Nordea Investment Management AB
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 8, 2024), Nordea Investment Management AB reported 910 stock positions worth $85.2 billion. Its top holding was Microsoft (MSFT) at 5.9% of the portfolio, followed by Apple (AAPL, 4.9%) and Nvidia (NVDA, 4.4%). Compared with Q1 2024, it opened 19 new positions, sold out of 39, added to 457 and reduced 371. The biggest buy was Nvidia (NVDA, shares +8%) and the biggest sale Unitedhealth (UNH, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0001218210
- Portfolio Value
- $85.2B (Q2 2024)
- SEC Filing
- 0001218210-24-000015 ↗ filed Aug 8, 2024
Holdings Value
Holdings 910 stocks · $85.2B
| MSFT Microsoft Corp. | 5.87% | 11,024,796 | $5.0B | Add +4.6% |
| AAPL Apple Inc. | 4.88% | 19,417,911 | $4.2B | Add +12.6% |
| NVDA Nvidia Corp. | 4.41% | 29,834,704 | $3.8B | Add +7.5% |
| GOOGL Alphabet Inc. Class A | 2.80% | 12,957,076 | $2.4B | Reduce -10.6% |
| AMZN Amazon.com Inc. | 1.37% | 5,964,312 | $1.2B | Add +4.8% |
| V Visa Inc. Class A | 1.36% | 4,348,653 | $1.2B | Reduce -8.6% |
| GOOG Alphabet Inc. Class C | 1.36% | 6,246,858 | $1.2B | Reduce -1.2% |
| MRK Merck & Co. Inc. | 1.15% | 7,543,776 | $980.2M | Reduce -9.8% |
| META Meta Platforms Inc. Class A | 1.15% | 1,890,738 | $976.4M | Reduce -9.6% |
| MA Mastercard Inc. Class A | 1.14% | 2,174,630 | $972.4M | Reduce -7.8% |
| JNJ Johnson & Johnson | 1.11% | 6,449,842 | $943.2M | Reduce -15.7% |
| LIN Linde PLC | 1.11% | 2,138,912 | $943.0M | Reduce -6.9% |
| CSCO Cisco Systems Inc. | 1.05% | 18,795,287 | $896.3M | Reduce -0.6% |
| WM Waste Management Inc. | 1.01% | 4,024,243 | $857.6M | Reduce -13.9% |
| ADBE Adobe Inc. | 0.98% | 1,519,475 | $839.3M | Add +5.9% |
| LLY Eli Lilly & Co. | 0.98% | 918,256 | $838.3M | Add +18.1% |
| EMR Emerson Electric Co. | 0.89% | 6,911,114 | $760.2M | Add +0.2% |
| AVGO Broadcom Inc. | 0.88% | 465,761 | $746.4M | Add +3.0% |
| ELV Elevance Health Inc. | 0.85% | 1,338,188 | $721.9M | Reduce -10.6% |
| CDNS Cadence Design SYS Inc. | 0.84% | 2,314,006 | $718.7M | Add +13.4% |
| BKNG Booking Holdings Inc. | 0.82% | 173,087 | $697.2M | Add +8.2% |
| CI The Cigna Group | 0.80% | 2,049,638 | $685.8M | Reduce -12.0% |
| NEE Nextera Energy Inc. | 0.78% | 9,190,646 | $661.9M | Add +32.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.77% | 5,961,784 | $658.3M | Add +1.0% |
| ABBV Abbvie Inc. | 0.75% | 3,754,171 | $636.9M | Reduce -8.7% |
| KO The Coca-Cola Co. | 0.70% | 9,293,232 | $594.4M | Reduce -27.1% |
| PEP Pepsico Inc. | 0.69% | 3,554,473 | $589.2M | Reduce -11.2% |
| EBAY eBay Inc. | 0.69% | 10,995,221 | $588.8M | Add +24.0% |
| AMGN Amgen Inc. | 0.67% | 1,805,288 | $568.1M | Add +0.3% |
| ADP Automatic Data Processing | 0.65% | 2,315,857 | $556.5M | Reduce -14.7% |
| FTNT Fortinet Inc. | 0.64% | 8,985,440 | $543.3M | Add +2.2% |
| JPM JPMorgan Chase & Co. | 0.63% | 2,659,479 | $537.0M | Add +1.6% |
| RSG Republic Services Inc. | 0.61% | 2,660,446 | $519.1M | Reduce -16.0% |
| SNPS Synopsys Inc. | 0.59% | 832,878 | $504.3M | Add +11.1% |
| CRM Salesforce Inc. | 0.59% | 1,953,823 | $503.9M | Add +24.5% |
| AZO AutoZone Inc. | 0.58% | 168,425 | $496.6M | Reduce -17.1% |
| LRCX Lam Research Corp. | 0.57% | 455,642 | $488.1M | Add +2.4% |
| MSCI MSCI Inc. | 0.56% | 973,435 | $473.7M | Add +305.7% |
| AMAT Applied Materials Inc. | 0.54% | 1,931,720 | $460.6M | Add +0.2% |
| CTAS Cintas Corp. | 0.52% | 628,953 | $447.4M | Reduce -1.4% |
| AXP American Express Co. | 0.52% | 1,899,853 | $441.9M | Add +5.6% |
| NFLX Netflix Inc. | 0.52% | 648,259 | $441.1M | Add +9.5% |
| CVS CVS Health Corp. | 0.51% | 7,330,878 | $437.7M | Reduce -11.5% |
| PG The Procter & Gamble Co. | 0.51% | 2,602,870 | $432.4M | Add +6.1% |
| BDX Becton Dickinson and Co. | 0.50% | 1,817,672 | $426.0M | Reduce -6.1% |
| MCK McKesson Corp. | 0.50% | 712,486 | $422.0M | Add +1.4% |
| URI United Rentals Inc. | 0.49% | 650,167 | $420.0M | Add +7.2% |
| CMCSA Comcast Corp. Class A | 0.49% | 10,663,073 | $417.1M | Reduce -20.0% |
| CL Colgate-Palmolive Co. | 0.49% | 4,246,532 | $416.2M | Reduce -18.3% |
| SBUX Starbucks Corp. | 0.48% | 5,196,362 | $407.8M | Reduce -4.0% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.47% | 4,147,400 | $397.5M | Reduce -3.1% |
| UNH Unitedhealth Group Inc. | 0.46% | 778,600 | $389.7M | Reduce -53.7% |
| NOW ServiceNow Inc. | 0.45% | 493,418 | $387.0M | Add +12.4% |
| CHKP Check Point Software Tech | 0.45% | 2,349,983 | $384.2M | Reduce -12.1% |
| A Agilent Technologies Inc. | 0.44% | 2,826,520 | $372.0M | Add +1.6% |
| CAT Caterpillar Inc. | 0.43% | 1,114,039 | $369.9M | Add +4.3% |
| NKE Nike Inc. Class B | 0.43% | 4,841,216 | $368.5M | Reduce -10.2% |
| MDLZ Mondelez International Inc. Class A | 0.43% | 5,542,138 | $365.0M | Reduce -19.0% |
| CAG Conagra Brands Inc. | 0.42% | 12,488,132 | $354.8M | Add +11.3% |
| ECL Ecolab Inc. | 0.42% | 1,479,666 | $354.4M | Add +1.6% |
| HD Home Depot Inc. | 0.42% | 1,030,114 | $353.9M | Add +5.8% |
| VZ Verizon Communications Inc. | 0.41% | 8,498,506 | $352.3M | Reduce -15.6% |
| HIG Hartford Insurance Group Inc. | 0.39% | 3,308,761 | $335.5M | Add +3.7% |
| GIS General Mills Inc. | 0.39% | 5,284,127 | $335.2M | Reduce -1.5% |
| LKQ LKQ Corp. | 0.38% | 7,939,212 | $327.9M | Add +7.3% |
| C Citigroup Inc. | 0.38% | 5,148,241 | $323.6M | Add +2.7% |
| ACN Accenture PLC Class A | 0.37% | 1,046,472 | $317.9M | Add +3.8% |
| FISV Fiserv Inc. | 0.37% | 2,132,381 | $317.1M | Add +4.5% |
| MCD McDonald's Corp. | 0.36% | 1,189,115 | $306.6M | Add +0.3% |
| LEN Lennar Corp. Class A | 0.35% | 2,009,615 | $302.1M | Add +14.1% |
| ORCL Oracle Corp. | 0.35% | 2,097,766 | $299.0M | Reduce -17.8% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.35% | 2,218,705 | $295.2M | Add +3.6% |
| MRVL Marvell Technology Inc. | 0.34% | 4,147,378 | $293.3M | Reduce -2.5% |
| VLTO Veralto Corp. | 0.34% | 2,993,434 | $292.1M | Add +468.0% |
| WFC Wells Fargo & Co. | 0.34% | 4,933,808 | $290.9M | Reduce -0.9% |
| OC Owens Corning | 0.34% | 1,661,762 | $290.9M | Add +32.8% |
| ROP Roper Technologies Inc. | 0.34% | 511,134 | $290.6M | Reduce -2.9% |
| TER Teradyne Inc. | 0.33% | 1,883,771 | $282.6M | Reduce -37.8% |
| SYK Stryker Corp. | 0.33% | 830,331 | $282.3M | Add +2.6% |
| GFL GFL Environmental Inc.-Sub VT | 0.33% | 7,243,722 | $281.8M | Add +7.4% |
| MTZ Mastec Inc. | 0.32% | 2,512,697 | $276.3M | Reduce -21.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 671,525 | $274.5M | Add +13.6% |
| KMB Kimberly-Clark Corp. | 0.32% | 1,948,968 | $271.4M | Add +13.3% |
| ADI Analog Devices Inc. | 0.32% | 1,172,989 | $270.1M | Reduce -15.8% |
| ES Eversource Energy | 0.32% | 4,767,249 | $269.9M | Reduce -18.4% |
| LOW Lowe's Cos Inc. | 0.31% | 1,200,510 | $265.4M | Add +6.5% |
| SFM Sprouts Farmers Market Inc. | 0.31% | 3,199,068 | $264.9M | Reduce -4.1% |
| GPN Global Payments Inc. | 0.31% | 2,732,507 | $261.2M | Reduce -2.4% |
| ANSS Ansys Inc. | 0.30% | 792,742 | $255.8M | Reduce -2.4% |
| UPS United Parcel Service Class B | 0.30% | 1,865,893 | $254.9M | Add +77.3% |
| WAT Waters Corp. | 0.30% | 871,081 | $253.8M | Reduce -5.7% |
| CMI Cummins Inc. | 0.30% | 911,948 | $252.2M | Add +0.0% |
| GTLS Chart Industries Inc. | 0.29% | 1,723,967 | $249.0M | Reduce -2.3% |
| SNA Snap-on Inc. | 0.29% | 952,113 | $248.1M | Add +6.7% |
| AWK American Water Works Co. Inc. | 0.29% | 1,919,876 | $247.4M | Add +9342.2% |
| TSLA Tesla Inc. | 0.29% | 1,207,847 | $244.9M | Add +35.9% |
| BMY Bristol-Myers Squibb Co. | 0.29% | 5,772,583 | $243.2M | Reduce -25.0% |
| QCOM Qualcomm Inc. | 0.28% | 1,222,267 | $242.7M | Add +31.4% |
| EIX Edison International | 0.28% | 3,355,131 | $240.2M | Add +2.8% |
| WRK Westrock Co. | 0.28% | 4,799,703 | $239.5M | Reduce -9.5% |
Portfolio Sells Q1 2024 → Q2 2024
| UNH Unitedhealth Group Inc. | Reduce -53.7% | 0.46% | −0.52 |
| HSY The Hershey Co. | Reduce -82.4% | 0.09% | −0.45 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -94.8% | 0.02% | −0.38 |
| JNJ Johnson & Johnson | Reduce -15.7% | 1.11% | −0.33 |
| CVS CVS Health Corp. | Reduce -11.5% | 0.51% | −0.27 |
| MMM 3M Co. | Reduce -97.2% | 0.01% | −0.26 |
| ALL Allstate Corp. | Reduce -81.6% | 0.05% | −0.24 |
| KO The Coca-Cola Co. | Reduce -27.1% | 0.70% | −0.22 |
| BMY Bristol-Myers Squibb Co. | Reduce -25.0% | 0.29% | −0.21 |
| V Visa Inc. Class A | Reduce -8.6% | 1.36% | −0.20 |
| CI The Cigna Group | Reduce -12.0% | 0.80% | −0.20 |
| MA Mastercard Inc. Class A | Reduce -7.8% | 1.14% | −0.20 |
| CMCSA Comcast Corp. Class A | Reduce -20.0% | 0.49% | −0.19 |
| AZO AutoZone Inc. | Reduce -17.1% | 0.58% | −0.18 |
| WM Waste Management Inc. | Reduce -13.9% | 1.01% | −0.17 |
| NKE Nike Inc. Class B | Reduce -10.2% | 0.43% | −0.17 |
| MRK Merck & Co. Inc. | Reduce -9.8% | 1.15% | −0.15 |
| AKAM Akamai Technologies Inc. | Reduce -27.1% | 0.23% | −0.15 |
| LIN Linde PLC | Reduce -6.9% | 1.11% | −0.15 |
| ADP Automatic Data Processing | Reduce -14.7% | 0.65% | −0.15 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -86.5% | 0.02% | −0.15 |
| MDLZ Mondelez International Inc. Class A | Reduce -19.0% | 0.43% | −0.14 |
| PEP Pepsico Inc. | Reduce -11.2% | 0.69% | −0.14 |
| ABBV Abbvie Inc. | Reduce -8.7% | 0.75% | −0.13 |
| GPN Global Payments Inc. | Reduce -2.4% | 0.31% | −0.13 |
| EXPD Expeditors Intl Wash Inc. | Reduce -71.3% | 0.05% | −0.13 |
| EL Estee Lauder Companies Class A | Reduce -19.5% | 0.14% | −0.12 |
| RSG Republic Services Inc. | Reduce -16.0% | 0.61% | −0.11 |
| SBUX Starbucks Corp. | Reduce -4.0% | 0.48% | −0.11 |
| ADSK Autodesk Inc. | Reduce -95.6% | 0.00% | −0.11 |
| DHR Danaher Corp. | Reduce -36.3% | 0.18% | −0.10 |
| MIDD Middleby Corp. | Reduce -27.8% | 0.13% | −0.10 |
| AEP American Electric Power | Reduce -51.0% | 0.10% | −0.10 |
| KVUE Kenvue Inc. | Reduce -23.1% | 0.19% | −0.10 |
| MTN Vail Resorts Inc. | Reduce -78.1% | 0.02% | −0.10 |
| ES Eversource Energy | Reduce -18.4% | 0.32% | −0.09 |
| APD Air Products & Chemicals Inc. | Reduce -39.4% | 0.16% | −0.09 |
| APO Apollo Global Management Inc. | Reduce -95.5% | 0.00% | −0.09 |
| VZ Verizon Communications Inc. | Reduce -15.6% | 0.41% | −0.08 |
| CNC Centene Corp. | Reduce -13.0% | 0.23% | −0.08 |
| CB Chubb Ltd. | Reduce -35.9% | 0.14% | −0.08 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.08 |
| TXRH Texas Roadhouse Inc. | Reduce -36.4% | 0.20% | −0.08 |
| WAT Waters Corp. | Reduce -5.7% | 0.30% | −0.08 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -38.9% | 0.27% | −0.08 |
| ELV Elevance Health Inc. | Reduce -10.6% | 0.85% | −0.07 |
| LEA Lear Corp. | Reduce -92.7% | 0.00% | −0.07 |
| TER Teradyne Inc. | Reduce -37.8% | 0.33% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -0.6% | 1.05% | −0.07 |
| CHKP Check Point Software Tech | Reduce -12.1% | 0.45% | −0.07 |
Portfolio Buys Q1 2024 → Q2 2024
| NVDA Nvidia Corp. | Add +7.5% | 4.41% | +1.43 |
| AAPL Apple Inc. | Add +12.6% | 4.88% | +1.40 |
| MSFT Microsoft Corp. | Add +4.6% | 5.87% | +0.63 |
| MSCI MSCI Inc. | Add +305.7% | 0.56% | +0.40 |
| AWK American Water Works Co. Inc. | Add +9342.2% | 0.29% | +0.29 |
| VLTO Veralto Corp. | Add +468.0% | 0.34% | +0.29 |
| LLY Eli Lilly & Co. | Add +18.1% | 0.98% | +0.26 |
| NEE Nextera Energy Inc. | Add +32.0% | 0.78% | +0.25 |
| AVGO Broadcom Inc. | Add +3.0% | 0.88% | +0.17 |
| AMZN Amazon.com Inc. | Add +4.8% | 1.37% | +0.16 |
| KHC The Kraft Heinz Co. | Add +145.7% | 0.27% | +0.14 |
| DASH DoorDash Inc. Class A | Add +5734.9% | 0.14% | +0.14 |
| EBAY eBay Inc. | Add +24.0% | 0.69% | +0.14 |
| ADBE Adobe Inc. | Add +5.9% | 0.98% | +0.13 |
| BKNG Booking Holdings Inc. | Add +8.2% | 0.82% | +0.13 |
| BAX Baxter International Inc. | Add +148.7% | 0.24% | +0.12 |
| PCAR Paccar Inc. | Add +1495.3% | 0.13% | +0.12 |
| UPS United Parcel Service Class B | Add +77.3% | 0.30% | +0.11 |
| TSLA Tesla Inc. | Add +35.9% | 0.29% | +0.10 |
| QCOM Qualcomm Inc. | Add +31.4% | 0.28% | +0.10 |
| OGN Organon & Co. | Add +87.2% | 0.18% | +0.09 |
| OC Owens Corning | Add +32.8% | 0.34% | +0.09 |
| NFLX Netflix Inc. | Add +9.5% | 0.52% | +0.09 |
| CDNS Cadence Design SYS Inc. | Add +13.4% | 0.84% | +0.09 |
| IEX Idex Corp. | Add +132.3% | 0.19% | +0.09 |
| TTWO Take-Two Interactive Softwre | Add +60.4% | 0.22% | +0.09 |
| VMC Vulcan Materials Co. | Add +134.7% | 0.16% | +0.09 |
| LH Labcorp Holdings Inc. | Add +60.8% | 0.25% | +0.08 |
| AIZ Assurant Inc. | Add +186.2% | 0.14% | +0.08 |
| SNPS Synopsys Inc. | Add +11.1% | 0.59% | +0.08 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +18.7% | 0.27% | +0.08 |
| PAYX Paychex Inc. | Add +46.7% | 0.26% | +0.08 |
| WTRG Essential Utilities Inc. | Add +47.0% | 0.22% | +0.07 |
| AMAT Applied Materials Inc. | Add +0.2% | 0.54% | +0.07 |
| CEG Constellation Energy | Add +152.6% | 0.11% | +0.07 |
| TRV The Travelers Cos Inc. | Add +92.6% | 0.16% | +0.07 |
| CRH CRH PLC | Add +104.8% | 0.15% | +0.06 |
| PHM Pultegroup Inc. | Add +83.0% | 0.16% | +0.06 |
| TJX TJX Companies Inc. | Add +1.0% | 0.77% | +0.06 |
| LRCX Lam Research Corp. | Add +2.4% | 0.57% | +0.06 |
| PANW Palo Alto Networks Inc. | Add +14.0% | 0.23% | +0.06 |
| POR Portland General Electric Co. | Add +702.0% | 0.07% | +0.06 |
| AMGN Amgen Inc. | Add +0.3% | 0.67% | +0.06 |
| WSM Williams-Sonoma Inc. | Add +4517.7% | 0.06% | +0.06 |
| NOW ServiceNow Inc. | Add +12.4% | 0.45% | +0.06 |
| KMB Kimberly-Clark Corp. | Add +13.3% | 0.32% | +0.06 |
| TEL Te Connectivity Ltd. | Add +34.7% | 0.19% | +0.05 |
| VTRS Viatris Inc. | Add +117.3% | 0.11% | +0.05 |
| ORLY O'reilly Automotive Inc. | Add +77.5% | 0.13% | +0.05 |
| GFL GFL Environmental Inc.-Sub VT | Add +7.4% | 0.33% | +0.05 |
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 |