Institution

Nordea Investment Management AB

13F for the quarter to June 30, 2026, filed August 5, 2026 · SEC CIK 1218210

Reported value: $122.6bn
Positions we cover: 895
Copy, a year: +12.7%
Copy Sharpe ratio: 0.73

How copying its 13F would have done

CopyS&P 500 $10,000 copying Nordea Investment Management AB's filed holdings in companies we cover from July 19, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −31.1% (S&P 500 −31.8%); beta 0.95; alpha −0.5% a year (t = −0.71); last 12 months +13.1% against +12.1%.

Reported value by quarter

Nordea Investment Management AB: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$16.1B
2013-09-30	$17.9B
2013-12-31	$20.1B
2014-03-31	$21.4B
2014-06-30	$23.9B
2014-09-30	$25B
2014-12-31	$27.1B
2015-03-31	$27.8B
2015-06-30	$28.5B
2015-09-30	$27.1B
2015-12-31	$29.4B
2016-03-31	$33.2B
2016-06-30	$69.8B
2016-09-30	$38.6B
2016-12-31	$37.8B
2017-03-31	$37.8B
2017-06-30	$39.7B
2017-09-30	$41.6B
2017-12-31	$42.3B
2018-03-31	$41.8B
2018-06-30	$41.7B
2018-09-30	$94.2B
2018-12-31	$120.1B
2019-03-31	$48B
2019-06-30	$44.9B
2019-09-30	$45.9B
2019-12-31	$50.1B
2020-03-31	$41.5B
2020-06-30	$96.4B
2020-09-30	$53.3B
2020-12-31	$62.3B
2021-03-31	$68.9B
2021-06-30	$74.7B
2021-09-30	$76.9B
2021-12-31	$83.5B
2022-03-31	$79.7B
2022-06-30	$67.4B
2022-09-30	$61.8B
2022-12-31	$64.3T
2023-03-31	$68.6B
2023-06-30	$73.1B
2023-09-30	$72B
2023-12-31	$78.8B
2024-03-31	$84.6B
2024-06-30	$85.2B
2024-09-30	$88B
2024-12-31	$95.6B
2025-03-31	$94.7B
2025-06-30	$107.8B
2025-09-30	$114.2B
2025-12-31	$116.4B
2026-03-31	$107.2B
2026-06-30	$122.6B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	6.40%	$7.9bn	39.84M	−1.5% Reduced
AAPLApple Inc.	5.42%	$6.6bn	23.17M	+1.5% Added
MSFTMicrosoft Corporation	4.04%	$5.0bn	13.42M	−0.8% Reduced
AVGOBroadcom	2.93%	$3.6bn	9.60M	−5.2% Reduced
AMZNAmazon	2.87%	$3.5bn	14.79M	−2.9% Reduced
GOOGLAlphabet Inc. (Class A)	2.57%	$3.2bn	8.90M	−0.8% Reduced
MUMicron Technology	1.77%	$2.2bn	1.91M	−2.3% Reduced
LRCXLam Research	1.75%	$2.1bn	4.97M	−19.8% Reduced
AMDAdvanced Micro Devices	1.45%	$1.8bn	3.20M	−25.6% Reduced
LLYLilly (Eli)	1.45%	$1.8bn	1.48M	+1.1% Added
CSCOCisco	1.40%	$1.7bn	14.46M	−12.2% Reduced
AMATApplied Materials	1.19%	$1.5bn	2.00M	−2.1% Reduced
METAMeta Platforms	1.11%	$1.4bn	2.46M	+8.0% Added
JNJJohnson & Johnson	1.04%	$1.3bn	5.02M	+7.3% Added
JPMJPMorgan Chase	1.00%	$1.2bn	3.71M	+2.0% Added
ABBVAbbVie	0.98%	$1.2bn	4.81M	+9.6% Added
CCitigroup	0.95%	$1.2bn	8.25M	+0.8% Added
TJXTJX Companies	0.89%	$1.1bn	7.22M	+0.3%
MAMastercard	0.86%	$1.1bn	2.06M	−9.1% Reduced
FTNTFortinet	0.84%	$1.0bn	6.78M	−1.9% Reduced
TTTrane Technologies	0.81%	$992.6m	2.02M	−23.2% Reduced
GEVGE Vernova	0.76%	$928.2m	818.9K	+29.4% Added
DELLDell Technologies	0.76%	$925.6m	2.15M	−0.9% Reduced
AXPAmerican Express	0.73%	$890.0m	2.61M	+2.6% Added
WABWabtec	0.68%	$835.5m	3.09M	−13.0% Reduced
VVisa Inc.	0.68%	$828.5m	2.42M	−1.7% Reduced
AMGNAmgen	0.65%	$802.3m	2.24M	−11.1% Reduced
MRVLMarvell Technology	0.64%	$779.9m	2.65M	−23.2% Reduced
MCKMcKesson	0.61%	$752.9m	1.00M	+1.7% Added
NFLXNetflix	0.61%	$749.8m	10.38M	+4.5% Added
EMREmerson Electric	0.61%	$746.5m	5.21M	−12.9% Reduced
CRWDCrowdStrike	0.55%	$667.7m	883.9K	+3.2% Added
WMWaste Management	0.54%	$657.2m	2.96M	−14.7% Reduced
EBAYeBay Inc.	0.53%	$654.9m	5.95M	−10.6% Reduced
INTCIntel	0.53%	$654.2m	4.76M	+327.6% Added
GILDGilead Sciences	0.53%	$647.9m	5.15M	−2.1% Reduced
EQIXEquinix	0.51%	$628.9m	598.9K	+10.1% Added
EXCExelon	0.50%	$618.5m	13.23M	+28.6% Added
ROKRockwell Automation	0.50%	$607.9m	1.24M	+26.8% Added
HIGThe Hartford	0.49%	$605.7m	4.54M	+2.6% Added
ANETArista Networks	0.47%	$580.7m	3.44M	−15.3% Reduced
LINLinde plc	0.46%	$561.9m	1.09M	−42.5% Reduced
SNASnap-on	0.46%	$558.0m	1.39M	+1.4% Added
HCAHCA Healthcare	0.45%	$553.7m	1.43M	−1.2% Reduced
NEENextEra Energy	0.44%	$538.8m	6.14M	−17.7% Reduced
STLDSteel Dynamics	0.42%	$519.6m	2.25M	+1.5% Added
WFCWells Fargo	0.41%	$509.1m	6.11M	+1.6% Added
CFGCitizens Financial Group	0.41%	$509.0m	7.26M	−0.9% Reduced
UPSUnited Parcel Service	0.41%	$501.6m	4.72M	+8.5% Added
ECLEcolab	0.41%	$499.3m	1.79M	+1.9% Added
STTState Street Corporation	0.39%	$482.5m	2.84M	−0.7% Reduced
WELLWelltower	0.39%	$479.7m	2.10M	+3.4% Added
ZTSZoetis	0.39%	$471.7m	6.59M	+12.4% Added
NOWServiceNow	0.38%	$463.2m	4.75M	+18.4% Added
BMYBristol Myers Squibb	0.38%	$462.9m	8.05M	+296.1% Added
TSLATesla, Inc.	0.38%	$459.8m	1.11M	+2.9% Added
NEMNewmont	0.37%	$456.5m	4.92M	−4.7% Reduced
PANWPalo Alto Networks	0.37%	$452.1m	1.34M	−37.4% Reduced
MRKMerck & Co.	0.36%	$445.1m	3.50M	−58.9% Reduced
IRIngersoll Rand	0.36%	$444.7m	5.46M	+225.2% Added
NUENucor	0.36%	$439.5m	1.97M	+1.3% Added
SCHWCharles Schwab Corporation	0.36%	$436.5m	4.70M	+28.1% Added
VZVerizon	0.35%	$433.1m	10.27M	−3.6% Reduced
METMetLife	0.35%	$429.0m	5.04M	+5.1% Added
RCLRoyal Caribbean Group	0.34%	$420.5m	1.32M	−6.3% Reduced
IEXIDEX Corporation	0.34%	$419.0m	1.84M	−1.7% Reduced
KRKroger	0.34%	$413.8m	7.50M	+18.3% Added
SYFSynchrony Financial	0.34%	$411.0m	5.30M	+1.0% Added
CICigna	0.33%	$409.7m	1.48M	+15.8% Added
CGNXCognex Corp	0.33%	$407.4m	5.82M	−5.2% Reduced
CTASCintas	0.33%	$404.7m	2.40M	−12.5% Reduced
PNRPentair	0.33%	$402.0m	5.28M	+34.7% Added
GISGeneral Mills	0.33%	$401.7m	11.32M	+6.9% Added
PEPPepsiCo	0.33%	$401.0m	2.93M	−1.0% Reduced
KHCKraft Heinz	0.33%	$399.2m	16.57M	+8.3% Added
GEGE Aerospace	0.32%	$392.2m	1.05M	+26.9% Added
TELTE Connectivity	0.31%	$380.8m	1.89M	−0.6% Reduced
KOThe Coca-Cola Company	0.31%	$378.9m	4.63M	−14.6% Reduced
CORCencora	0.31%	$376.1m	1.34M	+2.4% Added
CRMSalesforce	0.29%	$358.6m	2.32M	−1.0% Reduced
DGDollar General	0.29%	$358.0m	3.09M	+89.3% Added
AMTAmerican Tower	0.29%	$354.8m	2.17M	+6.1% Added
JCIJohnson Controls	0.29%	$354.5m	2.43M	+1.9% Added
KMBKimberly-Clark	0.29%	$351.9m	3.23M	+9.9% Added
TGTTarget Corporation	0.28%	$349.8m	2.68M	+3.5% Added
KLACKLA Corporation	0.27%	$326.4m	1.10M	+625.8% Added
EMEEmcor	0.26%	$323.4m	393.2K	+0.6% Added
WMTWalmart	0.26%	$321.6m	2.83M	+3.5% Added
AAgilent Technologies	0.25%	$310.8m	2.37M	+0.2%
CAHCardinal Health	0.25%	$308.7m	1.30M	+95.7% Added
CEGConstellation Energy	0.25%	$303.0m	1.19M	−5.2% Reduced
CMICummins	0.24%	$296.6m	419.3K	+7.6% Added
WDCWestern Digital	0.24%	$295.3m	455.4K	+19.7% Added
RRXRegal Rexnord Corp	0.24%	$293.6m	1.29M	+9.7% Added
UBERUber	0.23%	$285.0m	3.88M	+23.8% Added
BKNGBooking Holdings	0.23%	$284.7m	1.58M	+1390.3% Added
CATCaterpillar Inc.	0.23%	$282.6m	264.7K	−3.1% Reduced
ZBRAZebra Technologies	0.23%	$277.4m	1.08M	−46.3% Reduced
CRHCRH plc	0.22%	$272.8m	2.53M	−7.0% Reduced
DHRDanaher Corporation	0.22%	$271.6m	1.43M	−19.6% Reduced
APTVAptiv	0.22%	$271.3m	4.52M	−3.7% Reduced
SFMSprouts Farmers Market, Inc.	0.22%	$271.3m	3.26M	−4.4% Reduced
RMDResMed\|	0.22%	$269.6m	1.39M	+34.3% Added
PWRQuanta Services	0.22%	$266.7m	372.8K	−3.9% Reduced
SYKStryker Corporation	0.22%	$264.4m	837.2K	+6.6% Added
AWKAmerican Water Works	0.21%	$263.5m	1.99M	−7.3% Reduced
LHLabcorp	0.21%	$254.7m	915.9K	−12.4% Reduced
FTVFortive	0.21%	$253.9m	4.17M	+157.1% Added
PGProcter & Gamble	0.21%	$253.7m	1.75M	−3.0% Reduced
VRTVertiv	0.21%	$253.4m	782.2K	+85.4% Added
TWLOTwilio Inc	0.21%	$253.2m	1.27M	+7.1% Added
DISThe Walt Disney Company	0.20%	$250.6m	2.60M	+4.7% Added
LKQLKQ Corp	0.20%	$250.4m	9.61M	−21.6% Reduced
MASMasco	0.20%	$249.9m	3.09M	−31.4% Reduced
RSGRepublic Services	0.20%	$249.4m	1.17M	−45.9% Reduced
SWSmurfit Westrock	0.20%	$247.2m	5.42M	−9.9% Reduced
HWMHowmet Aerospace	0.20%	$245.3m	911.9K	−2.3% Reduced
CVSCVS Health	0.20%	$244.0m	2.37M	−42.5% Reduced
PRUPrudential Financial	0.20%	$242.1m	2.23M	+1.3% Added
WSMWilliams-Sonoma, Inc.	0.20%	$241.3m	1.03M	+15.0% Added
ADBEAdobe Inc.	0.19%	$230.8m	1.13M	+1.2% Added
SBACSBA Communications	0.19%	$228.3m	1.30M	+2.7% Added
REGNRegeneron Pharmaceuticals	0.18%	$227.4m	363.5K	+285.4% Added
DLTRDollar Tree	0.18%	$227.1m	1.88M	+14.1% Added
MCOMoody's Corporation	0.18%	$226.9m	499.1K	−10.6% Reduced
SNPSSynopsys Inc	0.18%	$225.9m	509.7K	−39.0% Reduced
MTZMastec Inc	0.18%	$225.5m	529.5K	−27.8% Reduced
TRVThe Travelers Companies	0.18%	$224.7m	676.7K	+173.4% Added
AMEAmetek	0.18%	$223.1m	919.9K	+2.4% Added
GSGoldman Sachs	0.18%	$215.6m	212.4K	−3.9% Reduced
RDDTReddit, Inc.	0.17%	$213.5m	1.25M	+7.2% Added
MSMorgan Stanley	0.17%	$205.9m	983.1K	+0.8% Added
INTUIntuit	0.17%	$202.3m	776.4K	+33.5% Added
MTDMettler Toledo	0.16%	$199.6m	157.6K	+0.9% Added
CBOECboe Global Markets	0.16%	$199.3m	830.9K	−8.1% Reduced
OCOwens Corning	0.16%	$198.7m	1.26M	+11.4% Added
EXPDExpeditors International	0.16%	$198.2m	1.22M	+75.4% Added
WTRGEssential Utilities, Inc.	0.16%	$197.0m	5.12M	−31.6% Reduced
DYDycom Industries Inc	0.16%	$194.2m	380.6K	−20.3% Reduced
SPOTSpotify Technology S.a.	0.16%	$193.0m	423.6K	−3.7% Reduced
MSCIMSCI	0.15%	$187.6m	337.8K	−1.1% Reduced
HBANHuntington Bancshares	0.15%	$187.3m	10.53M	+1849.0% Added
ADIAnalog Devices	0.15%	$183.5m	464.1K	+7.3% Added
HSYThe Hershey Company	0.15%	$182.6m	1.03M	+370.7% Added
GPNGlobal Payments	0.15%	$181.1m	2.59M	−13.4% Reduced
NTNXNutanix, Inc.	0.15%	$179.1m	3.52M	+5.9% Added
ILMNIllumina, Inc.	0.14%	$177.9m	1.01M	+2.6% Added
DEDeere & Company	0.14%	$177.2m	281.9K	−20.1% Reduced
XELXcel Energy	0.14%	$168.6m	2.08M	−1.1% Reduced
USBU.S. Bancorp	0.14%	$168.5m	2.77M	+0.9% Added

Company	Bought (value)	Shares
INTCIntel	$501.2m	3.65M
BMYBristol Myers Squibb	$346.0m	6.02M
IRIngersoll Rand	$307.9m	3.78M
KLACKLA Corporation	$281.5m	951.9K
BKNGBooking Holdings	$265.6m	1.47M
GEVGE Vernova	$210.8m	186.0K
HBANHuntington Bancshares	$177.7m	9.99M
DGDollar General	$168.9m	1.46M
REGNRegeneron Pharmaceuticals	$168.4m	269.2K
FTVFortive	$155.2m	2.55M
CAHCardinal Health	$150.9m	634.4K
HSYThe Hershey Company	$143.8m	809.1K
TRVThe Travelers Companies	$142.5m	429.2K
EXCExelon	$137.7m	2.94M
FNFabrinet	$135.3m	243.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
MRKMerck & Co.	−$638.3m	−5.02M
AMDAdvanced Micro Devices	−$613.5m	−1.10M
LRCXLam Research	−$528.2m	−1.22M
LINLinde plc	−$415.6m	−802.7K
TTTrane Technologies	−$300.5m	−610.7K
PANWPalo Alto Networks	−$270.5m	−804.1K
DASHDoorDash	−$262.9m	−1.41M
BDXBecton Dickinson	−$248.1m	−1.65M
ZBRAZebra Technologies	−$239.2m	−934.2K
CSCOCisco	−$239.2m	−2.02M
MRVLMarvell Technology	−$235.1m	−799.3K
AFLAflac	−$223.7m	−1.88M
AKAMAkamai Technologies	−$222.8m	−1.89M
RSGRepublic Services	−$211.6m	−992.9K
AVGOBroadcom	−$196.3m	−523.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
FSLYFastly, Inc.	$56.0m	2.06M
LUVSouthwest Airlines	$39.1m	1.08M
DKNGDraftkings Inc.	$38.0m	1.79M
SPSCSPS Commerce Inc	$30.0m	537.9K
MZTIMarzetti Co	$28.1m	200.4K
ZDZiff Davis, Inc.	$24.7m	595.0K
HRHealthcare Realty Trust Inc	$23.9m	1.42M
WDFCWD 40 Co	$20.6m	100.9K
ARMKAramark	$11.4m	285.0K
CZRCaesars Entertainment, Inc.	$10.6m	404.9K
WYNNWynn Resorts	$10.4m	105.8K
MTNVail Resorts Inc	$9.8m	77.2K
BDNBrandywine Realty Trust	$8.1m	3.10M
YMMFull Truck Alliance Co. Ltd.	$7.9m	972.2K
RVTYRevvity	$7.6m	88.2K
LZBLa-z-boy Inc	$7.3m	229.4K
AVAAvista Corp	$6.6m	165.9K
REXRRexford Industrial Realty, Inc.	$5.8m	180.6K
USFDUS Foods Holding Corp.	$5.6m	61.9K
DTMDT Midstream, Inc.	$4.9m	36.4K
ROCKGibraltar Industries, Inc.	$4.6m	117.5K
FVRRFiverr International Ltd.	$4.5m	457.5K
ARQTArcutis Biotherapeutics, Inc.	$4.4m	192.9K
TECHBio-Techne	$4.4m	85.0K
MNDYMonday.com Ltd.	$3.9m	57.2K
PAYOPayoneer Global Inc.	$3.7m	768.2K
PIImpinj Inc	$3.6m	37.6K
DNOWDnow Inc.	$3.3m	281.6K
TGTXTG Therapeutics, Inc.	$2.6m	79.0K
COMPCompass, Inc.	$2.5m	362.2K

Technology38.1%
Industrials12.9%
Health Care11.6%
Financials11.0%
Consumer Discretionary7.7%
Communication Services5.9%
Consumer Staples4.4%
Materials3.3%
Utilities2.4%
Real Estate1.9%
Energy0.8%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestJuly 19, 2013 to November 2, 2026	+12.7%	+13.8%	0.73	0.77	−31.1%	0.95
2018 onwardsJanuary 5, 2018 to November 2, 2026	+12.6%	+13.9%	0.61	0.66	−31.1%	0.95
Last three yearsNovember 3, 2023 to November 2, 2026	+19.0%	+21.8%	1.06	1.16	−15.3%	0.91
Last yearNovember 7, 2025 to November 2, 2026	+15.4%	+14.2%	0.98	0.84	−8.4%	0.91

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.