Q3 2026 13F · SEC CIK 1619124

Cardano Risk Management B.V.

Investment managerFiled 2026-10-20 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $18.2B
Reported positions: 59
Top holdings a year, 3 yrs: +25.2%
Average holding period: 5.2 yrs

Cardano Risk Management B.V. is an investment manager that reported 59 positions worth $18.2B in its Q3 2026 13F, filed 2026-10-20. Its largest holdings were Nvidia Corporation (NVDA, 12.7%), Apple Inc (AAPL, 10.7%), Microsoft Corp (MSFT, 9.1%). A portfolio copying its top holdings returned 25.2% a year over the last 3 years, against 20.4% for the S&P 500.

Cardano Risk Management B.V. holdings largest 50 of 59 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Cardano Risk Management B.V. 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
NVDANvidia Corporation	12.7%	11.9%	10,113,300	+31.1%	$2.3B
AAPLApple Inc	10.7%	9.7%	5,855,505	+34.7%	$1.9B
MSFTMicrosoft Corp	9.1%	7.0%	3,225,402	+32.7%	$1.7B
AMZNAmazon Com Inc	5.4%	5.3%	3,940,954	+35.4%	$981.9M
GOOGAlphabet Inc	5.0%	5.1%	2,694,312	+43.6%	$918.1M
GOOGLAlphabet Inc	3.7%	4.0%	1,955,852	+35.8%	$673.0M
AVGOBroadcom Inc	3.5%	3.8%	1,814,490	+38.5%	$637.2M
MUMicron Technology Inc	2.6%	3.0%	451,553	+35.2%	$481.0M
TSLATesla Inc	2.4%	2.8%	1,222,923	+42.0%	$433.9M
AMDAdvanced Micro Devices Inc	2.3%	2.3%	683,858	+35.1%	$418.4M
LLYEli Lilly & Co	2.2%	2.3%	342,741	+37.5%	$396.6M
JPMJpmorgan Chase & Co	2.1%	2.2%	1,171,347	+32.7%	$387.5M
VVisa Inc	1.9%	2.1%	985,760	+22.5%	$354.2M
WELLWelltower Inc	1.4%	1.9%	1,130,586	+5.7%	$263.3M
MAMastercard Incorporated	1.4%	1.5%	466,705	+21.1%	$257.4M
COSTCostco Wholesale Corporation	1.3%	1.3%	254,554	+36.1%	$231.7M
AMATApplied Matls Inc	1.2%	2.0%	441,606	+21.8%	$225.8M
LRCXLam Research Corp	1.2%	1.8%	661,914	+23.5%	$217.4M
INTCIntel Corp	1.2%	1.4%	1,763,596	+31.4%	$212.0M
ABBVAbbvie Inc	1.1%	1.1%	772,791	+35.8%	$202.2M
SLBSlb Limited	1.1%	1.4%	4,131,317	+3.6%	$201.3M
BKRBaker Hughes Company Cl A	1.1%	1.3%	3,608,426	+14.8%	$198.1M
CSCOCisco Sys Inc	1.0%	1.2%	1,696,662	+29.4%	$182.6M
BACBank of Amer Corp	1.0%	1.2%	3,322,116	+26.5%	$180.8M
PANWPalo Alto Networks Inc	1.0%	0.9%	449,745	+28.0%	$178.7M
PLDPrologis Inc	1.0%	1.2%	1,311,077	+11.6%	$173.9M
MRKMerck & Co Inc	0.9%	1.0%	1,175,613	+21.2%	$170.8M
METAMeta Platforms Inc	0.9%	—	234,024	—	$169.7M
KOCoca Cola Co	0.9%	0.9%	1,865,458	+23.9%	$160.6M
PGProcter & Gamble Co	0.8%	0.9%	1,063,503	+36.4%	$154.5M
NFLXNetflix Inc.	0.8%	0.8%	2,019,105	+37.7%	$140.5M
AMGNAmgen Inc	0.8%	0.7%	326,679	+25.5%	$137.7M
KLACKla Corp	0.8%	1.4%	701,119	+20.1%	$136.7M
UNHUnitedhealth Group Inc	0.7%	0.8%	364,678	+42.4%	$133.9M
SNDKSandisk Corp	0.7%	—	76,929	—	$133.8M
VZVerizon Communications Inc	0.7%	0.8%	2,815,176	+18.6%	$129.1M
53223L109Linde PLC	0.7%	0.8%	266,344	+31.0%	$126.4M
GSGoldman Sachs Group Inc	0.7%	0.9%	138,332	+24.4%	$124.5M
HDHome Depot Inc	0.7%	0.9%	431,391	+36.2%	$122.7M
TXNTexas Instrs Inc	0.7%	0.8%	431,134	+27.7%	$120.8M
MSMorgan Stanley	0.7%	0.8%	639,907	+25.9%	$120.4M
APHAmphenol Corp	0.6%	0.8%	1,388,625	+139.1%	$117.1M
DISDisney Walt Co	0.6%	—	1,098,332	—	$115.2M
TMOThermo Fisher Scientific Inc	0.6%	—	169,761	—	$114.6M
BNYBank of Ny Mellon Corp	0.6%	—	790,273	—	$114.3M
CRMSalesforce Inc	0.6%	0.5%	492,336	+13.7%	$113.0M
CRWDCrowdstrike Hldgs Inc	0.6%	—	424,879	—	$112.5M
GEVGe Vernova Inc	0.6%	0.8%	117,464	+31.2%	$111.6M
ADPAutomatic Data Processing in	0.6%	0.6%	403,011	+8.7%	$104.0M
SPGSimon Ppty Group Inc New	0.6%	0.8%	506,881	+8.7%	$103.5M

What Cardano Risk Management B.V. bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

APH Amphenol Corp+139.1% shares
GOOG Alphabet Inc+43.6% shares
UNH Unitedhealth Group Inc+42.4% shares
TSLA Tesla Inc+42.0% shares
AVGO Broadcom Inc+38.5% shares
NFLX Netflix Inc.+37.7% shares
LLY Eli Lilly & Co+37.5% shares
PG Procter & Gamble Co+36.4% shares

Reduced

No position shrank by more than 5%.

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +19.1% /yr; S&P 500 +20.1%
3 years: +25.2% /yr; S&P 500 +20.4%
5 years: +15.4% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$18.2B	59
Q2 2026	$13.0B	52
Q1 2026	$10.2B	44
Q4 2025	$9.9B	35
Q3 2025	$9.4B	32
Q2 2025	$7.8B	27
Q1 2025	$6.3B	25
Q4 2024	$6.5B	23
Q3 2024	$5.7B	19
Q2 2024	$5.1B	17
Q1 2024	$3.2B	13
Q4 2023	$2.4B	11

Questions about Cardano Risk Management B.V.'s portfolio

What stocks does Cardano Risk Management B.V. own?

Cardano Risk Management B.V.'s latest 13F, for Q3 2026 and filed Oct 20, 2026, lists 59 positions worth $18.2B. The largest are Nvidia Corporation (NVDA) at 12.7%, Apple Inc (AAPL) at 10.7%, Microsoft Corp (MSFT) at 9.1%, Amazon Com Inc (AMZN) at 5.4% and Alphabet Inc (GOOG) at 5.0%.

What did Cardano Risk Management B.V. buy last quarter?

In Q3 2026, Cardano Risk Management B.V. added Amphenol Corp (APH) (+139.1% shares), Alphabet Inc (GOOG) (+43.6% shares) and Unitedhealth Group Inc (UNH) (+42.4% shares), compared with its Q2 2026 filing.

What did Cardano Risk Management B.V. sell last quarter?

In Q3 2026, Cardano Risk Management B.V. cut from its top 50 Western Digital Corp Com (WDC), cut from its top 50 Curtiss Wright Corp (CW), cut from its top 50 Tjx Cos Inc New (TJX), cut from its top 50 Booking Holdings Inc (BKNG) and cut from its top 50 Palantir Technologies Inc (PLTR), compared with its Q2 2026 filing.

How has Cardano Risk Management B.V.'s portfolio performed?

A portfolio copying Cardano Risk Management B.V.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +25.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +19.1% against +20.1%. Over 5 years: +15.4% a year against +11.6%.

When is Cardano Risk Management B.V.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Cardano Risk Management B.V.'s filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.