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FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND

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

Q3 2025 · Filed 2025-10-28
Market Value
$11.6B
+7.2%
Holdings
488
-30
New Purchases
5
Added To
245
Closed
32
Reduced
191
Top 10 Concentration
33.7%
Turnover
7.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 5.86% 5.02% +0.85% $678M
NVDA 7.12% 6.31% +0.81% $823M
GOOGL 2.30% 1.78% +0.52% $266M
GOOG 2.03% 1.54% +0.48% $234M
LIN 0.65% 0.24% +0.41% $75M
TSLA 0.63% 0.38% +0.25% $73M
AVGO 2.02% 1.77% +0.25% $233M
ACGL 0.18% 0.00% +0.18% $20M
ECL 0.18% 0.02% +0.16% $21M
JNJ 1.29% 1.13% +0.16% $149M
PLTR 0.57% 0.43% +0.14% $66M
ORCL 0.68% 0.55% +0.13% $79M
NXPI 0.21% 0.08% +0.13% $24M
CTVA 0.15% 0.03% +0.12% $17M
GM 0.13% 0.02% +0.12% $15M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NFLX 1.20% 1.43% -0.23% $138M
WELL 0.00% 0.21% -0.21% $0
V 1.58% 1.79% -0.21% $183M
META 2.72% 2.92% -0.20% $315M
LLY 1.42% 1.59% -0.17% $164M
AMZN 2.91% 3.08% -0.17% $336M
PLD 0.00% 0.16% -0.16% $0
COST 0.91% 1.05% -0.14% $105M
SE 0.00% 0.12% -0.12% $0
ACN 0.44% 0.56% -0.12% $51M
PSA 0.00% 0.12% -0.12% $0
EQIX 0.00% 0.11% -0.11% $0
ISRG 0.32% 0.43% -0.11% $37M
PG 1.00% 1.10% -0.11% $115M
O 0.00% 0.10% -0.10% $0

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 $6.7B 58.0%
Large Cap 409 $4.8B 41.4%
Mid Cap 27 $72M 0.6%
Micro Cap 1 $124K 0.0%

Portfolio Analytics

Avg Market Cap
$141.2B
Median Market Cap
$36.3B
Avg P/E
35.3
Median P/E
25.9
Avg Dividend Yield
0.02%
Avg Beta
1.02
# Stocks
488
# ETFs / Funds
0

Top Holdings (488 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 7.12% 4,411,449 $823M $186.58 $142M +102,449 +2.4%
2 AAPL 5.86% 2,660,748 $678M $254.63 $137M +24,249 +0.9%
3 MSFT 5.77% 1,288,109 $667M $517.95 $40M +27,329 +2.2%
4 AMZN 2.91% 1,530,075 $336M $219.57 $4M +16,829 +1.1%
5 META 2.72% 428,567 $315M $734.38 -$137K +1,969 +0.5%
6 GOOGL 2.30% 1,094,054 $266M $243.10 $74M +3,034 +0.3%
7 GOOG 2.03% 962,285 $234M $243.55 $68M +23,312 +2.5%
8 AVGO 2.02% 707,703 $233M $329.91 $43M +15,713 +2.3%
9 V 1.58% 536,417 $183M $341.38 -$10M -8,366 -1.5%
10 LLY 1.42% 214,476 $164M $763.00 -$8M -5,338 -2.4%
11 JNJ 1.29% 806,000 $149M $185.42 $28M +7,731 +1.0%
12 JPM 1.22% 445,267 $140M $315.43 $14M +7,753 +1.8%
13 NFLX 1.20% 115,286 $138M $1,198.92 -$15M +500 +0.4%
14 MA 1.11% 225,790 $128M $568.81 $10M +14,451 +6.8%
15 BRK-B 1.10% 253,359 $127M $502.74 $13M +18,000 +7.7%
16 WMT 1.01% 1,133,571 $117M $103.06 $5M -7,929 -0.7%
17 PG 1.00% 750,178 $115M $153.65 -$4M +2,944 +0.4%
18 COST 0.91% 113,556 $105M $925.63 -$8M -1,000 -0.9%
19 CSCO 0.85% 1,439,017 $98M $68.42 $2M +42,349 +3.0%
20 UNH 0.82% 273,318 $94M $345.30 $9M +200 +0.1%
21 KO 0.73% 1,274,906 $85M $66.32 -$3M +34,400 +2.8%
22 GE 0.70% 270,741 $81M $300.82 $11M -2,824 -1.0%
23 ORCL 0.68% 279,252 $79M $281.24 $19M +7,491 +2.8%
24 MRK 0.67% 924,129 $78M $83.93 $4M -6,000 -0.7%
25 ABBV 0.67% 333,344 $77M $231.54 $15M -840 -0.2%
26 LIN 0.65% 157,596 $75M $475.00 $49M +102,109 +184.0%
27 TSLA 0.63% 163,762 $73M $444.72 $32M +35,500 +27.7%
28 ABT 0.62% 535,904 $72M $133.94 $4M +36,116 +7.2%
29 PLTR 0.57% 359,523 $66M $182.42 $19M +20,200 +6.0%
30 PEP 0.57% 466,684 $66M $140.44 $2M -15,824 -3.3%
31 HD 0.57% 161,710 $66M $405.19 $8M +3,952 +2.5%
32 T 0.54% 2,194,070 $62M $28.24 $8M +337,700 +18.2%
33 MCD 0.52% 198,570 $60M $303.89 $1M -3,500 -1.7%
34 BAC 0.52% 1,159,380 $60M $51.59 $4M -15,590 -1.3%
35 IBM 0.52% 211,481 $60M $282.16 -$4M -5,800 -2.7%
36 INTU 0.51% 85,940 $59M $682.91 $609K +12,200 +16.5%
37 CAT 0.51% 122,484 $58M $477.15 $12M +3,938 +3.3%
38 PGR 0.49% 230,070 $57M $246.95 -$4M +1,000 +0.4%
39 BKR 0.45% 1,079,003 $53M $48.72 $10M -30,200 -2.7%
40 ACN 0.44% 207,023 $51M $246.60 -$9M +5,302 +2.6%
41 UBER 0.44% 520,633 $51M $97.97 $2M -8,000 -1.5%
42 TJX 0.43% 347,268 $50M $144.54 $7M -4,200 -1.2%
43 VZ 0.43% 1,139,413 $50M $43.95 -$764K -35,569 -3.0%
44 QCOM 0.43% 298,156 $50M $166.36 $2M +822 +0.3%
45 TMUS 0.42% 204,754 $49M $239.38 $4M +14,800 +7.8%
46 LRCX 0.42% 359,860 $48M $133.90 $13M -5,200 -1.4%
47 CRM 0.41% 197,855 $47M $237.00 $5M +44,200 +28.8%
48 ADBE 0.41% 132,836 $47M $352.75 -$3M +4,513 +3.5%
49 MCK 0.40% 60,253 $47M $772.54 $3M +1,100 +1.9%
50 MMC 0.39% 222,031 $45M $201.53 -$3M +3,900 +1.8%
51 AMAT 0.38% 216,258 $44M $204.74 $5M -314 -0.1%
52 ANET 0.38% 302,884 $44M $145.71 $14M +3,800 +1.3%
53 WFC 0.38% 520,679 $44M $83.82 $2M -2,366 -0.5%
54 NOW 0.37% 46,356 $43M $920.27 $2M +7,100 +18.1%
55 LNG 0.37% 179,790 $42M $234.98 -$3M -4,000 -2.2%
56 TXN 0.36% 226,731 $42M $183.73 -$6M -3,200 -1.4%
57 AMD 0.36% 255,502 $41M $161.79 $5M -1,600 -0.6%
58 UNP 0.35% 172,326 $41M $236.37 $2M +3,500 +2.1%
59 ABC 0.35% 129,677 $41M $312.53 $1M -489 -0.4%
60 BLK 0.35% 34,669 $40M $1,165.88 $4M +208 +0.6%
61 GS 0.34% 49,925 $40M $796.35 $5M +800 +1.6%
62 APH 0.34% 316,689 $39M $123.75 $8M -4,075 -1.3%
63 ADP 0.34% 132,678 $39M $293.50 $478K +7,961 +6.4%
64 CB 0.33% 134,826 $38M $282.25 -$1M -1,438 -1.1%
65 KLAC 0.32% 34,202 $37M $1,078.59 $6M -400 -1.2%
66 ISRG 0.32% 81,859 $37M $447.23 -$9M -2,920 -3.4%
67 ETN 0.31% 95,805 $36M $374.25 $3M +4,100 +4.5%
68 ORLY 0.31% 329,434 $36M $107.81 $9M +32,399 +10.9%
69 VRTX 0.30% 89,622 $35M $391.64 -$5M -1,466 -1.6%
70 AZO 0.30% 8,119 $35M $4,290.18 $6M +428 +5.6%
71 CME 0.29% 124,517 $34M $270.19 $1M +6,672 +5.7%
72 WM 0.29% 150,696 $33M $220.83 -$1M -300 -0.2%
73 GILD 0.29% 298,263 $33M $111.00 -$871K -8,200 -2.7%
74 DIS 0.28% 284,700 $33M $114.50 -$3M -300 -0.1%
75 RSG 0.28% 141,374 $32M $229.48 -$5M -8,900 -5.9%
76 C 0.28% 319,091 $32M $101.50 $6M +5,027 +1.6%
77 PANW 0.28% 157,025 $32M $203.62 $7M +36,629 +30.4%
78 ROP 0.28% 64,048 $32M $498.69 -$8M -5,950 -8.5%
79 AXP 0.27% 95,063 $32M $332.16 $1M -600 -0.6%
80 MS 0.27% 194,533 $31M $158.96 $4M +3,200 +1.7%
81 AMGN 0.26% 107,672 $30M $282.20 $124K -709 -0.7%
82 MU 0.26% 179,387 $30M $167.32 $8M +3,847 +2.2%
83 CEG 0.25% 88,794 $29M $329.07 $140K -1,300 -1.4%
84 BSX 0.25% 290,370 $28M $97.63 -$3M +2,412 +0.8%
85 TMO 0.25% 58,393 $28M $485.02 $5M +428 +0.7%
86 BKNG 0.24% 5,195 $28M $5,399.23 -$2M
87 TT 0.24% 65,243 $28M $421.96 $170K +2,694 +4.3%
88 AON 0.24% 76,885 $27M $356.58 $1M +3,800 +5.2%
89 MELI 0.23% 11,560 $27M $2,336.94 -$2M +600 +5.5%
90 SCHW 0.23% 281,260 $27M $95.47 $715K -5,200 -1.8%
91 CL 0.23% 330,524 $26M $79.94 -$4M +1,040 +0.3%
92 SPGI 0.23% 53,800 $26M $486.71 -$1M +1,500 +2.9%
93 PFE 0.22% 1,013,971 $26M $25.48 $2M +12,700 +1.3%
94 MDLZ 0.22% 409,130 $26M $62.47 -$2M -2,600 -0.6%
95 APP 0.22% 35,400 $25M $718.53 $8M -14,600 -29.2%
96 ANTM 0.22% 78,212 $25M $323.12 -$6M -3,000 -3.7%
97 CDNS 0.21% 70,603 $25M $351.26 $3M -600 -0.8%
98 TRV 0.21% 88,351 $25M $279.22 $711K -1,200 -1.3%
99 FTNT 0.21% 285,880 $24M $84.08 -$7M -8,900 -3.0%
100 INTC 0.21% 714,511 $24M $33.55 $8M +12,200 +1.7%

New Positions

SymbolValue% Port
ACGL $20M 0.18%
SOFI $7M 0.06%
RKLB $5M 0.04%
AFRM $5M 0.04%
TPR $4M 0.04%

Sold Out Positions

SymbolValue% Port
EXR —%
WY —%
DLR —%
TEVA —%
SE —%
VICI —%
EQR —%
SPG —%
WPC —%
IRM —%
PNR —%
ELS —%
CAG —%
MAA —%
PLD —%
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