KLP Kapitalforvaltning As
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), KLP Kapitalforvaltning As reported 2,171 stock positions worth $25.2 billion. Its top holding was Nvidia (NVDA) at 7.0% of the portfolio, followed by Apple (AAPL, 5.9%) and Microsoft (MSFT, 5.7%). Compared with Q2 2025, it opened 37 new positions, sold out of 54, added to 702 and reduced 305. The biggest buy was Alphabet Class A (GOOGL, shares +6%) and the biggest sale Meta Platforms Class A (META, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- OSLO, Q8
- CIK
- 0001717443
- Portfolio Value
- $25.2B (Q3 2025)
- SEC Filing
- 0001717443-25-000010 ↗ filed Oct 23, 2025
Holdings Value
Holdings 2,171 stocks · $25.2B
| NVDA Nvidia Corp. | 7.02% | 9,491,060 | $1.8B | Add +0.2% |
| AAPL Apple Inc. | 5.89% | 5,837,404 | $1.5B | Reduce -0.3% |
| MSFT Microsoft Corp. | 5.74% | 2,798,268 | $1.4B | Add +1.5% |
| AMZN Amazon.com Inc. | 2.98% | 3,422,300 | $751.4M | Add +0.4% |
| META Meta Platforms Inc. Class A | 2.33% | 801,710 | $588.8M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 2.27% | 2,360,460 | $573.8M | Add +6.3% |
| AVGO Broadcom Inc. | 2.12% | 1,621,280 | $534.9M | Reduce -0.3% |
| TSLA Tesla Inc. | 1.94% | 1,098,110 | $488.4M | Add +6.3% |
| GOOG Alphabet Inc. Class C | 1.82% | 1,882,220 | $458.4M | Add +4.9% |
| JPM JPMorgan Chase & Co. | 1.41% | 1,124,032 | $354.6M | Add +0.0% |
| V Visa Inc. Class A | 1.01% | 744,662 | $254.2M | Add +1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.00% | 503,513 | $253.1M | Add +1.5% |
| LLY Eli Lilly & Co. | 0.92% | 304,719 | $232.5M | Add +0.2% |
| MA Mastercard Inc. Class A | 0.85% | 378,034 | $215.0M | Add +4.1% |
| NFLX Netflix Inc. | 0.85% | 178,900 | $214.5M | Add +0.2% |
| XOM Exxon Mobil Corp. | 0.82% | 1,845,336 | $208.1M | Add +1.3% |
| JNJ Johnson & Johnson | 0.78% | 1,060,514 | $196.6M | Reduce -5.1% |
| WMT Walmart Inc. | 0.70% | 1,725,900 | $177.9M | Reduce -1.7% |
| ABBV Abbvie Inc. | 0.68% | 744,472 | $172.4M | Add +1.2% |
| ORCL Oracle Corp. | 0.68% | 609,922 | $171.5M | Add +1.3% |
| HD Home Depot Inc. | 0.64% | 396,342 | $160.6M | Reduce -0.2% |
| PLTR Palantir Technologies Inc. Class A | 0.61% | 848,800 | $154.8M | Add +5.3% |
| PG The Procter & Gamble Co. | 0.59% | 966,529 | $148.5M | Add +0.2% |
| COST Costco Wholesale Corp. | 0.58% | 158,640 | $146.8M | Add +0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.58% | 2,823,541 | $145.7M | Add +0.1% |
| CVX Chevron Corp. | 0.54% | 871,897 | $135.4M | Add +71.8% |
| CSCO Cisco Systems Inc. | 0.49% | 1,813,915 | $124.1M | Reduce -2.2% |
| KO The Coca-Cola Co. | 0.49% | 1,842,945 | $123.0M | Add +4.1% |
| UNH Unitedhealth Group Inc. | 0.47% | 345,935 | $119.5M | Add +6.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.45% | 401,630 | $113.3M | Reduce -9.1% |
| MRK Merck & Co. Inc. | 0.44% | 1,324,170 | $112.0M | Add +3.5% |
| WFC Wells Fargo & Co. | 0.44% | 1,310,375 | $109.8M | Add +5.3% |
| T AT&T Inc. | 0.43% | 3,804,564 | $107.4M | Add +7.0% |
| GS Goldman Sachs Group Inc. | 0.42% | 134,563 | $107.2M | Reduce -1.2% |
| QCOM Qualcomm Inc. | 0.41% | 619,900 | $103.1M | Add +0.6% |
| GE General Electric filed as GE AEROSPACE | 0.39% | 329,813 | $99.3M | Reduce -0.2% |
| ABT Abbott Laboratories | 0.38% | 711,099 | $95.2M | Add +1.0% |
| AMD Advanced Micro Devices | 0.37% | 581,147 | $94.0M | Reduce -0.1% |
| SPOT Spotify Technology SA | 0.37% | 133,500 | $93.2M | Reduce -1.6% |
| VZ Verizon Communications Inc. | 0.36% | 2,091,924 | $91.9M | Add +2.7% |
| CRM Salesforce Inc. | 0.36% | 385,343 | $91.5M | Add +0.9% |
| MCD McDonald's Corp. | 0.36% | 295,956 | $89.9M | Add +5.8% |
| C Citigroup Inc. | 0.35% | 876,641 | $89.0M | Reduce -2.0% |
| GILD Gilead Sciences Inc. | 0.35% | 796,308 | $88.4M | Add +0.0% |
| LRCX Lam Research Corp. | 0.35% | 651,680 | $87.4M | Reduce -3.2% |
| INTU Intuit Inc. | 0.34% | 125,390 | $85.6M | Add +1.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 733,512 | $84.0M | Add +0.4% |
| BKNG Booking Holdings Inc. | 0.33% | 15,513 | $83.8M | No change |
| LIN Linde PLC | 0.32% | 171,074 | $81.3M | Add +0.6% |
| MS Morgan Stanley | 0.31% | 495,889 | $78.8M | Reduce -0.2% |
| PFE Pfizer Inc. | 0.31% | 3,089,732 | $78.7M | Add +2.7% |
| NOW ServiceNow Inc. | 0.31% | 84,725 | $78.0M | Add +1.2% |
| PEP Pepsico Inc. | 0.30% | 546,796 | $76.8M | Add +0.7% |
| ANET Arista Networks Inc. | 0.30% | 518,600 | $75.6M | Reduce -0.3% |
| AMAT Applied Materials Inc. | 0.30% | 368,941 | $75.5M | Reduce -0.8% |
| AXP American Express Co. | 0.30% | 225,379 | $74.9M | Reduce -1.2% |
| KLAC KLA Corp. | 0.30% | 69,300 | $74.7M | Add +4.1% |
| ADBE Adobe Inc. | 0.29% | 210,913 | $74.4M | Add +4.5% |
| UBER Uber Technologies Inc. | 0.29% | 750,600 | $73.5M | Add +5.3% |
| DE Deere & Co. | 0.29% | 159,729 | $73.3M | Add +0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 142,383 | $69.1M | Reduce -0.2% |
| APP AppLovin Corp. Class A | 0.27% | 95,950 | $68.9M | Reduce -12.7% |
| BMY Bristol-Myers Squibb Co. | 0.27% | 1,527,558 | $68.9M | Add +6.6% |
| MU Micron Technology Inc. | 0.27% | 402,805 | $67.4M | Reduce -0.1% |
| TMUS T-Mobile US Inc. | 0.26% | 277,273 | $66.4M | Add +1.1% |
| GEV GE Vernova Inc. | 0.26% | 107,310 | $66.0M | Add +2.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 451,600 | $65.3M | Reduce -4.1% |
| NEE Nextera Energy Inc. | 0.26% | 860,012 | $64.9M | Add +11.8% |
| COF Capital One Financial Corp. | 0.26% | 304,662 | $64.8M | Reduce -2.3% |
| SPGI S&P Global Inc. | 0.25% | 129,138 | $62.9M | Reduce -0.4% |
| ETN Eaton Corp. PLC | 0.25% | 166,589 | $62.3M | Reduce -0.1% |
| BLK BlackRock Inc. | 0.24% | 52,855 | $61.6M | Reduce -0.2% |
| PGR Progressive Corp. | 0.24% | 249,168 | $61.5M | Add +8.5% |
| ACN Accenture PLC Class A | 0.24% | 249,206 | $61.5M | Add +0.2% |
| MCK McKesson Corp. | 0.24% | 79,210 | $61.2M | Add +18.4% |
| TXN Texas Instruments Inc. | 0.24% | 326,485 | $60.0M | No change |
| BSX Boston Scientific Corp. | 0.24% | 612,656 | $59.8M | Reduce -0.2% |
| ADP Automatic Data Processing | 0.23% | 199,979 | $59.0M | Add +3.1% |
| SCHW Schwab (charles) Corp. | 0.23% | 615,272 | $58.7M | Add +0.1% |
| ISRG Intuitive Surgical Inc. | 0.23% | 128,162 | $57.3M | Add +0.2% |
| PANW Palo Alto Networks Inc. | 0.23% | 281,242 | $57.3M | Add +0.3% |
| HWM Howmet Aerospace Inc. | 0.23% | 291,444 | $57.2M | Reduce -0.3% |
| ED Consolidated Edison Inc. | 0.22% | 553,565 | $55.6M | Add +49.0% |
| COP Conocophillips | 0.22% | 576,542 | $54.5M | Add +0.7% |
| CEG Constellation Energy | 0.22% | 165,714 | $54.5M | Add +0.9% |
| MMM 3M Co. | 0.22% | 349,963 | $54.3M | Add +7.2% |
| APH Amphenol Corp. Class A | 0.21% | 437,824 | $54.2M | Add +0.3% |
| AMGN Amgen Inc. | 0.21% | 192,016 | $54.2M | Reduce -0.1% |
| INTC Intel Corp. | 0.21% | 1,556,008 | $52.2M | Reduce -0.2% |
| CMCSA Comcast Corp. Class A | 0.21% | 1,647,106 | $51.8M | Add +3.6% |
| UNP Union Pacific Corp. | 0.20% | 217,664 | $51.4M | Reduce -0.1% |
| LOW Lowe's Cos Inc. | 0.20% | 202,503 | $50.9M | Add +0.2% |
| CME Cme Group Inc. | 0.20% | 185,187 | $50.0M | Reduce -0.2% |
| CMI Cummins Inc. | 0.20% | 117,601 | $49.7M | Add +1.4% |
| ADI Analog Devices Inc. | 0.20% | 201,021 | $49.4M | Reduce -5.6% |
| EXC Exelon Corp. | 0.20% | 1,097,244 | $49.4M | Add +10.4% |
| TDG Transdigm Group Inc. | 0.20% | 37,392 | $49.3M | Add +0.3% |
| CL Colgate-Palmolive Co. | 0.20% | 615,923 | $49.2M | Add +12.2% |
| CI The Cigna Group | 0.19% | 168,523 | $48.6M | Reduce -5.9% |
| NEM Newmont Corp. | 0.19% | 560,081 | $47.2M | Reduce -0.4% |
Portfolio Sells Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | Reduce -0.3% | 2.33% | −0.23 |
| IBM Intl Business Machines Corp. | Reduce -9.1% | 0.45% | −0.11 |
| GDDY GoDaddy Inc. Class A | Reduce -66.4% | 0.03% | −0.09 |
| SPOT Spotify Technology SA | Reduce -1.6% | 0.37% | −0.08 |
| FTNT Fortinet Inc. | Reduce -22.7% | 0.10% | −0.08 |
| FISV Fiserv Inc. | Reduce -11.4% | 0.11% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -2.2% | 0.49% | −0.06 |
| CI The Cigna Group | Reduce -5.9% | 0.19% | −0.06 |
| LYB Lyondellbasell Indu Class A | Reduce -67.3% | 0.02% | −0.05 |
| BSX Boston Scientific Corp. | Reduce -0.2% | 0.24% | −0.05 |
| SPGI S&P Global Inc. | Reduce -0.4% | 0.25% | −0.05 |
| CMG Chipotle Mexican Grill Inc. | Reduce -0.6% | 0.07% | −0.04 |
| ABNB Airbnb Inc. Class A | Reduce -23.8% | 0.07% | −0.04 |
| CNC Centene Corp. | Reduce -34.3% | 0.02% | −0.04 |
| UTHR United Therapeutics Corp. | Reduce -63.3% | 0.04% | −0.04 |
| ECL Ecolab Inc. | Reduce -22.7% | 0.10% | −0.04 |
| KVUE Kenvue Inc. | Reduce -13.4% | 0.06% | −0.04 |
| WMT Walmart Inc. | Reduce -1.7% | 0.70% | −0.04 |
| PAYX Paychex Inc. | Reduce -22.1% | 0.06% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -0.2% | 0.14% | −0.03 |
| PHM Pultegroup Inc. | Reduce -52.9% | 0.04% | −0.03 |
| RIVN Rivian Automotive Inc. Class A | Reduce -65.1% | 0.02% | −0.03 |
| SYK Stryker Corp. | Reduce -0.2% | 0.18% | −0.03 |
| COF Capital One Financial Corp. | Reduce -2.3% | 0.26% | −0.03 |
| JBL Jabil Inc. | Reduce -35.2% | 0.04% | −0.03 |
| CB Chubb Ltd. | Reduce -5.2% | 0.16% | −0.03 |
| TT Trane Technologies PLC | Reduce -2.7% | 0.18% | −0.03 |
| LULU Lululemon Athletica Inc. | Reduce -27.6% | 0.03% | −0.03 |
| PNC PNC Financial Services Group | Reduce -18.5% | 0.11% | −0.03 |
| LEN Lennar Corp. Class A | Reduce -41.7% | 0.04% | −0.03 |
| DOCU Docusign Inc. | Reduce -14.3% | 0.07% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.1% | 0.14% | −0.02 |
| CARR Carrier Global Corp. | Reduce -0.5% | 0.07% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -22.6% | 0.08% | −0.02 |
| ADI Analog Devices Inc. | Reduce -5.6% | 0.20% | −0.02 |
| FOXA Fox Corp. Class A | Reduce -27.1% | 0.07% | −0.02 |
| CME Cme Group Inc. | Reduce -0.2% | 0.20% | −0.02 |
| MAR Marriott International Class A | Reduce -7.4% | 0.09% | −0.02 |
| VRSN Verisign Inc. | Reduce -1.3% | 0.14% | −0.02 |
| CSL Carlisle Cos Inc. | Reduce -36.8% | 0.02% | −0.02 |
| EMR Emerson Electric Co. | Reduce -0.2% | 0.16% | −0.02 |
| SEIC Sei Investments Company | Reduce -18.4% | 0.04% | −0.02 |
| AXP American Express Co. | Reduce -1.2% | 0.30% | −0.02 |
| DHR Danaher Corp. | Reduce -0.7% | 0.18% | −0.02 |
| HPQ HP Inc. | Reduce -34.0% | 0.04% | −0.02 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.21% | −0.02 |
| OKE Oneok Inc. | Reduce -0.6% | 0.07% | −0.02 |
| WDAY Workday Inc. Class A | Reduce -7.1% | 0.09% | −0.01 |
| ZM Zoom Communications Inc. | Reduce -7.2% | 0.13% | −0.01 |
| MDT Medtronic PLC | Reduce -7.5% | 0.18% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +6.3% | 2.27% | +0.59 |
| NVDA Nvidia Corp. | Add +0.2% | 7.02% | +0.56 |
| TSLA Tesla Inc. | Add +6.3% | 1.94% | +0.52 |
| GOOG Alphabet Inc. Class C | Add +4.9% | 1.82% | +0.44 |
| CVX Chevron Corp. | Add +71.8% | 0.54% | +0.22 |
| PLTR Palantir Technologies Inc. Class A | Add +5.3% | 0.61% | +0.14 |
| ORCL Oracle Corp. | Add +1.3% | 0.68% | +0.11 |
| ABBV Abbvie Inc. | Add +1.2% | 0.68% | +0.09 |
| ED Consolidated Edison Inc. | Add +49.0% | 0.22% | +0.06 |
| TPR Tapestry Inc. | Add +233.0% | 0.08% | +0.06 |
| CTSH Cognizant Tech Solutions-A | Add +86.8% | 0.17% | +0.05 |
| HOOD Robinhood Markets Inc. Class A | Add +0.2% | 0.15% | +0.04 |
| ULTA Ulta Beauty Inc. | Add +98.3% | 0.08% | +0.04 |
| KLAC KLA Corp. | Add +4.1% | 0.30% | +0.04 |
| RDDT Reddit Inc. Class A | Add +122.0% | 0.05% | +0.03 |
| UNH Unitedhealth Group Inc. | Add +6.0% | 0.47% | +0.03 |
| CMI Cummins Inc. | Add +1.4% | 0.20% | +0.03 |
| MCK McKesson Corp. | Add +18.4% | 0.24% | +0.03 |
| WTW Willis Towers Watson PLC | Add +57.9% | 0.08% | +0.03 |
| APH Amphenol Corp. Class A | Add +0.3% | 0.21% | +0.03 |
| SOFI Sofi Technologies Inc. | Add +95.0% | 0.04% | +0.03 |
| FOX Fox Corp. Class B | Add +60.4% | 0.07% | +0.03 |
| WDC Western Digital Corp. | Add +2.2% | 0.06% | +0.03 |
| NEE Nextera Energy Inc. | Add +11.8% | 0.26% | +0.03 |
| STX Seagate Technology Holdings | Add +4.6% | 0.07% | +0.03 |
| CTVA Corteva Inc. | Add +58.4% | 0.11% | +0.03 |
| P Everpure Inc. Class A | Add +47.3% | 0.05% | +0.03 |
| EG Everest Group Ltd. | Add +69.2% | 0.07% | +0.03 |
| TTWO Take-Two Interactive Softwre | Add +39.0% | 0.09% | +0.02 |
| INCY Incyte Corp. | Add +41.5% | 0.06% | +0.02 |
| VLO Valero Energy Corp. | Add +1.5% | 0.16% | +0.02 |
| RBLX Roblox Corp. Class A | Add +4.7% | 0.11% | +0.02 |
| GEV GE Vernova Inc. | Add +2.5% | 0.26% | +0.02 |
| TRV The Travelers Cos Inc. | Add +28.9% | 0.12% | +0.02 |
| REGN Regeneron Pharmaceuticals | Add +24.3% | 0.12% | +0.02 |
| CCK Crown Holdings Inc. | Add +119.2% | 0.04% | +0.02 |
| RKLB Rocket Lab Corp. | Add +107.2% | 0.03% | +0.02 |
| SWKS Skyworks Solutions Inc. | Add +46.3% | 0.07% | +0.02 |
| GGG Graco Inc. | Add +100.5% | 0.04% | +0.02 |
| GEHC GE Healthcare Technology | Add +38.9% | 0.07% | +0.02 |
| FERG Ferguson Enterprises Inc. | Add +32.1% | 0.08% | +0.02 |
| NTNX Nutanix Inc. Class A | Add +75.6% | 0.05% | +0.02 |
| WRB WR Berkley Corp. | Add +49.1% | 0.05% | +0.01 |
| WELL Welltower Inc. | Add +2.7% | 0.17% | +0.01 |
| ROL Rollins Inc. | Add +57.1% | 0.04% | +0.01 |
| MNST Monster Beverage Corp. | Add +15.8% | 0.11% | +0.01 |
| PDD PDD Holdings Inc. | Add +2.4% | 0.09% | +0.01 |
| ALAB Astera Labs Inc. | Add +11.9% | 0.02% | +0.01 |
| AFRM Affirm Holdings Inc. | Add +91.3% | 0.03% | +0.01 |
| BE Bloom Energy Corp. Class A | Add +13.7% | 0.02% | +0.01 |
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 |