NORDEA INVESTMENT MANAGEMENT AB

New 13F: Q3 2026

NORDEA INVESTMENT MANAGEMENT AB filed its 13F for the quarter ended Sep 30, 2026 on Nov 9, 2026: $64.5B in AI and semiconductor stocks; $2.3B bought and $3.0B sold against its previous quarter, at the quarter's prices.

NORDEA INVESTMENT MANAGEMENT AB declares $61.6B in 137 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 50.2% of its $122.6B 13F portfolio. Largest positions: NVIDIA (0.17% of the company) and Apple (0.16% of the company). Over time: $61.6B in 137 of these companies for Q2 2026, against $12.0B in 93 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $2.5B and sold $4.0B of these stocks, at the quarter's prices: a net sale of $1.5B; 13 new positions and 2 sold out.

Performance of its AI picks

The AI-stock portfolio NORDEA INVESTMENT MANAGEMENT AB declared for Q2 2026 (Form 13F), held unchanged, returned +4.3% in Q3 2026 (SMH -7.1%), ranked 772 of 1,785 active managers. Over the last 12 months, quarter after quarter: +32.5% (SMH +87.2%), ranked 451 of 1,360 active managers. Over three years, quarter after quarter: +141.1% (SMH +325.8%), ranked 461 of 784 active managers. Over five years, quarter after quarter: +158.8% (SMH +389.8%), ranked 267 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

  1. NVIDIA (NVDA): $7.9B, 39.8M shares, 0.17% of the company, 6.4% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  2. Apple (AAPL): $6.6B, 23.2M shares, 0.16% of the company, 5.4% of its portfolio (added this quarter); held since Q4 2019 or earlier
  3. Alphabet (GOOGL): $6.3B, 17.7M shares, 0.14% of the company, 5.1% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  4. Microsoft (MSFT): $5.0B, 13.4M shares, 0.18% of the company, 4.0% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  5. Broadcom (AVGO): $3.6B, 9.6M shares, 0.20% of the company, 2.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  6. Amazon (AMZN): $3.5B, 14.8M shares, 0.14% of the company, 2.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  7. Micron (MU): $2.2B, 1.9M shares, 0.17% of the company, 1.8% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  8. Lam Research (LRCX): $2.1B, 5.0M shares, 0.40% of the company, 1.7% of its portfolio (trimmed this quarter); held since Q1 2025
  9. AMD (AMD): $1.8B, 3.2M shares, 0.20% of the company, 1.5% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  10. Cisco (CSCO): $1.7B, 14.5M shares, 0.37% of the company, 1.4% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  11. Applied Materials (AMAT): $1.5B, 2.0M shares, 0.25% of the company, 1.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  12. Meta Platforms (META): $1.4B, 2.5M shares, 0.10% of the company, 1.1% of its portfolio (added this quarter); held since Q4 2019 or earlier
  13. Fortinet (FTNT): $1.0B, 6.8M shares, 0.92% of the company, 0.84% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  14. Trane (TT): $992.6M, 2.0M shares, 0.92% of the company, 0.81% of its portfolio (trimmed this quarter); held since Q2 2020
  15. GE Vernova (GEV): $928.2M, 818,878 shares, 0.31% of the company, 0.76% of its portfolio (added this quarter); held since Q2 2024

By sector

Biggest changes this quarter

Other holders of this size

Follow NORDEA INVESTMENT MANAGEMENT AB's SEC filings (Atom feed)

All holders · Who owns each AI company · All tracked companies · The AI market