1y return+18.0%S&P 500 +20.9%
3y return+54.8%S&P 500 +68.5%
5y return+60.0%S&P 500 +74.5%
10y return+217.4%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $317 against $357 in the S&P 500.2
Nordea Investment Management AbS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $7.9B | 6.4% | −1.5% |
| AAPLApple Inc | $6.6B | 5.4% | +1.5% |
| MSFTMicrosoft Corp | $5.0B | 4.0% | |
| AVGOBroadcom Inc | $3.6B | 2.9% | −5.2% |
| AMZNAmazon Com Inc | $3.5B | 2.9% | −2.9% |
| GOOGLAlphabet Inc | $3.2B | 2.6% | |
| GOOGAlphabet Inc | $3.1B | 2.5% | |
| MUMicron Technology Inc | $2.2B | 1.8% | −2.3% |
| LRCXLam Research Corp | $2.1B | 1.7% | −19.8% |
| AMDAdvanced Micro Devices Inc | $1.8B | 1.5% | −25.6% |
| LLYEli Lilly & Co | $1.8B | 1.5% | +1.1% |
| CSCOCisco Sys Inc | $1.7B | 1.4% | −12.2% |
| AMATApplied Matls Inc | $1.5B | 1.2% | −2.1% |
| METAMeta Platforms Inc | $1.4B | 1.1% | +8.0% |
| JNJJohnson & Johnson | $1.3B | 1.0% | +7.3% |
| JPMJpmorgan Chase & Co | $1.2B | 1.0% | +2.0% |
| ABBVAbbvie Inc | $1.2B | 1.0% | +9.6% |
| CCitigroup Inc | $1.2B | 0.9% | |
| TJXTjx Cos Inc New | $1.1B | 0.9% | |
| MAMastercard Incorporated | $1.1B | 0.9% | −9.1% |
| FTNTFortinet Inc | $1.0B | 0.8% | −1.9% |
| Trane Technologies PLCCUSIP G8994E103 | $992.6M | 0.8% | −23.2% |
| GEVGe Vernova Inc | $928.2M | 0.8% | +29.4% |
| DELLDell Technologies Inc | $925.6M | 0.8% | |
| AXPAmerican Express Co | $890.0M | 0.7% | +2.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $7.9B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $3.6B |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $1.5B |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $1.8B |
| DELLDell Technologies Inc | June 30, 2020 | +685.4% | $925.6M |
| CRWDCrowdstrike Hldgs Inc | June 30, 2020 | +661.0% | $667.7M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $1.8B |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $928.2M |
| LRCXLam Research Corp | March 31, 2025 | +496.1% | $2.1B |
| FTNTFortinet Inc | June 30, 2020 | +459.6% | $1.0B |
Sold off last quarter
- Topbuild CorCUSIP 89055F103 was $103.3M
- FSLYFastly Inc was $56.0M
- Carnival CorpCUSIP 143658300 was $55.0M
- LUVSouthwest Airls Co was $39.1M
- DKNGDraftkings Inc New was $38.0M
- SPSCSps Comm Inc was $30.0M
- MZTIMarzetti Company was $28.1M
- ZDZiff Davis Inc was $24.7M
- HRHealthcare Rlty Tr was $23.9M
- WDFCWd 40 Co was $20.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.9% | +14.8% |
| March 31, 2026 | −4.8% | −4.6% |
| December 31, 2025 | +2.1% | +2.4% |
| September 30, 2025 | +6.6% | +7.8% |
| June 30, 2025 | +9.3% | +10.5% |
| March 31, 2025 | −3.7% | −4.6% |
| December 31, 2024 | +0.4% | +2.1% |
| September 30, 2024 | +6.3% | +5.4% |
| June 30, 2024 | +1.0% | +4.0% |
| March 31, 2024 | +9.5% | +10.0% |
| December 31, 2023 | +9.9% | +11.2% |
| September 30, 2023 | −4.0% | −3.6% |
| June 30, 2023 | +6.4% | +8.3% |
| March 31, 2023 | +5.9% | +7.0% |
| December 31, 2022 | +8.9% | +7.1% |
| September 30, 2022 | −6.1% | −5.3% |
| June 30, 2022 | −13.4% | −16.5% |
| March 31, 2022 | −4.9% | −4.9% |
| December 31, 2021 | +9.4% | +10.7% |
| September 30, 2021 | −0.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Nordea Investment Management Ab Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1218210&type=13F-HR&dateb=&owner=include&count=40CIK 1218210
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1218210/000121821026000015/Filed August 5, 2026 · accession 0001218210-26-000015