Maj Invest A/s 13F annual report
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.
$3.6 billion Assets Under Management (AUM)
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.
Careers at Maj Invest A/s
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.
Recent trades
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.
One of the smallest hedge funds
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.
Marianne Settnes investment strategy
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.
The complete list of Maj Invest A/s trades based on 13F SEC filings
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 | |||
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