# BI Asset Management Fondsmaeglerselskab A/S

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1778131. Source: https://holderbook.com/funds/1778131-bi-asset-management-fondsmaeglerselskab-a-s/

- Reported value: $12.6B
- Positions: 706
- Weight of the ten largest: 38.4%
- Filed: 2026-08-10

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/) | $986.9M | 4,963,207 | 7.8% | 29 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $768.0M | 2,666,876 | 6.1% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $748.4M | 2,108,608 | 5.9% | 30 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $547.0M | 1,478,100 | 4.3% | 50 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $387.4M | 1,030,214 | 3.1% | 18 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $310.5M | 1,319,324 | 2.5% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $307.9M | 266,778 | 2.4% | 33 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $302.6M | 418,601 | 2.4% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $252.8M | 450,038 | 2.0% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $229.1M | 191,037 | 1.8% | 33 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $182.6M | 538,733 | 1.4% | 50 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $177.4M | 345,377 | 1.4% | 28 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $161.7M | 496,510 | 1.3% | 25 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $160.2M | 1,973,777 | 1.3% | 26 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $135.1M | 447,760 | 1.1% | 18 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $127.6M | 842,375 | 1.0% | 46 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $123.9M | 488,378 | 1.0% | 34 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $114.4M | 122,308 | 0.9% | 27 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $106.6M | 476,170 | 0.8% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $99.8M | 171,724 | 0.8% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $92.7M | 87,055 | 0.7% | 25 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $89.0M | 767,827 | 0.7% | 50 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $88.9M | 523,342 | 0.7% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $86.1M | 204,638 | 0.7% | 29 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $83.9M | 898,122 | 0.7% | 26 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $82.3M | 607,710 | 0.7% | 33 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $77.7M | 686,398 | 0.6% | 17 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $76.8M | 687,420 | 0.6% | 27 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $74.0M | 89,142 | 0.6% | 9 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $72.5M | 331,911 | 0.6% | 18 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $71.7M | 174,686 | 0.6% | 50 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $70.3M | 295,636 | 0.6% | 7 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $65.7M | 716,772 | 0.5% | 29 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $65.3M | 32,949 | 0.5% | 8 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $64.7M | 1,530,074 | 0.5% | 33 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $63.4M | 138,249 | 0.5% | 18 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $63.0M | 192,770 | 0.5% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $60.7M | 241,796 | 0.5% | 29 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $59.5M | 468,644 | 0.5% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $59.5M | 1,033,357 | 0.5% | 29 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $59.0M | 460,463 | 0.5% | 9 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $58.0M | 272,594 | 0.5% | 18 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $55.2M | 161,731 | 0.4% | 27 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $54.9M | 85,915 | 0.4% | 22 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $54.7M | 40,211 | 0.4% | 19 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $54.0M | 192,156 | 0.4% | 29 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $51.6M | 292,826 | 0.4% | 7 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $50.5M | 309,850 | 0.4% | 25 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $49.2M | 862,889 | 0.4% | 7 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $47.8M | 911,826 | 0.4% | 6 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $47.5M | 1,936,001 | 0.4% | 50 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $46.5M | 155,909 | 0.4% | 28 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $45.2M | 571,478 | 0.4% | 22 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $44.5M | 318,837 | 0.4% | 29 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $44.0M | 307,834 | 0.3% | 45 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $42.9M | 85,695 | 0.3% | 7 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $42.3M | 206,428 | 0.3% | 28 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $41.2M | 35,033 | 0.3% | 7 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $40.8M | 150,157 | 0.3% | 25 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $39.9M | 272,317 | 0.3% | 6 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $39.4M | 76,385 | 0.3% | 12 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $38.7M | 142,972 | 0.3% | 28 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $36.2M | 75,918 | 0.3% | 17 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $36.1M | 195,394 | 0.3% | 27 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $36.0M | 120,975 | 0.3% | 18 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $36.0M | 503,819 | 0.3% | 25 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $35.9M | 345,580 | 0.3% | 26 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $35.8M | 147,581 | 0.3% | 15 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $35.7M | 155,793 | 0.3% | 25 |
| TENET HEALTHCARE CORP | [THC](https://holderbook.com/stocks/THC/) | $35.5M | 189,953 | 0.3% | 12 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $35.4M | 1,124,220 | 0.3% | 37 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $35.4M | 259,009 | 0.3% | 21 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $35.4M | 90,798 | 0.3% | 4 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $34.5M | 177,456 | 0.3% | 7 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $34.4M | 246,136 | 0.3% | 26 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $34.3M | 221,414 | 0.3% | 26 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $33.9M | 255,931 | 0.3% | 23 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $32.8M | 392,021 | 0.3% | 33 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $32.3M | 247,477 | 0.3% | 7 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $32.1M | 82,434 | 0.3% | 33 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $31.8M | 44,572 | 0.3% | 26 |
| CF INDUSTRIES HOLD | [CF](https://holderbook.com/stocks/CF/) | $30.4M | 280,893 | 0.2% | 17 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $30.3M | 206,749 | 0.2% | 29 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $28.6M | 186,401 | 0.2% | 7 |
| DAVITA INC | [DVA](https://holderbook.com/stocks/DVA/) | $28.6M | 128,567 | 0.2% | 15 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $28.0M | 341,137 | 0.2% | 17 |
| BRINKER INTL INC | [EAT](https://holderbook.com/stocks/EAT/) | $27.1M | 161,140 | 0.2% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $26.7M | 55,913 | 0.2% | 50 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $26.3M | 78,546 | 0.2% | 11 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $26.3M | 156,655 | 0.2% | 20 |
| H WORLD GROUP LTD | [HTHT](https://holderbook.com/stocks/HTHT/) | $26.1M | 626,634 | 0.2% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $26.1M | 166,418 | 0.2% | 26 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $25.5M | 255,030 | 0.2% | 25 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $24.4M | 219,215 | 0.2% | 29 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $23.7M | 65,397 | 0.2% | 16 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $23.5M | 64,291 | 0.2% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $23.2M | 63,977 | 0.2% | 7 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $23.1M | 50,957 | 0.2% | 27 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $23.0M | 104,370 | 0.2% | 25 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $23.0M | 239,420 | 0.2% | 38 |

## 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 | +14.4% | +14.8% | -0.5% | 101% |
| Q1 2026 | -5.0% | -4.6% | -0.3% | 101% |
| Q4 2025 | +2.0% | +2.4% | -0.4% | 101% |
| Q3 2025 | +8.0% | +7.8% | +0.2% | 101% |
| Q2 2025 | +10.7% | +10.5% | +0.3% | 100% |
| Q1 2025 | -4.6% | -4.6% | -0.0% | 100% |
| Q4 2024 | +0.7% | +2.1% | -1.4% | 100% |
| Q3 2024 | +5.2% | +5.4% | -0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $12.6B | 706 |
| Q1 2026 | $9.6B | 612 |
| Q4 2025 | $11.3B | 654 |
| Q3 2025 | $11.1B | 700 |
| Q2 2025 | $10.2B | 738 |
| Q1 2025 | $8.9B | 909 |
| Q4 2024 | $9.5B | 747 |
| Q3 2024 | $5.8B | 571 |
| Q2 2024 | $6.1B | 632 |
| Q1 2024 | $5.3B | 720 |
| Q4 2023 | $4.7B | 735 |
| Q3 2023 | $4.3B | 742 |