# Handelsinvest Investeringsforvaltning

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1659997. Source: https://holderbook.com/funds/1659997-handelsinvest-investeringsforvaltning/

- Reported value: $208.0M
- Positions: 317
- Weight of the ten largest: 24.8%
- Filed: 2024-04-19

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.2M | 24,357 | 4.9% | 22 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.8M | 8,589 | 3.7% | 22 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.8M | 39,685 | 3.3% | 22 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.3M | 34,787 | 3.0% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.7M | 31,227 | 2.3% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.1M | 8,538 | 2.0% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.3M | 16,351 | 1.6% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.9M | 3,721 | 1.4% | 21 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.8M | 2,139 | 1.4% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.6M | 9,235 | 1.2% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.5M | 5,229 | 1.2% | 22 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.3M | 4,749 | 1.1% | 22 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.3M | 14,081 | 1.1% | 2 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.1M | 16,284 | 1.0% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.1M | 14,106 | 1.0% | 22 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.1M | 13,076 | 1.0% | 2 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.0M | 3,456 | 1.0% | 22 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.0M | 33,168 | 1.0% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.9M | 30,436 | 0.9% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.8M | 10,107 | 0.9% | 2 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $1.8M | 5,202 | 0.9% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.8M | 8,730 | 0.9% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.8M | 3,494 | 0.8% | 2 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $1.7M | 550 | 0.8% | 2 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.6M | 23,123 | 0.8% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.6M | 6,336 | 0.8% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.6M | 12,644 | 0.8% | 2 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $1.5M | 11,229 | 0.7% | 2 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.5M | 5,926 | 0.7% | 2 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $1.5M | 3,300 | 0.7% | 2 |
| GODADDY INC | [GDDY](https://holderbook.com/stocks/GDDY/) | $1.5M | 12,493 | 0.7% | 2 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $1.5M | 2,232 | 0.7% | 10 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $1.4M | 2,584 | 0.7% | 2 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $1.4M | 3,375 | 0.7% | 2 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $1.4M | 20,566 | 0.7% | 2 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $1.4M | 1,810 | 0.7% | 2 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $1.4M | 2,425 | 0.7% | 2 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $1.4M | 5,437 | 0.7% | 2 |
| API GROUP CORP | [APG](https://holderbook.com/stocks/APG/) | $1.4M | 34,507 | 0.7% | 2 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $1.3M | 2,508 | 0.6% | 2 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $1.3M | 3,162 | 0.6% | 2 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $1.3M | 5,173 | 0.6% | 9 |
| AECOM | [ACM](https://holderbook.com/stocks/ACM/) | $1.3M | 13,665 | 0.6% | 2 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $1.3M | 2,567 | 0.6% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $1.3M | 13,074 | 0.6% | 2 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $1.2M | 9,577 | 0.6% | 2 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $1.2M | 7,198 | 0.6% | 3 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $1.2M | 6,256 | 0.6% | 2 |
| US FOODS HLDG CORP | [USFD](https://holderbook.com/stocks/USFD/) | $1.2M | 22,094 | 0.6% | 2 |
| WYNDHAM HOTELS & RESORTS INC | [WH](https://holderbook.com/stocks/WH/) | $1.2M | 15,125 | 0.6% | 2 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $1.1M | 3,414 | 0.5% | 2 |
| LKQ CORP | [LKQ](https://holderbook.com/stocks/LKQ/) | $1.1M | 20,662 | 0.5% | 2 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $1.1M | 13,664 | 0.5% | 2 |
| SERVICE CORP INTL | [SCI](https://holderbook.com/stocks/SCI/) | $1.1M | 14,621 | 0.5% | 22 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.1M | 3,809 | 0.5% | 2 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $1.1M | 710 | 0.5% | 2 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $1.1M | 12,376 | 0.5% | 2 |
| SUPER MICRO COMPUTER INC | [SMCIXXXX](https://holderbook.com/stocks/SMCIXXXX/) | $1.0M | 1,033 | 0.5% | 3 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $1.0M | 3,975 | 0.5% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $1.0M | 2,879 | 0.5% | 1 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $994.0K | 6,822 | 0.5% | 2 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $976.0K | 7,554 | 0.5% | 22 |
| DARLING INGREDIENTS INC | [DAR](https://holderbook.com/stocks/DAR/) | $968.0K | 20,815 | 0.5% | 18 |
| FERGUSON PLC NEW | [FERGXXXX](https://holderbook.com/stocks/FERGXXXX/) | $955.0K | 4,370 | 0.5% | 2 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $935.0K | 20,671 | 0.4% | 2 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $932.0K | 30,386 | 0.4% | 2 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $893.0K | 4,087 | 0.4% | 2 |
| ROLLINS INC | [ROL](https://holderbook.com/stocks/ROL/) | $861.0K | 18,606 | 0.4% | 2 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $807.0K | 3,256 | 0.4% | 2 |
| JAZZ PHARMACEUTICALS PLC | [JAZZ](https://holderbook.com/stocks/JAZZ/) | $801.0K | 6,648 | 0.4% | 2 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $780.0K | 8,345 | 0.4% | 2 |
| WESTERN ALLIANCE BANCORP | [WAL](https://holderbook.com/stocks/WAL/) | $770.0K | 11,993 | 0.4% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $739.0K | 4,203 | 0.4% | 2 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $730.0K | 8,464 | 0.4% | 1 |
| NORDSON CORP | [NDSN](https://holderbook.com/stocks/NDSN/) | $689.0K | 2,511 | 0.3% | 2 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $669.0K | 988 | 0.3% | 3 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $660.0K | 5,013 | 0.3% | 22 |
| BUILDERS FIRSTSOURCE INC | [BLDR](https://holderbook.com/stocks/BLDR/) | $614.0K | 2,946 | 0.3% | 2 |
| TD SYNNEX CORPORATION | [SNX](https://holderbook.com/stocks/SNX/) | $568.0K | 5,022 | 0.3% | 2 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $563.0K | 6,892 | 0.3% | 3 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $562.0K | 29,981 | 0.3% | 2 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $546.0K | 1,316 | 0.3% | 2 |
| DECKERS OUTDOOR CORP | [DECK](https://holderbook.com/stocks/DECK/) | $534.0K | 567 | 0.3% | 2 |
| MOLINA HEALTHCARE INC | [MOH](https://holderbook.com/stocks/MOH/) | $508.0K | 1,237 | 0.2% | 6 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $497.0K | 3,350 | 0.2% | 2 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $480.0K | 3,414 | 0.2% | 3 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $474.0K | 1,515 | 0.2% | 3 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $473.0K | 1,206 | 0.2% | 6 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $469.0K | 3,626 | 0.2% | 2 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $459.0K | 3,451 | 0.2% | 2 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $458.0K | 3,941 | 0.2% | 14 |
| COPT DEFENSE PROPERTIES | [CDP](https://holderbook.com/stocks/CDP/) | $455.0K | 18,824 | 0.2% | 2 |
| CADENCE BANK | [CADE](https://holderbook.com/stocks/CADE/) | $454.0K | 15,660 | 0.2% | 2 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $452.0K | 2,390 | 0.2% | 2 |
| FORTUNE BRANDS INNOVATIONS I | [FBIN](https://holderbook.com/stocks/FBIN/) | $449.0K | 5,308 | 0.2% | 3 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $445.0K | 1,400 | 0.2% | 2 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $436.0K | 1,651 | 0.2% | 2 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $436.0K | 1,026 | 0.2% | 21 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $428.0K | 4,892 | 0.2% | 2 |
| RELIANCE INC | [RS](https://holderbook.com/stocks/RS/) | $428.0K | 1,282 | 0.2% | 2 |

## 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 |
|---|---|---|---|---|
| Q1 2024 | +9.2% | +10.0% | -0.8% | 100% |
| Q4 2023 | +13.7% | +11.2% | +2.5% | 100% |
| Q3 2023 | -6.9% | -3.6% | -3.3% | 100% |
| Q2 2023 | +5.0% | +8.3% | -3.3% | 100% |
| Q1 2023 | +3.5% | +7.0% | -3.5% | 99% |
| Q4 2022 | +7.2% | +7.1% | +0.1% | 100% |
| Q3 2022 | -3.1% | -5.3% | +2.2% | 100% |
| Q2 2022 | -16.4% | -16.5% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $208.0M | 317 |
| Q4 2023 | $245.0M | 319 |
| Q3 2023 | $288.0M | 105 |
| Q2 2023 | $507.3M | 83 |
| Q1 2023 | $626.9M | 87 |
| Q4 2022 | $633.6M | 93 |
| Q3 2022 | $636.8M | 100 |
| Q2 2022 | $674.9M | 105 |
| Q1 2022 | $825.8M | 110 |
| Q4 2021 | $984.7M | 114 |
| Q3 2021 | $916.7M | 118 |
| Q2 2021 | $899.3M | 123 |