DANSKE BANK A/S
Long book
$41.48B
Q1 2026
Positions
1170
Top-10 weight
38%
concentration
Last quarter
+16.1%
SPY +14.8%
Turnover
30%
of book per quarter
Strategy in plain words
auto-generated from filingsDANSKE BANK A/S is a mechanically diversified allocator, running a $41.48B US long book across 1170 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.6%
Q2 2024
+5.6%
Q3 2024
+3.0%
Q4 2024
-5.1%
Q1 2025
+11.6%
Q2 2025
+8.2%
Q3 2025
+2.8%
Q4 2025
-5.7%
Q1 2026
+16.1%
Sector allocation
Technology 42%
Financials 12%
Industrials 11%
Consumer discretionary 10%
Healthcare 9%
Services media 5%
Other 3%
Utilities 3%
Long book by quarter
What does DANSKE BANK own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 18.4M | $3.22B | 7.8% | +4.2% |
| AAPL APPLE INC | Technology | 11.5M | $2.92B | 7.0% | +14.3% |
| MSFT MICROSOFT CORP | Technology | 5.6M | $2.08B | 5.0% | +6.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 9.7M | $2.01B | 4.9% | +12.1% |
| GOOGL ALPHABET INC-CL A | Technology | 4.7M | $1.37B | 3.3% | -1.3% |
| AVGO BROADCOM INC | Technology | 3.2M | $996.7M | 2.4% | +1.2% |
| META META PLATFORMS INC-CLASS A | Technology | 1.6M | $917.7M | 2.2% | 0.0% |
| GOOG ALPHABET INC-CL C | Technology | 3.0M | $858.8M | 2.1% | 0.0% |
| TSLA TESLA INC | Industrials | 1.9M | $717.2M | 1.7% | -22.3% |
| LLY ELI LILLY & CO | Healthcare | 760.4K | $699.4M | 1.7% | +8.1% |
| JPM JPMORGAN CHASE & CO | Financials | 2.3M | $674.8M | 1.6% | 0.0% |
| V VISA INC-CLASS A SHARES | Services media | 1.8M | $541.3M | 1.3% | -0.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.1M | $506.7M | 1.2% | -2.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 812.2K | $389.2M | 0.9% | -1.8% |
| WMT WALMART INC | Consumer discretionary | 3.0M | $372.1M | 0.9% | +0.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 338.4K | $337.2M | 0.8% | +1.2% |
| MU MICRON TECHNOLOGY INC | Technology | 951.4K | $321.4M | 0.8% | +5.9% |
| ABBV ABBVIE INC | Healthcare | 1.3M | $287.1M | 0.7% | +12.9% |
| LIN LINDE PLC | Materials | 574.4K | $284.8M | 0.7% | +0.8% |
| NFLX NETFLIX INC | Services media | 2.9M | $277.3M | 0.7% | +1.1% |
| KO COCA-COLA CO/THE | Consumer staples | 3.6M | $277.0M | 0.7% | +0.8% |
| CSCO CISCO SYSTEMS INC | Technology | 3.4M | $262.5M | 0.6% | -1.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.7M | $240.4M | 0.6% | -3.8% |
| CB CHUBB LTD | Financials | 700.4K | $228.3M | 0.6% | +5.6% |
| MA MASTERCARD INC - A | Services media | 451.6K | $225.6M | 0.5% | -1.4% |
| LRCX LAM RESEARCH CORP | Industrials | 1.1M | $225.6M | 0.5% | -11.6% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 1.5M | $214.2M | 0.5% | +1.5% |
| MRK MERCK & CO. INC. | Healthcare | 1.8M | $214.0M | 0.5% | -4.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 1.0M | $213.1M | 0.5% | +17.2% |
| GS GOLDMAN SACHS GROUP INC | Financials | 249.8K | $211.3M | 0.5% | +5.7% |
| RTX RTX CORP | Industrials | 1.1M | $209.0M | 0.5% | +6.4% |
| WFC WELLS FARGO & CO | Financials | 2.6M | $207.4M | 0.5% | -5.6% |
| GE GENERAL ELECTRIC | Industrials | 729.3K | $207.0M | 0.5% | +2.9% |
| OKE ONEOK INC | Utilities | 2.3M | $205.5M | 0.5% | +34.4% |
| CRM SALESFORCE INC | Technology | 1.0M | $193.8M | 0.5% | +3.9% |
| BAC BANK OF AMERICA CORP | Financials | 3.9M | $191.5M | 0.5% | -6.7% |
| ORCL ORACLE CORP | Technology | 1.3M | $187.4M | 0.5% | -6.9% |
| HD HOME DEPOT INC | Consumer discretionary | 526.4K | $173.1M | 0.4% | -5.3% |
| KLAC KLA CORP | Other | 117.1K | $172.4M | 0.4% | -10.3% |
| AMAT APPLIED MATERIALS INC | Technology | 491.2K | $167.9M | 0.4% | +9.3% |
| GEV GE VERNOVA INC | Industrials | 191.5K | $167.1M | 0.4% | +22.5% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 1.7M | $158.5M | 0.4% | +1.7% |
| PEP PEPSICO INC | Consumer staples | 1.0M | $156.9M | 0.4% | +0.8% |
| AMGN AMGEN INC | Healthcare | 433.3K | $152.5M | 0.4% | +48.4% |
| APH AMPHENOL CORP-CL A | Technology | 1.2M | $151.1M | 0.4% | -2.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 557.5K | $150.9M | 0.4% | -17.7% |
| WM WASTE MANAGEMENT INC | Utilities | 648.6K | $149.0M | 0.4% | +92.6% |
| CAT CATERPILLAR INC | Industrials | 209.1K | $148.1M | 0.4% | +2.5% |
| NEE NEXTERA ENERGY INC | Utilities | 1.6M | $144.8M | 0.3% | +16.5% |
| HCA HCA HEALTHCARE INC | Healthcare | 300.4K | $142.2M | 0.3% | +4.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 2101 | $41.51B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 2424 | $43.00B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ARESTATEMENT | Nov 19, 2025 | 2462 | $40.21B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 553 | $1.95B | SEC ↗ | |
| Q2 2025 | 13F-HR | Dec 18, 2025 | 2521 | $40.26B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Dec 18, 2025 | 2466 | $32.74B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Mar 18, 2026 | 2698 | $33.45B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Mar 18, 2026 | 2698 | $30.02B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Mar 18, 2026 | 1732 | $27.10B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Mar 18, 2026 | 1615 | $31.87B | canonical | SEC ↗ |
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