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Cardano Risk Management B.V.

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13F filer, CIK 1619124, ROTTERDAM, Netherlands

Cardano Risk Management B.V. reported $9,942,233,000 across 35 holdings for the quarter ended 2025-12-31, in a 13F-HR/A filed 2026-05-27. Its ten largest share positions make up 68.06% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001619124-26-000005

Period
2025-12-31
Reported value
$9.94B
Holdings
35
Top 10 weight
68.06%
New
4
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LAM RESEARCH CORPnew+678,052$116M
NFLXadded+1,219,921$114M
CISCO SYSTEMSnew+1,340,850$103M
MRKnew+961,932$101M
AMDnew+467,306$100M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
CSCOexited-1,415,849-$96.9M
FISVreduced-183,931-$43.8M
GOOGreduced-92,586-$29.1M
GOOGLreduced-67,924-$21.3M
AMZNreduced-58,572-$13.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR/A 0001619124-26-000005, largest first. % of portfolio is the value over $9,942,233,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,106,823 shares; 2024Q4: 7,054,299 shares; 2025Q1: 7,299,222 shares; 2025Q2: 7,662,543 shares; 2025Q3: 7,840,421 shares; 2025Q4: 7,812,396 shares 7,812,396$1.46B14.65%-28,025Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,723,104 shares; 2024Q4: 3,839,577 shares; 2025Q1: 3,972,122 shares; 2025Q2: 4,152,231 shares; 2025Q3: 4,238,026 shares; 2025Q4: 4,198,481 shares 4,198,481$1.14B11.48%-39,545Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,161,101 shares; 2024Q4: 2,150,988 shares; 2025Q1: 2,210,556 shares; 2025Q2: 2,278,296 shares; 2025Q3: 2,336,917 shares; 2025Q4: 2,356,825 shares 2,356,825$1.14B11.46%+19,908Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,439,398 shares; 2024Q4: 2,404,209 shares; 2025Q1: 2,528,955 shares; 2025Q2: 2,745,630 shares; 2025Q3: 2,844,812 shares; 2025Q4: 2,786,240 shares 2,786,240$643M6.47%-58,572Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,528,108 shares; 2024Q4: 1,506,471 shares; 2025Q1: 1,848,544 shares; 2025Q2: 1,591,352 shares; 2025Q3: 1,861,846 shares; 2025Q4: 1,769,260 shares 1,769,260$555M5.58%-92,586Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,511,083 shares; 2024Q4: 1,450,380 shares; 2025Q1: 1,511,275 shares; 2025Q2: 1,880,941 shares; 2025Q3: 1,520,452 shares; 2025Q4: 1,452,528 shares 1,452,528$455M4.57%-67,924Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,149,742 shares; 2024Q4: 1,137,908 shares; 2025Q1: 1,179,119 shares; 2025Q2: 1,245,419 shares; 2025Q3: 1,275,099 shares; 2025Q4: 1,268,980 shares 1,268,980$439M4.42%-6,119Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 730,898 shares; 2024Q4: 715,197 shares; 2025Q1: 763,974 shares; 2025Q2: 804,599 shares; 2025Q3: 834,553 shares; 2025Q4: 820,206 shares 820,206$369M3.71%-14,347Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 744,806 shares; 2024Q4: 745,016 shares; 2025Q1: 840,808 shares; 2025Q2: 860,880 shares; 2025Q3: 848,848 shares; 2025Q4: 821,361 shares 821,361$288M2.9%-27,487Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 794,613 shares; 2024Q4: 791,764 shares; 2025Q1: 812,863 shares; 2025Q2: 856,259 shares; 2025Q3: 876,716 shares; 2025Q4: 867,353 shares 867,353$279M2.81%-9,363Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 216,372 shares; 2024Q4: 218,515 shares; 2025Q1: 224,754 shares; 2025Q2: 236,517 shares; 2025Q3: 243,316 shares; 2025Q4: 237,505 shares 237,505$255M2.57%-5,811Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 359,079 shares; 2024Q4: 368,690 shares; 2025Q1: 422,860 shares; 2025Q2: 442,244 shares; 2025Q3: 423,462 shares; 2025Q4: 407,221 shares 407,221$232M2.34%-16,241Timeline
BKRBAKER HUGHES COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,579,325 shares; 2024Q4: 4,257,295 shares; 2025Q1: 4,111,475 shares; 2025Q2: 4,949,808 shares; 2025Q3: 4,465,829 shares; 2025Q4: 4,935,331 shares 4,935,331$225M2.26%+469,502Timeline
WELLWELLTOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 658,763 shares; 2025Q2: 837,165 shares; 2025Q3: 901,524 shares; 2025Q4: 951,354 shares 951,354$177M1.78%+49,830Timeline
COSTCOSTCO WHOLESALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 138,911 shares; 2024Q4: 139,415 shares; 2025Q1: 156,711 shares; 2025Q2: 165,924 shares; 2025Q3: 177,247 shares; 2025Q4: 178,508 shares 178,508$154M1.55%+1,261Timeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 867,743 shares; 2024Q4: 893,009 shares; 2025Q1: 906,436 shares; 2025Q2: 963,891 shares; 2025Q3: 1,021,463 shares; 2025Q4: 1,122,873 shares 1,122,873$143M1.44%+101,410Timeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,395,852 shares; 2025Q3: 2,473,714 shares; 2025Q4: 2,509,526 shares 2,509,526$138M1.39%+35,812Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 765,334 shares; 2024Q4: 747,768 shares; 2025Q1: 748,404 shares; 2025Q2: 781,181 shares; 2025Q3: 790,314 shares; 2025Q4: 952,144 shares 952,144$136M1.37%+161,830Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 119,387 shares; 2025Q1: 129,092 shares; 2025Q2: 138,771 shares; 2025Q3: 139,323 shares; 2025Q4: 1,359,244 shares 1,359,244$127M1.28%+1,219,921Timeline
ABBVABBVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 493,837 shares; 2025Q2: 524,041 shares; 2025Q3: 536,670 shares; 2025Q4: 544,493 shares 544,493$124M1.25%+7,823Timeline
PLTRPALANTIR TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 647,287 shares; 2025Q4: 658,563 shares 658,563$117M1.18%+11,276Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 21,155 shares; 2025Q3: 22,669 shares; 2025Q4: 21,808 shares 21,808$117M1.17%-861Timeline
LAM RESEARCH CORPLAM RESEARCH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 678,052 shares 678,052$116M1.17%new
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 306,766 shares; 2024Q4: 309,760 shares; 2025Q1: 311,547 shares; 2025Q2: 320,913 shares; 2025Q3: 328,561 shares; 2025Q4: 329,054 shares 329,054$113M1.14%+493Timeline
CISCO SYSTEMSCISCO SYSTEMSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,340,850 shares 1,340,850$103M1.04%new
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 334,579 shares; 2025Q1: 339,785 shares; 2025Q2: 359,148 shares; 2025Q3: 379,005 shares; 2025Q4: 388,361 shares 388,361$103M1.03%+9,356Timeline
MRKMERCK & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 815,349 shares; 2024Q4: 853,754 shares; 2025Q1: 870,241 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 961,932 shares 961,932$101M1.02%newTimeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,492,231 shares; 2025Q4: 1,443,219 shares 1,443,219$101M1.01%-49,012Timeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 467,306 shares 467,306$100M1.01%newTimeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 498,177 shares; 2025Q3: 508,076 shares; 2025Q4: 499,101 shares 499,101$97.3M0.98%-8,975Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 183,686 shares; 2025Q4: 176,023 shares 176,023$92M0.93%-7,663Timeline
ADPAUTOMATIC DATA PROCESSING INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 339,325 shares; 2025Q4: 356,318 shares 356,318$91.7M0.92%+16,993Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,114 shares; 2024Q4: 248,198 shares; 2025Q1: 257,198 shares; 2025Q2: 263,367 shares; 2025Q3: 261,694 shares; 2025Q4: 252,370 shares 252,370$83.3M0.84%-9,324Timeline
NOWSERVICENOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 99,130 shares; 2025Q1: 95,392 shares; 2025Q2: 100,667 shares; 2025Q3: 104,817 shares; 2025Q4: 491,746 shares 491,746$75.3M0.76%+386,929Timeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 473,442 shares; 2025Q1: 450,210 shares; 2025Q2: 447,541 shares; 2025Q3: 401,168 shares; 2025Q4: 217,237 shares 217,237$51.7M0.52%-183,931Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
CSCOCISCO SYS INC1,415,849$96.9Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001619124-26-000001 superseded2026-02-13acceptance time not in the bulk data set
13F-HR/A 0001619124-26-000005 baserestatement2026-05-27acceptance time not in the bulk data set