PFA Pension, Forsikringsaktieselskab
PensionCIK
1730073
Location
COPENHAGEN, G7
Portfolio Value
Large
$32,207,428,288
Diversification
Diversified
Filing Date
Global Rank
#196
/ 8,608
▼ 1
· as of Mar 2026
Top Industry
Semiconductors
13.2%
3Y Alpha vs SPY
+0.7%
Period ended 3 months ago
Filed Apr 28, 2026 · 3mo
2 quarters · since Dec 2025
Clone Performance
Feb 2026–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+11.1%
SPY
+11.0%
Annualised alpha
+0.2%
Max drawdown
−8.7%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
378 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
7.7%
−0.0 pts
Top 5
25.8%
−1.6 pts
Top 10
35.1%
−2.5 pts
HHI
191
Diversified−19
Portfolio Trend
2 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 34.8% | $11,202,735,009 |
| Financial Services | 14.0% | $4,516,175,035 |
| Consumer Cyclical | 10.1% | $3,247,349,590 |
| Healthcare | 10.1% | $3,237,489,563 |
| Industrials | 9.1% | $2,924,419,600 |
| Communication Services | 8.8% | $2,842,793,049 |
| Consumer Defensive | 4.6% | $1,477,790,167 |
| Basic Materials | 3.5% | $1,133,377,877 |
| Utilities | 2.2% | $718,304,437 |
| Real Estate | 1.9% | $600,162,854 |
| Energy | 0.9% | $290,406,991 |
| Unclassified | 0.1% | $16,424,116 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | $62,061,793 | |
| 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 | Open |
|---|---|---|---|---|---|
| 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 | $84,246,689 | |
| 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
378 positions ·
$32,207,428,288 total
· 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 | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Added | 14,225,087 | $2,480,855,172 | 7.70% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 8,629,711 | $2,190,134,354 | 6.80% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 4,119,349 | $1,524,859,419 | 4.73% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 5,374,012 | $1,119,245,479 | 3.48% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 3,492,060 | $1,004,176,773 | 3.12% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 2,678,289 | $828,957,228 | 2.57% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 1,220,653 | $698,372,200 | 2.17% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Reduced | 1,645,619 | $611,758,863 | 1.90% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 1,468,243 | $431,898,360 | 1.34% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 463,041 | $425,891,220 | 1.32% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 1,503,351 | $367,479,118 | 1.14% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 679,966 | $325,839,707 | 1.01% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 2,507,483 | $311,629,987 | 0.97% | |
| V |
Visa Inc.
Financial Services
|
Added | 980,129 | $296,234,188 | 0.92% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 502,535 | $251,096,638 | 0.78% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Reduced | 242,944 | $242,076,689 | 0.75% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 1,094,727 | $238,092,175 | 0.74% | |
| NFLX |
Netflix Inc
Communication Services
|
Reduced | 2,378,589 | $228,701,332 | 0.71% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 624,979 | $211,142,905 | 0.66% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 982,050 | $209,824,803 | 0.65% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 2,665,630 | $206,826,231 | 0.64% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Reduced | 976,087 | $198,565,378 | 0.62% | |
| LIN |
Linde PLC
Basic Materials
|
Reduced | 396,863 | $196,748,800 | 0.61% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 1,320,983 | $190,802,784 | 0.59% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Reduced | 3,872,414 | $188,780,182 | 0.59% | |
| GE |
General Electric Co
Industrials
|
Reduced | 650,323 | $184,542,157 | 0.57% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 2,373,412 | $180,497,982 | 0.56% | |
| PLTR |
Palantir Technologies Inc.
Technology
|
Reduced | 1,227,560 | $179,567,476 | 0.56% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Reduced | 1,467,839 | $176,566,353 | 0.55% | |
| AMAT |
Applied Materials Inc /De
Technology
|
Added | 491,505 | $167,991,493 | 0.52% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 497,679 | $163,681,646 | 0.51% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Reduced | 189,961 | $160,705,106 | 0.50% | |
| BKR |
Baker Hughes Co
Energy
|
Reduced | 2,580,263 | $157,525,056 | 0.49% | |
| T |
At&T Inc.
Communication Services
|
Added | 5,295,587 | $153,519,067 | 0.48% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Added | 3,034,950 | $152,354,490 | 0.47% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Reduced | 1,840,662 | $146,535,101 | 0.45% | |
| ORCL |
Oracle Corp
Technology
|
Added | 982,190 | $144,489,970 | 0.45% | |
| GEV |
GE Vernova Inc.
Industrials
|
Added | 164,704 | $143,770,121 | 0.45% | |
| IBM |
International Business Machines Corp
Technology
|
Reduced | 585,004 | $141,799,119 | 0.44% | |
| ED |
Consolidated Edison Inc
Utilities
|
Added | 1,235,992 | $139,889,574 | 0.43% | |
| C |
Citigroup Inc
Financial Services
|
Reduced | 1,208,040 | $137,003,816 | 0.43% | |
| HAL |
Halliburton Co
Energy
|
Reduced | 3,408,103 | $132,881,935 | 0.41% | |
| DIS |
Walt Disney Co
Communication Services
|
Added | 1,367,364 | $131,786,542 | 0.41% | |
| AXP |
American Express Co
Financial Services
|
Reduced | 433,726 | $131,193,440 | 0.41% | |
| EXC |
Exelon Corp
Utilities
|
Reduced | 2,662,807 | $130,530,799 | 0.41% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 825,702 | $128,223,263 | 0.40% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Reduced | 472,733 | $127,916,822 | 0.40% | |
| ATO |
Atmos Energy Corp
Utilities
|
Added | 668,040 | $123,400,348 | 0.38% | |
| NEE |
Nextera Energy Inc
Utilities
|
Reduced | 1,305,502 | $121,255,025 | 0.38% | |
| AMGN |
Amgen Inc
Healthcare
|
Reduced | 336,213 | $118,296,544 | 0.37% |