# Cardano Risk Management B.V.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1619124. Source: https://holderbook.com/funds/1619124-cardano-risk-management-b-v/

- Reported value: $13.0B
- Positions: 52
- Weight of the ten largest: 54.8%
- Filed: 2026-07-09

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/) | $1.5B | 7,715,089 | 11.9% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.3B | 4,345,511 | 9.7% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $906.8M | 2,430,917 | 7.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $693.5M | 2,909,831 | 5.3% | 27 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $663.0M | 1,876,532 | 5.1% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $514.7M | 1,440,207 | 4.0% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $494.9M | 1,310,174 | 3.8% | 9 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $385.6M | 334,063 | 3.0% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $362.3M | 861,418 | 2.8% | 11 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $298.9M | 249,204 | 2.3% | 11 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $294.0M | 506,119 | 2.3% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $289.0M | 882,774 | 2.2% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $276.2M | 804,973 | 2.1% | 10 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $262.0M | 362,421 | 2.0% | 2 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $242.8M | 1,069,814 | 1.9% | 6 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $232.2M | 535,748 | 1.8% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $197.9M | 385,332 | 1.5% | 9 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $187.3M | 1,341,703 | 1.4% | 1 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $185.5M | 3,989,536 | 1.4% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $176.2M | 583,842 | 1.4% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $174.9M | 186,969 | 1.3% | 9 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $174.4M | 3,141,884 | 1.3% | 10 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $159.1M | 1,174,787 | 1.2% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $154.1M | 1,311,581 | 1.2% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $149.7M | 2,627,191 | 1.2% | 5 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $143.2M | 569,015 | 1.1% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $124.7M | 970,317 | 1.0% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $122.4M | 1,505,504 | 0.9% | 4 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $120.0M | 187,935 | 0.9% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $119.8M | 351,256 | 0.9% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $114.3M | 779,511 | 0.9% | 11 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $112.5M | 111,237 | 0.9% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $111.7M | 316,784 | 0.9% | 8 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $108.3M | 142,936 | 0.8% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $106.4M | 256,026 | 0.8% | 11 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $106.2M | 508,175 | 0.8% | 2 |
| LINDE PLC | - | $105.5M | 203,325 | 0.8% | 2 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $105.2M | 89,517 | 0.8% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $104.7M | 1,465,830 | 0.8% | 7 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $104.3M | 466,269 | 0.8% | 1 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $102.5M | 676,762 | 0.8% | 2 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $102.4M | 580,870 | 0.8% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $100.7M | 337,713 | 0.8% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $100.5M | 2,372,766 | 0.8% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $94.3M | 260,359 | 0.7% | 2 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $85.3M | 478,757 | 0.7% | 5 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $83.0M | 370,801 | 0.6% | 4 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $80.1M | 686,694 | 0.6% | 4 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $75.2M | 512,981 | 0.6% | 5 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $67.8M | 432,871 | 0.5% | 7 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $62.7M | 154,024 | 0.5% | 4 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $48.1M | 484,785 | 0.4% | 7 |

## 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 | +18.7% | +14.8% | +3.9% | 98% |
| Q1 2026 | -8.8% | -4.6% | -4.2% | 99% |
| Q4 2025 | +2.6% | +2.4% | +0.2% | 100% |
| Q3 2025 | +12.3% | +7.8% | +4.5% | 100% |
| Q2 2025 | +13.8% | +10.5% | +3.3% | 100% |
| Q1 2025 | -10.9% | -4.6% | -6.4% | 100% |
| Q4 2024 | +8.3% | +2.1% | +6.2% | 100% |
| Q3 2024 | +1.5% | +5.4% | -3.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| 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 |
| Q3 2023 | $1.2B | 5 |