Fjarde Ap-Fonden /Fourth Swedish National Pension Fund
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 29, 2026), Fjarde Ap-Fonden /Fourth Swedish National Pension Fund reported 525 stock positions worth $20.9 billion. Its top holding was Nvidia (NVDA) at 6.3% of the portfolio, followed by Apple (AAPL, 5.7%) and Microsoft (MSFT, 3.8%). Compared with Q1 2026, it opened 3 new positions, sold out of 17, added to 255 and reduced 230. The biggest buy was Micron Technology (MU, shares +5%) and the biggest sale iShares Core MSCI Emerging (IEMG, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0001540880
- Portfolio Value
- $20.9B (Q2 2026)
- SEC Filing
- 0001540880-26-000008 ↗ filed Jul 29, 2026
Holdings Value
Holdings 525 stocks · $20.9B
| NVDA Nvidia Corp. | 6.27% | 6,560,099 | $1.3B | Reduce -3.7% |
| AAPL Apple Inc. | 5.73% | 4,147,208 | $1.2B | Add +1.4% |
| MSFT Microsoft Corp. | 3.78% | 2,123,559 | $792.1M | Add +2.5% |
| AMZN Amazon.com Inc. | 2.86% | 2,514,375 | $599.3M | Add +2.1% |
| GOOGL Alphabet Inc. Class A | 2.80% | 1,637,434 | $585.2M | Reduce -0.7% |
| AVGO Broadcom Inc. | 2.49% | 1,379,883 | $521.3M | Add +20.9% |
| GOOG Alphabet Inc. Class C | 2.24% | 1,324,032 | $467.8M | Reduce -7.4% |
| META Meta Platforms Inc. Class A | 1.88% | 699,247 | $393.9M | Add +0.5% |
| MU Micron Technology Inc. | 1.68% | 305,087 | $352.2M | Add +4.9% |
| IEMG iShares Core MSCI Emerging | 1.65% | 4,165,043 | $345.0M | Reduce -39.4% |
| LLY Eli Lilly & Co. | 1.57% | 274,422 | $329.1M | Reduce -20.4% |
| JNJ Johnson & Johnson | 1.52% | 1,256,669 | $319.2M | Add +3.4% |
| V Visa Inc. Class A | 1.37% | 833,530 | $286.0M | Reduce -3.8% |
| AMAT Applied Materials Inc. | 1.30% | 376,698 | $272.4M | Add +13.2% |
| AMD Advanced Micro Devices | 1.22% | 438,633 | $254.8M | Add +6.4% |
| LRCX Lam Research Corp. | 1.18% | 568,010 | $246.1M | Reduce -2.6% |
| CSCO Cisco Systems Inc. | 1.12% | 2,002,917 | $235.3M | Reduce -8.5% |
| JPM JPMorgan Chase & Co. | 1.08% | 687,767 | $225.1M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.99% | 412,534 | $206.4M | Reduce -0.6% |
| WMT Walmart Inc. | 0.95% | 1,746,421 | $197.8M | Reduce -0.9% |
| CAT Caterpillar Inc. | 0.89% | 175,084 | $186.4M | Reduce -6.7% |
| MA Mastercard Inc. Class A | 0.86% | 349,732 | $179.6M | Reduce -5.2% |
| PG The Procter & Gamble Co. | 0.82% | 1,167,628 | $171.2M | Reduce -1.5% |
| KLAC KLA Corp. | 0.80% | 554,290 | $167.2M | Reduce -1.7% |
| COST Costco Wholesale Corp. | 0.79% | 176,966 | $165.5M | Reduce -3.0% |
| KO The Coca-Cola Co. | 0.77% | 1,993,456 | $162.0M | Reduce -3.2% |
| MRK Merck & Co. Inc. | 0.77% | 1,252,379 | $160.9M | Add +5.9% |
| INTC Intel Corp. | 0.74% | 1,111,634 | $155.2M | Reduce -1.9% |
| TSLA Tesla Inc. | 0.68% | 337,648 | $142.0M | Add +27.2% |
| ABBV Abbvie Inc. | 0.65% | 543,225 | $136.7M | Add +1.9% |
| GE General Electric filed as GE AEROSPACE | 0.65% | 364,204 | $136.1M | Add +39.5% |
| NFLX Netflix Inc. | 0.64% | 1,885,865 | $134.7M | Add +2.3% |
| APH Amphenol Corp. Class A | 0.57% | 671,539 | $118.4M | Add +1.1% |
| PEP Pepsico Inc. | 0.55% | 847,234 | $114.7M | Add +9.7% |
| UNH Unitedhealth Group Inc. | 0.51% | 257,828 | $107.2M | Reduce -31.2% |
| TXN Texas Instruments Inc. | 0.50% | 353,731 | $105.4M | Reduce -0.2% |
| LIN Linde PLC | 0.50% | 201,607 | $104.6M | Add +2.8% |
| BAC Bank of America Corp. | 0.47% | 1,730,530 | $98.6M | Reduce -1.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.46% | 342,321 | $96.3M | Add +4.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.45% | 617,918 | $93.6M | Add +4.5% |
| HD Home Depot Inc. | 0.44% | 259,760 | $91.6M | Add +0.0% |
| PANW Palo Alto Networks Inc. | 0.43% | 266,698 | $90.9M | Add +4.4% |
| MCD McDonald's Corp. | 0.41% | 320,160 | $86.5M | Add +6.1% |
| WDC Western Digital Corp. | 0.41% | 133,316 | $85.2M | Add +49.1% |
| SPOT Spotify Technology SA | 0.41% | 185,000 | $84.9M | No change |
| GILD Gilead Sciences Inc. | 0.40% | 668,663 | $84.5M | Add +43.4% |
| GEV GE Vernova Inc. | 0.40% | 70,733 | $83.1M | Add +4.1% |
| VZ Verizon Communications Inc. | 0.39% | 1,908,488 | $80.8M | Add +4.4% |
| PGR Progressive Corp. | 0.38% | 361,870 | $79.1M | Reduce -2.6% |
| BKR Baker Hughes Co. | 0.37% | 1,412,480 | $78.4M | Add +21.8% |
| ANET Arista Networks Inc. | 0.37% | 460,434 | $78.2M | Reduce -3.3% |
| MRVL Marvell Technology Inc. | 0.37% | 259,447 | $77.3M | Reduce -5.2% |
| GS Goldman Sachs Group Inc. | 0.37% | 76,205 | $77.1M | Reduce -2.0% |
| CB Chubb Ltd. | 0.37% | 225,846 | $77.0M | Add +3.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.35% | 148,682 | $73.9M | Reduce -0.8% |
| WELL Welltower Inc. | 0.35% | 321,820 | $73.0M | Add +31.2% |
| T AT&T Inc. | 0.34% | 3,481,220 | $72.1M | Reduce -1.1% |
| GLW Corning Inc. | 0.34% | 279,771 | $71.5M | Add +4.8% |
| QCOM Qualcomm Inc. | 0.34% | 382,006 | $70.6M | Reduce -12.7% |
| WFC Wells Fargo & Co. | 0.33% | 844,329 | $69.8M | Add +0.8% |
| ORCL Oracle Corp. | 0.33% | 471,142 | $69.0M | Add +2.5% |
| AXP American Express Co. | 0.33% | 203,773 | $68.9M | Add +28.7% |
| UNP Union Pacific Corp. | 0.32% | 247,176 | $67.2M | Add +13.6% |
| PLTR Palantir Technologies Inc. Class A | 0.32% | 569,173 | $66.4M | Reduce -1.7% |
| AMGN Amgen Inc. | 0.31% | 176,962 | $64.1M | Add +6.5% |
| MS Morgan Stanley | 0.30% | 303,415 | $63.4M | Add +2.4% |
| STX Seagate Technology Holdings | 0.30% | 65,428 | $63.1M | Add +20.9% |
| C Citigroup Inc. | 0.30% | 449,441 | $62.9M | Reduce -5.3% |
| CME Cme Group Inc. | 0.30% | 284,507 | $62.8M | Add +11.7% |
| ABT Abbott Laboratories | 0.29% | 669,954 | $60.8M | Reduce -24.3% |
| WM Waste Management Inc. | 0.29% | 272,746 | $60.8M | Add +19.7% |
| MCK McKesson Corp. | 0.29% | 80,197 | $60.6M | Add +3.8% |
| MRSH Marsh & McLennan Cos | 0.29% | 359,381 | $59.9M | Add +8.3% |
| ETN Eaton Corp. PLC | 0.28% | 137,105 | $58.4M | Add +1.7% |
| TMUS T-Mobile US Inc. | 0.28% | 346,454 | $58.1M | Add +13.0% |
| BMY Bristol-Myers Squibb Co. | 0.27% | 993,206 | $57.2M | Add +66.9% |
| MNST Monster Beverage Corp. | 0.26% | 570,891 | $54.9M | Add +0.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.26% | 71,477 | $54.5M | Add +2.4% |
| FTNT Fortinet Inc. | 0.26% | 348,930 | $53.6M | Reduce -8.2% |
| ADI Analog Devices Inc. | 0.26% | 134,506 | $53.4M | Add +7.5% |
| COR Cencora Inc. | 0.25% | 186,812 | $52.9M | Add +0.0% |
| TRV The Travelers Cos Inc. | 0.25% | 158,161 | $52.2M | Add +16.8% |
| CL Colgate-Palmolive Co. | 0.24% | 549,324 | $50.4M | Reduce -2.1% |
| APP AppLovin Corp. Class A | 0.23% | 95,380 | $49.1M | Add +57.4% |
| ISRG Intuitive Surgical Inc. | 0.23% | 122,499 | $48.7M | Reduce -5.4% |
| UBER Uber Technologies Inc. | 0.23% | 658,783 | $47.5M | Reduce -28.5% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 93,258 | $46.8M | Add +2.0% |
| PH Parker Hannifin Corp. | 0.22% | 47,300 | $46.3M | Add +11.6% |
| PFE Pfizer Inc. | 0.22% | 1,898,971 | $45.7M | Add +31.8% |
| ADBE Adobe Inc. | 0.21% | 218,486 | $44.8M | Reduce -6.2% |
| ORLY O'reilly Automotive Inc. | 0.21% | 484,584 | $44.6M | Add +0.3% |
| TT Trane Technologies PLC | 0.21% | 90,713 | $44.6M | Reduce -8.5% |
| SCHW Schwab (charles) Corp. | 0.21% | 480,711 | $44.4M | Add +7.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 455,300 | $43.8M | Reduce -3.7% |
| CRM Salesforce Inc. | 0.21% | 277,879 | $43.5M | Reduce -13.6% |
| CDNS Cadence Design SYS Inc. | 0.20% | 113,443 | $42.6M | Add +1.4% |
| RSG Republic Services Inc. | 0.20% | 198,974 | $42.4M | Reduce -1.0% |
| ADP Automatic Data Processing | 0.20% | 185,768 | $41.6M | Reduce -4.7% |
| LNG Cheniere Energy Inc. | 0.19% | 168,880 | $40.4M | Add +13.9% |
| AON Aon PLC Class A | 0.19% | 120,985 | $40.1M | Add +29.7% |
Portfolio Sells Q1 2026 → Q2 2026
| IEMG iShares Core MSCI Emerging | Reduce -39.4% | 1.65% | −0.96 |
| WMT Walmart Inc. | Reduce -0.9% | 0.95% | −0.25 |
| T AT&T Inc. | Reduce -1.1% | 0.34% | −0.21 |
| ABT Abbott Laboratories | Reduce -24.3% | 0.29% | −0.20 |
| NVDA Nvidia Corp. | Reduce -3.7% | 6.27% | −0.20 |
| COST Costco Wholesale Corp. | Reduce -3.0% | 0.79% | −0.20 |
| INTU Intuit Inc. | Reduce -3.6% | 0.17% | −0.16 |
| ACN Accenture PLC Class A | Reduce -0.2% | 0.19% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -20.4% | 1.57% | −0.15 |
| MA Mastercard Inc. Class A | Reduce -5.2% | 0.86% | −0.15 |
| PLTR Palantir Technologies Inc. Class A | Reduce -1.7% | 0.32% | −0.14 |
| UBER Uber Technologies Inc. | Reduce -28.5% | 0.23% | −0.13 |
| CRM Salesforce Inc. | Reduce -13.6% | 0.21% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -1.5% | 0.82% | −0.12 |
| SO The Southern Co. | Sold out | 0.00% | −0.11 |
| BLK BlackRock Inc. | Reduce -29.2% | 0.17% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 0.99% | −0.10 |
| ADBE Adobe Inc. | Reduce -6.2% | 0.21% | −0.09 |
| ISRG Intuitive Surgical Inc. | Reduce -5.4% | 0.23% | −0.09 |
| CEG Constellation Energy | Reduce -34.1% | 0.08% | −0.08 |
| KO The Coca-Cola Co. | Reduce -3.2% | 0.77% | −0.08 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.07 |
| GIS General Mills Inc. | Reduce -50.5% | 0.04% | −0.06 |
| GDDY GoDaddy Inc. Class A | Reduce -100.0% | 0.00% | −0.06 |
| NKE Nike Inc. Class B | Reduce -27.6% | 0.06% | −0.06 |
| JKHY Jack Henry & Associates Inc. | Reduce -99.9% | 0.00% | −0.06 |
| V Visa Inc. Class A | Reduce -3.8% | 1.37% | −0.06 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.06 |
| ADSK Autodesk Inc. | Reduce -6.6% | 0.11% | −0.06 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.06 |
| CTSH Cognizant Tech Solutions-A | Reduce -0.3% | 0.06% | −0.05 |
| EA Electronic Arts Inc. | Reduce -13.5% | 0.14% | −0.04 |
| ACM Aecom | Reduce -99.9% | 0.00% | −0.04 |
| MPWR Monolithic Power Systems Inc. | Reduce -40.7% | 0.08% | −0.04 |
| CRH CRH PLC | Reduce -38.0% | 0.05% | −0.04 |
| AZO AutoZone Inc. | Reduce -0.8% | 0.19% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -31.2% | 0.51% | −0.04 |
| WTRG Essential Utilities Inc. | Sold out | 0.00% | −0.04 |
| MCO Moody's Corp. | Reduce -13.4% | 0.15% | −0.04 |
| DIS The Walt Disney Co. | Reduce -3.7% | 0.21% | −0.04 |
| NOW ServiceNow Inc. | Reduce -0.6% | 0.19% | −0.04 |
| SPGI S&P Global Inc. | Reduce -2.9% | 0.17% | −0.04 |
| RSG Republic Services Inc. | Reduce -1.0% | 0.20% | −0.04 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -93.8% | 0.00% | −0.04 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.04 |
| FDX FedEx Corp. | Reduce -80.6% | 0.01% | −0.04 |
| SLB SLB Ltd. | Reduce -70.8% | 0.01% | −0.04 |
| EXPD Expeditors Intl Wash Inc. | Sold out | 0.00% | −0.04 |
| IT Gartner Inc. | Reduce -89.6% | 0.00% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.7% | 1.08% | −0.03 |
Portfolio Buys Q1 2026 → Q2 2026
| MU Micron Technology Inc. | Add +4.9% | 1.68% | +1.15 |
| AMD Advanced Micro Devices | Add +6.4% | 1.22% | +0.76 |
| AMAT Applied Materials Inc. | Add +13.2% | 1.30% | +0.68 |
| AVGO Broadcom Inc. | Add +20.9% | 2.49% | +0.57 |
| WDC Western Digital Corp. | Add +49.1% | 0.41% | +0.28 |
| GE General Electric | Add +39.5% | 0.65% | +0.25 |
| PANW Palo Alto Networks Inc. | Add +4.4% | 0.43% | +0.21 |
| STX Seagate Technology Holdings | Add +20.9% | 0.30% | +0.19 |
| GLW Corning Inc. | Add +4.8% | 0.34% | +0.14 |
| TSLA Tesla Inc. | Add +27.2% | 0.68% | +0.14 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +2.4% | 0.26% | +0.11 |
| APH Amphenol Corp. Class A | Add +1.1% | 0.57% | +0.11 |
| APP AppLovin Corp. Class A | Add +57.4% | 0.23% | +0.10 |
| WELL Welltower Inc. | Add +31.2% | 0.35% | +0.08 |
| BMY Bristol-Myers Squibb Co. | Add +66.9% | 0.27% | +0.08 |
| AAPL Apple Inc. | Add +1.4% | 5.73% | +0.07 |
| GEV GE Vernova Inc. | Add +4.1% | 0.40% | +0.07 |
| TER Teradyne Inc. | Add +22.3% | 0.17% | +0.07 |
| BE Bloom Energy Corp. Class A | Add +19.2% | 0.12% | +0.07 |
| AXP American Express Co. | Add +28.7% | 0.33% | +0.07 |
| AMZN Amazon.com Inc. | Add +2.1% | 2.86% | +0.07 |
| CRDO Credo Technology Group Holdi | Add +4.7% | 0.09% | +0.06 |
| GILD Gilead Sciences Inc. | Add +43.4% | 0.40% | +0.05 |
| DDOG Datadog Inc. Class A | Add +0.4% | 0.10% | +0.05 |
| SNOW Snowflake Inc. | Add +6.2% | 0.13% | +0.05 |
| NUE Nucor Corp. | Add +32.1% | 0.13% | +0.05 |
| STLD Steel Dynamics Inc. | Add +31.4% | 0.14% | +0.04 |
| COHR Coherent Corp. | Add +27.9% | 0.09% | +0.04 |
| CVS CVS Health Corp. | Add +2.3% | 0.17% | +0.04 |
| ADI Analog Devices Inc. | Add +7.5% | 0.26% | +0.04 |
| MS Morgan Stanley | Add +2.4% | 0.30% | +0.04 |
| MNST Monster Beverage Corp. | Add +0.1% | 0.26% | +0.04 |
| CIEN Ciena Corp. | Add +28.7% | 0.12% | +0.04 |
| MTZ Mastec Inc. | Add +104.8% | 0.06% | +0.03 |
| TRV The Travelers Cos Inc. | Add +16.8% | 0.25% | +0.03 |
| CDNS Cadence Design SYS Inc. | Add +1.4% | 0.20% | +0.03 |
| UNP Union Pacific Corp. | Add +13.6% | 0.32% | +0.03 |
| URI United Rentals Inc. | Add +13.3% | 0.09% | +0.03 |
| FSLR First Solar Inc. | Add +44.8% | 0.09% | +0.03 |
| RCL Royal Caribbean Cruises Ltd. | Add +29.4% | 0.13% | +0.03 |
| D Dominion Energy Inc. | Add +25.5% | 0.18% | +0.03 |
| FIX Comfort Systems USA Inc. | Add +1.0% | 0.15% | +0.03 |
| UPS United Parcel Service Class B | Add +134.0% | 0.06% | +0.03 |
| PWR Quanta Services Inc. | Add +10.9% | 0.14% | +0.03 |
| CW Curtiss-Wright Corp. | Add +95.7% | 0.06% | +0.03 |
| CTVA Corteva Inc. | Add +42.1% | 0.13% | +0.03 |
| VRT Vertiv Holdings Co. Class A | Add +4.9% | 0.15% | +0.03 |
| IBM Intl Business Machines Corp. | Add +4.6% | 0.46% | +0.03 |
| AON Aon PLC Class A | Add +29.7% | 0.19% | +0.03 |
| TWLO Twilio Inc. Class A | Add +22.9% | 0.06% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 525 | $20.9B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 538 | $18.3B | NVDA, AAPL, MSFT, AMZN, IEMG |
| Q4 2025 | 499 | $11.9B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 465 | $11.6B | NVDA, AAPL, MSFT, AMZN, META |
| Q2 2025 | 494 | $10.8B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 527 | $8.3B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 531 | $9.9B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 527 | $9.8B | AAPL, NVDA, MSFT, AMZN, META |
| Q1 2024 | 535 | $9.0B | MSFT, AAPL, NVDA, AMZN, META |