NORDEA INVESTMENT MANAGEMENT AB

CIK 0001218210 · Q1 2026

13F Equity AUM

$107.2B

-8.0% QoQ

Positions

864

+5 QoQ

AUM Rank

#140

Top 1%

Skill Alpha (FF)

-0.1%/yr^ns

No Clear Edge

Rank #2,491 · Top 30%

vs S&P -2.5%/yr (unadj.)

Quarters Tracked

~7 years

Portfolio Concentration

Top 5: 22.0%Top 10: 30.3%Top 20: 40.2%

NVDA6.4%

AAPL5.3%

MSFT4.6%

AMZN2.9%

AVGO2.8%

GOOGL2.4%

GOOG2.3%

LLY1.2%

LRCX1.2%

CSCO1.2%

Others (854)69.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology32.5%

Healthcare12.1%

Industrials11.6%

Financial Services10.2%

Communication Services8.7%

Consumer Cyclical8.1%

Consumer Defensive4.6%

Basic Materials3.4%

Other8.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 864Median: 0.01%Avg: 0.12%

0–0.5%

825(47.0%)

0.5–1%

24(17.4%)

1–3%

12(19.4%)

3–5%

1(4.6%)

5%+

2(11.7%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 864Unique: 0vs 20 funds

11.8%Low

864

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

16.5%

BlackRock, Inc.

21.8%

BANK OF AMERICA CORP /DE/

18.2%

STATE STREET CORP

25.2%

JPMORGAN CHASE & CO

17.7%

GEODE CAPITAL MANAGEMENT, LLC

24.6%

VANGUARD CAPITAL MANAGEMENT LLC

24.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

29.2%

FMR LLC

27.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New44Increased408Decreased403Exited39

New Positions

FSLY0.1%

+2.1M

MZTI0.0%

+200K

WDFC0.0%

+101K

HSAI0.0%

+596K

PTGX0.0%

+52K

CRS0.0%

+26K

ASH0.0%

+160K

PKN0.0%

+88K

AVA0.0%

+166K

SNDK0.0%

+27K

Increased

BAC0.5%

+3.5M(+48%)

PEO0.5%

+2.2M(+28%)

BMY0.1%

+1.8M(+915%)

NEE0.6%

+1.7M(+29%)

GFL0.3%

+1.6M(+24%)

KHC0.3%

+1.5M(+11%)

DELL0.3%

+1.4M(+180%)

BDN0.0%

+1.4M(+81%)

AMZN2.9%

+1.3M(+10%)

DG0.2%

+1.3M(+429%)

Decreased

HPE0.0%

-6,888,966(-92%)

CL0.1%

-3,495,538(-75%)

PYPL0.0%

-2,832,597(-87%)

WY0.0%

-2,327,137(-98%)

MRK0.9%

-2,045,828(-19%)

CGNX0.3%

-1,959,965(-24%)

INTC0.0%

-1,669,073(-60%)

TMUS0.1%

-1,657,469(-81%)

EW0.1%

-1,617,731(-44%)

VLTO0.2%

-1,507,715(-37%)

Exited

-1,290,923

-3,102,781

-190,276

-956,047

-993,011

-552,242

-85,424

-801,336

-268,694

-154,952

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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