# NN Investment Partners Holdings N.V.

> Institutional holdings reported to the SEC as of Q1 2022 on Form 13F. CIK 1667232. Source: https://holderbook.com/funds/1667232-nn-investment-partners-holdings-n-v/

- Reported value: $18.6B
- Positions: 792
- Weight of the ten largest: 28.2%
- Filed: 2022-05-11

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/) | $1.2B | 3,933,900 | 6.5% | 14 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $888.3M | 5,087,245 | 4.8% | 14 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $564.5M | 202,950 | 3.0% | 14 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $526.6M | 1,032,540 | 2.8% | 14 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $398.7M | 1,461,278 | 2.1% | 14 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $349.3M | 711,085 | 1.9% | 14 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $344.1M | 715,674 | 1.9% | 14 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $323.7M | 1,459,802 | 1.7% | 14 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $321.8M | 784,527 | 1.7% | 14 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $310.0M | 524,845 | 1.7% | 14 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $285.4M | 626,401 | 1.5% | 14 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $279.8M | 85,829 | 1.5% | 14 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $258.1M | 3,571,474 | 1.4% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $256.4M | 91,800 | 1.4% | 14 |
| SOLAREDGE TECHNOLOGIES INC | [SEDG](https://holderbook.com/stocks/SEDG/) | $243.4M | 754,899 | 1.3% | 14 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $242.3M | 608,362 | 1.3% | 14 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $234.1M | 1,740,112 | 1.3% | 14 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $211.5M | 4,516,886 | 1.1% | 14 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $180.8M | 1,014,546 | 1.0% | 14 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $175.3M | 643,553 | 0.9% | 14 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $171.7M | 1,474,120 | 0.9% | 14 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $169.5M | 898,938 | 0.9% | 14 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $158.0M | 523,783 | 0.9% | 14 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $148.5M | 137,775 | 0.8% | 14 |
| NORDSON CORP | [NDSN](https://holderbook.com/stocks/NDSN/) | $141.0M | 620,931 | 0.8% | 9 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $133.7M | 396,114 | 0.7% | 14 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $131.6M | 1,492,711 | 0.7% | 14 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $130.2M | 454,808 | 0.7% | 14 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $128.3M | 342,571 | 0.7% | 14 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $128.0M | 205,629 | 0.7% | 10 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $123.1M | 579,389 | 0.7% | 14 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $122.0M | 895,045 | 0.7% | 14 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $113.5M | 1,383,045 | 0.6% | 14 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $112.9M | 699,232 | 0.6% | 14 |
| MATCH GROUP INC NEW | [MTCH](https://holderbook.com/stocks/MTCH/) | $112.8M | 1,037,743 | 0.6% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $112.7M | 2,021,600 | 0.6% | 14 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $110.6M | 369,517 | 0.6% | 14 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $107.6M | 704,207 | 0.6% | 14 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $105.6M | 595,725 | 0.6% | 14 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $102.2M | 2,007,119 | 0.6% | 14 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $101.9M | 176,936 | 0.5% | 14 |
| ETSY INC | [ETSY](https://holderbook.com/stocks/ETSY/) | $101.8M | 819,082 | 0.5% | 5 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $100.6M | 342,921 | 0.5% | 14 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $100.5M | 600,413 | 0.5% | 14 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $97.8M | 289,929 | 0.5% | 9 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $89.7M | 1,228,935 | 0.5% | 14 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $82.8M | 189,935 | 0.4% | 14 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $81.5M | 593,828 | 0.4% | 14 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $81.4M | 830,401 | 0.4% | 14 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $79.6M | 222,779 | 0.4% | 14 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $77.1M | 321,766 | 0.4% | 14 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $77.0M | 1,867,464 | 0.4% | 14 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $72.8M | 289,924 | 0.4% | 14 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $68.6M | 3,628,784 | 0.4% | 3 |
| DESCARTES SYS GROUP INC | [DSGX](https://holderbook.com/stocks/DSGX/) | $66.4M | 907,000 | 0.4% | 11 |
| ANSYS INC | [ANSS](https://holderbook.com/stocks/ANSS/) | $66.0M | 207,892 | 0.4% | 14 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $65.3M | 645,248 | 0.4% | 14 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $63.9M | 101,422 | 0.3% | 14 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $61.7M | 777,188 | 0.3% | 14 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $61.3M | 1,237,061 | 0.3% | 14 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $59.4M | 437,792 | 0.3% | 14 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $59.3M | 323,111 | 0.3% | 14 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $58.8M | 355,237 | 0.3% | 11 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $57.5M | 1,580,014 | 0.3% | 14 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $57.3M | 1,155,081 | 0.3% | 14 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $55.4M | 274,331 | 0.3% | 6 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $54.1M | 1,044,847 | 0.3% | 14 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $51.3M | 1,242,063 | 0.3% | 14 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $50.5M | 1,334,667 | 0.3% | 14 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $50.5M | 311,485 | 0.3% | 14 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $49.2M | 924,899 | 0.3% | 14 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $48.8M | 286,658 | 0.3% | 14 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $48.8M | 777,041 | 0.3% | 14 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $48.3M | 407,705 | 0.3% | 14 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $47.6M | 575,590 | 0.3% | 14 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $47.3M | 401,915 | 0.3% | 14 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $46.3M | 284,535 | 0.2% | 14 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $45.5M | 550,642 | 0.2% | 14 |
| HOLOGIC INC | [HOLX](https://holderbook.com/stocks/HOLX/) | $44.9M | 584,267 | 0.2% | 14 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $44.8M | 1,304,807 | 0.2% | 9 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $44.7M | 220,982 | 0.2% | 14 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $44.5M | 241,515 | 0.2% | 14 |
| SPLUNK INC | - | $43.1M | 35,900,000 | 0.2% | 5 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $43.0M | 478,272 | 0.2% | 14 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $42.7M | 198,918 | 0.2% | 13 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $42.3M | 321,276 | 0.2% | 14 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $41.8M | 1,112,108 | 0.2% | 8 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $41.2M | 296,987 | 0.2% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $41.1M | 376,244 | 0.2% | 14 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $39.2M | 634,331 | 0.2% | 14 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $38.8M | 149,461 | 0.2% | 14 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $38.4M | 154,525 | 0.2% | 14 |
| PAYCOM SOFTWARE INC | [PAYC](https://holderbook.com/stocks/PAYC/) | $38.3M | 110,450 | 0.2% | 14 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $38.1M | 198,543 | 0.2% | 14 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $37.6M | 340,559 | 0.2% | 14 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $37.3M | 657,141 | 0.2% | 10 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $37.3M | 268,944 | 0.2% | 14 |
| DEXCOM INC | - | $37.1M | 32,270,000 | 0.2% | 4 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $37.1M | 525,181 | 0.2% | 14 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $37.0M | 210,337 | 0.2% | 14 |

## 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 2022 | -7.1% | -4.9% | -2.2% | 98% |
| Q4 2021 | +10.4% | +10.7% | -0.3% | 98% |
| Q3 2021 | +0.2% | +0.3% | -0.1% | 96% |
| Q2 2021 | +9.5% | +8.0% | +1.5% | 98% |
| Q1 2021 | +3.3% | +6.0% | -2.7% | 98% |
| Q4 2020 | +11.2% | +11.6% | -0.4% | 97% |
| Q3 2020 | +8.9% | +8.6% | +0.3% | 96% |
| Q2 2020 | +23.6% | +19.6% | +3.9% | 96% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2022 | $18.6B | 792 |
| Q4 2021 | $20.0B | 781 |
| Q3 2021 | $18.1B | 788 |
| Q2 2021 | $18.8B | 813 |
| Q1 2021 | $17.0B | 779 |
| Q4 2020 | $16.5B | 749 |
| Q3 2020 | $15.5B | 716 |
| Q2 2020 | $14.9B | 747 |
| Q1 2020 | $12.3B | 734 |
| Q4 2019 | $14.7B | 711 |
| Q3 2019 | $12.8B | 727 |
| Q2 2019 | $12.6B | 743 |