PFA Pension, Forsikringsaktieselskab
CIK
1730073
Location
COPENHAGEN, G7
Portfolio Value
Large
$39,395,307,050
Diversification
Diversified
Filing Date
Global Rank
#217
/ 8,827
▲ 3
Top Industry
Semiconductors
16.3%
Period ended 4 months ago
Filed Aug 12, 2026 · 3mo
3 quarters · since Dec 2025
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Unknown
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Index-like
Active share 18.1% against the S&P 500 as of 2026-06-30, across 418 stocks (index-like at 20% or less with 100+ stocks)
Turnover
Turnover unknown
It needs four straight quarters of measured turnover
Horizon
Short horizon
Value-weighted holding period 2.9 quarters (under 4)
Closest benchmark: the S&P 500 as of 2026-06-30, active share 18.1%; sector active share 18.2% against the combined 13F book's sector weights.
Over time 3 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
419 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
7.2%
−0.2 pts
Top 5
26.9%
−0.5 pts
Top 10
36.6%
+0.2 pts
HHI
200
Diversified+0
Portfolio Trend
3 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 39.8% | $15,664,780,835 |
| Financial Services | 13.9% | $5,474,329,637 |
| Communication Services | 10.4% | $4,082,109,412 |
| Consumer Cyclical | 8.9% | $3,496,056,239 |
| Healthcare | 8.8% | $3,455,597,157 |
| Industrials | 8.2% | $3,242,785,953 |
| Consumer Defensive | 3.4% | $1,334,629,640 |
| Basic Materials | 2.5% | $990,122,626 |
| Utilities | 2.0% | $795,903,779 |
| Real Estate | 1.5% | $609,389,202 |
| Energy | 0.6% | $226,230,589 |
| Unclassified | 0.1% | $23,371,981 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| KIM | Kimco Realty Corp | +2,703,265 | 3,066,200 | $77,728,170 | |
| F | Ford Motor Co | +1,666,579 | 3,797,506 | $52,785,333 | |
| GEN | Gen Digital Inc. | +1,636,389 | 1,795,703 | $44,695,047 | |
| T | At&T Inc. | +1,363,399 | 6,658,986 | $137,841,010 | |
| KVUE | Kenvue Inc. | +1,148,023 | 2,874,867 | $54,938,708 | |
| KLAC | Kla Corp | +848,510 | 943,968 | $284,804,585 | |
| VICI | Vici Properties Inc. | +601,344 | 3,729,214 | $99,010,631 | |
| HIG | Hartford Insurance Group, Inc. | +561,354 | 575,203 | $76,225,901 | |
| BMY | Bristol Myers Squibb Co | +518,513 | 2,114,367 | $121,829,826 | |
| FIS | Fidelity National Information Services, Inc. | +511,922 | 770,260 | $29,947,708 | |
| BKNG | Booking Holdings Inc. | +507,516 | 526,868 | $93,908,952 | |
| VZ | Verizon Communications Inc | +425,361 | 3,460,311 | $146,509,567 | |
| TTD | Trade Desk, Inc. | +348,116 | 797,238 | $14,414,063 | |
| AIG | American International Group, Inc. | +332,397 | 479,846 | $35,762,922 | |
| ITW | Illinois Tool Works Inc | +328,815 | 353,261 | $95,546,502 | |
| CSCO | Cisco Systems, Inc. | +322,168 | 2,987,798 | $350,946,753 | |
| AME | Ametek Inc | +276,479 | 548,962 | $132,815,866 | |
| AAPL | Apple Inc. | +275,484 | 8,905,195 | $2,576,807,225 | |
| SCHW | Schwab Charles Corp | +267,067 | 1,385,802 | $127,867,950 | |
| CINF | Cincinnati Financial Corp | +265,619 | 464,077 | $85,919,215 | |
| ROST | Ross Stores, Inc. | +263,053 | 295,102 | $62,812,460 | |
| CVNA | Carvana Co. | +256,365 | 320,624 | $21,103,471 | |
| INCY | Incyte Corp | +232,609 | 252,509 | $28,624,420 | |
| HSY | Hershey Co | +227,975 | 318,276 | $55,841,524 | |
| ACGL | Arch Capital Group Ltd. | +223,108 | 525,283 | $50,983,967 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| HPQ | Hp Inc | −1,386,286 | 6,686 | $146,690 | |
| MDLZ | Mondelez International, Inc. | −1,234,857 | 8,297 | $479,898 | |
| PINS | Pinterest, Inc. | −1,066,005 | 98,567 | $2,072,864 | |
| KO | Coca Cola Co | −999,623 | 1,373,789 | $111,647,832 | |
| RPRX | Royalty Pharma plc | −857,046 | 261,865 | $14,682,770 | |
| WRB | Berkley W R Corp | −789,143 | 2,144 | $151,216 | |
| MET | Metlife Inc | −766,288 | 173,654 | $14,692,864 | |
| PLD | Prologis, Inc. | −752,361 | 3,372 | $456,804 | |
| REG | Regency Centers Corp | −735,313 | 74,716 | $5,957,853 | |
| CMG | Chipotle Mexican Grill Inc | −717,750 | 142,026 | $4,828,884 | |
| HPE | Hewlett Packard Enterprise Co | −691,796 | 6,749 | $304,447 | |
| PG | PROCTER & GAMBLE Co | −653,785 | 667,198 | $97,837,914 | |
| CNC | Centene Corp | −619,919 | 2,059 | $132,167 | |
| BRO | Brown & Brown, Inc. | −573,611 | 2,267 | $145,428 | |
| OTIS | Otis Worldwide Corp | −555,077 | 2,719 | $194,680 | |
| PCAR | Paccar Inc | −550,959 | 3,734 | $448,528 | |
| NI | Nisource Inc. | −472,005 | 1,928,014 | $91,677,065 | |
| WFC | Wells Fargo & Company | −432,518 | 1,408,144 | $116,369,020 | |
| CTVA | Corteva, Inc. | −428,767 | 719,257 | $60,913,875 | |
| BKR | Baker Hughes Co | −385,736 | 2,194,527 | $121,796,248 | |
| RSG | Republic Services, Inc. | −382,936 | 2,509 | $534,617 | |
| PANW | Palo Alto Networks Inc | −361,825 | 3,596 | $1,226,307 | |
| PKG | Packaging Corp Of America | −361,019 | 447 | $106,511 | |
| DXCM | Dexcom Inc | −343,844 | 1,191 | $80,213 | |
| EXC | Exelon Corp | −338,538 | 2,324,269 | $108,357,420 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CMS | Cms Energy Corp | 1,241,557 | $94,979,110 | |
| USB | US Bancorp De | 1,502,308 | $90,739,403 | |
| CFG | Citizens Financial Group Inc | 1,125,142 | $78,838,699 | |
| ETR | Entergy Corp | 664,940 | $76,375,008 | |
| RF | Regions Financial Corp | 2,519,903 | $76,101,070 | |
| STT | State Street Corp | 441,087 | $74,808,355 | |
| NDSN | Nordson Corp | 220,795 | $66,611,643 | |
| O | Realty Income Corp | 965,934 | $59,849,270 | |
| MKL | Markel Group Inc. | 29,293 | $57,209,521 | |
| KEY | Keycorp | 2,319,385 | $53,461,824 | |
| EMR | Emerson Electric Co | 369,625 | $52,911,818 | |
| FTV | Fortive Corp | 858,389 | $52,438,984 | |
| HONA | Honeywell Aerospace Inc. | 236,310 | $52,243,414 | |
| TDY | Teledyne Technologies Inc | 76,734 | $51,173,904 | |
| GLPI | Gaming & Leisure Properties, Inc. | 1,136,652 | $50,615,113 | |
| CW | Curtiss Wright Corp | 66,173 | $50,143,252 | |
| BE | Bloom Energy Corp | 160,863 | $48,693,230 | |
| CIEN | Ciena Corp | 95,495 | $46,846,027 | |
| BDX | Becton Dickinson & Co | 309,078 | $46,772,773 | |
| NDAQ | Nasdaq, Inc. | 587,830 | $46,332,760 | |
| TFC | Truist Financial Corp | 910,287 | $45,350,498 | |
| KEYS | Keysight Technologies, Inc. | 127,656 | $44,688,535 | |
| KDP | Keurig Dr Pepper Inc. | 1,359,995 | $44,512,636 | |
| DGX | Quest Diagnostics Inc | 205,613 | $43,579,675 | |
| ALAB | Astera Labs, Inc. | 89,732 | $43,342,350 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
24 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| EMN | Eastman Chemical Co | 619,097 | $47,249,483 | |
| KMB | Kimberly Clark Corp | 481,343 | $46,435,159 | |
| TAP | Molson Coors Beverage Co | 1,040,304 | $44,795,490 | |
| SEIC | Sei Investments Co | 519,311 | $40,750,334 | |
| EQH | Equitable Holdings, Inc. | 1,022,919 | $37,960,524 | |
| AIZ | Assurant, Inc. | 149,485 | $32,559,327 | |
| TRMB | Trimble Inc. | 237,519 | $15,493,364 | |
| SOLS | Solstice Advanced Materials Inc. | 185,836 | $14,153,269 | |
| DT | Dynatrace, Inc. | 351,906 | $13,013,483 | |
| LEN | Lennar Corp | 115,109 | $9,996,065 | |
| DOCU | Docusign, Inc. | 206,646 | $9,797,086 | |
| PAYC | Paycom Software, Inc. | 52,180 | $6,341,957 | |
| IOT | Samsara Inc. | 169,512 | $5,371,835 | |
| AFRM | Affirm Holdings, Inc. | 106,844 | $4,895,592 | |
| GRAB | Grab Holdings Ltd | 1,269,594 | $4,646,714 | |
| VSNT | Versant Media Group, Inc. | 118,587 | $4,390,090 | |
| CCI | Crown Castle Inc. | 50,970 | $4,144,370 | |
| UAL | United Airlines Holdings, Inc. | 21,263 | $1,957,684 | |
| CHWY | Chewy, Inc. | 72,300 | $1,952,100 | |
| ULS | UL Solutions Inc. | 22,125 | $1,896,333 | |
| AU | AngloGold Ashanti PLC | 19,403 | $1,889,076 | |
| AER | AerCap Holdings N.V. | 13,759 | $1,887,459 | |
| PRI | Primerica, Inc. | 7,393 | $1,851,798 | |
| MNST | Monster Beverage Corp | 23,880 | $1,730,344 | |
| No positions match the current search. | ||||
419 tracked positions ·
$39,395,307,050 total
· filing declares
419 positions · $39,395,307,459
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 419 positions by value
· page 1 of 9
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Added | 14,230,364 | $2,847,353,532 | 7.23% | |
| AAPL |
Apple Inc.
Technology
|
Added | 8,905,195 | $2,576,807,225 | 6.54% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 4,320,933 | $1,611,794,427 | 4.09% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 5,373,533 | $1,280,727,855 | 3.25% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 3,565,619 | $1,274,245,262 | 3.23% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 2,764,447 | $1,044,269,854 | 2.65% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Added | 2,860,469 | $1,010,689,511 | 2.57% | |
| MU |
Micron Technology Inc
Technology
|
Added | 671,006 | $774,535,515 | 1.97% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 1,315,407 | $740,955,609 | 1.88% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 1,649,953 | $693,970,231 | 1.76% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Added | 999,509 | $580,624,773 | 1.47% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 483,132 | $579,483,063 | 1.47% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 1,548,625 | $506,911,421 | 1.29% | |
| AMAT |
Applied Materials Inc
Technology
|
Added | 561,108 | $405,681,084 | 1.03% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 1,589,422 | $403,665,505 | 1.02% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 926,200 | $401,350,246 | 1.02% | |
| INTC |
Intel Corp
Technology
|
Added | 2,576,450 | $359,749,713 | 0.91% | |
| V |
Visa Inc.
Financial Services
|
Added | 1,038,666 | $356,355,917 | 0.90% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 2,987,798 | $350,946,753 | 0.89% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 677,815 | $339,171,847 | 0.86% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Added | 2,682,606 | $303,831,955 | 0.77% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 1,176,312 | $296,007,151 | 0.75% | |
| KLAC |
Kla Corp
Technology
|
Added | 943,968 | $284,804,585 | 0.72% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 553,758 | $284,410,108 | 0.72% | |
| COST |
Costco Wholesale Corp
Consumer Defensive
|
Added | 262,499 | $245,559,939 | 0.62% | |
| GE |
General Electric Co
Industrials
|
Reduced | 650,047 | $242,942,065 | 0.62% | |
| BAC |
Bank Of America Corp
Financial Services
|
Reduced | 3,870,171 | $220,522,343 | 0.56% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 486,515 | $202,210,229 | 0.51% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Added | 194,037 | $196,243,200 | 0.50% | |
| GEV |
GE Vernova Inc.
Industrials
|
Reduced | 160,026 | $188,008,146 | 0.48% | |
| NFLX |
Netflix Inc
Communication Services
|
Added | 2,584,761 | $184,551,935 | 0.47% | |
| IBM |
International Business Machines Corp
Technology
|
Added | 649,499 | $182,645,613 | 0.46% | |
| LIN |
Linde PLC
Basic Materials
|
Reduced | 348,745 | $180,977,730 | 0.46% | |
| MRVL |
Marvell Technology, Inc.
Technology
|
Added | 592,359 | $176,457,822 | 0.45% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 497,542 | $175,473,112 | 0.45% | |
| TXN |
Texas Instruments Inc
Technology
|
Added | 584,338 | $174,173,627 | 0.44% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Reduced | 1,341,298 | $172,356,793 | 0.44% | |
| WDC |
Western Digital Corp
Technology
|
Reduced | 264,071 | $168,667,429 | 0.43% | |
| PLTR |
Palantir Technologies Inc.
Technology
|
Added | 1,301,018 | $151,789,770 | 0.39% | |
| AXP |
American Express Co
Financial Services
|
Added | 447,278 | $151,291,783 | 0.38% | |
| STX |
Seagate Technology Holdings plc
Technology
|
Reduced | 153,812 | $148,428,580 | 0.38% | |
| MS |
Morgan Stanley
Financial Services
|
Added | 704,213 | $147,208,685 | 0.37% | |
| ED |
Consolidated Edison Inc
Utilities
|
Added | 1,325,484 | $146,638,294 | 0.37% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Added | 3,460,311 | $146,509,567 | 0.37% | |
| ORCL |
Oracle Corp
Technology
|
Added | 998,810 | $146,375,605 | 0.37% | |
| C |
Citigroup Inc
Financial Services
|
Reduced | 1,043,363 | $146,029,085 | 0.37% | |
| APH |
Amphenol Corp
Technology
|
Added | 827,452 | $145,896,336 | 0.37% | |
| CB |
Chubb Ltd
Financial Services
|
Added | 405,315 | $138,107,033 | 0.35% | |
| T |
At&T Inc.
Communication Services
|
Added | 6,658,986 | $137,841,010 | 0.35% | |
| DIS |
Walt Disney Co
Communication Services
|
Added | 1,386,158 | $133,417,707 | 0.34% |
Showing the top 50 of 419 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
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.