PFA Pension, Forsikringsaktieselskab portfolio
Pension or sovereign fundPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 12, 2026 · data updated on Nov 5, 2026 · Q2 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.
PFA Pension, Forsikringsaktieselskab reported a $39.4 bn portfolio of 418 companies (419 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are NVDA, AAPL, GOOGL.
Sections with a free account
What changed this quarter
392 positions with a change (60 new, 152 added to, 156 trimmed, 24 sold); also, 2 entered through a spin-off.
No moves of 0.5 points of the portfolio or more.
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
- NVIDIANVDA7.2%
- AppleAAPL6.5%
- AlphabetGOOGL · GOOG5.8%
- MicrosoftMSFT4.1%
- Amazon.comAMZN3.3%
- BroadcomAVGO2.7%
- Micron TechnologyMU2.0%
- Meta PlatformsMETA1.9%
- TeslaTSLA1.8%
- Advanced Micro DevicesAMD1.5%
- Eli LillyLLY1.5%
- JPMorgan ChaseJPM1.3%
- Applied MaterialsAMAT1.0%
- Johnson & JohnsonJNJ1.0%
- Lam ResearchLRCX1.0%
Portfolio by sector
- ● Information Technology 39%
- ● Financials 14%
- ● Communication Services 10%
- ● Consumer Discretionary 9%
- ● Health Care 9%
- ● Industrials 9%
- ● Consumer Staples 3%
- ● Materials 3%
- ● Utilities 2%
- ● Real Estate 2%
- ● Energy 1%
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 has fewer than 8 quarters of history; its portfolio is not within 5 to 100 positions; its top 10 positions are under 45%; 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.
- Viking Global InvestorsInvestment firm · $35.1 bn
- D1 Capital PartnersInvestment firm · $34.8 bn
- Eagle Capital ManagementInvestment firm · $32.7 bn
- Coatue ManagementInvestment firm · $48.6 bn
- TCI Fund ManagementInvestment firm · $52.8 bn
- Orbis Allan GrayInvestment firm · $29.1 bn