FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND
Institutional investor · Portfolio as of Q3 2025
Top Holdings465 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 4.4M | $823.1M | 7.1% | $120.37 | +51.07% | 27 qtrssince 2018-Q4 | Increased 49 |
APPLE INC | 2.7M | $677.5M | 5.8% | $122.23 | +107.56% | 27 qtrssince 2018-Q4 | Increased 48 |
MICROSOFT CORP | 1.3M | $667.2M | 5.8% | $199.19 | +157.86% | 27 qtrssince 2018-Q4 | Increased 49 |
AMAZON.COM INC | 1.5M | $336M | 2.9% | $137.77 | +61.26% | 27 qtrssince 2018-Q4 | Increased 41 |
META PLATFORMS INC-CLASS A | 428,567 | $314.7M | 2.7% | $274.35 | +170.74% | 27 qtrssince 2018-Q4 | Increased 40 |
ALPHABET INC-CL A | 1.1M | $266M | 2.3% | $107.29 | +127.32% | 27 qtrssince 2018-Q4 | Increased 40 |
ALPHABET INC-CL C | 962,285 | $234.4M | 2.0% | $108.66 | +124.73% | 27 qtrssince 2018-Q4 | Increased 40 |
BROADCOM INC | 707,703 | $233.5M | 2.0% | $176.79 | +85.57% | 27 qtrssince 2018-Q4 | Increased 40 |
VISA INC-CLASS A SHARES | 536,417 | $183.1M | 1.6% | $201.87 | +67.77% | 27 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 214,476 | $163.6M | 1.4% | $302.73 | +150.46% | 27 qtrssince 2018-Q4 | Decreased 0 |
JOHNSON & JOHNSON | 806,000 | $149.4M | 1.3% | $127.50 | +41.55% | 27 qtrssince 2018-Q4 | Increased 35 |
JPMORGAN CHASE & CO | 445,267 | $140.5M | 1.2% | $127.68 | +144.95% | 27 qtrssince 2018-Q4 | Increased 36 |
NETFLIX INC | 115,286 | $138.2M | 1.2% | $59.10 | +104.13% | 27 qtrssince 2018-Q4 | Increased 35 |
MASTERCARD INC - A | 225,790 | $128.4M | 1.1% | $278.22 | +103.63% | 27 qtrssince 2018-Q4 | Increased 37 |
BERKSHIRE HATHAWAY INC-CL B | 253,359 | $127.4M | 1.1% | $313.16 | +59.42% | 27 qtrssince 2018-Q4 | Increased 38 |
WALMART INC | 1.1M | $116.8M | 1.0% | $68.99 | +49.12% | 7 qtrssince 2023-Q4 | Decreased 0 |
PROCTER & GAMBLE CO/THE | 750,178 | $115.3M | 1.0% | $108.18 | +37.98% | 27 qtrssince 2018-Q4 | Increased 31 |
COSTCO WHOLESALE CORP | 113,556 | $105.1M | 0.9% | $406.43 | +126.43% | 27 qtrssince 2018-Q4 | Decreased 0 |
CISCO SYSTEMS INC | 1.4M | $98.5M | 0.8% | $42.61 | +57.32% | 27 qtrssince 2018-Q4 | Increased 32 |
UNITEDHEALTH GROUP INC | 273,318 | $94.4M | 0.8% | $276.22 | +24.13% | 27 qtrssince 2018-Q4 | Increased 30 |
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND manages $11.6B across 465 positions as of Q3 2025. Top holdings: NVDA (7.1%), AAPL (5.8%), MSFT (5.8%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 4/5.0.
Active quarter - 5 new positions, 34 exits, 247 increased. Top move: NVDA (INCREASED, conviction 49). Portfolio: $11.6B across 465 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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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