Investor AB

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Investor AB reported 12 stock positions worth $5.2 billion. Its top holding was Nasdaq (NDAQ) at 99.6% of the portfolio, followed by Mediwound (MDWD, 0.3%) and Microchip Technology (MCHP, 0.0%). Compared with Q2 2025, it opened 3 new positions, sold out of 4 and added to 2. The biggest buy was Teradyne (TER, shares +80%) and the biggest sale an exit from Millicom Intl Cellular (TIGO).

Most Recent 13F
Q2 2026
Location
STOCKHOLM, V7
CIK
0000889232
Portfolio Value
$5.2B (Q3 2025)
SEC Filing
0001493152-25-023420 ↗ filed Nov 14, 2025

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $3.7B Q1 2024 Q2 2024: $3.5B Q2 2024 Q3 2024: $4.3B Q3 2024 Q4 2024: $4.5B Q4 2024 Q1 2025: $4.4B Q1 2025 Q2 2025: $5.2B Q2 2025 Q3 2025: $5.2B $5.2B Q3 2025 Q4 2025: $5.7B Q4 2025 Q1 2026: $15.1B Q1 2026 Q2 2026: $14.4B Q2 2026

Holdings 12 stocks · $5.2B
NDAQ Nasdaq Inc. 99.56% 58,182,426 $5.1B No change
MDWD Mediwound Ltd. 0.30% 872,093 $15.7M No change
MCHP Microchip Technology Inc. 0.03% 25,000 $1.6M No change
TER Teradyne Inc. 0.02% 9,000 $1.2M Add +80.0%
CHKP Check Point Software Tech 0.02% 5,000 $1.0M Add +66.7%
CLBT Cellebrite Di Ltd. 0.01% 40,000 $741K No change
CCL Carnival Corp. 0.01% 21,000 $607K No change
ORCL Oracle Corp. 0.01% 2,000 $562K New
KYIV Kyivstar Group Ltd. 0.01% 35,000 $438K New
WHR Whirlpool Corp. 0.01% 3,700 $291K No change
SSNC Ss&c Technologies Holdings 0.00% 2,500 $222K New
BMRN Biomarin Pharmaceutical Inc. 0.00% 3,700 $200K No change

Portfolio Sells Q2 2025 → Q3 2025
TIGO Millicom Intl Cellular S.A. Sold out 0.00% −0.01
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.01
COHR Coherent Corp. Sold out 0.00% −0.01
GTES Gates Industrial Corp. UK Ltd. Sold out 0.00% −0.01

Portfolio Buys Q2 2025 → Q3 2025
TER Teradyne Inc. Add +80.0% 0.02% +0.02
ORCL Oracle Corp. New 0.01% +0.01
KYIV Kyivstar Group Ltd. New 0.01% +0.01
CHKP Check Point Software Tech Add +66.7% 0.02% +0.01
SSNC Ss&c Technologies Holdings New 0.00% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 7$14.4BAZN, NDAQ, MDWD, CLBT, MU
Q1 2026 10$15.1BAZN, NDAQ, MDWD, CLBT, COHR
Q4 2025 12$5.7BNDAQ, MDWD, COF, COHR, CELLEBRITE DI LTD
Q3 2025 12$5.2BNDAQ, MDWD, MCHP, TER, CHKP
Q2 2025 13$5.2BNDAQ, MDWD, MCHP, TIGO, CDNS
Q1 2025 13$4.4BNDAQ, MDWD, TIGO, CDNS, MCHP
Q4 2024 8$4.5BNDAQ, MDWD, CHKP, CLBT, CCL
Q3 2024 7$4.3BNDAQ, MDWD, CHKP, ONTO, COHR
Q2 2024 6$3.5BNDAQ, ONTO, CHKP, CCL, COHR
Q1 2024 10$3.7BNDAQ, MU, AMAT, ONTO, CHKP