Nordea Investment Management AB
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 6, 2025), Nordea Investment Management AB reported 882 stock positions worth $95.6 billion. Its top holding was Apple (AAPL) at 5.5% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Nvidia (NVDA, 4.9%). Compared with Q3 2024, it opened 28 new positions, sold out of 39, added to 580 and reduced 205. The biggest buy was Nvidia (NVDA, shares +15%) and the biggest sale an exit from Lam Research (LRCX).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0001218210
- Portfolio Value
- $95.6B (Q4 2024)
- SEC Filing
- 0001218210-25-000001 ↗ filed Jan 6, 2025
Holdings Value
Holdings 882 stocks · $95.6B
| AAPL Apple Inc. | 5.55% | 21,051,418 | $5.3B | Add +7.7% |
| MSFT Microsoft Corp. | 5.52% | 12,420,090 | $5.3B | Add +9.4% |
| NVDA Nvidia Corp. | 4.92% | 34,432,573 | $4.7B | Add +15.3% |
| GOOGL Alphabet Inc. Class A | 2.54% | 12,695,723 | $2.4B | Reduce -5.8% |
| AMZN Amazon.com Inc. | 2.52% | 10,861,850 | $2.4B | Add +19.2% |
| GOOG Alphabet Inc. Class C | 1.45% | 7,184,399 | $1.4B | Add +10.9% |
| MA Mastercard Inc. Class A | 1.39% | 2,510,756 | $1.3B | Add +15.6% |
| V Visa Inc. Class A | 1.35% | 4,079,682 | $1.3B | Add +0.4% |
| META Meta Platforms Inc. Class A | 1.31% | 2,114,906 | $1.2B | Add +10.8% |
| AVGO Broadcom Inc. | 1.30% | 5,264,796 | $1.2B | Add +15.0% |
| CSCO Cisco Systems Inc. | 1.16% | 18,718,195 | $1.1B | Add +1.2% |
| MRK Merck & Co. Inc. | 0.98% | 9,399,643 | $933.8M | Add +4.7% |
| JNJ Johnson & Johnson | 0.97% | 6,424,675 | $926.4M | Add +13.7% |
| LIN Linde PLC | 0.94% | 2,145,643 | $898.2M | Add +2.2% |
| BKNG Booking Holdings Inc. | 0.94% | 179,902 | $896.5M | Add +5.1% |
| LLY Eli Lilly & Co. | 0.93% | 1,154,350 | $887.0M | Add +13.7% |
| CDNS Cadence Design SYS Inc. | 0.93% | 2,933,392 | $885.4M | Add +6.5% |
| EMR Emerson Electric Co. | 0.91% | 7,013,550 | $871.1M | Add +5.7% |
| WM Waste Management Inc. | 0.89% | 4,240,429 | $854.4M | Add +7.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.89% | 7,031,237 | $850.4M | Add +13.3% |
| CRM Salesforce Inc. | 0.80% | 2,288,803 | $766.6M | Add +11.9% |
| ADBE Adobe Inc. | 0.80% | 1,712,616 | $765.1M | Add +2.0% |
| NFLX Netflix Inc. | 0.80% | 848,150 | $760.9M | Add +22.7% |
| JPM JPMorgan Chase & Co. | 0.77% | 3,062,925 | $735.0M | Add +14.5% |
| FTNT Fortinet Inc. | 0.74% | 7,459,276 | $705.2M | Reduce -16.8% |
| AXP American Express Co. | 0.69% | 2,203,772 | $655.1M | Add +12.7% |
| BDX Becton Dickinson and Co. | 0.68% | 2,844,566 | $647.1M | Add +31.0% |
| NEE Nextera Energy Inc. | 0.66% | 8,833,725 | $634.7M | Add +20.9% |
| NOW ServiceNow Inc. | 0.66% | 596,743 | $633.5M | Add +15.8% |
| RSG Republic Services Inc. | 0.66% | 3,129,322 | $626.6M | Add +19.4% |
| AMGN Amgen Inc. | 0.64% | 2,338,665 | $609.5M | Add +40.7% |
| EBAY eBay Inc. | 0.60% | 9,151,026 | $573.2M | Add +3.8% |
| PEP Pepsico Inc. | 0.60% | 3,766,510 | $572.1M | Reduce -9.1% |
| MCK McKesson Corp. | 0.58% | 975,935 | $558.6M | Add +20.0% |
| CI The Cigna Group | 0.56% | 1,943,141 | $536.9M | Reduce -0.5% |
| ABBV Abbvie Inc. | 0.55% | 2,993,734 | $529.0M | Add +19.3% |
| MSCI MSCI Inc. | 0.55% | 868,294 | $524.4M | Reduce -15.9% |
| MRVL Marvell Technology Inc. | 0.54% | 4,652,983 | $518.4M | Add +14.0% |
| URI United Rentals Inc. | 0.54% | 732,954 | $517.0M | Add +7.6% |
| TSLA Tesla Inc. | 0.53% | 1,227,460 | $510.5M | Add +17.8% |
| SNPS Synopsys Inc. | 0.53% | 1,043,995 | $509.3M | Add +15.9% |
| AZO AutoZone Inc. | 0.53% | 158,469 | $506.9M | Reduce -13.1% |
| C Citigroup Inc. | 0.53% | 7,115,440 | $502.0M | Add +32.2% |
| GIS General Mills Inc. | 0.52% | 7,803,046 | $497.1M | Add +64.5% |
| PG The Procter & Gamble Co. | 0.51% | 2,898,569 | $484.6M | Add +7.5% |
| ADP Automatic Data Processing | 0.49% | 1,604,549 | $470.6M | Reduce -22.9% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.49% | 5,489,741 | $464.9M | Add +25.7% |
| CL Colgate-Palmolive Co. | 0.48% | 5,091,683 | $462.1M | Add +32.5% |
| KO The Coca-Cola Co. | 0.47% | 7,263,458 | $451.0M | Reduce -6.9% |
| WFC Wells Fargo & Co. | 0.46% | 6,284,421 | $442.0M | Add +10.1% |
| ELV Elevance Health Inc. | 0.46% | 1,183,306 | $439.0M | Reduce -4.0% |
| CTAS Cintas Corp. | 0.46% | 2,389,649 | $437.7M | Reduce -0.2% |
| A Agilent Technologies Inc. | 0.45% | 3,198,715 | $431.6M | Add +2.6% |
| HIG Hartford Insurance Group Inc. | 0.45% | 3,938,421 | $430.3M | Add +17.3% |
| CHKP Check Point Software Tech | 0.43% | 2,193,357 | $410.4M | Reduce -3.0% |
| VLTO Veralto Corp. | 0.42% | 3,923,747 | $400.9M | Add +34.6% |
| SNA Snap-on Inc. | 0.40% | 1,128,317 | $384.8M | Add +12.8% |
| ECL Ecolab Inc. | 0.40% | 1,627,017 | $381.6M | Add +8.7% |
| INTU Intuit Inc. | 0.39% | 590,085 | $372.0M | Add +83.2% |
| UPS United Parcel Service Class B | 0.38% | 2,919,945 | $367.3M | Add +30.7% |
| OC Owens Corning | 0.38% | 2,148,610 | $366.2M | Add +12.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 805,539 | $364.8M | Add +22.7% |
| TT Trane Technologies PLC | 0.38% | 978,275 | $361.9M | Add +43.0% |
| NKE Nike Inc. Class B | 0.38% | 4,748,312 | $361.6M | Reduce -9.6% |
| KMB Kimberly-Clark Corp. | 0.38% | 2,740,525 | $358.6M | Add +20.4% |
| VZ Verizon Communications Inc. | 0.37% | 8,966,661 | $357.6M | Add +8.9% |
| GTLS Chart Industries Inc. | 0.37% | 1,816,225 | $351.0M | Reduce -4.0% |
| SYK Stryker Corp. | 0.37% | 971,735 | $350.5M | Add +15.8% |
| SFM Sprouts Farmers Market Inc. | 0.36% | 2,722,269 | $348.7M | Reduce -10.4% |
| MET Metlife Inc. | 0.36% | 4,238,087 | $347.7M | Add +16.8% |
| CAG Conagra Brands Inc. | 0.36% | 12,285,579 | $341.0M | Add +5.3% |
| AMAT Applied Materials Inc. | 0.36% | 2,077,107 | $340.9M | Add +8.6% |
| ZTS Zoetis Inc. | 0.35% | 2,065,514 | $336.3M | Add +38.4% |
| PANW Palo Alto Networks Inc. | 0.35% | 1,822,336 | $333.9M | Add +49.5% |
| FISV Fiserv Inc. | 0.35% | 1,608,951 | $331.6M | Reduce -22.3% |
| GPN Global Payments Inc. | 0.35% | 2,949,458 | $330.5M | Add +13.4% |
| SPGI S&P Global Inc. | 0.34% | 658,766 | $328.6M | Add +52.0% |
| TMUS T-Mobile US Inc. | 0.34% | 1,473,540 | $325.0M | Add +36.9% |
| HD Home Depot Inc. | 0.33% | 814,621 | $317.4M | Reduce -19.8% |
| BMY Bristol-Myers Squibb Co. | 0.33% | 5,505,862 | $310.9M | Reduce -12.9% |
| LKQ LKQ Corp. | 0.32% | 8,406,444 | $309.6M | Add +11.0% |
| LEN Lennar Corp. Class A | 0.32% | 2,250,626 | $308.7M | Add +21.4% |
| CMCSA Comcast Corp. Class A | 0.32% | 8,064,049 | $301.7M | Reduce -20.6% |
| EW Edwards Lifesciences Corp. | 0.32% | 4,057,013 | $301.4M | Add +34.6% |
| MDLZ Mondelez International Inc. Class A | 0.31% | 5,039,711 | $300.8M | Reduce -6.3% |
| AWK American Water Works Co. Inc. | 0.31% | 2,418,102 | $300.7M | Add +5.5% |
| ROST Ross Stores Inc. | 0.31% | 1,976,140 | $299.6M | Add +137.7% |
| DASH DoorDash Inc. Class A | 0.31% | 1,746,379 | $294.7M | Add +37.5% |
| ANSS Ansys Inc. | 0.30% | 849,441 | $287.9M | Reduce -4.1% |
| ACN Accenture PLC Class A | 0.30% | 809,307 | $285.4M | Reduce -18.1% |
| QCOM Qualcomm Inc. | 0.30% | 1,841,103 | $284.7M | Add +39.7% |
| ROP Roper Technologies Inc. | 0.29% | 538,678 | $280.1M | Add +8.5% |
| EQIX Equinix Inc. | 0.29% | 294,696 | $278.7M | Add +46.1% |
| CMI Cummins Inc. | 0.29% | 796,229 | $278.7M | Reduce -5.8% |
| IQV Iqvia Holdings Inc. | 0.29% | 1,405,281 | $277.9M | Add +47.4% |
| SW Smurfit Westrock PLC | 0.28% | 5,039,818 | $272.0M | Add +11.0% |
| MELI MercadoLibre Inc. | 0.28% | 157,688 | $271.9M | Add +37.8% |
| KHC The Kraft Heinz Co. | 0.28% | 8,813,268 | $269.9M | Add +16.4% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.28% | 2,525,037 | $265.9M | Add +10.4% |
| MTZ Mastec Inc. | 0.28% | 1,952,033 | $265.4M | Reduce -1.7% |
Portfolio Sells Q3 2024 → Q4 2024
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.42 |
| ELV Elevance Health Inc. | Reduce -4.0% | 0.46% | −0.27 |
| CVS CVS Health Corp. | Reduce -23.3% | 0.24% | −0.24 |
| CI The Cigna Group | Reduce -0.5% | 0.56% | −0.21 |
| ORCL Oracle Corp. | Reduce -48.8% | 0.18% | −0.20 |
| PEP Pepsico Inc. | Reduce -9.1% | 0.60% | −0.20 |
| KO The Coca-Cola Co. | Reduce -6.9% | 0.47% | −0.17 |
| PCAR Paccar Inc. | Reduce -94.8% | 0.01% | −0.17 |
| CMCSA Comcast Corp. Class A | Reduce -20.6% | 0.32% | −0.16 |
| SBUX Starbucks Corp. | Reduce -41.9% | 0.17% | −0.16 |
| ADP Automatic Data Processing | Reduce -22.9% | 0.49% | −0.16 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.15 |
| NKE Nike Inc. Class B | Reduce -9.6% | 0.38% | −0.15 |
| PYPL PayPal Holdings Inc. | Reduce -75.5% | 0.05% | −0.14 |
| TFC Truist Financial Corp. | Reduce -96.3% | 0.00% | −0.14 |
| MDLZ Mondelez International Inc. Class A | Reduce -6.3% | 0.31% | −0.14 |
| UNH Unitedhealth Group Inc. | Reduce -19.5% | 0.24% | −0.13 |
| HD Home Depot Inc. | Reduce -19.8% | 0.33% | −0.13 |
| MSCI MSCI Inc. | Reduce -15.9% | 0.55% | −0.13 |
| ABNB Airbnb Inc. Class A | Reduce -73.4% | 0.05% | −0.13 |
| APD Air Products & Chemicals Inc. | Reduce -73.8% | 0.04% | −0.13 |
| AZO AutoZone Inc. | Reduce -13.1% | 0.53% | −0.13 |
| MS Morgan Stanley | Reduce -55.9% | 0.12% | −0.13 |
| ORLY O'reilly Automotive Inc. | Reduce -94.1% | 0.01% | −0.12 |
| KEYS Keysight Technologies Inc. | Reduce -97.6% | 0.00% | −0.10 |
| PAYX Paychex Inc. | Reduce -44.8% | 0.12% | −0.10 |
| TXRH Texas Roadhouse Inc. | Reduce -48.3% | 0.10% | −0.10 |
| CTAS Cintas Corp. | Reduce -0.2% | 0.46% | −0.10 |
| T AT&T Inc. | Reduce -39.6% | 0.14% | −0.10 |
| ACN Accenture PLC Class A | Reduce -18.1% | 0.30% | −0.10 |
| TTC Toro Co. | Reduce -96.1% | 0.00% | −0.09 |
| MCD McDonald's Corp. | Reduce -14.9% | 0.24% | −0.08 |
| EIX Edison International | Reduce -9.4% | 0.26% | −0.08 |
| BABA Alibaba Group Holding-SP ADR | Reduce -17.5% | 0.12% | −0.08 |
| SXT Sensient Technologies Corp. | Reduce -51.3% | 0.05% | −0.08 |
| FISV Fiserv Inc. | Reduce -22.3% | 0.35% | −0.07 |
| CHKP Check Point Software Tech | Reduce -3.0% | 0.43% | −0.06 |
| MRSH Marsh & McLennan Cos | Reduce -9.9% | 0.19% | −0.05 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.05 |
| SCI Service Corp. International | Reduce -36.0% | 0.08% | −0.05 |
| MNST Monster Beverage Corp. | Reduce -17.2% | 0.16% | −0.05 |
| CPRT Copart Inc. | Reduce -52.5% | 0.04% | −0.05 |
| FTNT Fortinet Inc. | Reduce -16.8% | 0.74% | −0.05 |
| GWW WW Grainger Inc. | Reduce -25.9% | 0.11% | −0.05 |
| KLAC KLA Corp. | Reduce -2.2% | 0.13% | −0.05 |
| NTNX Nutanix Inc. Class A | Reduce -13.6% | 0.21% | −0.05 |
| WMT Walmart Inc. | Reduce -18.7% | 0.24% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -12.9% | 0.33% | −0.04 |
| EL Estee Lauder Companies Class A | Reduce -1.6% | 0.09% | −0.04 |
| KVUE Kenvue Inc. | Reduce -8.2% | 0.15% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +15.3% | 4.92% | +0.85 |
| AMZN Amazon.com Inc. | Add +19.2% | 2.52% | +0.60 |
| AVGO Broadcom Inc. | Add +15.0% | 1.30% | +0.41 |
| AAPL Apple Inc. | Add +7.7% | 5.55% | +0.40 |
| NFLX Netflix Inc. | Add +22.7% | 0.80% | +0.24 |
| GOOG Alphabet Inc. Class C | Add +10.9% | 1.45% | +0.23 |
| TSLA Tesla Inc. | Add +17.8% | 0.53% | +0.23 |
| MRVL Marvell Technology Inc. | Add +14.0% | 0.54% | +0.21 |
| ROST Ross Stores Inc. | Add +137.7% | 0.31% | +0.17 |
| CRM Salesforce Inc. | Add +11.9% | 0.80% | +0.17 |
| MA Mastercard Inc. Class A | Add +15.6% | 1.39% | +0.17 |
| INTU Intuit Inc. | Add +83.2% | 0.39% | +0.16 |
| TEL Te Connectivity PLC | New | 0.16% | +0.16 |
| NOW ServiceNow Inc. | Add +15.8% | 0.66% | +0.15 |
| C Citigroup Inc. | Add +32.2% | 0.53% | +0.14 |
| JPM JPMorgan Chase & Co. | Add +14.5% | 0.77% | +0.13 |
| MCK McKesson Corp. | Add +20.0% | 0.58% | +0.13 |
| UBER Uber Technologies Inc. | Add +1370.1% | 0.14% | +0.13 |
| BKNG Booking Holdings Inc. | Add +5.1% | 0.94% | +0.12 |
| GIS General Mills Inc. | Add +64.5% | 0.52% | +0.12 |
| PANW Palo Alto Networks Inc. | Add +49.5% | 0.35% | +0.11 |
| VRT Vertiv Holdings Co. Class A | Add +3417.9% | 0.12% | +0.11 |
| DASH DoorDash Inc. Class A | Add +37.5% | 0.31% | +0.10 |
| MCO Moody's Corp. | Add +1506.8% | 0.11% | +0.10 |
| WFC Wells Fargo & Co. | Add +10.1% | 0.46% | +0.10 |
| EMR Emerson Electric Co. | Add +5.7% | 0.91% | +0.09 |
| SPGI S&P Global Inc. | Add +52.0% | 0.34% | +0.09 |
| EW Edwards Lifesciences Corp. | Add +34.6% | 0.32% | +0.09 |
| EQIX Equinix Inc. | Add +46.1% | 0.29% | +0.09 |
| TMUS T-Mobile US Inc. | Add +36.9% | 0.34% | +0.09 |
| AXP American Express Co. | Add +12.7% | 0.69% | +0.09 |
| BDX Becton Dickinson and Co. | Add +31.0% | 0.68% | +0.09 |
| V Visa Inc. Class A | Add +0.4% | 1.35% | +0.09 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +29.1% | 0.27% | +0.08 |
| DE Deere & Co. | Add +765.4% | 0.09% | +0.08 |
| CDNS Cadence Design SYS Inc. | Add +6.5% | 0.93% | +0.08 |
| TT Trane Technologies PLC | Add +43.0% | 0.38% | +0.08 |
| PRU Prudential Financial Inc. | Add +176.8% | 0.13% | +0.08 |
| EXC Exelon Corp. | Add +418.1% | 0.10% | +0.08 |
| SNA Snap-on Inc. | Add +12.8% | 0.40% | +0.07 |
| META Meta Platforms Inc. Class A | Add +10.8% | 1.31% | +0.07 |
| VRSN Verisign Inc. | Add +544.1% | 0.08% | +0.07 |
| EQH Equitable Holdings Inc. | Add +700.3% | 0.08% | +0.07 |
| CRH CRH PLC | Add +48.2% | 0.24% | +0.07 |
| EME Emcor Group Inc. | Add +2246.2% | 0.07% | +0.07 |
| TJX TJX Companies Inc. | Add +13.3% | 0.89% | +0.06 |
| SYF Synchrony Financial | Add +18.5% | 0.21% | +0.06 |
| WK Workiva Inc. | New | 0.06% | +0.06 |
| SYY Sysco Corp. | Add +52.3% | 0.22% | +0.06 |
| RSG Republic Services Inc. | Add +19.4% | 0.66% | +0.06 |
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 |