Maj Invest Holding A/S
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 22, 2025), Maj Invest Holding A/S reported 40 stock positions worth $3.0 billion. Its top holding was Alphabet Class A (GOOGL) at 7.9% of the portfolio, followed by Ameriprise Financial (AMP, 6.2%) and Lowe's Cos (LOW, 6.0%). Compared with Q3 2024, it opened 2 new positions, sold out of 1, added to 4 and reduced 21. The biggest buy was Ameriprise Financial (AMP, shares +68%) and the biggest sale Aflac (AFL, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- COPENHAGEN K, G7
- CIK
- 0001730525
- Portfolio Value
- $3.0B (Q4 2024)
- SEC Filing
- 0001730525-25-000002 ↗ filed Jan 22, 2025
Holdings Value
Holdings 40 stocks · $3.0B
| GOOGL Alphabet Inc. Class A | 7.91% | 1,270,490 | $240.5M | Reduce -12.7% |
| AMP Ameriprise Financial Inc. | 6.16% | 352,095 | $187.5M | Add +67.5% |
| LOW Lowe's Cos Inc. | 6.03% | 743,343 | $183.5M | Reduce -12.6% |
| QCOM Qualcomm Inc. | 5.94% | 1,176,573 | $180.7M | Reduce -12.7% |
| AZO AutoZone Inc. | 5.89% | 55,971 | $179.2M | Reduce -13.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.68% | 380,805 | $172.6M | Add +8.0% |
| ELV Elevance Health Inc. | 5.64% | 464,986 | $171.5M | Add +47.0% |
| HPQ HP Inc. | 5.43% | 5,058,019 | $165.0M | Reduce -3.4% |
| CSX CSX Corp. | 5.10% | 4,806,898 | $155.1M | Reduce -12.6% |
| CI The Cigna Group | 4.58% | 503,921 | $139.2M | Add +1.4% |
| AXP American Express Co. | 4.56% | 466,822 | $138.5M | Reduce -43.0% |
| KR Kroger Co. | 4.51% | 2,241,804 | $137.1M | Reduce -24.7% |
| FISV Fiserv Inc. | 4.46% | 659,912 | $135.6M | Reduce -31.5% |
| UNP Union Pacific Corp. | 4.43% | 590,103 | $134.6M | Reduce -12.7% |
| META Meta Platforms Inc. Class A | 4.24% | 220,378 | $129.0M | Reduce -12.5% |
| NEM Newmont Corp. | 3.58% | 2,928,778 | $109.0M | Reduce -13.4% |
| JNJ Johnson & Johnson | 3.22% | 678,082 | $98.1M | Reduce -13.5% |
| UPS United Parcel Service Class B | 3.11% | 749,747 | $94.5M | Reduce -13.5% |
| GS Goldman Sachs Group Inc. | 2.99% | 158,871 | $91.0M | Reduce -16.6% |
| PKG Packaging Corp. of America | 2.23% | 301,140 | $67.8M | Reduce -58.7% |
| AFL Aflac Inc. | 2.11% | 619,951 | $64.1M | Reduce -56.2% |
| SCI Service Corp. International | 1.85% | 705,054 | $56.3M | Reduce -12.4% |
| B Barrick Gold Corp. | 0.24% | 464,699 | $7.2M | Reduce -4.1% |
| INTC Intel Corp. | 0.06% | 83,689 | $1.7M | Reduce -4.0% |
| V Visa Inc. Class A | 0.01% | 750 | $237K | No change |
| TER Teradyne Inc. | 0.01% | 1,630 | $205K | Reduce -99.5% |
| TXN Texas Instruments Inc. | 0.00% | 650 | $122K | No change |
| USB US Bancorp | 0.00% | 2,500 | $120K | No change |
| SONY Sony Group Corp. - SP ADR | 0.00% | 5,500 | $116K | No change |
| ROK Rockwell Automation Inc. | 0.00% | 400 | $114K | No change |
| UNH Unitedhealth Group Inc. | 0.00% | 222 | $112K | No change |
| PFE Pfizer Inc. | 0.00% | 4,000 | $106K | No change |
| MCO Moody's Corp. | 0.00% | 180 | $85K | New |
| TMO Thermo Fisher Scientific Inc. | 0.00% | 160 | $83K | New |
| JKS Jinkosolar Holding Co.-ADR | 0.00% | 3,200 | $80K | No change |
| BIDU Baidu Inc. - Spon ADR | 0.00% | 850 | $72K | No change |
| RUN Sunrun Inc. | 0.00% | 4,700 | $43K | No change |
| MRNA Moderna Inc. | 0.00% | 990 | $41K | No change |
| CVS CVS Health Corp. | 0.00% | 540 | $24K | No change |
| BBWI Bath & Body Works Inc. | 0.00% | 479 | $19K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| AFL Aflac Inc. | Reduce -56.2% | 2.11% | −2.09 |
| PKG Packaging Corp. of America | Reduce -58.7% | 2.23% | −1.94 |
| MU Micron Technology Inc. | Sold out | 0.00% | −1.49 |
| AXP American Express Co. | Reduce -43.0% | 4.56% | −1.33 |
| TER Teradyne Inc. | Reduce -99.5% | 0.01% | −1.23 |
| NEM Newmont Corp. | Reduce -13.4% | 3.58% | −1.21 |
| JNJ Johnson & Johnson | Reduce -13.5% | 3.22% | −0.14 |
| QCOM Qualcomm Inc. | Reduce -12.7% | 5.94% | −0.13 |
| FISV Fiserv Inc. | Reduce -31.5% | 4.46% | −0.13 |
| LOW Lowe's Cos Inc. | Reduce -12.6% | 6.03% | −0.08 |
| UPS United Parcel Service Class B | Reduce -13.5% | 3.11% | −0.03 |
| B Barrick Gold Corp. | Reduce -4.1% | 0.24% | −0.02 |
| KR Kroger Co. | Reduce -24.7% | 4.51% | −0.02 |
| INTC Intel Corp. | Reduce -4.0% | 0.06% | +0.00 |
| UNP Union Pacific Corp. | Reduce -12.7% | 4.43% | +0.01 |
| CSX CSX Corp. | Reduce -12.6% | 5.10% | +0.06 |
| SCI Service Corp. International | Reduce -12.4% | 1.85% | +0.17 |
| META Meta Platforms Inc. Class A | Reduce -12.5% | 4.24% | +0.42 |
| HPQ HP Inc. | Reduce -3.4% | 5.43% | +0.45 |
| GS Goldman Sachs Group Inc. | Reduce -16.6% | 2.99% | +0.49 |
| AZO AutoZone Inc. | Reduce -13.0% | 5.89% | +0.52 |
| GOOGL Alphabet Inc. Class A | Reduce -12.7% | 7.91% | +1.51 |
Portfolio Buys Q3 2024 → Q4 2024
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 |