CIK: 0001666940
Total reported value
$15.1B
Reporting period: 2026-03-31 · Number of holdings: 430
Mn Services Vermogensbeheer B.V. disclosed 430 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $15.1B and a quarterly turnover rate of 13.3%.
Browse other institutions with $10B to $100B AUMBrowse other institutions starting with "M"
Mn Services Vermogensbeheer B.V.'s disclosed holdings carry a Herfindahl concentration index of 0.015 — mathematically equivalent to about 66 equally-sized positions, well below its 430 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.34), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim MSFT
-0.1% -$147.1M
Trim TSLA
-0.1% -$87.7M
Add JNJ
-0.3% $34.3M
Add COST
-0.2% $22.6M
Add AMAT
-0.1% $26.6M
Add MU
-0.1% $22.5M
Mn Services is systematically clipping mega-cap tech and healthcare winners—MSFT, TSLA, LLY—but this is no defensive retreat; it's a disciplined rotation within a momentum-driven framework, harvesting gains from names where momentum may be peaking and recycling capital into a broader set of high-momentum names to sustain alpha generation.
By trimming across the Magnificent Seven cohort without paring overall tech exposure dramatically, Mn Services is betting that the AI capex cycle broadens into a wider market rally that rewards second-derivative beneficiaries over first-movers. The opposing thesis: tech leadership remains a winner-take-most regime, and trimming here forfeits convexity in a concentration-driven rally.
The 100 momentum score is a red flag: this strategy is all-in on a factor that historically suffers violent reversals when consensus positioning flips. Combined with a 37.8% sector overhang in Technology, the portfolio is a single factor-meltdown away from a double hit—multiple compression in both the factor and the sector.
Generated by AI based on public SEC filings. Reflects past holdings only and should not be treated as investment advice.
Showing top 200 holdings (of 430 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 5.06% | +0.01% | -0.20% | |
| 2 | AAPL | Apple INC | Stock-Tech | 4.78% | — | -0.19% | |
| 3 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.98% | -0.14% | -0.14% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.69% | -0.05% | -0.13% | |
| 5 | AVGO | Broadcom INC | Stock-Tech | 3.53% | -0.15% | -0.08% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 3.15% | -0.69% | -0.12% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 3.12% | -0.06% | -0.08% | |
| 8 | TSLA | Tesla INC | Stock-Consumer Disc | 2.75% | -0.35% | -0.09% | |
| 9 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.89% | -0.17% | -0.13% | |
| 10 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.50% | +0.31% | -0.31% | |
| 11 | V | Visa Inc-class A Shares | Stock-Financials | 1.33% | -0.11% | -0.31% | |
| 12 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.24% | -0.01% | +0.68% | |
| 13 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.13% | +0.22% | -0.23% | |
| 14 | NFLX | Netflix INC | Stock-Comm Services | 1.05% | — | -0.11% | |
| 15 | MA | Mastercard INC - A | Stock-Financials | 1.04% | -0.07% | -0.25% | |
| 16 | ABBV | Abbvie INC | Stock-Healthcare | 0.98% | — | -0.10% | |
| 17 | MU | Micron Technology INC | Stock-Tech | 0.96% | +0.20% | -0.12% | |
| 18 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.87% | — | -0.11% | |
| 19 | AMD | Advanced Micro Devices | Stock-Tech | 0.84% | — | -0.11% | |
| 20 | HD | Home Depot INC | Stock-Consumer Disc | 0.84% | — | -0.10% | |
| 21 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.79% | — | -0.10% | |
| 22 | CSCO | Cisco Systems INC | Stock-Tech | 0.79% | — | -0.10% | |
| 23 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.77% | +0.14% | -0.10% | |
| 24 | AMAT | Applied Materials INC | Stock-Tech | 0.71% | +0.21% | -0.10% | |
| 25 | LRCX | Lam Research CORP | Stock-Tech | 0.70% | +0.18% | -0.10% | |
| 26 | WFC | Wells Fargo & Co | Stock-Financials | 0.66% | -0.06% | -0.17% | |
| 27 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.63% | -0.09% | -0.11% | |
| 28 | ORCL | Oracle CORP | Stock-Tech | 0.63% | -0.15% | -0.12% | |
| 29 | GEV | GE Vernova INC | Stock-Industrials | 0.61% | +0.18% | +0.19% | |
| 30 | LIN | Linde plc | Stock-Materials | 0.60% | +0.12% | -0.16% | |
| 31 | IBM | Intl Business Machines CORP | Stock-Tech | 0.57% | -0.09% | -0.17% | |
| 32 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.57% | — | -0.11% | |
| 33 | PEP | Pepsico INC | Stock-Consumer Staples | 0.54% | — | -0.09% | |
| 34 | VZ | Verizon Communications INC | Stock-Comm Services | 0.54% | +0.13% | -0.10% | |
| 35 | T | At&t INC | Stock-Comm Services | 0.53% | +0.11% | +0.20% | |
| 36 | BAC | Bank Of America CORP | Stock-Financials | 0.53% | -0.02% | +0.75% | |
| 37 | KLAC | Kla CORP | Stock-Tech | 0.50% | +0.12% | -0.19% | |
| 38 | INTC | Intel CORP | Stock-Tech | 0.49% | +0.11% | +0.19% | |
| 39 | AMGN | Amgen INC | Stock-Healthcare | 0.48% | — | -0.10% | |
| 40 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.47% | -0.05% | -0.07% | |
| 41 | CRM | Salesforce INC | Stock-Tech | 0.46% | -0.15% | +0.56% | |
| 42 | ABT | Abbott Laboratories | Stock-Healthcare | 0.46% | -0.06% | +0.19% | |
| 43 | TXN | Texas Instruments INC | Stock-Tech | 0.45% | — | +0.23% | |
| 44 | GILD | Gilead Sciences INC | Stock-Healthcare | 0.45% | — | +0.60% | |
| 45 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.45% | -0.04% | +0.26% | |
| 46 | AXP | American Express Co | Stock-Financials | 0.44% | -0.05% | +0.65% | |
| 47 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.42% | -0.06% | +0.58% | |
| 48 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.42% | — | +0.75% | |
| 49 | PFE | Pfizer INC | Stock-Healthcare | 0.41% | — | -0.12% | |
| 50 | ADI | Analog Devices INC | Stock-Tech | 0.40% | — | +0.21% |
Performance for Q3 2026
+3.6%
Performance Last 4 Quarters
+23.2%
Based on 78% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 430 | $15.1B | 13 | |
| 2025-12-31 | 442 | $16.3B | 12 | |
| 2025-09-30 | 458 | $15.5B | 26 | |
| 2025-06-30 | 466 | $14.4B | 0 | |
| 2025-03-31 | 462 | $12.9B | 100 | |
| 2024-12-31 | 476 | $14.8B | 0 | |
| 2024-09-30 | 481 | $14.3B | 0 | |
| 2024-06-30 | 491 | $13.8B | 0 | |
| 2024-03-31 | 501 | $13.8B | 0 | |
| 2023-12-31 | 429 | $11.1B | 0 | |
| 2023-09-30 | 445 | $10.4B | 0 | |
| 2023-06-30 | 456 | $10.7B | 0 | |
| 2023-03-31 | 413 | $9.7B | 0 | |
| 2022-12-31 | 421 | $8.9B | 0 | |
| 2022-09-30 | 424 | $9.5B | 0 | |
| 2022-06-30 | 432 | $10.7B | 0 | |
| 2022-03-31 | 382 | $15.0B | 0 | |
| 2021-12-31 | 386 | $17.1B | 0 | |
| 2021-09-30 | 399 | $16.2B | 0 | |
| 2021-06-30 | 383 | $12.9B | 100 | |
| 2020-12-31 | 322 | $14.2B | 14 | |
| 2020-09-30 | 334 | $12.7B | 14 | |
| 2020-06-30 | 338 | $11.7B | 34 | |
| 2020-03-31 | 325 | $8.9B | 28 | |
| 2019-12-31 | 324 | $11.7B | 16 | |
| 2019-09-30 | 338 | $10.8B | 63 | |
| 2019-06-30 | 656 | $8.5B | 19 | |
| 2019-03-31 | 634 | $8.6B | 30 | |
| 2018-12-31 | 634 | $6.6B | 64 | |
| 2018-09-30 | 662 | $4.3B | 11 | |
| 2018-06-30 | 666 | $4.0B | 11 | |
| 2018-03-31 | 668 | $3.8B | 20 | |
| 2017-12-31 | 670 | $3.2B | 20 | |
| 2017-09-30 | 671 | $3.8B | 9 | |
| 2017-06-30 | 673 | $3.6B | 100 | |
| 2017-03-31 | 623 | $517.1M | 14 | |
| 2016-12-31 | 620 | $490.4M | 10 | |
| 2016-09-30 | 614 | $502.0M | 17 | |
| 2016-06-30 | 618 | $432.5M | 16 | |
| 2016-03-31 | 672 | $430.0M | 0 |
Mn Services Vermogensbeheer B.V.'s most significant position changes for 2026-03-31: Trim: Microsoft CORP (MSFT) — shares -0.12%; Trim: Tesla INC (TSLA) — shares -0.09%; Trim: Johnson & Johnson (JNJ) — shares -0.31%; Trim: Costco Wholesale CORP (COST) — shares -0.23%; Trim: Applied Materials INC (AMAT) — shares -0.10%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | JNJ | Johnson & Johnson | +0.3% | -0.31% | Trim |
| 2 | COST | Costco Wholesale CORP | +0.2% | -0.23% | Trim |
| 3 | AMAT | Applied Materials INC | +0.2% | -0.10% | Trim |
| 4 | MU | Micron Technology INC | +0.2% | -0.12% | Trim |
| 5 | GEV | GE Vernova INC | +0.2% | +0.19% | Add |
| 6 | LRCX | Lam Research CORP | +0.2% | -0.10% | Trim |
| 7 | MRK | Merck & Co. INC. | +0.1% | -0.10% | Trim |
| 8 | VZ | Verizon Communications INC | +0.1% | -0.10% | Trim |
| 9 | KLAC | Kla CORP | +0.1% | -0.19% | Trim |
| 10 | LIN | Linde plc | +0.1% | -0.16% | Trim |
| 11 | INTC | Intel CORP | +0.1% | +0.19% | Add |
| 12 | T | At&t INC | +0.1% | +0.20% | Add |
| 13 | WDC | Western Digital CORP | +0.1% | -1.63% | Trim |
| 14 | DE | Deere & Co | +0.1% | -0.20% | Trim |
| 15 | NVDA | Nvidia CORP | 0% | -0.20% | Trim |
| 16 | AAPL | Apple INC | — | -0.19% | Trim |
| 17 | JPM | Jpmorgan Chase & Co | 0% | +0.68% | Add |
| 18 | BAC | Bank Of America CORP | 0% | +0.75% | Add |
| 19 | DIS | Walt Disney Co/the | 0% | +0.26% | Add |
| 20 | DHR | Danaher CORP | 0% | -0.76% | Trim |
| 21 | GOOGL | Alphabet Inc-cl A | -0.1% | -0.13% | Trim |
| 22 | AXP | American Express Co | -0.1% | +0.65% | Add |
| 23 | TMO | Thermo Fisher Scientific INC | -0.1% | -0.07% | Trim |
| 24 | SPGI | S&p Global INC | -0.1% | +0.33% | Add |
| 25 | GOOG | Alphabet Inc-cl C | -0.1% | -0.08% | Trim |
| 26 | WFC | Wells Fargo & Co | -0.1% | -0.17% | Trim |
| 27 | ABT | Abbott Laboratories | -0.1% | +0.19% | Add |
| 28 | ISRG | Intuitive Surgical INC | -0.1% | +0.58% | Add |
| 29 | DASH | Doordash INC - A | -0.1% | -1.28% | Trim |
| 30 | MA | Mastercard INC - A | -0.1% | -0.25% | Trim |
| 31 | COF | Capital One Financial CORP | -0.1% | -0.77% | Trim |
| 32 | HOOD | Robinhood Markets INC - A | -0.1% | -0.77% | Trim |
| 33 | ACN | Accenture plc | -0.1% | -0.78% | Trim |
| 34 | UNH | Unitedhealth Group INC | -0.1% | -0.11% | Trim |
| 35 | IBM | Intl Business Machines CORP | -0.1% | -0.17% | Trim |
| 36 | QCOM | Qualcomm INC | -0.1% | -0.75% | Trim |
| 37 | SHOP | Shopify INC - Class A | -0.1% | +0.76% | Add |
| 38 | BSX | Boston Scientific CORP | -0.1% | -0.77% | Trim |
| 39 | ADBE | Adobe INC | -0.1% | -0.73% | Trim |
| 40 | V | Visa Inc-class A Shares | -0.1% | -0.31% | Trim |
| 41 | NOW | Servicenow INC | -0.1% | -0.77% | Trim |
| 42 | INTU | Intuit INC | -0.1% | — | Unchanged |
| 43 | AMZN | Amazon.com INC | -0.1% | -0.14% | Trim |
| 44 | APP | Applovin Corp-class A | -0.1% | -0.78% | Trim |
| 45 | AVGO | Broadcom INC | -0.2% | -0.08% | Trim |
| 46 | ORCL | Oracle CORP | -0.2% | -0.12% | Trim |
| 47 | CRM | Salesforce INC | -0.2% | +0.56% | Add |
| 48 | LLY | Eli Lilly & Co | -0.2% | -0.13% | Trim |
| 49 | TSLA | Tesla INC | -0.4% | -0.09% | Trim |
| 50 | MSFT | Microsoft CORP | -0.7% | -0.12% | Trim |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-30 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-15 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-31 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-10 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-17 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-05 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-30 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-25 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-29 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-29 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-25 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-09 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-26 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-03 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-01 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-03 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-10 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-10 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-03 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-05 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-09 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-04 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-23 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-12 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-12 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-12 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-25 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-06 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-12 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-02 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-13 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-11 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-02 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-01 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-24 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-11 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-08 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-05 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-28 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0000889232
Total reported value
$15.1B
10 stks
2026-03-31
AUM within 0.1% of this institution
CIK 0001553562
Total reported value
$15.1B
117 stks
2026-03-31
AUM within 0.4% of this institution
CIK 0001815467
Total reported value
$15.1B
1 stks
2026-03-31
AUM within 0.4% of this institution
Institutions with overlapping top holdings
CIK 0001912835
Total reported value
$119.6M
85 stks
2026-03-31
5 of the top 5 holdings overlap, including Nvidia CORP
CIK 0002086529
Total reported value
$144.1M
32 stks
2026-03-31
5 of the top 5 holdings overlap, including Apple INC
CIK 0000002230
Total reported value
$2.8B
99 stks
2026-03-31
4 of the top 5 holdings overlap, including Nvidia CORP