Swedbank AB

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 14, 2025), Swedbank AB reported 693 stock positions worth $75.1 billion. Its top holding was Microsoft (MSFT) at 6.8% of the portfolio, followed by Nvidia (NVDA, 6.0%) and Apple (AAPL, 5.7%). Compared with Q4 2024, it opened 25 new positions, sold out of 25, added to 268 and reduced 269. The biggest buy was Eli Lilly (LLY, shares +10%) and the biggest sale Broadcom (AVGO, shares −15%).

Most Recent 13F
Q2 2026
Location
STOCKHOLM, V7
CIK
0000946431
Portfolio Value
$75.1B (Q1 2025)
SEC Filing
0000946431-25-000004 ↗ filed Apr 14, 2025

Holdings Value

0$50.0B$100.0B$150.0B Q1 2024: $70.8B Q1 2024 Q2 2024: $74.8B Q2 2024 Q3 2024: $78.5B Q3 2024 Q4 2024: $81.3B Q4 2024 Q1 2025: $75.1B $75.1B Q1 2025 Q2 2025: $89.0B Q2 2025 Q3 2025: $98.7B Q3 2025 Q4 2025: $103.4B Q4 2025 Q1 2026: $95.1B Q1 2026 Q2 2026: $116.0B Q2 2026

Holdings 693 stocks · $75.1B
MSFT Microsoft Corp. 6.81% 13,627,778 $5.1B Reduce -3.3%
NVDA Nvidia Corp. 5.98% 41,458,131 $4.5B Add +9.8%
AAPL Apple Inc. 5.67% 19,179,656 $4.3B Add +2.4%
AMZN Amazon.com Inc. 3.58% 14,146,558 $2.7B Reduce -2.1%
AVGO Broadcom Inc. 3.11% 13,966,859 $2.3B Reduce -15.2%
META Meta Platforms Inc. Class A 2.63% 3,426,729 $2.0B Reduce -5.9%
GOOG Alphabet Inc. Class C 1.98% 9,519,121 $1.5B Add +12.2%
GOOGL Alphabet Inc. Class A 1.82% 8,834,915 $1.4B Add +3.9%
LLY Eli Lilly & Co. 1.38% 1,255,839 $1.0B Add +10.3%
JPM JPMorgan Chase & Co. 1.33% 4,085,771 $1.0B Reduce -1.0%
UNH Unitedhealth Group Inc. 1.23% 1,757,807 $920.7M Reduce -16.9%
ACN Accenture PLC Class A 1.21% 2,917,154 $910.3M Reduce -22.5%
MA Mastercard Inc. Class A 1.19% 1,627,424 $892.0M Reduce -14.3%
V Visa Inc. Class A 1.10% 2,355,219 $825.4M Add +3.8%
CRM Salesforce Inc. 1.06% 2,954,043 $792.7M Reduce -22.9%
TMO Thermo Fisher Scientific Inc. 1.05% 1,583,776 $788.1M Add +11.3%
BRK.B Berkshire Hathaway Inc. Class B 1.04% 1,467,440 $781.5M Reduce -18.4%
MRK Merck & Co. Inc. 0.95% 7,987,977 $717.0M Add +4.3%
NOW ServiceNow Inc. 0.94% 886,805 $706.0M Reduce -19.5%
C Citigroup Inc. 0.90% 9,499,762 $674.4M Add +14.1%
ADI Analog Devices Inc. 0.88% 3,292,989 $664.1M Reduce -2.6%
KEYS Keysight Technologies Inc. 0.83% 4,167,090 $624.1M Reduce -4.9%
SNPS Synopsys Inc. 0.74% 1,300,950 $557.9M Reduce -13.6%
ANET Arista Networks Inc. 0.73% 7,081,391 $548.7M Add +4.9%
AMAT Applied Materials Inc. 0.72% 3,745,605 $543.6M Reduce -3.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.72% 12,932,416 $539.7M Add +1.2%
PLD Prologis Inc. 0.71% 4,797,797 $536.3M Add +4.2%
SPOT Spotify Technology SA 0.70% 959,587 $527.8M Add +1.4%
CDNS Cadence Design SYS Inc. 0.65% 1,915,406 $487.1M Add +4.4%
SPGI S&P Global Inc. 0.63% 937,249 $476.2M Add +2.0%
MSI Motorola Solutions Inc. 0.63% 1,079,286 $472.5M Add +5.1%
CSCO Cisco Systems Inc. 0.62% 7,541,877 $465.4M Add +7.0%
COST Costco Wholesale Corp. 0.61% 487,495 $461.1M Add +16.9%
XYL Xylem Inc. 0.61% 3,835,042 $458.1M Add +4.1%
MCK McKesson Corp. 0.57% 639,408 $430.3M Reduce -1.7%
WM Waste Management Inc. 0.57% 1,848,141 $427.9M Add +6.2%
LIN Linde PLC 0.57% 915,320 $426.2M Add +11.3%
KLAC KLA Corp. 0.55% 612,122 $416.1M Add +0.3%
COR Cencora Inc. 0.55% 1,485,862 $413.2M Add +4.2%
WMT Walmart Inc. 0.55% 4,696,728 $412.3M Reduce -12.1%
NFLX Netflix Inc. 0.54% 437,489 $408.0M Reduce -6.3%
ABBV Abbvie Inc. 0.54% 1,936,104 $405.7M Reduce -1.9%
HD Home Depot Inc. 0.53% 1,081,877 $396.5M Add +10.9%
RPRX Royalty Pharma PLC Class A 0.50% 12,157,470 $378.5M Reduce -0.1%
ICE Intercontinental Exchange Inc. 0.50% 2,179,620 $376.0M Reduce -1.6%
FTNT Fortinet Inc. 0.49% 3,843,196 $369.9M Reduce -19.8%
JNJ Johnson & Johnson 0.46% 2,094,656 $347.4M Reduce -7.3%
MCD McDonald's Corp. 0.45% 1,090,261 $340.6M Reduce -1.5%
ECL Ecolab Inc. 0.44% 1,310,670 $332.3M Reduce -3.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.44% 3,333,607 $329.0M Reduce -0.8%
ZTS Zoetis Inc. 0.43% 1,975,683 $325.3M Add +3.2%
EMR Emerson Electric Co. 0.42% 2,846,978 $312.1M Add +12.2%
APH Amphenol Corp. Class A 0.41% 4,748,252 $311.4M Add +10.4%
ADBE Adobe Inc. 0.41% 808,635 $310.1M Reduce -0.9%
CL Colgate-Palmolive Co. 0.41% 3,287,088 $308.0M Add +15.0%
PWR Quanta Services Inc. 0.41% 1,197,062 $304.3M Add +50.5%
PEP Pepsico Inc. 0.40% 1,989,564 $298.3M Add +0.7%
TT Trane Technologies PLC 0.39% 866,248 $291.9M Add +29.2%
CI The Cigna Group 0.39% 883,337 $290.6M Reduce -0.1%
MU Micron Technology Inc. 0.37% 3,228,767 $280.5M Reduce -6.4%
BSY Bentley Systems Inc. Class B 0.37% 7,119,208 $280.1M Add +1.6%
PANW Palo Alto Networks Inc. 0.36% 1,569,687 $267.9M Reduce -4.0%
SCI Service Corp. International 0.35% 3,250,020 $260.7M Add +10.2%
PG The Procter & Gamble Co. 0.33% 1,471,085 $250.7M Reduce -7.0%
AZN Astrazeneca PLC-Spons ADR 0.33% 3,375,775 $248.1M Add +19.2%
TSM Taiwan Semiconductor-SP ADR 0.32% 1,467,724 $243.6M Reduce -5.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.32% 976,894 $242.9M Reduce -2.4%
PGR Progressive Corp. 0.32% 849,855 $240.5M Reduce -5.6%
VEEV Veeva Systems Inc. Class A 0.32% 1,031,829 $239.0M Add +0.1%
GILD Gilead Sciences Inc. 0.32% 2,118,632 $237.4M Add +0.8%
LRCX Lam Research Corp. 0.31% 3,231,430 $234.9M Add +5.3%
MET Metlife Inc. 0.30% 2,831,808 $227.4M Reduce -18.3%
MELI MercadoLibre Inc. 0.30% 116,457 $227.2M Reduce -1.5%
EQIX Equinix Inc. 0.29% 268,920 $219.3M Reduce -8.1%
ABT Abbott Laboratories 0.29% 1,628,328 $216.0M Reduce -4.5%
TYL Tyler Technologies Inc. 0.28% 362,450 $210.7M Reduce -21.2%
AMGN Amgen Inc. 0.28% 673,412 $209.8M Add +19.3%
QCOM Qualcomm Inc. 0.28% 1,350,568 $207.5M Add +2.4%
DHR Danaher Corp. 0.28% 1,008,338 $206.7M Reduce -40.0%
INTC Intel Corp. 0.27% 9,012,894 $204.7M Add +396.6%
TSLA Tesla Inc. 0.27% 777,772 $201.6M Reduce -31.1%
GS Goldman Sachs Group Inc. 0.27% 368,750 $201.4M Add +0.1%
VZ Verizon Communications Inc. 0.26% 4,289,346 $194.6M Reduce -20.2%
ISRG Intuitive Surgical Inc. 0.26% 392,349 $194.3M Add +112.4%
ORCL Oracle Corp. 0.26% 1,386,686 $193.9M Reduce -35.9%
EA Electronic Arts Inc. 0.25% 1,324,587 $191.4M Reduce -17.6%
BMY Bristol-Myers Squibb Co. 0.25% 3,080,191 $187.9M Reduce -3.3%
PINS Pinterest Inc. Class A 0.24% 5,839,485 $181.0M Add +344.1%
ETN Eaton Corp. PLC 0.24% 661,890 $179.9M Add +13.7%
ULTA Ulta Beauty Inc. 0.23% 464,316 $170.2M Add +46.0%
ALV Autoliv Inc. 0.22% 1,898,324 $167.9M Reduce -24.1%
SSNC Ss&c Technologies Holdings 0.22% 1,988,034 $166.1M Add +13.4%
SNOW Snowflake Inc. 0.22% 1,131,457 $165.4M Reduce -23.2%
AMD Advanced Micro Devices 0.22% 1,597,211 $164.1M Reduce -29.8%
BKNG Booking Holdings Inc. 0.22% 35,455 $163.3M Add +50.9%
MRSH Marsh & McLennan Cos 0.21% 651,830 $159.1M Add +132.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.21% 1,288,152 $156.9M Add +1.8%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.21% 158,286 $156.4M Reduce -11.7%
CBRE CBRE Group Inc. Class A 0.21% 1,178,320 $154.1M Reduce -1.4%
CYBR Cyberark Software Ltd./Israel 0.20% 446,500 $150.9M Reduce -18.1%

Show all 693 holdings

Portfolio Sells Q4 2024 → Q1 2025
AVGO Broadcom Inc. Reduce -15.2% 3.11% −1.58
CRM Salesforce Inc. Reduce -22.9% 1.06% −0.52
NOW ServiceNow Inc. Reduce -19.5% 0.94% −0.50
MSFT Microsoft Corp. Reduce -3.3% 6.81% −0.49
ACN Accenture PLC Class A Reduce -22.5% 1.21% −0.42
AMZN Amazon.com Inc. Reduce -2.1% 3.58% −0.32
TSLA Tesla Inc. Reduce -31.1% 0.27% −0.29
DHR Danaher Corp. Reduce -40.0% 0.28% −0.20
ORCL Oracle Corp. Reduce -35.9% 0.26% −0.19
SNPS Synopsys Inc. Reduce -13.6% 0.74% −0.16
FFIV F5 Inc. Reduce -71.7% 0.07% −0.15
DELL Dell Technologies -C Reduce -42.7% 0.13% −0.14
AMD Advanced Micro Devices Reduce -29.8% 0.22% −0.12
SWKS Skyworks Solutions Inc. Reduce -87.2% 0.01% −0.11
WSC Willscot Holdings Corp. Reduce -66.1% 0.04% −0.10
SYY Sysco Corp. Reduce -62.5% 0.06% −0.09
UNH Unitedhealth Group Inc. Reduce -16.9% 1.23% −0.09
NVT Nvent Electric PLC Reduce -55.7% 0.05% −0.08
LULU Lululemon Athletica Inc. Reduce -73.8% 0.02% −0.08
AVY Avery Dennison Corp. Reduce -98.5% 0.00% −0.07
HAS Hasbro Inc. Sold out 0.00% −0.07
WMS Advanced Drainage Systems Inc. Reduce -36.0% 0.13% −0.07
ALV Autoliv Inc. Reduce -24.1% 0.22% −0.06
FTNT Fortinet Inc. Reduce -19.8% 0.49% −0.06
DE Deere & Co. Reduce -38.1% 0.18% −0.06
SNOW Snowflake Inc. Reduce -23.2% 0.22% −0.06
ILMN Illumina Inc. Reduce -93.0% 0.00% −0.05
TSM Taiwan Semiconductor-SP ADR Reduce -5.3% 0.32% −0.05
ENPH Enphase Energy Inc. Reduce -24.7% 0.14% −0.05
AMAT Applied Materials Inc. Reduce -3.0% 0.72% −0.05
EQIX Equinix Inc. Reduce -8.1% 0.29% −0.05
MET Metlife Inc. Reduce -18.3% 0.30% −0.05
TYL Tyler Technologies Inc. Reduce -21.2% 0.28% −0.05
WMT Walmart Inc. Reduce -12.1% 0.55% −0.04
ON On Semiconductor Reduce -80.3% 0.01% −0.04
PDD PDD Holdings Inc. Sold out 0.00% −0.04
MA Mastercard Inc. Class A Reduce -14.3% 1.19% −0.04
PNR Pentair PLC Reduce -28.9% 0.08% −0.04
RXO Rxo Inc. Reduce -42.3% 0.04% −0.04
VRTX Vertex Pharmaceuticals Inc. Reduce -36.5% 0.19% −0.04
RL Ralph Lauren Corp. Reduce -46.7% 0.05% −0.04
GM General Motors Co. Reduce -40.3% 0.05% −0.04
ALGN Align Technology Inc. Reduce -14.1% 0.09% −0.04
ROK Rockwell Automation Inc. Reduce -66.8% 0.02% −0.04
KEYS Keysight Technologies Inc. Reduce -4.9% 0.83% −0.04
EA Electronic Arts Inc. Reduce -17.6% 0.25% −0.03
ADBE Adobe Inc. Reduce -0.9% 0.41% −0.03
HOLX Hologic Inc. Reduce -20.7% 0.08% −0.03
CNM Core & Main Inc. Class A Reduce -26.9% 0.09% −0.03
MIR Mirion Technologies Inc. Reduce -11.1% 0.10% −0.03

Portfolio Buys Q4 2024 → Q1 2025
LLY Eli Lilly & Co. Add +10.3% 1.38% +0.30
INTC Intel Corp. Add +396.6% 0.27% +0.23
V Visa Inc. Class A Add +3.8% 1.10% +0.22
PINS Pinterest Inc. Class A Add +344.1% 0.24% +0.19
SPOT Spotify Technology SA Add +1.4% 0.70% +0.18
C Citigroup Inc. Add +14.1% 0.90% +0.18
COR Cencora Inc. Add +4.2% 0.55% +0.16
COST Costco Wholesale Corp. Add +16.9% 0.61% +0.14
LIN Linde PLC Add +11.3% 0.57% +0.14
ISRG Intuitive Surgical Inc. Add +112.4% 0.26% +0.14
TMO Thermo Fisher Scientific Inc. Add +11.3% 1.05% +0.14
MRSH Marsh & McLennan Cos Add +132.8% 0.21% +0.14
WM Waste Management Inc. Add +6.2% 0.57% +0.14
ROP Roper Technologies Inc. Add +209.6% 0.18% +0.13
PLD Prologis Inc. Add +4.2% 0.71% +0.12
TIGO Millicom Intl Cellular S.A. New 0.11% +0.11
CSCO Cisco Systems Inc. Add +7.0% 0.62% +0.11
CCK Crown Holdings Inc. Add +114.7% 0.18% +0.11
AZN Astrazeneca PLC-Spons ADR Add +19.2% 0.33% +0.10
ELV Elevance Health Inc. Add +74.5% 0.18% +0.10
AMGN Amgen Inc. Add +19.3% 0.28% +0.10
RMD Resmed Inc. Add +445.1% 0.12% +0.10
LKQ LKQ Corp. Add +249.8% 0.13% +0.10
DECK Deckers Outdoor Corp. Add +1038.9% 0.11% +0.10
PWR Quanta Services Inc. Add +50.5% 0.41% +0.10
CL Colgate-Palmolive Co. Add +15.0% 0.41% +0.09
XYL Xylem Inc. Add +4.1% 0.61% +0.08
TT Trane Technologies PLC Add +29.2% 0.39% +0.08
GL Globe Life Inc. Add +77.0% 0.15% +0.08
KLAC KLA Corp. Add +0.3% 0.55% +0.08
GILD Gilead Sciences Inc. Add +0.8% 0.32% +0.08
BKNG Booking Holdings Inc. Add +50.9% 0.22% +0.07
PH Parker Hannifin Corp. Add +54.4% 0.20% +0.07
VICI Vici Properties Inc. Add +816.8% 0.08% +0.07
SPGI S&P Global Inc. Add +2.0% 0.63% +0.07
CRWD CrowdStrike Holdings Inc. Class A Add +156.9% 0.10% +0.07
NBIX Neurocrine Biosciences Inc. Add +5078.9% 0.06% +0.06
MANH Manhattan Associates Inc. Add +116.8% 0.18% +0.06
AXS Axis Capital Holdings Ltd. Add +113.0% 0.10% +0.06
HD Home Depot Inc. Add +10.9% 0.53% +0.06
OKTA Okta Inc. Add +483.1% 0.07% +0.06
BIRK Birkenstock Holding PLC New 0.06% +0.06
PLTR Palantir Technologies Inc. Class A Add +109.2% 0.10% +0.06
SSNC Ss&c Technologies Holdings Add +13.4% 0.22% +0.06
SCI Service Corp. International Add +10.2% 0.35% +0.06
ULTA Ulta Beauty Inc. Add +46.0% 0.23% +0.06
VEEV Veeva Systems Inc. Class A Add +0.1% 0.32% +0.05
CVS CVS Health Corp. Add +1.0% 0.13% +0.05
AVNT Avient Corp. New 0.05% +0.05
ZTS Zoetis Inc. Add +3.2% 0.43% +0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 696$116.0BNVDA, AAPL, MSFT, AVGO, AMZN
Q1 2026 684$95.1BNVDA, MSFT, AAPL, AVGO, AMZN
Q4 2025Amended 681$103.4BNVDA, MSFT, AAPL, AVGO, AMZN
Q3 2025 669$98.7BNVDA, MSFT, AAPL, AVGO, AMZN
Q2 2025 668$89.0BMSFT, NVDA, AAPL, AVGO, AMZN
Q1 2025 693$75.1BMSFT, NVDA, AAPL, AMZN, AVGO
Q4 2024 692$81.3BMSFT, NVDA, AAPL, AVGO, AMZN
Q3 2024Amended 687$78.5BMSFT, NVDA, AAPL, AVGO, AMZN
Q2 2024 697$74.8BMSFT, NVDA, AAPL, AVGO, AMZN
Q1 2024Amended 707$70.8BMSFT, NVDA, AAPL, AVGO, AMZN