# NORDEA INVESTMENT MANAGEMENT AB

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1218210. Source: https://holderbook.com/funds/1218210-nordea-investment-management-ab/

- Reported value: $122.6B
- Positions: 921
- Weight of the ten largest: 31.8%
- Filed: 2026-08-05

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.9B | 39,844,770 | 6.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.6B | 23,171,514 | 5.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.0B | 13,417,667 | 4.0% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $3.6B | 9,596,088 | 2.9% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.5B | 14,792,443 | 2.9% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.2B | 8,898,867 | 2.6% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.1B | 8,841,020 | 2.5% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.2B | 1,912,747 | 1.8% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $2.1B | 4,966,479 | 1.7% | 6 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.8B | 3,200,884 | 1.5% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.8B | 1,477,275 | 1.5% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.7B | 14,458,602 | 1.4% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.5B | 1,999,444 | 1.2% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.4B | 2,458,915 | 1.1% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.3B | 5,024,318 | 1.0% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.2B | 3,708,233 | 1.0% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.2B | 4,805,342 | 1.0% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.2B | 8,246,368 | 0.9% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $1.1B | 7,223,350 | 0.9% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.1B | 2,064,271 | 0.9% | 31 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $1.0B | 6,782,111 | 0.8% | 31 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $992.6M | 2,016,899 | 0.8% | 25 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $928.2M | 818,878 | 0.8% | 9 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $925.6M | 2,153,604 | 0.8% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $890.0M | 2,610,019 | 0.7% | 31 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $835.5M | 3,093,207 | 0.7% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $828.5M | 2,419,503 | 0.7% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $802.3M | 2,239,516 | 0.7% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $779.9M | 2,650,874 | 0.6% | 17 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $752.9M | 1,004,498 | 0.6% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $749.8M | 10,382,920 | 0.6% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $746.5M | 5,207,019 | 0.6% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $667.7M | 883,863 | 0.5% | 25 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $657.2M | 2,957,041 | 0.5% | 31 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $654.9M | 5,945,915 | 0.5% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $654.2M | 4,764,682 | 0.5% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $647.9M | 5,152,239 | 0.5% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $628.9M | 598,929 | 0.5% | 31 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $618.5M | 13,226,544 | 0.5% | 31 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $607.9M | 1,235,953 | 0.5% | 31 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $605.7M | 4,541,062 | 0.5% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $580.7M | 3,444,227 | 0.5% | 6 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $561.9M | 1,085,305 | 0.5% | 14 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $558.0M | 1,393,421 | 0.5% | 31 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $553.7M | 1,429,943 | 0.5% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $538.8M | 6,140,594 | 0.4% | 31 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $519.6M | 2,249,235 | 0.4% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $509.1M | 6,112,176 | 0.4% | 31 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $509.0M | 7,260,023 | 0.4% | 31 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $501.6M | 4,718,165 | 0.4% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $499.3M | 1,792,656 | 0.4% | 31 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $482.5M | 2,844,675 | 0.4% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $479.7M | 2,099,648 | 0.4% | 31 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $471.7M | 6,592,578 | 0.4% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $463.2M | 4,753,633 | 0.4% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $462.9M | 8,052,294 | 0.4% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $459.8M | 1,109,755 | 0.4% | 31 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $456.5M | 4,924,995 | 0.4% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $452.1M | 1,344,016 | 0.4% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $445.1M | 3,503,750 | 0.4% | 31 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $444.7M | 5,455,360 | 0.4% | 26 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $439.5M | 1,972,960 | 0.4% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $436.5M | 4,704,530 | 0.4% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $433.1M | 10,267,871 | 0.4% | 31 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $429.0M | 5,036,410 | 0.3% | 31 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $420.5M | 1,324,110 | 0.3% | 31 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $419.0M | 1,842,144 | 0.3% | 31 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $413.8M | 7,495,314 | 0.3% | 31 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $411.0M | 5,303,927 | 0.3% | 31 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $409.7M | 1,476,499 | 0.3% | 31 |
| COGNEX CORP | [CGNX](https://holderbook.com/stocks/CGNX/) | $407.4M | 5,820,165 | 0.3% | 31 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $404.7M | 2,403,360 | 0.3% | 31 |
| PENTAIR PLC | [PNR](https://holderbook.com/stocks/PNR/) | $402.0M | 5,284,291 | 0.3% | 31 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $401.7M | 11,315,097 | 0.3% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $401.0M | 2,934,401 | 0.3% | 31 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $399.2M | 16,565,504 | 0.3% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $392.2M | 1,051,073 | 0.3% | 17 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $380.8M | 1,891,120 | 0.3% | 7 |
| GFL ENVIRONMENTAL INC | [GFL](https://holderbook.com/stocks/GFL/) | $380.1M | 10,483,301 | 0.3% | 22 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $378.9M | 4,627,812 | 0.3% | 31 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $376.1M | 1,341,795 | 0.3% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $358.6M | 2,317,121 | 0.3% | 31 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $358.0M | 3,093,004 | 0.3% | 31 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $354.8M | 2,170,273 | 0.3% | 31 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $354.5M | 2,432,111 | 0.3% | 31 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $351.9M | 3,234,636 | 0.3% | 31 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $349.8M | 2,676,121 | 0.3% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $326.4M | 1,103,974 | 0.3% | 31 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $323.4M | 393,220 | 0.3% | 27 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $321.6M | 2,826,124 | 0.3% | 31 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $310.8M | 2,367,726 | 0.3% | 31 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $308.7M | 1,297,534 | 0.3% | 31 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $303.0M | 1,193,655 | 0.2% | 17 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $296.6M | 419,251 | 0.2% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $295.3M | 455,363 | 0.2% | 31 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $293.6M | 1,288,585 | 0.2% | 5 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $285.0M | 3,875,033 | 0.2% | 29 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $284.7M | 1,576,176 | 0.2% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $282.6M | 264,718 | 0.2% | 31 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $277.4M | 1,083,302 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +16.2% | +14.8% | +1.4% | 102% |
| Q1 2026 | -4.8% | -4.6% | -0.2% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 101% |
| Q3 2025 | +6.6% | +7.8% | -1.2% | 100% |
| Q2 2025 | +9.3% | +10.5% | -1.2% | 101% |
| Q1 2025 | -3.7% | -4.6% | +0.9% | 100% |
| Q4 2024 | +0.4% | +2.1% | -1.7% | 100% |
| Q3 2024 | +6.3% | +5.4% | +0.9% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $122.6B | 921 |
| Q1 2026 | $107.2B | 864 |
| Q4 2025 | $116.4B | 859 |
| Q3 2025 | $114.2B | 845 |
| Q2 2025 | $107.8B | 861 |
| Q1 2025 | $94.7B | 875 |
| Q4 2024 | $95.6B | 882 |
| Q3 2024 | $88.0B | 893 |
| Q2 2024 | $85.2B | 910 |
| Q1 2024 | $84.6B | 928 |
| Q4 2023 | $78.8B | 943 |
| Q3 2023 | $72.0B | 956 |