FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND
Institutional investor · Portfolio as of Q1 2026
Top Holdings538 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 6.8M | $1.2B | 6.5% | $143.14 | +25.78% | 29 qtrssince 2018-Q4 | Increased 90 |
APPLE INC | 4.1M | $1B | 5.7% | $171.99 | +47.30% | 29 qtrssince 2018-Q4 | Increased 89 |
MICROSOFT CORP | 2.1M | $766.6M | 4.2% | $278.63 | +44.97% | 29 qtrssince 2018-Q4 | Increased 85 |
AMAZON.COM INC | 2.5M | $513.1M | 2.8% | $165.29 | +26.28% | 29 qtrssince 2018-Q4 | Increased 78 |
ISHARES CORE MSCI EMERGING | 6.9M | $479.4M | 2.6% | $69.81 | +2.83% | 2 qtrssince 2025-Q4 | Increased 87 |
ALPHABET INC-CL A | 1.6M | $474.2M | 2.6% | $182.51 | +66.33% | 29 qtrssince 2018-Q4 | Increased 78 |
ALPHABET INC-CL C | 1.4M | $410.1M | 2.2% | $182.42 | +66.40% | 29 qtrssince 2018-Q4 | Increased 77 |
META PLATFORMS INC-CLASS A | 696,047 | $398.2M | 2.2% | $420.68 | +55.72% | 29 qtrssince 2018-Q4 | Increased 77 |
BROADCOM INC | 1.1M | $353.2M | 1.9% | $229.26 | +36.90% | 29 qtrssince 2018-Q4 | Increased 71 |
ELI LILLY & CO | 344,542 | $316.9M | 1.7% | $534.60 | +71.51% | 29 qtrssince 2018-Q4 | Increased 70 |
JOHNSON & JOHNSON | 1.2M | $297.2M | 1.6% | $168.66 | +46.30% | 29 qtrssince 2018-Q4 | Increased 68 |
VISA INC-CLASS A SHARES | 866,330 | $261.8M | 1.4% | $239.68 | +25.61% | 29 qtrssince 2018-Q4 | Increased 70 |
WALMART INC | 1.8M | $219.1M | 1.2% | $91.19 | +40.27% | 9 qtrssince 2023-Q4 | Increased 69 |
JPMORGAN CHASE & CO | 692,247 | $203.6M | 1.1% | $191.02 | +57.19% | 29 qtrssince 2018-Q4 | Increased 69 |
BERKSHIRE HATHAWAY INC-CL B | 415,039 | $198.9M | 1.1% | $378.71 | +27.10% | 29 qtrssince 2018-Q4 | Increased 70 |
MASTERCARD INC - A | 368,812 | $184.3M | 1.0% | $373.98 | +40.20% | 29 qtrssince 2018-Q4 | Increased 69 |
COSTCO WHOLESALE CORP | 182,526 | $181.9M | 1.0% | $627.59 | +58.29% | 29 qtrssince 2018-Q4 | Increased 62 |
NETFLIX INC | 1.8M | $177.2M | 1.0% | $93.09 | +4.95% | 29 qtrssince 2018-Q4 | Increased 62 |
PROCTER & GAMBLE CO/THE | 1.2M | $171.2M | 0.9% | $121.09 | +17.51% | 29 qtrssince 2018-Q4 | Increased 62 |
CISCO SYSTEMS INC | 2.2M | $169.8M | 0.9% | $55.38 | +38.84% | 29 qtrssince 2018-Q4 | Increased 61 |
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND manages $18.3B across 538 positions as of Q1 2026. Top holdings: NVDA (6.5%), AAPL (5.7%), MSFT (4.2%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 4/5.0.
Active quarter - 46 new positions, 7 exits, 468 increased. Top move: NVDA (INCREASED, conviction 90). Portfolio: $18.3B across 538 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer