Cardano Risk Management B.V portfolio
Pension or sovereign fundPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Oct 20, 2026 · data updated on Nov 5, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Cardano Risk Management B.V reported a $18.2 bn portfolio of 58 companies (59 positions, counting each share class separately) to the SEC as of the end of Q3 2026. Its largest positions are NVDA, AAPL, MSFT. During the quarter it opened Meta Platforms and Sandisk.
Sections with a free account
What changed this quarter
60 positions with a change (8 new, 50 added to, 1 trimmed, 1 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- NVIDIA+31%more sharesIncreased11.9% → 12.7%
- Apple+35%more sharesIncreased9.7% → 10.7%
- Alphabet+2.5 ppof portfolioIncreased9.1% → 8.7%
- Microsoft+33%more sharesIncreased7.0% → 9.1%
- Amazon.com+35%more sharesIncreased5.3% → 5.4%
- Broadcom+38%more sharesIncreased3.8% → 3.5%
- Meta Platforms+0.9 ppof portfolioNew— → 0.9%
- Sandisk+0.7 ppof portfolioNew— → 0.7%
- Tesla+42%more sharesIncreased2.8% → 2.4%
- Micron Technology+35%more sharesIncreased3.0% → 2.6%
- Walt Disney+0.6 ppof portfolioNew— → 0.6%
- Thermo Fisher Scientific+0.6 ppof portfolioNew— → 0.6%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- NVIDIANVDA12.7%
- AppleAAPL10.7%
- MicrosoftMSFT9.1%
- AlphabetGOOG · GOOGL8.7%
- Amazon.comAMZN5.4%
- BroadcomAVGO3.5%
- Micron TechnologyMU2.6%
- TeslaTSLA2.4%
- Advanced Micro DevicesAMD2.3%
- Eli LillyLLY2.2%
- JPMorgan ChaseJPM2.1%
- VisaV1.9%
- WelltowerWELL1.4%
- MastercardMA1.4%
- Costco WholesaleCOST1.3%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Information Technology 52%
- ● Communication Services 12%
- ● Financials 10%
- ● Consumer Discretionary 9%
- ● Health Care 6%
- ● Consumer Staples 3%
- ● Real Estate 3%
- ● Energy 2%
- ● Industrials 2%
- ● No sector 1%
How its portfolio changed (8 quarters)
Q3 2026: 59
Q3 2026: 58%
Q3 2026: 14.0%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q4 2025 ↗filed Feb 13, 2026Amendment of May 27, 2026 (replaces the original) ↗
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Not counted as a concentrated manager: it is a pension or sovereign fund; its 13F is the US slice of a global allocation. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
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