KLP Kapitalforvaltning As
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), KLP Kapitalforvaltning As reported 2,252 stock positions worth $20.4 billion. Its top holding was Apple (AAPL) at 6.3% of the portfolio, followed by Nvidia (NVDA, 4.9%) and Microsoft (MSFT, 4.9%). Compared with Q4 2024, it opened 40 new positions, sold out of 78, added to 601 and reduced 512. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +2%) and the biggest sale Netapp (NTAP, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- OSLO, Q8
- CIK
- 0001717443
- Portfolio Value
- $20.4B (Q1 2025)
- SEC Filing
- 0001717443-25-000004 ↗ filed May 6, 2025
Holdings Value
Holdings 2,252 stocks · $20.4B
| AAPL Apple Inc. | 6.34% | 5,820,604 | $1.3B | Add +0.4% |
| NVDA Nvidia Corp. | 4.92% | 9,266,060 | $1.0B | Add +1.5% |
| MSFT Microsoft Corp. | 4.91% | 2,667,768 | $1.0B | Add +0.7% |
| AMZN Amazon.com Inc. | 3.03% | 3,250,600 | $618.5M | Add +2.2% |
| META Meta Platforms Inc. Class A | 2.19% | 776,810 | $447.7M | Add +1.8% |
| GOOGL Alphabet Inc. Class A | 1.63% | 2,148,660 | $332.3M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 1.33% | 1,740,120 | $271.9M | Add +1.0% |
| JPM JPMorgan Chase & Co. | 1.31% | 1,088,832 | $267.1M | Add +0.8% |
| AVGO Broadcom Inc. | 1.28% | 1,561,180 | $261.4M | Add +2.5% |
| TSLA Tesla Inc. | 1.26% | 993,210 | $257.4M | Add +2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.25% | 479,613 | $255.4M | Add +2.4% |
| V Visa Inc. Class A | 1.23% | 715,962 | $250.9M | Add +4.3% |
| LLY Eli Lilly & Co. | 1.19% | 294,019 | $242.8M | Add +1.8% |
| XOM Exxon Mobil Corp. | 0.97% | 1,660,436 | $197.5M | Add +0.7% |
| MA Mastercard Inc. Class A | 0.95% | 355,334 | $194.8M | Add +0.1% |
| JNJ Johnson & Johnson | 0.88% | 1,083,614 | $179.7M | Add +3.4% |
| UNH Unitedhealth Group Inc. | 0.81% | 316,235 | $165.6M | Add +1.5% |
| NFLX Netflix Inc. | 0.79% | 173,800 | $162.1M | Add +0.3% |
| PG The Procter & Gamble Co. | 0.79% | 948,929 | $161.7M | Reduce -1.0% |
| ABBV Abbvie Inc. | 0.74% | 716,772 | $150.2M | Add +1.9% |
| WMT Walmart Inc. | 0.74% | 1,704,300 | $150.0M | Add +3.5% |
| COST Costco Wholesale Corp. | 0.71% | 152,340 | $144.1M | Reduce -2.8% |
| HD Home Depot Inc. | 0.69% | 383,042 | $140.4M | Add +5.3% |
| KO The Coca-Cola Co. | 0.60% | 1,697,300 | $122.3M | Reduce -4.0% |
| MRK Merck & Co. Inc. | 0.54% | 1,228,070 | $111.1M | Add +7.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.54% | 2,647,541 | $110.5M | Add +0.7% |
| CSCO Cisco Systems Inc. | 0.54% | 1,788,715 | $110.4M | Add +0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.53% | 431,830 | $107.4M | Add +0.7% |
| CRM Salesforce Inc. | 0.49% | 368,843 | $99.0M | Add +1.3% |
| T AT&T Inc. | 0.48% | 3,460,864 | $97.9M | Reduce -4.3% |
| QCOM Qualcomm Inc. | 0.45% | 602,600 | $92.6M | Add +21.2% |
| VZ Verizon Communications Inc. | 0.44% | 1,977,024 | $89.7M | Add +0.9% |
| GILD Gilead Sciences Inc. | 0.43% | 776,108 | $87.0M | Add +2.9% |
| WFC Wells Fargo & Co. | 0.42% | 1,207,475 | $86.7M | Reduce -0.3% |
| CVX Chevron Corp. | 0.42% | 508,600 | $85.1M | Reduce -2.6% |
| MCD McDonald's Corp. | 0.42% | 271,256 | $84.7M | Add +1.6% |
| BMY Bristol-Myers Squibb Co. | 0.40% | 1,345,458 | $82.1M | Add +4.6% |
| ORCL Oracle Corp. | 0.39% | 576,122 | $80.5M | Add +2.4% |
| ABT Abbott Laboratories | 0.39% | 598,799 | $79.4M | Add +2.5% |
| PEP Pepsico Inc. | 0.39% | 523,896 | $78.6M | Add +1.7% |
| LIN Linde PLC | 0.37% | 163,974 | $76.4M | Reduce -1.4% |
| ACN Accenture PLC Class A | 0.37% | 241,006 | $75.2M | Add +1.1% |
| DE Deere & Co. | 0.36% | 157,329 | $74.1M | Reduce -2.0% |
| GS Goldman Sachs Group Inc. | 0.36% | 135,363 | $73.9M | No change |
| SPOT Spotify Technology SA | 0.35% | 131,300 | $72.2M | Add +3.9% |
| TMUS T-Mobile US Inc. | 0.35% | 270,773 | $72.2M | Reduce -6.3% |
| ADBE Adobe Inc. | 0.35% | 185,963 | $71.3M | Add +1.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 711,812 | $70.3M | Add +1.2% |
| BKNG Booking Holdings Inc. | 0.34% | 15,013 | $69.2M | Add +6.4% |
| PFE Pfizer Inc. | 0.34% | 2,717,532 | $68.9M | Reduce -0.1% |
| PGR Progressive Corp. | 0.34% | 242,068 | $68.5M | Reduce -2.7% |
| TMO Thermo Fisher Scientific Inc. | 0.33% | 137,083 | $68.3M | Add +1.3% |
| INTU Intuit Inc. | 0.33% | 110,615 | $67.9M | Add +0.2% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 329,013 | $66.0M | Reduce -0.7% |
| NOW ServiceNow Inc. | 0.32% | 81,365 | $64.8M | Add +2.4% |
| PLTR Palantir Technologies Inc. Class A | 0.32% | 764,100 | $64.5M | Add +11.1% |
| SPGI S&P Global Inc. | 0.31% | 126,038 | $64.0M | Add +0.5% |
| C Citigroup Inc. | 0.30% | 866,541 | $61.5M | Reduce -1.5% |
| ISRG Intuitive Surgical Inc. | 0.30% | 123,162 | $61.0M | Add +3.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.30% | 494,500 | $60.2M | Add +0.7% |
| AXP American Express Co. | 0.29% | 221,379 | $59.6M | Add +6.7% |
| BSX Boston Scientific Corp. | 0.29% | 587,756 | $59.3M | Reduce -1.3% |
| COP Conocophillips | 0.29% | 558,142 | $58.6M | Add +1.4% |
| AMD Advanced Micro Devices | 0.28% | 565,047 | $58.1M | Add +3.6% |
| ADP Automatic Data Processing | 0.28% | 187,079 | $57.4M | Add +0.7% |
| AMGN Amgen Inc. | 0.28% | 183,716 | $57.2M | Add +1.9% |
| TXN Texas Instruments Inc. | 0.28% | 317,785 | $57.1M | Add +3.5% |
| CMCSA Comcast Corp. Class A | 0.28% | 1,532,006 | $56.5M | Add +6.2% |
| MS Morgan Stanley | 0.27% | 479,989 | $56.0M | Reduce -0.7% |
| HES Hess Corp. | 0.27% | 340,154 | $54.3M | Add +7.3% |
| NEE Nextera Energy Inc. | 0.27% | 765,212 | $54.2M | Add +5.5% |
| CL Colgate-Palmolive Co. | 0.26% | 560,423 | $52.5M | Add +5.2% |
| AMAT Applied Materials Inc. | 0.26% | 359,841 | $52.2M | Reduce -5.8% |
| UBER Uber Technologies Inc. | 0.25% | 696,200 | $50.7M | Reduce -6.3% |
| UNP Union Pacific Corp. | 0.24% | 209,164 | $49.4M | Add +1.9% |
| TDG Transdigm Group Inc. | 0.24% | 35,692 | $49.4M | Add +2.0% |
| CI The Cigna Group | 0.24% | 149,023 | $49.0M | Reduce -20.2% |
| MRSH Marsh & McLennan Cos | 0.24% | 197,374 | $48.2M | Reduce -9.3% |
| LRCX Lam Research Corp. | 0.23% | 657,280 | $47.9M | Add +3.0% |
| BLK BlackRock Inc. | 0.23% | 50,455 | $47.8M | Add +0.8% |
| FISV Fiserv Inc. | 0.23% | 214,836 | $47.4M | Add +1.9% |
| CME Cme Group Inc. | 0.23% | 177,687 | $47.1M | Add +46.0% |
| DHR Danaher Corp. | 0.23% | 228,751 | $47.0M | Add +2.3% |
| PANW Palo Alto Networks Inc. | 0.23% | 271,442 | $46.3M | Add +3.5% |
| SCHW Schwab (charles) Corp. | 0.23% | 590,472 | $46.2M | Add +9.6% |
| LOW Lowe's Cos Inc. | 0.22% | 194,103 | $45.3M | Add +0.9% |
| CB Chubb Ltd. | 0.22% | 146,902 | $44.5M | Reduce -2.9% |
| WM Waste Management Inc. | 0.22% | 192,053 | $44.5M | Add +1.0% |
| MDT Medtronic PLC | 0.22% | 489,287 | $44.3M | Add +0.6% |
| EXC Exelon Corp. | 0.21% | 948,544 | $43.7M | Add +0.3% |
| SYK Stryker Corp. | 0.21% | 116,724 | $43.5M | Add +0.9% |
| CTAS Cintas Corp. | 0.21% | 209,900 | $43.1M | Add +1.6% |
| MMM 3M Co. | 0.21% | 293,163 | $43.1M | Reduce -15.9% |
| HWM Howmet Aerospace Inc. | 0.21% | 330,144 | $42.8M | Reduce -3.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.21% | 87,741 | $42.5M | Add +0.9% |
| MCO Moody's Corp. | 0.21% | 90,061 | $41.9M | Add +1.0% |
| ADI Analog Devices Inc. | 0.20% | 205,321 | $41.4M | Add +3.1% |
| KLAC KLA Corp. | 0.20% | 60,370 | $41.0M | Add +0.5% |
| ANET Arista Networks Inc. | 0.19% | 503,400 | $39.0M | Add +2.3% |
| MCK McKesson Corp. | 0.19% | 57,810 | $38.9M | Add +1.6% |
Portfolio Sells Q4 2024 → Q1 2025
| NTAP Netapp Inc. | Reduce -25.4% | 0.08% | −0.06 |
| VMRK Vivmark Residential | Reduce -52.8% | 0.04% | −0.04 |
| GDDY GoDaddy Inc. Class A | Reduce -18.7% | 0.14% | −0.04 |
| FICO Fair Isaac Corp. | Reduce -29.4% | 0.09% | −0.04 |
| PYPL PayPal Holdings Inc. | Reduce -2.1% | 0.14% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -5.8% | 0.26% | −0.04 |
| NKE Nike Inc. Class B | Reduce -7.0% | 0.14% | −0.03 |
| MTD Mettler-Toledo International | Reduce -31.4% | 0.06% | −0.03 |
| XYZ Block Inc. | Reduce -2.8% | 0.05% | −0.03 |
| CAH Cardinal Health Inc. | Reduce -39.1% | 0.07% | −0.03 |
| EA Electronic Arts Inc. | Reduce -31.8% | 0.06% | −0.03 |
| LW Lamb Weston Holdings Inc. | Reduce -74.3% | 0.01% | −0.03 |
| NUE Nucor Corp. | Reduce -37.0% | 0.05% | −0.02 |
| APA Apa Corp. | Reduce -74.5% | 0.01% | −0.02 |
| DBX Dropbox Inc. Class A | Reduce -12.0% | 0.10% | −0.02 |
| PWR Quanta Services Inc. | Reduce -0.1% | 0.11% | −0.02 |
| ENPH Enphase Energy Inc. | Reduce -70.7% | 0.01% | −0.02 |
| EME Emcor Group Inc. | Reduce -1.2% | 0.09% | −0.02 |
| CMI Cummins Inc. | Reduce -2.1% | 0.18% | −0.02 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -11.8% | 0.03% | −0.02 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.01 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -45.4% | 0.02% | −0.01 |
| ON On Semiconductor | Reduce -0.1% | 0.03% | −0.01 |
| MS Morgan Stanley | Reduce -0.7% | 0.27% | −0.01 |
| CUK Carnival PLC-ADR | Reduce -11.3% | 0.03% | −0.01 |
| EXPD Expeditors Intl Wash Inc. | Reduce -26.4% | 0.06% | −0.01 |
| WSM Williams-Sonoma Inc. | Reduce -3.8% | 0.07% | −0.01 |
| TEAM Atlassian Corp. Class A | Reduce -3.1% | 0.08% | −0.01 |
| TTC Toro Co. | Reduce -59.9% | 0.01% | −0.01 |
| MOS The Mosaic Co. | Reduce -62.8% | 0.01% | −0.01 |
| GWW WW Grainger Inc. | Reduce -6.4% | 0.11% | −0.01 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.01 |
| RSG Republic Services Inc. | Reduce -26.3% | 0.12% | −0.01 |
| STLD Steel Dynamics Inc. | Reduce -33.9% | 0.03% | −0.01 |
| DINO HF Sinclair Corp. | Reduce -28.5% | 0.02% | −0.01 |
| GPRE Green Plains Inc. | Reduce -2.8% | 0.01% | −0.01 |
| CRL Charles River Laboratories | Reduce -49.2% | 0.01% | −0.01 |
| CCK Crown Holdings Inc. | Reduce -38.0% | 0.02% | −0.01 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.01 |
| GEV GE Vernova Inc. | Reduce -0.1% | 0.19% | −0.01 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -1.2% | 0.12% | −0.01 |
| L Loews Corp. | Reduce -21.5% | 0.05% | −0.01 |
| CSX CSX Corp. | Reduce -1.0% | 0.10% | −0.01 |
| MKTX Marketaxess Holdings Inc. | Reduce -47.1% | 0.01% | −0.01 |
| BBY Best Buy Co. Inc. | Reduce -2.7% | 0.04% | −0.01 |
| HSIC Henry Schein Inc. | Reduce -46.7% | 0.01% | −0.01 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.01 |
| TFX Teleflex Inc. | Reduce -39.2% | 0.01% | −0.01 |
| WIX Wix.com Ltd. | Reduce -14.6% | 0.01% | −0.01 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.4% | 1.25% | +0.25 |
| V Visa Inc. Class A | Add +4.3% | 1.23% | +0.20 |
| JNJ Johnson & Johnson | Add +3.4% | 0.88% | +0.16 |
| ABBV Abbvie Inc. | Add +1.9% | 0.74% | +0.14 |
| LLY Eli Lilly & Co. | Add +1.8% | 1.19% | +0.13 |
| XOM Exxon Mobil Corp. | Add +0.7% | 0.97% | +0.13 |
| GILD Gilead Sciences Inc. | Add +2.9% | 0.43% | +0.10 |
| CME Cme Group Inc. | Add +46.0% | 0.23% | +0.09 |
| QCOM Qualcomm Inc. | Add +21.2% | 0.45% | +0.09 |
| SPOT Spotify Technology SA | Add +3.9% | 0.35% | +0.09 |
| JPM JPMorgan Chase & Co. | Add +0.8% | 1.31% | +0.08 |
| IBM Intl Business Machines Corp. | Add +0.7% | 0.53% | +0.08 |
| META Meta Platforms Inc. Class A | Add +1.8% | 2.19% | +0.08 |
| ABT Abbott Laboratories | Add +2.5% | 0.39% | +0.08 |
| PLTR Palantir Technologies Inc. Class A | Add +11.1% | 0.32% | +0.07 |
| MA Mastercard Inc. Class A | Add +0.1% | 0.95% | +0.07 |
| VZ Verizon Communications Inc. | Add +0.9% | 0.44% | +0.07 |
| HES Hess Corp. | Add +7.3% | 0.27% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +1.5% | 0.81% | +0.07 |
| NFLX Netflix Inc. | Add +0.3% | 0.79% | +0.06 |
| AMGN Amgen Inc. | Add +1.9% | 0.28% | +0.06 |
| BMY Bristol-Myers Squibb Co. | Add +4.6% | 0.40% | +0.06 |
| ZTS Zoetis Inc. | Add +41.1% | 0.17% | +0.06 |
| WPC WP Carey Inc. | Add +140.5% | 0.09% | +0.06 |
| LYB Lyondellbasell Indu Class A | Add +166.2% | 0.08% | +0.05 |
| MCD McDonald's Corp. | Add +1.6% | 0.42% | +0.05 |
| UAL United Airlines Holdings Inc. | New | 0.05% | +0.05 |
| EXC Exelon Corp. | Add +0.3% | 0.21% | +0.05 |
| FFIV F5 Inc. | Add +30.2% | 0.15% | +0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.9% | 0.21% | +0.04 |
| FOXA Fox Corp. Class A | Add +34.5% | 0.11% | +0.04 |
| CSCO Cisco Systems Inc. | Add +0.2% | 0.54% | +0.04 |
| BIIB Biogen Inc. | Add +69.0% | 0.10% | +0.04 |
| SCHW Schwab (charles) Corp. | Add +9.6% | 0.23% | +0.04 |
| MCK McKesson Corp. | Add +1.6% | 0.19% | +0.04 |
| CTSH Cognizant Tech Solutions-A | Add +36.7% | 0.13% | +0.04 |
| WM Waste Management Inc. | Add +1.0% | 0.22% | +0.04 |
| NEM Newmont Corp. | Add +1.2% | 0.13% | +0.03 |
| WELL Welltower Inc. | Add +1.1% | 0.16% | +0.03 |
| KVUE Kenvue Inc. | Add +27.8% | 0.10% | +0.03 |
| AJG Arthur J Gallagher & Co. | Add +3.5% | 0.15% | +0.03 |
| ELV Elevance Health Inc. | Add +1.0% | 0.18% | +0.03 |
| CTAS Cintas Corp. | Add +1.6% | 0.21% | +0.03 |
| CF CF Industries Holdings Inc. | Add +117.6% | 0.06% | +0.03 |
| ORLY O'reilly Automotive Inc. | Add +3.0% | 0.14% | +0.03 |
| K Kellanova | Add +75.9% | 0.07% | +0.03 |
| TDG Transdigm Group Inc. | Add +2.0% | 0.24% | +0.03 |
| AMT American Tower Corp. | Add +0.9% | 0.17% | +0.03 |
| MDT Medtronic PLC | Add +0.6% | 0.22% | +0.03 |
| CHKP Check Point Software Tech | Add +1.9% | 0.14% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,137 | $31.0B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q1 2026 | 2,150 | $25.5B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 2,165 | $25.9B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 2,171 | $25.2B | NVDA, AAPL, MSFT, AMZN, META |
| Q2 2025 | 2,188 | $23.2B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 2,252 | $20.4B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 2,288 | $21.1B | AAPL, NVDA, MSFT, AMZN, META |