the 13F, all lines: $32.7B.
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -4.4% | 6.83% | −1.05 |
| TSLA Tesla Inc. | Reduce -1.8% | 1.40% | −0.77 |
| GOOG Alphabet Inc. Class C | Reduce -4.2% | 1.24% | −0.30 |
| MS Morgan Stanley | Reduce -46.7% | 0.20% | −0.20 |
| MRVL Marvell Technology Inc. | Reduce -4.4% | 0.23% | −0.19 |
| ROK Rockwell Automation Inc. | Reduce -73.7% | 0.05% | −0.16 |
| HD Home Depot Inc. | Reduce -16.2% | 0.63% | −0.15 |
| CVX Chevron Corp. | Reduce -37.1% | 0.40% | −0.14 |
| BLK BlackRock Inc. | Reduce -37.7% | 0.18% | −0.13 |
| ORCL Oracle Corp. | Reduce -8.3% | 0.41% | −0.11 |
| EQIX Equinix Inc. | Reduce -33.1% | 0.16% | −0.11 |
| CAT Caterpillar Inc. | Reduce -23.8% | 0.24% | −0.10 |
| MA Mastercard Inc. Class A | Reduce -17.3% | 0.71% | −0.10 |
| XYL Xylem Inc. | Reduce -58.6% | 0.07% | −0.09 |
| AMAT Applied Materials Inc. | Reduce -13.3% | 0.35% | −0.09 |
| KO The Coca-Cola Co. | Reduce -29.0% | 0.41% | −0.08 |
| WMT Walmart Inc. | Reduce -9.1% | 0.64% | −0.07 |
| DIS The Walt Disney Co. | Reduce -11.5% | 0.28% | −0.07 |
| BAC Bank of America Corp. | Reduce -10.6% | 0.43% | −0.07 |
| EIX Edison International | Reduce -32.0% | 0.07% | −0.06 |
| EOG EOG Resources Inc. | Reduce -35.8% | 0.13% | −0.06 |
| CBRE CBRE Group Inc. Class A | Reduce -47.3% | 0.07% | −0.06 |
| URI United Rentals Inc. | Reduce -44.6% | 0.06% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -2.5% | 0.50% | −0.06 |
| NKE Nike Inc. Class B | Reduce -10.9% | 0.18% | −0.06 |
| OC Owens Corning | Reduce -76.3% | 0.01% | −0.06 |
| SRE Sempra | Reduce -24.9% | 0.09% | −0.05 |
| DHR Danaher Corp. | Reduce -14.8% | 0.18% | −0.05 |
| VRT Vertiv Holdings Co. Class A | Reduce -36.4% | 0.04% | −0.05 |
| AMD Advanced Micro Devices | Reduce -4.0% | 0.25% | −0.05 |
| UPS United Parcel Service Class B | Reduce -21.8% | 0.11% | −0.05 |
| SBUX Starbucks Corp. | Reduce -30.7% | 0.14% | −0.04 |
| MET Metlife Inc. | Reduce -38.3% | 0.07% | −0.04 |
| TTD Trade Desk Inc./the Class A | Reduce -12.6% | 0.03% | −0.04 |
| SHW The Sherwin-Williams Co. | Reduce -27.5% | 0.14% | −0.04 |
| GWW WW Grainger Inc. | Reduce -35.7% | 0.07% | −0.04 |
| NTAP Netapp Inc. | Reduce -47.9% | 0.03% | −0.04 |
| TXN Texas Instruments Inc. | Reduce -12.7% | 0.24% | −0.04 |
| EA Electronic Arts Inc. | Reduce -44.2% | 0.05% | −0.04 |
| STZ Constellation Brands Inc. Class A | Reduce -39.7% | 0.04% | −0.04 |
| PCG P G & E Corp. | Reduce -26.6% | 0.06% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -14.1% | 0.17% | −0.03 |
| PPG PPG Industries Inc. | Reduce -38.0% | 0.05% | −0.03 |
| CDNS Cadence Design SYS Inc. | Reduce -15.0% | 0.09% | −0.03 |
| INTC Intel Corp. | Reduce -30.7% | 0.13% | −0.03 |
| RF Regions Financial Corp. | Reduce -54.0% | 0.03% | −0.03 |
| BLDR Builders Firstsource Inc. | Reduce -62.5% | 0.02% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -49.4% | 0.04% | −0.03 |
| EMR Emerson Electric Co. | Reduce -19.0% | 0.09% | −0.03 |
| TXRH Texas Roadhouse Inc. | Reduce -89.5% | 0.00% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| V Visa Inc. Class A | Add +20.2% | 1.79% | +0.48 |
| JPM JPMorgan Chase & Co. | Add +17.4% | 1.61% | +0.30 |
| PEP Pepsico Inc. | Add +84.4% | 0.62% | +0.29 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.6% | 1.51% | +0.27 |
| ABBV Abbvie Inc. | Add +20.4% | 0.84% | +0.26 |
| JNJ Johnson & Johnson | Add +16.7% | 0.96% | +0.26 |
| NFLX Netflix Inc. | Add +23.8% | 0.92% | +0.22 |
| LLY Eli Lilly & Co. | Add +5.5% | 1.63% | +0.22 |
| BA The Boeing Co. | Add +6329.6% | 0.22% | +0.22 |
| AMGN Amgen Inc. | Add +47.0% | 0.42% | +0.18 |
| PGR Progressive Corp. | Add +27.9% | 0.52% | +0.18 |
| SLB SLB Ltd. | Add +105.8% | 0.32% | +0.18 |
| LIN Linde PLC | Add +16.8% | 0.72% | +0.18 |
| GLNG Golar LNG Ltd. | New | 0.17% | +0.17 |
| IBM Intl Business Machines Corp. | Add +27.5% | 0.51% | +0.16 |
| CSCO Cisco Systems Inc. | Add +23.1% | 0.67% | +0.16 |
| UNH Unitedhealth Group Inc. | Add +7.4% | 1.30% | +0.16 |
| COST Costco Wholesale Corp. | Add +15.2% | 0.87% | +0.15 |
| APH Amphenol Corp. Class A | Add +128.6% | 0.28% | +0.15 |
| PG The Procter & Gamble Co. | Add +14.4% | 0.83% | +0.13 |
| SCHW Schwab (charles) Corp. | Add +47.1% | 0.35% | +0.13 |
| VICI Vici Properties Inc. | Add +115.5% | 0.22% | +0.13 |
| ELV Elevance Health Inc. | Add +49.1% | 0.29% | +0.13 |
| GILD Gilead Sciences Inc. | Add +24.5% | 0.34% | +0.12 |
| COR Cencora Inc. | Add +74.0% | 0.22% | +0.12 |
| AXP American Express Co. | Add +45.2% | 0.43% | +0.11 |
| ALL Allstate Corp. | Add +56.8% | 0.25% | +0.10 |
| WDAY Workday Inc. Class A | Add +91.9% | 0.23% | +0.10 |
| META Meta Platforms Inc. Class A | Add +3.2% | 2.65% | +0.10 |
| WRB WR Berkley Corp. | Add +84.2% | 0.17% | +0.10 |
| APTV Aptiv PLC | Add +288.8% | 0.12% | +0.09 |
| VZ Verizon Communications Inc. | Add +8.1% | 0.44% | +0.09 |
| GS Goldman Sachs Group Inc. | Add +26.7% | 0.45% | +0.09 |
| ADSK Autodesk Inc. | Add +61.2% | 0.27% | +0.08 |
| UHS Universal Health Services-B | Add +544.9% | 0.10% | +0.08 |
| BSX Boston Scientific Corp. | Add +22.6% | 0.28% | +0.08 |
| TDG Transdigm Group Inc. | Add +1638.7% | 0.09% | +0.08 |
| BRO Brown & Brown Inc. | Add +70.3% | 0.14% | +0.07 |
| VEEV Veeva Systems Inc. Class A | Add +57.1% | 0.17% | +0.07 |
| VRSN Verisign Inc. | Add +203.1% | 0.10% | +0.07 |
| C Citigroup Inc. | Add +30.9% | 0.27% | +0.07 |
| MRSH Marsh & McLennan Cos | Add +18.4% | 0.25% | +0.07 |
| GLPI Gaming and Leisure Propertie | Add +87.4% | 0.14% | +0.07 |
| WMB Williams Cos Inc. | Add +29.8% | 0.21% | +0.07 |
| CRH CRH PLC | Add +52.1% | 0.20% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +18.7% | 0.45% | +0.06 |
| FISV Fiserv Inc. | Add +13.5% | 0.30% | +0.06 |
| PHM Pultegroup Inc. | Add +75.2% | 0.15% | +0.06 |
| LPLA LPL Financial Holdings Inc. | Add +78.3% | 0.13% | +0.06 |
| WFC Wells Fargo & Co. | Add +5.9% | 0.62% | +0.06 |
Options Activity Q4 2024 → Q1 2025
| RCL Royal Caribbean Cruises Ltd. | call | Sold out | 50,000 | $2.6Mbefore exit |
| RIG Transocean Ltd. | put | Sold out | 500,000 | $1.0Mbefore exit |
| NE Noble Corp. PLC | put | Sold out | 100,000 | $550Kbefore exit |
| TSLA Tesla Inc. | put | New | 8,000 | $275K |
| GME Gamestop Corp. Class A | call | Sold out | 120,000 | $186Kbefore exit |
| MSTR Strategy Inc. | call | Reduce -77.6% | 1,500 | $163K |
| FTAI Ftai Aviation Ltd. | put | New | 18,000 | $137K |
| XOM Exxon Mobil Corp. | call | Sold out | 125,000 | $65Kbefore exit |
| HOOD Robinhood Markets Inc. Class A | call | Sold out | 3,500 | $63Kbefore exit |
| SOFI Sofi Technologies Inc. | call | Sold out | 6,000 | $33Kbefore exit |
| NVDA Nvidia Corp. | put | Sold out | 5,000 | $32Kbefore exit |
| KO The Coca-Cola Co. | put | New | 20,000 | $19K |
| BABA Alibaba Group Holding-SP ADR | call | Reduce -71.4% | 400 | $17K |
| SEDG Solaredge Technologies Inc. | call | Reduce -11.8% | 3,000 | $12K |
| EOG EOG Resources Inc. | call | Sold out | 50,000 | $8Kbefore exit |
| NKLAQ Nikola Corp. | call | Sold out | 100,000 | $7Kbefore exit |
| RGTI Rigetti Computing Inc. | call | New | 50,000 | $5K |
| ENVX Enovix Corp. | call | Reduce -60.0% | 6,000 | $4K |
| COST Costco Wholesale Corp. | call | New | 5,000 | $3K |
| QUBT Quantum Computing Inc. | call | New | 60,000 | $2K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,129 | $50.2B | NVDA, AAPL, AMZN, MSFT, GOOGL |
| Q1 2026 | 1,161 | $41.5B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 1,547 | $43.0B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025Amended | 1,472 | $40.2B | NVDA, AAPL, MSFT, AMZN, META |
| Q2 2025 | 1,507 | $40.3B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 1,362 | $32.7B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 1,388 | $33.4B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 1,590 | $30.0B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 1,119 | $27.1B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2024 | 1,022 | $31.9B | MSFT, NVDA, AAPL, AMZN, GOOGL |