Data as of Q4 2025 (Dec 31, 2025)

Tredje AP-fonden

CIK: 1650290Filing: Q4 2025

Tredje AP-fonden, managed by the seasoned investment team of Tore Slåttli and Sveinung Rønning, maintains a concentrated portfolio with a focus on technology and growth stocks, currently holding 351 positions with a notable emphasis on Apple, Nvidia, and Microsoft. Recently, the fund has made significant moves by adding Delta Air Lines and IEX Group, with impressive gains of 1934% and 985% respectively, while exiting positions in BCDR and MLB1, and introducing new holdings in Avago, Now, and SEIC.

Total AUM
$13.3B
QoQ Performance
+6.6%
Positions
350
Top 10 Concentration
42.0%
Latest Filing
Q4 2025

Top Holdings Allocation

AAPL
NVDA
MSFT
AAPL6.8%
NVDA6.8%
MSFT6.2%
GOOGL5.0%
AMZN4.9%
AVGO2.8%
JPM2.7%
META2.1%

📈 Biggest Buys

AVGO
BROADCOM INC
NEW
2.8% of portfolio
FLSP
FRANKLIN TEMPLETON ETF TR
+101.2%
1.6% of portfolio
SWAN
AMPLIFY ETF TR
+102.3%
1.6% of portfolio
QAI
NEW YORK LIFE INVESTMENTS ET
+102.4%
1.6% of portfolio
NOW
SERVICENOW INC
NEW
0.6% of portfolio

📉 Biggest Sells

MSFT
MICROSOFT CORP
-15.0%
6.2% of portfolio
GOOGL
ALPHABET INC
-18.0%
5.0% of portfolio
AAPL
APPLE INC
-10.5%
6.8% of portfolio
META
META PLATFORMS INC
-24.4%
2.1% of portfolio
ETN
EATON CORP PLC
-42.6%
0.8% of portfolio

Sector Breakdown

Other35.4%
Technology35.0%
Financial10.2%
Consumer8.4%
Healthcare6.6%
Communication1.6%
Consumer Staples1.4%
Industrial0.5%

🚪 Exited Positionssold since Q3 2025

SNPS
SYNOPSYS INC
SOLD
$81.4M
XP
XP INC
SOLD
$36.1M
MLB1
MERCADOLIBRE INC
SOLD
$35.1M
CGNX
COGNEX CORP
SOLD
$25.4M
CSL
CARLISLE COS INC
SOLD
$23.8M
+214 more exited positions

Changes from Q3 2025

NEW41 new positions
75 increased
61 decreased

Historical Filings

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