Fjarde Ap-Fonden /Fourth Swedish National Pension Fund
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 25, 2024), Fjarde Ap-Fonden /Fourth Swedish National Pension Fund reported 535 stock positions worth $9.0 billion. Its top holding was Microsoft (MSFT) at 5.6% of the portfolio, followed by Apple (AAPL, 4.8%) and Nvidia (NVDA, 4.6%). Compared with Q4 2023, it opened 7 new positions, sold out of 23, added to 354 and reduced 164. The biggest buy was Nvidia (NVDA, shares +3%) and the biggest sale Apple (AAPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0001540880
- Portfolio Value
- $9.0B (Q1 2024)
- SEC Filing
- 0001540880-24-000003 ↗ filed Apr 25, 2024
Holdings Value
Holdings 535 stocks · $9.0B
| MSFT Microsoft Corp. | 5.61% | 1,205,380 | $507.1M | Add +3.0% |
| AAPL Apple Inc. | 4.79% | 2,524,669 | $432.9M | Reduce -4.3% |
| NVDA Nvidia Corp. | 4.61% | 461,360 | $416.9M | Add +2.5% |
| AMZN Amazon.com Inc. | 2.94% | 1,472,046 | $265.5M | Add +4.0% |
| META Meta Platforms Inc. Class A | 2.33% | 434,098 | $210.8M | Add +2.5% |
| GOOGL Alphabet Inc. Class A | 1.75% | 1,049,420 | $158.4M | Add +2.8% |
| GOOG Alphabet Inc. Class C | 1.55% | 922,807 | $140.5M | Add +1.5% |
| LLY Eli Lilly & Co. | 1.48% | 172,514 | $134.2M | Add +1.6% |
| AVGO Broadcom Inc. | 1.26% | 86,099 | $114.1M | Add +2.4% |
| JNJ Johnson & Johnson | 1.26% | 718,313 | $113.6M | Add +2.0% |
| PG The Procter & Gamble Co. | 1.19% | 661,834 | $107.4M | Add +4.0% |
| V Visa Inc. Class A | 1.16% | 374,583 | $104.5M | Add +0.8% |
| UNH Unitedhealth Group Inc. | 1.11% | 203,018 | $100.4M | Add +2.5% |
| HD Home Depot Inc. | 1.07% | 252,109 | $96.7M | Add +3.9% |
| MRK Merck & Co. Inc. | 1.04% | 711,629 | $93.9M | Add +3.2% |
| JPM JPMorgan Chase & Co. | 0.99% | 449,214 | $90.0M | Add +4.0% |
| MA Mastercard Inc. Class A | 0.96% | 180,739 | $87.0M | Add +2.9% |
| ABBV Abbvie Inc. | 0.94% | 467,784 | $85.2M | Add +3.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.93% | 198,959 | $83.7M | Add +1.6% |
| KO The Coca-Cola Co. | 0.89% | 1,310,106 | $80.2M | Add +6.0% |
| TSLA Tesla Inc. | 0.87% | 449,662 | $79.0M | Add +3.8% |
| CSCO Cisco Systems Inc. | 0.79% | 1,424,568 | $71.1M | Add +2.5% |
| PEP Pepsico Inc. | 0.78% | 400,608 | $70.1M | Add +4.1% |
| COST Costco Wholesale Corp. | 0.71% | 88,256 | $64.7M | Add +2.3% |
| LIN Linde PLC | 0.68% | 133,296 | $61.9M | Add +1.4% |
| VZ Verizon Communications Inc. | 0.62% | 1,339,082 | $56.2M | Add +2.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.59% | 279,581 | $53.4M | Add +2.3% |
| WMT Walmart Inc. | 0.58% | 869,900 | $52.3M | Add +3.1% |
| QCOM Qualcomm Inc. | 0.57% | 304,034 | $51.5M | Reduce -1.5% |
| ACN Accenture PLC Class A | 0.57% | 147,858 | $51.2M | Add +0.8% |
| TXN Texas Instruments Inc. | 0.54% | 280,031 | $48.8M | Reduce -0.7% |
| ADBE Adobe Inc. | 0.52% | 93,723 | $47.3M | Add +1.2% |
| MCD McDonald's Corp. | 0.51% | 164,970 | $46.5M | Add +6.7% |
| CRM Salesforce Inc. | 0.51% | 152,455 | $45.9M | Add +2.6% |
| AMD Advanced Micro Devices | 0.50% | 252,302 | $45.5M | Add +4.0% |
| AMGN Amgen Inc. | 0.50% | 158,262 | $45.0M | Add +3.1% |
| PFE Pfizer Inc. | 0.49% | 1,595,571 | $44.3M | Add +1.9% |
| CEG Constellation Energy | 0.48% | 236,826 | $43.8M | Add +18.9% |
| NFLX Netflix Inc. | 0.46% | 69,186 | $42.0M | Add +2.7% |
| CAT Caterpillar Inc. | 0.46% | 114,346 | $41.9M | Reduce -1.8% |
| CMCSA Comcast Corp. Class A | 0.46% | 956,091 | $41.4M | Add +0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.46% | 1,086,270 | $41.2M | Add +1.7% |
| ORCL Oracle Corp. | 0.41% | 296,368 | $37.2M | Add +4.4% |
| UNP Union Pacific Corp. | 0.41% | 150,476 | $37.0M | Reduce -2.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.41% | 300,500 | $36.8M | Add +2.2% |
| TMO Thermo Fisher Scientific Inc. | 0.39% | 60,865 | $35.4M | Reduce -0.2% |
| AMAT Applied Materials Inc. | 0.39% | 170,272 | $35.1M | Reduce -3.4% |
| BLK BlackRock Finance Inc. | 0.38% | 41,161 | $34.3M | Add +2.0% |
| WFC Wells Fargo & Co. | 0.36% | 555,145 | $32.2M | Add +2.9% |
| INTU Intuit Inc. | 0.35% | 49,140 | $31.9M | Add +3.6% |
| ABT Abbott Laboratories | 0.35% | 278,788 | $31.7M | Add +3.3% |
| BKR Baker Hughes Co. | 0.35% | 945,689 | $31.7M | Add +18.0% |
| MDT Medtronic PLC | 0.34% | 354,379 | $30.9M | Add +1.4% |
| GE General Electric | 0.34% | 175,065 | $30.7M | Add +2.9% |
| INTC Intel Corp. | 0.33% | 684,311 | $30.2M | Add +3.7% |
| DHR Danaher Corp. | 0.33% | 120,972 | $30.2M | Add +3.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.33% | 70,988 | $29.7M | Add +2.9% |
| MRSH Marsh & McLennan Cos | 0.33% | 143,431 | $29.5M | Add +0.5% |
| ROP Roper Technologies Inc. | 0.33% | 52,498 | $29.4M | Add +6.7% |
| PGR Progressive Corp. | 0.32% | 138,770 | $28.7M | Add +3.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.31% | 276,368 | $28.0M | Add +2.7% |
| BMY Bristol-Myers Squibb Co. | 0.31% | 509,506 | $27.6M | Add +3.2% |
| UBER Uber Technologies Inc. | 0.30% | 357,183 | $27.5M | Add +47.9% |
| LRCX Lam Research Corp. | 0.30% | 27,826 | $27.0M | Reduce -0.4% |
| ISRG Intuitive Surgical Inc. | 0.29% | 66,579 | $26.6M | Add +0.5% |
| CVS CVS Health Corp. | 0.29% | 332,419 | $26.5M | Add +3.9% |
| LOW Lowe's Cos Inc. | 0.29% | 103,405 | $26.3M | Add +3.9% |
| EIX Edison International | 0.29% | 370,097 | $26.2M | Add +1.6% |
| CB Chubb Ltd. | 0.29% | 100,564 | $26.1M | Add +2.6% |
| NOW ServiceNow Inc. | 0.29% | 33,956 | $25.9M | Add +4.3% |
| GILD Gilead Sciences Inc. | 0.28% | 350,363 | $25.7M | Add +4.3% |
| REGN Regeneron Pharmaceuticals | 0.28% | 26,452 | $25.5M | Add +1.1% |
| T AT&T Inc. | 0.28% | 1,445,170 | $25.4M | Add +9.7% |
| ADP Automatic Data Processing | 0.28% | 101,517 | $25.4M | Add +6.3% |
| ELV Elevance Health Inc. | 0.28% | 48,712 | $25.3M | Add +7.5% |
| TMUS T-Mobile US Inc. | 0.27% | 149,154 | $24.3M | Add +3.2% |
| NKE Nike Inc. Class B | 0.26% | 254,992 | $24.0M | Add +2.2% |
| GS Goldman Sachs Group Inc. | 0.26% | 56,925 | $23.8M | Reduce -1.4% |
| SPGI S&P Global Inc. | 0.26% | 55,700 | $23.7M | Add +1.6% |
| BKNG Booking Holdings Inc. | 0.26% | 6,507 | $23.6M | Add +1.6% |
| NUE Nucor Corp. | 0.26% | 116,999 | $23.2M | Add +4.5% |
| APH Amphenol Corp. Class A | 0.25% | 197,682 | $22.8M | Reduce -0.2% |
| CSX CSX Corp. | 0.25% | 609,733 | $22.6M | Add +1.4% |
| WM Waste Management Inc. | 0.24% | 103,296 | $22.0M | Add +4.9% |
| TRV The Travelers Cos Inc. | 0.24% | 94,551 | $21.8M | Reduce -1.9% |
| STLD Steel Dynamics Inc. | 0.24% | 145,055 | $21.5M | Reduce -2.7% |
| PLD Prologis Inc. | 0.24% | 164,936 | $21.5M | Add +4.3% |
| AFL Aflac Inc. | 0.24% | 249,274 | $21.4M | Add +5.7% |
| BX Blackstone Inc. | 0.24% | 161,861 | $21.3M | Add +4.7% |
| UPS United Parcel Service Class B | 0.23% | 142,141 | $21.1M | Reduce -0.8% |
| CME Cme Group Inc. | 0.23% | 96,745 | $20.8M | Add +3.0% |
| DE Deere & Co. | 0.23% | 50,703 | $20.8M | Add +12.4% |
| AXP American Express Co. | 0.23% | 90,563 | $20.6M | Reduce -7.7% |
| SYK Stryker Corp. | 0.23% | 56,983 | $20.4M | Add +0.2% |
| MCK McKesson Corp. | 0.22% | 37,853 | $20.3M | Add +3.3% |
| MU Micron Technology Inc. | 0.22% | 171,240 | $20.2M | Reduce -1.9% |
| TGT Target Corp. | 0.22% | 113,907 | $20.2M | Add +1.0% |
| SHW The Sherwin-Williams Co. | 0.22% | 56,945 | $19.8M | Add +56.3% |
| CI The Cigna Group | 0.22% | 54,204 | $19.7M | Reduce -2.2% |
| EMR Emerson Electric Co. | 0.22% | 172,873 | $19.6M | Add +8.3% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -4.3% | 4.79% | −1.57 |
| DD Dupont DE Nemours Inc. | Reduce -97.4% | 0.00% | −0.11 |
| CTVA Corteva Inc. | Reduce -97.4% | 0.00% | −0.08 |
| AWK American Water Works Co. Inc. | Reduce -66.7% | 0.03% | −0.08 |
| SPLK Splunk Inc. | Sold out | 0.00% | −0.07 |
| UNP Union Pacific Corp. | Reduce -2.4% | 0.41% | −0.06 |
| TXN Texas Instruments Inc. | Reduce -0.7% | 0.54% | −0.06 |
| ZTS Zoetis Inc. | Reduce -3.0% | 0.16% | −0.06 |
| UPS United Parcel Service Class B | Reduce -0.8% | 0.23% | −0.05 |
| NSC Norfolk Southern Corp. | Reduce -47.8% | 0.04% | −0.05 |
| EXC Exelon Corp. | Reduce -94.3% | 0.00% | −0.04 |
| ADI Analog Devices Inc. | Reduce -6.1% | 0.19% | −0.04 |
| ADM Archer-Daniels-Midland Co. | Reduce -4.7% | 0.09% | −0.03 |
| SBUX Starbucks Corp. | Reduce -0.9% | 0.16% | −0.03 |
| ACI Albertsons Cos Inc. Class A | Reduce -26.5% | 0.05% | −0.03 |
| MCHP Microchip Technology Inc. | Reduce -14.0% | 0.08% | −0.03 |
| CTSH Cognizant Tech Solutions-A | Reduce -0.3% | 0.14% | −0.02 |
| IDXX Idexx Laboratories Inc. | Reduce -5.6% | 0.10% | −0.02 |
| FDS Factset Research Systems Inc. | Reduce -28.8% | 0.03% | −0.02 |
| KEYS Keysight Technologies Inc. | Reduce -2.1% | 0.13% | −0.02 |
| VRSN Verisign Inc. | Reduce -3.0% | 0.08% | −0.02 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -1.8% | 0.05% | −0.02 |
| NEE Nextera Energy Inc. | Reduce -17.7% | 0.06% | −0.02 |
| MCO Moody's Corp. | Reduce -2.1% | 0.12% | −0.02 |
| PNC PNC Financial Services Group | Reduce -2.7% | 0.15% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -1.4% | 0.26% | −0.02 |
| LCID Lucid Group Inc. | Reduce -86.7% | 0.00% | −0.02 |
| VTR Ventas Inc. | Reduce -8.8% | 0.03% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.2% | 0.39% | −0.01 |
| MAA Mid-America Apartment Comm | Reduce -25.7% | 0.02% | −0.01 |
| LH Laboratory CRP of Amer Hldgs | Reduce -29.1% | 0.02% | −0.01 |
| ZS Zscaler Inc. | Reduce -0.5% | 0.04% | −0.01 |
| DLR Digital Realty Trust Inc. | Reduce -22.2% | 0.03% | −0.01 |
| HSY The Hershey Co. | Reduce -0.8% | 0.13% | −0.01 |
| BSY Bentley Systems Inc. Class B | Reduce -18.0% | 0.03% | −0.01 |
| NXPI NXP Semiconductors NV | Reduce -6.9% | 0.09% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -6.0% | 0.09% | −0.01 |
| WSO Watsco Inc. | Reduce -19.1% | 0.03% | −0.01 |
| SNPS Synopsys Inc. | Reduce -3.3% | 0.20% | −0.01 |
| DHI D.R. Horton Inc. | Reduce -2.9% | 0.14% | −0.01 |
| DRI Darden Restaurants Inc. | Reduce -8.8% | 0.05% | −0.01 |
| HBAN Huntington Bancshares Inc. | Reduce -13.8% | 0.05% | −0.01 |
| GGG Graco Inc. | Reduce -13.2% | 0.05% | −0.01 |
| TFX Teleflex Inc. | Reduce -14.2% | 0.02% | −0.01 |
| FNF Fidelity National Financial | Reduce -2.1% | 0.09% | −0.01 |
| COO The Cooper Cos Inc. | Reduce -12.1% | 0.04% | −0.01 |
| OC Owens Corning | Reduce -18.9% | 0.04% | −0.01 |
| ELS Equity Lifestyle Properties | Reduce -1.9% | 0.03% | −0.01 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.01 |
| SNA Snap-on Inc. | Reduce -3.9% | 0.06% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +2.5% | 4.61% | +1.82 |
| META Meta Platforms Inc. Class A | Add +2.5% | 2.33% | +0.46 |
| LLY Eli Lilly & Co. | Add +1.6% | 1.48% | +0.25 |
| AMZN Amazon.com Inc. | Add +4.0% | 2.94% | +0.24 |
| CEG Constellation Energy | Add +18.9% | 0.48% | +0.19 |
| UBER Uber Technologies Inc. | Add +47.9% | 0.30% | +0.12 |
| IEMG iShares Core MSCI Emerging | New | 0.11% | +0.11 |
| MSFT Microsoft Corp. | Add +3.0% | 5.61% | +0.10 |
| ECL Ecolab Inc. | Add +117.6% | 0.19% | +0.10 |
| MRK Merck & Co. Inc. | Add +3.2% | 1.04% | +0.10 |
| AVGO Broadcom Inc. | Add +2.4% | 1.26% | +0.09 |
| IFF Intl Flavors & Fragrances | Add +201.6% | 0.13% | +0.08 |
| SHW The Sherwin-Williams Co. | Add +56.3% | 0.22% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +4.0% | 0.99% | +0.08 |
| DIS The Walt Disney Co. | Add +2.2% | 0.41% | +0.07 |
| GE General Electric | Add +2.9% | 0.34% | +0.07 |
| ABBV Abbvie Inc. | Add +3.6% | 0.94% | +0.07 |
| AVY Avery Dennison Corp. | Add +88.7% | 0.13% | +0.06 |
| AMD Advanced Micro Devices | Add +4.0% | 0.50% | +0.06 |
| WSM Williams-Sonoma Inc. | New | 0.06% | +0.06 |
| NFLX Netflix Inc. | Add +2.7% | 0.46% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.6% | 0.93% | +0.05 |
| VMC Vulcan Materials Co. | Add +78.8% | 0.11% | +0.05 |
| PGR Progressive Corp. | Add +3.5% | 0.32% | +0.05 |
| ON On Semiconductor | Add +2303.1% | 0.05% | +0.05 |
| ORCL Oracle Corp. | Add +4.4% | 0.41% | +0.04 |
| COIN Coinbase Global Inc. Class A | Add +12.3% | 0.11% | +0.04 |
| APP AppLovin Corp. Class A | New | 0.03% | +0.03 |
| SE Sea Ltd.-ADR | Add +252.5% | 0.04% | +0.03 |
| IBM Intl Business Machines Corp. | Add +2.3% | 0.59% | +0.03 |
| ETN Eaton Corp. PLC | Add +2.0% | 0.21% | +0.03 |
| VRT Vertiv Holdings Co. Class A | Add +10.7% | 0.07% | +0.03 |
| DELL Dell Technologies -C | Add +5.9% | 0.09% | +0.03 |
| DOW Dow Inc. | Add +27.9% | 0.16% | +0.03 |
| MA Mastercard Inc. Class A | Add +2.9% | 0.96% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +4.2% | 0.19% | +0.03 |
| WMT Walmart Inc. | Add +3.1% | 0.58% | +0.02 |
| WFC Wells Fargo & Co. | Add +2.9% | 0.36% | +0.02 |
| WM Waste Management Inc. | Add +4.9% | 0.24% | +0.02 |
| EMR Emerson Electric Co. | Add +8.3% | 0.22% | +0.02 |
| TGT Target Corp. | Add +1.0% | 0.22% | +0.02 |
| DASH DoorDash Inc. Class A | Add +5.8% | 0.09% | +0.02 |
| GEHC GE Healthcare Technology | Add +20.9% | 0.10% | +0.02 |
| PG The Procter & Gamble Co. | Add +4.0% | 1.19% | +0.02 |
| AFG American Financial Group Inc. | Add +25.7% | 0.09% | +0.02 |
| AZO AutoZone Inc. | Add +4.1% | 0.18% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +3.4% | 0.10% | +0.02 |
| GM General Motors Co. | Add +6.2% | 0.12% | +0.02 |
| CRM Salesforce Inc. | Add +2.6% | 0.51% | +0.02 |
| BSX Boston Scientific Corp. | Add +5.0% | 0.20% | +0.02 |
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 |