Swedbank AB
Long book
$95.15B
Q1 2026
Positions
684
Top-10 weight
37%
concentration
Last quarter
+18.1%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsSwedbank AB is an institutional manager, running a $95.15B US long book across 684 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, APPLE INC, BROADCOM INC, AMAZON.COM INC.
Over the last 8 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 4 of 8 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.3%
Q2 2024
+4.9%
Q3 2024
+2.6%
Q4 2024
-6.8%
Q2 2025
+8.3%
Q3 2025
+2.8%
Q4 2025
-6.0%
Q1 2026
+18.1%
Sector allocation
Technology 49%
Financials 10%
Consumer discretionary 9%
Healthcare 9%
Industrials 8%
Services media 5%
Other 4%
Communications 2%
Long book by quarter
What does Swedbank AB own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 43.4M | $7.58B | 8.0% | +1.8% |
| MSFT MICROSOFT CORP | Technology | 15.1M | $5.60B | 5.9% | +2.4% |
| AAPL APPLE INC | Technology | 19.4M | $4.93B | 5.2% | +7.7% |
| AVGO BROADCOM INC | Technology | 12.4M | $3.85B | 4.0% | +1.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 15.9M | $3.32B | 3.5% | +2.0% |
| GOOG ALPHABET INC-CL C | Technology | 10.2M | $2.91B | 3.1% | -4.8% |
| GOOGL ALPHABET INC-CL A | Technology | 9.5M | $2.74B | 2.9% | -1.6% |
| META META PLATFORMS INC-CLASS A | Technology | 3.1M | $1.77B | 1.9% | -9.5% |
| LLY ELI LILLY & CO | Healthcare | 1.6M | $1.49B | 1.6% | -3.2% |
| JPM JPMORGAN CHASE & CO | Financials | 4.6M | $1.36B | 1.4% | -2.5% |
| ADI ANALOG DEVICES INC | Technology | 3.5M | $1.12B | 1.2% | -6.7% |
| C CITIGROUP INC | Financials | 9.7M | $1.10B | 1.2% | -6.1% |
| AMAT APPLIED MATERIALS INC | Technology | 2.8M | $969.7M | 1.0% | -4.3% |
| KLAC KLA CORP | Other | 637.8K | $939.1M | 1.0% | -16.5% |
| MA MASTERCARD INC - A | Services media | 1.8M | $879.2M | 0.9% | -21.8% |
| MCK MCKESSON CORP | Consumer discretionary | 1.0M | $870.2M | 0.9% | +13.5% |
| MRK MERCK & CO. INC. | Healthcare | 7.1M | $853.1M | 0.9% | -7.3% |
| V VISA INC-CLASS A SHARES | Services media | 2.8M | $840.4M | 0.9% | -6.8% |
| ANET ARISTA NETWORKS INC | Technology | 6.4M | $791.8M | 0.8% | -12.4% |
| MU MICRON TECHNOLOGY INC | Technology | 2.3M | $786.0M | 0.8% | -34.9% |
| NFLX NETFLIX INC | Services media | 8.2M | $785.1M | 0.8% | +6.8% |
| LRCX LAM RESEARCH CORP | Industrials | 3.6M | $766.7M | 0.8% | -9.9% |
| HD HOME DEPOT INC | Consumer discretionary | 2.3M | $750.7M | 0.8% | +37.7% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 1.5M | $727.6M | 0.8% | -11.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.9M | $714.0M | 0.8% | +27.3% |
| AMD ADVANCED MICRO DEVICES | Technology | 3.3M | $680.8M | 0.7% | +37.5% |
| CSCO CISCO SYSTEMS INC | Technology | 8.7M | $675.9M | 0.7% | -2.8% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 1.4M | $675.6M | 0.7% | -13.8% |
| XYL XYLEM INC | Industrials | 5.5M | $660.4M | 0.7% | +0.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 643.5K | $641.2M | 0.7% | +0.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.3M | $630.1M | 0.7% | -8.3% |
| BAC BANK OF AMERICA CORP | Financials | 12.5M | $608.6M | 0.6% | +5.4% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 3.8M | $596.9M | 0.6% | +7.6% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 1.3M | $566.3M | 0.6% | -12.4% |
| RPRX ROYALTY PHARMA PLC- CL A | Healthcare | 11.6M | $555.8M | 0.6% | -3.0% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 3.8M | $553.0M | 0.6% | +80.9% |
| WM WASTE MANAGEMENT INC | Utilities | 2.4M | $549.9M | 0.6% | +17.0% |
| ABBV ABBVIE INC | Healthcare | 2.4M | $521.3M | 0.5% | +22.8% |
| CDNS CADENCE DESIGN SYS INC | Technology | 1.8M | $510.1M | 0.5% | -8.7% |
| ORCL ORACLE CORP | Technology | 3.3M | $488.3M | 0.5% | -5.5% |
| AZN ASTRAZENECA PLC | Healthcare | 2.5M | $486.8M | 0.5% | New |
| LIN LINDE PLC | Materials | 972.9K | $482.3M | 0.5% | -15.0% |
| ECL ECOLAB INC | Other | 1.7M | $457.2M | 0.5% | +5.6% |
| PANW PALO ALTO NETWORKS INC | Technology | 2.7M | $439.3M | 0.5% | -2.9% |
| EMR EMERSON ELECTRIC CO | Industrials | 3.3M | $436.6M | 0.5% | +7.1% |
| TT TRANE TECHNOLOGIES PLC | Technology | 1.0M | $426.9M | 0.4% | -9.8% |
| APH AMPHENOL CORP-CL A | Technology | 3.2M | $409.4M | 0.4% | -22.4% |
| SNPS SYNOPSYS INC | Technology | 990.9K | $392.9M | 0.4% | -7.7% |
| SPGI S&P GLOBAL INC | Services media | 903.2K | $384.2M | 0.4% | -21.8% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 7.4M | $373.7M | 0.4% | +3.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 1062 | $95.15B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR/ARESTATEMENT | Feb 9, 2026 | 1054 | $103.37B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 3, 2026 | 1054 | $103.37B | SEC ↗ | |
| Q3 2025 | 13F-HR | Oct 15, 2025 | 887 | $98.65B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 10, 2025 | 879 | $88.96B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 22, 2025 | 897 | $81.32B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ANEW HOLDINGS | Nov 7, 2024 | 4 | $202.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 11, 2024 | 895 | $78.31B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 11, 2024 | 911 | $74.81B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ANEW HOLDINGS | May 15, 2024 | 574 | $11.45B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 233 | $59.39B | $K fixed canonical | SEC ↗ |
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