Nordea Investment Management AB
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 2, 2024), Nordea Investment Management AB reported 928 stock positions worth $84.6 billion. Its top holding was Microsoft (MSFT) at 5.2% of the portfolio, followed by Apple (AAPL, 3.5%) and Nvidia (NVDA, 3.0%). Compared with Q4 2023, it opened 21 new positions, sold out of 36, added to 447 and reduced 403. The biggest buy was Becton Dickinson and (BDX, shares +277%) and the biggest sale Comcast Class A (CMCSA, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0001218210
- Portfolio Value
- $84.6B (Q1 2024)
- SEC Filing
- 0001218210-24-000008 ↗ filed May 2, 2024
Holdings Value
Holdings 928 stocks · $84.6B
| MSFT Microsoft Corp. | 5.24% | 10,541,318 | $4.4B | Reduce -5.0% |
| AAPL Apple Inc. | 3.49% | 17,247,950 | $3.0B | Add +2.5% |
| NVDA Nvidia Corp. | 2.98% | 2,775,034 | $2.5B | Reduce -7.8% |
| GOOGL Alphabet Inc. Class A | 2.58% | 14,496,553 | $2.2B | Reduce -4.5% |
| V Visa Inc. Class A | 1.57% | 4,759,692 | $1.3B | Reduce -5.7% |
| JNJ Johnson & Johnson | 1.43% | 7,654,016 | $1.2B | Reduce -4.0% |
| MA Mastercard Inc. Class A | 1.34% | 2,358,024 | $1.1B | Reduce -5.4% |
| MRK Merck & Co. Inc. | 1.30% | 8,362,812 | $1.1B | Add +0.7% |
| LIN Linde PLC | 1.26% | 2,296,427 | $1.1B | Reduce -5.4% |
| AMZN Amazon.com Inc. | 1.22% | 5,692,873 | $1.0B | Add +5.5% |
| META Meta Platforms Inc. Class A | 1.20% | 2,090,469 | $1.0B | Reduce -18.4% |
| WM Waste Management Inc. | 1.18% | 4,675,093 | $995.9M | Reduce -9.2% |
| GOOG Alphabet Inc. Class C | 1.13% | 6,322,837 | $959.2M | Reduce -2.1% |
| CSCO Cisco Systems Inc. | 1.12% | 18,914,776 | $949.1M | Reduce -2.0% |
| CI The Cigna Group | 1.00% | 2,328,674 | $849.4M | Reduce -3.9% |
| UNH Unitedhealth Group Inc. | 0.98% | 1,681,804 | $828.7M | Reduce -7.5% |
| EMR Emerson Electric Co. | 0.93% | 6,895,600 | $782.9M | Reduce -7.4% |
| ELV Elevance Health Inc. | 0.92% | 1,497,514 | $779.5M | Reduce -8.3% |
| KO The Coca-Cola Co. | 0.92% | 12,745,611 | $778.7M | Reduce -13.0% |
| ABBV Abbvie Inc. | 0.88% | 4,110,731 | $745.7M | Reduce -6.6% |
| ADBE Adobe Inc. | 0.85% | 1,434,665 | $721.1M | Reduce -2.1% |
| PEP Pepsico Inc. | 0.83% | 4,000,341 | $701.8M | Add +5.9% |
| ADP Automatic Data Processing | 0.80% | 2,715,382 | $678.6M | Add +27.8% |
| CVS CVS Health Corp. | 0.78% | 8,280,339 | $660.4M | Reduce -8.0% |
| AZO AutoZone Inc. | 0.76% | 203,072 | $643.6M | Add +4.1% |
| CDNS Cadence Design SYS Inc. | 0.75% | 2,040,581 | $636.2M | Add +7.7% |
| LLY Eli Lilly & Co. | 0.72% | 777,587 | $612.4M | Add +0.0% |
| RSG Republic Services Inc. | 0.72% | 3,167,024 | $607.3M | Reduce -7.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.71% | 5,903,370 | $601.5M | Add +0.4% |
| FTNT Fortinet Inc. | 0.71% | 8,795,102 | $599.3M | Reduce -0.7% |
| AVGO Broadcom Inc. | 0.71% | 452,053 | $598.5M | Add +1.4% |
| BKNG Booking Holdings Inc. | 0.69% | 159,956 | $584.5M | Add +22.1% |
| CMCSA Comcast Corp. Class A | 0.68% | 13,335,969 | $577.8M | Reduce -25.1% |
| JPM JPMorgan Chase & Co. | 0.62% | 2,618,180 | $522.6M | Reduce -2.7% |
| AMGN Amgen Inc. | 0.61% | 1,799,504 | $515.2M | Reduce -0.0% |
| NKE Nike Inc. Class B | 0.60% | 5,389,915 | $505.5M | Add +23.3% |
| SBUX Starbucks Corp. | 0.59% | 5,412,603 | $495.1M | Add +5.2% |
| MDLZ Mondelez International Inc. Class A | 0.57% | 6,844,256 | $480.1M | Add +6.4% |
| BDX Becton Dickinson and Co. | 0.57% | 1,936,654 | $478.3M | Add +277.3% |
| CRM Salesforce Inc. | 0.56% | 1,569,474 | $472.7M | Reduce -3.4% |
| EBAY eBay Inc. | 0.55% | 8,864,438 | $467.6M | Reduce -14.7% |
| CL Colgate-Palmolive Co. | 0.55% | 5,197,328 | $467.4M | Reduce -4.6% |
| HSY The Hershey Co. | 0.53% | 2,294,349 | $451.1M | Reduce -2.6% |
| NEE Nextera Energy Inc. | 0.52% | 6,961,556 | $443.8M | Add +22.3% |
| CHKP Check Point Software Tech | 0.52% | 2,674,761 | $440.3M | Add +3.0% |
| CTAS Cintas Corp. | 0.52% | 638,038 | $438.4M | Add +6.3% |
| URI United Rentals Inc. | 0.52% | 606,698 | $437.5M | Reduce -13.8% |
| LRCX Lam Research Corp. | 0.51% | 444,775 | $432.8M | Reduce -2.0% |
| SNPS Synopsys Inc. | 0.51% | 749,965 | $431.0M | Reduce -33.9% |
| VZ Verizon Communications Inc. | 0.50% | 10,063,539 | $421.2M | Reduce -3.9% |
| BMY Bristol-Myers Squibb Co. | 0.49% | 7,692,398 | $416.0M | Reduce -30.8% |
| AXP American Express Co. | 0.48% | 1,798,742 | $408.5M | Add +14.2% |
| A Agilent Technologies Inc. | 0.48% | 2,783,238 | $406.7M | Add +4.4% |
| PG The Procter & Gamble Co. | 0.47% | 2,452,732 | $397.9M | Reduce -8.0% |
| LKQ LKQ Corp. | 0.47% | 7,396,653 | $396.5M | Add +1.4% |
| AMAT Applied Materials Inc. | 0.47% | 1,927,391 | $396.3M | Add +4.8% |
| CAT Caterpillar Inc. | 0.46% | 1,067,960 | $389.9M | Add +5.1% |
| MCK McKesson Corp. | 0.45% | 702,844 | $378.0M | Reduce -7.1% |
| GIS General Mills Inc. | 0.45% | 5,362,663 | $376.5M | Add +7.4% |
| HD Home Depot Inc. | 0.44% | 974,042 | $373.1M | Add +0.3% |
| GPN Global Payments Inc. | 0.44% | 2,799,492 | $371.6M | Reduce -6.1% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.43% | 4,280,122 | $366.0M | Reduce -18.1% |
| NFLX Netflix Inc. | 0.42% | 591,961 | $359.2M | Add +24.3% |
| ES Eversource Energy | 0.41% | 5,838,947 | $347.0M | Reduce -7.3% |
| ACN Accenture PLC Class A | 0.41% | 1,008,689 | $346.0M | Reduce -15.5% |
| TER Teradyne Inc. | 0.40% | 3,028,930 | $342.2M | Add +14.6% |
| HLT Hilton Worldwide Holdings Inc. | 0.40% | 1,585,061 | $340.2M | Reduce -5.3% |
| NOW ServiceNow Inc. | 0.40% | 439,079 | $336.1M | Add +1.9% |
| ECL Ecolab Inc. | 0.40% | 1,457,083 | $335.5M | Reduce -6.9% |
| MCD McDonald's Corp. | 0.40% | 1,185,132 | $335.2M | Add +7.8% |
| CAG Conagra Brands Inc. | 0.39% | 11,217,958 | $332.8M | Reduce -15.6% |
| HIG Hartford Insurance Group Inc. | 0.39% | 3,191,914 | $328.3M | Add +7.9% |
| FISV Fiserv Inc. | 0.38% | 2,039,960 | $325.6M | Reduce -22.9% |
| ORCL Oracle Corp. | 0.38% | 2,551,255 | $320.2M | Add +42.4% |
| AKAM Akamai Technologies Inc. | 0.38% | 2,935,648 | $319.8M | Add +1.1% |
| WAT Waters Corp. | 0.38% | 923,217 | $317.7M | Reduce -5.2% |
| C Citigroup Inc. | 0.37% | 5,013,919 | $316.0M | Add +1.1% |
| MRVL Marvell Technology Inc. | 0.36% | 4,252,812 | $304.9M | Add +17.1% |
| LEN Lennar Corp. Class A | 0.36% | 1,760,729 | $303.6M | Add +3.6% |
| MTZ Mastec Inc. | 0.35% | 3,188,034 | $298.5M | Reduce -19.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.35% | 2,179,810 | $297.5M | Reduce -7.5% |
| GTLS Chart Industries Inc. | 0.35% | 1,765,103 | $296.6M | Reduce -9.4% |
| ROP Roper Technologies Inc. | 0.35% | 526,434 | $295.0M | Reduce -18.9% |
| SYK Stryker Corp. | 0.34% | 809,193 | $290.3M | Reduce -11.9% |
| WFC Wells Fargo & Co. | 0.34% | 4,977,450 | $288.3M | Reduce -13.9% |
| LOW Lowe's Cos Inc. | 0.34% | 1,127,171 | $285.7M | Reduce -3.6% |
| ANSS Ansys Inc. | 0.33% | 812,242 | $282.2M | Reduce -24.1% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.33% | 2,141,676 | $282.1M | Add +143.1% |
| ADI Analog Devices Inc. | 0.33% | 1,392,618 | $276.3M | Reduce -7.2% |
| CMI Cummins Inc. | 0.32% | 911,720 | $268.5M | Add +5.6% |
| SNA Snap-on Inc. | 0.31% | 891,994 | $265.2M | Add +3.2% |
| CNC Centene Corp. | 0.31% | 3,365,576 | $264.2M | Reduce -9.0% |
| WRK Westrock Co. | 0.31% | 5,301,068 | $260.2M | Add +22.4% |
| KVUE Kenvue Inc. | 0.29% | 11,648,526 | $249.0M | Reduce -2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 591,239 | $246.5M | Add +25.1% |
| ALL Allstate Corp. | 0.29% | 1,412,170 | $244.1M | Reduce -8.9% |
| DHR Danaher Corp. | 0.29% | 973,075 | $242.6M | Add +2.7% |
| GFL GFL Environmental Inc.-Sub VT | 0.28% | 6,744,834 | $236.0M | Reduce -8.7% |
| PWR Quanta Services Inc. | 0.28% | 898,968 | $234.1M | Reduce -1.5% |
| TXRH Texas Roadhouse Inc. | 0.27% | 1,495,741 | $231.4M | Reduce -7.5% |
Portfolio Sells Q4 2023 → Q1 2024
| CMCSA Comcast Corp. Class A | Reduce -25.1% | 0.68% | −0.31 |
| ADBE Adobe Inc. | Reduce -2.1% | 0.85% | −0.26 |
| UNH Unitedhealth Group Inc. | Reduce -7.5% | 0.98% | −0.24 |
| DE Deere & Co. | Reduce -66.9% | 0.11% | −0.23 |
| BMY Bristol-Myers Squibb Co. | Reduce -30.8% | 0.49% | −0.23 |
| SNPS Synopsys Inc. | Reduce -33.9% | 0.51% | −0.23 |
| KO The Coca-Cola Co. | Reduce -13.0% | 0.92% | −0.17 |
| NDAQ Nasdaq Inc. | Reduce -99.0% | 0.00% | −0.17 |
| AIG American International Group | Reduce -97.2% | 0.01% | −0.17 |
| ANSS Ansys Inc. | Reduce -24.1% | 0.33% | −0.16 |
| PFE Pfizer Inc. | Reduce -47.6% | 0.14% | −0.16 |
| JNJ Johnson & Johnson | Reduce -4.0% | 1.43% | −0.15 |
| APTV Aptiv Irish Holdings Ltd. | Reduce -49.7% | 0.10% | −0.15 |
| LEA Lear Corp. | Reduce -63.7% | 0.08% | −0.14 |
| TMO Thermo Fisher Scientific Inc. | Reduce -73.4% | 0.05% | −0.13 |
| ACN Accenture PLC Class A | Reduce -15.5% | 0.41% | −0.12 |
| CVS CVS Health Corp. | Reduce -8.0% | 0.78% | −0.12 |
| CB Chubb Ltd. | Reduce -38.8% | 0.22% | −0.12 |
| GOOGL Alphabet Inc. Class A | Reduce -4.5% | 2.58% | −0.11 |
| PEG Public Service Enterprise GP | Reduce -48.0% | 0.13% | −0.11 |
| CSCO Cisco Systems Inc. | Reduce -2.0% | 1.12% | −0.11 |
| V Visa Inc. Class A | Reduce -5.7% | 1.57% | −0.11 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -40.0% | 0.17% | −0.11 |
| IFF Intl Flavors & Fragrances | Reduce -18.1% | 0.43% | −0.10 |
| ROP Roper Technologies Inc. | Reduce -18.9% | 0.35% | −0.10 |
| TSCO Tractor Supply Company | Reduce -97.9% | 0.00% | −0.10 |
| DOV Dover Corp. | Reduce -88.7% | 0.01% | −0.10 |
| CAG Conagra Brands Inc. | Reduce -15.6% | 0.39% | −0.09 |
| FLS Flowserve Corp. | Reduce -36.9% | 0.17% | −0.09 |
| MIDD Middleby Corp. | Reduce -27.1% | 0.23% | −0.09 |
| QCOM Qualcomm Inc. | Reduce -37.0% | 0.19% | −0.09 |
| MNST Monster Beverage Corp. | Reduce -21.2% | 0.26% | −0.08 |
| ES Eversource Energy | Reduce -7.3% | 0.41% | −0.08 |
| EXPD Expeditors Intl Wash Inc. | Reduce -19.4% | 0.18% | −0.07 |
| SJM The JM Smucker Co. | Reduce -28.4% | 0.14% | −0.07 |
| SWKS Skyworks Solutions Inc. | Reduce -97.1% | 0.00% | −0.06 |
| PKG Packaging Corp. of America | Reduce -97.8% | 0.00% | −0.06 |
| FISV Fiserv Inc. | Reduce -22.9% | 0.38% | −0.06 |
| PLMR Palomar Holdings Inc. | Sold out | 0.00% | −0.06 |
| ELV Elevance Health Inc. | Reduce -8.3% | 0.92% | −0.05 |
| XEL Xcel Energy Inc. | Reduce -4.4% | 0.18% | −0.05 |
| ADI Analog Devices Inc. | Reduce -7.2% | 0.33% | −0.05 |
| EIX Edison International | Reduce -8.4% | 0.27% | −0.05 |
| AZPN Aspen Technology Inc. | Reduce -8.2% | 0.23% | −0.05 |
| MSFT Microsoft Corp. | Reduce -5.0% | 5.24% | −0.05 |
| CCEP Coca-Cola Europacific Partne | Reduce -20.6% | 0.17% | −0.05 |
| AMGN Amgen Inc. | Reduce -0.0% | 0.61% | −0.05 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -8.7% | 0.28% | −0.05 |
| BAC Bank of America Corp. | Reduce -46.9% | 0.06% | −0.05 |
| GPN Global Payments Inc. | Reduce -6.1% | 0.44% | −0.04 |
Portfolio Buys Q4 2023 → Q1 2024
| BDX Becton Dickinson and Co. | Add +277.3% | 0.57% | +0.41 |
| MKSI MKS Inc. | Add +143.1% | 0.33% | +0.22 |
| ADP Automatic Data Processing | Add +27.8% | 0.80% | +0.17 |
| AMZN Amazon.com Inc. | Add +5.5% | 1.22% | +0.17 |
| AEP American Electric Power | Add +381.9% | 0.20% | +0.16 |
| NTNX Nutanix Inc. Class A | Add +387.1% | 0.19% | +0.16 |
| MRK Merck & Co. Inc. | Add +0.7% | 1.30% | +0.15 |
| WTRG Essential Utilities Inc. | Add +17553.7% | 0.15% | +0.15 |
| LLY Eli Lilly & Co. | Add +0.0% | 0.72% | +0.15 |
| ORCL Oracle Corp. | Add +42.4% | 0.38% | +0.14 |
| GL Globe Life Inc. | Add +10526.9% | 0.14% | +0.14 |
| SRE Sempra | Add +5279.4% | 0.13% | +0.13 |
| NFLX Netflix Inc. | Add +24.3% | 0.42% | +0.13 |
| AZO AutoZone Inc. | Add +4.1% | 0.76% | +0.12 |
| DIS The Walt Disney Co. | Add +555.9% | 0.14% | +0.12 |
| OC Owens Corning | Add +74.4% | 0.25% | +0.11 |
| AXP American Express Co. | Add +14.2% | 0.48% | +0.11 |
| DELL Dell Technologies -C | Add +303.6% | 0.13% | +0.10 |
| BKNG Booking Holdings Inc. | Add +22.1% | 0.69% | +0.10 |
| CDNS Cadence Design SYS Inc. | Add +7.7% | 0.75% | +0.10 |
| AMAT Applied Materials Inc. | Add +4.8% | 0.47% | +0.09 |
| HIG Hartford Insurance Group Inc. | Add +7.9% | 0.39% | +0.09 |
| NEE Nextera Energy Inc. | Add +22.3% | 0.52% | +0.09 |
| CRH CRH PLC | New | 0.08% | +0.08 |
| EW Edwards Lifesciences Corp. | Add +32.7% | 0.24% | +0.08 |
| CAT Caterpillar Inc. | Add +5.1% | 0.46% | +0.08 |
| MRVL Marvell Technology Inc. | Add +17.1% | 0.36% | +0.08 |
| PAYX Paychex Inc. | Add +85.1% | 0.18% | +0.08 |
| WRK Westrock Co. | Add +22.4% | 0.31% | +0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +25.1% | 0.29% | +0.08 |
| UTHR United Therapeutics Corp. | Add +677.6% | 0.09% | +0.07 |
| UNM Unum Group | Add +51.7% | 0.19% | +0.07 |
| AVGO Broadcom Inc. | Add +1.4% | 0.71% | +0.07 |
| SFM Sprouts Farmers Market Inc. | Add +9.8% | 0.26% | +0.07 |
| VMC Vulcan Materials Co. | Add +621.1% | 0.08% | +0.07 |
| SMCI Super Micro Computer Inc. | Add +1516.8% | 0.07% | +0.07 |
| APD Air Products & Chemicals Inc. | Add +66.1% | 0.25% | +0.06 |
| IEX Idex Corp. | Add +151.9% | 0.10% | +0.06 |
| CTAS Cintas Corp. | Add +6.3% | 0.52% | +0.06 |
| WELL Welltower Inc. | Add +88.1% | 0.12% | +0.05 |
| CMI Cummins Inc. | Add +5.6% | 0.32% | +0.05 |
| SNX TD Synnex Corp. | Add +38.5% | 0.20% | +0.05 |
| CPRT Copart Inc. | Add +44.1% | 0.14% | +0.05 |
| KR Kroger Co. | Add +33.3% | 0.15% | +0.05 |
| C Citigroup Inc. | Add +1.1% | 0.37% | +0.05 |
| VLTO Veralto Corp. | Add +753.8% | 0.06% | +0.05 |
| AIT Applied Industrial Tech Inc. | New | 0.05% | +0.05 |
| FTRE Fortrea Holdings Inc. | Add +4500.5% | 0.05% | +0.05 |
| CBRE CBRE Group Inc. Class A | Add +1730.4% | 0.05% | +0.04 |
| RMD Resmed Inc. | Add +1844.5% | 0.04% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 921 | $122.6B | NVDA, AAPL, MSFT, AVGO, AMZN |
| Q1 2026 | 864 | $107.2B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q4 2025 | 859 | $116.4B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q3 2025 | 845 | $114.2B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q2 2025 | 861 | $107.8B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2025 | 875 | $94.7B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q4 2024 | 882 | $95.6B | AAPL, MSFT, NVDA, GOOGL, AMZN |
| Q3 2024 | 893 | $88.0B | MSFT, AAPL, NVDA, GOOGL, AMZN |
| Q2 2024 | 910 | $85.2B | MSFT, AAPL, NVDA, GOOGL, AMZN |
| Q1 2024 | 928 | $84.6B | MSFT, AAPL, NVDA, GOOGL, V |