Tredje AP-fonden
Long book
$18.28B
Q1 2026
Positions
555
Top-10 weight
33%
concentration
Last quarter
+15.0%
SPY +14.8%
Turnover
39%
of book per quarter
Strategy in plain words
auto-generated from filingsTredje AP-fonden is an institutional manager, running a $18.28B US long book across 555 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 2 of 9 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
+4.8%
Q3 2024
+1.5%
Q4 2024
-4.5%
Q1 2025
+10.9%
Q2 2025
+7.2%
Q3 2025
+2.2%
Q4 2025
-5.9%
Q1 2026
+15.0%
Sector allocation
Technology 40%
Financials 12%
Industrials 11%
Consumer discretionary 10%
Healthcare 8%
Services media 6%
Utilities 4%
Other 3%
Long book by quarter
What does Tredje AP-fonden own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 7.2M | $1.25B | 6.8% | +48.1% |
| AAPL APPLE INC | Technology | 4.3M | $1.10B | 6.0% | +30.4% |
| MSFT MICROSOFT CORP | Technology | 2.1M | $780.7M | 4.3% | +23.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.8M | $589.5M | 3.2% | -0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 1.6M | $463.6M | 2.5% | -23.4% |
| GOOG ALPHABET INC-CL C | Technology | 1.5M | $441.2M | 2.4% | +176.3% |
| AVGO BROADCOM INC | Technology | 1.3M | $409.6M | 2.2% | +23.5% |
| META META PLATFORMS INC-CLASS A | Technology | 660.5K | $377.9M | 2.1% | +54.8% |
| TSLA TESLA INC | Industrials | 808.9K | $300.7M | 1.6% | +519.9% |
| JPM JPMORGAN CHASE & CO | Financials | 872.6K | $256.7M | 1.4% | -21.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 492.8K | $236.1M | 1.3% | +74.9% |
| LLY ELI LILLY & CO | Healthcare | 235.9K | $217.0M | 1.2% | +0.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 705.5K | $172.4M | 0.9% | +398.0% |
| V VISA INC-CLASS A SHARES | Services media | 538.8K | $162.8M | 0.9% | +35.6% |
| WMT WALMART INC | Consumer discretionary | 1.3M | $161.0M | 0.9% | -1.1% |
| MA MASTERCARD INC - A | Services media | 279.2K | $139.5M | 0.8% | -25.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 131.2K | $130.7M | 0.7% | +160.2% |
| ABBV ABBVIE INC | Healthcare | 559.1K | $121.6M | 0.7% | -15.7% |
| NFLX NETFLIX INC | Services media | 1.2M | $120.0M | 0.7% | +254.3% |
| BAC BANK OF AMERICA CORP | Financials | 2.3M | $113.2M | 0.6% | +12.6% |
| MU MICRON TECHNOLOGY INC | Technology | 321.2K | $108.5M | 0.6% | -32.8% |
| KO COCA-COLA CO/THE | Consumer staples | 1.4M | $104.9M | 0.6% | -17.2% |
| HD HOME DEPOT INC | Consumer discretionary | 318.5K | $104.7M | 0.6% | +7.8% |
| CSCO CISCO SYSTEMS INC | Technology | 1.3M | $103.4M | 0.6% | +80.2% |
| MRK MERCK & CO. INC. | Healthcare | 841.4K | $101.2M | 0.6% | +18.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 493.7K | $100.4M | 0.5% | +179.4% |
| TIGO MILLICOM INTL CELLULAR S.A. | Communications | 1.3M | $94.4M | 0.5% | +15.5% |
| CAT CATERPILLAR INC | Industrials | 129.5K | $91.8M | 0.5% | New |
| LRCX LAM RESEARCH CORP | Industrials | 414.4K | $88.5M | 0.5% | +50.9% |
| GE GENERAL ELECTRIC | Industrials | 310.0K | $88.0M | 0.5% | +931.8% |
| WFC WELLS FARGO & CO | Financials | 1.1M | $85.7M | 0.5% | -33.2% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 1.7M | $83.0M | 0.5% | +140.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 560.2K | $80.9M | 0.4% | -40.2% |
| KMI KINDER MORGAN INC | Utilities | 2.4M | $80.6M | 0.4% | New |
| AMAT APPLIED MATERIALS INC | Technology | 231.8K | $79.2M | 0.4% | New |
| ORCL ORACLE CORP | Technology | 535.3K | $78.7M | 0.4% | +1289.7% |
| OKE ONEOK INC | Utilities | 865.3K | $78.2M | 0.4% | New |
| LIN LINDE PLC | Materials | 156.6K | $77.6M | 0.4% | +127.4% |
| GS GOLDMAN SACHS GROUP INC | Financials | 90.8K | $76.8M | 0.4% | +181.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 261.2K | $70.7M | 0.4% | -31.3% |
| GEV GE VERNOVA INC | Industrials | 80.4K | $70.2M | 0.4% | +188.1% |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 1.0M | $67.8M | 0.4% | New |
| TJX TJX COMPANIES INC | Consumer discretionary | 424.6K | $67.8M | 0.4% | -49.6% |
| KLAC KLA CORP | Other | 45.2K | $66.5M | 0.4% | New |
| IBM INTL BUSINESS MACHINES CORP | Technology | 272.3K | $66.0M | 0.4% | +556.7% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 132.4K | $65.1M | 0.4% | -14.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 207.4K | $64.4M | 0.4% | +1496.9% |
| PEP PEPSICO INC | Consumer staples | 404.3K | $62.8M | 0.3% | New |
| C CITIGROUP INC | Financials | 544.7K | $61.8M | 0.3% | +30.4% |
| T AT&T INC | Communications | 2.1M | $60.9M | 0.3% | +3.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 555 | $18.28B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 351 | $13.28B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 378 | $12.45B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 371 | $12.55B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 432 | $10.71B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 473 | $11.14B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 474 | $11.05B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 474 | $10.36B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 487 | $9.64B | canonical | SEC ↗ |
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