KLP Kapitalforvaltning As
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 23, 2025), KLP Kapitalforvaltning As reported 2,188 stock positions worth $23.2 billion. Its top holding was Nvidia (NVDA) at 6.5% of the portfolio, followed by Microsoft (MSFT, 5.9%) and Apple (AAPL, 5.2%). Compared with Q1 2025, it opened 24 new positions, sold out of 89, added to 1,243 and reduced 351. The biggest buy was Nvidia (NVDA, shares +2%) and the biggest sale an exit from Hess (HES).
- Most Recent 13F
- Q2 2026
- Location
- OSLO, Q8
- CIK
- 0001717443
- Portfolio Value
- $23.2B (Q2 2025)
- SEC Filing
- 0001717443-25-000007 ↗ filed Jul 23, 2025
Holdings Value
Holdings 2,188 stocks · $23.2B
| NVDA Nvidia Corp. | 6.46% | 9,471,360 | $1.5B | Add +2.2% |
| MSFT Microsoft Corp. | 5.92% | 2,757,568 | $1.4B | Add +3.4% |
| AAPL Apple Inc. | 5.19% | 5,856,904 | $1.2B | Add +0.6% |
| AMZN Amazon.com Inc. | 3.23% | 3,410,000 | $748.1M | Add +4.9% |
| META Meta Platforms Inc. Class A | 2.56% | 804,110 | $593.5M | Add +3.5% |
| AVGO Broadcom Inc. | 1.94% | 1,626,680 | $448.4M | Add +4.2% |
| GOOGL Alphabet Inc. Class A | 1.69% | 2,220,460 | $391.3M | Add +3.3% |
| TSLA Tesla Inc. | 1.42% | 1,033,510 | $328.3M | Add +4.1% |
| JPM JPMorgan Chase & Co. | 1.41% | 1,123,532 | $325.7M | Add +3.2% |
| GOOG Alphabet Inc. Class C | 1.37% | 1,794,620 | $318.3M | Add +3.1% |
| V Visa Inc. Class A | 1.13% | 736,262 | $261.4M | Add +2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.04% | 496,213 | $241.0M | Add +3.5% |
| NFLX Netflix Inc. | 1.03% | 178,500 | $239.0M | Add +2.7% |
| LLY Eli Lilly & Co. | 1.02% | 304,019 | $237.0M | Add +3.4% |
| MA Mastercard Inc. Class A | 0.88% | 363,134 | $204.1M | Add +2.2% |
| XOM Exxon Mobil Corp. | 0.85% | 1,822,436 | $196.5M | Add +9.8% |
| WMT Walmart Inc. | 0.74% | 1,755,400 | $171.6M | Add +3.0% |
| JNJ Johnson & Johnson | 0.74% | 1,117,314 | $170.7M | Add +3.1% |
| COST Costco Wholesale Corp. | 0.68% | 158,340 | $156.7M | Add +3.9% |
| PG The Procter & Gamble Co. | 0.66% | 964,629 | $153.7M | Add +1.6% |
| HD Home Depot Inc. | 0.63% | 397,042 | $145.6M | Add +3.6% |
| ABBV Abbvie Inc. | 0.59% | 735,872 | $136.6M | Add +2.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.58% | 2,819,941 | $133.4M | Add +6.5% |
| ORCL Oracle Corp. | 0.57% | 602,222 | $131.7M | Add +4.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.56% | 441,830 | $130.2M | Add +2.3% |
| CSCO Cisco Systems Inc. | 0.56% | 1,854,115 | $128.6M | Add +3.7% |
| KO The Coca-Cola Co. | 0.54% | 1,769,745 | $126.0M | Add +4.3% |
| PLTR Palantir Technologies Inc. Class A | 0.47% | 805,900 | $109.9M | Add +5.5% |
| CRM Salesforce Inc. | 0.45% | 382,043 | $104.3M | Add +3.6% |
| SPOT Spotify Technology SA | 0.45% | 135,700 | $104.1M | Add +3.4% |
| T AT&T Inc. | 0.44% | 3,554,964 | $102.9M | Add +2.7% |
| MRK Merck & Co. Inc. | 0.44% | 1,280,070 | $102.2M | Add +4.2% |
| UNH Unitedhealth Group Inc. | 0.44% | 326,335 | $101.8M | Add +3.2% |
| WFC Wells Fargo & Co. | 0.43% | 1,244,975 | $99.7M | Add +3.1% |
| QCOM Qualcomm Inc. | 0.42% | 616,500 | $98.2M | Add +2.3% |
| INTU Intuit Inc. | 0.42% | 123,145 | $97.0M | Add +11.3% |
| GS Goldman Sachs Group Inc. | 0.42% | 136,163 | $96.4M | Add +0.6% |
| ABT Abbott Laboratories | 0.41% | 704,099 | $95.8M | Add +17.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.39% | 730,912 | $91.0M | Add +2.7% |
| BKNG Booking Holdings Inc. | 0.39% | 15,513 | $89.8M | Add +3.3% |
| GILD Gilead Sciences Inc. | 0.38% | 796,208 | $88.3M | Add +2.6% |
| VZ Verizon Communications Inc. | 0.38% | 2,037,024 | $88.1M | Add +3.0% |
| NOW ServiceNow Inc. | 0.37% | 83,685 | $86.0M | Add +2.9% |
| GE General Electric filed as GE AEROSPACE | 0.37% | 330,413 | $85.0M | Add +0.4% |
| AMD Advanced Micro Devices | 0.36% | 581,847 | $82.6M | Add +3.0% |
| MCD McDonald's Corp. | 0.35% | 279,756 | $81.7M | Add +3.1% |
| DE Deere & Co. | 0.35% | 159,529 | $81.3M | Add +1.4% |
| LIN Linde PLC | 0.34% | 170,074 | $79.8M | Add +3.7% |
| ADBE Adobe Inc. | 0.34% | 201,763 | $78.1M | Add +8.5% |
| C Citigroup Inc. | 0.33% | 894,941 | $76.2M | Add +3.3% |
| ACN Accenture PLC Class A | 0.32% | 248,806 | $74.4M | Add +3.2% |
| PFE Pfizer Inc. | 0.31% | 3,007,432 | $72.9M | Add +10.7% |
| AXP American Express Co. | 0.31% | 228,179 | $72.8M | Add +3.1% |
| CVX Chevron Corp. | 0.31% | 507,600 | $72.7M | Reduce -0.2% |
| PEP Pepsico Inc. | 0.31% | 543,096 | $71.7M | Add +3.7% |
| MS Morgan Stanley | 0.30% | 497,089 | $70.0M | Add +3.6% |
| ISRG Intuitive Surgical Inc. | 0.30% | 127,962 | $69.5M | Add +3.9% |
| SPGI S&P Global Inc. | 0.30% | 129,638 | $68.4M | Add +2.9% |
| AMAT Applied Materials Inc. | 0.29% | 372,041 | $68.1M | Add +3.4% |
| TXN Texas Instruments Inc. | 0.29% | 326,485 | $67.8M | Add +2.7% |
| UBER Uber Technologies Inc. | 0.29% | 712,800 | $66.5M | Add +2.4% |
| BMY Bristol-Myers Squibb Co. | 0.29% | 1,433,058 | $66.3M | Add +6.5% |
| COF Capital One Financial Corp. | 0.29% | 311,762 | $66.3M | Add +202.6% |
| BSX Boston Scientific Corp. | 0.28% | 614,056 | $66.0M | Add +4.5% |
| LRCX Lam Research Corp. | 0.28% | 673,080 | $65.6M | Add +2.4% |
| TMUS T-Mobile US Inc. | 0.28% | 274,373 | $65.4M | Add +1.3% |
| PGR Progressive Corp. | 0.26% | 229,568 | $61.3M | Reduce -5.2% |
| ADP Automatic Data Processing | 0.26% | 193,979 | $60.1M | Add +3.7% |
| KLAC KLA Corp. | 0.26% | 66,570 | $59.6M | Add +10.3% |
| ETN Eaton Corp. PLC | 0.26% | 166,689 | $59.5M | Add +17.0% |
| CI The Cigna Group | 0.26% | 179,023 | $59.2M | Add +20.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 470,700 | $58.1M | Reduce -4.8% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 142,683 | $57.9M | Add +4.1% |
| PANW Palo Alto Networks Inc. | 0.25% | 280,542 | $57.4M | Add +3.4% |
| CMCSA Comcast Corp. Class A | 0.24% | 1,590,306 | $56.8M | Add +3.8% |
| TDG Transdigm Group Inc. | 0.24% | 37,292 | $56.7M | Add +4.5% |
| SCHW Schwab (charles) Corp. | 0.24% | 614,372 | $56.1M | Add +4.0% |
| BLK BlackRock Inc. | 0.24% | 52,955 | $55.6M | Add +5.0% |
| GEV GE Vernova Inc. | 0.24% | 104,710 | $55.4M | Reduce -16.2% |
| HWM Howmet Aerospace Inc. | 0.23% | 292,344 | $54.4M | Reduce -11.4% |
| AMGN Amgen Inc. | 0.23% | 192,216 | $53.7M | Add +4.6% |
| NEE Nextera Energy Inc. | 0.23% | 769,612 | $53.4M | Add +0.6% |
| ANET Arista Networks Inc. | 0.23% | 519,900 | $53.2M | Add +3.3% |
| CEG Constellation Energy | 0.23% | 164,214 | $53.0M | Add +6.5% |
| COP Conocophillips | 0.22% | 572,542 | $51.4M | Add +2.6% |
| CME Cme Group Inc. | 0.22% | 185,487 | $51.1M | Add +4.4% |
| ADI Analog Devices Inc. | 0.22% | 213,021 | $50.7M | Add +3.8% |
| UNP Union Pacific Corp. | 0.22% | 217,964 | $50.1M | Add +4.2% |
| CL Colgate-Palmolive Co. | 0.22% | 549,123 | $49.9M | Reduce -2.0% |
| MMM 3M Co. | 0.21% | 326,463 | $49.7M | Add +11.4% |
| MU Micron Technology Inc. | 0.21% | 403,105 | $49.7M | Add +6.2% |
| MCK McKesson Corp. | 0.21% | 66,910 | $49.1M | Add +15.7% |
| TT Trane Technologies PLC | 0.21% | 111,683 | $48.9M | Reduce -3.0% |
| SYK Stryker Corp. | 0.21% | 123,124 | $48.8M | Add +5.5% |
| CTAS Cintas Corp. | 0.21% | 217,500 | $48.5M | Add +3.6% |
| DHR Danaher Corp. | 0.20% | 234,751 | $46.4M | Add +2.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.20% | 89,340 | $45.5M | Add +5.4% |
| WM Waste Management Inc. | 0.20% | 198,653 | $45.5M | Add +3.4% |
| MRSH Marsh & McLennan Cos | 0.20% | 207,574 | $45.4M | Add +5.2% |
| LOW Lowe's Cos Inc. | 0.19% | 202,103 | $44.8M | Add +4.1% |
Portfolio Sells Q1 2025 → Q2 2025
| HES Hess Corp. | Sold out | 0.00% | −0.27 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.14 |
| CVX Chevron Corp. | Reduce -0.2% | 0.31% | −0.10 |
| PGR Progressive Corp. | Reduce -5.2% | 0.26% | −0.07 |
| KMB Kimberly-Clark Corp. | Reduce -28.6% | 0.09% | −0.07 |
| ZTS Zoetis Inc. | Reduce -27.2% | 0.11% | −0.07 |
| GRMN Garmin Ltd. | Reduce -50.1% | 0.05% | −0.07 |
| CMS CMS Energy Corp. | Sold out | 0.00% | −0.06 |
| HOLX Hologic Inc. | Reduce -70.2% | 0.02% | −0.06 |
| REGN Regeneron Pharmaceuticals | Reduce -14.8% | 0.09% | −0.06 |
| NTAP Netapp Inc. | Reduce -62.0% | 0.03% | −0.05 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.05 |
| TJX TJX Companies Inc. | Reduce -4.8% | 0.25% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -2.0% | 0.22% | −0.04 |
| CPAY Corpay Inc. | Reduce -43.8% | 0.04% | −0.04 |
| GEN Gen Digital Inc. | Reduce -39.7% | 0.06% | −0.04 |
| MCO Moody's Corp. | Reduce -14.2% | 0.17% | −0.04 |
| PSA Public Storage | Reduce -20.7% | 0.08% | −0.04 |
| HIG Hartford Insurance Group Inc. | Reduce -11.8% | 0.13% | −0.03 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.03 |
| WBA Walgreens Boots Alliance Inc. | Reduce -78.9% | 0.01% | −0.03 |
| HST Host Hotels & Resorts Inc. | Reduce -69.6% | 0.01% | −0.03 |
| CINF Cincinnati Financial Corp. | Reduce -34.5% | 0.04% | −0.03 |
| RDUS Radius Recycling Inc. Class A | Sold out | 0.00% | −0.02 |
| MTD Mettler-Toledo International | Reduce -30.9% | 0.04% | −0.02 |
| GDDY GoDaddy Inc. Class A | Reduce -5.2% | 0.12% | −0.02 |
| ARE Alexandria Real Estate Equit | Reduce -35.8% | 0.02% | −0.02 |
| VTRS Viatris Inc. | Reduce -65.2% | 0.01% | −0.02 |
| PPG PPG Industries Inc. | Reduce -26.6% | 0.04% | −0.02 |
| OC Owens Corning | Reduce -5.8% | 0.07% | −0.02 |
| CNC Centene Corp. | Reduce -2.7% | 0.06% | −0.02 |
| FICO Fair Isaac Corp. | Reduce -10.4% | 0.07% | −0.02 |
| EPAM Epam Systems Inc. | Reduce -65.2% | 0.01% | −0.02 |
| IPG Interpublic Group of Cos Inc. | Reduce -50.4% | 0.01% | −0.02 |
| PKG Packaging Corp. of America | Reduce -27.3% | 0.03% | −0.02 |
| HPQ HP Inc. | Reduce -1.6% | 0.05% | −0.02 |
| FOXA Fox Corp. Class A | Reduce -1.2% | 0.09% | −0.01 |
| FOX Fox Corp. Class B | Reduce -13.6% | 0.04% | −0.01 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.01 |
| TGT Target Corp. | Reduce -0.2% | 0.07% | −0.01 |
| CSL Carlisle Cos Inc. | Reduce -23.1% | 0.04% | −0.01 |
| OMC Omnicom Group | Reduce -6.7% | 0.03% | −0.01 |
| LEN Lennar Corp. Class A | Reduce -1.3% | 0.07% | −0.01 |
| ROKU Roku Inc. | Reduce -59.9% | 0.01% | −0.01 |
| KMX Carmax Inc. | Reduce -44.8% | 0.01% | −0.01 |
| WTW Willis Towers Watson PLC | Reduce -1.4% | 0.05% | −0.01 |
| OXY Occidental Petroleum Corp. | Reduce -3.7% | 0.03% | −0.01 |
| WDAY Workday Inc. Class A | Reduce -1.0% | 0.10% | −0.01 |
| SWK Stanley Black & Decker Inc. | Reduce -43.0% | 0.01% | −0.01 |
| OVV Ovintiv Inc. | Reduce -39.5% | 0.01% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +2.2% | 6.46% | +1.54 |
| MSFT Microsoft Corp. | Add +3.4% | 5.92% | +1.01 |
| AVGO Broadcom Inc. | Add +4.2% | 1.94% | +0.65 |
| META Meta Platforms Inc. Class A | Add +3.5% | 2.56% | +0.37 |
| NFLX Netflix Inc. | Add +2.7% | 1.03% | +0.24 |
| AMZN Amazon.com Inc. | Add +4.9% | 3.23% | +0.20 |
| COF Capital One Financial Corp. | Add +202.6% | 0.29% | +0.20 |
| ORCL Oracle Corp. | Add +4.5% | 0.57% | +0.17 |
| PLTR Palantir Technologies Inc. Class A | Add +5.5% | 0.47% | +0.16 |
| TSLA Tesla Inc. | Add +4.1% | 1.42% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +3.2% | 1.41% | +0.10 |
| SPOT Spotify Technology SA | Add +3.4% | 0.45% | +0.10 |
| INTU Intuit Inc. | Add +11.3% | 0.42% | +0.09 |
| CEG Constellation Energy | Add +6.5% | 0.23% | +0.08 |
| AMD Advanced Micro Devices | Add +3.0% | 0.36% | +0.07 |
| ETN Eaton Corp. PLC | Add +17.0% | 0.26% | +0.07 |
| APP AppLovin Corp. Class A | Add +35.4% | 0.17% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +3.3% | 1.69% | +0.06 |
| FTNT Fortinet Inc. | Add +52.7% | 0.18% | +0.06 |
| KLAC KLA Corp. | Add +10.3% | 0.26% | +0.06 |
| APH Amphenol Corp. Class A | Add +6.3% | 0.19% | +0.05 |
| NOW ServiceNow Inc. | Add +2.9% | 0.37% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +0.6% | 0.42% | +0.05 |
| MU Micron Technology Inc. | Add +6.2% | 0.21% | +0.05 |
| COIN Coinbase Global Inc. Class A | Add +8.4% | 0.11% | +0.05 |
| PWR Quanta Services Inc. | Add +12.3% | 0.16% | +0.05 |
| TDY Teledyne Technologies Inc. | Add +101.5% | 0.11% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +5.4% | 0.20% | +0.05 |
| BKNG Booking Holdings Inc. | Add +3.3% | 0.39% | +0.05 |
| LRCX Lam Research Corp. | Add +2.4% | 0.28% | +0.05 |
| DIS The Walt Disney Co. | Add +2.7% | 0.39% | +0.05 |
| MSTR Strategy Inc. | Add +17.0% | 0.16% | +0.05 |
| AXON Axon Enterprise Inc. | Add +9.2% | 0.14% | +0.05 |
| GE General Electric | Add +0.4% | 0.37% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +3.1% | 1.37% | +0.04 |
| RBLX Roblox Corp. Class A | Add +16.9% | 0.09% | +0.04 |
| SNOW Snowflake Inc. | Add +14.7% | 0.11% | +0.04 |
| ANET Arista Networks Inc. | Add +3.3% | 0.23% | +0.04 |
| UBER Uber Technologies Inc. | Add +2.4% | 0.29% | +0.04 |
| CDNS Cadence Design SYS Inc. | Add +22.4% | 0.16% | +0.04 |
| AMAT Applied Materials Inc. | Add +3.4% | 0.29% | +0.04 |
| RCL Royal Caribbean Cruises Ltd. | Add +7.0% | 0.13% | +0.04 |
| IBM Intl Business Machines Corp. | Add +2.3% | 0.56% | +0.04 |
| MELI MercadoLibre Inc. | Add +5.2% | 0.18% | +0.04 |
| BAC Bank of America Corp. | Add +6.5% | 0.58% | +0.03 |
| NET Cloudflare Inc. Class A | Add +1.8% | 0.09% | +0.03 |
| COR Cencora Inc. | Add +35.1% | 0.15% | +0.03 |
| VRT Vertiv Holdings Co. Class A | Add +13.8% | 0.08% | +0.03 |
| EME Emcor Group Inc. | Add +8.1% | 0.12% | +0.03 |
| MRVL Marvell Technology Inc. | Add +11.6% | 0.15% | +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 |