KLP KAPITALFORVALTNING AS Q4 2025 Filing

Filed January 28, 2026

Portfolio Value

$25.9B

Holdings

2,169

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (2,169 positions)

#StockSharesValue% PortfolioType
1
NVDANVIDIA Corp
9,509,860$1.8B6.85%
2
AAPLApple Inc
5,817,204$1.6B6.11%
3
MSFTMicrosoft Corp
2,844,208$1.4B5.31%
4
AMZNAmazon.com Inc
3,452,300$796.9M3.08%
5
GOOGLAlphabet Inc
2,381,160$745.3M2.88%
6
GOOGAlphabet Inc
1,878,420$589.4M2.28%
7
AVGOBroadcom Inc
1,637,520$566.7M2.19%
8
METAMeta Platforms Inc
782,510$516.5M1.99%
9
TSLATesla Inc
1,078,810$485.2M1.87%
10
JPMJPMorgan Chase & Co
1,123,352$362.0M1.40%
11
LLYEli Lilly & Co
308,279$331.3M1.28%
12
VVisa Inc
745,642$261.5M1.01%
13
BRK/BBerkshire Hathaway Inc
507,973$255.3M0.99%
14
JNJJohnson & Johnson
1,062,814$219.9M0.85%
15
MAMastercard Inc
378,714$216.2M0.83%
16
XOMExxon Mobil Corp
1,759,736$211.8M0.82%
17
WMTWalmart Inc
1,735,500$193.7M0.75%
18
ABBVAbbVie Inc
774,072$176.9M0.68%
19
NFLXNetflix Inc
1,798,530$168.6M0.65%
20
BACBank of America Corp
2,814,841$154.8M0.60%
21
PLTRPalantir Technologies Inc
862,000$153.2M0.59%
22
PGProcter & Gamble Co/The
973,929$139.6M0.54%
23
CSCOCisco Systems Inc
1,798,415$138.5M0.53%
24
COSTCostco Wholesale Corp
159,060$137.2M0.53%
25
MRKMerck & Co Inc
1,275,270$135.2M0.52%
26
HDHome Depot Inc/The
391,742$134.8M0.52%
27
AMDAdvanced Micro Devices Inc
620,747$132.9M0.51%
28
KOCoca-Cola Co/The
1,809,645$126.5M0.49%
29
CVXChevron Corp
814,097$124.1M0.48%
30
ORCLOracle Corp
624,462$121.7M0.47%
31
WFCWells Fargo & Company
1,302,075$121.4M0.47%
32
IBMInternational Business Machines Corp
397,670$117.8M0.45%
33
GSGoldman Sachs Group Inc/The
133,063$117.0M0.45%
34
MUMicron Technology Inc
406,605$116.1M0.45%
35
UNHUnitedHealth Group Inc
346,855$114.5M0.44%
36
LRCXLam Research Corp
638,680$109.5M0.42%
37
QCOMQUALCOMM Inc
606,759$103.8M0.40%
38
TRVCCitigroup Inc
884,241$103.2M0.40%
39
CRMSalesforce Inc
385,643$102.3M0.40%
40
GEGeneral Electric Company
323,893$99.9M0.39%
41
GILDGilead Sciences Inc
790,808$97.1M0.37%
42
TAT&T Inc
3,829,564$95.1M0.37%
43
MCDMcDonald's Corp
309,936$94.7M0.37%
44
AMATApplied Materials Inc
353,341$90.8M0.35%
45
BACVerizon Communications Inc
2,211,224$90.1M0.35%
46
DWDMorgan Stanley
494,989$87.9M0.34%
47
ABTAbbott Laboratories
686,499$86.0M0.33%
48
DISWalt Disney Co/The
739,312$84.6M0.33%
49
BMYBristol-Myers Squibb Co
1,563,158$84.3M0.33%
50
KLACKLA Corp
69,100$84.0M0.32%
51
AXPAmerican Express Co
226,339$83.7M0.32%
52
BKNGBooking Holdings Inc
15,543$83.2M0.32%
53
INTUIntuit Inc
125,390$83.1M0.32%
54
TMOThermo Fisher Scientific Inc
142,823$82.8M0.32%
55
PEPPepsiCo Inc
548,596$79.4M0.31%
56
SPOTSpotify Technology SA
134,840$78.3M0.30%
57
PFEPfizer Inc
3,073,932$76.5M0.30%
58
NEENextEra Energy Inc
953,012$76.5M0.30%
59
LINLinde PLC
178,134$76.0M0.29%
60
ADBEAdobe Inc
216,443$75.8M0.29%
61
DEDeere & Co
160,549$75.0M0.29%
62
COFCapital One Financial Corp
307,362$74.5M0.29%
63
ISRGIntuitive Surgical Inc
128,142$72.6M0.28%
64
ANETArista Networks Inc
539,500$70.7M0.27%
65
GEVGE Vernova Inc
106,210$69.4M0.27%
66
TJXTJX Cos Inc/The
451,400$69.3M0.27%
67
ACNAccenture PLC
251,906$67.6M0.26%
68
SPGIS&P Global Inc
128,378$67.1M0.26%
69
NOWServiceNow Inc
427,345$65.5M0.25%
70
AMGNAmgen Inc
197,916$64.8M0.25%
71
MCKMcKesson Corp
78,470$64.4M0.25%
72
UNPUnion Pacific Corp
271,964$62.9M0.24%
73
ETNEaton Corp PLC
196,029$62.4M0.24%
74
APPAppLovin Corp
91,560$61.7M0.24%
75
SCHWCharles Schwab Corp/The
615,072$61.5M0.24%
76
UBERUber Technologies Inc
749,400$61.2M0.24%
77
INTCIntel Corp
1,631,708$60.2M0.23%
78
APHAmphenol Corp
440,224$59.6M0.23%
79
CBChubb Ltd
190,162$59.6M0.23%
80
CMCSAComcast Corp
1,971,906$58.9M0.23%
81
HWMHowmet Aerospace Inc
284,544$58.3M0.23%
82
BSXBoston Scientific Corp
610,556$58.2M0.22%
83
CMICummins Inc
111,501$56.9M0.22%
84
TXNTexas Instruments Inc
327,985$56.9M0.22%
85
MMM3M Co
354,763$56.8M0.22%
86
NEMNewmont Corp
567,881$56.7M0.22%
87
BLKBlackrock Inc
52,875$56.6M0.22%
88
ADIAnalog Devices Inc
200,521$54.4M0.21%
89
WELLWelltower Inc
291,146$54.0M0.21%
90
DHRDanaher Corp
233,651$53.5M0.21%
91
PANWPalo Alto Networks Inc
290,142$53.4M0.21%
92
WMWaste Management Inc
236,153$51.9M0.20%
93
ADPAutomatic Data Processing Inc
200,419$51.8M0.20%
94
PGRProgressive Corp/The
227,068$51.7M0.20%
95
COPConocoPhillips
552,242$51.7M0.20%
96
CEGConstellation Energy Corp
145,974$51.6M0.20%
97
CLColgate-Palmolive Co
629,523$49.7M0.19%
98
LOWLowe's Cos Inc
202,983$49.0M0.19%
99
ITWIllinois Tool Works Inc
193,545$47.9M0.19%
100
EDConsolidated Edison Inc
481,365$47.8M0.18%
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