FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND
•CIK: 1540880•Filing: Q4 2025
FJARDE AP-FONDEN, managed by the Swedish National Pension System, holds $11.9B in assets with a focus on tech giants like NVDA, AAPL, and MSFT, reflecting a strong growth-oriented strategy. Recent portfolio adjustments include significant cuts in PPG and KHC, while notable additions like HIG and GEV highlight a shift towards undervalued sectors, with new positions in IEMG, SEIC, and WELL.
Total AUM
$11.9B
QoQ Performance
+2.9%
Positions
496
Top 10 Concentration
38.4%
Latest Filing
Q4 2025
Top Holdings Allocation
NVDA
AAPL
MSFT
NVDA6.6%
AAPL5.8%
MSFT5.1%
AMZN2.9%
GOOGL2.7%
META2.4%
GOOG2.3%
AVGO2.0%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Technology37.2%
Other27.7%
Financial9.4%
Healthcare8.9%
Consumer8.7%
Communication2.6%
Consumer Staples2.0%
Industrial2.0%
🚪 Exited Positionssold since Q3 2025
+264 more exited positions
Changes from Q3 2025
NEW6 new positions
↑55 increased
↓137 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024Q4 2023