Q2 2026 13F · SEC CIK 1730525

Maj Invest Holding A/S

Investment managerFiled 2026-07-09 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.2B
Reported positions: 38
Top holdings a year, 3 yrs: +20.9%
Average holding period: 4.3 yrs

Maj Invest Holding A/S is an investment manager that reported 38 positions worth $2.2B in its Q2 2026 13F, filed 2026-07-09. Its largest holdings were Qualcomm Inc (QCOM, 8.8%), Berkshire Hathaway Inc Del (BRK-B, 8.3%), Meta Platforms Inc Class A (META, 7.8%). A portfolio copying its top holdings returned 20.9% a year over the last 3 years, against 20.4% for the S&P 500.

Maj Invest Holding A/S holdings all 38 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 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.

Maj Invest Holding A/S 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
QCOMQualcomm Inc	8.8%	7.9%	1,049,807	-24.6%	$194.0M
BRK-BBerkshire Hathaway Inc Del	8.3%	8.8%	364,813	-12.6%	$182.5M
METAMeta Platforms Inc Class A	7.8%	6.4%	302,931	+18.4%	$170.6M
HPQHp Inc	7.5%	7.2%	7,474,697	-11.6%	$164.0M
AMATApplied Matls Inc	5.8%	6.3%	176,751	-57.8%	$127.8M
AXPAmerican Express Co Com	5.8%	4.2%	375,514	+19.5%	$127.0M
CIThe Cigna Group	5.6%	4.6%	443,993	+13.6%	$122.4M
AMPAmeriprise Finl Inc	5.5%	5.8%	262,966	-11.7%	$120.6M
CSXCsx Corp Com	5.5%	6.5%	2,526,725	-29.6%	$120.1M
GOOGLAlphabet Inc	5.4%	4.7%	329,595	-11.7%	$117.8M
UPSUnited Parcel Svcs Inc Cl B	4.7%	4.8%	969,545	-11.7%	$104.2M
LOWLowes Cos Inc	4.7%	5.5%	465,406	-11.7%	$102.6M
KRThe Kroger Co	4.5%	4.8%	1,780,542	+17.5%	$98.9M
UNPUnion Pac Corp	4.3%	5.6%	349,171	-33.3%	$95.0M
HCAHCA Healthcare Inc	4.1%	3.6%	232,486	+34.8%	$90.6M
ELVElevance Health Inc Formerly	4.0%	3.4%	229,987	-11.6%	$88.9M
AFLAflac Inc	2.7%	2.8%	513,359	-10.6%	$60.2M
ZTSZoetis Inc	1.9%	3.5%	596,697	-11.6%	$42.9M
NEMNewmont Corp	1.9%	2.3%	447,920	-6.6%	$41.8M
SCIService Corp Intl	1.1%	1.4%	331,276	-11.6%	$25.2M
INTCIntel Corp	0.0%	0.0%	1,150	-42.5%	$161K
LMTLockheed Martin Corp Com	0.0%	0.0%	315	+0.0%	$160K
VVisa Inc Com Cl A	0.0%	0.0%	450	-40.0%	$154K
USBUS Bancorp Del	0.0%	0.0%	2,500	+0.0%	$151K
GDGeneral Dynamics Corp	0.0%	0.0%	400	+0.0%	$142K
UNHUnitedhealth Group Inc Com	0.0%	0.0%	307	+0.0%	$128K
ROKRockwell Automation Inc	0.0%	0.0%	240	+0.0%	$119K
JNJJohnson & Johnson	0.0%	0.0%	470	+0.0%	$119K
TXNTexas Instruments Inc	0.0%	0.0%	375	-42.3%	$112K
MCOMoodys Corp	0.0%	0.0%	245	+0.0%	$111K
SONYSony Corporation ADR (jpn)	0.0%	0.0%	5,500	+0.0%	$110K
MRNAModerna Inc	0.0%	0.0%	1,490	+50.5%	$104K
GSGoldman Sachs Group Inc	0.0%	0.0%	100	+0.0%	$101K
BIDUBaidu Inc Ads	0.0%	0.0%	850	+0.0%	$97K
PFEPfizer Inc	0.0%	0.0%	4,000	+0.0%	$96K
NOCNorthrop Grumman Corp	0.0%	0.0%	180	+0.0%	$92K
TMOThermo Fisher Scientific Inc	0.0%	0.0%	160	+0.0%	$80K
JKSJinkosolar Hldg Co Ltd	0.0%	0.0%	3,200	+0.0%	$54K

What Maj Invest Holding A/S bought and sold in Q2 2026, against Q1 2026.

New positions

No new positions among the largest holdings.

Added to

MRNA Moderna Inc+50.5% shares
HCA HCA Healthcare Inc+34.8% shares
AXP American Express Co Com+19.5% shares
META Meta Platforms Inc Class A+18.4% shares
KR The Kroger Co+17.5% shares
CI The Cigna Group+13.6% shares

Reduced

AMAT Applied Matls Inc-57.8% shares
INTC Intel Corp-42.5% shares
TXN Texas Instruments Inc-42.3% shares
V Visa Inc Com Cl A-40.0% shares
UNP Union Pac Corp-33.3% shares
CSX Csx Corp Com-29.6% shares
QCOM Qualcomm Inc-24.6% shares
BRK-B Berkshire Hathaway Inc Del-12.6% shares

Sold out

Nothing sold out.

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +28.6% /yr; S&P 500 +20.1%
3 years: +20.9% /yr; S&P 500 +20.4%
5 years: +13.2% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 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
Q2 2026	$2.2B	38
Q1 2026	$2.3B	38
Q4 2025	$2.1B	38
Q3 2025	$2.9B	42
Q2 2025	$2.9B	42
Q1 2025	$2.8B	45
Q4 2024	$3.0B	40
Q3 2024	$3.8B	39
Q2 2024	$3.6B	37
Q1 2024	$3.7B	36
Q4 2023	$3.4B	35
Q3 2023	$3.7B	37

Questions about Maj Invest Holding A/S's portfolio

What stocks does Maj Invest Holding A/S own?

Maj Invest Holding A/S's latest 13F, for Q2 2026 and filed Jul 9, 2026, lists 38 positions worth $2.2B. The largest are Qualcomm Inc (QCOM) at 8.8%, Berkshire Hathaway Inc Del (BRK-B) at 8.3%, Meta Platforms Inc Class A (META) at 7.8%, Hp Inc (HPQ) at 7.5% and Applied Matls Inc (AMAT) at 5.8%.

What did Maj Invest Holding A/S buy last quarter?

In Q2 2026, Maj Invest Holding A/S added Moderna Inc (MRNA) (+50.5% shares), HCA Healthcare Inc (HCA) (+34.8% shares) and American Express Co Com (AXP) (+19.5% shares), compared with its Q1 2026 filing.

What did Maj Invest Holding A/S sell last quarter?

In Q2 2026, Maj Invest Holding A/S Applied Matls Inc (AMAT) (-57.8% shares), Intel Corp (INTC) (-42.5% shares) and Texas Instruments Inc (TXN) (-42.3% shares), compared with its Q1 2026 filing.

How has Maj Invest Holding A/S's portfolio performed?

A portfolio copying Maj Invest Holding A/S's 20 largest 13F holdings each quarter, from the day each filing was public, returned +20.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +28.6% against +20.1%. Over 5 years: +13.2% a year against +11.6%.

When is Maj Invest Holding A/S's next 13F filing due?

13F filings are due 45 days after each quarter ends. Maj Invest Holding A/S's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.