S-Bank Fund Management Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), S-Bank Fund Management Ltd reported 178 stock positions worth $671.2 million. Its top holding was Nvidia (NVDA) at 8.3% of the portfolio, followed by Microsoft (MSFT, 5.8%) and Apple (AAPL, 5.3%). Compared with Q4 2025, it opened 8 new positions, sold out of 6, added to 15 and reduced 138. The biggest buy was a new position in PPG Industries (PPG) and the biggest sale Meta Platforms Class A (META, shares −64%).

Most Recent 13F
Q2 2026
Location
HELSINKI, H9
CIK
0002036461
Portfolio Value
$671.2M (Q1 2026)
SEC Filing
0002036461-26-000002 ↗ filed May 11, 2026

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 Q3 2025 Q4 2025: $771.4M Q4 2025 Q1 2026: $671.2M $671.2M Q1 2026 Q2 2026: $735.9M Q2 2026

Holdings 178 stocks · $671.2M

NVDA Nvidia Corp. 8.29% 319,197 $55.7M Reduce -4.9%
MSFT Microsoft Corp. 5.80% 105,219 $38.9M Reduce -5.6%
AAPL Apple Inc. 5.33% 141,057 $35.8M Reduce -15.5%
GOOGL Alphabet Inc. Class A 3.68% 85,859 $24.7M Add +20.2%
AMZN Amazon.com Inc. 2.94% 94,688 $19.7M Reduce -4.6%
LLY Eli Lilly & Co. 2.81% 20,538 $18.9M Reduce -31.2%
AVGO Broadcom Inc. 2.68% 58,079 $18.0M Reduce -2.5%
WFC Wells Fargo & Co. 2.27% 191,127 $15.2M Add +35.0%
NFLX Netflix Inc. 2.26% 157,816 $15.2M Reduce -16.4%
PLD Prologis Inc. 2.16% 109,594 $14.5M Reduce -1.7%
MRVL Marvell Technology Inc. 1.92% 129,785 $12.9M Reduce -1.8%
TSLA Tesla Inc. 1.90% 34,244 $12.7M Reduce -20.8%
DHR Danaher Corp. 1.76% 62,139 $11.8M Add +18.7%
META Meta Platforms Inc. Class A 1.70% 20,000 $11.4M Reduce -63.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.70% 233,740 $11.4M Reduce -23.1%
LIN Linde PLC 1.62% 22,000 $10.9M No change
TMO Thermo Fisher Scientific Inc. 1.54% 21,000 $10.3M No change
CRM Salesforce Inc. 1.48% 53,129 $9.9M Add +23.8%
GOOG Alphabet Inc. Class C 1.41% 32,969 $9.5M Reduce -3.6%
EMR Emerson Electric Co. 1.37% 70,000 $9.2M Add +150.0%
MCD McDonald's Corp. 1.35% 29,159 $9.1M Reduce -1.6%
NEE Nextera Energy Inc. 1.20% 87,000 $8.1M No change
V Visa Inc. Class A 1.15% 25,619 $7.7M Reduce -9.4%
MU Micron Technology Inc. 1.11% 22,000 $7.4M Reduce -12.0%
COF Capital One Financial Corp. 1.09% 40,000 $7.3M No change
JPM JPMorgan Chase & Co. 1.08% 24,634 $7.2M Reduce -1.9%
EQIX Equinix Inc. 1.07% 7,303 $7.2M Reduce -3.6%
KO The Coca-Cola Co. 1.02% 90,000 $6.8M No change
AMAT Applied Materials Inc. 1.02% 20,000 $6.8M Reduce -41.2%
ALL Allstate Corp. 0.99% 32,000 $6.6M No change
ROST Ross Stores Inc. 0.97% 30,085 $6.5M Reduce -16.6%
PPG PPG Industries Inc. 0.96% 60,000 $6.4M New
GEV GE Vernova Inc. 0.91% 7,000 $6.1M Reduce -30.0%
MA Mastercard Inc. Class A 0.91% 12,160 $6.1M Reduce -12.6%
INTU Intuit Inc. 0.88% 13,675 $5.9M Add +26.9%
DLR Digital Realty Trust Inc. 0.85% 31,726 $5.7M Reduce -3.6%
TRMB Trimble Inc. 0.85% 87,449 $5.7M Reduce -0.2%
ADBE Adobe Inc. 0.84% 23,238 $5.6M Add +20.0%
BDX Becton Dickinson and Co. 0.82% 35,000 $5.5M Reduce -18.6%
PH Parker Hannifin Corp. 0.80% 6,000 $5.4M New
ROK Rockwell Automation Inc. 0.80% 14,956 $5.4M Add +25.1%
AMD Advanced Micro Devices 0.78% 25,743 $5.2M Reduce -13.2%
ULTA Ulta Beauty Inc. 0.77% 9,900 $5.2M Reduce -28.8%
SNPS Synopsys Inc. 0.76% 12,800 $5.1M Reduce -0.4%
COST Costco Wholesale Corp. 0.74% 5,000 $5.0M New
ACN Accenture PLC Class A 0.74% 24,931 $4.9M Add +38.6%
ILMN Illumina Inc. 0.73% 40,000 $4.9M Add +25.0%
ECL Ecolab Inc. 0.73% 18,306 $4.9M No change
NOW ServiceNow Inc. 0.61% 39,212 $4.1M Reduce -13.2%
CMG Chipotle Mexican Grill Inc. 0.61% 127,726 $4.1M Add +1494.0%
WDAY Workday Inc. Class A 0.56% 28,898 $3.8M Add +81.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.55% 15,156 $3.7M Reduce -13.0%
MRK Merck & Co. Inc. 0.54% 29,976 $3.6M Reduce -1.9%
TMUS T-Mobile US Inc. 0.49% 15,689 $3.3M Reduce -30.9%
GLOB Globant SA 0.47% 69,000 $3.2M No change
FSLR First Solar Inc. 0.47% 15,905 $3.1M Reduce -2.0%
XYL Xylem Inc. 0.46% 26,032 $3.1M Reduce -5.8%
EIX Edison International 0.45% 40,977 $3.0M Reduce -6.2%
CCI Crown Castle Inc. 0.42% 34,950 $2.8M No change
HEI Heico Corp. 0.41% 10,000 $2.7M New
HDB HDFC Bank Ltd.-ADR 0.40% 107,850 $2.7M No change
AXON Axon Enterprise Inc. 0.40% 6,302 $2.7M Add +84.0%
CSCO Cisco Systems Inc. 0.39% 33,682 $2.6M Reduce -1.9%
AWK American Water Works Co. Inc. 0.39% 18,993 $2.6M Reduce -3.6%
ADI Analog Devices Inc. 0.37% 7,837 $2.5M Reduce -10.2%
AVB Avalonbay Communities Inc. 0.36% 14,944 $2.4M Reduce -7.5%
AMT American Tower Corp. 0.35% 13,691 $2.4M Reduce -6.8%
JNJ Johnson & Johnson 0.34% 9,346 $2.3M Reduce -0.7%
SYY Sysco Corp. 0.32% 30,000 $2.1M New
CLX Clorox Company 0.31% 20,000 $2.1M New
LULU Lululemon Athletica Inc. 0.30% 13,000 $2.0M No change
MCO Moody's Corp. 0.29% 4,453 $1.9M Reduce -3.6%
ORCL Oracle Corp. 0.28% 12,679 $1.9M Reduce -30.1%
SPGI S&P Global Inc. 0.27% 4,316 $1.8M Reduce -3.6%
TXN Texas Instruments Inc. 0.27% 9,191 $1.8M Reduce -3.6%
ABBV Abbvie Inc. 0.26% 7,956 $1.7M Reduce -3.6%
WAT Waters Corp. 0.25% 5,676 $1.7M Add +352.3%
MMYT Makemytrip Ltd. 0.25% 45,000 $1.7M Add +32.4%
RPRX Royalty Pharma PLC Class A 0.21% 29,862 $1.4M Reduce -3.6%
SCHW Schwab (charles) Corp. 0.21% 15,089 $1.4M Reduce -3.6%
SHW The Sherwin-Williams Co. 0.21% 4,415 $1.4M Reduce -3.6%
KLAC KLA Corp. 0.20% 898 $1.3M Reduce -3.5%
AFL Aflac Inc. 0.20% 11,969 $1.3M Reduce -3.6%
ZTS Zoetis Inc. 0.19% 11,052 $1.3M Reduce -3.6%
MSI Motorola Solutions Inc. 0.19% 2,975 $1.3M Reduce -3.6%
BBD Banco Bradesco-ADR 0.18% 330,000 $1.2M No change
GRAB Grab Holdings Ltd. Class A 0.17% 320,000 $1.2M No change
UDR Udr Inc. 0.17% 34,457 $1.2M Reduce -3.6%
RIVN Rivian Automotive Inc. Class A 0.17% 74,948 $1.1M Reduce -3.6%
KR Kroger Co. 0.16% 15,000 $1.1M Reduce -76.9%
NKE Nike Inc. Class B 0.16% 20,000 $1.1M New
CB Chubb Ltd. 0.16% 3,233 $1.1M Reduce -3.6%
DOC Healthpeak Properties Inc. 0.15% 60,738 $998K Reduce -3.6%
HD Home Depot Inc. 0.15% 3,000 $987K New
AXP American Express Co. 0.14% 3,216 $973K Reduce -3.6%
MRSH Marsh & McLennan Cos 0.14% 5,559 $964K Reduce -3.6%
CME Cme Group Inc. 0.14% 3,183 $940K Reduce -3.6%
DAR Darling Ingredients Inc. 0.14% 15,000 $928K No change
BMY Bristol-Myers Squibb Co. 0.13% 14,911 $904K Reduce -3.6%
ABT Abbott Laboratories 0.13% 8,565 $879K No change
QCOM Qualcomm Inc. 0.12% 6,468 $833K Reduce -55.3%
GRMN Garmin Ltd. 0.12% 3,516 $816K Reduce -3.6%
UNH Unitedhealth Group Inc. 0.12% 3,000 $812K Reduce -76.9%
PGR Progressive Corp. 0.12% 4,053 $803K Reduce -3.6%
AMGN Amgen Inc. 0.12% 2,272 $799K Reduce -3.6%
ICE Intercontinental Exchange Inc. 0.12% 5,081 $799K Reduce -3.6%
ARRY Array Technologies Inc. 0.12% 108,715 $786K No change
ISRG Intuitive Surgical Inc. 0.12% 1,689 $779K Reduce -3.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.12% 6,540 $776K Reduce -3.6%
NDAQ Nasdaq Inc. 0.11% 8,774 $745K Reduce -3.6%
MTD Mettler-Toledo International 0.11% 578 $729K Reduce -3.7%
MELI MercadoLibre Inc. 0.10% 370 $640K Reduce -3.6%
ADSK Autodesk Inc. 0.09% 2,580 $618K Reduce -3.6%
VRTX Vertex Pharmaceuticals Inc. 0.09% 1,377 $615K Reduce -3.6%
ABNB Airbnb Inc. Class A 0.09% 4,744 $599K Reduce -3.6%
FFIV F5 Inc. 0.09% 2,007 $581K Reduce -3.6%
ACGL Arch Capital Group Ltd. 0.08% 5,847 $561K Reduce -3.6%
WST West Pharmaceutical Services 0.08% 2,141 $537K Reduce -3.6%
IEX Idex Corp. 0.08% 2,694 $511K Reduce -3.6%
REGN Regeneron Pharmaceuticals 0.07% 594 $459K Reduce -3.6%
APO Apollo Global Management Inc. 0.06% 3,901 $435K Reduce -3.6%
CTAS Cintas Corp. 0.06% 2,531 $428K Reduce -3.6%
VLTO Veralto Corp. 0.06% 4,708 $416K Reduce -3.6%
IDXX Idexx Laboratories Inc. 0.06% 740 $416K Reduce -3.5%
MKL Markel Group Inc. 0.06% 215 $412K Reduce -3.6%
ALNY Alnylam Pharmaceuticals Inc. 0.06% 1,235 $409K Reduce -3.6%
MPWR Monolithic Power Systems Inc. 0.06% 363 $397K Reduce -3.5%
AON Aon PLC Class A 0.06% 1,149 $371K Reduce -3.6%
BRO Brown & Brown Inc. 0.05% 5,604 $365K Reduce -3.6%
WTW Willis Towers Watson PLC 0.05% 1,240 $360K Reduce -3.6%
CINF Cincinnati Financial Corp. 0.05% 2,275 $358K Reduce -3.6%
BLK BlackRock Inc. 0.05% 365 $351K Reduce -3.7%
CBOE Cboe Global Markets Inc. 0.05% 1,248 $351K Reduce -3.5%
HIG Hartford Insurance Group Inc. 0.05% 2,592 $351K Reduce -3.6%
SPG Simon Property Group Inc. 0.05% 1,817 $339K Reduce -3.6%
KKR KKR & Co. Inc. 0.05% 3,538 $327K Reduce -3.6%
MET Metlife Inc. 0.05% 4,354 $308K Reduce -3.6%
FTNT Fortinet Inc. 0.05% 3,767 $308K Reduce -3.6%
PYPL PayPal Holdings Inc. 0.05% 6,698 $303K Reduce -3.6%
VRSK Verisk Analytics Inc. 0.04% 1,579 $300K Reduce -3.6%
ROL Rollins Inc. 0.04% 5,532 $295K Reduce -3.6%
ROP Roper Technologies Inc. 0.04% 832 $294K Reduce -3.6%
GGG Graco Inc. 0.04% 3,434 $291K Reduce -3.6%
CPRT Copart Inc. 0.04% 8,534 $283K Reduce -3.6%
CCEP Coca-Cola Europacific Partne 0.04% 3,124 $283K Reduce -30.4%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.04% 4,229 $280K Reduce -3.6%
PAYX Paychex Inc. 0.04% 3,010 $277K Reduce -3.6%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.03% 2,587 $233K Reduce -3.6%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.03% 3,861 $228K Reduce -3.6%
FWONK Liberty Media Corp. Class C 0.03% 2,517 $214K Reduce -3.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.03% 951 $206K Reduce -3.5%
EFX Equifax Inc. 0.03% 1,087 $196K Reduce -3.5%
A Agilent Technologies Inc. 0.03% 1,702 $194K Reduce -3.6%
ADP Automatic Data Processing 0.03% 877 $178K Reduce -3.6%
VEEV Veeva Systems Inc. Class A 0.03% 1,002 $176K Reduce -3.6%
IQV Iqvia Holdings Inc. 0.03% 1,009 $172K Reduce -3.6%
VRSN Verisign Inc. 0.02% 609 $151K Reduce -3.6%
PANW Palo Alto Networks Inc. 0.02% 778 $125K Reduce -3.6%
NBIX Neurocrine Biosciences Inc. 0.02% 885 $117K Reduce -3.6%
GILD Gilead Sciences Inc. 0.02% 809 $113K Reduce -3.6%
AUNA Auna SA Class A 0.02% 20,401 $112K No change
AMP Ameriprise Financial Inc. 0.01% 218 $97K Reduce -3.5%
TTWO Take-Two Interactive Softwre 0.01% 454 $90K Reduce -3.6%
TYL Tyler Technologies Inc. 0.01% 254 $87K Reduce -3.4%
FISV Fiserv Inc. 0.01% 1,355 $76K Reduce -3.6%
SNOW Snowflake Inc. 0.01% 480 $72K Reduce -3.6%
OKTA Okta Inc. 0.01% 879 $69K Reduce -3.6%
VZ Verizon Communications Inc. 0.01% 1,283 $64K Reduce -3.6%
TW Tradeweb Markets Inc. Class A 0.01% 543 $64K Reduce -3.5%
XYZ Block Inc. 0.01% 1,021 $61K Reduce -3.6%
ZM Zoom Communications Inc. 0.01% 687 $55K Reduce -3.6%
PINS Pinterest Inc. Class A 0.01% 2,329 $43K Reduce -3.6%
MDB Mongodb Inc. 0.00% 123 $30K Reduce -3.9%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.00% 1,241 $28K Reduce -3.6%
TRU Transunion 0.00% 397 $27K Reduce -3.6%
COIN Coinbase Global Inc. Class A 0.00% 136 $24K Reduce -3.5%
HUBS HubSpot Inc. 0.00% 83 $20K Reduce -3.5%
SNAP Snap Inc. Class A 0.00% 3,792 $17K Reduce -3.6%

Portfolio Sells Q4 2025 → Q1 2026

META Meta Platforms Inc. Class A Reduce -63.6% 1.70% −3.00
LLY Eli Lilly & Co. Reduce -31.2% 2.81% −1.35
MSFT Microsoft Corp. Reduce -5.6% 5.80% −1.18
TSLA Tesla Inc. Reduce -20.8% 1.90% −0.63
EOG EOG Resources Inc. Sold out 0.00% −0.61
AAPL Apple Inc. Reduce -15.5% 5.33% −0.55
BAC Bank of America Corp. Reduce -23.1% 1.70% −0.47
UNH Unitedhealth Group Inc. Reduce -76.9% 0.12% −0.44
KR Kroger Co. Reduce -76.9% 0.16% −0.36
ULTA Ulta Beauty Inc. Reduce -28.8% 0.77% −0.32
NOW ServiceNow Inc. Reduce -13.2% 0.61% −0.29
BDX Becton Dickinson and Co. Reduce -18.6% 0.82% −0.26
QCOM Qualcomm Inc. Reduce -55.3% 0.12% −0.20
ORCL Oracle Corp. Reduce -30.1% 0.28% −0.18
BXP BXP Inc. Sold out 0.00% −0.15
ELS Equity Lifestyle Properties Sold out 0.00% −0.13
V Visa Inc. Class A Reduce -9.4% 1.15% −0.13
MA Mastercard Inc. Class A Reduce -12.6% 0.91% −0.12
IBM Intl Business Machines Corp. Reduce -13.0% 0.55% −0.12
AMAT Applied Materials Inc. Reduce -41.2% 1.02% −0.11
ARE Alexandria Real Estate Equit Sold out 0.00% −0.11
TMUS T-Mobile US Inc. Reduce -30.9% 0.49% −0.11
FSLR First Solar Inc. Reduce -2.0% 0.47% −0.08
AFG American Financial Group Inc. Sold out 0.00% −0.05
AMD Advanced Micro Devices Reduce -13.2% 0.78% −0.04
TRMB Trimble Inc. Reduce -0.2% 0.85% −0.04
NFLX Netflix Inc. Reduce -16.4% 2.26% −0.03
AMZN Amazon.com Inc. Reduce -4.6% 2.94% −0.03
RIVN Rivian Automotive Inc. Class A Reduce -3.6% 0.17% −0.03
SPGI S&P Global Inc. Reduce -3.6% 0.27% −0.03
SNPS Synopsys Inc. Reduce -0.4% 0.76% −0.03
XYL Xylem Inc. Reduce -5.8% 0.46% −0.02
MCO Moody's Corp. Reduce -3.6% 0.29% −0.02
AVB Avalonbay Communities Inc. Reduce -7.5% 0.36% −0.02
AXP American Express Co. Reduce -3.6% 0.14% −0.02
ISRG Intuitive Surgical Inc. Reduce -3.6% 0.12% −0.01
KKR KKR & Co. Inc. Reduce -3.6% 0.05% −0.01
APO Apollo Global Management Inc. Reduce -3.6% 0.06% −0.01
ADSK Autodesk Inc. Reduce -3.6% 0.09% −0.01
CCEP Coca-Cola Europacific Partne Reduce -30.4% 0.04% −0.01
PYPL PayPal Holdings Inc. Reduce -3.6% 0.05% −0.01
ROP Roper Technologies Inc. Reduce -3.6% 0.04% −0.01
BRO Brown & Brown Inc. Reduce -3.6% 0.05% −0.01
IDXX Idexx Laboratories Inc. Reduce -3.5% 0.06% −0.01
ALNY Alnylam Pharmaceuticals Inc. Reduce -3.6% 0.06% −0.01
IQV Iqvia Holdings Inc. Reduce -3.6% 0.03% −0.01
MELI MercadoLibre Inc. Reduce -3.6% 0.10% −0.01
PGR Progressive Corp. Reduce -3.6% 0.12% −0.00
PAYC Paycom Software Inc. Sold out 0.00% −0.00
PAYX Paychex Inc. Reduce -3.6% 0.04% −0.00

Portfolio Buys Q4 2025 → Q1 2026

PPG PPG Industries Inc. New 0.96% +0.96
EMR Emerson Electric Co. Add +150.0% 1.37% +0.88
PH Parker Hannifin Corp. New 0.80% +0.80
GOOGL Alphabet Inc. Class A Add +20.2% 3.68% +0.78
COST Costco Wholesale Corp. New 0.74% +0.74
CMG Chipotle Mexican Grill Inc. Add +1494.0% 0.61% +0.57
WFC Wells Fargo & Co. Add +35.0% 2.27% +0.56
HEI Heico Corp. New 0.41% +0.41
SYY Sysco Corp. New 0.32% +0.32
CLX Clorox Company New 0.31% +0.31
DHR Danaher Corp. Add +18.7% 1.76% +0.20
ROK Rockwell Automation Inc. Add +25.1% 0.80% +0.20
ILMN Illumina Inc. Add +25.0% 0.73% +0.19
WAT Waters Corp. Add +352.3% 0.25% +0.19
NKE Nike Inc. Class B New 0.16% +0.16
HD Home Depot Inc. New 0.15% +0.15
AXON Axon Enterprise Inc. Add +84.0% 0.40% +0.15
WDAY Workday Inc. Class A Add +81.4% 0.56% +0.12
ACN Accenture PLC Class A Add +38.6% 0.74% +0.11
CRM Salesforce Inc. Add +23.8% 1.48% +0.00
ADBE Adobe Inc. Add +20.0% 0.84% −0.04
INTU Intuit Inc. Add +26.9% 0.88% −0.04
MMYT Makemytrip Ltd. Add +32.4% 0.25% −0.11

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