Swedbank AB
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 10, 2025), Swedbank AB reported 668 stock positions worth $89.0 billion. Its top holding was Microsoft (MSFT) at 7.7% of the portfolio, followed by Nvidia (NVDA, 7.7%) and Apple (AAPL, 4.4%). Compared with Q1 2025, it opened 10 new positions, sold out of 36, added to 378 and reduced 184. The biggest buy was Nvidia (NVDA, shares +4%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0000946431
- Portfolio Value
- $89.0B (Q2 2025)
- SEC Filing
- 0000946431-25-000008 ↗ filed Jul 10, 2025
Holdings Value
Holdings 668 stocks · $89.0B
| MSFT Microsoft Corp. | 7.74% | 13,850,766 | $6.9B | Add +1.6% |
| NVDA Nvidia Corp. | 7.68% | 43,234,092 | $6.8B | Add +4.3% |
| AAPL Apple Inc. | 4.39% | 19,044,661 | $3.9B | Reduce -0.7% |
| AVGO Broadcom Inc. | 4.36% | 14,066,696 | $3.9B | Add +0.7% |
| AMZN Amazon.com Inc. | 3.78% | 15,332,684 | $3.4B | Add +8.4% |
| META Meta Platforms Inc. Class A | 2.86% | 3,448,389 | $2.5B | Add +0.6% |
| GOOG Alphabet Inc. Class C | 2.19% | 11,007,251 | $2.0B | Add +15.6% |
| GOOGL Alphabet Inc. Class A | 1.89% | 9,560,375 | $1.7B | Add +8.2% |
| JPM JPMorgan Chase & Co. | 1.50% | 4,608,192 | $1.3B | Add +12.8% |
| MA Mastercard Inc. Class A | 1.28% | 2,020,661 | $1.1B | Add +24.2% |
| LLY Eli Lilly & Co. | 1.16% | 1,321,929 | $1.0B | Add +5.3% |
| V Visa Inc. Class A | 1.08% | 2,706,304 | $960.9M | Add +14.9% |
| C Citigroup Inc. | 1.04% | 10,906,386 | $928.4M | Add +14.8% |
| SPOT Spotify Technology SA | 0.99% | 1,148,459 | $881.3M | Add +19.7% |
| CRM Salesforce Inc. | 0.93% | 3,024,858 | $824.8M | Add +2.4% |
| ADI Analog Devices Inc. | 0.90% | 3,367,832 | $801.6M | Add +2.3% |
| ANET Arista Networks Inc. | 0.88% | 7,660,647 | $783.8M | Add +8.2% |
| NOW ServiceNow Inc. | 0.87% | 755,853 | $777.1M | Reduce -14.8% |
| AMAT Applied Materials Inc. | 0.78% | 3,768,551 | $689.9M | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.78% | 1,420,163 | $689.9M | Reduce -3.2% |
| TMO Thermo Fisher Scientific Inc. | 0.77% | 1,684,058 | $682.8M | Add +6.3% |
| ACN Accenture PLC Class A | 0.76% | 2,274,460 | $679.8M | Reduce -22.0% |
| SNPS Synopsys Inc. | 0.76% | 1,314,907 | $674.1M | Add +1.1% |
| KEYS Keysight Technologies Inc. | 0.73% | 3,976,719 | $651.6M | Reduce -4.6% |
| MRK Merck & Co. Inc. | 0.70% | 7,874,766 | $623.4M | Reduce -1.4% |
| CDNS Cadence Design SYS Inc. | 0.69% | 1,979,920 | $610.1M | Add +3.4% |
| CSCO Cisco Systems Inc. | 0.68% | 8,763,613 | $608.0M | Add +16.2% |
| COST Costco Wholesale Corp. | 0.65% | 582,390 | $576.5M | Add +19.5% |
| XYL Xylem Inc. | 0.64% | 4,366,932 | $564.9M | Add +13.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.62% | 11,589,972 | $548.4M | Reduce -10.4% |
| NFLX Netflix Inc. | 0.62% | 408,737 | $547.4M | Reduce -6.6% |
| PLD Prologis Inc. | 0.60% | 5,089,767 | $535.0M | Add +6.1% |
| SPGI S&P Global Inc. | 0.56% | 942,026 | $496.7M | Add +0.5% |
| LIN Linde PLC | 0.55% | 1,051,176 | $493.2M | Add +14.8% |
| APH Amphenol Corp. Class A | 0.55% | 4,933,209 | $487.2M | Add +3.9% |
| KLAC KLA Corp. | 0.55% | 541,730 | $485.2M | Reduce -11.5% |
| MSI Motorola Solutions Inc. | 0.53% | 1,118,430 | $470.3M | Add +3.6% |
| HD Home Depot Inc. | 0.50% | 1,212,868 | $444.7M | Add +12.1% |
| RPRX Royalty Pharma PLC Class A | 0.49% | 12,157,470 | $438.0M | No change |
| TT Trane Technologies PLC | 0.49% | 998,681 | $436.8M | Add +15.3% |
| MCK McKesson Corp. | 0.49% | 595,315 | $436.2M | Reduce -6.9% |
| ICE Intercontinental Exchange Inc. | 0.49% | 2,358,355 | $432.7M | Add +8.2% |
| WM Waste Management Inc. | 0.48% | 1,854,905 | $424.4M | Add +0.4% |
| COR Cencora Inc. | 0.47% | 1,399,926 | $419.8M | Reduce -5.8% |
| ECL Ecolab Inc. | 0.47% | 1,545,976 | $416.5M | Add +17.9% |
| UNH Unitedhealth Group Inc. | 0.46% | 1,310,047 | $408.7M | Reduce -25.5% |
| FTNT Fortinet Inc. | 0.45% | 3,824,384 | $404.3M | Reduce -0.5% |
| MU Micron Technology Inc. | 0.45% | 3,274,635 | $403.6M | Add +1.4% |
| AMD Advanced Micro Devices | 0.45% | 2,828,368 | $401.3M | Add +77.1% |
| EMR Emerson Electric Co. | 0.44% | 2,955,960 | $394.1M | Add +3.8% |
| ROP Roper Technologies Inc. | 0.43% | 675,513 | $382.9M | Add +201.6% |
| BSY Bentley Systems Inc. Class B | 0.43% | 7,089,901 | $382.6M | Reduce -0.4% |
| ORCL Oracle Corp. | 0.43% | 1,740,430 | $380.5M | Add +25.5% |
| PANW Palo Alto Networks Inc. | 0.42% | 1,831,684 | $374.8M | Add +16.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.41% | 1,614,728 | $365.7M | Add +10.0% |
| CL Colgate-Palmolive Co. | 0.40% | 3,951,970 | $359.2M | Add +20.2% |
| ABBV Abbvie Inc. | 0.40% | 1,922,679 | $356.9M | Reduce -0.7% |
| PWR Quanta Services Inc. | 0.37% | 864,897 | $327.0M | Reduce -27.8% |
| MELI MercadoLibre Inc. | 0.36% | 122,944 | $321.3M | Add +5.6% |
| MCD McDonald's Corp. | 0.36% | 1,090,484 | $318.6M | Add +0.0% |
| ADBE Adobe Inc. | 0.35% | 809,985 | $313.4M | Add +0.2% |
| JNJ Johnson & Johnson | 0.34% | 2,008,649 | $306.8M | Reduce -4.1% |
| LRCX Lam Research Corp. | 0.34% | 3,142,714 | $305.9M | Reduce -2.8% |
| ETN Eaton Corp. PLC | 0.34% | 852,366 | $304.3M | Add +28.8% |
| BSX Boston Scientific Corp. | 0.34% | 2,819,249 | $302.8M | Add +114.5% |
| VEEV Veeva Systems Inc. Class A | 0.34% | 1,038,617 | $299.1M | Add +0.7% |
| VZ Verizon Communications Inc. | 0.33% | 6,830,479 | $295.6M | Add +59.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 978,121 | $288.3M | Add +0.1% |
| ISRG Intuitive Surgical Inc. | 0.32% | 528,414 | $287.1M | Add +34.7% |
| AZN Astrazeneca PLC-Spons ADR | 0.32% | 4,077,554 | $284.9M | Add +20.8% |
| SSNC Ss&c Technologies Holdings | 0.32% | 3,419,654 | $283.1M | Add +72.0% |
| WMT Walmart Inc. | 0.32% | 2,871,682 | $280.8M | Reduce -38.9% |
| FISV Fiserv Inc. | 0.31% | 1,588,747 | $273.9M | Add +366.0% |
| MRVL Marvell Technology Inc. | 0.31% | 3,515,428 | $272.1M | Add +55.2% |
| ALV Autoliv Inc. | 0.30% | 2,397,735 | $268.3M | Add +26.3% |
| GILD Gilead Sciences Inc. | 0.30% | 2,403,630 | $266.5M | Add +13.4% |
| PINS Pinterest Inc. Class A | 0.30% | 7,430,885 | $266.5M | Add +27.3% |
| GS Goldman Sachs Group Inc. | 0.29% | 367,461 | $260.1M | Reduce -0.3% |
| SNOW Snowflake Inc. | 0.29% | 1,144,549 | $256.1M | Add +1.2% |
| ULTA Ulta Beauty Inc. | 0.29% | 545,050 | $255.0M | Add +17.4% |
| MET Metlife Inc. | 0.29% | 3,161,390 | $254.2M | Add +11.6% |
| PG The Procter & Gamble Co. | 0.28% | 1,557,492 | $248.1M | Add +5.9% |
| SCI Service Corp. International | 0.27% | 2,975,020 | $242.2M | Reduce -8.5% |
| PGR Progressive Corp. | 0.27% | 904,314 | $241.3M | Add +6.4% |
| QCOM Qualcomm Inc. | 0.27% | 1,514,620 | $241.2M | Add +12.2% |
| JLL Jones Lang Lasalle Inc. | 0.27% | 938,149 | $240.0M | Add +115.0% |
| MANH Manhattan Associates Inc. | 0.27% | 1,199,969 | $237.0M | Add +50.0% |
| ZTS Zoetis Inc. | 0.27% | 1,519,290 | $236.9M | Reduce -23.1% |
| ABT Abbott Laboratories | 0.25% | 1,614,322 | $219.6M | Reduce -0.9% |
| EQIX Equinix Inc. | 0.25% | 274,985 | $218.7M | Add +2.3% |
| AMGN Amgen Inc. | 0.24% | 768,882 | $214.7M | Add +14.2% |
| EA Electronic Arts Inc. | 0.24% | 1,329,676 | $212.3M | Add +0.4% |
| INTC Intel Corp. | 0.24% | 9,467,128 | $212.1M | Add +5.0% |
| BKNG Booking Holdings Inc. | 0.23% | 35,257 | $204.1M | Reduce -0.6% |
| MRSH Marsh & McLennan Cos | 0.22% | 896,659 | $196.0M | Add +37.6% |
| DHR Danaher Corp. | 0.22% | 985,681 | $194.7M | Reduce -2.3% |
| TYL Tyler Technologies Inc. | 0.21% | 312,450 | $185.2M | Reduce -13.8% |
| CYBR Cyberark Software Ltd./Israel | 0.20% | 446,900 | $181.8M | Add +0.1% |
| PH Parker Hannifin Corp. | 0.20% | 250,550 | $175.0M | Add +2.7% |
| CRDO Credo Technology Group Holdi | 0.20% | 1,874,000 | $173.5M | Reduce -41.8% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.7% | 4.39% | −1.28 |
| UNH Unitedhealth Group Inc. | Reduce -25.5% | 0.46% | −0.77 |
| ACN Accenture PLC Class A | Reduce -22.0% | 0.76% | −0.45 |
| DIS The Walt Disney Co. | Reduce -76.3% | 0.11% | −0.33 |
| PEP Pepsico Inc. | Reduce -61.3% | 0.11% | −0.28 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.2% | 0.78% | −0.27 |
| MRK Merck & Co. Inc. | Reduce -1.4% | 0.70% | −0.25 |
| WMT Walmart Inc. | Reduce -38.9% | 0.32% | −0.23 |
| CI The Cigna Group | Reduce -42.8% | 0.19% | −0.20 |
| ZTS Zoetis Inc. | Reduce -23.1% | 0.27% | −0.17 |
| ABBV Abbvie Inc. | Reduce -0.7% | 0.40% | −0.14 |
| ENPH Enphase Energy Inc. | Reduce -72.3% | 0.02% | −0.12 |
| JNJ Johnson & Johnson | Reduce -4.1% | 0.34% | −0.12 |
| BAC Bank of America Corp. | Reduce -10.4% | 0.62% | −0.10 |
| KEYS Keysight Technologies Inc. | Reduce -4.6% | 0.73% | −0.10 |
| BMY Bristol-Myers Squibb Co. | Reduce -4.0% | 0.15% | −0.10 |
| ENTG Entegris Inc. | Reduce -29.6% | 0.10% | −0.08 |
| MCK McKesson Corp. | Reduce -6.9% | 0.49% | −0.08 |
| COO The Cooper Cos Inc. | Reduce -23.3% | 0.10% | −0.08 |
| COR Cencora Inc. | Reduce -5.8% | 0.47% | −0.08 |
| HASI Ha Sustainable Infrastructur | Reduce -51.1% | 0.05% | −0.08 |
| SCI Service Corp. International | Reduce -8.5% | 0.27% | −0.07 |
| TSLA Tesla Inc. | Reduce -30.2% | 0.19% | −0.07 |
| AIG American International Group | Reduce -23.2% | 0.13% | −0.07 |
| TYL Tyler Technologies Inc. | Reduce -13.8% | 0.21% | −0.07 |
| WMS Advanced Drainage Systems Inc. | Reduce -48.4% | 0.06% | −0.07 |
| NOW ServiceNow Inc. | Reduce -14.8% | 0.87% | −0.07 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -12.3% | 0.13% | −0.06 |
| DHR Danaher Corp. | Reduce -2.3% | 0.22% | −0.06 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -2.5% | 0.13% | −0.05 |
| TJX TJX Companies Inc. | Reduce -12.0% | 0.16% | −0.05 |
| NVT Nvent Electric PLC | Sold out | 0.00% | −0.05 |
| ABT Abbott Laboratories | Reduce -0.9% | 0.25% | −0.04 |
| FTNT Fortinet Inc. | Reduce -0.5% | 0.45% | −0.04 |
| PWR Quanta Services Inc. | Reduce -27.8% | 0.37% | −0.04 |
| DELL Dell Technologies -C | Reduce -36.3% | 0.10% | −0.04 |
| CVX Chevron Corp. | Reduce -0.3% | 0.08% | −0.03 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.03 |
| AVNT Avient Corp. | Reduce -39.3% | 0.02% | −0.03 |
| L Loews Corp. | Reduce -27.4% | 0.04% | −0.03 |
| APG Api Group Corp. | Reduce -37.2% | 0.07% | −0.02 |
| WSC Willscot Holdings Corp. | Reduce -48.0% | 0.02% | −0.02 |
| IPG Interpublic Group of Cos Inc. | Reduce -94.4% | 0.00% | −0.02 |
| ARRY Array Technologies Inc. | Reduce -86.7% | 0.00% | −0.02 |
| BBY Best Buy Co. Inc. | Reduce -30.1% | 0.03% | −0.02 |
| MSCI MSCI Inc. | Reduce -4.2% | 0.10% | −0.02 |
| S Sentinelone Inc. Class A | Reduce -14.7% | 0.06% | −0.02 |
| IBP Installed Building Products | Reduce -15.4% | 0.06% | −0.02 |
| MGRC McGrath Rentcorp | Reduce -62.5% | 0.01% | −0.02 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +4.3% | 7.68% | +1.70 |
| AVGO Broadcom Inc. | Add +0.7% | 4.36% | +1.25 |
| MSFT Microsoft Corp. | Add +1.6% | 7.74% | +0.93 |
| SPOT Spotify Technology SA | Add +19.7% | 0.99% | +0.29 |
| ROP Roper Technologies Inc. | Add +201.6% | 0.43% | +0.25 |
| AMD Advanced Micro Devices | Add +77.1% | 0.45% | +0.23 |
| META Meta Platforms Inc. Class A | Add +0.6% | 2.86% | +0.23 |
| GOOG Alphabet Inc. Class C | Add +15.6% | 2.19% | +0.21 |
| FISV Fiserv Inc. | Add +366.0% | 0.31% | +0.21 |
| AMZN Amazon.com Inc. | Add +8.4% | 3.78% | +0.20 |
| ORCL Oracle Corp. | Add +25.5% | 0.43% | +0.17 |
| JPM JPMorgan Chase & Co. | Add +12.8% | 1.50% | +0.17 |
| BSX Boston Scientific Corp. | Add +114.5% | 0.34% | +0.16 |
| ANET Arista Networks Inc. | Add +8.2% | 0.88% | +0.15 |
| C Citigroup Inc. | Add +14.8% | 1.04% | +0.15 |
| APH Amphenol Corp. Class A | Add +3.9% | 0.55% | +0.13 |
| JLL Jones Lang Lasalle Inc. | Add +115.0% | 0.27% | +0.13 |
| MRVL Marvell Technology Inc. | Add +55.2% | 0.31% | +0.12 |
| TEAM Atlassian Corp. Class A | Add +752.9% | 0.13% | +0.11 |
| ETN Eaton Corp. PLC | Add +28.8% | 0.34% | +0.10 |
| TT Trane Technologies PLC | Add +15.3% | 0.49% | +0.10 |
| SSNC Ss&c Technologies Holdings | Add +72.0% | 0.32% | +0.10 |
| VICI Vici Properties Inc. | Add +156.1% | 0.17% | +0.09 |
| MA Mastercard Inc. Class A | Add +24.2% | 1.28% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | Add +10.0% | 0.41% | +0.09 |
| MANH Manhattan Associates Inc. | Add +50.0% | 0.27% | +0.08 |
| MU Micron Technology Inc. | Add +1.4% | 0.45% | +0.08 |
| ALV Autoliv Inc. | Add +26.3% | 0.30% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +8.2% | 1.89% | +0.07 |
| VZ Verizon Communications Inc. | Add +59.2% | 0.33% | +0.07 |
| IR Ingersoll-Rand Inc. | Add +421.4% | 0.09% | +0.07 |
| SNOW Snowflake Inc. | Add +1.2% | 0.29% | +0.07 |
| PANW Palo Alto Networks Inc. | Add +16.7% | 0.42% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +34.7% | 0.32% | +0.06 |
| CSCO Cisco Systems Inc. | Add +16.2% | 0.68% | +0.06 |
| ULTA Ulta Beauty Inc. | Add +17.4% | 0.29% | +0.06 |
| MELI MercadoLibre Inc. | Add +5.6% | 0.36% | +0.06 |
| PINS Pinterest Inc. Class A | Add +27.3% | 0.30% | +0.06 |
| ILMN Illumina Inc. | Add +2119.3% | 0.06% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +13.4% | 0.15% | +0.05 |
| AMAT Applied Materials Inc. | Add +0.6% | 0.78% | +0.05 |
| COF Capital One Financial Corp. | Add +311.1% | 0.07% | +0.05 |
| CFG Citizens Financial Group | Add +291.5% | 0.07% | +0.05 |
| VRT Vertiv Holdings Co. Class A | Add +7.8% | 0.12% | +0.05 |
| CVS CVS Health Corp. | Add +57.9% | 0.17% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +12.4% | 0.14% | +0.04 |
| CDNS Cadence Design SYS Inc. | Add +3.4% | 0.69% | +0.04 |
| MDB Mongodb Inc. | Add +23.8% | 0.18% | +0.04 |
| COST Costco Wholesale Corp. | Add +19.5% | 0.65% | +0.03 |
| CEG Constellation Energy | Add +3.1% | 0.12% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 696 | $116.0B | NVDA, AAPL, MSFT, AVGO, AMZN |
| Q1 2026 | 684 | $95.1B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q4 2025Amended | 681 | $103.4B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q3 2025 | 669 | $98.7B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q2 2025 | 668 | $89.0B | MSFT, NVDA, AAPL, AVGO, AMZN |
| Q1 2025 | 693 | $75.1B | MSFT, NVDA, AAPL, AMZN, AVGO |
| Q4 2024 | 692 | $81.3B | MSFT, NVDA, AAPL, AVGO, AMZN |
| Q3 2024Amended | 687 | $78.5B | MSFT, NVDA, AAPL, AVGO, AMZN |
| Q2 2024 | 697 | $74.8B | MSFT, NVDA, AAPL, AVGO, AMZN |
| Q1 2024Amended | 707 | $70.8B | MSFT, NVDA, AAPL, AVGO, AMZN |