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PFA Pension, Forsikringsaktieselskab — 13F Holdings & Portfolio

CIK 1730073 · latest 13F-HR filed 2026-08-12

Backtest portfolio

PFA Pension, Forsikringsaktieselskab manages $39.40B in 13F-reported U.S. long-equity assets across 419 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (7.23%), AAPL (6.54%), MSFT (4.09%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 65 new positions and exited 27; 176 existing positions rose in reported value and 138 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$39.40B

Long-equity book

Holdings
419

Distinct positions

Period
2026-06-30

Filed 2026-08-12

Q/Q Activity
+65 / −27 / ↑176 / ↓138

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NVDA7.2% · 0%AAPL6.5% · +3%MSFT4.1% · +5%AMZN3.3% · -0%GOOGL3.2% · +2%AVGO2.7% · +3%GOOG2.6% · +3%MU2.0% · +7%META1.9% · +8%TSLA1.8% · +0%AMD1.5% · +2%LLY1.5% · +4%JPM1.3% · +6%AMAT1.0% · +14%JNJ1.0% · +6%LRCX1.0% · -6%INTC0.9% · +1%V0.9% · +6%CSCO0.9% · +12%BRK.B0.9% · -0%WMT0.8% · +7%ABBV0.8% · +8%KLAC0.7% · +889%MA0.7% · +10%COST0.6% · +8%GE0.6% · -0%BAC0.6% · -0%UNH0.5% · +3%GS0.5% · +2%GEV0.5% · -3%NFLX0.5% · +9%IBM0.5% · +11%LIN0.5% · -12%MRVL0.4% · +12%HD0.4% · -0%TXN0.4% · +22%MRK0.4% · -9%WDC0.4% · -17%PLTR0.4% · +6%AXP0.4% · +3%STX0.4% · -2%MS0.4% · +9%ED0.4% · +7%VZ0.4% · +14%ORCL0.4% · +2%C0.4% · -14%APH0.4% · +5%CB0.4% · +62%T0.3% · +26%DIS0.3% · +1%AMGN0.3% · +10%AME0.3% · +102%PNC0.3% · -3%ADI0.3% · +8%PEP0.3% · +15%GLW0.3% · -2%SCHW0.3% · +24%BMY0.3% · +32%BKR0.3% · -15%ANET0.3% · +10%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 35.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 176 →

Top Trims

Show all 138 →

New Positions

Show all 65 →

Exited Positions

Show all 27 →

PFA Pension, Forsikringsaktieselskab Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORPORATION NVDA 67066G104 $2.85B 7.23% 14,230,364 SH
2 APPLE INC AAPL 037833100 $2.58B 6.54% 8,905,195 SH
3 MICROSOFT CORP MSFT 594918104 $1.61B 4.09% 4,320,933 SH
4 AMAZON COM INC AMZN 023135106 $1.28B 3.25% 5,373,533 SH
5 ALPHABET INC GOOGL 02079K305 $1.27B 3.23% 3,565,619 SH
6 BROADCOM INC AVGO 11135F101 $1.04B 2.65% 2,764,447 SH
7 ALPHABET INC GOOG 02079K107 $1.01B 2.57% 2,860,469 SH
8 MICRON TECHNOLOGY INC MU 595112103 $774.5M 1.97% 671,006 SH
9 META PLATFORMS INC META 30303M102 $741.0M 1.88% 1,315,407 SH
10 TESLA INC TSLA 88160R101 $694.0M 1.76% 1,649,953 SH
11 ADVANCED MICRO DEVICES INC AMD 007903107 $580.6M 1.47% 999,509 SH
12 ELI LILLY & CO LLY 532457108 $579.5M 1.47% 483,132 SH
13 JPMORGAN CHASE & CO JPM 46625H100 $506.9M 1.29% 1,548,625 SH
14 APPLIED MATLS INC AMAT 038222105 $405.7M 1.03% 561,108 SH
15 JOHNSON & JOHNSON JNJ 478160104 $403.7M 1.02% 1,589,422 SH
16 LAM RESEARCH CORP LRCX 512807306 $401.4M 1.02% 926,200 SH
17 INTEL CORP INTC 458140100 $359.7M 0.91% 2,576,450 SH
18 VISA INC V 92826C839 $356.4M 0.90% 1,038,666 SH
19 CISCO SYS INC CSCO 17275R102 $350.9M 0.89% 2,987,798 SH
20 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $339.2M 0.86% 677,815 SH
21 WALMART INC WMT 931142103 $303.8M 0.77% 2,682,606 SH
22 ABBVIE INC ABBV 00287Y109 $296.0M 0.75% 1,176,312 SH
23 KLA CORP KLAC 482480100 $284.8M 0.72% 943,968 SH
24 MASTERCARD INCORPORATED MA 57636Q104 $284.4M 0.72% 553,758 SH
25 COSTCO WHOLESALE CORPORATION COST 22160K105 $245.6M 0.62% 262,499 SH
26 GE AEROSPACE GE 369604301 $242.9M 0.62% 650,047 SH
27 BANK OF AMER CORP BAC 060505104 $220.5M 0.56% 3,870,171 SH
28 UNITEDHEALTH GROUP INC UNH 91324P102 $202.2M 0.51% 486,515 SH
29 GOLDMAN SACHS GROUP INC GS 38141G104 $196.2M 0.50% 194,037 SH
30 GE VERNOVA INC GEV 36828A101 $188.0M 0.48% 160,026 SH
31 NETFLIX INC. NFLX 64110L106 $184.6M 0.47% 2,584,761 SH
32 INTERNATIONAL BUSINESS MACHS IBM 459200101 $182.6M 0.46% 649,499 SH
33 LINDE PLC LIN G54950103 $181.0M 0.46% 348,745 SH
34 MARVELL TECHNOLOGY INC MRVL 573874104 $176.5M 0.45% 592,359 SH
35 HOME DEPOT INC HD 437076102 $175.5M 0.45% 497,542 SH
36 TEXAS INSTRS INC TXN 882508104 $174.2M 0.44% 584,338 SH
37 MERCK & CO INC MRK 58933Y105 $172.4M 0.44% 1,341,298 SH
38 WESTERN DIGITAL CORP WDC 958102105 $168.7M 0.43% 264,071 SH
39 PALANTIR TECHNOLOGIES INC PLTR 69608A108 $151.8M 0.39% 1,301,018 SH
40 AMERICAN EXPRESS CO AXP 025816109 $151.3M 0.38% 447,278 SH
41 SEAGATE TECHNOLOGY HLDNGS PL STX G7997R103 $148.4M 0.38% 153,812 SH
42 MORGAN STANLEY MS 617446448 $147.2M 0.37% 704,213 SH
43 CONSOLIDATED EDISON INC ED 209115104 $146.6M 0.37% 1,325,484 SH
44 VERIZON COMMUNICATIONS INC VZ 92343V104 $146.5M 0.37% 3,460,311 SH
45 ORACLE CORP ORCL 68389X105 $146.4M 0.37% 998,810 SH
46 CITIGROUP INC C 172967424 $146.0M 0.37% 1,043,363 SH
47 AMPHENOL CORP APH 032095101 $145.9M 0.37% 827,452 SH
48 CHUBB LIMITED CB H1467J104 $138.1M 0.35% 405,315 SH
49 AT&T INC T 00206R102 $137.8M 0.35% 6,658,986 SH
50 DISNEY WALT CO DIS 254687106 $133.4M 0.34% 1,386,158 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-12 $39.40B 419 0001730073-26-000009
2026-03-31 2026-04-28 $33.24B 381 0001730073-26-000008
2025-12-31 2026-02-02 $35.25B 373 0001730073-26-000007
Filer Information
Address
SUNDKROGSGADE 4
COPENHAGEN 2100
Phone
004570125000
Filing Manager
PFA Pension, Forsikringsaktieselskab
COPENHAGEN, G7
Signatory
Ulrik Lindow Soerensen
Head of Legal Investments