S-Bank Fund Management Ltd

Name: S-Bank Fund Management Ltd 13F holdings, Q4 2025
Creator: S-Bank Fund Management Ltd
Published: 2026-02-03

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), S-Bank Fund Management Ltd reported 176 stock positions worth $771.4 million. Its top holding was Nvidia (NVDA) at 8.1% of the portfolio, followed by Microsoft (MSFT, 7.0%) and Apple (AAPL, 5.9%). Compared with Q3 2025, it opened 3 new positions, sold out of 34, added to 37 and reduced 128. The biggest buy was Meta Platforms Class A (META, shares +112%) and the biggest sale Amazon.com (AMZN, shares −31%).

Most Recent 13F: Q2 2026
Location: HELSINKI, H9
CIK: 0002036461
Portfolio Value: $771.4M (Q4 2025)
SEC Filing: 0002036461-26-000001 ↗ filed Feb 3, 2026

Holdings Value

Holdings 176 stocks · $771.4M


NVDA Nvidia Corp.	8.11%	335,627	$62.6M	Reduce -7.4%
MSFT Microsoft Corp.	6.99%	111,411	$53.9M	Reduce -3.7%
AAPL Apple Inc.	5.88%	166,885	$45.4M	Reduce -4.3%
META Meta Platforms Inc. Class A	4.71%	55,000	$36.3M	Add +111.5%
LLY Eli Lilly & Co.	4.16%	29,855	$32.1M	Add +7.5%
AMZN Amazon.com Inc.	2.97%	99,222	$22.9M	Reduce -30.9%
GOOGL Alphabet Inc. Class A	2.90%	71,449	$22.4M	Reduce -14.2%
AVGO Broadcom Inc.	2.67%	59,557	$20.6M	Reduce -12.6%
TSLA Tesla Inc.	2.52%	43,257	$19.5M	Reduce -1.1%
NFLX Netflix Inc.	2.30%	188,850	$17.7M	Add +138.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP	2.17%	303,768	$16.7M	Reduce -0.0%
PLD Prologis Inc.	1.84%	111,475	$14.2M	Add +43.6%
WFC Wells Fargo & Co.	1.71%	141,541	$13.2M	Reduce -0.2%
TMO Thermo Fisher Scientific Inc.	1.58%	21,000	$12.2M	Add +1.4%
DHR Danaher Corp.	1.55%	52,330	$12.0M	Add +25.3%
CRM Salesforce Inc.	1.47%	42,913	$11.4M	Add +111.7%
MRVL Marvell Technology Inc.	1.46%	132,156	$11.2M	Add +18.2%
GOOG Alphabet Inc. Class C	1.39%	34,195	$10.7M	Reduce -23.2%
V Visa Inc. Class A	1.29%	28,293	$9.9M	Reduce -37.6%
COF Capital One Financial Corp.	1.26%	40,000	$9.7M	New
LIN Linde PLC	1.22%	22,000	$9.4M	Add +266.7%
MCD McDonald's Corp.	1.17%	29,644	$9.1M	Add +34.8%
AMAT Applied Materials Inc.	1.13%	34,000	$8.7M	Add +41.7%
ULTA Ulta Beauty Inc.	1.09%	13,900	$8.4M	Add +11.3%
BDX Becton Dickinson and Co.	1.08%	43,000	$8.3M	Add +14.2%
JPM JPMorgan Chase & Co.	1.05%	25,104	$8.1M	Reduce -11.6%
MA Mastercard Inc. Class A	1.03%	13,912	$7.9M	Reduce -1.9%
INTU Intuit Inc.	0.93%	10,774	$7.1M	Reduce -6.0%
MU Micron Technology Inc.	0.93%	25,000	$7.1M	Reduce -66.7%
NEE Nextera Energy Inc.	0.91%	87,000	$7.0M	No change
NOW ServiceNow Inc.	0.90%	45,170	$6.9M	Add +168.4%
TRMB Trimble Inc.	0.89%	87,652	$6.9M	Add +6.9%
ADBE Adobe Inc.	0.88%	19,358	$6.8M	Add +362.9%
ALL Allstate Corp.	0.86%	32,000	$6.7M	Add +2.5%
GEV GE Vernova Inc.	0.85%	10,000	$6.5M	No change
ROST Ross Stores Inc.	0.84%	36,085	$6.5M	Add +19.9%
AMD Advanced Micro Devices	0.82%	29,670	$6.4M	Add +47.8%
KO The Coca-Cola Co.	0.82%	90,000	$6.3M	Add +150.0%
SNPS Synopsys Inc.	0.78%	12,849	$6.0M	Reduce -2.4%
EQIX Equinix Inc.	0.75%	7,575	$5.8M	Reduce -4.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.67%	17,419	$5.2M	Reduce -14.6%
DLR Digital Realty Trust Inc.	0.66%	32,905	$5.1M	Reduce -14.7%
ACN Accenture PLC Class A	0.63%	17,984	$4.8M	Reduce -20.4%
ECL Ecolab Inc.	0.62%	18,306	$4.8M	Add +12.3%
EOG EOG Resources Inc.	0.61%	45,000	$4.7M	Add +87.5%
ROK Rockwell Automation Inc.	0.60%	11,956	$4.7M	Reduce -19.7%
TMUS T-Mobile US Inc.	0.60%	22,715	$4.6M	Reduce -18.6%
GLOB Globant SA	0.58%	69,000	$4.5M	Add +16.9%
UNH Unitedhealth Group Inc.	0.56%	13,000	$4.3M	Reduce -7.7%
FSLR First Solar Inc.	0.55%	16,236	$4.2M	Reduce -7.9%
ILMN Illumina Inc.	0.54%	32,000	$4.2M	Add +1973.9%
KR Kroger Co.	0.53%	65,000	$4.1M	Add +8.3%
HDB HDFC Bank Ltd.-ADR	0.51%	107,850	$3.9M	No change
XYL Xylem Inc.	0.49%	27,635	$3.8M	Reduce -20.0%
EMR Emerson Electric Co.	0.48%	28,000	$3.7M	Add +12.0%
ORCL Oracle Corp.	0.46%	18,150	$3.5M	Add +10.4%
WDAY Workday Inc. Class A	0.44%	15,931	$3.4M	Add +1577.0%
MRK Merck & Co. Inc.	0.42%	30,570	$3.2M	Reduce -22.3%
CCI Crown Castle Inc.	0.40%	34,950	$3.1M	Add +40.1%
AVB Avalonbay Communities Inc.	0.38%	16,165	$2.9M	Add +160.4%
MMYT Makemytrip Ltd.	0.36%	34,000	$2.8M	Add +36.0%
LULU Lululemon Athletica Inc.	0.35%	13,000	$2.7M	Add +6.9%
CSCO Cisco Systems Inc.	0.34%	34,343	$2.6M	Reduce -59.2%
EIX Edison International	0.34%	43,691	$2.6M	Reduce -12.0%
AMT American Tower Corp.	0.33%	14,692	$2.6M	Add +302.6%
AWK American Water Works Co. Inc.	0.33%	19,699	$2.6M	Reduce -18.0%
QCOM Qualcomm Inc.	0.32%	14,468	$2.5M	Reduce -29.3%
ADI Analog Devices Inc.	0.31%	8,722	$2.4M	Reduce -2.5%
MCO Moody's Corp.	0.31%	4,619	$2.4M	Reduce -2.3%
SPGI S&P Global Inc.	0.30%	4,476	$2.3M	Reduce -2.3%
JNJ Johnson & Johnson	0.25%	9,408	$1.9M	Reduce -73.9%
AXON Axon Enterprise Inc.	0.25%	3,425	$1.9M	Reduce -1.5%
ABBV Abbvie Inc.	0.24%	8,252	$1.9M	Reduce -35.0%
TXN Texas Instruments Inc.	0.21%	9,533	$1.7M	Reduce -19.9%
GRAB Grab Holdings Ltd. Class A	0.21%	320,000	$1.6M	No change
SCHW Schwab (charles) Corp.	0.20%	15,650	$1.6M	Reduce -2.5%
RIVN Rivian Automotive Inc. Class A	0.20%	77,734	$1.5M	Reduce -20.6%
SHW The Sherwin-Williams Co.	0.19%	4,579	$1.5M	Reduce -74.0%
ZTS Zoetis Inc.	0.19%	11,463	$1.4M	Reduce -19.8%
AFL Aflac Inc.	0.18%	12,414	$1.4M	Reduce -19.5%
UDR Udr Inc.	0.17%	35,738	$1.3M	New
AXP American Express Co.	0.16%	3,336	$1.2M	Reduce -20.3%
RPRX Royalty Pharma PLC Class A	0.16%	30,972	$1.2M	Reduce -27.9%
MSI Motorola Solutions Inc.	0.15%	3,086	$1.2M	Reduce -20.4%
BXP BXP Inc.	0.15%	17,082	$1.2M	Reduce -21.9%
KLAC KLA Corp.	0.15%	931	$1.1M	Reduce -29.5%
BBD Banco Bradesco-ADR	0.14%	330,000	$1.1M	No change
ABT Abbott Laboratories	0.14%	8,565	$1.1M	Reduce -75.2%
MRSH Marsh & McLennan Cos	0.14%	5,766	$1.1M	Reduce -19.9%
CB Chubb Ltd.	0.14%	3,353	$1.0M	Reduce -34.4%
ELS Equity Lifestyle Properties	0.13%	17,101	$1.0M	New
DOC Healthpeak Properties Inc.	0.13%	62,996	$1.0M	Reduce -20.3%
ARRY Array Technologies Inc.	0.13%	108,715	$1.0M	No change
ISRG Intuitive Surgical Inc.	0.13%	1,752	$992K	Reduce -20.6%
PGR Progressive Corp.	0.12%	4,204	$957K	Reduce -1.4%
CME Cme Group Inc.	0.12%	3,301	$901K	Reduce -20.0%
NDAQ Nasdaq Inc.	0.11%	9,100	$884K	Reduce -2.4%
ARE Alexandria Real Estate Equit	0.11%	17,673	$865K	Add +124.8%
ICE Intercontinental Exchange Inc.	0.11%	5,270	$854K	Reduce -2.2%
MTD Mettler-Toledo International	0.11%	600	$837K	Reduce -35.3%

Show all 176 holdings

Portfolio Sells Q3 2025 → Q4 2025


AMZN Amazon.com Inc.	Reduce -30.9%	2.97%	−1.21
MSFT Microsoft Corp.	Reduce -3.7%	6.99%	−0.96
NVDA Nvidia Corp.	Reduce -7.4%	8.11%	−0.86
V Visa Inc. Class A	Reduce -37.6%	1.29%	−0.77
MU Micron Technology Inc.	Reduce -66.7%	0.93%	−0.74
DIS The Walt Disney Co.	Sold out	0.00%	−0.72
JNJ Johnson & Johnson	Reduce -73.9%	0.25%	−0.63
SHW The Sherwin-Williams Co.	Reduce -74.0%	0.19%	−0.62
XOM Exxon Mobil Corp.	Sold out	0.00%	−0.48
ABT Abbott Laboratories	Reduce -75.2%	0.14%	−0.48
PG The Procter & Gamble Co.	Sold out	0.00%	−0.47
HD Home Depot Inc.	Sold out	0.00%	−0.45
CSCO Cisco Systems Inc.	Reduce -59.2%	0.34%	−0.42
AVGO Broadcom Inc.	Reduce -12.6%	2.67%	−0.31
TMUS T-Mobile US Inc.	Reduce -18.6%	0.60%	−0.29
AME Ametek Inc.	Sold out	0.00%	−0.26
DLR Digital Realty Trust Inc.	Reduce -14.7%	0.66%	−0.23
ESS Essex Property Trust Inc.	Sold out	0.00%	−0.19
XYL Xylem Inc.	Reduce -20.0%	0.49%	−0.19
UNP Union Pacific Corp.	Sold out	0.00%	−0.16
ABBV Abbvie Inc.	Reduce -35.0%	0.24%	−0.15
JPM JPMorgan Chase & Co.	Reduce -11.6%	1.05%	−0.14
FAST Fastenal Co.	Sold out	0.00%	−0.14
QCOM Qualcomm Inc.	Reduce -29.3%	0.32%	−0.13
BSX Boston Scientific Corp.	Sold out	0.00%	−0.13
PFE Pfizer Inc.	Sold out	0.00%	−0.12
SBUX Starbucks Corp.	Sold out	0.00%	−0.12
UBER Uber Technologies Inc.	Sold out	0.00%	−0.12
ACN Accenture PLC Class A	Reduce -20.4%	0.63%	−0.11
BX Blackstone Inc.	Sold out	0.00%	−0.11
INTU Intuit Inc.	Reduce -6.0%	0.93%	−0.11
AWK American Water Works Co. Inc.	Reduce -18.0%	0.33%	−0.11
CHD Church & Dwight Co. Inc.	Sold out	0.00%	−0.10
FTV Fortive Corp.	Sold out	0.00%	−0.10
IBM Intl Business Machines Corp.	Reduce -14.6%	0.67%	−0.09
BF.B Brown-Forman Corp. Class B	Sold out	0.00%	−0.09
ZTS Zoetis Inc.	Reduce -19.8%	0.19%	−0.09
UNH Unitedhealth Group Inc.	Reduce -7.7%	0.56%	−0.09
MNST Monster Beverage Corp.	Sold out	0.00%	−0.09
ROK Rockwell Automation Inc.	Reduce -19.7%	0.60%	−0.09
YUM Yum! Brands Inc.	Sold out	0.00%	−0.09
MSI Motorola Solutions Inc.	Reduce -20.4%	0.15%	−0.08
SNPS Synopsys Inc.	Reduce -2.4%	0.78%	−0.08
AXON Axon Enterprise Inc.	Reduce -1.5%	0.25%	−0.08
TXN Texas Instruments Inc.	Reduce -19.9%	0.21%	−0.08
EQIX Equinix Inc.	Reduce -4.2%	0.75%	−0.07
DOC Healthpeak Properties Inc.	Reduce -20.3%	0.13%	−0.07
BXP BXP Inc.	Reduce -21.9%	0.15%	−0.07
NTRS Northern Trust Corp.	Sold out	0.00%	−0.06
TSLA Tesla Inc.	Reduce -1.1%	2.52%	−0.06

Portfolio Buys Q3 2025 → Q4 2025


META Meta Platforms Inc. Class A	Add +111.5%	4.71%	+2.17
LLY Eli Lilly & Co.	Add +7.5%	4.16%	+1.35
COF Capital One Financial Corp.	New	1.26%	+1.26
NFLX Netflix Inc.	Add +138.8%	2.30%	+1.04
LIN Linde PLC	Add +266.7%	1.22%	+0.84
CRM Salesforce Inc.	Add +111.7%	1.47%	+0.84
ADBE Adobe Inc.	Add +362.9%	0.88%	+0.68
PLD Prologis Inc.	Add +43.6%	1.84%	+0.67
ILMN Illumina Inc.	Add +1973.9%	0.54%	+0.52
KO The Coca-Cola Co.	Add +150.0%	0.82%	+0.50
NOW ServiceNow Inc.	Add +168.4%	0.90%	+0.49
AMAT Applied Materials Inc.	Add +41.7%	1.13%	+0.48
DHR Danaher Corp.	Add +25.3%	1.55%	+0.45
WDAY Workday Inc. Class A	Add +1577.0%	0.44%	+0.41
AMD Advanced Micro Devices	Add +47.8%	0.82%	+0.39
MCD McDonald's Corp.	Add +34.8%	1.17%	+0.29
EOG EOG Resources Inc.	Add +87.5%	0.61%	+0.26
TMO Thermo Fisher Scientific Inc.	Add +1.4%	1.58%	+0.24
AMT American Tower Corp.	Add +302.6%	0.33%	+0.24
ROST Ross Stores Inc.	Add +19.9%	0.84%	+0.23
AVB Avalonbay Communities Inc.	Add +160.4%	0.38%	+0.22
MRVL Marvell Technology Inc.	Add +18.2%	1.46%	+0.21
ULTA Ulta Beauty Inc.	Add +11.3%	1.09%	+0.18
UDR Udr Inc.	New	0.17%	+0.17
BDX Becton Dickinson and Co.	Add +14.2%	1.08%	+0.15
GLOB Globant SA	Add +16.9%	0.58%	+0.14
ELS Equity Lifestyle Properties	New	0.13%	+0.13
CCI Crown Castle Inc.	Add +40.1%	0.40%	+0.08
LULU Lululemon Athletica Inc.	Add +6.9%	0.35%	+0.06
MMYT Makemytrip Ltd.	Add +36.0%	0.36%	+0.05
EMR Emerson Electric Co.	Add +12.0%	0.48%	+0.05
ECL Ecolab Inc.	Add +12.3%	0.62%	+0.03
ARE Alexandria Real Estate Equit	Add +124.8%	0.11%	+0.03
CCEP Coca-Cola Europacific Partne	Add +13.1%	0.05%	+0.01
TRMB Trimble Inc.	Add +6.9%	0.89%	+0.00
TRU Transunion	Add +3.0%	0.00%	+0.00
PAYC Paycom Software Inc.	Add +30.3%	0.00%	−0.00
KR Kroger Co.	Add +8.3%	0.53%	−0.01
ALL Allstate Corp.	Add +2.5%	0.86%	−0.03
ORCL Oracle Corp.	Add +10.4%	0.46%	−0.16

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	249	$735.9M	NVDA, AAPL, MSFT, GOOGL, AVGO
Q1 2026	178	$671.2M	NVDA, MSFT, AAPL, GOOGL, AMZN
Q4 2025	176	$771.4M	NVDA, MSFT, AAPL, META, LLY
Q3 2025	207	$753.5M	NVDA, MSFT, AAPL, AMZN, AVGO
Q2 2025	209	$677.5M	MSFT, NVDA, AMZN, AAPL, AVGO
Q1 2025	192	$531.0M	MSFT, NVDA, V, GOOGL, TSLA