PFA Pension, Forsikringsaktieselskab

Pension

CIK

1730073

Location

COPENHAGEN, G7

Portfolio Value

Small $718,304,437

Diversification

Diversified

Filing Date

Global Rank

#119 / 8,232 ▲ 9

Top Industry

Semiconductors 13.1%

3Y Alpha vs SPY

-4.6%

Period ended 2 months ago

Filed Apr 28, 2026 · 47d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+7.8%

SPY

+9.1%

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, 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%	$4,520,977,103	60
Consumer Cyclical	10.3%	$3,341,729,970	46
Healthcare	10.0%	$3,237,489,563	49
Industrials	9.0%	$2,935,135,296	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	$89,048,757
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
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

9 positions · $718,304,437 total · Utilities 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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ED	Consolidated Edison Inc Utilities	Added	1,235,992	+94,969	$139,889,574	+23.4%	19.47%
EXC	Exelon Corp Utilities	Reduced	2,662,807	-63,710	$130,530,799	+9.8%	18.17%
ATO	Atmos Energy Corp Utilities	Added	668,040	+29,001	$123,400,348	+15.2%	17.18%
NEE	Nextera Energy Inc Utilities	Reduced	1,305,502	-964	$121,255,025	+15.6%	16.88%
NI	Nisource Inc. Utilities	Reduced	2,400,019	-1,052	$111,984,886	+11.7%	15.59%
CEG	Constellation Energy Corp Utilities	Added	184,756	+15,932	$51,593,113	−13.5%	7.18%
NRG	Nrg Energy, Inc. Utilities	Reduced	192,164	-1	$28,082,846	−8.2%	3.91%
AWK	American Water Works Company, Inc. Utilities	Added	59,391	+207	$8,082,521	+4.6%	1.13%
PCG	PG&E Corp Utilities	Added	198,368	+80,314	$3,485,325	+83.7%	0.49%