Maj Invest Holding A/S
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 1, 2026), Maj Invest Holding A/S reported 38 stock positions worth $2.3 billion. Its top holding was Berkshire Hathaway Class B (BRK.B) at 8.8% of the portfolio, followed by Qualcomm (QCOM, 7.9%) and HP (HPQ, 7.2%). Compared with Q4 2025, it opened 1 new position, sold out of 1, added to 7 and reduced 12. The biggest buy was a new position in Zoetis (ZTS) and the biggest sale Newmont (NEM, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- COPENHAGEN K, G7
- CIK
- 0001730525
- Portfolio Value
- $2.3B (Q1 2026)
- SEC Filing
- 0001730525-26-000004 ↗ filed May 1, 2026
Holdings Value
Holdings 38 stocks · $2.3B
| BRK.B Berkshire Hathaway Inc. Class B | 8.80% | 417,341 | $200.0M | Add +12.3% |
| QCOM Qualcomm Inc. | 7.89% | 1,392,906 | $179.4M | Add +41.8% |
| HPQ HP Inc. | 7.15% | 8,459,248 | $162.5M | Add +71.3% |
| CSX CSX Corp. | 6.48% | 3,586,679 | $147.2M | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 6.44% | 255,796 | $146.3M | Add +60.2% |
| AMAT Applied Materials Inc. | 6.30% | 418,596 | $143.1M | Reduce -31.1% |
| AMP Ameriprise Financial Inc. | 5.82% | 297,678 | $132.3M | Reduce -0.6% |
| UNP Union Pacific Corp. | 5.59% | 523,665 | $127.1M | Reduce -3.5% |
| LOW Lowe's Cos Inc. | 5.48% | 526,867 | $124.5M | Reduce -0.7% |
| KR Kroger Co. | 4.83% | 1,515,605 | $109.7M | Reduce -0.6% |
| UPS United Parcel Service Class B | 4.75% | 1,098,186 | $108.0M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 4.72% | 373,187 | $107.3M | Reduce -1.8% |
| CI The Cigna Group | 4.59% | 390,753 | $104.2M | Reduce -0.7% |
| AXP American Express Co. | 4.18% | 314,198 | $95.0M | Add +1.0% |
| HCA HCA Healthcare Inc. | 3.59% | 172,475 | $81.6M | Reduce -1.2% |
| ZTS Zoetis Inc. | 3.51% | 675,168 | $79.8M | New |
| ELV Elevance Health Inc. | 3.35% | 260,170 | $76.2M | Reduce -0.7% |
| AFL Aflac Inc. | 2.77% | 574,513 | $63.0M | Add +2.7% |
| NEM Newmont Corp. | 2.28% | 479,551 | $51.9M | Reduce -40.1% |
| SCI Service Corp. International | 1.36% | 374,929 | $30.9M | Reduce -0.7% |
| V Visa Inc. Class A | 0.01% | 750 | $227K | No change |
| LMT Lockheed Martin Corp. | 0.01% | 315 | $191K | No change |
| GD General Dynamics Corp. | 0.01% | 400 | $137K | No change |
| USB US Bancorp | 0.01% | 2,500 | $130K | No change |
| TXN Texas Instruments Inc. | 0.01% | 650 | $126K | No change |
| NOC Northrop Grumman Corp. | 0.01% | 180 | $123K | No change |
| JNJ Johnson & Johnson | 0.01% | 470 | $115K | No change |
| SONY Sony Group Corp. - SP ADR | 0.01% | 5,500 | $114K | No change |
| PFE Pfizer Inc. | 0.00% | 4,000 | $112K | No change |
| MCO Moody's Corp. | 0.00% | 245 | $107K | No change |
| BIDU Baidu Inc. - Spon ADR | 0.00% | 850 | $95K | No change |
| INTC Intel Corp. | 0.00% | 2,000 | $88K | No change |
| ROK Rockwell Automation Inc. | 0.00% | 240 | $86K | No change |
| GS Goldman Sachs Group Inc. | 0.00% | 100 | $85K | No change |
| UNH Unitedhealth Group Inc. | 0.00% | 307 | $83K | No change |
| JKS Jinkosolar Holding Co.-ADR | 0.00% | 3,200 | $81K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.00% | 160 | $79K | No change |
| MRNA Moderna Inc. | 0.00% | 990 | $50K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| NEM Newmont Corp. | Reduce -40.1% | 2.28% | −1.43 |
| AMP Ameriprise Financial Inc. | Reduce -0.6% | 5.82% | −1.01 |
| AMAT Applied Materials Inc. | Reduce -31.1% | 6.30% | −0.97 |
| ELV Elevance Health Inc. | Reduce -0.7% | 3.35% | −0.92 |
| GOOGL Alphabet Inc. Class A | Reduce -1.8% | 4.72% | −0.81 |
| LOW Lowe's Cos Inc. | Reduce -0.7% | 5.48% | −0.47 |
| CI The Cigna Group | Reduce -0.7% | 4.59% | −0.45 |
| UNP Union Pacific Corp. | Reduce -3.5% | 5.59% | −0.25 |
| HCA HCA Healthcare Inc. | Reduce -1.2% | 3.59% | −0.20 |
| SCI Service Corp. International | Reduce -0.7% | 1.36% | −0.01 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.00 |
| KR Kroger Co. | Reduce -0.6% | 4.83% | +0.40 |
| CSX CSX Corp. | Reduce -0.4% | 6.48% | +0.41 |
Portfolio Buys Q4 2025 → Q1 2026
| ZTS Zoetis Inc. | New | 3.51% | +3.51 |
| HPQ HP Inc. | Add +71.3% | 7.15% | +2.03 |
| META Meta Platforms Inc. Class A | Add +60.2% | 6.44% | +1.54 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +12.3% | 8.80% | +0.11 |
| QCOM Qualcomm Inc. | Add +41.8% | 7.89% | +0.08 |
| AFL Aflac Inc. | Add +2.7% | 2.77% | −0.10 |
| UPS United Parcel Service Class B | Add +0.7% | 4.75% | −0.28 |
| AXP American Express Co. | Add +1.0% | 4.18% | −1.17 |
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 |