NORDEA INVESTMENT MANAGEMENT AB

STOCKHOLM, V7 · CIK 1218210 · 13F filing filed 2026-08-05

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityNordea Investment Management AB (SE)
Part of Nordea Bank Abp (FI)

$122.6bn reported value +14.4% vs Q1 2026

921positions

31.8%in top 10

120 new 478 added 318 reduced 63 sold out vs Q1 2026

This report includes the holdings of 3 other managers that share the investment decisions:

NORDEA INVESTMENT MANAGEMENT NORTH AMERICA INC – reports through this filing
Nordea Funds Ltd – reports through this filing
Nordea Investment Funds S.A. – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	39,844,770	$7.9bn6.40%	6.40%	Reduced -617.6k	-617,588 -1.5%
2	APPLE INC COM AAPL	AAPL	23,171,514	$6.6bn5.42%	5.42%	Added +339.3k	+339,328 1.5%
3	MICROSOFT CORP COM MSFT	MSFT	13,417,667	$5.0bn4.05%	4.05%	Reduced -103.2k	-103,186 -0.8%
4	BROADCOM INC COM AVGO	AVGO	9,596,088	$3.6bn2.93%	2.93%	Reduced -523.9k	-523,899 -5.2%
5	AMAZON COM INC COM AMZN	AMZN	14,792,443	$3.5bn2.87%	2.87%	Reduced -449.5k	-449,497 -3.0%
6	ALPHABET INC CAP STK CL A GOOGL	GOOGL	8,898,867	$3.2bn2.57%	2.57%	Reduced -71.4k	-71,373 -0.8%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	8,841,020	$3.1bn2.54%	2.54%	Added +36.2k	+36,235 0.4%
8	MICRON TECHNOLOGY INC COM MU	MU	1,912,747	$2.2bn1.77%	1.77%	Reduced -45.4k	-45,358 -2.3%
9	LAM RESEARCH CORP COM NEW LRCX	LRCX	4,966,479	$2.1bn1.75%	1.75%	Reduced -1.2m	-1,223,210 -19.8%
10	ADVANCED MICRO DEVICES INC COM AMD	AMD	3,200,884	$1.8bn1.45%	1.45%	Reduced -1.1m	-1,101,689 -25.6%
11	ELI LILLY & CO COM LLY	LLY	1,477,275	$1.8bn1.45%	1.45%	Added +15.4k	+15,383 1.1%
12	CISCO SYS INC COM CSCO	CSCO	14,458,602	$1.7bn1.40%	1.40%	Reduced -2.0m	-2,018,207 -12.2%
13	APPLIED MATLS INC COM AMAT	AMAT	1,999,444	$1.5bn1.19%	1.19%	Reduced -43.8k	-43,845 -2.1%
14	META PLATFORMS INC CL A META	META	2,458,915	$1.4bn1.11%	1.11%	Added +182.6k	+182,630 8.0%
15	JOHNSON & JOHNSON COM JNJ	JNJ	5,024,318	$1.3bn1.04%	1.04%	Added +340.3k	+340,310 7.3%
16	JPMORGAN CHASE & CO COM JPM	JPM	3,708,233	$1.2bn1.00%	1.00%	Added +72.1k	+72,134 2.0%
17	ABBVIE INC COM ABBV	ABBV	4,805,342	$1.2bn0.99%	0.99%	Added +422.6k	+422,559 9.6%
18	CITIGROUP INC COM NEW C	C	8,246,368	$1.2bn0.95%	0.95%	Added +68.4k	+68,376 0.8%
19	TJX COS INC NEW COM TJX	TJX	7,223,350	$1.1bn0.89%	0.89%	Added +20.0k	+20,046 0.3%
20	MASTERCARD INCORPORATED CL A MA	MA	2,064,271	$1.1bn0.86%	0.86%	Reduced -205.9k	-205,900 -9.1%
21	FORTINET INC COM FTNT	FTNT	6,782,111	$1.0bn0.84%	0.84%	Reduced -131.6k	-131,605 -1.9%
22	TRANE TECHNOLOGIES PLC SHS TT	TT	2,016,899	$992.6m0.81%	0.81%	Reduced -610.7k	-610,711 -23.2%
23	GE VERNOVA INC COM GEV	GEV	818,878	$928.2m0.76%	0.76%	Added +186.0k	+186,001 29.4%
24	DELL TECHNOLOGIES INC CL C DELL	DELL	2,153,604	$925.6m0.75%	0.75%	Reduced -19.0k	-18,962 -0.9%
25	AMERICAN EXPRESS CO COM AXP	AXP	2,610,019	$890.0m0.73%	0.73%	Added +66.1k	+66,057 2.6%
26	WABTEC COM WAB	WAB	3,093,207	$835.5m0.68%	0.68%	Reduced -462.7k	-462,670 -13.0%
27	VISA INC COM CL A V	V	2,419,503	$828.5m0.68%	0.68%	Reduced -42.8k	-42,818 -1.7%
28	AMGEN INC COM AMGN	AMGN	2,239,516	$802.3m0.65%	0.65%	Reduced -279.6k	-279,631 -11.1%
29	MARVELL TECHNOLOGY INC COM MRVL	MRVL	2,650,874	$779.9m0.64%	0.64%	Reduced -799.3k	-799,268 -23.2%
30	MCKESSON CORP COM MCK	MCK	1,004,498	$752.9m0.61%	0.61%	Added +16.5k	+16,452 1.7%
31	NETFLIX INC COM NFLX	NFLX	10,382,920	$749.8m0.61%	0.61%	Added +448.3k	+448,341 4.5%
32	EMERSON ELEC CO COM EMR	EMR	5,207,019	$746.5m0.61%	0.61%	Reduced -769.1k	-769,051 -12.9%
33	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	883,863	$667.7m0.54%	0.54%	Added +27.4k	+27,378 3.2%
34	WASTE MGMT INC DEL COM WM	WM	2,957,041	$657.2m0.54%	0.54%	Reduced -510.7k	-510,747 -14.7%
35	EBAY INC. COM EBAY	EBAY	5,945,915	$654.9m0.53%	0.53%	Reduced -706.8k	-706,792 -10.6%
36	INTEL CORP COM INTC	INTC	4,764,682	$654.2m0.53%	0.53%	Added +3.7m	+3,650,416 327.6%
37	GILEAD SCIENCES INC COM GILD	GILD	5,152,239	$647.9m0.53%	0.53%	Reduced -108.1k	-108,124 -2.1%
38	EQUINIX INC COM EQIX	EQIX	598,929	$628.9m0.51%	0.51%	Added +55.0k	+55,009 10.1%
39	EXELON CORP COM EXC	EXC	13,226,544	$618.5m0.50%	0.50%	Added +2.9m	+2,943,955 28.6%
40	ROCKWELL AUTOMATION INC COM ROK	ROK	1,235,953	$607.9m0.50%	0.50%	Added +261.3k	+261,330 26.8%
41	HARTFORD INSURANCE GROUP INC COM HIG	HIG	4,541,062	$605.7m0.49%	0.49%	Added +113.5k	+113,503 2.6%
42	ARISTA NETWORKS INC COM SHS ANET	ANET	3,444,227	$580.7m0.47%	0.47%	Reduced -619.9k	-619,873 -15.2%
43	LINDE PLC SHS LIN	LIN	1,085,305	$561.9m0.46%	0.46%	Reduced -802.7k	-802,718 -42.5%
44	SNAP ON INC COM SNA	SNA	1,393,421	$558.0m0.45%	0.45%	Added +19.7k	+19,727 1.4%
45	HCA HEALTHCARE INC COM HCA	HCA	1,429,943	$553.7m0.45%	0.45%	Reduced -17.6k	-17,606 -1.2%
46	NEXTERA ENERGY INC COM NEE	NEE	6,140,594	$538.8m0.44%	0.44%	Reduced -1.3m	-1,321,131 -17.7%
47	STEEL DYNAMICS INC COM STLD	STLD	2,249,235	$519.6m0.42%	0.42%	Added +32.4k	+32,407 1.5%
48	WELLS FARGO CO NEW COM WFC	WFC	6,112,176	$509.1m0.42%	0.42%	Added +93.7k	+93,674 1.6%
49	CITIZENS FINL GROUP INC COM CFG	CFG	7,260,023	$509.0m0.42%	0.42%	Reduced -63.2k	-63,162 -0.9%
50	UNITED PARCEL SERVICE INC CL B UPS	UPS	4,718,165	$501.6m0.41%	0.41%	Added +371.5k	+371,480 8.6%
51	ECOLAB INC COM ECL	ECL	1,792,656	$499.3m0.41%	0.41%	Added +33.4k	+33,375 1.9%
52	STATE STR CORP COM STT	STT	2,844,675	$482.5m0.39%	0.39%	Reduced -20.1k	-20,058 -0.7%
53	WELLTOWER INC COM WELL	WELL	2,099,648	$479.7m0.39%	0.39%	Added +69.4k	+69,354 3.4%
54	ZOETIS INC CL A ZTS	ZTS	6,592,578	$471.7m0.38%	0.38%	Added +727.5k	+727,467 12.4%
55	SERVICENOW INC COM NOW	NOW	4,753,633	$463.2m0.38%	0.38%	Added +739.3k	+739,295 18.4%
56	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	8,052,294	$462.9m0.38%	0.38%	Added +6.0m	+6,019,226 296.1%
57	TESLA INC COM TSLA	TSLA	1,109,755	$459.8m0.37%	0.37%	Added +31.1k	+31,102 2.9%
58	NEWMONT CORP COM NEM	NEM	4,924,995	$456.5m0.37%	0.37%	Reduced -240.6k	-240,626 -4.7%
59	PALO ALTO NETWORKS INC COM PANW	PANW	1,344,016	$452.1m0.37%	0.37%	Reduced -804.1k	-804,112 -37.4%
60	MERCK & CO INC COM MRK	MRK	3,503,750	$445.1m0.36%	0.36%	Reduced -5.0m	-5,024,243 -58.9%
61	INGERSOLL RAND INC COM IR	IR	5,455,360	$444.7m0.36%	0.36%	Added +3.8m	+3,778,052 225.2%
62	NUCOR CORP COM NUE	NUE	1,972,960	$439.5m0.36%	0.36%	Added +24.8k	+24,761 1.3%
63	SCHWAB CHARLES CORP COM SCHW	SCHW	4,704,530	$436.5m0.36%	0.36%	Added +1.0m	+1,032,446 28.1%
64	VERIZON COMMUNICATIONS INC COM VZ	VZ	10,267,871	$433.1m0.35%	0.35%	Reduced -383.0k	-383,012 -3.6%
65	METLIFE INC COM MET	MET	5,036,410	$429.0m0.35%	0.35%	Added +245.2k	+245,157 5.1%
66	ROYAL CARIBBEAN GROUP COM RCL	RCL	1,324,110	$420.5m0.34%	0.34%	Reduced -89.8k	-89,769 -6.3%
67	IDEX CORP COM IEX	IEX	1,842,144	$419.0m0.34%	0.34%	Reduced -31.3k	-31,320 -1.7%
68	KROGER CO COM KR	KR	7,495,314	$413.8m0.34%	0.34%	Added +1.2m	+1,161,522 18.3%
69	SYNCHRONY FINANCIAL COM SYF	SYF	5,303,927	$411.0m0.34%	0.34%	Added +51.5k	+51,463 1.0%
70	THE CIGNA GROUP COM CI	CI	1,476,499	$409.7m0.33%	0.33%	Added +201.7k	+201,715 15.8%
71	COGNEX CORP COM CGNX	CGNX	5,820,165	$407.4m0.33%	0.33%	Reduced -321.5k	-321,453 -5.2%
72	CINTAS CORP COM CTAS	CTAS	2,403,360	$404.7m0.33%	0.33%	Reduced -344.0k	-343,995 -12.5%
73	PENTAIR PLC SHS PNR	PNR	5,284,291	$402.0m0.33%	0.33%	Added +1.4m	+1,360,130 34.7%
74	GENERAL MLS INC COM GIS	GIS	11,315,097	$401.7m0.33%	0.33%	Added +733.8k	+733,807 6.9%
75	PEPSICO INC COM PEP	PEP	2,934,401	$401.0m0.33%	0.33%	Reduced -29.0k	-28,982 -1.0%
76	KRAFT HEINZ CO COM KHC	KHC	16,565,504	$399.2m0.33%	0.33%	Added +1.3m	+1,268,362 8.3%
77	GE AEROSPACE COM NEW GE	GE	1,051,073	$392.2m0.32%	0.32%	Added +222.7k	+222,694 26.9%
78	TE CONNECTIVITY PLC ORD SHS TEL	TEL	1,891,120	$380.8m0.31%	0.31%	Reduced -11.4k	-11,369 -0.6%
79	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	10,483,301	$380.1m0.31%	0.31%	Added +2.2m	+2,218,333 26.8%
80	COCA COLA CO COM KO	KO	4,627,812	$378.9m0.31%	0.31%	Reduced -793.7k	-793,708 -14.6%
81	CENCORA INC COM COR	COR	1,341,795	$376.1m0.31%	0.31%	Added +31.7k	+31,739 2.4%
82	SALESFORCE INC COM CRM	CRM	2,317,121	$358.6m0.29%	0.29%	Reduced -24.2k	-24,250 -1.0%
83	DOLLAR GEN CORP NEW COM DG	DG	3,093,004	$358.0m0.29%	0.29%	Added +1.5m	+1,459,330 89.3%
84	AMERICAN TOWER CORP NEW COM AMT	AMT	2,170,273	$354.8m0.29%	0.29%	Added +125.4k	+125,421 6.1%
85	JOHNSON CTLS INTL PLC SHS JCI	JCI	2,432,111	$354.5m0.29%	0.29%	Added +46.2k	+46,225 1.9%
86	KIMBERLY-CLARK CORP COM KMB	KMB	3,234,636	$351.9m0.29%	0.29%	Added +290.5k	+290,492 9.9%
87	TARGET CORP COM TGT	TGT	2,676,121	$349.8m0.29%	0.29%	Added +91.0k	+90,958 3.5%
88	KLA CORP COM NEW KLAC	KLAC	1,103,974	$326.4m0.27%	0.27%	Reduced -417.1k	-417,106 -27.4%
89	EMCOR GROUP INC COM EME	EME	393,220	$323.4m0.26%	0.26%	Added +2.5k	+2,452 0.6%
90	WALMART INC COM WMT	WMT	2,826,124	$321.6m0.26%	0.26%	Added +96.7k	+96,703 3.5%
91	AGILENT TECHNOLOGIES INC COM A	A	2,367,726	$310.8m0.25%	0.25%	Added +4.4k	+4,427 0.2%
92	CARDINAL HEALTH INC COM CAH	CAH	1,297,534	$308.7m0.25%	0.25%	Added +634.4k	+634,364 95.7%
93	CONSTELLATION ENERGY CORP COM CEG	CEG	1,193,655	$303.0m0.25%	0.25%	Reduced -64.8k	-64,843 -5.2%
94	CUMMINS INC COM CMI	CMI	419,251	$296.6m0.24%	0.24%	Added +29.8k	+29,777 7.7%
95	WESTERN DIGITAL CORP COM WDC	WDC	455,363	$295.3m0.24%	0.24%	Added +75.0k	+74,992 19.7%
96	REGAL REXNORD CORPORATION COM RRX	RRX	1,288,585	$293.6m0.24%	0.24%	Added +114.4k	+114,440 9.8%
97	UBER TECHNOLOGIES INC COM UBER	UBER	3,875,033	$285.0m0.23%	0.23%	Added +743.9k	+743,866 23.8%
98	BOOKING HOLDINGS INC COM BKNG	BKNG	1,576,176	$284.7m0.23%	0.23%	Reduced -1.1m	-1,067,849 -40.4%
99	CATERPILLAR INC COM CAT	CAT	264,718	$282.6m0.23%	0.23%	Reduced -8.4k	-8,398 -3.1%
100	ZEBRA TECHNOLOGIES CORPORATI CL A ZBRA	ZBRA	1,083,302	$277.4m0.23%	0.23%	Reduced -934.2k	-934,227 -46.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
TOPBUILD CORP BLD	BLD	303,368	$103.3m303.4k shares
FASTLY INC FSLY	FSLY	2,058,580	$56.0m2.1m shares
CARNIVAL CORP		2,203,681	$55.0m2.2m shares
SOUTHWEST AIRLS CO LUV	LUV	1,077,605	$39.1m1.1m shares
DRAFTKINGS INC NEW DKNG	DKNG	1,788,310	$38.0m1.8m shares
SPS COMM INC SPSC	SPSC	537,906	$30.0m537.9k shares
LANCASTER COLONY CORP MZTI	MZTI	200,410	$28.1m200.4k shares
ZIFF DAVIS INC ZD	ZD	595,017	$24.7m595.0k shares
HEALTHCARE RLTY TR HR	HR	1,415,099	$23.9m1.4m shares
WD 40 CO WDFC	WDFC	100,932	$20.6m100.9k shares
ARAMARK ARMK	ARMK	285,044	$11.4m285.0k shares
CAESARS ENTERTAINMENT INC NE CZR	CZR	404,905	$10.6m404.9k shares
WYNN RESORTS LTD WYNN	WYNN	105,807	$10.4m105.8k shares
VAIL RESORTS INC MTN	MTN	77,195	$9.8m77.2k shares
TAYLOR MORRISON HOME CORP TMHC	TMHC	154,188	$8.9m154.2k shares
BRANDYWINE RLTY TR BDN	BDN	3,104,735	$8.1m3.1m shares
FULL TRUCK ALLIANCE CO LTD YMM	YMM	972,191	$7.9m972.2k shares
REVVITY INC RVTY	RVTY	88,179	$7.6m88.2k shares
LA Z BOY INC LZB	LZB	229,449	$7.3m229.4k shares
AVISTA CORP AVA	AVA	165,934	$6.6m165.9k shares
REXFORD INDL RLTY INC REXR	REXR	180,594	$5.8m180.6k shares
US FOODS HLDG CORP USFD	USFD	61,876	$5.6m61.9k shares
DT MIDSTREAM INC DTM	DTM	36,367	$4.9m36.4k shares
GIBRALTAR INDS INC ROCK	ROCK	117,469	$4.6m117.5k shares
FIVERR INTL LTD FVRR	FVRR	457,536	$4.5m457.5k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
CADELER A S CDLR · 13G · filed 2026-01-29	CDLR	5.7%	new	13G	2026-01-29