Maj Invest Holding A/S
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 16, 2024), Maj Invest Holding A/S reported 37 stock positions worth $3.6 billion. Its top holding was Alphabet Class A (GOOGL) at 6.7% of the portfolio, followed by American Express (AXP, 6.7%) and Goldman Sachs (GS, 6.5%). Compared with Q1 2024, it opened 3 new positions, sold out of 2, added to 5 and reduced 17. The biggest buy was a new position in Elevance Health (ELV) and the biggest sale Cigna (CI, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- COPENHAGEN K, G7
- CIK
- 0001730525
- Portfolio Value
- $3.6B (Q2 2024)
- SEC Filing
- 0001730525-24-000007 ↗ filed Jul 16, 2024
Holdings Value
Holdings 37 stocks · $3.6B
| GOOGL Alphabet Inc. Class A | 6.72% | 1,327,069 | $241.7M | Reduce -19.4% |
| AXP American Express Co. | 6.67% | 1,035,755 | $239.8M | Reduce -5.0% |
| GS Goldman Sachs Group Inc. | 6.54% | 520,076 | $235.2M | Reduce -13.3% |
| KR Kroger Co. | 6.10% | 4,395,212 | $219.5M | Add +35.1% |
| HPQ HP Inc. | 5.86% | 6,016,308 | $210.7M | Reduce -4.2% |
| CSX CSX Corp. | 5.76% | 6,191,198 | $207.1M | Reduce -3.5% |
| AZO AutoZone Inc. | 5.38% | 65,219 | $193.3M | Add +53.0% |
| PKG Packaging Corp. of America | 5.36% | 1,056,293 | $192.8M | Reduce -4.9% |
| LOW Lowe's Cos Inc. | 5.29% | 862,727 | $190.2M | Reduce -4.9% |
| META Meta Platforms Inc. Class A | 5.22% | 372,436 | $187.8M | Reduce -23.0% |
| ELV Elevance Health Inc. | 4.83% | 320,659 | $173.8M | New |
| CI The Cigna Group | 4.64% | 504,120 | $166.6M | Reduce -36.3% |
| KLAC KLA Corp. | 4.30% | 187,338 | $154.5M | Reduce -26.2% |
| UNP Union Pacific Corp. | 4.24% | 673,896 | $152.5M | Reduce -4.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.05% | 358,243 | $145.7M | Add +14.3% |
| NEM Newmont Corp. | 3.99% | 3,427,313 | $143.5M | Add +296.0% |
| AFL Aflac Inc. | 3.57% | 1,435,278 | $128.2M | Reduce -6.2% |
| JNJ Johnson & Johnson | 3.23% | 794,595 | $116.1M | Add +18.7% |
| MU Micron Technology Inc. | 3.05% | 834,279 | $109.7M | Reduce -43.3% |
| UPS United Parcel Service Class B | 1.77% | 464,779 | $63.6M | New |
| SCI Service Corp. International | 1.61% | 815,919 | $58.0M | Reduce -4.2% |
| TER Teradyne Inc. | 1.46% | 353,402 | $52.4M | Reduce -4.2% |
| B Barrick Gold Corp. | 0.23% | 491,841 | $8.2M | Reduce -92.5% |
| INTC Intel Corp. | 0.08% | 88,460 | $2.7M | Reduce -2.6% |
| V Visa Inc. Class A | 0.01% | 750 | $197K | No change |
| TXN Texas Instruments Inc. | 0.00% | 650 | $126K | No change |
| MRNA Moderna Inc. | 0.00% | 990 | $118K | No change |
| UNH Unitedhealth Group Inc. | 0.00% | 222 | $113K | No change |
| PFE Pfizer Inc. | 0.00% | 4,000 | $112K | New |
| ROK Rockwell Automation Inc. | 0.00% | 400 | $110K | No change |
| USB US Bancorp | 0.00% | 2,500 | $99K | No change |
| SONY Sony Group Corp. - SP ADR | 0.00% | 1,100 | $93K | No change |
| BIDU Baidu Inc. - Spon ADR | 0.00% | 850 | $74K | No change |
| JKS Jinkosolar Holding Co.-ADR | 0.00% | 3,200 | $66K | No change |
| RUN Sunrun Inc. | 0.00% | 4,700 | $56K | No change |
| CVS CVS Health Corp. | 0.00% | 540 | $32K | No change |
| BBWI Bath & Body Works Inc. | 0.00% | 479 | $19K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| CI The Cigna Group | Reduce -36.3% | 4.64% | −3.15 |
| B Barrick Gold Corp. | Reduce -92.5% | 0.23% | −2.75 |
| TSCO Tractor Supply Company | Sold out | 0.00% | −2.33 |
| MU Micron Technology Inc. | Reduce -43.3% | 3.05% | −1.65 |
| META Meta Platforms Inc. Class A | Reduce -23.0% | 5.22% | −1.14 |
| LOW Lowe's Cos Inc. | Reduce -4.9% | 5.29% | −0.98 |
| CSX CSX Corp. | Reduce -3.5% | 5.76% | −0.69 |
| KLAC KLA Corp. | Reduce -26.2% | 4.30% | −0.51 |
| UNP Union Pacific Corp. | Reduce -4.3% | 4.24% | −0.45 |
| PKG Packaging Corp. of America | Reduce -4.9% | 5.36% | −0.35 |
| GS Goldman Sachs Group Inc. | Reduce -13.3% | 6.54% | −0.25 |
| SCI Service Corp. International | Reduce -4.2% | 1.61% | −0.10 |
| AXP American Express Co. | Reduce -5.0% | 6.67% | −0.06 |
| INTC Intel Corp. | Reduce -2.6% | 0.08% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -19.4% | 6.72% | −0.01 |
| PPLI People Inc. | Sold out | 0.00% | −0.00 |
| AFL Aflac Inc. | Reduce -6.2% | 3.57% | +0.01 |
| TER Teradyne Inc. | Reduce -4.2% | 1.46% | +0.33 |
| HPQ HP Inc. | Reduce -4.2% | 5.86% | +0.72 |
Portfolio Buys Q1 2024 → Q2 2024
| ELV Elevance Health Inc. | New | 4.83% | +4.83 |
| NEM Newmont Corp. | Add +296.0% | 3.99% | +3.15 |
| UPS United Parcel Service Class B | New | 1.77% | +1.77 |
| AZO AutoZone Inc. | Add +53.0% | 5.38% | +1.74 |
| KR Kroger Co. | Add +35.1% | 6.10% | +1.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +14.3% | 4.05% | +0.48 |
| JNJ Johnson & Johnson | Add +18.7% | 3.23% | +0.36 |
| PFE Pfizer Inc. | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 38 | $2.2B | QCOM, BRK.B, META, HPQ, AMAT |
| Q1 2026 | 38 | $2.3B | BRK.B, QCOM, HPQ, CSX, META |
| Q4 2025 | 38 | $2.1B | BRK.B, QCOM, AMAT, AMP, CSX |
| Q3 2025 | 42 | $2.9B | GOOGL, BRK.B, AMAT, QCOM, LOW |
| Q2 2025 | 42 | $2.9B | AMAT, CSX, QCOM, GOOGL, BRK.B |
| Q1 2025 | 45 | $2.8B | ELV, BRK.B, GOOGL, QCOM, LOW |
| Q4 2024 | 40 | $3.0B | GOOGL, AMP, LOW, QCOM, AZO |
| Q3 2024 | 39 | $3.8B | GOOGL, LOW, QCOM, AXP, AZO |
| Q2 2024 | 37 | $3.6B | GOOGL, AXP, GS, KR, HPQ |
| Q1 2024 | 36 | $3.7B | CI, GS, GOOGL, AXP, CSX |