Nordea Investment Management AB
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Nordea Investment Management AB reported 864 stock positions worth $107.2 billion. Its top holding was Nvidia (NVDA) at 6.4% of the portfolio, followed by Apple (AAPL, 5.3%) and Microsoft (MSFT, 4.6%). Compared with Q4 2025, it opened 43 new positions, sold out of 38, added to 409 and reduced 403. The biggest buy was Verizon Communications (VZ, shares +48%) and the biggest sale Microsoft (MSFT, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0001218210
- Portfolio Value
- $107.2B (Q1 2026)
- SEC Filing
- 0001218210-26-000013 ↗ filed May 13, 2026
Holdings Value
Holdings 864 stocks · $107.2B
| NVDA Nvidia Corp. | 6.42% | 40,462,358 | $6.9B | Add +0.1% |
| AAPL Apple Inc. | 5.27% | 22,832,186 | $5.6B | Add +3.6% |
| MSFT Microsoft Corp. | 4.58% | 13,520,853 | $4.9B | Reduce -4.8% |
| AMZN Amazon.com Inc. | 2.91% | 15,241,940 | $3.1B | Add +9.7% |
| AVGO Broadcom Inc. | 2.84% | 10,119,987 | $3.0B | Add +3.1% |
| GOOGL Alphabet Inc. Class A | 2.35% | 8,970,240 | $2.5B | Reduce -3.2% |
| GOOG Alphabet Inc. Class C | 2.30% | 8,804,785 | $2.5B | Add +2.9% |
| LLY Eli Lilly & Co. | 1.24% | 1,461,892 | $1.3B | Reduce -1.2% |
| LRCX Lam Research Corp. | 1.19% | 6,189,689 | $1.3B | Reduce -16.4% |
| CSCO Cisco Systems Inc. | 1.18% | 16,476,809 | $1.3B | Reduce -4.0% |
| META Meta Platforms Inc. Class A | 1.17% | 2,276,285 | $1.3B | Add +0.9% |
| JNJ Johnson & Johnson | 1.06% | 4,684,008 | $1.1B | Reduce -14.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.06% | 7,203,304 | $1.1B | Reduce -3.7% |
| MA Mastercard Inc. Class A | 1.04% | 2,270,171 | $1.1B | Reduce -4.5% |
| TT Trane Technologies PLC | 1.00% | 2,627,610 | $1.1B | Add +1.6% |
| JPM JPMorgan Chase & Co. | 0.98% | 3,636,099 | $1.0B | Add +2.0% |
| MRK Merck & Co. Inc. | 0.95% | 8,527,993 | $1.0B | Reduce -19.4% |
| ABBV Abbvie Inc. | 0.88% | 4,382,783 | $946.7M | Add +5.6% |
| NFLX Netflix Inc. | 0.87% | 9,934,579 | $937.5M | Add +2.8% |
| LIN Linde PLC | 0.87% | 1,888,023 | $936.3M | Reduce -11.2% |
| C Citigroup Inc. | 0.84% | 8,177,992 | $899.2M | Add +2.4% |
| AMGN Amgen Inc. | 0.82% | 2,519,147 | $876.3M | Reduce -3.1% |
| WAB Wabtec Corp. | 0.81% | 3,555,877 | $863.9M | Add +15.8% |
| AMD Advanced Micro Devices | 0.80% | 4,302,573 | $857.1M | Reduce -1.4% |
| MCK McKesson Corp. | 0.79% | 988,046 | $841.9M | Reduce -7.8% |
| WM Waste Management Inc. | 0.74% | 3,467,788 | $793.7M | Reduce -1.8% |
| AXP American Express Co. | 0.71% | 2,543,962 | $759.1M | Add +2.8% |
| EMR Emerson Electric Co. | 0.71% | 5,976,070 | $758.4M | Reduce -3.3% |
| V Visa Inc. Class A | 0.68% | 2,462,321 | $732.3M | Reduce -10.3% |
| GILD Gilead Sciences Inc. | 0.68% | 5,260,363 | $726.6M | Add +2.4% |
| NEE Nextera Energy Inc. | 0.64% | 7,461,725 | $682.6M | Add +29.5% |
| ZTS Zoetis Inc. | 0.63% | 5,865,111 | $679.8M | Add +18.9% |
| AMAT Applied Materials Inc. | 0.63% | 2,043,289 | $675.0M | Reduce -8.9% |
| HCA HCA Healthcare Inc. | 0.63% | 1,447,549 | $670.9M | Add +33.5% |
| MU Micron Technology Inc. | 0.59% | 1,958,105 | $631.8M | Add +20.0% |
| EBAY eBay Inc. | 0.56% | 6,652,707 | $597.0M | Reduce -5.2% |
| HIG Hartford Insurance Group Inc. | 0.55% | 4,427,559 | $591.6M | Add +0.9% |
| FTNT Fortinet Inc. | 0.52% | 6,913,716 | $554.1M | Add +0.1% |
| NEM Newmont Corp. | 0.51% | 5,165,621 | $546.8M | Add +8.0% |
| GEV GE Vernova Inc. | 0.50% | 632,877 | $534.1M | Add +6.4% |
| VZ Verizon Communications Inc. | 0.50% | 10,650,883 | $530.7M | Add +48.4% |
| EQIX Equinix Inc. | 0.49% | 543,920 | $524.7M | Add +3.2% |
| EXC Exelon Corp. | 0.47% | 10,282,589 | $499.0M | Add +27.8% |
| SNA Snap-on Inc. | 0.46% | 1,373,694 | $492.4M | Add +4.8% |
| ANET Arista Networks Inc. | 0.45% | 4,064,100 | $480.8M | Add +1.1% |
| RSG Republic Services Inc. | 0.44% | 2,163,016 | $472.4M | Reduce -5.5% |
| WFC Wells Fargo & Co. | 0.44% | 6,018,502 | $468.0M | Add +0.6% |
| PEP Pepsico Inc. | 0.43% | 2,963,383 | $459.7M | Add +10.2% |
| KR Kroger Co. | 0.43% | 6,333,792 | $458.2M | Add +21.7% |
| ECL Ecolab Inc. | 0.43% | 1,759,281 | $457.7M | Add +2.4% |
| CTAS Cintas Corp. | 0.43% | 2,747,355 | $457.0M | Add +0.7% |
| CRM Salesforce Inc. | 0.41% | 2,341,371 | $434.1M | Reduce -0.6% |
| BKNG Booking Holdings Inc. | 0.40% | 105,761 | $431.7M | Add +7.7% |
| CFG Citizens Financial Group | 0.40% | 7,323,185 | $430.1M | Add +1.4% |
| NOW ServiceNow Inc. | 0.39% | 4,014,338 | $420.6M | Reduce -14.7% |
| UPS United Parcel Service Class B | 0.39% | 4,346,685 | $417.4M | Add +1.5% |
| ZBRA Zebra Technologies Corp. Class A | 0.39% | 2,017,529 | $413.5M | Add +7.7% |
| KO The Coca-Cola Co. | 0.38% | 5,421,520 | $409.8M | Reduce -5.8% |
| COR Cencora Inc. | 0.38% | 1,310,056 | $406.0M | Add +4.3% |
| WELL Welltower Inc. | 0.37% | 2,030,294 | $398.7M | Add +5.2% |
| TSLA Tesla Inc. | 0.37% | 1,078,653 | $391.4M | Reduce -15.8% |
| GIS General Mills Inc. | 0.36% | 10,581,290 | $390.0M | Add +6.0% |
| STLD Steel Dynamics Inc. | 0.36% | 2,216,828 | $386.4M | Add +3.5% |
| TEL Te Connectivity PLC | 0.36% | 1,902,489 | $384.8M | Add +3.6% |
| BDX Becton Dickinson and Co. | 0.35% | 2,435,206 | $376.1M | Reduce -12.2% |
| RCL Royal Caribbean Cruises Ltd. | 0.35% | 1,413,879 | $374.4M | Add +8.2% |
| STT State Street Corp. | 0.33% | 2,864,733 | $355.7M | Add +1.3% |
| LKQ LKQ Corp. | 0.33% | 12,257,740 | $354.5M | Reduce -1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.33% | 741,480 | $352.2M | Reduce -10.2% |
| AMT American Tower Corp. | 0.33% | 2,044,852 | $350.0M | Add +17.3% |
| IEX Idex Corp. | 0.33% | 1,873,464 | $349.0M | Reduce -16.9% |
| SYF Synchrony Financial | 0.33% | 5,252,464 | $348.7M | Add +2.3% |
| ROK Rockwell Automation Inc. | 0.32% | 974,623 | $343.0M | Add +30.9% |
| DELL Dell Technologies -C | 0.32% | 2,172,566 | $342.4M | Add +180.1% |
| CEG Constellation Energy | 0.32% | 1,258,498 | $342.3M | Add +9.6% |
| KHC The Kraft Heinz Co. | 0.32% | 15,297,142 | $340.7M | Add +10.8% |
| SCHW Schwab (charles) Corp. | 0.32% | 3,672,084 | $339.6M | Add +6.8% |
| PANW Palo Alto Networks Inc. | 0.32% | 2,148,128 | $338.4M | Reduce -14.3% |
| GFL GFL Environmental Inc.-Sub VT | 0.31% | 8,264,968 | $336.9M | Add +23.8% |
| PNR Pentair PLC | 0.31% | 3,924,161 | $335.8M | Add +12.6% |
| WMT Walmart Inc. | 0.31% | 2,729,421 | $335.6M | Add +5.2% |
| CI The Cigna Group | 0.31% | 1,274,784 | $331.7M | Reduce -0.2% |
| DHR Danaher Corp. | 0.31% | 1,779,019 | $331.3M | Reduce -2.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.31% | 856,485 | $328.6M | Add +1.9% |
| MET Metlife Inc. | 0.31% | 4,791,253 | $328.5M | Add +3.5% |
| SNPS Synopsys Inc. | 0.30% | 835,398 | $326.0M | Reduce -11.5% |
| MRVL Marvell Technology Inc. | 0.30% | 3,450,142 | $322.9M | Reduce -2.5% |
| NUE Nucor Corp. | 0.30% | 1,948,199 | $322.0M | Reduce -7.4% |
| APTV Aptiv PLC | 0.30% | 4,691,957 | $318.5M | Add +2.5% |
| TGT Target Corp. | 0.29% | 2,585,163 | $307.8M | Add +3.3% |
| JCI Johnson Controls Internation | 0.28% | 2,385,886 | $304.6M | Add +4.8% |
| WTRG Essential Utilities Inc. | 0.28% | 7,486,456 | $301.9M | Reduce -1.8% |
| AWK American Water Works Co. Inc. | 0.27% | 2,151,287 | $293.3M | Reduce -3.1% |
| CGNX Cognex Corp. | 0.27% | 6,141,618 | $292.2M | Reduce -24.2% |
| CVS CVS Health Corp. | 0.27% | 4,113,183 | $290.8M | Reduce -0.3% |
| EME Emcor Group Inc. | 0.27% | 390,768 | $284.0M | Reduce -0.1% |
| DASH DoorDash Inc. Class A | 0.26% | 1,907,187 | $283.9M | Reduce -15.8% |
| KMB Kimberly-Clark Corp. | 0.26% | 2,944,144 | $279.2M | Add +6.1% |
| CRH CRH PLC | 0.26% | 2,723,291 | $278.9M | Reduce -9.7% |
| LH Labcorp Holdings Inc. | 0.26% | 1,045,142 | $276.4M | Add +8.0% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -4.8% | 4.58% | −1.32 |
| TMUS T-Mobile US Inc. | Reduce -81.5% | 0.07% | −0.28 |
| CL Colgate-Palmolive Co. | Reduce -74.9% | 0.09% | −0.23 |
| NOW ServiceNow Inc. | Reduce -14.7% | 0.39% | −0.23 |
| DASH DoorDash Inc. Class A | Reduce -15.8% | 0.26% | −0.18 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -93.9% | 0.01% | −0.16 |
| PGR Progressive Corp. | Reduce -68.1% | 0.07% | −0.16 |
| V Visa Inc. Class A | Reduce -10.3% | 0.68% | −0.15 |
| PYPL PayPal Holdings Inc. | Reduce -87.0% | 0.02% | −0.15 |
| VLTO Veralto Corp. | Reduce -37.1% | 0.21% | −0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -3.2% | 2.35% | −0.14 |
| HPE Hewlett Packard Enterprise | Reduce -92.0% | 0.01% | −0.14 |
| TSLA Tesla Inc. | Reduce -15.8% | 0.37% | −0.13 |
| MA Mastercard Inc. Class A | Reduce -4.5% | 1.04% | −0.13 |
| INTU Intuit Inc. | Reduce -7.9% | 0.23% | −0.13 |
| CRM Salesforce Inc. | Reduce -0.6% | 0.41% | −0.13 |
| LLY Eli Lilly & Co. | Reduce -1.2% | 1.24% | −0.13 |
| ADBE Adobe Inc. | Reduce -10.4% | 0.25% | −0.12 |
| EW Edwards Lifesciences Corp. | Reduce -44.4% | 0.15% | −0.12 |
| BDX Becton Dickinson and Co. | Reduce -12.2% | 0.35% | −0.11 |
| SYK Stryker Corp. | Reduce -28.3% | 0.23% | −0.10 |
| UBER Uber Technologies Inc. | Reduce -27.0% | 0.21% | −0.10 |
| WK Workiva Inc. | Sold out | 0.00% | −0.10 |
| SPGI S&P Global Inc. | Reduce -27.7% | 0.15% | −0.09 |
| PANW Palo Alto Networks Inc. | Reduce -14.3% | 0.32% | −0.08 |
| SNPS Synopsys Inc. | Reduce -11.5% | 0.30% | −0.08 |
| TTWO Take-Two Interactive Softwre | Reduce -64.8% | 0.03% | −0.08 |
| FIS Fidelity National Info Serv | Reduce -89.7% | 0.01% | −0.08 |
| PAYX Paychex Inc. | Reduce -62.3% | 0.04% | −0.07 |
| EQH Equitable Holdings Inc. | Reduce -32.9% | 0.09% | −0.07 |
| ACN Accenture PLC Class A | Reduce -58.0% | 0.04% | −0.07 |
| PLTR Palantir Technologies Inc. Class A | Reduce -9.3% | 0.25% | −0.07 |
| MSCI MSCI Inc. | Reduce -29.6% | 0.17% | −0.07 |
| DOCU Docusign Inc. | Reduce -96.7% | 0.00% | −0.07 |
| TEAM Atlassian Corp. Class A | Reduce -3.4% | 0.05% | −0.07 |
| SPSC SPS Commerce Inc. | Reduce -55.8% | 0.03% | −0.07 |
| ELV Elevance Health Inc. | Reduce -58.4% | 0.04% | −0.06 |
| CRH CRH PLC | Reduce -9.7% | 0.26% | −0.06 |
| CLH Clean Harbors Inc. | Reduce -45.4% | 0.15% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -25.6% | 0.24% | −0.06 |
| MRSH Marsh & McLennan Cos | Reduce -67.6% | 0.03% | −0.05 |
| DHR Danaher Corp. | Reduce -2.6% | 0.31% | −0.05 |
| APP AppLovin Corp. Class A | Reduce -1.2% | 0.08% | −0.05 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.05 |
| CMI Cummins Inc. | Reduce -28.7% | 0.19% | −0.05 |
| DHI D.R. Horton Inc. | Reduce -31.4% | 0.11% | −0.05 |
| WY Weyerhaeuser Co. | Reduce -98.2% | 0.00% | −0.05 |
| INTC Intel Corp. | Reduce -60.0% | 0.04% | −0.04 |
| HD Home Depot Inc. | Reduce -51.6% | 0.04% | −0.04 |
| DKS Dick's Sporting Goods Inc. | Reduce -97.6% | 0.00% | −0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| VZ Verizon Communications Inc. | Add +48.4% | 0.50% | +0.24 |
| WAB Wabtec Corp. | Add +15.8% | 0.81% | +0.24 |
| NEE Nextera Energy Inc. | Add +29.5% | 0.64% | +0.24 |
| DELL Dell Technologies -C | Add +180.1% | 0.32% | +0.23 |
| HCA HCA Healthcare Inc. | Add +33.5% | 0.63% | +0.19 |
| MU Micron Technology Inc. | Add +20.0% | 0.59% | +0.19 |
| EXC Exelon Corp. | Add +27.8% | 0.47% | +0.16 |
| GEV GE Vernova Inc. | Add +6.4% | 0.50% | +0.16 |
| FERG Ferguson Enterprises Inc. | Add +2254.6% | 0.17% | +0.16 |
| AMZN Amazon.com Inc. | Add +9.7% | 2.91% | +0.16 |
| KR Kroger Co. | Add +21.7% | 0.43% | +0.15 |
| EQIX Equinix Inc. | Add +3.2% | 0.49% | +0.14 |
| DG Dollar General Corp. | Add +429.0% | 0.18% | +0.14 |
| GILD Gilead Sciences Inc. | Add +2.4% | 0.68% | +0.14 |
| TT Trane Technologies PLC | Add +1.6% | 1.00% | +0.13 |
| AAPL Apple Inc. | Add +3.6% | 5.27% | +0.12 |
| BMY Bristol-Myers Squibb Co. | Add +914.9% | 0.11% | +0.10 |
| ZTS Zoetis Inc. | Add +18.9% | 0.63% | +0.10 |
| NFLX Netflix Inc. | Add +2.8% | 0.87% | +0.10 |
| PEP Pepsico Inc. | Add +10.2% | 0.43% | +0.10 |
| NEM Newmont Corp. | Add +8.0% | 0.51% | +0.10 |
| XOM Exxon Mobil Corp. | Add +6.7% | 0.21% | +0.09 |
| SFM Sprouts Farmers Market Inc. | Add +46.8% | 0.25% | +0.09 |
| WDC Western Digital Corp. | Add +287.9% | 0.09% | +0.08 |
| TGT Target Corp. | Add +3.3% | 0.29% | +0.08 |
| OC Owens Corning | Add +228.3% | 0.11% | +0.08 |
| SPOT Spotify Technology SA | Add +81.0% | 0.20% | +0.08 |
| DLTR Dollar Tree Inc. | Add +92.3% | 0.17% | +0.07 |
| GEHC GE Healthcare Technology | Add +392.8% | 0.09% | +0.07 |
| ROK Rockwell Automation Inc. | Add +30.9% | 0.32% | +0.07 |
| SNA Snap-on Inc. | Add +4.8% | 0.46% | +0.07 |
| WAT Waters Corp. | Add +1869.2% | 0.07% | +0.07 |
| ABBV Abbvie Inc. | Add +5.6% | 0.88% | +0.07 |
| DAL Delta Air Lines Inc. | Add +1041.9% | 0.07% | +0.07 |
| GFL GFL Environmental Inc.-Sub VT | Add +23.8% | 0.31% | +0.07 |
| WMT Walmart Inc. | Add +5.2% | 0.31% | +0.06 |
| BSX Boston Scientific Corp. | Add +803.0% | 0.08% | +0.06 |
| MDLZ Mondelez International Inc. Class A | Add +43.3% | 0.16% | +0.06 |
| WELL Welltower Inc. | Add +5.2% | 0.37% | +0.06 |
| AMT American Tower Corp. | Add +17.3% | 0.33% | +0.06 |
| GE General Electric | Add +43.8% | 0.22% | +0.06 |
| TRGP Targa Resources Corp. | Add +120.5% | 0.08% | +0.05 |
| CB Chubb Ltd. | Add +193.6% | 0.08% | +0.05 |
| FSLY Fastly Inc. Class A | New | 0.05% | +0.05 |
| MDT Medtronic PLC | Add +226.8% | 0.08% | +0.05 |
| SCI Service Corp. International | Add +49.9% | 0.12% | +0.05 |
| BR Broadridge Financial Solutio | Add +140.9% | 0.11% | +0.05 |
| STLD Steel Dynamics Inc. | Add +3.5% | 0.36% | +0.05 |
| LH Labcorp Holdings Inc. | Add +8.0% | 0.26% | +0.05 |
| JCI Johnson Controls Internation | Add +4.8% | 0.28% | +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 |