Andra AP-fonden
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Andra AP-fonden reported 404 stock positions worth $7.8 billion. Its top holding was Qualcomm (QCOM) at 3.1% of the portfolio, followed by Nvidia (NVDA, 2.6%) and Apple (AAPL, 2.5%). Compared with Q2 2025, it opened 41 new positions, sold out of 104, added to 169 and reduced 162. The biggest buy was Ulta Beauty (ULTA, shares +351900%) and the biggest sale an exit from Williams-Sonoma (WSM).
- Most Recent 13F
- Q2 2026
- Location
- GOTEBORG, V7
- CIK
- 0001535452
- Portfolio Value
- $7.8B (Q3 2025)
- SEC Filing
- 0001535452-25-000008 ↗ filed Nov 12, 2025
Holdings Value
Holdings 404 stocks · $7.8B
| QCOM Qualcomm Inc. | 3.14% | 1,476,921 | $245.7M | Add +41.8% |
| NVDA Nvidia Corp. | 2.62% | 1,099,600 | $205.2M | Reduce -11.6% |
| AAPL Apple Inc. | 2.52% | 773,700 | $197.0M | Reduce -2.1% |
| KLAC KLA Corp. | 2.33% | 168,733 | $182.0M | Add +42.6% |
| APP AppLovin Corp. Class A | 2.31% | 251,600 | $180.8M | Reduce -9.0% |
| LRCX Lam Research Corp. | 2.17% | 1,267,495 | $169.7M | Add +90.9% |
| ULTA Ulta Beauty Inc. | 1.60% | 228,800 | $125.1M | Add +351900.0% |
| AMAT Applied Materials Inc. | 1.34% | 513,033 | $105.0M | Add +37.2% |
| NTAP Netapp Inc. | 1.28% | 844,664 | $100.1M | Add +7.0% |
| NXPI NXP Semiconductors NV | 0.87% | 299,700 | $68.3M | Add +65.2% |
| GILD Gilead Sciences Inc. | 0.85% | 597,500 | $66.3M | Add +3.4% |
| MA Mastercard Inc. Class A | 0.85% | 116,400 | $66.2M | Add +29.6% |
| MSFT Microsoft Corp. | 0.82% | 123,686 | $64.1M | Add +5.7% |
| LOW Lowe's Cos Inc. | 0.81% | 253,700 | $63.8M | Add +6.5% |
| FOX Fox Corp. Class B | 0.81% | 1,110,900 | $63.6M | Add +2.7% |
| FOXA Fox Corp. Class A | 0.76% | 944,500 | $59.6M | Add +2.6% |
| V Visa Inc. Class A | 0.75% | 172,441 | $58.9M | Add +109.4% |
| MU Micron Technology Inc. | 0.73% | 341,830 | $57.2M | Add +2087.0% |
| PINS Pinterest Inc. Class A | 0.73% | 1,775,956 | $57.1M | Add +77.5% |
| VZ Verizon Communications Inc. | 0.71% | 1,265,800 | $55.6M | Reduce -3.9% |
| EA Electronic Arts Inc. | 0.69% | 267,500 | $54.0M | Reduce -4.3% |
| AVGO Broadcom Inc. | 0.69% | 163,257 | $53.9M | Add +26.5% |
| TER Teradyne Inc. | 0.69% | 390,624 | $53.8M | Reduce -9.9% |
| DELL Dell Technologies -C | 0.68% | 377,610 | $53.5M | Add +0.9% |
| KGC Kinross Gold Corp. | 0.68% | 1,543,000 | $53.3M | Reduce -10.6% |
| BMY Bristol-Myers Squibb Co. | 0.68% | 1,176,900 | $53.1M | Add +65.1% |
| GDDY GoDaddy Inc. Class A | 0.66% | 380,210 | $52.0M | Reduce -0.3% |
| ADBE Adobe Inc. | 0.64% | 142,819 | $50.4M | Reduce -6.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.62% | 334,500 | $48.3M | Add +4.5% |
| FAST Fastenal Co. | 0.62% | 984,900 | $48.3M | Add +1.9% |
| PLTR Palantir Technologies Inc. Class A | 0.61% | 263,474 | $48.1M | Reduce -22.8% |
| CTSH Cognizant Tech Solutions-A | 0.61% | 709,449 | $47.6M | Add +32.0% |
| ACN Accenture PLC Class A | 0.60% | 189,877 | $46.8M | Add +31.5% |
| AMZN Amazon.com Inc. | 0.59% | 209,448 | $46.0M | Add +2.7% |
| MRK Merck & Co. Inc. | 0.58% | 544,400 | $45.7M | Reduce -3.1% |
| PYPL PayPal Holdings Inc. | 0.58% | 671,300 | $45.0M | Add +33.2% |
| MPWR Monolithic Power Systems Inc. | 0.57% | 48,119 | $44.3M | Reduce -9.4% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.55% | 2,701,400 | $43.2M | Add +8.6% |
| ROST Ross Stores Inc. | 0.55% | 281,000 | $42.8M | Add +8.3% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.55% | 384,100 | $42.7M | Add +10.3% |
| ABT Abbott Laboratories | 0.55% | 318,908 | $42.7M | New |
| WMT Walmart Inc. | 0.54% | 408,000 | $42.0M | Reduce -25.6% |
| COF Capital One Financial Corp. | 0.53% | 196,231 | $41.7M | Reduce -11.3% |
| GEN Gen Digital Inc. | 0.53% | 1,459,600 | $41.4M | Add +13.8% |
| HPQ HP Inc. | 0.53% | 1,518,100 | $41.3M | Reduce -0.8% |
| DASH DoorDash Inc. Class A | 0.51% | 145,400 | $39.5M | Reduce -4.3% |
| ZM Zoom Communications Inc. | 0.50% | 476,900 | $39.3M | New |
| CME Cme Group Inc. | 0.50% | 145,300 | $39.3M | Add +113.0% |
| ZTS Zoetis Inc. | 0.50% | 268,200 | $39.2M | Add +136.9% |
| INCY Incyte Corp. | 0.50% | 460,600 | $39.1M | Add +24.2% |
| MMM 3M Co. | 0.50% | 249,862 | $38.8M | Add +5.2% |
| TEL Te Connectivity PLC | 0.49% | 176,300 | $38.7M | Add +11.9% |
| JNJ Johnson & Johnson | 0.48% | 201,600 | $37.4M | Reduce -3.4% |
| ON On Semiconductor | 0.47% | 747,600 | $36.9M | Add +21.6% |
| CSCO Cisco Systems Inc. | 0.47% | 534,978 | $36.6M | Add +29.2% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.47% | 38,200 | $36.4M | Add +21.7% |
| FTNT Fortinet Inc. | 0.46% | 431,120 | $36.2M | Add +3.0% |
| NFLX Netflix Inc. | 0.46% | 29,700 | $35.6M | Reduce -32.5% |
| ITW Illinois Tool Works | 0.45% | 134,900 | $35.2M | Add +17.2% |
| DOCU Docusign Inc. | 0.45% | 484,900 | $35.0M | New |
| CEG Constellation Energy | 0.45% | 106,220 | $35.0M | Reduce -9.5% |
| ADSK Autodesk Inc. | 0.45% | 109,749 | $34.9M | Reduce -14.2% |
| WAT Waters Corp. | 0.45% | 116,140 | $34.8M | Add +1044.8% |
| BBY Best Buy Co. Inc. | 0.44% | 459,500 | $34.7M | Reduce -6.3% |
| VRSN Verisign Inc. | 0.44% | 123,200 | $34.4M | Add +4.1% |
| WAB Wabtec Corp. | 0.44% | 171,800 | $34.4M | Add +91.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.44% | 121,500 | $34.3M | Add +9.0% |
| KMB Kimberly-Clark Corp. | 0.44% | 275,300 | $34.2M | Reduce -8.7% |
| JPM JPMorgan Chase & Co. | 0.43% | 107,700 | $34.0M | Add +3.2% |
| EXC Exelon Corp. | 0.43% | 748,830 | $33.7M | Add +230.1% |
| META Meta Platforms Inc. Class A | 0.43% | 45,689 | $33.6M | Reduce -54.6% |
| WDC Western Digital Corp. | 0.42% | 275,646 | $33.1M | Add +136.4% |
| WFC Wells Fargo & Co. | 0.42% | 390,700 | $32.7M | New |
| LLY Eli Lilly & Co. | 0.42% | 42,800 | $32.7M | Add +96.3% |
| EME Emcor Group Inc. | 0.41% | 48,800 | $31.7M | Reduce -12.4% |
| KO The Coca-Cola Co. | 0.40% | 477,600 | $31.7M | Add +36.8% |
| C Citigroup Inc. | 0.40% | 311,000 | $31.6M | Reduce -15.7% |
| DVA Davita Inc. | 0.40% | 236,584 | $31.4M | Add +2.3% |
| RSG Republic Services Inc. | 0.40% | 136,500 | $31.3M | Add +47.1% |
| UTHR United Therapeutics Corp. | 0.40% | 73,800 | $30.9M | Reduce -37.7% |
| FISV Fiserv Inc. | 0.39% | 238,695 | $30.8M | Add +2.7% |
| EXPD Expeditors Intl Wash Inc. | 0.39% | 250,200 | $30.7M | Add +5.0% |
| MDT Medtronic PLC | 0.39% | 321,129 | $30.6M | Add +412.8% |
| CBOE Cboe Global Markets Inc. | 0.39% | 124,200 | $30.5M | Add +7.9% |
| PCG P G & E Corp. | 0.39% | 2,007,119 | $30.3M | Reduce -3.2% |
| GS Goldman Sachs Group Inc. | 0.38% | 37,697 | $30.0M | Reduce -16.6% |
| UBER Uber Technologies Inc. | 0.38% | 302,800 | $29.7M | Add +50.6% |
| CCL Carnival Corp. | 0.38% | 1,018,900 | $29.5M | Add +9.3% |
| ANET Arista Networks Inc. | 0.37% | 196,951 | $28.7M | Reduce -39.4% |
| GOOG Alphabet Inc. Class C | 0.37% | 117,800 | $28.7M | Reduce -53.1% |
| SHW The Sherwin-Williams Co. | 0.36% | 82,500 | $28.6M | Add +17.9% |
| EXPE Expedia Group Inc. | 0.36% | 133,100 | $28.5M | New |
| GOOGL Alphabet Inc. Class A | 0.36% | 115,792 | $28.1M | Reduce -61.3% |
| CBRE CBRE Group Inc. Class A | 0.36% | 178,100 | $28.1M | Reduce -19.1% |
| CVS CVS Health Corp. | 0.36% | 370,800 | $28.0M | New |
| TW Tradeweb Markets Inc. Class A | 0.36% | 251,500 | $27.9M | Add +89.7% |
| HD Home Depot Inc. | 0.35% | 67,400 | $27.3M | Reduce -13.7% |
| AXP American Express Co. | 0.35% | 81,948 | $27.2M | Add +19.4% |
| UPS United Parcel Service Class B | 0.35% | 325,483 | $27.2M | Reduce -2.3% |
| HOOD Robinhood Markets Inc. Class A | 0.34% | 187,700 | $26.9M | Add +264.5% |
Portfolio Sells Q2 2025 → Q3 2025
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −0.92 |
| IT Gartner Inc. | Reduce -68.7% | 0.18% | −0.80 |
| META Meta Platforms Inc. Class A | Reduce -54.6% | 0.43% | −0.60 |
| STX Seagate Technology Holdings | Reduce -87.1% | 0.12% | −0.48 |
| SYF Synchrony Financial | Sold out | 0.00% | −0.47 |
| CRM Salesforce Inc. | Reduce -59.1% | 0.22% | −0.45 |
| BKNG Booking Holdings Inc. | Reduce -78.7% | 0.09% | −0.40 |
| CLX Clorox Company | Reduce -76.4% | 0.11% | −0.39 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.38 |
| GOOGL Alphabet Inc. Class A | Reduce -61.3% | 0.36% | −0.37 |
| NFLX Netflix Inc. | Reduce -32.5% | 0.46% | −0.36 |
| SPOT Spotify Technology SA | Reduce -48.8% | 0.27% | −0.36 |
| DKS Dick's Sporting Goods Inc. | Reduce -83.9% | 0.07% | −0.34 |
| RMD Resmed Inc. | Reduce -95.1% | 0.02% | −0.33 |
| FICO Fair Isaac Corp. | Reduce -46.7% | 0.21% | −0.32 |
| SNPS Synopsys Inc. | Reduce -71.7% | 0.10% | −0.31 |
| CTAS Cintas Corp. | Reduce -62.5% | 0.14% | −0.31 |
| GDDY GoDaddy Inc. Class A | Reduce -0.3% | 0.66% | −0.29 |
| UHS Universal Health Services-B | Reduce -62.5% | 0.17% | −0.27 |
| OMC Omnicom Group | Reduce -98.5% | 0.00% | −0.26 |
| GOOG Alphabet Inc. Class C | Reduce -53.1% | 0.37% | −0.25 |
| LII Lennox International Inc. | Reduce -76.0% | 0.06% | −0.25 |
| TMUS T-Mobile US Inc. | Reduce -36.7% | 0.34% | −0.24 |
| TGT Target Corp. | Reduce -98.1% | 0.00% | −0.23 |
| ADP Automatic Data Processing | Reduce -88.3% | 0.03% | −0.23 |
| CNC Centene Corp. | Reduce -70.9% | 0.05% | −0.22 |
| MOH Molina Healthcare Inc. | Reduce -81.3% | 0.03% | −0.22 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −0.22 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -61.3% | 0.20% | −0.21 |
| K Kellanova | Reduce -40.8% | 0.27% | −0.21 |
| CMI Cummins Inc. | Reduce -88.7% | 0.03% | −0.21 |
| WMT Walmart Inc. | Reduce -25.6% | 0.54% | −0.21 |
| UNH Unitedhealth Group Inc. | Reduce -48.1% | 0.23% | −0.21 |
| ORCL Oracle Corp. | Reduce -64.4% | 0.15% | −0.20 |
| BR Broadridge Financial Solutio | Reduce -65.5% | 0.09% | −0.20 |
| PGR Progressive Corp. | Reduce -35.9% | 0.23% | −0.19 |
| SHOP Shopify Inc. Class A | Reduce -61.7% | 0.16% | −0.19 |
| PSA Public Storage | Reduce -42.8% | 0.20% | −0.19 |
| APTV Aptiv PLC | Sold out | 0.00% | −0.19 |
| MSCI MSCI Inc. | Reduce -84.3% | 0.03% | −0.18 |
| ELS Equity Lifestyle Properties | Reduce -54.6% | 0.12% | −0.18 |
| ADBE Adobe Inc. | Reduce -6.4% | 0.64% | −0.18 |
| GIB Cgi Inc. | Reduce -40.5% | 0.16% | −0.18 |
| NOW ServiceNow Inc. | Reduce -36.9% | 0.19% | −0.18 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −0.17 |
| WSO Watsco Inc. | Reduce -65.5% | 0.07% | −0.17 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.17 |
| FNF Fidelity National Financial | Sold out | 0.00% | −0.17 |
| CAH Cardinal Health Inc. | Reduce -85.7% | 0.02% | −0.16 |
| VTR Ventas Inc. | Reduce -50.5% | 0.15% | −0.15 |
Portfolio Buys Q2 2025 → Q3 2025
| ULTA Ulta Beauty Inc. | Add +351900.0% | 1.60% | +1.60 |
| LRCX Lam Research Corp. | Add +90.9% | 2.17% | +1.27 |
| KLAC KLA Corp. | Add +42.6% | 2.33% | +0.85 |
| QCOM Qualcomm Inc. | Add +41.8% | 3.14% | +0.83 |
| MU Micron Technology Inc. | Add +2087.0% | 0.73% | +0.70 |
| ABT Abbott Laboratories | New | 0.55% | +0.55 |
| ZM Zoom Communications Inc. | New | 0.50% | +0.50 |
| DOCU Docusign Inc. | New | 0.45% | +0.45 |
| WFC Wells Fargo & Co. | New | 0.42% | +0.42 |
| WAT Waters Corp. | Add +1044.8% | 0.45% | +0.40 |
| AMAT Applied Materials Inc. | Add +37.2% | 1.34% | +0.39 |
| EXPE Expedia Group Inc. | New | 0.36% | +0.36 |
| CVS CVS Health Corp. | New | 0.36% | +0.36 |
| V Visa Inc. Class A | Add +109.4% | 0.75% | +0.35 |
| NXPI NXP Semiconductors NV | Add +65.2% | 0.87% | +0.32 |
| WDC Western Digital Corp. | Add +136.4% | 0.42% | +0.32 |
| MDT Medtronic PLC | Add +412.8% | 0.39% | +0.31 |
| EXC Exelon Corp. | Add +230.1% | 0.43% | +0.29 |
| WELL Welltower Inc. | Add +743.1% | 0.31% | +0.28 |
| HOOD Robinhood Markets Inc. Class A | Add +264.5% | 0.34% | +0.28 |
| ZTS Zoetis Inc. | Add +136.9% | 0.50% | +0.26 |
| TPR Tapestry Inc. | New | 0.25% | +0.25 |
| CME Cme Group Inc. | Add +113.0% | 0.50% | +0.24 |
| DT Dynatrace Inc. | New | 0.24% | +0.24 |
| PINS Pinterest Inc. Class A | Add +77.5% | 0.73% | +0.23 |
| BMY Bristol-Myers Squibb Co. | Add +65.1% | 0.68% | +0.22 |
| IDXX Idexx Laboratories Inc. | Add +533.1% | 0.24% | +0.21 |
| ROK Rockwell Automation Inc. | Add +276.8% | 0.28% | +0.20 |
| ESS Essex Property Trust Inc. | Add +223.3% | 0.30% | +0.20 |
| AVGO Broadcom Inc. | Add +26.5% | 0.69% | +0.19 |
| LLY Eli Lilly & Co. | Add +96.3% | 0.42% | +0.18 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.18% | +0.18 |
| WAB Wabtec Corp. | Add +91.5% | 0.44% | +0.18 |
| EMR Emerson Electric Co. | New | 0.17% | +0.17 |
| TXN Texas Instruments Inc. | Add +216.7% | 0.28% | +0.17 |
| ECL Ecolab Inc. | Add +136.2% | 0.30% | +0.16 |
| NEM Newmont Corp. | Add +603.3% | 0.18% | +0.16 |
| CPAY Corpay Inc. | Add +56150.0% | 0.15% | +0.15 |
| AEM Agnico Eagle Mines Ltd. | Add +36.9% | 0.33% | +0.15 |
| INCY Incyte Corp. | Add +24.2% | 0.50% | +0.15 |
| ICE Intercontinental Exchange Inc. | New | 0.14% | +0.14 |
| MA Mastercard Inc. Class A | Add +29.6% | 0.85% | +0.14 |
| CTVA Corteva Inc. | Add +369.8% | 0.19% | +0.14 |
| STE Steris PLC | Add +854.2% | 0.14% | +0.13 |
| COR Cencora Inc. | New | 0.13% | +0.13 |
| AMGN Amgen Inc. | Add +306.9% | 0.17% | +0.13 |
| TEL Te Connectivity PLC | Add +11.9% | 0.49% | +0.13 |
| CPRT Copart Inc. | Add +145.5% | 0.24% | +0.12 |
| ABBV Abbvie Inc. | Add +43.5% | 0.32% | +0.12 |
| UBER Uber Technologies Inc. | Add +50.6% | 0.38% | +0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 393 | $8.7B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 396 | $8.4B | NVDA, AAPL, MSFT, AZN, AMZN |
| Q4 2025 | 402 | $8.1B | NVDA, AAPL, MSFT, AMZN, QCOM |
| Q3 2025 | 404 | $7.8B | QCOM, NVDA, AAPL, KLAC, APP |
| Q2 2025 | 467 | $7.2B | NVDA, QCOM, AAPL, KLAC, APP |
| Q1 2025 | 463 | $6.1B | AAPL, QCOM, KLAC, MSFT, META |
| Q4 2024 | 385 | $6.2B | NVDA, AAPL, NTAP, MSFT, META |
| Q3 2024 | 426 | $6.8B | NVDA, AAPL, QCOM, META, MSFT |
| Q2 2024 | 415 | $6.0B | NVDA, AAPL, QCOM, META, MSFT |
| Q1 2024 | 363 | $5.6B | AAPL, NVDA, MSFT, QCOM, AVGO |