# PensionDanmark Pensionsforsikringsaktieselskab

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1897090. Source: https://holderbook.com/funds/1897090-pensiondanmark-pensionsforsikringsaktieselskab/

- Reported value: $12.0B
- Positions: 590
- Weight of the ten largest: 37.4%
- Filed: 2026-07-08

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/) | $928.2M | 4,638,748 | 7.7% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $839.8M | 2,902,190 | 7.0% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $529.5M | 1,419,491 | 4.4% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $453.2M | 1,901,634 | 3.8% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $380.8M | 1,065,521 | 3.2% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $365.5M | 1,034,533 | 3.0% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $327.0M | 865,698 | 2.7% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $252.1M | 218,417 | 2.1% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $244.6M | 434,173 | 2.0% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $183.5M | 315,846 | 1.5% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $180.3M | 550,820 | 1.5% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $179.2M | 149,389 | 1.5% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $131.5M | 181,875 | 1.1% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $120.8M | 241,432 | 1.0% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $117.2M | 461,491 | 1.0% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $116.4M | 268,636 | 1.0% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $109.2M | 782,422 | 0.9% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $107.0M | 311,868 | 0.9% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $88.7M | 754,963 | 0.7% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $86.4M | 1,517,136 | 0.7% | 3 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $86.4M | 286,464 | 0.7% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $85.4M | 339,179 | 0.7% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $84.5M | 164,539 | 0.7% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $83.7M | 223,915 | 0.7% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $83.2M | 88,952 | 0.7% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $78.1M | 187,803 | 0.6% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $74.4M | 448,547 | 0.6% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $68.1M | 67,320 | 0.6% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $67.2M | 458,585 | 0.6% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $65.5M | 806,075 | 0.5% | 3 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $65.5M | 55,711 | 0.5% | 3 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $61.0M | 321,443 | 0.5% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $60.8M | 851,335 | 0.5% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $59.5M | 462,927 | 0.5% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $59.5M | 424,914 | 0.5% | 3 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $55.8M | 266,962 | 0.5% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $54.2M | 153,764 | 0.5% | 3 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $52.6M | 186,873 | 0.4% | 3 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $51.0M | 616,574 | 0.4% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $49.4M | 165,824 | 0.4% | 3 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $48.7M | 417,348 | 0.4% | 3 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $48.3M | 273,788 | 0.4% | 3 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $48.0M | 161,134 | 0.4% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $46.0M | 313,584 | 0.4% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $45.7M | 337,497 | 0.4% | 3 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $45.1M | 70,556 | 0.4% | 3 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $44.9M | 175,776 | 0.4% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $42.2M | 123,850 | 0.4% | 3 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $39.2M | 108,300 | 0.3% | 3 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $38.7M | 217,143 | 0.3% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $38.1M | 206,011 | 0.3% | 3 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $38.0M | 223,777 | 0.3% | 3 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $38.0M | 250,757 | 0.3% | 3 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $37.9M | 95,519 | 0.3% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $36.1M | 106,801 | 0.3% | 3 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $34.1M | 68,031 | 0.3% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $33.6M | 124,355 | 0.3% | 3 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $33.6M | 162,096 | 0.3% | 3 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $32.7M | 479,440 | 0.3% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $32.2M | 42,137 | 0.3% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $32.1M | 757,212 | 0.3% | 3 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $31.4M | 545,224 | 0.3% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $31.1M | 342,554 | 0.3% | 3 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $30.8M | 1,489,387 | 0.3% | 3 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $30.1M | 326,492 | 0.3% | 3 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $30.0M | 30,622 | 0.2% | 3 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $29.9M | 310,180 | 0.2% | 3 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $29.6M | 189,033 | 0.2% | 3 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $29.5M | 233,799 | 0.2% | 3 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $29.3M | 240,904 | 0.2% | 3 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $28.5M | 394,939 | 0.2% | 3 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $28.4M | 131,149 | 0.2% | 3 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $27.1M | 167,139 | 0.2% | 3 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $26.9M | 54,094 | 0.2% | 3 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $26.7M | 67,208 | 0.2% | 3 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $26.0M | 1,079,875 | 0.2% | 3 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $25.8M | 190,461 | 0.2% | 3 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $25.8M | 59,696 | 0.2% | 3 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $25.8M | 280,937 | 0.2% | 3 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $25.6M | 134,442 | 0.2% | 3 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $25.6M | 222,010 | 0.2% | 3 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $25.5M | 93,630 | 0.2% | 3 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $25.3M | 115,603 | 0.2% | 3 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $25.0M | 51,712 | 0.2% | 3 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $24.9M | 25,906 | 0.2% | 3 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $24.9M | 23,854 | 0.2% | 3 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $24.6M | 407,457 | 0.2% | 3 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $24.5M | 60,197 | 0.2% | 3 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $24.3M | 34,062 | 0.2% | 3 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $24.1M | 106,240 | 0.2% | 3 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $23.9M | 241,141 | 0.2% | 3 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $23.9M | 119,297 | 0.2% | 3 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $23.3M | 30,850 | 0.2% | 3 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $22.7M | 219,730 | 0.2% | 3 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $22.7M | 82,261 | 0.2% | 3 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $22.7M | 198,256 | 0.2% | 3 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $22.4M | 66,924 | 0.2% | 3 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $22.2M | 144,787 | 0.2% | 3 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $22.2M | 57,429 | 0.2% | 3 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $22.1M | 34,847 | 0.2% | 3 |

## 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 | +14.9% | +14.8% | +0.1% | 100% |
| Q1 2026 | -6.1% | -4.6% | -1.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $12.0B | 590 |
| Q1 2026 | $10.3B | 618 |
| Q4 2025 | $11.0B | 619 |