PFA Pension, Forsikringsaktieselskab

Pension

CIK

1730073

Location

COPENHAGEN, G7

Portfolio Value

Large $32,442,107,754

Diversification

Diversified

Filing Date

Global Rank

#195 / 8,622 — · as of Mar 2026

Top Industry

Semiconductors 13.1%

3Y Alpha vs SPY

+0.7%

Period ended 4 months ago

Filed Apr 28, 2026 · 3mo

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+10.6%

SPY

+9.0%

Annualised alpha

+3.9%

Max drawdown

−8.7%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 2 quarters. Past performance does not predict future results.

Portfolio Concentration

378 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.6%

−0.0 pts

Top 5

25.6%

−1.6 pts

Top 10

34.9%

−2.4 pts

HHI

189

Diversified−18

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	35.0%	$11,368,890,839	84
Financial Services	13.9%	$4,520,977,096	60
Consumer Cyclical	10.3%	$3,341,729,974	46
Healthcare	10.0%	$3,237,489,563	49
Industrials	9.0%	$2,935,135,320	55
Communication Services	8.8%	$2,842,793,049	20
Consumer Defensive	4.6%	$1,477,790,167	18
Basic Materials	3.4%	$1,092,003,348	20
Utilities	2.2%	$718,304,437	9
Real Estate	1.8%	$600,162,854	14
Energy	0.9%	$290,406,991	2
Unclassified	0.1%	$16,424,116	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
KVUE	Kenvue Inc.	+782,566	1,726,844	$29,770,790
SOFI	SoFi Technologies, Inc.	+446,638	1,160,021	$18,421,133
GLW	Corning Inc /Ny	+360,547	512,724	$69,715,082
F	Ford Motor Co	+223,469	2,130,927	$24,590,897
T	At&T Inc.	+214,980	5,295,587	$153,519,067
DD	DuPont de Nemours, Inc.	+210,823	451,687	$20,687,264
FLEX	Flex Ltd.	+185,143	443,564	$29,035,699
NVDA	Nvidia Corp	+169,583	14,225,087	$2,480,855,172
HEI	Heico Corp	+142,439	168,013	$46,069,164
APH	Amphenol Corp /De/	+131,563	791,003	$99,943,229
SPG	Simon Property Group Inc.	+131,315	282,001	$52,601,646
VZ	Verizon Communications Inc	+131,025	3,034,950	$152,354,490
BBY	Best Buy Co Inc	+109,253	134,915	$8,661,543
TTD	Trade Desk, Inc.	+106,985	449,122	$10,190,578
ED	Consolidated Edison Inc	+94,969	1,235,992	$139,889,574
APO	Apollo Global Management, Inc.	+88,627	365,597	$40,734,817
PCG	PG&E Corp	+80,314	198,368	$3,485,325
MCHP	Microchip Technology Inc	+78,941	247,664	$16,001,571
DAL	Delta Air Lines, Inc.	+72,330	218,551	$14,529,270
STX	Seagate Technology Holdings plc	+71,340	156,607	$61,352,358
KKR	KKR & Co. Inc.	+70,332	215,457	$19,929,772
P	Everpure, Inc.	+69,891	231,391	$13,661,324
INSM	INSMED Inc	+66,458	114,788	$18,770,133
MRVL	Marvell Technology, Inc.	+65,391	530,955	$52,591,092
TPR	Tapestry, Inc.	+64,811	221,859	$31,306,523
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KO	Coca Cola Co	−183,554	2,373,412	$180,497,982
CSCO	Cisco Systems, Inc.	−179,955	2,665,630	$206,826,231
PINS	Pinterest, Inc.	−151,351	1,164,572	$21,358,250
WRB	Berkley W R Corp	−130,085	791,287	$52,446,502
ABNB	Airbnb, Inc.	−95,846	319,819	$40,386,743
CAH	Cardinal Health Inc	−95,408	172,715	$36,496,406
PG	PROCTER & GAMBLE Co	−87,089	1,320,983	$190,802,784
HLT	Hilton Worldwide Holdings Inc.	−81,676	299,458	$91,059,188
MET	Metlife Inc	−81,546	939,942	$66,472,698
MCD	Mcdonalds Corp	−71,755	378,296	$117,570,613
SYF	Synchrony Financial	−70,300	931,877	$63,386,273
EXC	Exelon Corp	−63,710	2,662,807	$130,530,799
MRK	Merck & Co., Inc.	−52,607	1,467,839	$176,566,353
PYPL	PayPal Holdings, Inc.	−52,139	822,311	$37,193,126
EXPD	Expeditors International Of Washington Inc	−51,411	387,953	$55,566,508
NUE	Nucor Corp	−45,435	249,561	$42,200,765
CTSH	Cognizant Technology Solutions Corp	−44,831	960,330	$58,916,245
TJX	Tjx Companies Inc /De/	−42,235	630,570	$100,702,029
PNC	Pnc Financial Services Group, Inc.	−41,958	545,268	$113,464,818
CHRW	C. H. Robinson Worldwide, Inc.	−41,194	197,054	$32,724,757
LVS	Las Vegas Sands Corp	−40,111	125,460	$6,759,784
HST	Host Hotels & Resorts, Inc.	−38,983	681,538	$13,058,268
ADP	Automatic Data Processing Inc	−38,393	499,640	$101,516,855
SPGI	S&P Global Inc.	−31,822	209,359	$89,048,750
FOXA	Fox Corp	−31,791	883,642	$51,604,692
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 positions

Ticker	Company	Shares	Value
VSNT	Versant Media Group, Inc.	118,587	$4,390,090
EAT	Brinker International, Inc	19,758	$2,820,849
FTDR	Frontdoor, Inc.	50,317	$2,659,756
STRL	Sterling Infrastructure, Inc.	6,416	$2,613,044
BAH	Booz Allen Hamilton Holding Corp	33,148	$2,586,538
AON	Aon plc	6,769	$2,184,897
FTAI	FTAI Aviation Ltd.	8,285	$2,029,825
KTB	Kontoor Brands, Inc.	27,283	$1,917,722
ULS	UL Solutions Inc.	22,125	$1,896,333
AU	AngloGold Ashanti PLC	19,403	$1,889,076
HALO	Halozyme Therapeutics, Inc.	28,921	$1,869,164
BYD	Boyd Gaming Corp	22,612	$1,858,254
PRI	Primerica, Inc.	7,393	$1,851,798
MAS	Masco Corp /De/	29,933	$1,807,055
CLX	Clorox Co /De/	17,392	$1,802,332
EHC	Encompass Health Corp	18,347	$1,774,705
MNST	Monster Beverage Corp	23,880	$1,730,344
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
FCNCA	First Citizens Bancshares Inc /De/	1,460	$3,133,422
EIX	Edison International	39,190	$2,352,183
LUMN	Lumen Technologies, Inc.	275,662	$2,141,893
AGX	Argan Inc	6,182	$1,936,944
DY	Dycom Industries Inc	5,392	$1,821,956
DCI	DONALDSON Co INC	20,252	$1,795,542
BR	Broadridge Financial Solutions, Inc.	8,016	$1,788,930
DRI	Darden Restaurants Inc	9,675	$1,780,393
FG	F&G Annuities & Life, Inc.	39,494	$1,218,389
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

378 tracked positions · $32,442,107,754 total · filing declares 381 positions · $33,244,436,442 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 378 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	14,225,087	+169,583	$2,480,855,172	−5.4%	7.65%
AAPL	Apple Inc. Technology	Reduced	8,629,711	-9,558	$2,190,134,354	−6.8%	6.75%
MSFT	Microsoft Corp Technology	Reduced	4,119,349	-17,432	$1,524,859,419	−23.8%	4.70%
AMZN	Amazon Com Inc Consumer Cyclical	Added	5,374,012	+38,934	$1,119,245,479	−9.1%	3.45%
GOOGL	Alphabet Inc. Communication Services	Reduced	3,492,060	-976	$1,004,176,773	−8.2%	3.10%
AVGO	Broadcom Inc. Technology	Added	2,678,289	+34,706	$828,957,228	−9.4%	2.56%
META	Meta Platforms, Inc. Communication Services	Reduced	1,220,653	-1,651	$698,372,200	−13.4%	2.15%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	1,645,619	-583	$611,758,863	−17.4%	1.89%
JPM	Jpmorgan Chase & Co Financial Services	Added	1,468,243	+1,061	$431,898,360	−8.6%	1.33%
LLY	ELI LILLY & Co Healthcare	Added	463,041	+3,393	$425,891,220	−13.8%	1.31%
JNJ	Johnson & Johnson Healthcare	Added	1,503,351	+15,076	$367,479,118	+19.3%	1.13%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	679,966	-21,969	$325,839,707	−7.6%	1.00%
WMT	Walmart Inc. Consumer Defensive	Reduced	2,507,483	-878	$311,629,987	+11.5%	0.96%
V	Visa Inc. Financial Services	Added	980,129	+1,752	$296,234,188	−13.7%	0.91%
MA	Mastercard Inc Financial Services	Added	502,535	+1,422	$251,096,638	−12.2%	0.77%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	242,944	-3,532	$242,076,689	+13.9%	0.75%
ABBV	AbbVie Inc. Healthcare	Added	1,094,727	+41,241	$238,092,175	−1.1%	0.73%
NFLX	Netflix Inc Communication Services	Reduced	2,378,589	-711	$228,701,332	+2.5%	0.70%
MU	Micron Technology Inc Technology	Reduced	624,979	-6,284	$211,142,905	+17.2%	0.65%
LRCX	Lam Research Corp Technology	Reduced	982,050	-11,905	$209,824,803	+23.3%	0.65%
CSCO	Cisco Systems, Inc. Technology	Reduced	2,665,630	-179,955	$206,826,231	−5.6%	0.64%
AMD	Advanced Micro Devices Inc Technology	Reduced	976,087	-26,543	$198,565,378	−7.5%	0.61%
LIN	Linde PLC Basic Materials	Reduced	396,863	-217	$196,748,800	+16.2%	0.61%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	1,320,983	-87,089	$190,802,784	−5.4%	0.59%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	3,872,414	-1,305	$188,780,182	−11.4%	0.58%
GE	General Electric Co Industrials	Reduced	650,323	-438	$184,542,157	−7.9%	0.57%
KO	Coca Cola Co Consumer Defensive	Reduced	2,373,412	-183,554	$180,497,982	+1.0%	0.56%
PLTR	Palantir Technologies Inc. Technology	Reduced	1,227,560	-834	$179,567,476	−17.8%	0.55%
MRK	Merck & Co., Inc. Healthcare	Reduced	1,467,839	-52,607	$176,566,353	+10.3%	0.54%
AMAT	Applied Materials Inc /De Technology	Added	491,505	+26,178	$167,991,493	+40.5%	0.52%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	497,679	-154	$163,681,646	−4.4%	0.50%
GS	Goldman Sachs Group Inc Financial Services	Reduced	189,961	-113	$160,705,106	−3.8%	0.50%
BKR	Baker Hughes Co Energy	Reduced	2,580,263	-3,336	$157,525,056	+33.9%	0.49%
T	At&T Inc. Communication Services	Added	5,295,587	+214,980	$153,519,067	+21.6%	0.47%
VZ	Verizon Communications Inc Communication Services	Added	3,034,950	+131,025	$152,354,490	+28.8%	0.47%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	1,840,662	-616	$146,535,101	−14.6%	0.45%
ORCL	Oracle Corp Technology	Added	982,190	+57,402	$144,489,970	−19.8%	0.45%
GEV	GE Vernova Inc. Industrials	Added	164,704	+17,676	$143,770,121	+49.6%	0.44%
IBM	International Business Machines Corp Technology	Reduced	585,004	-187	$141,799,119	−18.2%	0.44%
KLAC	Kla Corp Technology	Reduced	95,458	-725	$140,553,313	+20.3%	0.43%
ED	Consolidated Edison Inc Utilities	Added	1,235,992	+94,969	$139,889,574	+23.4%	0.43%
C	Citigroup Inc Financial Services	Reduced	1,208,040	-443	$137,003,816	−2.8%	0.42%
HAL	Halliburton Co Energy	Reduced	3,408,103	-2,840	$132,881,935	+37.9%	0.41%
DIS	Walt Disney Co Communication Services	Added	1,367,364	+481	$131,786,542	−15.3%	0.41%
AXP	American Express Co Financial Services	Reduced	433,726	-13,120	$131,193,440	−20.6%	0.40%
EXC	Exelon Corp Utilities	Reduced	2,662,807	-63,710	$130,530,799	+9.8%	0.40%
PEP	Pepsico Inc Consumer Defensive	Added	825,702	+4,851	$128,223,263	+8.8%	0.40%
UNH	Unitedhealth Group Inc Healthcare	Reduced	472,733	-398	$127,916,822	−18.1%	0.39%
ATO	Atmos Energy Corp Utilities	Added	668,040	+29,001	$123,400,348	+15.2%	0.38%
NEE	Nextera Energy Inc Utilities	Reduced	1,305,502	-964	$121,255,025	+15.6%	0.37%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.