NORDEA INVESTMENT MANAGEMENT AB
SEC Form 13F institutional filer · CIK 0001218210
13F-HR · 457 reported holdings · 2026-03-31
Asset management firm, subsidiary of Nordea Bank.
Reported long-US-equity value
$97.71B
Top-10 concentration
33.2%
NORDEA INVESTMENT MANAGEMENT AB — $97.7B AUM allocation strategy
NORDEA INVESTMENT MANAGEMENT AB files SEC Form 13F and reports $97.7B of long US equity value across 457 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 23.6%, followed by Communication Services 7.4% and Health Care 4.5%.
The top 10 holdings account for 33% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
NORDEA INVESTMENT MANAGEMENT AB — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$97.7B
total across 457 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
33% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$VZ +3.47M sh · +$238M+$EXC +2.23M sh · +$147M+$BMY +1.83M sh · +$111M
Biggest trims (shares)
−$HPE −6.89M sh · −$166M−$CL −3.5M sh · −$273M−$PYPL −2.83M sh · −$171M
Exited to nil (held last quarter, gone now)
$BAX ($59.7M last qtr)$SJM ($1.78M last qtr)$BXP ($1.02M last qtr)$ARE ($734K last qtr)$BF.B ($338K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors10.1%—
- Interactive Media & Services6.4%—
- Technology Hardware, Storage & Peripherals5.8%—
- Systems Software5.0%—
- Pharmaceuticals3.6%—
- Broadline Retail3.2%—
- Semiconductor Materials & Equipment1.3%—
- Communications Equipment1.3%—
- Other holdings63.3%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NVDA | NVIDIA Corporation | 40.5M | $6.88B | +38.5K | 7.0% |
| $AAPL | Apple Inc | 22.8M | $5.65B | +797K | 5.8% |
| $MSFT | Microsoft Corporation | 13.5M | $4.91B | -674K | 5.0% |
| $AMZN | Amazon.com Inc | 15.2M | $3.12B | +1.35M | 3.2% |
| $AVGO | Broadcom Inc | 10.1M | $3.04B | +305K | 3.1% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 8.97M | $2.52B | -293K | 2.6% |
| $GOOGL | Alphabet Inc | 8.8M | $2.47B | +247K | 2.5% |
| $LLY | Eli Lilly and Company | 1.46M | $1.33B | -18.1K | 1.4% |
| $LRCX | Lam Research Corporation | 6.19M | $1.27B | -1.21M | 1.3% |
| $CSCO | Cisco Systems Inc | 16.5M | $1.27B | -694K | 1.3% |
…and 447 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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