FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND
Institutional investor · Portfolio as of Q4 2025
Top Holdings499 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 4.2M | $785.4M | 6.6% | $120.37 | +55.81% | 28 qtrssince 2018-Q4 | Decreased 0 |
APPLE INC | 2.5M | $690M | 5.8% | $122.23 | +121.82% | 28 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 1.3M | $613M | 5.1% | $199.19 | +144.73% | 28 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 1.5M | $348.1M | 2.9% | $137.77 | +68.78% | 28 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL A | 1M | $318.3M | 2.7% | $107.29 | +192.53% | 28 qtrssince 2018-Q4 | Decreased 0 |
META PLATFORMS INC-CLASS A | 429,787 | $283.7M | 2.4% | $275.47 | +141.75% | 28 qtrssince 2018-Q4 | Increased 53 |
ALPHABET INC-CL C | 888,585 | $278.8M | 2.3% | $108.66 | +189.47% | 28 qtrssince 2018-Q4 | Decreased 0 |
BROADCOM INC | 702,723 | $243.2M | 2.0% | $176.50 | +98.21% | 28 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 214,536 | $230.6M | 1.9% | $302.95 | +253.03% | 28 qtrssince 2018-Q4 | Increased 48 |
ISHARES CORE MSCI EMERGING | 3.1M | $207.7M | 1.7% | $67.39 | 0.00% | 1 qtr | New 70 |
VISA INC-CLASS A SHARES | 537,177 | $188.4M | 1.6% | $202.08 | +72.52% | 28 qtrssince 2018-Q4 | Increased 48 |
JOHNSON & JOHNSON | 796,200 | $164.8M | 1.4% | $127.50 | +62.29% | 28 qtrssince 2018-Q4 | Decreased 0 |
JPMORGAN CHASE & CO | 438,187 | $141.2M | 1.2% | $127.68 | +152.17% | 28 qtrssince 2018-Q4 | Decreased 0 |
MASTERCARD INC - A | 228,070 | $130.2M | 1.1% | $281.20 | +105.03% | 28 qtrssince 2018-Q4 | Increased 48 |
BERKSHIRE HATHAWAY INC-CL B | 253,899 | $127.6M | 1.1% | $313.56 | +60.64% | 28 qtrssince 2018-Q4 | Increased 47 |
WALMART INC | 1.1M | $122.4M | 1.0% | $68.99 | +62.24% | 8 qtrssince 2023-Q4 | Decreased 0 |
NETFLIX INC | 1.1M | $107.4M | 0.9% | $90.29 | +3.86% | 28 qtrssince 2018-Q4 | Increased 68 |
CISCO SYSTEMS INC | 1.4M | $105.8M | 0.9% | $42.61 | +78.18% | 28 qtrssince 2018-Q4 | Decreased 0 |
PROCTER & GAMBLE CO/THE | 736,378 | $105.5M | 0.9% | $108.18 | +29.59% | 28 qtrssince 2018-Q4 | Decreased 0 |
COSTCO WHOLESALE CORP | 114,416 | $98.7M | 0.8% | $409.83 | +109.49% | 28 qtrssince 2018-Q4 | Increased 42 |
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND manages $11.9B across 499 positions as of Q4 2025. Top holdings: NVDA (6.6%), AAPL (5.8%), MSFT (5.1%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 4/5.0.
Active quarter - 57 new positions, 23 exits, 143 increased. Top move: IEMG (NEW, conviction 70). Portfolio: $11.9B across 499 positions.
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Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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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