Formuepleje A/S
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed August 27, 2026), Formuepleje A/S reported 57 stock positions worth $1.8 billion. Its top holding was Microsoft (MSFT) at 6.6% of the portfolio, followed by Nvidia (NVDA, 5.5%) and Visa Class A (V, 5.5%). Compared with Q4 2024, it opened 7 new positions, sold out of 6, added to 17 and reduced 32. The biggest buy was HDFC Bank Ltd.-ADR (HDB, shares +64%) and the biggest sale Amazon.com (AMZN, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- AARHUS C, G7
- CIK
- 0001801212
- Portfolio Value
- $1.8B (Q1 2025)
- SEC Filing
- 0001172661-26-004094 ↗ filed Aug 27, 2026
Holdings Value
Holdings 57 stocks · $1.8B
| MSFT Microsoft Corp. | 6.57% | 307,232 | $115.3M | Add +2.3% |
| NVDA Nvidia Corp. | 5.49% | 888,617 | $96.3M | Add +7.4% |
| V Visa Inc. Class A | 5.49% | 274,565 | $96.2M | Reduce -12.2% |
| TMO Thermo Fisher Scientific Inc. | 5.41% | 190,561 | $94.8M | Reduce -4.6% |
| HDB HDFC Bank Ltd.-ADR | 5.21% | 1,374,361 | $91.3M | Add +64.0% |
| AZO AutoZone Inc. | 4.14% | 19,067 | $72.7M | Reduce -15.7% |
| MA Mastercard Inc. Class A | 4.13% | 132,127 | $72.4M | Reduce -8.4% |
| UNH Unitedhealth Group Inc. | 4.07% | 136,304 | $71.4M | Add +14.7% |
| IBN Icici Bank Ltd.-Spon ADR | 4.06% | 2,257,010 | $71.1M | Reduce -3.5% |
| FISV Fiserv Inc. | 3.91% | 310,800 | $68.6M | Reduce -5.7% |
| CSL Carlisle Cos Inc. | 3.85% | 198,399 | $67.6M | Add +25.3% |
| GOOGL Alphabet Inc. Class A | 3.56% | 403,673 | $62.4M | Reduce -6.3% |
| ORCL Oracle Corp. | 3.52% | 442,117 | $61.8M | Add +158.3% |
| BSX Boston Scientific Corp. | 2.20% | 382,511 | $38.6M | Reduce -9.2% |
| SCI Service Corp. International | 2.00% | 436,975 | $35.0M | Add +8.1% |
| ADP Automatic Data Processing | 1.94% | 111,127 | $34.0M | Reduce -7.0% |
| SPGI S&P Global Inc. | 1.93% | 66,674 | $33.9M | Reduce -5.5% |
| AMZN Amazon.com Inc. | 1.93% | 177,925 | $33.9M | Reduce -49.3% |
| CARR Carrier Global Corp. | 1.90% | 526,606 | $33.4M | Reduce -46.4% |
| UBER Uber Technologies Inc. | 1.89% | 454,801 | $33.1M | New |
| ELV Elevance Health Inc. | 1.86% | 74,830 | $32.5M | Reduce -17.2% |
| PCTY Paylocity Holding Corp. | 1.84% | 172,232 | $32.3M | Reduce -0.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.82% | 192,013 | $31.9M | Reduce -3.5% |
| POOL Pool Corp. | 1.81% | 99,858 | $31.8M | Add +3.4% |
| MRSH Marsh & McLennan Cos | 1.72% | 123,471 | $30.1M | Reduce -14.9% |
| XYL Xylem Inc. | 1.42% | 208,255 | $24.9M | Add +39.2% |
| RNR Renaissancere Holdings Ltd. | 1.39% | 101,565 | $24.4M | Reduce -14.1% |
| HUBB Hubbell Inc. | 1.39% | 73,422 | $24.3M | Add +31.1% |
| ADI Analog Devices Inc. | 1.32% | 114,797 | $23.2M | Reduce -8.3% |
| CDNS Cadence Design SYS Inc. | 1.18% | 81,607 | $20.8M | Reduce -15.3% |
| CTAS Cintas Corp. | 1.10% | 94,278 | $19.4M | Reduce -19.2% |
| AMAT Applied Materials Inc. | 1.09% | 131,395 | $19.1M | Reduce -13.0% |
| ISRG Intuitive Surgical Inc. | 0.97% | 34,321 | $17.0M | Add +86.4% |
| DHR Danaher Corp. | 0.97% | 82,627 | $16.9M | Reduce -3.2% |
| VOYA Voya Financial Inc. | 0.72% | 186,987 | $12.7M | Reduce -12.9% |
| MRVL Marvell Technology Inc. | 0.70% | 199,994 | $12.3M | New |
| EBAY eBay Inc. | 0.66% | 172,024 | $11.7M | New |
| COO The Cooper Cos Inc. | 0.62% | 129,923 | $11.0M | Reduce -27.3% |
| CFR Cullen/Frost Bankers Inc. | 0.49% | 69,131 | $8.7M | New |
| URI United Rentals Inc. | 0.47% | 13,208 | $8.3M | Add +11.1% |
| NOW ServiceNow Inc. | 0.47% | 10,330 | $8.2M | New |
| WM Waste Management Inc. | 0.35% | 26,657 | $6.2M | Reduce -9.8% |
| A Agilent Technologies Inc. | 0.34% | 50,692 | $5.9M | Add +7.0% |
| TXN Texas Instruments Inc. | 0.21% | 20,020 | $3.6M | Reduce -1.1% |
| UNP Union Pacific Corp. | 0.20% | 15,107 | $3.6M | Add +1.1% |
| MTD Mettler-Toledo International | 0.20% | 3,006 | $3.5M | Add +7.0% |
| SNPS Synopsys Inc. | 0.19% | 7,860 | $3.4M | Add +3.7% |
| ANSS Ansys Inc. | 0.18% | 10,087 | $3.2M | Reduce -1.5% |
| RSG Republic Services Inc. | 0.17% | 12,109 | $2.9M | Reduce -14.2% |
| IEX Idex Corp. | 0.16% | 15,129 | $2.7M | Add +12.8% |
| APH Amphenol Corp. Class A | 0.15% | 41,369 | $2.7M | New |
| WAT Waters Corp. | 0.15% | 7,294 | $2.7M | Reduce -44.7% |
| VLTO Veralto Corp. | 0.14% | 25,951 | $2.5M | Reduce -10.5% |
| ADSK Autodesk Inc. | 0.14% | 9,577 | $2.5M | Reduce -9.9% |
| AOS Smith (a.o.) Corp. | 0.10% | 26,226 | $1.7M | New |
| FERG Ferguson Enterprises Inc. | 0.09% | 13,540 | $1.7M | Reduce -3.4% |
| JNJ Johnson & Johnson | 0.01% | 1,419 | $235K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| AMZN Amazon.com Inc. | Reduce -49.3% | 1.93% | −2.22 |
| DE Deere & Co. | Sold out | 0.00% | −1.78 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −1.74 |
| CARR Carrier Global Corp. | Reduce -46.4% | 1.90% | −1.71 |
| WSO Watsco Inc. | Sold out | 0.00% | −1.68 |
| GOOGL Alphabet Inc. Class A | Reduce -6.3% | 3.56% | −0.84 |
| CDNS Cadence Design SYS Inc. | Reduce -15.3% | 1.18% | −0.38 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -3.5% | 1.82% | −0.30 |
| COO The Cooper Cos Inc. | Reduce -27.3% | 0.62% | −0.26 |
| AMAT Applied Materials Inc. | Reduce -13.0% | 1.09% | −0.24 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.6% | 5.41% | −0.20 |
| RNR Renaissancere Holdings Ltd. | Reduce -14.1% | 1.39% | −0.20 |
| CGNX Cognex Corp. | Sold out | 0.00% | −0.14 |
| ADI Analog Devices Inc. | Reduce -8.3% | 1.32% | −0.11 |
| WAT Waters Corp. | Reduce -44.7% | 0.15% | −0.11 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.10 |
| DHR Danaher Corp. | Reduce -3.2% | 0.97% | −0.09 |
| VOYA Voya Financial Inc. | Reduce -12.9% | 0.72% | −0.07 |
| CTAS Cintas Corp. | Reduce -19.2% | 1.10% | −0.04 |
| ADSK Autodesk Inc. | Reduce -9.9% | 0.14% | −0.03 |
| PCTY Paylocity Holding Corp. | Reduce -0.7% | 1.84% | −0.03 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.02 |
| VLTO Veralto Corp. | Reduce -10.5% | 0.14% | −0.02 |
| FERG Ferguson Enterprises Inc. | Reduce -3.4% | 0.09% | −0.01 |
| ANSS Ansys Inc. | Reduce -1.5% | 0.18% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -1.1% | 0.21% | +0.00 |
| RSG Republic Services Inc. | Reduce -14.2% | 0.17% | +0.01 |
| WM Waste Management Inc. | Reduce -9.8% | 0.35% | +0.03 |
| MA Mastercard Inc. Class A | Reduce -8.4% | 4.13% | +0.03 |
| SPGI S&P Global Inc. | Reduce -5.5% | 1.93% | +0.04 |
| ADP Automatic Data Processing | Reduce -7.0% | 1.94% | +0.05 |
| MRSH Marsh & McLennan Cos | Reduce -14.9% | 1.72% | +0.06 |
| ELV Elevance Health Inc. | Reduce -17.2% | 1.86% | +0.06 |
| V Visa Inc. Class A | Reduce -12.2% | 5.49% | +0.16 |
| BSX Boston Scientific Corp. | Reduce -9.2% | 2.20% | +0.17 |
| AZO AutoZone Inc. | Reduce -15.7% | 4.14% | +0.24 |
| FISV Fiserv Inc. | Reduce -5.7% | 3.91% | +0.26 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -3.5% | 4.06% | +0.29 |
Portfolio Buys Q4 2024 → Q1 2025
| HDB HDFC Bank Ltd.-ADR | Add +64.0% | 5.21% | +2.32 |
| ORCL Oracle Corp. | Add +158.3% | 3.52% | +1.98 |
| UBER Uber Technologies Inc. | New | 1.89% | +1.89 |
| UNH Unitedhealth Group Inc. | Add +14.7% | 4.07% | +0.83 |
| MRVL Marvell Technology Inc. | New | 0.70% | +0.70 |
| CSL Carlisle Cos Inc. | Add +25.3% | 3.85% | +0.70 |
| EBAY eBay Inc. | New | 0.66% | +0.66 |
| CFR Cullen/Frost Bankers Inc. | New | 0.49% | +0.49 |
| XYL Xylem Inc. | Add +39.2% | 1.42% | +0.48 |
| NOW ServiceNow Inc. | New | 0.47% | +0.47 |
| ISRG Intuitive Surgical Inc. | Add +86.4% | 0.97% | +0.45 |
| SCI Service Corp. International | Add +8.1% | 2.00% | +0.26 |
| APH Amphenol Corp. Class A | New | 0.15% | +0.15 |
| HUBB Hubbell Inc. | Add +31.1% | 1.39% | +0.12 |
| AOS Smith (a.o.) Corp. | New | 0.10% | +0.10 |
| POOL Pool Corp. | Add +3.4% | 1.81% | +0.04 |
| URI United Rentals Inc. | Add +11.1% | 0.47% | +0.02 |
| UNP Union Pacific Corp. | Add +1.1% | 0.20% | +0.02 |
| MTD Mettler-Toledo International | Add +7.0% | 0.20% | +0.02 |
| IEX Idex Corp. | Add +12.8% | 0.16% | +0.00 |
| A Agilent Technologies Inc. | Add +7.0% | 0.34% | −0.01 |
| SNPS Synopsys Inc. | Add +3.7% | 0.19% | −0.01 |
| MSFT Microsoft Corp. | Add +2.3% | 6.57% | −0.26 |
| NVDA Nvidia Corp. | Add +7.4% | 5.49% | −0.50 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 96 | $1.3B | NVDA, GOOGL, TSM, IBN, MA |
| Q1 2026 | 65 | $1.1B | NVDA, MSFT, MA, TMO, GOOGL |
| Q4 2025 | 52 | $1.7B | MSFT, NVDA, TMO, V, TSM |
| Q3 2025 | 50 | $1.8B | MSFT, NVDA, TMO, TSM, GOOGL |
| Q2 2025 | 57 | $1.8B | MSFT, NVDA, V, TMO, HDB |
| Q1 2025 | 57 | $1.8B | MSFT, NVDA, V, TMO, HDB |
| Q4 2024 | 56 | $1.9B | MSFT, NVDA, TMO, V, GOOGL |
| Q3 2024 | 56 | $2.0B | MSFT, NVDA, TMO, V, CARR |
| Q2 2024 | 56 | $1.8B | MSFT, TMO, NVDA, V, MA |
| Q1 2024 | 91 | $1.8B | MSFT, TMO, V, NVDA, MA |