Andra AP-fonden
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Andra AP-fonden reported 402 stock positions worth $8.1 billion. Its top holding was Nvidia (NVDA) at 4.8% of the portfolio, followed by Apple (AAPL, 4.2%) and Microsoft (MSFT, 3.4%). Compared with Q3 2025, it opened 74 new positions, sold out of 76, added to 130 and reduced 192. The biggest buy was Microsoft (MSFT, shares +355%) and the biggest sale AppLovin Class A (APP, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- GOTEBORG, V7
- CIK
- 0001535452
- Portfolio Value
- $8.1B (Q4 2025)
- SEC Filing
- 0001535452-26-000002 ↗ filed Feb 12, 2026
Holdings Value
Holdings 402 stocks · $8.1B
| NVDA Nvidia Corp. | 4.82% | 2,092,177 | $390.2M | Add +90.3% |
| AAPL Apple Inc. | 4.24% | 1,262,188 | $343.1M | Add +63.1% |
| MSFT Microsoft Corp. | 3.36% | 562,254 | $271.9M | Add +354.6% |
| AMZN Amazon.com Inc. | 2.31% | 810,008 | $187.0M | Add +286.7% |
| QCOM Qualcomm Inc. | 2.08% | 984,500 | $168.4M | Reduce -33.3% |
| GOOGL Alphabet Inc. Class A | 1.71% | 442,074 | $138.4M | Add +281.8% |
| AVGO Broadcom Inc. | 1.40% | 326,307 | $112.9M | Add +99.9% |
| KLAC KLA Corp. | 1.39% | 92,860 | $112.8M | Reduce -45.0% |
| META Meta Platforms Inc. Class A | 1.17% | 143,489 | $94.7M | Add +214.1% |
| ULTA Ulta Beauty Inc. | 1.16% | 154,580 | $93.5M | Reduce -32.4% |
| LLY Eli Lilly & Co. | 1.10% | 83,230 | $89.4M | Add +94.5% |
| AMAT Applied Materials Inc. | 0.99% | 311,500 | $80.1M | Reduce -39.3% |
| LRCX Lam Research Corp. | 0.98% | 462,800 | $79.2M | Reduce -63.5% |
| GOOG Alphabet Inc. Class C | 0.97% | 251,439 | $78.9M | Add +113.5% |
| JPM JPMorgan Chase & Co. | 0.96% | 241,001 | $77.7M | Add +123.8% |
| V Visa Inc. Class A | 0.90% | 208,115 | $73.0M | Add +20.7% |
| MA Mastercard Inc. Class A | 0.89% | 126,061 | $72.0M | Add +8.3% |
| JNJ Johnson & Johnson | 0.87% | 342,105 | $70.8M | Add +69.7% |
| APP AppLovin Corp. Class A | 0.87% | 104,163 | $70.2M | Reduce -58.6% |
| PLTR Palantir Technologies Inc. Class A | 0.85% | 385,037 | $68.4M | Add +46.1% |
| NXPI NXP Semiconductors NV | 0.84% | 312,600 | $67.9M | Add +4.3% |
| NTAP Netapp Inc. | 0.80% | 601,600 | $64.4M | Reduce -28.8% |
| NFLX Netflix Inc. | 0.77% | 664,710 | $62.3M | Add +123.8% |
| GILD Gilead Sciences Inc. | 0.73% | 482,800 | $59.3M | Reduce -19.2% |
| MICC The Magnum Ice Cream Co. NV | 0.71% | 48,982 | $57.7M | New |
| EA Electronic Arts Inc. | 0.67% | 266,900 | $54.5M | Reduce -0.2% |
| KGC Kinross Gold Corp. | 0.66% | 1,388,700 | $53.7M | Reduce -10.0% |
| MU Micron Technology Inc. | 0.65% | 183,965 | $52.5M | Reduce -46.2% |
| PINS Pinterest Inc. Class A | 0.61% | 1,915,500 | $49.6M | Add +7.9% |
| FOX Fox Corp. Class B | 0.60% | 753,700 | $48.9M | Reduce -32.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.58% | 305,800 | $47.0M | Reduce -8.6% |
| MRK Merck & Co. Inc. | 0.56% | 428,100 | $45.1M | Reduce -21.4% |
| ABBV Abbvie Inc. | 0.56% | 196,842 | $45.0M | Add +83.5% |
| WDC Western Digital Corp. | 0.55% | 260,400 | $44.9M | Reduce -5.5% |
| TXN Texas Instruments Inc. | 0.55% | 257,200 | $44.6M | Add +118.3% |
| INTU Intuit Inc. | 0.54% | 65,560 | $43.4M | Add +92.0% |
| WSM Williams-Sonoma Inc. | 0.53% | 238,600 | $42.6M | New |
| COF Capital One Financial Corp. | 0.52% | 173,031 | $41.9M | Reduce -11.8% |
| ADBE Adobe Inc. | 0.51% | 118,440 | $41.5M | Reduce -17.1% |
| FAST Fastenal Co. | 0.51% | 1,028,100 | $41.3M | Add +4.4% |
| ABT Abbott Laboratories | 0.50% | 325,208 | $40.7M | Add +2.0% |
| TER Teradyne Inc. | 0.50% | 209,700 | $40.6M | Reduce -46.3% |
| LOW Lowe's Cos Inc. | 0.49% | 163,520 | $39.4M | Reduce -35.5% |
| INCY Incyte Corp. | 0.48% | 396,300 | $39.1M | Reduce -14.0% |
| CTSH Cognizant Tech Solutions-A | 0.47% | 458,397 | $38.0M | Reduce -35.4% |
| ON On Semiconductor | 0.46% | 685,900 | $37.1M | Reduce -8.3% |
| WFC Wells Fargo & Co. | 0.45% | 394,800 | $36.8M | Add +1.1% |
| BMY Bristol-Myers Squibb Co. | 0.45% | 681,600 | $36.8M | Reduce -42.1% |
| ACN Accenture PLC Class A | 0.45% | 136,608 | $36.7M | Reduce -28.1% |
| CSCO Cisco Systems Inc. | 0.44% | 466,478 | $35.9M | Reduce -12.8% |
| TEL Te Connectivity PLC | 0.44% | 156,200 | $35.5M | Reduce -11.4% |
| WMT Walmart Inc. | 0.44% | 316,500 | $35.3M | Reduce -22.4% |
| ROST Ross Stores Inc. | 0.43% | 194,600 | $35.1M | Reduce -30.8% |
| NOW ServiceNow Inc. | 0.42% | 224,400 | $34.4M | Add +178.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.42% | 298,000 | $33.9M | Add +363.4% |
| CRDO Credo Technology Group Holdi | 0.42% | 235,200 | $33.8M | Add +785.7% |
| ZM Zoom Communications Inc. | 0.42% | 390,900 | $33.7M | Reduce -18.0% |
| BKNG Booking Holdings Inc. | 0.42% | 6,290 | $33.7M | Add +383.9% |
| C Citigroup Inc. | 0.41% | 285,400 | $33.3M | Reduce -8.2% |
| VRSN Verisign Inc. | 0.40% | 134,780 | $32.7M | Add +9.4% |
| PYPL PayPal Holdings Inc. | 0.40% | 556,500 | $32.5M | Reduce -17.1% |
| ADSK Autodesk Inc. | 0.40% | 108,580 | $32.1M | Reduce -1.1% |
| GS Goldman Sachs Group Inc. | 0.40% | 36,437 | $32.0M | Reduce -3.3% |
| HD Home Depot Inc. | 0.39% | 92,760 | $31.9M | Add +37.6% |
| KO The Coca-Cola Co. | 0.39% | 455,200 | $31.8M | Reduce -4.7% |
| UBER Uber Technologies Inc. | 0.39% | 384,498 | $31.4M | Add +27.0% |
| VZ Verizon Communications Inc. | 0.39% | 766,100 | $31.2M | Reduce -39.5% |
| IT Gartner Inc. | 0.38% | 121,920 | $30.8M | Add +121.7% |
| AEM Agnico Eagle Mines Ltd. | 0.38% | 130,487 | $30.4M | Add +18.8% |
| T AT&T Inc. | 0.37% | 1,220,300 | $30.3M | Add +33.4% |
| GWW WW Grainger Inc. | 0.37% | 30,000 | $30.3M | Reduce -21.5% |
| CCL Carnival Corp. | 0.37% | 984,600 | $30.1M | Reduce -3.4% |
| EXPE Expedia Group Inc. | 0.37% | 105,700 | $29.9M | Reduce -20.6% |
| CVS CVS Health Corp. | 0.37% | 375,400 | $29.8M | Add +1.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 99,100 | $29.4M | Reduce -18.4% |
| MMM 3M Co. | 0.36% | 182,962 | $29.3M | Reduce -26.8% |
| NEM Newmont Corp. | 0.36% | 292,700 | $29.2M | Add +72.7% |
| WAB Wabtec Corp. | 0.36% | 136,900 | $29.2M | Reduce -20.3% |
| ALLE Allegion PLC | 0.36% | 181,000 | $28.8M | Add +29.8% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.36% | 231,300 | $28.8M | Reduce -39.8% |
| EME Emcor Group Inc. | 0.35% | 46,600 | $28.5M | Reduce -4.5% |
| CME Cme Group Inc. | 0.35% | 102,680 | $28.0M | Reduce -29.3% |
| GDDY GoDaddy Inc. Class A | 0.34% | 220,300 | $27.3M | Reduce -42.1% |
| ECL Ecolab Inc. | 0.33% | 102,000 | $26.8M | Add +18.3% |
| ANET Arista Networks Inc. | 0.33% | 204,000 | $26.7M | Add +3.6% |
| MTD Mettler-Toledo International | 0.33% | 19,030 | $26.5M | Reduce -11.5% |
| CEG Constellation Energy | 0.33% | 74,940 | $26.5M | Reduce -29.4% |
| IDXX Idexx Laboratories Inc. | 0.32% | 38,320 | $25.9M | Add +28.2% |
| VEEV Veeva Systems Inc. Class A | 0.32% | 115,017 | $25.7M | Add +100.4% |
| BBY Best Buy Co. Inc. | 0.32% | 382,200 | $25.6M | Reduce -16.8% |
| CRM Salesforce Inc. | 0.31% | 96,032 | $25.4M | Add +35.0% |
| MDT Medtronic PLC | 0.31% | 263,729 | $25.3M | Reduce -17.9% |
| PFE Pfizer Inc. | 0.31% | 1,017,200 | $25.3M | Add +2.1% |
| WELL Welltower Inc. | 0.31% | 135,100 | $25.1M | Reduce -2.0% |
| ITW Illinois Tool Works | 0.31% | 101,700 | $25.0M | Reduce -24.6% |
| AXP American Express Co. | 0.31% | 67,000 | $24.8M | Reduce -18.2% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.30% | 1,474,600 | $24.7M | Reduce -45.4% |
| EXC Exelon Corp. | 0.30% | 560,600 | $24.4M | Reduce -25.1% |
| ZTS Zoetis Inc. | 0.30% | 193,000 | $24.3M | Reduce -28.0% |
| DASH DoorDash Inc. Class A | 0.30% | 107,140 | $24.3M | Reduce -26.3% |
Portfolio Sells Q3 2025 → Q4 2025
| APP AppLovin Corp. Class A | Reduce -58.6% | 0.87% | −1.44 |
| LRCX Lam Research Corp. | Reduce -63.5% | 0.98% | −1.19 |
| QCOM Qualcomm Inc. | Reduce -33.3% | 2.08% | −1.06 |
| KLAC KLA Corp. | Reduce -45.0% | 1.39% | −0.93 |
| FOXA Fox Corp. Class A | Reduce -91.5% | 0.07% | −0.69 |
| DELL Dell Technologies -C | Reduce -89.7% | 0.06% | −0.62 |
| MPWR Monolithic Power Systems Inc. | Reduce -89.0% | 0.06% | −0.51 |
| NTAP Netapp Inc. | Reduce -28.8% | 0.80% | −0.48 |
| ULTA Ulta Beauty Inc. | Reduce -32.4% | 1.16% | −0.44 |
| DVA Davita Inc. | Sold out | 0.00% | −0.40 |
| AMAT Applied Materials Inc. | Reduce -39.3% | 0.99% | −0.35 |
| LOW Lowe's Cos Inc. | Reduce -35.5% | 0.49% | −0.33 |
| GDDY GoDaddy Inc. Class A | Reduce -42.1% | 0.34% | −0.33 |
| VZ Verizon Communications Inc. | Reduce -39.5% | 0.39% | −0.33 |
| WAT Waters Corp. | Reduce -74.5% | 0.14% | −0.31 |
| GEN Gen Digital Inc. | Reduce -53.5% | 0.23% | −0.30 |
| HPE Hewlett Packard Enterprise | Reduce -97.4% | 0.01% | −0.30 |
| TMUS T-Mobile US Inc. | Reduce -77.2% | 0.06% | −0.28 |
| FISV Fiserv Inc. | Reduce -39.9% | 0.12% | −0.27 |
| SE Sea Ltd.-ADR | Reduce -75.5% | 0.06% | −0.27 |
| K Kellanova | Sold out | 0.00% | −0.27 |
| HPQ HP Inc. | Reduce -37.8% | 0.26% | −0.27 |
| UNP Union Pacific Corp. | Reduce -87.6% | 0.03% | −0.26 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -45.4% | 0.30% | −0.25 |
| PAYX Paychex Inc. | Reduce -92.1% | 0.02% | −0.25 |
| KMB Kimberly-Clark Corp. | Reduce -41.1% | 0.20% | −0.24 |
| BMY Bristol-Myers Squibb Co. | Reduce -42.1% | 0.45% | −0.22 |
| FTNT Fortinet Inc. | Reduce -43.5% | 0.24% | −0.22 |
| SSNC Ss&c Technologies Holdings | Reduce -97.4% | 0.01% | −0.22 |
| EXPD Expeditors Intl Wash Inc. | Reduce -62.3% | 0.17% | −0.22 |
| UTHR United Therapeutics Corp. | Reduce -59.9% | 0.18% | −0.22 |
| FOX Fox Corp. Class B | Reduce -32.1% | 0.60% | −0.21 |
| PCG P G & E Corp. | Reduce -55.2% | 0.18% | −0.21 |
| CPRT Copart Inc. | Reduce -82.3% | 0.04% | −0.21 |
| DASH DoorDash Inc. Class A | Reduce -26.3% | 0.30% | −0.21 |
| ZTS Zoetis Inc. | Reduce -28.0% | 0.30% | −0.20 |
| VRSK Verisk Analytics Inc. | Reduce -64.2% | 0.08% | −0.19 |
| CM Can Imperial BK of Commerce | Reduce -39.8% | 0.36% | −0.19 |
| TER Teradyne Inc. | Reduce -46.3% | 0.50% | −0.19 |
| ED Consolidated Edison Inc. | Reduce -61.6% | 0.11% | −0.18 |
| DOCU Docusign Inc. | Reduce -35.3% | 0.27% | −0.18 |
| RSG Republic Services Inc. | Reduce -38.5% | 0.22% | −0.18 |
| FICO Fair Isaac Corp. | Reduce -85.4% | 0.03% | −0.18 |
| PYPL PayPal Holdings Inc. | Reduce -17.1% | 0.40% | −0.17 |
| EIX Edison International | Reduce -50.7% | 0.18% | −0.16 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -82.2% | 0.04% | −0.16 |
| OTIS Otis Worldwide Corp. | Reduce -43.3% | 0.18% | −0.16 |
| NWSA News Corp. Class A | Reduce -56.2% | 0.09% | −0.16 |
| BAH Booz Allen Hamilton Holdings | Reduce -72.3% | 0.05% | −0.16 |
| TW Tradeweb Markets Inc. Class A | Reduce -39.9% | 0.20% | −0.16 |
Portfolio Buys Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Add +354.6% | 3.36% | +2.54 |
| NVDA Nvidia Corp. | Add +90.3% | 4.82% | +2.20 |
| AMZN Amazon.com Inc. | Add +286.7% | 2.31% | +1.72 |
| AAPL Apple Inc. | Add +63.1% | 4.24% | +1.72 |
| GOOGL Alphabet Inc. Class A | Add +281.8% | 1.71% | +1.35 |
| META Meta Platforms Inc. Class A | Add +214.1% | 1.17% | +0.74 |
| MICC The Magnum Ice Cream Co. NV | New | 0.71% | +0.71 |
| AVGO Broadcom Inc. | Add +99.9% | 1.40% | +0.71 |
| LLY Eli Lilly & Co. | Add +94.5% | 1.10% | +0.69 |
| GOOG Alphabet Inc. Class C | Add +113.5% | 0.97% | +0.61 |
| WSM Williams-Sonoma Inc. | New | 0.53% | +0.53 |
| JPM JPMorgan Chase & Co. | Add +123.8% | 0.96% | +0.53 |
| JNJ Johnson & Johnson | Add +69.7% | 0.87% | +0.40 |
| CRDO Credo Technology Group Holdi | Add +785.7% | 0.42% | +0.37 |
| BKNG Booking Holdings Inc. | Add +383.9% | 0.42% | +0.33 |
| DIS The Walt Disney Co. | Add +363.4% | 0.42% | +0.32 |
| NFLX Netflix Inc. | Add +123.8% | 0.77% | +0.31 |
| SYF Synchrony Financial | New | 0.30% | +0.30 |
| TXN Texas Instruments Inc. | Add +118.3% | 0.55% | +0.27 |
| INTU Intuit Inc. | Add +92.0% | 0.54% | +0.24 |
| ABBV Abbvie Inc. | Add +83.5% | 0.56% | +0.24 |
| PANW Palo Alto Networks Inc. | New | 0.24% | +0.24 |
| NOW ServiceNow Inc. | Add +178.6% | 0.42% | +0.24 |
| LIN Linde PLC | New | 0.23% | +0.23 |
| PLTR Palantir Technologies Inc. Class A | Add +46.1% | 0.85% | +0.23 |
| AMD Advanced Micro Devices | Add +704.0% | 0.25% | +0.23 |
| GE General Electric | New | 0.22% | +0.22 |
| MCK McKesson Corp. | Add +1265.0% | 0.22% | +0.21 |
| GRMN Garmin Ltd. | Add +535.3% | 0.25% | +0.20 |
| IT Gartner Inc. | Add +121.7% | 0.38% | +0.20 |
| SYK Stryker Corp. | Add +980.9% | 0.22% | +0.20 |
| OMC Omnicom Group | Add +4791.2% | 0.20% | +0.19 |
| BAC Bank of America Corp. | Add +601.8% | 0.22% | +0.19 |
| CDW CDW Corp. | New | 0.18% | +0.18 |
| NEM Newmont Corp. | Add +72.7% | 0.36% | +0.18 |
| APH Amphenol Corp. Class A | Add +546.9% | 0.20% | +0.17 |
| WDAY Workday Inc. Class A | Add +400.0% | 0.21% | +0.16 |
| ADI Analog Devices Inc. | New | 0.16% | +0.16 |
| LOGI Logitech International-Reg | Add +390.3% | 0.21% | +0.16 |
| CI The Cigna Group | Add +416.2% | 0.19% | +0.15 |
| V Visa Inc. Class A | Add +20.7% | 0.90% | +0.15 |
| ABNB Airbnb Inc. Class A | New | 0.15% | +0.15 |
| ORCL Oracle Corp. | Add +194.7% | 0.29% | +0.14 |
| MDLZ Mondelez International Inc. Class A | New | 0.14% | +0.14 |
| PG The Procter & Gamble Co. | New | 0.14% | +0.14 |
| CLX Clorox Company | Add +175.0% | 0.24% | +0.13 |
| ORLY O'reilly Automotive Inc. | New | 0.13% | +0.13 |
| BE Bloom Energy Corp. Class A | New | 0.13% | +0.13 |
| LVS Las Vegas Sands Corp. | New | 0.12% | +0.12 |
| NBIX Neurocrine Biosciences Inc. | New | 0.12% | +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 |