Forsta Ap-Fonden
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Forsta Ap-Fonden reported 551 stock positions worth $16.8 billion. Its top holding was Nvidia (NVDA) at 7.5% of the portfolio, followed by Apple (AAPL, 6.5%) and Microsoft (MSFT, 5.5%). Compared with Q3 2025, it opened 18 new positions, sold out of 18, added to 176 and reduced 351. The biggest buy was Micron Technology (MU, shares +26%) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0001603328
- Portfolio Value
- $16.8B (Q4 2025)
- SEC Filing
- 0001603328-26-000001 ↗ filed Feb 10, 2026
Holdings Value
Holdings 551 stocks · $16.8B
| NVDA Nvidia Corp. | 7.47% | 6,718,300 | $1.3B | Reduce -2.0% |
| AAPL Apple Inc. | 6.53% | 4,030,000 | $1.1B | Reduce -2.6% |
| MSFT Microsoft Corp. | 5.51% | 1,910,900 | $924.1M | Reduce -1.6% |
| SPOT Spotify Technology SA | 5.10% | 1,474,412 | $856.2M | Add +1.3% |
| AMZN Amazon.com Inc. | 3.65% | 2,652,600 | $612.3M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 3.00% | 1,605,900 | $502.6M | Reduce -1.5% |
| AVGO Broadcom Inc. | 2.47% | 1,197,360 | $414.4M | Reduce -1.5% |
| GOOG Alphabet Inc. Class C | 2.46% | 1,316,400 | $413.1M | Reduce -3.9% |
| META Meta Platforms Inc. Class A | 2.35% | 596,760 | $393.9M | Reduce -2.0% |
| TSLA Tesla Inc. | 1.97% | 735,080 | $330.6M | Reduce -4.5% |
| LLY Eli Lilly & Co. | 1.48% | 230,571 | $247.8M | Reduce -1.2% |
| JPM JPMorgan Chase & Co. | 1.37% | 714,040 | $230.1M | Reduce -2.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.05% | 350,360 | $176.1M | Reduce -0.3% |
| V Visa Inc. Class A | 1.04% | 496,546 | $174.1M | Reduce -2.4% |
| MA Mastercard Inc. Class A | 0.86% | 252,923 | $144.4M | Reduce -1.3% |
| WMT Walmart Inc. | 0.82% | 1,233,300 | $137.4M | Add +7.2% |
| JNJ Johnson & Johnson | 0.73% | 594,938 | $123.1M | Reduce -1.6% |
| NFLX Netflix Inc. | 0.71% | 1,263,310 | $118.4M | Reduce -0.9% |
| PLTR Palantir Technologies Inc. Class A | 0.65% | 616,500 | $109.6M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.62% | 121,100 | $104.4M | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.61% | 447,362 | $102.2M | Add +2.5% |
| HD Home Depot Inc. | 0.57% | 279,020 | $96.0M | Add +10.5% |
| ORCL Oracle Corp. | 0.55% | 476,660 | $92.9M | Add +10.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 1,687,100 | $92.8M | Reduce -3.9% |
| GE General Electric filed as GE AEROSPACE | 0.54% | 294,685 | $90.8M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.54% | 631,700 | $90.5M | Add +8.8% |
| GS Goldman Sachs Group Inc. | 0.52% | 99,800 | $87.7M | Add +3.6% |
| MU Micron Technology Inc. | 0.51% | 301,200 | $86.0M | Add +25.7% |
| AMD Advanced Micro Devices | 0.51% | 398,461 | $85.3M | Add +3.7% |
| MRK Merck & Co. Inc. | 0.50% | 792,700 | $83.4M | Reduce -4.7% |
| CRM Salesforce Inc. | 0.49% | 307,247 | $81.4M | Reduce -1.3% |
| LRCX Lam Research Corp. | 0.43% | 424,900 | $72.7M | Reduce -8.4% |
| UNH Unitedhealth Group Inc. | 0.43% | 218,460 | $72.1M | Add +0.4% |
| CSCO Cisco Systems Inc. | 0.43% | 926,400 | $71.4M | Reduce -7.0% |
| ABT Abbott Laboratories | 0.42% | 557,100 | $69.8M | Reduce -1.1% |
| WFC Wells Fargo & Co. | 0.41% | 741,100 | $69.1M | Reduce -2.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.40% | 591,600 | $67.3M | Add +25.5% |
| KO The Coca-Cola Co. | 0.40% | 961,500 | $67.2M | Reduce -2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.39% | 220,400 | $65.3M | Add +0.3% |
| AXP American Express Co. | 0.37% | 169,580 | $62.7M | Add +0.9% |
| INTU Intuit Inc. | 0.37% | 93,720 | $62.1M | Reduce -1.1% |
| BKNG Booking Holdings Inc. | 0.35% | 10,830 | $58.0M | Add +14.0% |
| APP AppLovin Corp. Class A | 0.33% | 83,040 | $56.0M | Add +0.4% |
| PEP Pepsico Inc. | 0.33% | 388,100 | $55.7M | Add +14.7% |
| GEV GE Vernova Inc. | 0.32% | 83,251 | $54.4M | Reduce -12.7% |
| AMAT Applied Materials Inc. | 0.32% | 209,800 | $53.9M | Reduce -2.4% |
| KLAC KLA Corp. | 0.32% | 43,920 | $53.4M | Reduce -1.5% |
| RY Royal Bank of Canada | 0.32% | 312,200 | $53.3M | Reduce -0.9% |
| UBER Uber Technologies Inc. | 0.32% | 650,300 | $53.1M | Add +11.7% |
| ANET Arista Networks Inc. | 0.30% | 379,700 | $49.8M | Add +16.7% |
| LOW Lowe's Cos Inc. | 0.29% | 202,600 | $48.9M | Add +5.3% |
| VZ Verizon Communications Inc. | 0.29% | 1,194,750 | $48.7M | Reduce -19.8% |
| MCD McDonald's Corp. | 0.29% | 158,780 | $48.5M | Reduce -13.3% |
| ISRG Intuitive Surgical Inc. | 0.29% | 85,680 | $48.5M | Reduce -6.8% |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 82,610 | $47.9M | Add +3.8% |
| PGR Progressive Corp. | 0.28% | 210,000 | $47.8M | Add +1.9% |
| C Citigroup Inc. | 0.28% | 406,100 | $47.4M | Add +2.0% |
| BLK BlackRock Inc. | 0.27% | 42,630 | $45.6M | Add +19.8% |
| WELL Welltower Inc. | 0.27% | 242,600 | $45.0M | Add +6.0% |
| MS Morgan Stanley | 0.27% | 252,763 | $44.9M | Reduce -2.6% |
| ACN Accenture PLC Class A | 0.26% | 163,029 | $43.7M | Reduce -11.0% |
| SPGI S&P Global Inc. | 0.26% | 83,625 | $43.7M | Reduce -0.8% |
| SHOP Shopify Inc. Class A | 0.26% | 269,100 | $43.4M | Reduce -4.7% |
| LIN Linde PLC | 0.26% | 100,440 | $42.8M | Reduce -6.7% |
| APH Amphenol Corp. Class A | 0.25% | 316,500 | $42.8M | Add +1.1% |
| SCHW Schwab (charles) Corp. | 0.25% | 413,901 | $41.4M | Reduce -11.2% |
| CEG Constellation Energy | 0.25% | 116,780 | $41.3M | Reduce -3.5% |
| MCK McKesson Corp. | 0.24% | 48,447 | $39.7M | Add +23.4% |
| NOW ServiceNow Inc. | 0.24% | 257,600 | $39.5M | Reduce -0.2% |
| ADBE Adobe Inc. | 0.23% | 111,740 | $39.1M | Reduce -10.3% |
| QCOM Qualcomm Inc. | 0.23% | 224,100 | $38.3M | Reduce -39.1% |
| T AT&T Inc. | 0.23% | 1,542,100 | $38.3M | Reduce -6.8% |
| TMUS T-Mobile US Inc. | 0.23% | 187,600 | $38.1M | Add +9.0% |
| AMGN Amgen Inc. | 0.22% | 113,340 | $37.1M | Reduce -2.3% |
| SO The Southern Co. | 0.22% | 415,300 | $36.2M | Add +24.1% |
| MELI MercadoLibre Inc. | 0.21% | 17,900 | $36.1M | Add +2.3% |
| ADP Automatic Data Processing | 0.21% | 139,500 | $35.9M | Reduce -6.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.21% | 233,300 | $35.8M | Reduce -26.7% |
| BSX Boston Scientific Corp. | 0.21% | 375,200 | $35.8M | Add +2.5% |
| TD Toronto-Dominion Bank | 0.21% | 376,900 | $35.6M | Reduce -0.1% |
| INTC Intel Corp. | 0.21% | 954,246 | $35.2M | Add +1.8% |
| TT Trane Technologies PLC | 0.21% | 90,260 | $35.1M | Reduce -1.1% |
| ETN Eaton Corp. PLC | 0.21% | 110,000 | $35.0M | Reduce -2.0% |
| MCO Moody's Corp. | 0.21% | 67,660 | $34.6M | Add +7.9% |
| NEE Nextera Energy Inc. | 0.21% | 429,400 | $34.5M | Reduce -3.4% |
| MMM 3M Co. | 0.20% | 213,154 | $34.1M | Reduce -2.6% |
| TXN Texas Instruments Inc. | 0.20% | 195,600 | $33.9M | Reduce -1.4% |
| HWM Howmet Aerospace Inc. | 0.20% | 164,900 | $33.8M | Reduce -1.6% |
| ELV Elevance Health Inc. | 0.20% | 95,220 | $33.4M | Add +8.6% |
| CMI Cummins Inc. | 0.20% | 65,180 | $33.3M | Reduce -1.1% |
| HOOD Robinhood Markets Inc. Class A | 0.19% | 286,600 | $32.4M | Reduce -4.0% |
| GILD Gilead Sciences Inc. | 0.19% | 262,000 | $32.2M | Reduce -2.4% |
| PH Parker Hannifin Corp. | 0.19% | 36,580 | $32.2M | Add +8.2% |
| COF Capital One Financial Corp. | 0.19% | 132,394 | $32.1M | Reduce -2.7% |
| SYK Stryker Corp. | 0.19% | 90,393 | $31.8M | Add +0.9% |
| AMT American Tower Corp. | 0.19% | 180,700 | $31.7M | Reduce -4.3% |
| SHW The Sherwin-Williams Co. | 0.19% | 97,380 | $31.6M | Add +4.9% |
| PFE Pfizer Inc. | 0.19% | 1,249,000 | $31.1M | Reduce -9.5% |
| DHR Danaher Corp. | 0.18% | 134,522 | $30.8M | Reduce -2.8% |
| ECL Ecolab Inc. | 0.18% | 116,440 | $30.6M | Add +2.3% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -1.6% | 5.51% | −0.46 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.39 |
| META Meta Platforms Inc. Class A | Reduce -2.0% | 2.35% | −0.30 |
| NFLX Netflix Inc. | Reduce -0.9% | 0.71% | −0.20 |
| QCOM Qualcomm Inc. | Reduce -39.1% | 0.23% | −0.13 |
| NVDA Nvidia Corp. | Reduce -2.0% | 7.47% | −0.12 |
| VZ Verizon Communications Inc. | Reduce -19.8% | 0.29% | −0.10 |
| TEL Te Connectivity PLC | Reduce -55.6% | 0.08% | −0.10 |
| AEP American Electric Power | Reduce -56.6% | 0.07% | −0.09 |
| FLUT Flutter Entertainment PLC-Di | Reduce -58.3% | 0.05% | −0.08 |
| FIS Fidelity National Info Serv | Reduce -65.1% | 0.04% | −0.08 |
| ICE Intercontinental Exchange Inc. | Reduce -33.7% | 0.12% | −0.07 |
| TSLA Tesla Inc. | Reduce -4.5% | 1.97% | −0.06 |
| HOOD Robinhood Markets Inc. Class A | Reduce -4.0% | 0.19% | −0.06 |
| TJX TJX Companies Inc. | Reduce -26.7% | 0.21% | −0.06 |
| FISV Fiserv Inc. | Reduce -11.6% | 0.05% | −0.06 |
| MSTR Strategy Inc. | Reduce -0.8% | 0.05% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -24.8% | 0.14% | −0.05 |
| MFC Manulife Financial Corp. | Reduce -47.0% | 0.09% | −0.05 |
| HCA HCA Healthcare Inc. | Reduce -42.2% | 0.09% | −0.05 |
| CRH CRH PLC | Reduce -27.3% | 0.16% | −0.05 |
| EA Electronic Arts Inc. | Reduce -39.6% | 0.08% | −0.05 |
| MDT Medtronic PLC | Reduce -25.0% | 0.16% | −0.05 |
| T AT&T Inc. | Reduce -6.8% | 0.23% | −0.05 |
| LIN Linde PLC | Reduce -6.7% | 0.26% | −0.05 |
| NOW ServiceNow Inc. | Reduce -0.2% | 0.24% | −0.05 |
| CTAS Cintas Corp. | Reduce -25.3% | 0.10% | −0.05 |
| ADP Automatic Data Processing | Reduce -6.1% | 0.21% | −0.04 |
| PHM Pultegroup Inc. | Reduce -58.2% | 0.03% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -0.3% | 0.62% | −0.04 |
| CCK Crown Holdings Inc. | Sold out | 0.00% | −0.04 |
| AJG Arthur J Gallagher & Co. | Reduce -21.8% | 0.08% | −0.04 |
| LULU Lululemon Athletica Inc. | Reduce -66.1% | 0.03% | −0.04 |
| MCD McDonald's Corp. | Reduce -13.3% | 0.29% | −0.04 |
| CSL Carlisle Cos Inc. | Reduce -70.7% | 0.02% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -2.0% | 0.21% | −0.04 |
| OTIS Otis Worldwide Corp. | Reduce -47.6% | 0.04% | −0.04 |
| GIB Cgi Inc. | Reduce -69.1% | 0.02% | −0.04 |
| WAB Wabtec Corp. | Reduce -41.0% | 0.06% | −0.04 |
| GPN Global Payments Inc. | Reduce -63.3% | 0.02% | −0.04 |
| BX Blackstone Inc. | Reduce -10.9% | 0.15% | −0.04 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.03 |
| K Kellanova | Sold out | 0.00% | −0.03 |
| DUK Duke Energy Corp. | Reduce -18.3% | 0.12% | −0.03 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.03 |
| VEEV Veeva Systems Inc. Class A | Reduce -22.4% | 0.05% | −0.03 |
| ABT Abbott Laboratories | Reduce -1.1% | 0.42% | −0.03 |
| IFF Intl Flavors & Fragrances | Reduce -63.9% | 0.02% | −0.03 |
| SLF Sun Life Financial Inc. | Reduce -25.1% | 0.11% | −0.03 |
| EXC Exelon Corp. | Reduce -17.9% | 0.12% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| MU Micron Technology Inc. | Add +25.7% | 0.51% | +0.27 |
| AMD Advanced Micro Devices | Add +3.7% | 0.51% | +0.14 |
| WMT Walmart Inc. | Add +7.2% | 0.82% | +0.12 |
| DIS The Walt Disney Co. | Add +25.5% | 0.40% | +0.08 |
| AFL Aflac Inc. | Add +104.2% | 0.15% | +0.07 |
| KR Kroger Co. | Add +150.5% | 0.12% | +0.07 |
| AEM Agnico Eagle Mines Ltd. | Add +62.6% | 0.18% | +0.07 |
| GS Goldman Sachs Group Inc. | Add +3.6% | 0.52% | +0.07 |
| SYY Sysco Corp. | Add +154.3% | 0.12% | +0.06 |
| CBRE CBRE Group Inc. Class A | Add +102.8% | 0.12% | +0.06 |
| CCL Carnival Corp. | Add +92.9% | 0.12% | +0.06 |
| DXCM Dexcom Inc. | Add +157.6% | 0.10% | +0.06 |
| CIEN Ciena Corp. | New | 0.06% | +0.06 |
| MCK McKesson Corp. | Add +23.4% | 0.24% | +0.06 |
| TMO Thermo Fisher Scientific Inc. | Add +3.8% | 0.29% | +0.06 |
| ES Eversource Energy | Add +118.5% | 0.10% | +0.05 |
| PEP Pepsico Inc. | Add +14.7% | 0.33% | +0.05 |
| TRV The Travelers Cos Inc. | Add +50.3% | 0.14% | +0.05 |
| EIX Edison International | Add +84.9% | 0.10% | +0.05 |
| INSM Insmed Inc. | New | 0.05% | +0.05 |
| FLEX Flex Ltd. | New | 0.05% | +0.05 |
| FIX Comfort Systems USA Inc. | New | 0.04% | +0.04 |
| EXPD Expeditors Intl Wash Inc. | Add +81.4% | 0.08% | +0.04 |
| ALAB Astera Labs Inc. | New | 0.04% | +0.04 |
| AXP American Express Co. | Add +0.9% | 0.37% | +0.04 |
| C Citigroup Inc. | Add +2.0% | 0.28% | +0.04 |
| CRDO Credo Technology Group Holdi | New | 0.04% | +0.04 |
| BKNG Booking Holdings Inc. | Add +14.0% | 0.35% | +0.04 |
| MTD Mettler-Toledo International | Add +85.2% | 0.08% | +0.04 |
| PH Parker Hannifin Corp. | Add +8.2% | 0.19% | +0.04 |
| NET Cloudflare Inc. Class A | Add +58.4% | 0.12% | +0.04 |
| DRI Darden Restaurants Inc. | Add +100.3% | 0.08% | +0.04 |
| DLTR Dollar Tree Inc. | Add +33.3% | 0.09% | +0.04 |
| RJF Raymond James Financial Inc. | Add +71.3% | 0.10% | +0.04 |
| FERG Ferguson Enterprises Inc. | Add +63.8% | 0.10% | +0.04 |
| DTE DTE Energy Company | Add +81.5% | 0.09% | +0.04 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +66.4% | 0.11% | +0.03 |
| GWW WW Grainger Inc. | Add +26.7% | 0.13% | +0.03 |
| EMA Emera Inc. | New | 0.03% | +0.03 |
| HUM Humana Inc. | Add +84.7% | 0.07% | +0.03 |
| IONQ Ionq Inc. | New | 0.03% | +0.03 |
| FTNT Fortinet Inc. | Add +34.3% | 0.15% | +0.03 |
| ELV Elevance Health Inc. | Add +8.6% | 0.20% | +0.03 |
| HSY The Hershey Co. | Add +93.0% | 0.07% | +0.03 |
| AXON Axon Enterprise Inc. | Add +81.7% | 0.10% | +0.03 |
| Z Zillow Group Inc. Class C | Add +212.7% | 0.05% | +0.03 |
| MCO Moody's Corp. | Add +7.9% | 0.21% | +0.03 |
| SO The Southern Co. | Add +24.1% | 0.22% | +0.03 |
| WELL Welltower Inc. | Add +6.0% | 0.27% | +0.03 |
| LYV Live Nation Entertainment Inc. | Add +104.7% | 0.06% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1 | $1 | ACM |
| Q1 2026 | 0 | $0 | |
| Q4 2025 | 551 | $16.8B | NVDA, AAPL, MSFT, SPOT, AMZN |
| Q3 2025 | 550 | $16.9B | NVDA, AAPL, SPOT, MSFT, AMZN |
| Q2 2025 | 557 | $15.2B | SPOT, NVDA, MSFT, AAPL, AMZN |
| Q1 2025 | 562 | $13.2B | AAPL, SPOT, NVDA, MSFT, AMZN |
| Q4 2024 | 566 | $14.1B | AAPL, NVDA, MSFT, SPOT, AMZN |
| Q3 2024 | 559 | $13.0B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 573 | $11.3B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2024 | 575 | $11.8B | MSFT, AAPL, NVDA, AMZN, META |