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FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND

P.O. BOX 3069, STOCKHOLM, V7 SE 10361 • 004687877500

Q2 2025 · Filed 2025-08-01
Market Value
$10.8B
+29.8%
Holdings
518
-6
New Purchases
4
Added To
413
Closed
35
Reduced
66
Top 10 Concentration
31.6%
Turnover
7.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 6.31% 4.65% +1.66% $681M
MSFT 5.82% 4.72% +1.10% $627M
AVGO 1.77% 1.16% +0.61% $191M
META 2.92% 2.45% +0.47% $315M
UBER 0.46% 0.08% +0.38% $49M
NFLX 1.43% 1.05% +0.37% $154M
GE 0.65% 0.32% +0.34% $70M
ABT 0.63% 0.40% +0.23% $68M
AMZN 3.08% 2.89% +0.19% $332M
WMT 1.03% 0.86% +0.18% $112M
UNP 0.36% 0.19% +0.17% $39M
ETN 0.30% 0.15% +0.15% $33M
LIN 0.24% 0.10% +0.14% $26M
PLTR 0.43% 0.29% +0.14% $46M
ORCL 0.55% 0.43% +0.12% $59M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 5.02% 5.84% -0.83% $541M
TSLA 0.38% 1.17% -0.79% $41M
UNH 0.79% 1.47% -0.68% $85M
LLY 1.59% 1.88% -0.29% $171M
BKR 0.39% 0.65% -0.26% $43M
BRK-B 1.06% 1.30% -0.24% $114M
ACGL 0.00% 0.22% -0.22% $0
ABBV 0.58% 0.78% -0.20% $62M
PG 1.10% 1.29% -0.19% $119M
JNJ 1.13% 1.32% -0.18% $122M
MRK 0.68% 0.86% -0.17% $74M
TMUS 0.42% 0.57% -0.15% $45M
MA 1.10% 1.24% -0.14% $119M
PEP 0.59% 0.73% -0.13% $64M
PANW 0.23% 0.36% -0.13% $25M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 32.3%
Financial Services 15.9%
Healthcare 12.0%
Communication Services 11.0%
Consumer Cyclical 8.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 51 $5.9B 55.1%
Large Cap 420 $4.8B 44.1%
Mid Cap 45 $87M 0.8%
Small Cap 1 $0 0.0%
Micro Cap 1 $197K 0.0%

Portfolio Analytics

Avg Market Cap
$133.5B
Median Market Cap
$32.9B
Avg P/E
35.0
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
1.01
# Stocks
518
# ETFs / Funds
0

Top Holdings (518 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.31% 4,309,000 $681M $157.99 $294M +741,100 +20.8%
2 MSFT 5.82% 1,260,780 $627M $497.41 $235M +216,600 +20.7%
3 AAPL 5.02% 2,636,499 $541M $205.17 $56M +451,200 +20.6%
4 AMZN 3.08% 1,513,246 $332M $219.39 $92M +253,200 +20.1%
5 META 2.92% 426,598 $315M $738.09 $112M +73,900 +20.9%
6 V 1.79% 544,783 $193M $355.05 $34M +89,600 +19.7%
7 GOOGL 1.78% 1,091,020 $192M $176.23 $53M +192,400 +21.4%
8 AVGO 1.77% 691,990 $191M $275.65 $94M +116,300 +20.2%
9 LLY 1.59% 219,814 $171M $779.53 $15M +30,900 +16.4%
10 GOOG 1.54% 938,973 $167M $177.39 $45M +159,100 +20.4%
11 NFLX 1.43% 114,786 $154M $1,339.13 $66M +21,100 +22.5%
12 JPM 1.18% 437,514 $127M $289.91 $38M +73,400 +20.2%
13 JNJ 1.13% 798,269 $122M $152.75 $13M +139,300 +21.1%
14 PG 1.10% 747,234 $119M $159.32 $12M +118,600 +18.9%
15 MA 1.10% 211,339 $119M $561.94 $16M +23,300 +12.4%
16 BRK-B 1.06% 235,359 $114M $485.77 $7M +33,200 +16.4%
17 COST 1.05% 114,556 $113M $989.94 $22M +17,600 +18.1%
18 WMT 1.03% 1,141,500 $112M $97.78 $40M +330,600 +40.8%
19 CSCO 0.90% 1,396,668 $97M $69.38 $22M +189,300 +15.7%
20 KO 0.81% 1,240,506 $88M $70.75 $16M +236,600 +23.6%
21 UNH 0.79% 273,118 $85M $311.97 -$37M +40,500 +17.4%
22 MRK 0.68% 930,129 $74M $79.16 $2M +137,300 +17.3%
23 GE 0.65% 273,565 $70M $257.39 $44M +142,700 +109.0%
24 ABT 0.63% 499,788 $68M $136.01 $35M +251,300 +101.1%
25 IBM 0.59% 217,281 $64M $294.78 $16M +25,000 +13.0%
26 PEP 0.59% 482,508 $64M $132.04 $3M +80,500 +20.0%
27 ABBV 0.58% 334,184 $62M $185.62 -$3M +25,400 +8.2%
28 PGR 0.57% 229,070 $61M $266.86 $19M +80,500 +54.2%
29 ACN 0.56% 201,721 $60M $298.89 $6M +28,900 +16.7%
30 ORCL 0.55% 271,761 $59M $218.63 $24M +14,993 +5.8%
31 MCD 0.55% 202,070 $59M $292.17 $8M +37,100 +22.5%
32 INTU 0.54% 73,740 $58M $787.63 $22M +15,200 +26.0%
33 HD 0.54% 157,758 $58M $366.64 $8M +22,949 +17.0%
34 BAC 0.52% 1,174,970 $56M $47.32 $18M +272,400 +30.2%
35 T 0.50% 1,856,370 $54M $28.94 $11M +336,900 +22.2%
36 VZ 0.47% 1,174,982 $51M $43.27 $7M +212,600 +22.1%
37 ADBE 0.46% 128,323 $50M $386.88 $10M +24,400 +23.5%
38 UBER 0.46% 528,633 $49M $93.30 $43M +440,093 +497.1%
39 TXN 0.44% 229,931 $48M $207.62 $10M +21,800 +10.5%
40 MMC 0.44% 218,131 $48M $218.64 $3M +34,400 +18.7%
41 QCOM 0.44% 297,334 $47M $159.26 $9M +50,200 +20.3%
42 PLTR 0.43% 339,323 $46M $136.32 $22M +55,100 +19.4%
43 ISRG 0.43% 84,779 $46M $543.41 $11M +13,000 +18.1%
44 CAT 0.43% 118,546 $46M $388.21 $12M +16,700 +16.4%
45 TMUS 0.42% 189,954 $45M $238.26 -$2M +13,900 +7.9%
46 LNG 0.42% 183,790 $45M $243.52 $747K -6,400 -3.4%
47 TJX 0.40% 351,468 $43M $123.49 $9M +69,600 +24.7%
48 MCK 0.40% 59,153 $43M $732.78 $9M +8,300 +16.3%
49 BKR 0.39% 1,109,203 $43M $38.34 -$12M -127,900 -10.3%
50 WFC 0.39% 523,045 $42M $80.12 $11M +88,900 +20.5%
51 CRM 0.39% 153,655 $42M $272.69 $7M +24,900 +19.3%
52 TSLA 0.38% 128,262 $41M $317.66 -$56M -246,000 -65.7%
53 VRTX 0.38% 91,088 $41M $445.20 $5M +17,200 +23.3%
54 NOW 0.37% 39,256 $40M $1,028.07 $14M +5,800 +17.3%
55 ROP 0.37% 69,998 $40M $566.84 $6M +12,800 +22.4%
56 AMAT 0.37% 216,572 $40M $183.07 $12M +24,100 +12.5%
57 CB 0.37% 136,264 $39M $289.72 $5M +21,700 +18.9%
58 ABC 0.36% 130,166 $39M $299.85 $16M +46,100 +54.8%
59 UNP 0.36% 168,826 $39M $230.08 $23M +100,603 +147.5%
60 ADP 0.36% 124,717 $38M $308.40 $7M +21,300 +20.6%
61 RSG 0.34% 150,274 $37M $246.61 $9M +35,700 +31.2%
62 AMD 0.34% 257,102 $36M $141.90 $14M +40,500 +18.7%
63 BLK 0.34% 34,461 $36M $1,049.24 $9M +5,700 +19.8%
64 LRCX 0.33% 365,060 $36M $97.34 $13M +58,500 +19.1%
65 DIS 0.33% 285,000 $35M $124.01 $12M +44,700 +18.6%
66 GS 0.32% 49,125 $35M $707.75 $13M +8,500 +20.9%
67 WM 0.32% 150,996 $35M $228.82 $9M +41,300 +37.6%
68 GILD 0.32% 306,463 $34M $110.87 $3M +28,300 +10.2%
69 ETN 0.30% 91,705 $33M $356.99 $20M +44,900 +95.9%
70 CME 0.30% 117,845 $32M $275.62 $11M +35,700 +43.5%
71 APH 0.29% 320,764 $32M $98.75 $10M -12,500 -3.8%
72 ANTM 0.29% 81,212 $32M $388.96 $11M +34,500 +73.9%
73 FTNT 0.29% 294,780 $31M $105.72 $13M +106,200 +56.3%
74 KLAC 0.29% 34,602 $31M $895.73 $11M +4,500 +14.9%
75 BSX 0.29% 287,958 $31M $107.41 $8M +55,800 +24.0%
76 ANET 0.28% 299,084 $31M $102.31 $11M +46,500 +18.4%
77 AXP 0.28% 95,663 $31M $318.98 $8M +12,300 +14.8%
78 AMGN 0.28% 108,381 $30M $279.21 $2M +18,600 +20.7%
79 BKNG 0.28% 5,195 $30M $5,789.22 $10M +888 +20.6%
80 CL 0.28% 329,484 $30M $90.90 $9M +103,000 +45.5%
81 CEG 0.27% 90,094 $29M $322.76 $5M -27,200 -23.2%
82 MELI 0.27% 10,960 $29M $2,613.59 $8M +600 +5.8%
83 AZO 0.26% 7,691 $29M $3,712.26 $4M +1,300 +20.3%
84 WCN 0.26% 151,800 $28M $186.72 $5M +34,700 +29.6%
85 MDLZ 0.26% 411,730 $28M $67.44 $9M +129,400 +45.8%
86 SPGI 0.26% 52,300 $28M $527.28 $4M +6,400 +13.9%
87 TT 0.25% 62,549 $27M $437.42 $10M +10,200 +19.5%
88 MS 0.25% 191,333 $27M $140.86 $9M +36,800 +23.8%
89 ORLY 0.25% 297,035 $27M $90.13 $4M +281,006 +1753.1%
90 C 0.25% 314,064 $27M $85.12 $8M +48,100 +18.1%
91 CMG 0.24% 466,150 $26M $56.15 $11M +157,700 +51.1%
92 SCHW 0.24% 286,460 $26M $91.24 $7M +43,600 +17.9%
93 AON 0.24% 73,085 $26M $356.76 $818K +9,800 +15.5%
94 LIN 0.24% 55,487 $26M $469.17 $18M +37,900 +215.5%
95 AJG 0.23% 77,294 $25M $320.12 $2M +12,800 +19.9%
96 PANW 0.23% 120,396 $25M $204.64 -$5M -54,200 -31.0%
97 KR 0.23% 343,283 $25M $71.73 $6M +74,300 +27.6%
98 PFE 0.23% 1,001,271 $24M $24.24 $4M +207,000 +26.1%
99 TRV 0.22% 89,551 $24M $267.53 $3M +11,700 +15.0%
100 TMO 0.22% 57,965 $24M $405.45 -$813K +9,100 +18.6%

New Positions

SymbolValue% Port
RGLD $2M 0.02%
RAL $910K 0.01%
MTZ $511K —%
LUNG $197K —%

Sold Out Positions

SymbolValue% Port
ALB —%
AIZ —%
EMN —%
FMC —%
ALLY —%
BIO —%
CE —%
MGM —%
KMX —%
BWA —%
EPAM —%
CNM —%
AOS —%
CRL —%
SWK —%
View SEC EDGAR Filings for FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms