S-Bank Fund Management Ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 27, 2025), S-Bank Fund Management Ltd reported 207 stock positions worth $753.5 million. Its top holding was Nvidia (NVDA) at 9.0% of the portfolio, followed by Microsoft (MSFT, 7.9%) and Apple (AAPL, 5.9%). Compared with Q2 2025, it sold out of 2, added to 22 and reduced 165. The biggest buy was Apple (AAPL, shares +30%) and the biggest sale Microsoft (MSFT, shares −2%).

Most Recent 13F
Q2 2026
Location
HELSINKI, H9
CIK
0002036461
Portfolio Value
$753.5M (Q3 2025)
SEC Filing
0002036461-25-000004 ↗ filed Oct 27, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2025: $531.0M Q1 2025 Q2 2025: $677.5M Q2 2025 Q3 2025: $753.5M $753.5M Q3 2025 Q4 2025: $771.4M Q4 2025 Q1 2026: $671.2M Q1 2026 Q2 2026: $735.9M Q2 2026

Holdings 207 stocks · $753.5M
NVDA Nvidia Corp. 8.97% 362,324 $67.6M Reduce -0.6%
MSFT Microsoft Corp. 7.95% 115,655 $59.9M Reduce -2.3%
AAPL Apple Inc. 5.89% 174,394 $44.4M Add +30.4%
AMZN Amazon.com Inc. 4.18% 143,489 $31.5M Add +0.9%
AVGO Broadcom Inc. 2.98% 68,156 $22.5M Reduce -4.2%
LLY Eli Lilly & Co. 2.81% 27,778 $21.2M Add +39.4%
GOOGL Alphabet Inc. Class A 2.69% 83,289 $20.2M Add +10.1%
TSLA Tesla Inc. 2.58% 43,718 $19.4M Reduce -1.1%
META Meta Platforms Inc. Class A 2.53% 26,000 $19.1M Add +30.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.08% 303,790 $15.7M Add +7.0%
V Visa Inc. Class A 2.05% 45,310 $15.5M Reduce -0.7%
MU Micron Technology Inc. 1.67% 75,000 $12.5M Add +5.9%
WFC Wells Fargo & Co. 1.58% 141,847 $11.9M Add +26.6%
GOOG Alphabet Inc. Class C 1.44% 44,546 $10.8M Reduce -1.3%
TMO Thermo Fisher Scientific Inc. 1.33% 20,711 $10.0M Reduce -12.8%
NFLX Netflix Inc. 1.26% 7,907 $9.5M Add +17.1%
MRVL Marvell Technology Inc. 1.25% 111,781 $9.4M Add +23.3%
JPM JPMorgan Chase & Co. 1.19% 28,398 $9.0M Reduce -5.2%
PLD Prologis Inc. 1.18% 77,631 $8.9M Reduce -0.3%
DHR Danaher Corp. 1.10% 41,750 $8.3M Add +44.8%
MA Mastercard Inc. Class A 1.07% 14,188 $8.1M Reduce -1.3%
INTU Intuit Inc. 1.04% 11,460 $7.8M Add +34.7%
BDX Becton Dickinson and Co. 0.94% 37,657 $7.0M Add +27.0%
ULTA Ulta Beauty Inc. 0.91% 12,493 $6.8M Reduce -0.1%
ALL Allstate Corp. 0.89% 31,233 $6.7M No change
TRMB Trimble Inc. 0.89% 81,983 $6.7M Add +13.8%
JNJ Johnson & Johnson 0.89% 36,057 $6.7M Reduce -10.5%
MCD McDonald's Corp. 0.89% 21,985 $6.7M Reduce -0.7%
TMUS T-Mobile US Inc. 0.89% 27,888 $6.7M Reduce -0.0%
DLR Digital Realty Trust Inc. 0.89% 38,585 $6.7M Reduce -1.3%
NEE Nextera Energy Inc. 0.87% 87,000 $6.6M Reduce -3.3%
SNPS Synopsys Inc. 0.86% 13,162 $6.5M Add +9.7%
EQIX Equinix Inc. 0.82% 7,910 $6.2M Reduce -1.3%
GEV GE Vernova Inc. 0.82% 10,000 $6.1M Add +11.1%
SHW The Sherwin-Williams Co. 0.81% 17,584 $6.1M Reduce -1.3%
CSCO Cisco Systems Inc. 0.76% 84,178 $5.8M Reduce -0.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.76% 20,398 $5.8M Reduce -1.3%
ACN Accenture PLC Class A 0.74% 22,608 $5.6M Reduce -4.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.72% 47,555 $5.4M Add +11.8%
ROK Rockwell Automation Inc. 0.69% 14,882 $5.2M Add +36.0%
XYL Xylem Inc. 0.68% 34,526 $5.1M Reduce -1.3%
AMAT Applied Materials Inc. 0.65% 24,000 $4.9M Add +20.0%
UNH Unitedhealth Group Inc. 0.65% 14,077 $4.9M Add +38.8%
CRM Salesforce Inc. 0.64% 20,271 $4.8M Reduce -0.5%
ABT Abbott Laboratories 0.61% 34,565 $4.6M No change
ORCL Oracle Corp. 0.61% 16,444 $4.6M Reduce -1.3%
ROST Ross Stores Inc. 0.61% 30,085 $4.6M No change
ECL Ecolab Inc. 0.59% 16,306 $4.5M No change
KR Kroger Co. 0.54% 60,000 $4.0M No change
FSLR First Solar Inc. 0.52% 17,633 $3.9M Reduce -0.9%
HDB HDFC Bank Ltd.-ADR 0.49% 107,850 $3.7M No change
XOM Exxon Mobil Corp. 0.48% 32,000 $3.6M No change
PG The Procter & Gamble Co. 0.47% 23,000 $3.5M No change
HD Home Depot Inc. 0.45% 8,435 $3.4M Reduce -1.3%
QCOM Qualcomm Inc. 0.45% 20,468 $3.4M No change
GLOB Globant SA 0.45% 59,000 $3.4M No change
AWK American Water Works Co. Inc. 0.44% 24,022 $3.3M Reduce -1.3%
MRK Merck & Co. Inc. 0.44% 39,330 $3.3M Reduce -49.3%
EMR Emerson Electric Co. 0.44% 25,000 $3.3M No change
AMD Advanced Micro Devices 0.43% 20,080 $3.2M Reduce -1.3%
NOW ServiceNow Inc. 0.41% 3,366 $3.1M Reduce -1.3%
ABBV Abbvie Inc. 0.39% 12,700 $2.9M Reduce -1.3%
LIN Linde PLC 0.38% 6,000 $2.9M No change
EIX Edison International 0.36% 49,631 $2.7M Reduce -1.3%
EOG EOG Resources Inc. 0.36% 24,000 $2.7M No change
AXON Axon Enterprise Inc. 0.33% 3,476 $2.5M Reduce -1.3%
CCI Crown Castle Inc. 0.32% 24,950 $2.4M No change
KO The Coca-Cola Co. 0.32% 36,000 $2.4M No change
MMYT Makemytrip Ltd. 0.31% 25,000 $2.3M Add +31.6%
MCO Moody's Corp. 0.30% 4,727 $2.3M Reduce -1.3%
SPGI S&P Global Inc. 0.30% 4,580 $2.2M Reduce -1.3%
ADI Analog Devices Inc. 0.29% 8,945 $2.2M Reduce -1.3%
TXN Texas Instruments Inc. 0.29% 11,907 $2.2M Reduce -1.3%
LULU Lululemon Athletica Inc. 0.29% 12,162 $2.2M Reduce -13.0%
ZTS Zoetis Inc. 0.28% 14,295 $2.1M Reduce -1.3%
AME Ametek Inc. 0.26% 10,616 $2.0M Reduce -1.3%
GRAB Grab Holdings Ltd. Class A 0.26% 320,000 $1.9M No change
MSI Motorola Solutions Inc. 0.24% 3,876 $1.8M Reduce -1.3%
AFL Aflac Inc. 0.23% 15,416 $1.7M Reduce -1.3%
BXP BXP Inc. 0.22% 21,874 $1.6M Reduce -1.3%
SCHW Schwab (charles) Corp. 0.20% 16,058 $1.5M Reduce -1.3%
RPRX Royalty Pharma PLC Class A 0.20% 42,949 $1.5M Reduce -1.3%
DOC Healthpeak Properties Inc. 0.20% 79,082 $1.5M Reduce -1.3%
ADBE Adobe Inc. 0.20% 4,182 $1.5M Reduce -1.3%
ESS Essex Property Trust Inc. 0.19% 5,468 $1.5M Reduce -1.3%
MRSH Marsh & McLennan Cos 0.19% 7,202 $1.5M Reduce -1.3%
CB Chubb Ltd. 0.19% 5,114 $1.4M Reduce -1.3%
RIVN Rivian Automotive Inc. Class A 0.19% 97,870 $1.4M Reduce -1.3%
KLAC KLA Corp. 0.19% 1,321 $1.4M Reduce -1.3%
AXP American Express Co. 0.18% 4,183 $1.4M Reduce -1.3%
AVB Avalonbay Communities Inc. 0.16% 6,208 $1.2M Reduce -1.3%
UNP Union Pacific Corp. 0.16% 5,000 $1.2M No change
MTD Mettler-Toledo International 0.15% 927 $1.1M Reduce -1.3%
BBD Banco Bradesco-ADR 0.15% 330,000 $1.1M No change
CME Cme Group Inc. 0.15% 4,124 $1.1M Reduce -1.3%
BMY Bristol-Myers Squibb Co. 0.14% 23,751 $1.1M Reduce -1.3%
ADSK Autodesk Inc. 0.14% 3,349 $1.1M Reduce -1.3%
PGR Progressive Corp. 0.14% 4,266 $1.1M Reduce -1.3%
FAST Fastenal Co. 0.14% 21,334 $1.0M Reduce -1.3%
AMGN Amgen Inc. 0.13% 3,595 $1.0M Reduce -1.3%

Show all 207 holdings

Portfolio Sells Q2 2025 → Q3 2025
MSFT Microsoft Corp. Reduce -2.3% 7.95% −0.75
MRK Merck & Co. Inc. Reduce -49.3% 0.44% −0.47
V Visa Inc. Class A Reduce -0.7% 2.05% −0.34
ACN Accenture PLC Class A Reduce -4.6% 0.74% −0.31
LULU Lululemon Athletica Inc. Reduce -13.0% 0.29% −0.20
CRM Salesforce Inc. Reduce -0.5% 0.64% −0.18
CSGP Costar Group Inc. Sold out 0.00% −0.16
IBM Intl Business Machines Corp. Reduce -1.3% 0.76% −0.14
MA Mastercard Inc. Class A Reduce -1.3% 1.07% −0.12
DLR Digital Realty Trust Inc. Reduce -1.3% 0.89% −0.12
EQIX Equinix Inc. Reduce -1.3% 0.82% −0.12
NOW ServiceNow Inc. Reduce -1.3% 0.41% −0.11
CSCO Cisco Systems Inc. Reduce -0.4% 0.76% −0.10
AXON Axon Enterprise Inc. Reduce -1.3% 0.33% −0.10
TMUS T-Mobile US Inc. Reduce -0.0% 0.89% −0.10
SHW The Sherwin-Williams Co. Reduce -1.3% 0.81% −0.09
JPM JPMorgan Chase & Co. Reduce -5.2% 1.19% −0.09
TMO Thermo Fisher Scientific Inc. Reduce -12.8% 1.33% −0.09
TXN Texas Instruments Inc. Reduce -1.3% 0.29% −0.08
MCD McDonald's Corp. Reduce -0.7% 0.89% −0.07
SPGI S&P Global Inc. Reduce -1.3% 0.30% −0.07
AWK American Water Works Co. Inc. Reduce -1.3% 0.44% −0.06
ZTS Zoetis Inc. Reduce -1.3% 0.28% −0.06
MCO Moody's Corp. Reduce -1.3% 0.30% −0.06
NEE Nextera Energy Inc. Reduce -3.3% 0.87% −0.05
DAR Darling Ingredients Inc. Reduce -25.0% 0.06% −0.05
ISRG Intuitive Surgical Inc. Reduce -1.3% 0.13% −0.05
ADBE Adobe Inc. Reduce -1.3% 0.20% −0.05
MRSH Marsh & McLennan Cos Reduce -1.3% 0.19% −0.04
ESS Essex Property Trust Inc. Reduce -1.3% 0.19% −0.04
CMG Chipotle Mexican Grill Inc. Reduce -1.3% 0.05% −0.03
VRTX Vertex Pharmaceuticals Inc. Reduce -1.3% 0.11% −0.03
MELI MercadoLibre Inc. Reduce -1.5% 0.12% −0.03
BSX Boston Scientific Corp. Reduce -1.3% 0.13% −0.03
PGR Progressive Corp. Reduce -1.3% 0.14% −0.03
RPRX Royalty Pharma PLC Class A Reduce -1.3% 0.20% −0.03
CB Chubb Ltd. Reduce -1.3% 0.19% −0.03
AVB Avalonbay Communities Inc. Reduce -1.3% 0.16% −0.03
PLD Prologis Inc. Reduce -0.3% 1.18% −0.03
ANSS Ansys Inc. Sold out 0.00% −0.03
AMT American Tower Corp. Reduce -1.3% 0.09% −0.03
ICE Intercontinental Exchange Inc. Reduce -1.3% 0.12% −0.03
VRSK Verisk Analytics Inc. Reduce -1.3% 0.07% −0.03
ADI Analog Devices Inc. Reduce -1.3% 0.29% −0.03
SBUX Starbucks Corp. Reduce -1.3% 0.12% −0.03
BRO Brown & Brown Inc. Reduce -1.3% 0.07% −0.02
WAT Waters Corp. Reduce -1.3% 0.08% −0.02
CHD Church & Dwight Co. Inc. Reduce -1.3% 0.10% −0.02
ABNB Airbnb Inc. Class A Reduce -1.3% 0.10% −0.02
FDS Factset Research Systems Inc. Reduce -1.3% 0.03% −0.02

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +30.4% 5.89% +1.84
GOOGL Alphabet Inc. Class A Add +10.1% 2.69% +0.72
LLY Eli Lilly & Co. Add +39.4% 2.81% +0.52
MU Micron Technology Inc. Add +5.9% 1.67% +0.38
META Meta Platforms Inc. Class A Add +30.0% 2.53% +0.35
DHR Danaher Corp. Add +44.8% 1.10% +0.26
WFC Wells Fargo & Co. Add +26.6% 1.58% +0.25
MRVL Marvell Technology Inc. Add +23.3% 1.25% +0.21
BDX Becton Dickinson and Co. Add +27.0% 0.94% +0.18
UNH Unitedhealth Group Inc. Add +38.8% 0.65% +0.18
ROK Rockwell Automation Inc. Add +36.0% 0.69% +0.15
GEV GE Vernova Inc. Add +11.1% 0.82% +0.11
AMAT Applied Materials Inc. Add +20.0% 0.65% +0.11
BAC Bank of America Corp. Add +7.0% 2.08% +0.10
TRMB Trimble Inc. Add +13.8% 0.89% +0.08
INTU Intuit Inc. Add +34.7% 1.04% +0.05
MMYT Makemytrip Ltd. Add +31.6% 0.31% +0.04
CCEP Coca-Cola Europacific Partne Add +2.4% 0.05% −0.01
SNPS Synopsys Inc. Add +9.7% 0.86% −0.05
DIS The Walt Disney Co. Add +11.8% 0.72% −0.06
NFLX Netflix Inc. Add +17.1% 1.26% −0.08
AMZN Amazon.com Inc. Add +0.9% 4.18% −0.43

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 249$735.9MNVDA, AAPL, MSFT, GOOGL, AVGO
Q1 2026 178$671.2MNVDA, MSFT, AAPL, GOOGL, AMZN
Q4 2025 176$771.4MNVDA, MSFT, AAPL, META, LLY
Q3 2025 207$753.5MNVDA, MSFT, AAPL, AMZN, AVGO
Q2 2025 209$677.5MMSFT, NVDA, AMZN, AAPL, AVGO
Q1 2025 192$531.0MMSFT, NVDA, V, GOOGL, TSLA