Cardano Risk Management B.V.
ROTTERDAM, P7
$13.0bn in 52 US stocks at the end of 30 June 2026. The top 10 are 54.8% of the money. It changed about 16.1% of the portfolio this quarter.
Value
$13.0bn
Stocks
52
Top 10 share
54.8%
Turnover
16.1%
What changed this quarter
New
Bought for the first time this quarter.
- Lam ResearchLRCX1.8% of the fund
- IntelINTC1.4% of the fund
- SLB LimitedSLB1.4% of the fund
- Cisco SystemsCSCO1.2% of the fund
- Western DigitalWDC0.9% of the fund
- Palo Alto NetworksPANW0.9% of the fund
- Curtiss WrightCW0.8% of the fund
- GE VernovaGEV0.8% of the fund
- Simon Property GroupSPG0.8% of the fund
- AmphenolAPH0.8% of the fund
- Texas InstrumentsTXN0.8% of the fund
Added
Bought more of a stock they already held.
- Advanced Micro DevicesAMD2.3% of the fund+6%
- WelltowerWELL1.9% of the fund+7%
- AbbVieABBV1.1% of the fund+6%
- Verizon CommunicationsVZ0.8% of the fund+3%
- Automatic Data ProcessingADP0.6% of the fund+5%
- SalesforceCRM0.5% of the fund+9%
- ServiceNowNOW0.4% of the fund+7%
Cut
Sold some of their stake.
- NvidiaNVDA11.9% of the fund-4%
- AlphabetGOOGL4.0% of the fund-7%
- Applied MaterialsAMAT2.0% of the fund-5%
- MastercardMA1.5% of the fund-4%
- KLAKLAC1.4% of the fund-17%
- Baker HughesBKR1.3% of the fund-16%
- Coca-ColaKO0.9% of the fund-2%
- Procter & GamblePG0.9% of the fund-18%
- Goldman Sachs GroupGS0.9% of the fund-4%
- Home DepotHD0.9% of the fund-8%
- Morgan StanleyMS0.8% of the fund-8%
- AmgenAMGN0.7% of the fund-5%
- Booking HoldingsBKNG0.7% of the fund-7%
- S&P GlobalSPGI0.5% of the fund-8%
Sold out
Sold their entire stake.
- Lam ResearchLRCX-100%
- Cisco Systems-100%
- FiservFISV-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 11.9% | $1.5bn | 7,715,089 | -4% |
| AppleAAPL | 9.7% | $1.3bn | 4,345,511 | Held |
| MicrosoftMSFT | 7.0% | $907m | 2,430,917 | Held |
| Amazon.comAMZN | 5.3% | $694m | 2,909,831 | Held |
| AlphabetGOOG | 5.1% | $663m | 1,876,532 | Held |
| AlphabetGOOGL | 4.0% | $515m | 1,440,207 | -7% |
| BroadcomAVGO | 3.8% | $495m | 1,310,174 | Held |
| Micron TechnologyMU | 3.0% | $386m | 334,063 | Held |
| TeslaTSLA | 2.8% | $362m | 861,418 | Held |
| Eli LillyLLY | 2.3% | $299m | 249,204 | Held |
| Advanced Micro DevicesAMD | 2.3% | $294m | 506,119 | +6% |
| JPMorgan ChaseJPM | 2.2% | $289m | 882,774 | Held |
| VisaV | 2.1% | $276m | 804,973 | Held |
| Applied MaterialsAMAT | 2.0% | $262m | 362,421 | -5% |
| WelltowerWELL | 1.9% | $243m | 1,069,814 | +7% |
| Lam ResearchLRCX | 1.8% | $232m | 535,748 | New |
| MastercardMA | 1.5% | $198m | 385,332 | -4% |
| IntelINTC | 1.4% | $187m | 1,341,703 | New |
| SLB LimitedSLB | 1.4% | $185m | 3,989,536 | New |
| KLAKLAC | 1.4% | $176m | 583,842 | -17% |
| Costco WholesaleCOST | 1.3% | $175m | 186,969 | Held |
| Baker HughesBKR | 1.3% | $174m | 3,141,884 | -16% |
| PrologisPLD | 1.2% | $159m | 1,174,787 | Held |
| Cisco SystemsCSCO | 1.2% | $154m | 1,311,581 | New |
| Bank of AmericaBAC | 1.2% | $150m | 2,627,191 | Held |
| AbbVieABBV | 1.1% | $143m | 569,015 | +6% |
| MerckMRK | 1.0% | $125m | 970,317 | Held |
| Coca-ColaKO | 0.9% | $122m | 1,505,504 | -2% |
| Western DigitalWDC | 0.9% | $120m | 187,935 | New |
| Palo Alto NetworksPANW | 0.9% | $120m | 351,256 | New |
| Procter & GamblePG | 0.9% | $114m | 779,511 | -18% |
| Goldman Sachs GroupGS | 0.9% | $113m | 111,237 | -4% |
| Home DepotHD | 0.9% | $112m | 316,784 | -8% |
| Curtiss WrightCW | 0.8% | $108m | 142,936 | New |
| UnitedHealth GroupUNH | 0.8% | $106m | 256,026 | Held |
| Morgan StanleyMS | 0.8% | $106m | 508,175 | -8% |
| LindeLIN | 0.8% | $106m | 203,325 | Held |
| GE VernovaGEV | 0.8% | $105m | 89,517 | New |
| NetflixNFLX | 0.8% | $105m | 1,465,830 | Held |
| Simon Property GroupSPG | 0.8% | $104m | 466,269 | New |
| TJX CompaniesTJX | 0.8% | $103m | 676,762 | Held |
| AmphenolAPH | 0.8% | $102m | 580,870 | New |
| Texas InstrumentsTXN | 0.8% | $101m | 337,713 | New |
| Verizon CommunicationsVZ | 0.8% | $100m | 2,372,766 | +3% |
| AmgenAMGN | 0.7% | $94m | 260,359 | -5% |
| Booking HoldingsBKNG | 0.7% | $85m | 478,757 | -7% |
| Automatic Data ProcessingADP | 0.6% | $83m | 370,801 | +5% |
| Palantir TechnologiesPLTR | 0.6% | $80m | 686,694 | Held |
| OracleORCL | 0.6% | $75m | 512,981 | Held |
| SalesforceCRM | 0.5% | $68m | 432,871 | +9% |
| S&P GlobalSPGI | 0.5% | $63m | 154,024 | -8% |
| ServiceNowNOW | 0.4% | $48m | 484,785 | +7% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 66.2% since 30 June 2025.
Where the money is
Technology50.9%
Media & telecom10.6%
Retail & consumer10.4%
Financial services9.2%
Health care5.9%
Real estate3.9%
Everyday goods3.2%
Energy2.8%
Industrials2.3%
Materials0.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.