Data as of Q4 2025 (Dec 31, 2025)

FORSTA AP-FONDEN

CIK: 1603328Filing: Q4 2025

FORSTA AP-FONDEN, managed by the renowned investment team of Johan Tysk and Johan Söderström, maintains a concentrated portfolio with a focus on technology and growth stocks, as evidenced by top holdings like NVDA, AAPL, and MSFT. Recently, the fund has made notable moves by adding UHS and Z at significant weights, while exiting CAT and CCK, reflecting a strategic pivot towards healthcare and technology sectors.

Total AUM
$16.8B
QoQ Performance
-0.5%
Positions
539
Top 10 Concentration
46.9%
Latest Filing
Q4 2025

Top Holdings Allocation

NVDA
AAPL
MSFT
SPOT
NVDA7.5%
AAPL6.5%
MSFT5.5%
SPOT5.1%
AMZN3.6%
GOOGL3.0%
AVGO2.5%
GOOG2.5%

📈 Biggest Buys

NFLX
Netflix Inc
+890.8%
0.7% of portfolio
NOW
ServiceNow Inc
+399.2%
0.2% of portfolio
MU
Micron Technology Inc
+25.7%
0.5% of portfolio
DIS
Walt Disney Co/The
+25.5%
0.4% of portfolio
KR
Kroger Co/The
+150.5%
0.1% of portfolio

📉 Biggest Sells

AAPL
Apple Inc
-2.6%
6.5% of portfolio
NVDA
NVIDIA Corp
-2.0%
7.5% of portfolio
QCOM
QUALCOMM Inc
-39.1%
0.2% of portfolio
GOOG
Alphabet Inc
-3.9%
2.5% of portfolio
TSLA
Tesla Inc
-4.5%
2.0% of portfolio

Sector Breakdown

Technology39.5%
Other21.5%
Consumer10.8%
Financial8.7%
Communication7.9%
Healthcare6.7%
Industrial1.5%
Consumer Staples1.1%

🚪 Exited Positionssold since Q3 2025

CAT
Caterpillar Inc
SOLD
$65.5M
TEL
TE Connectivity PLC
SOLD
$30.5M
AEP
American Electric Power Co Inc
SOLD
$28.2M
FLUT
Flutter Entertainment PLC
SOLD
$22.2M
EA
Electronic Arts Inc
SOLD
$21.9M
+335 more exited positions

Changes from Q3 2025

78 increased
122 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023