Data as of Q4 2025 (Dec 31, 2025)

KLP KAPITALFORVALTNING AS

β€’CIK: 1717443β€’Filing: Q4 2025

KLP KAPITALFORVALTNING AS, managed by the seasoned Norwegian fund manager Kjetil LΓΈken, maintains a tech-heavy portfolio with significant positions in NVDA, AAPL, and MSFT, reflecting a focus on growth and innovation. Recently, the fund has made notable moves by adding QRVO and CIEN, with substantial increases in their positions, while exiting AWM and KEL, indicating a strategic shift towards high-growth tech stocks.

Total AUM
$25.9B
QoQ Performance
+2.6%
Positions
2,153
Top 10 Concentration
42.3%
Latest Filing
Q4 2025

Top Holdings Allocation

NVDA
AAPL
MSFT
NVDA6.8%
AAPL6.1%
MSFT5.3%
AMZN3.1%
GOOGL2.9%
GOOG2.3%
AVGO2.2%
META2.0%

πŸ“ˆ Biggest Buys

NFLX
Netflix Inc
+905.3%
0.7% of portfolio
NOW
ServiceNow Inc
+404.4%
0.3% of portfolio
MSFT
Microsoft Corp
+1.6%
5.3% of portfolio
GGG
Graco Inc
+167.7%
0.1% of portfolio
CB
Chubb Ltd
+31.1%
0.2% of portfolio

πŸ“‰ Biggest Sells

CI
Cigna Group/The
-40.2%
0.1% of portfolio
META
Meta Platforms Inc
-2.4%
2.0% of portfolio
CTSH
Cognizant Technology Solutions Corp
-24.1%
0.2% of portfolio
TMUS
T-Mobile US Inc
-21.0%
0.2% of portfolio
SRE
Sempra
-26.3%
0.1% of portfolio

Sector Breakdown

Technology40.0%
Other22.8%
Consumer10.5%
Financial9.4%
Healthcare7.9%
Communication2.5%
Industrial1.8%
Energy1.8%

πŸšͺ Exited Positionssold since Q3 2025

MIGA
Strategy Inc
SOLD
$30.5M
RSG
Republic Services Inc
SOLD
$29.1M
ADM
Archer-Daniels-Midland Co
SOLD
$28.8M
FISV
Fiserv Inc
SOLD
$28.5M
RBLX
ROBLOX Corp
SOLD
$28.2M
+1966 more exited positions

Changes from Q3 2025

↑120 increased
↓76 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024