Investor AB
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Investor AB reported 13 stock positions worth $5.2 billion. Its top holding was Nasdaq (NDAQ) at 99.5% of the portfolio, followed by Mediwound (MDWD, 0.3%) and Microchip Technology (MCHP, 0.0%). Compared with Q1 2025, it opened 2 new positions, sold out of 2, added to 2 and reduced 4. The biggest buy was Microchip Technology (MCHP, shares +25%) and the biggest sale Millicom Intl Cellular (TIGO, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0000889232
- Portfolio Value
- $5.2B (Q2 2025)
- SEC Filing
- 0001641172-25-024037 ↗ filed Aug 14, 2025
Holdings Value
Holdings 13 stocks · $5.2B
| NDAQ Nasdaq Inc. | 99.54% | 58,182,426 | $5.2B | No change |
| MDWD Mediwound Ltd. | 0.32% | 872,093 | $16.9M | No change |
| MCHP Microchip Technology Inc. | 0.03% | 25,000 | $1.8M | Add +25.0% |
| TIGO Millicom Intl Cellular S.A. | 0.01% | 20,781 | $779K | Reduce -69.3% |
| CDNS Cadence Design SYS Inc. | 0.01% | 2,500 | $770K | Reduce -37.5% |
| CHKP Check Point Software Tech | 0.01% | 3,000 | $664K | Reduce -14.3% |
| CLBT Cellebrite Di Ltd. | 0.01% | 40,000 | $640K | Add +14.3% |
| CCL Carnival Corp. | 0.01% | 21,000 | $591K | No change |
| COHR Coherent Corp. | 0.01% | 6,000 | $535K | Reduce -14.3% |
| TER Teradyne Inc. | 0.01% | 5,000 | $450K | New |
| WHR Whirlpool Corp. | 0.01% | 3,700 | $375K | No change |
| GTES Gates Industrial Corp. UK Ltd. | 0.01% | 15,000 | $345K | New |
| BMRN Biomarin Pharmaceutical Inc. | 0.00% | 3,700 | $203K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| TIGO Millicom Intl Cellular S.A. | Reduce -69.3% | 0.01% | −0.03 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.01 |
| CDNS Cadence Design SYS Inc. | Reduce -37.5% | 0.01% | −0.01 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.01 |
| CHKP Check Point Software Tech | Reduce -14.3% | 0.01% | −0.01 |
| COHR Coherent Corp. | Reduce -14.3% | 0.01% | 0.00 |
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $14.4B | AZN, NDAQ, MDWD, CLBT, MU |
| Q1 2026 | 10 | $15.1B | AZN, NDAQ, MDWD, CLBT, COHR |
| Q4 2025 | 12 | $5.7B | NDAQ, MDWD, COF, COHR, CELLEBRITE DI LTD |
| Q3 2025 | 12 | $5.2B | NDAQ, MDWD, MCHP, TER, CHKP |
| Q2 2025 | 13 | $5.2B | NDAQ, MDWD, MCHP, TIGO, CDNS |
| Q1 2025 | 13 | $4.4B | NDAQ, MDWD, TIGO, CDNS, MCHP |
| Q4 2024 | 8 | $4.5B | NDAQ, MDWD, CHKP, CLBT, CCL |
| Q3 2024 | 7 | $4.3B | NDAQ, MDWD, CHKP, ONTO, COHR |
| Q2 2024 | 6 | $3.5B | NDAQ, ONTO, CHKP, CCL, COHR |
| Q1 2024 | 10 | $3.7B | NDAQ, MU, AMAT, ONTO, CHKP |