Danica Pension Cuts Stakes Across Tech Utilities Financials

Danica Pension Livsforsikringsaktieselskab disclosed significant reductions across multiple holdings in the first quarter, trimming positions in MongoDB, Quanta Services, NextEra Energy, Block, and U.S. Bancorp. In MongoDB, the firm cut its stake by 32.5% to 172,280 shares, valued at about $42.2 million. In Quanta Services, it decreased its stake by 36.9% to 21,313 shares, worth roughly $11.7 million. In NextEra Energy, it reduced its holding by 40.3% to 949,166 shares, valued at about $88.2 million, making it a top-10 position. In Block, it lowered its position by 59.8% to 868,370 shares, worth around $52.3 million. In U.S. Bancorp, it trimmed by 77.5% to 283,081 shares, valued at about $14.7 million.