PFA Pension, Forsikringsaktieselskab
PensionCIK
1730073
Location
COPENHAGEN, G7
Portfolio Value
Large
$11,368,890,839
Diversification
Diversified
Filing Date
Global Rank
#195
/ 8,588
—
Top Industry
Semiconductors
13.1%
3Y Alpha vs SPY
-4.6%
Period ended 3 months ago
Filed Apr 28, 2026 · 50d
2 quarters · since Dec 2025
Clone Performance
Feb 2026–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+9.1%
SPY
+10.4%
Annualised alpha
-4.6%
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
7.6%
−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 |
|---|---|---|
| Technology | 35.0% | $11,368,890,839 |
| Financial Services | 13.9% | $4,520,977,103 |
| Consumer Cyclical | 10.3% | $3,341,729,970 |
| Healthcare | 10.0% | $3,237,489,563 |
| Industrials | 9.0% | $2,935,135,296 |
| Communication Services | 8.8% | $2,842,793,049 |
| Consumer Defensive | 4.6% | $1,477,790,167 |
| Basic Materials | 3.4% | $1,092,003,348 |
| Utilities | 2.2% | $718,304,437 |
| Real Estate | 1.8% | $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 | $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 | 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 | $89,048,757 | |
| 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. | ||||
84 positions ·
$11,368,890,839 total
· Technology only
· 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 84 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| DBD |
DIEBOLD NIXDORF, Inc
Technology
|
Held | 328 | $24,744 | 0.00% | |
| IDCC |
InterDigital, Inc.
Technology
|
Reduced | 5,182 | $1,564,964 | 0.01% | |
| GEN |
Gen Digital Inc.
Technology
|
Added | 159,314 | $2,999,882 | 0.03% | |
| MANH |
Manhattan Associates Inc
Technology
|
Added | 27,418 | $3,649,884 | 0.03% | |
| GRAB |
Grab Holdings Ltd
Technology
|
Reduced | 1,269,594 | $4,646,714 | 0.04% | |
| IOT |
Samsara Inc.
Technology
|
Held | 169,512 | $5,371,835 | 0.05% | |
| PAYC |
Paycom Software, Inc.
Technology
|
Reduced | 52,180 | $6,341,957 | 0.06% | |
| CRDO |
Credo Technology Group Holding Ltd
Technology
|
Held | 84,100 | $7,894,467 | 0.07% | |
| PTC |
Ptc Inc.
Technology
|
Added | 55,718 | $7,939,257 | 0.07% | |
| DOCU |
Docusign, Inc.
Technology
|
Held | 206,646 | $9,797,086 | 0.09% | |
| HUBS |
Hubspot Inc
Technology
|
Added | 41,776 | $10,197,521 | 0.09% | |
| IT |
Gartner Inc
Technology
|
Added | 76,259 | $12,074,850 | 0.11% | |
| FIS |
Fidelity National Information Services, Inc.
Technology
|
Reduced | 258,338 | $12,118,635 | 0.11% | |
| MDB |
MongoDB, Inc.
Technology
|
Added | 51,852 | $12,691,814 | 0.11% | |
| TWLO |
Twilio Inc
Technology
|
Held | 101,306 | $12,746,320 | 0.11% | |
| DT |
Dynatrace, Inc.
Technology
|
Reduced | 351,906 | $13,013,483 | 0.11% | |
| CPAY |
Corpay, Inc.
Technology
|
Reduced | 45,230 | $13,161,477 | 0.12% | |
| TEAM |
Atlassian Corp
Technology
|
Reduced | 196,342 | $13,400,341 | 0.12% | |
| P |
Everpure, Inc.
Technology
|
Added | 231,391 | $13,661,324 | 0.12% | |
| FICO |
Fair Isaac Corp
Technology
|
Held | 12,966 | $13,841,723 | 0.12% | |
| TRMB |
Trimble Inc.
Technology
|
Reduced | 237,519 | $15,493,364 | 0.14% | |
| MCHP |
Microchip Technology Inc
Technology
|
Added | 247,664 | $16,001,571 | 0.14% | |
| HPE |
Hewlett Packard Enterprise Co
Technology
|
Reduced | 698,545 | $16,632,356 | 0.15% | |
| NXPI |
NXP Semiconductors N.V.
Technology
|
Reduced | 87,494 | $17,224,068 | 0.15% | |
| CDW |
CDW Corp
Technology
|
Added | 158,116 | $19,135,198 | 0.17% | |
| ON |
On Semiconductor Corp
Technology
|
Reduced | 316,011 | $19,567,401 | 0.17% | |
| DDOG |
Datadog, Inc.
Technology
|
Reduced | 166,137 | $19,612,472 | 0.17% | |
| ZBRA |
Zebra Technologies Corp
Technology
|
Added | 100,223 | $20,954,624 | 0.18% | |
| FSLR |
First Solar, Inc.
Technology
|
Added | 106,468 | $21,001,877 | 0.18% | |
| Q |
Qnity Electronics, Inc.
Technology
|
Added | 191,378 | $22,081,193 | 0.19% | |
| WDAY |
Workday, Inc.
Technology
|
Reduced | 198,662 | $25,810,167 | 0.23% | |
| SNOW |
Snowflake Inc.
Technology
|
Held | 173,898 | $26,227,296 | 0.23% | |
| HPQ |
Hp Inc
Technology
|
Reduced | 1,392,972 | $26,758,992 | 0.24% | |
| GDDY |
GoDaddy Inc.
Technology
|
Reduced | 328,181 | $27,130,723 | 0.24% | |
| FLEX |
Flex Ltd.
Technology
|
Added | 443,564 | $29,035,699 | 0.26% | |
| ZM |
Zoom Communications, Inc.
Technology
|
Reduced | 394,372 | $31,703,565 | 0.28% | |
| XYZ |
Block, Inc.
Technology
|
Reduced | 552,069 | $33,223,512 | 0.29% | |
| MPWR |
Monolithic Power Systems Inc
Technology
|
Reduced | 31,292 | $34,213,108 | 0.30% | |
| VRSN |
Verisign Inc/Ca
Technology
|
Held | 139,193 | $34,569,973 | 0.30% | |
| FFIV |
F5, Inc.
Technology
|
Reduced | 121,514 | $35,157,645 | 0.31% | |
| NET |
Cloudflare, Inc.
Technology
|
Added | 172,325 | $35,557,540 | 0.31% | |
| TEL |
TE Connectivity plc
Technology
|
Reduced | 190,834 | $39,888,122 | 0.35% | |
| CDNS |
Cadence Design Systems Inc
Technology
|
Reduced | 147,110 | $40,877,455 | 0.36% | |
| TER |
Teradyne, Inc
Technology
|
Added | 140,354 | $41,609,346 | 0.37% | |
| SNPS |
Synopsys Inc
Technology
|
Reduced | 109,835 | $43,547,380 | 0.38% | |
| FTNT |
Fortinet, Inc.
Technology
|
Reduced | 542,909 | $44,366,523 | 0.39% | |
| JBL |
Jabil Inc
Technology
|
Added | 172,215 | $45,745,470 | 0.40% | |
| NTAP |
NetApp, Inc.
Technology
|
Added | 454,788 | $46,565,743 | 0.41% | |
| DELL |
Dell Technologies Inc.
Technology
|
Added | 306,839 | $50,361,485 | 0.44% | |
| MRVL |
Marvell Technology, Inc.
Technology
|
Added | 530,955 | $52,591,092 | 0.46% |