FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND

Pension

CIK

1540880

Location

STOCKHOLM, V7

Portfolio Value

Large $20,091,447,021

Diversification

Diversified

Filing Date

Global Rank

#305 / 8,517 ▼ 5

Top Industry

Semiconductors 14.9%

3Y Alpha vs SPY

+37.3%

Period ended 48 days ago

Filed Jul 29, 2026 · 19d

25 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+299.3%

SPY

+77.9%

Annualised alpha

+37.5%

Max drawdown

−18.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 12 quarters. Past performance does not predict future results.

Portfolio Concentration

518 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

6.5%

−0.1 pts

Top 5

22.3%

−2.3 pts

Top 10

31.9%

−2.0 pts

HHI

160

Diversified−12

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	39.2%	$7,880,748,238	104
Financial Services	13.0%	$2,621,240,144	84
Healthcare	11.5%	$2,311,664,671	60
Consumer Cyclical	8.6%	$1,721,054,744	59
Communication Services	8.2%	$1,648,110,493	26
Industrials	8.2%	$1,640,610,416	72
Consumer Defensive	5.9%	$1,177,058,859	31
Real Estate	1.9%	$389,420,857	35
Basic Materials	1.6%	$311,685,463	19
Utilities	1.2%	$244,723,533	22
Energy	0.7%	$137,932,350	5
Unclassified	0.0%	$7,197,253	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
KLAC	Kla Corp	+497,888	554,290	$167,234,835
PFE	Pfizer Inc	+457,700	1,898,971	$45,727,221
BMY	Bristol Myers Squibb Co	+398,200	993,206	$57,228,529
F	Ford Motor Co	+279,200	1,324,960	$18,416,944
BKR	Baker Hughes Co	+253,177	1,412,480	$78,392,640
AVGO	Broadcom Inc.	+238,880	1,379,883	$521,250,803
BKNG	Booking Holdings Inc.	+208,720	217,590	$38,783,241
GILD	Gilead Sciences, Inc.	+202,300	668,663	$84,478,883
NI	Nisource Inc.	+150,000	493,050	$23,444,527
CVNA	Carvana Co.	+129,120	161,550	$10,633,221
D	Dominion Energy, Inc	+111,617	549,117	$37,499,199
DOW	Dow Inc.	+108,800	287,983	$7,879,214
GE	General Electric Co	+103,040	364,204	$136,113,960
CTVA	Corteva, Inc.	+98,700	333,251	$28,223,027
USB	US Bancorp De	+86,300	502,719	$30,364,227
VZ	Verizon Communications Inc	+79,900	1,908,488	$80,805,381
WELL	Welltower Inc.	+76,500	321,820	$73,043,485
PEP	Pepsico Inc	+75,100	847,234	$114,715,483
TFC	Truist Financial Corp	+74,500	402,598	$20,057,432
TSLA	Tesla, Inc.	+72,180	337,648	$142,014,748
KVUE	Kenvue Inc.	+71,400	511,773	$9,779,982
MRK	Merck & Co., Inc.	+70,200	1,252,379	$160,930,701
GM	General Motors Co	+70,100	352,930	$27,203,844
GGG	Graco Inc	+68,000	203,942	$15,420,054
KDP	Keurig Dr Pepper Inc.	+65,700	648,389	$21,221,771
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−1,441,212	1,637,434	$585,169,788
SNAP	Snap Inc	−274,233	22,809	$101,271
GIS	General Mills Inc	−268,700	263,028	$9,153,374
UBER	Uber Technologies, Inc	−262,600	658,783	$47,537,781
NVDA	Nvidia Corp	−249,800	6,560,099	$1,312,610,208
ABT	Abbott Laboratories	−214,700	669,954	$60,791,625
PINS	Pinterest, Inc.	−198,400	3,990	$83,909
DOC	Healthpeak Properties, Inc.	−190,500	13,200	$282,480
CSCO	Cisco Systems, Inc.	−185,800	2,002,917	$235,262,630
HRL	Hormel Foods Corp /De/	−175,752	21,000	$521,220
KEY	Keycorp /New/	−154,000	167,413	$3,858,869
DKNG	DraftKings Inc.	−145,600	2,650	$66,939
CMG	Chipotle Mexican Grill Inc	−140,700	517,500	$17,595,000
GDDY	GoDaddy Inc.	−140,355	43	$3,649
HAL	Halliburton Co	−132,500	53,600	$1,819,720
NKE	NIKE, Inc.	−119,657	313,785	$12,880,874
UNH	Unitedhealth Group Inc	−116,680	257,828	$107,161,051
SLB	Slb Limited/Nv	−115,600	47,600	$2,212,924
ACM	Aecom	−96,701	140	$9,772
TTD	Trade Desk, Inc.	−93,087	35,585	$643,376
ES	Eversource Energy	−85,000	36,950	$2,670,376
FOXA	Fox Corp	−77,886	53,238	$2,776,894
JKHY	Jack Henry & Associates Inc	−73,166	100	$13,774
LLY	ELI LILLY & Co	−70,120	274,422	$329,150,006
KO	Coca Cola Co	−65,400	1,993,456	$162,008,169
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
MDLN	Medline Inc.	105,800	$4,172,752
VGNT	Versigent PLC	77,293	$3,247,078
CRCL	Circle Internet Group, Inc.	45,100	$2,824,613
CRUS	Cirrus Logic, Inc.	6,000	$891,180
No positions match the current search.

Sold Out

Positions the filer fully exited

20 positions

Ticker	Company	Shares	Value
SO	Southern Co	207,650	$20,042,378
FWONA	Liberty Media Corp	207,297	$17,624,390
NEM	NEWMONT Corp /DE/	114,900	$12,437,925
DUK	Duke Energy CORP	83,650	$10,953,131
PCAR	Paccar Inc	91,100	$10,522,050
WTRG	Essential Utilities, Inc.	181,286	$7,300,387
APD	Air Products & Chemicals, Inc.	23,330	$6,777,131
EXPD	Expeditors International Of Washington Inc	44,800	$6,416,704
ATO	Atmos Energy Corp	32,500	$6,003,400
ZG	Zillow Group, Inc.	99,833	$4,131,089
TU	Telus Corp	254,100	$3,260,103
FE	Firstenergy Corp	54,100	$2,740,706
PSNY	Polestar Automotive Holding UK PLC	145,586	$2,681,694
SOLV	Solventum Corp	36,307	$2,370,847
ZBRA	Zebra Technologies Corp	10,385	$2,171,295
JBHT	Hunt J B Transport Services Inc	6,400	$1,356,160
MNDY	monday.com Ltd.	19,121	$1,321,452
NRG	Nrg Energy, Inc.	3,750	$548,025
GLBE	Global-E Online Ltd.	46	$1,419
BF-A	Brown Forman Corp	51	$1,348
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

518 tracked positions · $20,091,447,021 total · filing declares 525 positions · $20,929,648,973 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 518 positions by value · page 1 of 11

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	6,560,099	-249,800	$1,312,610,208	+10.5%	6.53%
AAPL	Apple Inc. Technology	Added	4,147,208	+56,560	$1,200,036,106	+15.6%	5.97%
MSFT	Microsoft Corp Technology	Added	2,123,559	+52,520	$792,129,978	+3.3%	3.94%
AMZN	Amazon Com Inc Consumer Cyclical	Added	2,514,375	+50,900	$599,276,137	+16.8%	2.98%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,637,434	-1,441,212	$585,169,788	−33.8%	2.91%
AVGO	Broadcom Inc. Technology	Added	1,379,883	+238,880	$521,250,803	+47.6%	2.59%
META	Meta Platforms, Inc. Communication Services	Added	699,247	+3,200	$393,878,842	−1.1%	1.96%
MU	Micron Technology Inc Technology	Added	305,087	+14,200	$352,158,873	+258.3%	1.75%
LLY	ELI LILLY & Co Healthcare	Reduced	274,422	-70,120	$329,150,006	+3.9%	1.64%
JNJ	Johnson & Johnson Healthcare	Added	1,256,669	+40,700	$319,156,225	+7.4%	1.59%
V	Visa Inc. Financial Services	Reduced	833,530	-32,800	$285,975,807	+9.2%	1.42%
AMAT	Applied Materials Inc /De Technology	Added	376,698	+43,840	$272,352,654	+139.4%	1.36%
AMD	Advanced Micro Devices Inc Technology	Added	438,633	+26,500	$254,806,296	+203.9%	1.27%
LRCX	Lam Research Corp Technology	Reduced	568,010	-15,000	$246,135,773	+97.6%	1.23%
CSCO	Cisco Systems, Inc. Technology	Reduced	2,002,917	-185,800	$235,262,630	+38.5%	1.17%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	687,767	-4,480	$225,126,772	+10.6%	1.12%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	412,534	-2,505	$206,427,888	+3.8%	1.03%
WMT	Walmart Inc. Consumer Defensive	Reduced	1,746,421	-16,400	$197,799,642	−9.7%	0.98%
CAT	Caterpillar Inc Industrials	Reduced	175,084	-12,480	$186,446,951	+40.3%	0.93%
MA	Mastercard Inc Financial Services	Reduced	349,732	-19,080	$179,622,355	−2.5%	0.89%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	1,167,628	-17,300	$171,220,969	+0.0%	0.85%
KLAC	Kla Corp Technology	Added	554,290	+497,888	$167,234,835	+101.4%	0.83%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	176,966	-5,560	$165,546,384	−9.0%	0.82%
KO	Coca Cola Co Consumer Defensive	Reduced	1,993,456	-65,400	$162,008,169	+3.5%	0.81%
MRK	Merck & Co., Inc. Healthcare	Added	1,252,379	+70,200	$160,930,701	+13.2%	0.80%
INTC	Intel Corp Technology	Reduced	1,111,634	-21,400	$155,217,455	+210.4%	0.77%
TSLA	Tesla, Inc. Consumer Cyclical	Added	337,648	+72,180	$142,014,748	+43.9%	0.71%
ABBV	AbbVie Inc. Healthcare	Added	543,225	+10,300	$136,697,139	+17.9%	0.68%
GE	General Electric Co Industrials	Added	364,204	+103,040	$136,113,960	+83.7%	0.68%
NFLX	Netflix Inc Communication Services	Added	1,885,865	+42,870	$134,650,761	−24.0%	0.67%
APH	Amphenol Corp /De/ Technology	Added	671,539	+7,500	$118,405,756	—	0.59%
PEP	Pepsico Inc Consumer Defensive	Added	847,234	+75,100	$114,715,483	−4.3%	0.57%
UNH	Unitedhealth Group Inc Healthcare	Reduced	257,828	-116,680	$107,161,051	+5.7%	0.53%
TXN	Texas Instruments Inc Technology	Reduced	353,731	-700	$105,436,599	+53.2%	0.52%
LIN	Linde PLC Basic Materials	Added	201,607	+5,520	$104,621,936	+7.6%	0.52%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	1,730,530	-30,600	$98,605,599	+14.9%	0.49%
IBM	International Business Machines Corp Technology	Added	342,321	+15,080	$96,264,088	+21.4%	0.48%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	617,918	+26,500	$93,614,577	−0.9%	0.47%
HD	Home Depot, Inc. Consumer Cyclical	Added	259,760	+80	$91,612,156	+7.3%	0.46%
PANW	Palo Alto Networks Inc Technology	Added	266,698	+11,200	$90,949,351	+122.0%	0.45%
MCD	Mcdonalds Corp Consumer Cyclical	Added	320,160	+18,440	$86,542,449	−7.7%	0.43%
WDC	Western Digital Corp Technology	Added	133,316	+43,900	$85,151,595	+252.1%	0.42%
SPOT	Spotify Technology S.A. Communication Services	Held	185,000	0	$84,939,050	−5.3%	0.42%
GILD	Gilead Sciences, Inc. Healthcare	Added	668,663	+202,300	$84,478,883	+30.0%	0.42%
GEV	GE Vernova Inc. Industrials	Added	70,733	+2,800	$83,101,372	+40.1%	0.41%
VZ	Verizon Communications Inc Communication Services	Added	1,908,488	+79,900	$80,805,381	−12.0%	0.40%
PGR	Progressive Corp/Oh/ Financial Services	Reduced	361,870	-9,500	$79,050,501	+7.4%	0.39%
BKR	Baker Hughes Co Energy	Added	1,412,480	+253,177	$78,392,640	+10.8%	0.39%
ANET	Arista Networks, Inc. Technology	Reduced	460,434	-15,900	$78,218,527	+33.7%	0.39%
MRVL	Marvell Technology, Inc. Technology	Reduced	259,447	-14,200	$77,286,666	+185.1%	0.38%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.