Nordea Investment Management AB
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 5, 2024), Nordea Investment Management AB reported 893 stock positions worth $88.0 billion. Its top holding was Microsoft (MSFT) at 5.5% of the portfolio, followed by Apple (AAPL, 5.1%) and Nvidia (NVDA, 4.1%). Compared with Q2 2024, it opened 22 new positions, sold out of 39, added to 298 and reduced 470. The biggest buy was Amazon.com (AMZN, shares +53%) and the biggest sale Analog Devices (ADI, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0001218210
- Portfolio Value
- $88.0B (Q3 2024)
- SEC Filing
- 0002035123-24-000002 ↗ filed Nov 5, 2024
Holdings Value
Holdings 893 stocks · $88.0B
| MSFT Microsoft Corp. | 5.50% | 11,357,148 | $4.8B | Add +3.0% |
| AAPL Apple Inc. | 5.14% | 19,547,771 | $4.5B | Add +0.7% |
| NVDA Nvidia Corp. | 4.07% | 29,871,289 | $3.6B | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 2.51% | 13,477,608 | $2.2B | Add +4.0% |
| AMZN Amazon.com Inc. | 1.91% | 9,114,743 | $1.7B | Add +52.8% |
| V Visa Inc. Class A | 1.27% | 4,064,904 | $1.1B | Reduce -6.5% |
| META Meta Platforms Inc. Class A | 1.23% | 1,908,404 | $1.1B | Add +0.9% |
| MA Mastercard Inc. Class A | 1.22% | 2,172,851 | $1.1B | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 1.21% | 6,479,524 | $1.1B | Add +3.7% |
| MRK Merck & Co. Inc. | 1.16% | 8,977,261 | $1.0B | Add +19.0% |
| LIN Linde PLC | 1.14% | 2,098,800 | $1.0B | Reduce -1.9% |
| CSCO Cisco Systems Inc. | 1.11% | 18,501,563 | $980.8M | Reduce -1.6% |
| JNJ Johnson & Johnson | 1.04% | 5,649,185 | $913.3M | Reduce -12.4% |
| LLY Eli Lilly & Co. | 1.01% | 1,015,515 | $892.9M | Add +10.6% |
| ADBE Adobe Inc. | 0.98% | 1,679,202 | $864.6M | Add +10.5% |
| WM Waste Management Inc. | 0.93% | 3,959,974 | $818.9M | Reduce -1.6% |
| AVGO Broadcom Inc. | 0.89% | 4,577,746 | $784.3M | Reduce -1.7% |
| CDNS Cadence Design SYS Inc. | 0.85% | 2,755,180 | $744.9M | Add +19.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.83% | 6,204,134 | $726.4M | Add +4.1% |
| EMR Emerson Electric Co. | 0.82% | 6,638,080 | $721.0M | Reduce -4.0% |
| BKNG Booking Holdings Inc. | 0.82% | 171,167 | $717.6M | Reduce -1.1% |
| PEP Pepsico Inc. | 0.80% | 4,142,037 | $705.7M | Add +16.5% |
| FTNT Fortinet Inc. | 0.79% | 8,970,161 | $691.4M | Reduce -0.2% |
| CI The Cigna Group | 0.77% | 1,952,365 | $678.8M | Reduce -4.8% |
| ELV Elevance Health Inc. | 0.73% | 1,232,238 | $640.2M | Reduce -7.9% |
| NEE Nextera Energy Inc. | 0.70% | 7,308,289 | $617.7M | Reduce -20.5% |
| MSCI MSCI Inc. | 0.68% | 1,032,624 | $598.4M | Add +6.1% |
| AZO AutoZone Inc. | 0.66% | 182,284 | $577.6M | Add +8.2% |
| ADP Automatic Data Processing | 0.65% | 2,081,566 | $572.5M | Reduce -10.1% |
| EBAY eBay Inc. | 0.65% | 8,815,991 | $570.7M | Reduce -19.8% |
| KO The Coca-Cola Co. | 0.64% | 7,801,903 | $562.6M | Reduce -16.1% |
| JPM JPMorgan Chase & Co. | 0.64% | 2,674,799 | $560.4M | Add +0.6% |
| CRM Salesforce Inc. | 0.63% | 2,045,795 | $556.1M | Add +4.7% |
| URI United Rentals Inc. | 0.62% | 680,917 | $548.1M | Add +4.7% |
| AMGN Amgen Inc. | 0.61% | 1,662,067 | $536.9M | Reduce -7.9% |
| AXP American Express Co. | 0.60% | 1,955,908 | $526.8M | Add +3.0% |
| RSG Republic Services Inc. | 0.60% | 2,620,206 | $524.1M | Reduce -1.5% |
| BDX Becton Dickinson and Co. | 0.59% | 2,170,998 | $520.6M | Add +19.4% |
| ABBV Abbvie Inc. | 0.56% | 2,510,279 | $492.9M | Reduce -33.1% |
| CTAS Cintas Corp. | 0.56% | 2,394,719 | $492.4M | Reduce -4.8% |
| NFLX Netflix Inc. | 0.55% | 691,192 | $487.7M | Add +6.6% |
| PG The Procter & Gamble Co. | 0.53% | 2,696,874 | $468.3M | Add +3.6% |
| NKE Nike Inc. Class B | 0.53% | 5,252,600 | $466.2M | Add +8.5% |
| A Agilent Technologies Inc. | 0.52% | 3,117,896 | $460.5M | Add +10.3% |
| SNPS Synopsys Inc. | 0.52% | 900,711 | $458.0M | Add +8.1% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.52% | 4,368,327 | $457.7M | Add +5.3% |
| NOW ServiceNow Inc. | 0.52% | 515,563 | $454.8M | Add +4.5% |
| CHKP Check Point Software Tech | 0.49% | 2,261,116 | $433.6M | Reduce -3.8% |
| CVS CVS Health Corp. | 0.49% | 6,790,782 | $429.0M | Reduce -7.4% |
| CMCSA Comcast Corp. Class A | 0.48% | 10,162,365 | $422.7M | Reduce -4.7% |
| HD Home Depot Inc. | 0.46% | 1,015,795 | $408.7M | Reduce -1.4% |
| CL Colgate-Palmolive Co. | 0.45% | 3,843,952 | $399.8M | Reduce -9.5% |
| MCK McKesson Corp. | 0.45% | 813,247 | $398.3M | Add +14.1% |
| MDLZ Mondelez International Inc. Class A | 0.45% | 5,380,107 | $395.9M | Reduce -2.9% |
| HIG Hartford Insurance Group Inc. | 0.44% | 3,357,318 | $391.4M | Add +1.5% |
| AMAT Applied Materials Inc. | 0.44% | 1,913,022 | $385.6M | Reduce -1.0% |
| ECL Ecolab Inc. | 0.43% | 1,497,382 | $379.6M | Add +1.2% |
| CAG Conagra Brands Inc. | 0.43% | 11,667,483 | $377.0M | Reduce -6.6% |
| VZ Verizon Communications Inc. | 0.42% | 8,234,833 | $372.3M | Reduce -3.1% |
| FISV Fiserv Inc. | 0.42% | 2,071,690 | $371.0M | Reduce -2.9% |
| LRCX Lam Research Corp. | 0.42% | 447,575 | $366.3M | Reduce -1.8% |
| GIS General Mills Inc. | 0.40% | 4,744,632 | $350.6M | Reduce -10.2% |
| ACN Accenture PLC Class A | 0.40% | 987,673 | $348.1M | Reduce -5.6% |
| LEN Lennar Corp. Class A | 0.39% | 1,853,134 | $345.6M | Reduce -7.8% |
| ORCL Oracle Corp. | 0.39% | 2,028,889 | $339.1M | Reduce -3.3% |
| C Citigroup Inc. | 0.38% | 5,383,913 | $335.5M | Add +4.6% |
| SFM Sprouts Farmers Market Inc. | 0.38% | 3,039,454 | $335.2M | Reduce -5.0% |
| OC Owens Corning | 0.38% | 1,909,916 | $332.8M | Add +14.9% |
| AWK American Water Works Co. Inc. | 0.38% | 2,292,974 | $331.4M | Add +19.4% |
| UNH Unitedhealth Group Inc. | 0.38% | 565,235 | $330.9M | Reduce -27.4% |
| KMB Kimberly-Clark Corp. | 0.37% | 2,275,910 | $325.1M | Add +16.8% |
| BMY Bristol-Myers Squibb Co. | 0.37% | 6,321,437 | $325.0M | Add +9.5% |
| VLTO Veralto Corp. | 0.37% | 2,914,577 | $323.7M | Reduce -2.6% |
| WFC Wells Fargo & Co. | 0.36% | 5,708,529 | $321.3M | Add +15.7% |
| UPS United Parcel Service Class B | 0.35% | 2,234,686 | $305.2M | Add +19.8% |
| LKQ LKQ Corp. | 0.35% | 7,572,925 | $303.8M | Reduce -4.6% |
| EIX Edison International | 0.34% | 3,492,358 | $303.6M | Add +4.1% |
| SYK Stryker Corp. | 0.34% | 839,222 | $301.2M | Add +1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.34% | 656,469 | $300.6M | Reduce -2.2% |
| MET Metlife Inc. | 0.34% | 3,629,863 | $300.0M | Add +19.9% |
| ZTS Zoetis Inc. | 0.33% | 1,493,003 | $290.6M | Add +11.1% |
| MRVL Marvell Technology Inc. | 0.33% | 4,081,978 | $290.3M | Reduce -1.6% |
| SBUX Starbucks Corp. | 0.33% | 2,979,091 | $289.1M | Reduce -42.7% |
| SNA Snap-on Inc. | 0.33% | 1,000,458 | $288.5M | Add +5.1% |
| MCD McDonald's Corp. | 0.32% | 936,845 | $284.9M | Reduce -21.2% |
| ANSS Ansys Inc. | 0.32% | 886,091 | $283.6M | Add +11.8% |
| ROP Roper Technologies Inc. | 0.31% | 496,662 | $274.9M | Reduce -2.8% |
| CMI Cummins Inc. | 0.31% | 844,980 | $274.4M | Reduce -7.3% |
| TSLA Tesla Inc. | 0.30% | 1,042,446 | $268.4M | Reduce -13.7% |
| KHC The Kraft Heinz Co. | 0.30% | 7,575,068 | $266.0M | Add +8.6% |
| GPN Global Payments Inc. | 0.30% | 2,600,001 | $264.5M | Reduce -4.8% |
| HCA HCA Healthcare Inc. | 0.30% | 650,689 | $262.9M | Reduce -2.2% |
| TT Trane Technologies PLC | 0.30% | 684,359 | $262.8M | Add +29.5% |
| AMT American Tower Corp. | 0.29% | 1,106,326 | $255.6M | Add +14.8% |
| PWR Quanta Services Inc. | 0.29% | 848,136 | $252.6M | Reduce -2.8% |
| MDT Medtronic PLC | 0.28% | 2,791,791 | $250.1M | Add +44.6% |
| WMT Walmart Inc. | 0.28% | 3,097,007 | $249.1M | Add +2.1% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.28% | 2,287,058 | $247.7M | Add +3.1% |
| MTZ Mastec Inc. | 0.28% | 1,985,758 | $247.1M | Reduce -21.0% |
| CAT Caterpillar Inc. | 0.28% | 625,538 | $244.9M | Reduce -43.9% |
Portfolio Sells Q2 2024 → Q3 2024
| ADI Analog Devices Inc. | Reduce -96.4% | 0.01% | −0.31 |
| WRK Westrock Co. | Sold out | 0.00% | −0.28 |
| ES Eversource Energy | Reduce -74.3% | 0.09% | −0.22 |
| WAT Waters Corp. | Reduce -76.5% | 0.08% | −0.21 |
| LOW Lowe's Cos Inc. | Reduce -72.5% | 0.10% | −0.21 |
| TEL Te Connectivity Ltd. | Sold out | 0.00% | −0.19 |
| ABBV Abbvie Inc. | Reduce -33.1% | 0.56% | −0.19 |
| LYV Live Nation Entertainment Inc. | Reduce -99.0% | 0.00% | −0.16 |
| LRCX Lam Research Corp. | Reduce -1.8% | 0.42% | −0.16 |
| CAT Caterpillar Inc. | Reduce -43.9% | 0.28% | −0.16 |
| TXN Texas Instruments Inc. | Reduce -75.3% | 0.05% | −0.15 |
| SBUX Starbucks Corp. | Reduce -42.7% | 0.33% | −0.15 |
| FLS Flowserve Corp. | Sold out | 0.00% | −0.14 |
| MIDD Middleby Corp. | Sold out | 0.00% | −0.13 |
| TRMB Trimble Inc. | Reduce -98.9% | 0.00% | −0.13 |
| ELV Elevance Health Inc. | Reduce -7.9% | 0.73% | −0.12 |
| TER Teradyne Inc. | Reduce -22.5% | 0.22% | −0.11 |
| AMAT Applied Materials Inc. | Reduce -1.0% | 0.44% | −0.10 |
| DE Deere & Co. | Reduce -90.3% | 0.01% | −0.10 |
| V Visa Inc. Class A | Reduce -6.5% | 1.27% | −0.10 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -2.8% | 0.18% | −0.09 |
| VTRS Viatris Inc. | Reduce -76.8% | 0.03% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -27.4% | 0.38% | −0.08 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -22.8% | 0.25% | −0.08 |
| WM Waste Management Inc. | Reduce -1.6% | 0.93% | −0.08 |
| NEE Nextera Energy Inc. | Reduce -20.5% | 0.70% | −0.07 |
| EMR Emerson Electric Co. | Reduce -4.0% | 0.82% | −0.07 |
| JNJ Johnson & Johnson | Reduce -12.4% | 1.04% | −0.07 |
| UTHR United Therapeutics Corp. | Reduce -70.6% | 0.03% | −0.07 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -18.7% | 0.21% | −0.06 |
| HSY The Hershey Co. | Reduce -67.5% | 0.03% | −0.06 |
| KO The Coca-Cola Co. | Reduce -16.1% | 0.64% | −0.06 |
| GEHC GE Healthcare Technology | Reduce -94.9% | 0.00% | −0.06 |
| AMGN Amgen Inc. | Reduce -7.9% | 0.61% | −0.06 |
| ABNB Airbnb Inc. Class A | Reduce -1.9% | 0.18% | −0.05 |
| KLAC KLA Corp. | Reduce -11.9% | 0.18% | −0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -18.8% | 0.15% | −0.05 |
| MTZ Mastec Inc. | Reduce -21.0% | 0.28% | −0.04 |
| TTC Toro Co. | Reduce -23.4% | 0.10% | −0.04 |
| EBAY eBay Inc. | Reduce -19.8% | 0.65% | −0.04 |
| PAYX Paychex Inc. | Reduce -22.4% | 0.22% | −0.04 |
| LKQ LKQ Corp. | Reduce -4.6% | 0.35% | −0.04 |
| ALL Allstate Corp. | Reduce -79.4% | 0.01% | −0.04 |
| MCD McDonald's Corp. | Reduce -21.2% | 0.32% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -9.5% | 0.45% | −0.03 |
| OGN Organon & Co. | Reduce -9.3% | 0.15% | −0.03 |
| CI The Cigna Group | Reduce -4.8% | 0.77% | −0.03 |
| FTRE Fortrea Holdings Inc. | Reduce -31.7% | 0.04% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -2.8% | 0.31% | −0.03 |
| ULTA Ulta Beauty Inc. | Reduce -68.5% | 0.01% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| AMZN Amazon.com Inc. | Add +52.8% | 1.91% | +0.54 |
| AAPL Apple Inc. | Add +0.7% | 5.14% | +0.26 |
| SW Smurfit Westrock PLC | New | 0.26% | +0.26 |
| TMUS T-Mobile US Inc. | Add +1576.5% | 0.25% | +0.24 |
| COR Cencora Inc. | Add +386.7% | 0.20% | +0.15 |
| URI United Rentals Inc. | Add +4.7% | 0.62% | +0.13 |
| MSCI MSCI Inc. | Add +6.1% | 0.68% | +0.12 |
| PEP Pepsico Inc. | Add +16.5% | 0.80% | +0.11 |
| MDT Medtronic PLC | Add +44.6% | 0.28% | +0.11 |
| NKE Nike Inc. Class B | Add +8.5% | 0.53% | +0.10 |
| CEG Constellation Energy | Add +52.4% | 0.21% | +0.10 |
| KR Kroger Co. | Add +43.4% | 0.25% | +0.10 |
| BDX Becton Dickinson and Co. | Add +19.4% | 0.59% | +0.09 |
| TT Trane Technologies PLC | Add +29.5% | 0.30% | +0.09 |
| META Meta Platforms Inc. Class A | Add +0.9% | 1.23% | +0.09 |
| MET Metlife Inc. | Add +19.9% | 0.34% | +0.09 |
| A Agilent Technologies Inc. | Add +10.3% | 0.52% | +0.09 |
| AWK American Water Works Co. Inc. | Add +19.4% | 0.38% | +0.09 |
| BMY Bristol-Myers Squibb Co. | Add +9.5% | 0.37% | +0.08 |
| AXP American Express Co. | Add +3.0% | 0.60% | +0.08 |
| AZO AutoZone Inc. | Add +8.2% | 0.66% | +0.07 |
| AMT American Tower Corp. | Add +14.8% | 0.29% | +0.07 |
| DKS Dick's Sporting Goods Inc. | Add +6138.1% | 0.07% | +0.07 |
| GRAB Grab Holdings Ltd. Class A | Add +10546.7% | 0.06% | +0.06 |
| SYY Sysco Corp. | Add +60.0% | 0.16% | +0.06 |
| EIX Edison International | Add +4.1% | 0.34% | +0.06 |
| NOW ServiceNow Inc. | Add +4.5% | 0.52% | +0.06 |
| DASH DoorDash Inc. Class A | Add +14.1% | 0.21% | +0.06 |
| INTU Intuit Inc. | Add +51.4% | 0.23% | +0.06 |
| NTNX Nutanix Inc. Class A | Add +26.6% | 0.26% | +0.06 |
| IFF Intl Flavors & Fragrances | Add +5.3% | 0.52% | +0.05 |
| ZTS Zoetis Inc. | Add +11.1% | 0.33% | +0.05 |
| TJX TJX Companies Inc. | Add +4.1% | 0.83% | +0.05 |
| PHM Pultegroup Inc. | Add +6.1% | 0.21% | +0.05 |
| MAS Masco Corp. | Add +4.8% | 0.24% | +0.05 |
| HIG Hartford Insurance Group Inc. | Add +1.5% | 0.44% | +0.05 |
| KMB Kimberly-Clark Corp. | Add +16.8% | 0.37% | +0.05 |
| XEL Xcel Energy Inc. | Add +5.0% | 0.26% | +0.05 |
| APTV Aptiv Irish Holdings Ltd. | Add +46.4% | 0.15% | +0.05 |
| PCAR Paccar Inc. | Add +49.9% | 0.18% | +0.05 |
| UPS United Parcel Service Class B | Add +19.8% | 0.35% | +0.05 |
| IR Ingersoll-Rand Inc. | Add +34.4% | 0.16% | +0.04 |
| AIZ Assurant Inc. | Add +16.2% | 0.18% | +0.04 |
| CCK Crown Holdings Inc. | Add +47.6% | 0.10% | +0.04 |
| WMT Walmart Inc. | Add +2.1% | 0.28% | +0.04 |
| STZ Constellation Brands Inc. Class A | Add +1804.4% | 0.04% | +0.04 |
| CRM Salesforce Inc. | Add +4.7% | 0.63% | +0.04 |
| LVS Las Vegas Sands Corp. | Add +31.8% | 0.12% | +0.04 |
| KHC The Kraft Heinz Co. | Add +8.6% | 0.30% | +0.04 |
| DUK Duke Energy Corp. | Add +25.2% | 0.13% | +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 |