PensionDanmark Pensionsforsikringsaktieselskab

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed July 8, 2026), PensionDanmark Pensionsforsikringsaktieselskab reported 618 stock positions worth $10.3 billion. Its top holding was Nvidia (NVDA) at 7.9% of the portfolio, followed by Apple (AAPL, 7.1%) and Microsoft (MSFT, 4.9%). Compared with Q4 2025, it opened 20 new positions, sold out of 21, added to 212 and reduced 301. The biggest buy was Chevron (CVX, shares +5%) and the biggest sale Nvidia (NVDA, shares −4%).

Most Recent 13F
Q2 2026
Location
COPENHAGEN O, G7
CIK
0001897090
Portfolio Value
$10.3B (Q1 2026)
SEC Filing
0001897090-26-000005 ↗ filed Jul 8, 2026

Holdings Value

0$5.0B$10.0B$15.0B Q4 2025: $11.0B Q4 2025 Q1 2026: $10.3B $10.3B Q1 2026 Q2 2026: $12.0B Q2 2026

Holdings 618 stocks · $10.3B
NVDA Nvidia Corp. 7.89% 4,649,773 $810.9M Reduce -4.3%
AAPL Apple Inc. 7.09% 2,873,323 $729.2M Add +2.6%
MSFT Microsoft Corp. 4.93% 1,370,512 $507.3M Add +0.5%
AMZN Amazon.com Inc. 3.75% 1,849,144 $385.1M Reduce -3.4%
GOOGL Alphabet Inc. Class A 2.99% 1,068,300 $307.2M Reduce -5.1%
GOOG Alphabet Inc. Class C 2.99% 1,070,334 $307.0M Add +3.3%
AVGO Broadcom Inc. 2.58% 857,777 $265.5M Reduce -1.7%
META Meta Platforms Inc. Class A 2.52% 453,445 $259.4M Reduce -4.1%
JPM JPMorgan Chase & Co. 1.57% 547,820 $161.1M Add +4.1%
LLY Eli Lilly & Co. 1.23% 137,831 $126.8M Add +0.3%
JNJ Johnson & Johnson 1.07% 448,878 $109.7M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 1.05% 225,323 $108.0M Reduce -0.4%
MA Mastercard Inc. Class A 0.94% 192,748 $96.3M Reduce -1.3%
V Visa Inc. Class A 0.91% 308,951 $93.4M Reduce -10.1%
NFLX Netflix Inc. 0.87% 928,659 $89.3M Add +9.0%
COST Costco Wholesale Corp. 0.81% 83,159 $82.9M Add +2.1%
CVX Chevron Corp. 0.80% 399,566 $82.7M Add +4.5%
MU Micron Technology Inc. 0.70% 211,572 $71.5M Reduce -0.0%
ABBV Abbvie Inc. 0.67% 317,943 $69.1M Reduce -1.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.67% 1,403,219 $68.4M Add +11.3%
AMD Advanced Micro Devices 0.64% 323,077 $65.7M Reduce -6.1%
PG The Procter & Gamble Co. 0.60% 427,563 $61.8M Add +1.2%
PLTR Palantir Technologies Inc. Class A 0.57% 402,878 $58.9M Reduce -9.8%
GE General Electric filed as GE AEROSPACE 0.57% 206,338 $58.6M Add +3.3%
AMAT Applied Materials Inc. 0.57% 170,528 $58.3M Add +11.3%
RTX RTX Corp. 0.55% 292,500 $56.4M Add +5.8%
LRCX Lam Research Corp. 0.53% 256,734 $54.9M Add +3.6%
KO The Coca-Cola Co. 0.51% 692,379 $52.7M Reduce -7.2%
CSCO Cisco Systems Inc. 0.49% 653,049 $50.7M Reduce -3.7%
GS Goldman Sachs Group Inc. 0.49% 59,189 $50.1M Add +15.9%
UBER Uber Technologies Inc. 0.48% 690,492 $49.7M Reduce -3.7%
MRK Merck & Co. Inc. 0.48% 408,667 $49.2M Reduce -6.3%
PEP Pepsico Inc. 0.47% 310,965 $48.3M Add +15.4%
GEV GE Vernova Inc. 0.45% 53,500 $46.7M Reduce -0.1%
C Citigroup Inc. 0.45% 410,601 $46.6M Add +6.3%
HD Home Depot Inc. 0.44% 136,518 $44.9M Reduce -10.0%
UNH Unitedhealth Group Inc. 0.44% 165,854 $44.9M Add +0.7%
WFC Wells Fargo & Co. 0.43% 556,621 $44.3M Reduce -4.1%
MCD McDonald's Corp. 0.42% 137,394 $42.7M Add +14.2%
ORCL Oracle Corp. 0.41% 288,918 $42.5M Reduce -6.9%
MS Morgan Stanley 0.41% 257,576 $42.4M Add +14.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.39% 165,350 $40.1M Reduce -2.0%
T AT&T Inc. 0.39% 1,382,123 $40.1M Add +5.0%
KLAC KLA Corp. 0.37% 26,017 $38.3M Add +8.4%
MELI MercadoLibre Inc. 0.36% 21,709 $37.5M Reduce -0.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.35% 223,342 $35.7M Add +10.8%
VZ Verizon Communications Inc. 0.34% 705,167 $35.4M Reduce -3.2%
TMO Thermo Fisher Scientific Inc. 0.34% 71,736 $35.3M Reduce -6.5%
CRM Salesforce Inc. 0.33% 182,997 $34.2M Reduce -14.8%
BKNG Booking Holdings Inc. 0.33% 8,069 $34.0M Add +26.4%
AMGN Amgen Inc. 0.33% 96,479 $33.9M Reduce -7.3%
TXN Texas Instruments Inc. 0.33% 173,125 $33.6M Reduce -5.0%
INTC Intel Corp. 0.32% 739,111 $32.6M Reduce -19.3%
SHOP Shopify Inc. Class A 0.32% 275,228 $32.6M Reduce -8.2%
APH Amphenol Corp. Class A 0.31% 253,248 $32.0M Reduce -0.8%
NEE Nextera Energy Inc. 0.31% 340,078 $31.6M Reduce -10.1%
BMY Bristol-Myers Squibb Co. 0.30% 506,628 $30.7M Add +25.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.30% 316,691 $30.5M Reduce -19.9%
ABT Abbott Laboratories 0.29% 294,709 $30.3M Add +5.5%
PFE Pfizer Inc. 0.29% 1,061,154 $29.8M Add +4.3%
AXP American Express Co. 0.28% 96,355 $29.1M Reduce -7.1%
GILD Gilead Sciences Inc. 0.28% 208,284 $29.0M Reduce -5.6%
SCHW Schwab (charles) Corp. 0.28% 304,587 $28.6M Add +5.7%
QCOM Qualcomm Inc. 0.28% 222,214 $28.6M Add +7.6%
DASH DoorDash Inc. Class A 0.28% 190,162 $28.6M Reduce -7.6%
ADI Analog Devices Inc. 0.27% 88,312 $28.1M Reduce -0.8%
NOW ServiceNow Inc. 0.27% 261,082 $27.3M Reduce -13.1%
ISRG Intuitive Surgical Inc. 0.26% 57,996 $26.7M Reduce -11.0%
BA The Boeing Co. 0.26% 132,783 $26.4M Reduce -1.7%
ANET Arista Networks Inc. 0.25% 211,278 $25.9M Add +4.2%
PH Parker Hannifin Corp. 0.25% 28,921 $25.9M Add +7.8%
MCK McKesson Corp. 0.24% 28,325 $24.5M Add +12.4%
FCX Freeport-McMoran Inc. 0.24% 412,730 $24.3M Add +23.1%
EOG EOG Resources Inc. 0.23% 165,302 $23.9M Add +56.3%
UNP Union Pacific Corp. 0.23% 98,162 $23.8M Reduce -5.4%
ADBE Adobe Inc. 0.23% 97,811 $23.8M Add +8.0%
CMCSA Comcast Corp. Class A 0.23% 812,576 $23.3M Add +2.7%
SPGI S&P Global Inc. 0.23% 54,504 $23.2M Reduce -26.7%
RY Royal Bank of Canada 0.22% 142,096 $22.9M Reduce -16.9%
MLM Martin Marietta Materials 0.22% 38,432 $22.6M Reduce -5.2%
DHR Danaher Corp. 0.22% 118,717 $22.5M Reduce -4.6%
BLK BlackRock Inc. 0.22% 23,306 $22.4M Reduce -12.0%
TMUS T-Mobile US Inc. 0.22% 106,017 $22.3M Add +5.7%
CL Colgate-Palmolive Co. 0.22% 260,059 $22.2M Add +70.6%
INTU Intuit Inc. 0.21% 51,063 $22.1M Reduce -5.3%
VRTX Vertex Pharmaceuticals Inc. 0.21% 49,204 $22.0M Reduce -0.4%
PGR Progressive Corp. 0.21% 110,684 $21.9M Reduce -9.2%
GLW Corning Inc. 0.21% 159,010 $21.6M Reduce -3.4%
SCI Service Corp. International 0.21% 261,605 $21.6M Add +6.6%
PLD Prologis Inc. 0.21% 162,364 $21.5M Reduce -2.5%
SYK Stryker Corp. 0.21% 65,286 $21.5M Add +6.5%
ELV Elevance Health Inc. 0.21% 72,750 $21.3M Reduce -16.5%
MMM 3M Co. 0.21% 145,448 $21.1M Add +34.8%
APP AppLovin Corp. Class A 0.20% 52,250 $20.8M Reduce -16.3%
TD Toronto-Dominion Bank 0.20% 219,104 $20.4M Add +14.3%
AMT American Tower Corp. 0.20% 117,590 $20.3M Add +23.6%
EQIX Equinix Inc. 0.20% 20,591 $20.2M Add +0.5%
LMT Lockheed Martin Corp. 0.19% 33,045 $20.0M Add +8.4%
CI The Cigna Group 0.19% 74,617 $19.9M Add +3.1%
WDC Western Digital Corp. 0.19% 73,024 $19.8M Add +31.4%

Show all 618 holdings

Portfolio Sells Q4 2025 → Q1 2026
NVDA Nvidia Corp. Reduce -4.3% 7.89% −0.35
META Meta Platforms Inc. Class A Reduce -4.1% 2.52% −0.31
AMZN Amazon.com Inc. Reduce -3.4% 3.75% −0.27
GOOGL Alphabet Inc. Class A Reduce -5.1% 2.99% −0.21
V Visa Inc. Class A Reduce -10.1% 0.91% −0.19
CRM Salesforce Inc. Reduce -14.8% 0.33% −0.18
APP AppLovin Corp. Class A Reduce -16.3% 0.20% −0.18
AVGO Broadcom Inc. Reduce -1.7% 2.58% −0.16
NOW ServiceNow Inc. Reduce -13.1% 0.27% −0.15
PLTR Palantir Technologies Inc. Class A Reduce -9.8% 0.57% −0.15
DASH DoorDash Inc. Class A Reduce -7.6% 0.28% −0.15
ORCL Oracle Corp. Reduce -6.9% 0.41% −0.14
SPGI S&P Global Inc. Reduce -26.7% 0.23% −0.13
SHOP Shopify Inc. Class A Reduce -8.2% 0.32% −0.12
DIS The Walt Disney Co. Reduce -19.9% 0.30% −0.11
INTU Intuit Inc. Reduce -5.3% 0.21% −0.11
PANW Palo Alto Networks Inc. Reduce -33.5% 0.15% −0.09
SE Sea Ltd.-ADR Reduce -23.3% 0.09% −0.08
MA Mastercard Inc. Class A Reduce -1.3% 0.94% −0.08
ISRG Intuitive Surgical Inc. Reduce -11.0% 0.26% −0.08
CDNS Cadence Design SYS Inc. Reduce -30.3% 0.14% −0.07
ELV Elevance Health Inc. Reduce -16.5% 0.21% −0.07
SNOW Snowflake Inc. Reduce -34.9% 0.06% −0.07
COF Capital One Financial Corp. Reduce -11.0% 0.17% −0.07
AXP American Express Co. Reduce -7.1% 0.28% −0.07
MDB Mongodb Inc. Reduce -45.5% 0.03% −0.06
IBM Intl Business Machines Corp. Reduce -2.0% 0.39% −0.06
TMO Thermo Fisher Scientific Inc. Reduce -6.5% 0.34% −0.06
WFC Wells Fargo & Co. Reduce -4.1% 0.43% −0.06
EPAM Epam Systems Inc. Reduce -49.7% 0.03% −0.06
XYZ Block Inc. Reduce -30.4% 0.13% −0.06
CMA Comerica Inc. Sold out 0.00% −0.05
TWLO Twilio Inc. Class A Reduce -37.9% 0.07% −0.05
AWK American Water Works Co. Inc. Reduce -88.6% 0.01% −0.05
CEG Constellation Energy Reduce -17.0% 0.12% −0.05
UBER Uber Technologies Inc. Reduce -3.7% 0.48% −0.05
AJG Arthur J Gallagher & Co. Reduce -34.3% 0.07% −0.05
WBD Warner Bros Discovery Inc. Reduce -51.1% 0.05% −0.05
CADE Cadence Bank Sold out 0.00% −0.05
IT Gartner Inc. Reduce -37.4% 0.03% −0.05
HOOD Robinhood Markets Inc. Class A Reduce -10.6% 0.06% −0.04
PYPL PayPal Holdings Inc. Reduce -32.2% 0.06% −0.04
RY Royal Bank of Canada Reduce -16.9% 0.22% −0.04
BX Blackstone Inc. Reduce -10.8% 0.10% −0.04
DHR Danaher Corp. Reduce -4.6% 0.22% −0.04
MCO Moody's Corp. Reduce -10.4% 0.18% −0.04
CBRE CBRE Group Inc. Class A Reduce -11.4% 0.16% −0.04
ADP Automatic Data Processing Reduce -10.5% 0.12% −0.04
BLK BlackRock Inc. Reduce -12.0% 0.22% −0.04
CPNG Coupang Inc. Reduce -13.8% 0.11% −0.04

Portfolio Buys Q4 2025 → Q1 2026
CVX Chevron Corp. Add +4.5% 0.80% +0.27
AMAT Applied Materials Inc. Add +11.3% 0.57% +0.21
AAPL Apple Inc. Add +2.6% 7.09% +0.18
COST Costco Wholesale Corp. Add +2.1% 0.81% +0.17
LRCX Lam Research Corp. Add +3.6% 0.53% +0.15
NFLX Netflix Inc. Add +9.0% 0.87% +0.14
EOG EOG Resources Inc. Add +56.3% 0.23% +0.13
PEP Pepsico Inc. Add +15.4% 0.47% +0.12
KLAC KLA Corp. Add +8.4% 0.37% +0.11
CL Colgate-Palmolive Co. Add +70.6% 0.22% +0.11
WDC Western Digital Corp. Add +31.4% 0.19% +0.11
BMY Bristol-Myers Squibb Co. Add +25.5% 0.30% +0.10
T AT&T Inc. Add +5.0% 0.39% +0.09
RTX RTX Corp. Add +5.8% 0.55% +0.09
FCX Freeport-McMoran Inc. Add +23.1% 0.24% +0.08
MCD McDonald's Corp. Add +14.2% 0.42% +0.08
VLO Valero Energy Corp. Add +22.1% 0.16% +0.08
GS Goldman Sachs Group Inc. Add +15.9% 0.49% +0.08
MPC Marathon Petroleum Corp. Add +10.7% 0.18% +0.08
TJX TJX Companies Inc. Add +10.8% 0.35% +0.07
PBR Petroleo Brasileiro-Spon ADR Add +66.3% 0.09% +0.06
EQT Eqt Corp. Add +81.4% 0.11% +0.06
LNG Cheniere Energy Inc. Add +18.1% 0.13% +0.06
CM Can Imperial BK of Commerce Add +32.6% 0.19% +0.06
LMT Lockheed Martin Corp. Add +8.4% 0.19% +0.06
CFG Citizens Financial Group Add +812.7% 0.07% +0.06
PFE Pfizer Inc. Add +4.3% 0.29% +0.06
SLB SLB Ltd. Add +18.4% 0.14% +0.06
VICI Vici Properties Inc. Add +90.9% 0.12% +0.06
TER Teradyne Inc. Add +0.1% 0.15% +0.06
CIEN Ciena Corp. Add +63.1% 0.09% +0.06
HAL Halliburton Co. Add +208.8% 0.07% +0.06
BIDU Baidu Inc. - Spon ADR New 0.06% +0.06
EQIX Equinix Inc. Add +0.5% 0.20% +0.05
CTVA Corteva Inc. Add +16.6% 0.15% +0.05
KEYS Keysight Technologies Inc. Add +15.8% 0.13% +0.05
BKR Baker Hughes Co. Add +26.9% 0.12% +0.05
FIX Comfort Systems USA Inc. Add +1.7% 0.14% +0.05
PSX Phillips 66 Add +7.5% 0.14% +0.05
FITB Fifth Third Bancorp Add +588.0% 0.06% +0.05
MCK McKesson Corp. Add +12.4% 0.24% +0.05
PG The Procter & Gamble Co. Add +1.2% 0.60% +0.05
MS Morgan Stanley Add +14.6% 0.41% +0.05
ROST Ross Stores Inc. Add +9.1% 0.17% +0.05
SUNB Sunbelt Rentals Holdings Inc. New 0.05% +0.05
MMM 3M Co. Add +34.8% 0.21% +0.05
HCA HCA Healthcare Inc. Add +24.6% 0.18% +0.05
NOC Northrop Grumman Corp. Add +5.3% 0.18% +0.05
AMT American Tower Corp. Add +23.6% 0.20% +0.05
LITE Lumentum Holdings Inc. New 0.05% +0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 590$12.0BNVDA, AAPL, MSFT, AMZN, GOOGL
Q1 2026 618$10.3BNVDA, AAPL, MSFT, AMZN, GOOGL
Q4 2025 619$11.0BNVDA, AAPL, MSFT, AMZN, GOOGL