Maj Invest A/s is an investment fund managing more than $3.6 billion ran by Marianne Settnes. There are currently 37 companies in Mrs. Settnes’s portfolio. The largest investments include Alphabet Inc and American Express Co, together worth $482 million.
As of 9th July 2024, Maj Invest A/s’s top holding is 1,327,069 shares of Alphabet Inc currently worth over $242 million and making up 6.7% of the portfolio value.
Relative to the number of outstanding shares of Alphabet Inc, Maj Invest A/s owns more than approximately 0.1% of the company.
In addition, the fund holds 1,035,755 shares of American Express Co worth $240 million, whose value grew 34.8% in the past six months.
The third-largest holding is Goldman Sachs worth $235 million and the next is Kroger Co worth $219 million, with 4,395,212 shares owned.
Currently, Maj Invest A/s's portfolio is worth at least $3.6 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Maj Invest A/s office and employees reside in Copenhagen K, Denmark. According to the last 13-F report filed with the SEC, Marianne Settnes serves as the Managing Director and General Counsel at Maj Invest A/s.
In the most recent 13F filing, Maj Invest A/s revealed that it had opened a new position in
Elevance Health Inc and bought 320,659 shares worth $174 million.
The investment fund also strengthened its position in Kroger Co by buying
1,141,029 additional shares.
This makes their stake in Kroger Co total 4,395,212 shares worth $219 million.
Kroger Co dropped approximately 0.1% in the past year.
On the other hand, there are companies that Maj Invest A/s is getting rid of from its portfolio.
Maj Invest A/s closed its position in Tractor Supply Co on 16th July 2024.
It sold the previously owned 328,781 shares for $86.1 million.
Marianne Settnes also disclosed a decreased stake in Alphabet Inc by 0.2%.
This leaves the value of the investment at $242 million and 1,327,069 shares.
The two most similar investment funds to Maj Invest A/s are Aspex Management (hk) Ltd and Lehman Brothers. They manage $3.59 billion and $3.58 billion respectively.
Maj Invest A/s’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Technology — making up 26.7% of
the total portfolio value.
The fund focuses on investments in the United States as
67.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
70% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $203 billion.
These positions were updated on July 16th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Alphabet Inc |
19.39%
1,327,069
|
$241,725,000 | 6.72% |
| American Express Co. |
4.98%
1,035,755
|
$239,829,000 | 6.67% |
| Goldman Sachs Group, Inc. |
13.34%
520,076
|
$235,241,000 | 6.54% |
| Kroger Co. |
35.06%
4,395,212
|
$219,456,000 | 6.10% |
| HP Inc |
4.22%
6,016,308
|
$210,692,000 | 5.86% |
| CSX Corp. |
3.53%
6,191,198
|
$207,095,000 | 5.76% |
| Autozone Inc. |
52.96%
65,219
|
$193,315,000 | 5.38% |
| Packaging Corp Amer |
4.91%
1,056,293
|
$192,839,000 | 5.36% |
| Lowes Cos Inc |
4.94%
862,727
|
$190,200,000 | 5.29% |
| Meta Platforms Inc |
23.02%
372,436
|
$187,789,000 | 5.22% |
| Elevance Health Inc |
Opened
320,659
|
$173,753,000 | 4.83% |
| Cigna Group (The) |
36.29%
504,120
|
$166,646,000 | 4.64% |
| KLA Corp. |
26.24%
187,338
|
$154,461,000 | 4.30% |
| Union Pac Corp |
4.27%
673,896
|
$152,473,000 | 4.24% |
| Berkshire Hathaway Inc. |
14.33%
358,243
|
$145,735,000 | 4.05% |
| Newmont Corp |
296.00%
3,427,313
|
$143,502,000 | 3.99% |
| Aflac Inc. |
6.18%
1,435,278
|
$128,186,000 | 3.57% |
| Johnson & Johnson |
18.72%
794,595
|
$116,136,000 | 3.23% |
| Micron Technology Inc. |
43.28%
834,279
|
$109,735,000 | 3.05% |
| Tractor Supply Co. |
Closed
328,781
|
$86,051,000 | |
| United Parcel Service, Inc. |
Opened
464,779
|
$63,604,000 | 1.77% |
| Service Corp Intl |
4.16%
815,919
|
$58,035,000 | 1.61% |
| Teradyne, Inc. |
4.23%
353,402
|
$52,404,000 | 1.46% |
| Barrick Gold Corp. |
92.55%
491,841
|
$8,204,000 | 0.23% |
| Intel Corp. |
2.57%
88,460
|
$2,740,000 | 0.08% |
| Visa Inc |
No change
750
|
$197,000 | 0.01% |
| Texas Instrs Inc |
No change
650
|
$126,000 | 0.00% |
| Moderna Inc |
No change
990
|
$118,000 | 0.00% |
| Unitedhealth Group Inc |
No change
222
|
$113,000 | 0.00% |
| Pfizer Inc. |
Opened
4,000
|
$112,000 | 0.00% |
| Rockwell Automation Inc |
No change
400
|
$110,000 | 0.00% |
| Us Bancorp Del |
No change
2,500
|
$99,000 | 0.00% |
| Sony Group Corp |
No change
1,100
|
$93,000 | 0.00% |
| IAC Inc |
Closed
1,400
|
$75,000 | |
| Baidu Inc |
No change
850
|
$74,000 | 0.00% |
| Jinkosolar Hldg Co Ltd |
No change
3,200
|
$66,000 | 0.00% |
| Sunrun Inc |
No change
4,700
|
$56,000 | 0.00% |
| CVS Health Corp |
No change
540
|
$32,000 | 0.00% |
| Bath & Body Works Inc |
No change
479
|
$19,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 39 holdings | |||