Swedbank AB
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Swedbank AB reported 669 stock positions worth $98.7 billion. Its top holding was Nvidia (NVDA) at 8.1% of the portfolio, followed by Microsoft (MSFT, 7.4%) and Apple (AAPL, 5.0%). Compared with Q2 2025, it opened 31 new positions, sold out of 30, added to 329 and reduced 183. The biggest buy was Apple (AAPL, shares +3%) and the biggest sale Salesforce (CRM, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0000946431
- Portfolio Value
- $98.7B (Q3 2025)
- SEC Filing
- 0000946431-25-000012 ↗ filed Oct 15, 2025
Holdings Value
Holdings 669 stocks · $98.7B
| NVDA Nvidia Corp. | 8.12% | 42,924,354 | $8.0B | Reduce -0.7% |
| MSFT Microsoft Corp. | 7.39% | 14,071,003 | $7.3B | Add +1.6% |
| AAPL Apple Inc. | 5.04% | 19,536,238 | $5.0B | Add +2.6% |
| AVGO Broadcom Inc. | 4.27% | 12,762,596 | $4.2B | Reduce -9.3% |
| AMZN Amazon.com Inc. | 3.62% | 16,248,047 | $3.6B | Add +6.0% |
| GOOG Alphabet Inc. Class C | 2.82% | 11,403,694 | $2.8B | Add +3.6% |
| META Meta Platforms Inc. Class A | 2.59% | 3,482,627 | $2.6B | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 2.39% | 9,712,901 | $2.4B | Add +1.6% |
| JPM JPMorgan Chase & Co. | 1.55% | 4,836,727 | $1.5B | Add +5.0% |
| LLY Eli Lilly & Co. | 1.20% | 1,553,263 | $1.2B | Add +17.5% |
| MA Mastercard Inc. Class A | 1.18% | 2,052,008 | $1.2B | Add +1.6% |
| C Citigroup Inc. | 1.12% | 10,844,763 | $1.1B | Reduce -0.6% |
| ANET Arista Networks Inc. | 1.05% | 7,106,423 | $1.0B | Reduce -7.2% |
| V Visa Inc. Class A | 1.03% | 2,963,901 | $1.0B | Add +9.5% |
| ADI Analog Devices Inc. | 0.90% | 3,617,195 | $888.7M | Add +7.4% |
| TMO Thermo Fisher Scientific Inc. | 0.88% | 1,792,373 | $869.3M | Add +6.4% |
| SPOT Spotify Technology SA | 0.83% | 1,172,159 | $818.2M | Add +2.1% |
| ORCL Oracle Corp. | 0.78% | 2,745,122 | $772.0M | Add +57.7% |
| XYL Xylem Inc. | 0.78% | 5,197,753 | $766.7M | Add +19.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.76% | 1,481,686 | $744.9M | Add +4.3% |
| SNPS Synopsys Inc. | 0.75% | 1,502,255 | $741.2M | Add +14.3% |
| NOW ServiceNow Inc. | 0.75% | 800,150 | $736.4M | Add +5.9% |
| KLAC KLA Corp. | 0.72% | 656,107 | $707.7M | Add +21.1% |
| MRK Merck & Co. Inc. | 0.71% | 8,344,126 | $700.3M | Add +6.0% |
| CDNS Cadence Design SYS Inc. | 0.70% | 1,959,444 | $688.3M | Reduce -1.0% |
| AMAT Applied Materials Inc. | 0.70% | 3,361,543 | $688.2M | Reduce -10.8% |
| PLD Prologis Inc. | 0.65% | 5,626,254 | $644.3M | Add +10.5% |
| CSCO Cisco Systems Inc. | 0.63% | 9,100,401 | $622.6M | Add +3.8% |
| CRM Salesforce Inc. | 0.62% | 2,596,779 | $615.4M | Reduce -14.2% |
| MSI Motorola Solutions Inc. | 0.62% | 1,345,492 | $615.3M | Add +20.3% |
| INTU Intuit Inc. | 0.61% | 881,555 | $602.0M | Add +575.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.61% | 11,602,902 | $598.6M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.59% | 632,841 | $585.8M | Add +8.7% |
| APH Amphenol Corp. Class A | 0.58% | 4,614,212 | $571.0M | Reduce -6.5% |
| KEYS Keysight Technologies Inc. | 0.55% | 3,104,797 | $543.1M | Reduce -21.9% |
| LIN Linde PLC | 0.54% | 1,125,020 | $534.4M | Add +7.0% |
| ROP Roper Technologies Inc. | 0.54% | 1,063,725 | $530.5M | Add +57.5% |
| HD Home Depot Inc. | 0.53% | 1,293,884 | $524.3M | Add +6.7% |
| MU Micron Technology Inc. | 0.51% | 2,981,322 | $498.8M | Reduce -9.0% |
| PANW Palo Alto Networks Inc. | 0.49% | 2,392,224 | $487.1M | Add +30.6% |
| MCK McKesson Corp. | 0.49% | 623,094 | $481.4M | Add +4.7% |
| ACN Accenture PLC Class A | 0.48% | 1,918,834 | $473.2M | Reduce -15.6% |
| NFLX Netflix Inc. | 0.47% | 388,004 | $465.2M | Reduce -5.1% |
| TT Trane Technologies PLC | 0.47% | 1,095,895 | $462.4M | Add +9.7% |
| ECL Ecolab Inc. | 0.46% | 1,661,320 | $455.0M | Add +7.5% |
| ABBV Abbvie Inc. | 0.46% | 1,963,460 | $454.6M | Add +2.1% |
| SPGI S&P Global Inc. | 0.45% | 921,626 | $448.6M | Reduce -2.2% |
| COR Cencora Inc. | 0.44% | 1,399,123 | $437.3M | Reduce -0.1% |
| LRCX Lam Research Corp. | 0.44% | 3,255,637 | $435.9M | Add +3.6% |
| WM Waste Management Inc. | 0.44% | 1,955,591 | $431.9M | Add +5.4% |
| RPRX Royalty Pharma PLC Class A | 0.44% | 12,200,270 | $430.4M | Add +0.3% |
| ICE Intercontinental Exchange Inc. | 0.42% | 2,462,148 | $414.8M | Add +4.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.42% | 1,479,338 | $413.2M | Reduce -8.4% |
| JNJ Johnson & Johnson | 0.41% | 2,177,506 | $403.8M | Add +8.4% |
| EMR Emerson Electric Co. | 0.39% | 2,961,519 | $388.5M | Add +0.2% |
| UNH Unitedhealth Group Inc. | 0.39% | 1,112,815 | $384.3M | Reduce -15.1% |
| FTNT Fortinet Inc. | 0.38% | 4,475,441 | $376.3M | Add +17.0% |
| BSY Bentley Systems Inc. Class B | 0.38% | 7,250,495 | $373.3M | Add +2.3% |
| ZTS Zoetis Inc. | 0.36% | 2,436,888 | $356.6M | Add +60.4% |
| CL Colgate-Palmolive Co. | 0.35% | 4,328,511 | $346.0M | Add +9.5% |
| AZN Astrazeneca PLC-Spons ADR | 0.34% | 4,364,458 | $334.8M | Add +7.0% |
| MCD McDonald's Corp. | 0.34% | 1,093,568 | $332.3M | Add +0.3% |
| SSNC Ss&c Technologies Holdings | 0.33% | 3,710,333 | $329.3M | Add +8.5% |
| ISRG Intuitive Surgical Inc. | 0.33% | 731,221 | $327.0M | Add +38.4% |
| VEEV Veeva Systems Inc. Class A | 0.33% | 1,092,175 | $325.4M | Add +5.2% |
| MELI MercadoLibre Inc. | 0.33% | 137,575 | $321.5M | Add +11.9% |
| ALV Autoliv Inc. | 0.33% | 2,601,246 | $321.3M | Add +8.5% |
| MRVL Marvell Technology Inc. | 0.32% | 3,805,547 | $319.9M | Add +8.3% |
| SCI Service Corp. International | 0.32% | 3,824,221 | $318.3M | Add +28.5% |
| ULTA Ulta Beauty Inc. | 0.32% | 581,506 | $317.9M | Add +6.7% |
| ETN Eaton Corp. PLC | 0.31% | 810,126 | $303.2M | Reduce -5.0% |
| VZ Verizon Communications Inc. | 0.31% | 6,865,063 | $301.7M | Add +0.5% |
| WMT Walmart Inc. | 0.30% | 2,890,873 | $297.9M | Add +0.7% |
| JLL Jones Lang Lasalle Inc. | 0.30% | 989,199 | $295.1M | Add +5.4% |
| GS Goldman Sachs Group Inc. | 0.30% | 369,631 | $294.4M | Add +0.6% |
| PWR Quanta Services Inc. | 0.29% | 693,031 | $287.2M | Reduce -19.9% |
| SNOW Snowflake Inc. | 0.29% | 1,254,996 | $283.1M | Add +9.7% |
| ADBE Adobe Inc. | 0.28% | 787,584 | $277.8M | Reduce -2.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 980,392 | $276.6M | Add +0.2% |
| BSX Boston Scientific Corp. | 0.28% | 2,818,677 | $275.2M | Reduce -0.0% |
| GILD Gilead Sciences Inc. | 0.28% | 2,462,035 | $273.3M | Add +2.4% |
| MET Metlife Inc. | 0.28% | 3,316,279 | $273.2M | Add +4.9% |
| PINS Pinterest Inc. Class A | 0.28% | 8,441,986 | $271.6M | Add +13.6% |
| EA Electronic Arts Inc. | 0.28% | 1,346,183 | $271.5M | Add +1.2% |
| INTC Intel Corp. | 0.27% | 7,878,430 | $264.3M | Reduce -16.8% |
| QCOM Qualcomm Inc. | 0.25% | 1,510,310 | $251.3M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.25% | 1,612,476 | $247.8M | Add +3.5% |
| TSLA Tesla Inc. | 0.25% | 553,153 | $246.0M | Add +1.9% |
| MANH Manhattan Associates Inc. | 0.25% | 1,199,969 | $246.0M | No change |
| CCK Crown Holdings Inc. | 0.24% | 2,493,570 | $240.9M | Add +60.8% |
| FISV Fiserv Inc. | 0.24% | 1,841,923 | $237.5M | Add +15.9% |
| MDB Mongodb Inc. | 0.23% | 731,464 | $227.0M | Reduce -4.0% |
| MRSH Marsh & McLennan Cos | 0.22% | 1,093,014 | $220.3M | Add +21.9% |
| TEAM Atlassian Corp. Class A | 0.22% | 1,372,976 | $219.3M | Add +139.6% |
| AMD Advanced Micro Devices | 0.22% | 1,354,274 | $219.1M | Reduce -52.1% |
| CRDO Credo Technology Group Holdi | 0.21% | 1,402,100 | $204.2M | Reduce -25.2% |
| PH Parker Hannifin Corp. | 0.20% | 262,075 | $198.7M | Add +4.6% |
| ABT Abbott Laboratories | 0.19% | 1,435,313 | $192.2M | Reduce -11.1% |
| DHR Danaher Corp. | 0.19% | 966,356 | $191.6M | Reduce -2.0% |
| BKNG Booking Holdings Inc. | 0.19% | 35,361 | $190.9M | Add +0.3% |
Portfolio Sells Q2 2025 → Q3 2025
| CRM Salesforce Inc. | Reduce -14.2% | 0.62% | −0.30 |
| ACN Accenture PLC Class A | Reduce -15.6% | 0.48% | −0.28 |
| AMD Advanced Micro Devices | Reduce -52.1% | 0.22% | −0.23 |
| KEYS Keysight Technologies Inc. | Reduce -21.9% | 0.55% | −0.18 |
| CYBR Cyberark Software Ltd./Israel | Reduce -75.6% | 0.05% | −0.15 |
| NFLX Netflix Inc. | Reduce -5.1% | 0.47% | −0.14 |
| EQIX Equinix Inc. | Reduce -50.3% | 0.11% | −0.14 |
| SPGI S&P Global Inc. | Reduce -2.2% | 0.45% | −0.10 |
| AMGN Amgen Inc. | Reduce -36.9% | 0.14% | −0.10 |
| PGR Progressive Corp. | Reduce -23.8% | 0.17% | −0.10 |
| ENTG Entegris Inc. | Reduce -91.7% | 0.01% | −0.09 |
| AVGO Broadcom Inc. | Reduce -9.3% | 4.27% | −0.09 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.08 |
| DECK Deckers Outdoor Corp. | Reduce -75.1% | 0.02% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -10.8% | 0.70% | −0.08 |
| PWR Quanta Services Inc. | Reduce -19.9% | 0.29% | −0.08 |
| ADBE Adobe Inc. | Reduce -2.8% | 0.28% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -15.1% | 0.39% | −0.07 |
| BSX Boston Scientific Corp. | Reduce -0.0% | 0.28% | −0.06 |
| FCX Freeport-McMoran Inc. | Reduce -34.4% | 0.07% | −0.06 |
| ELV Elevance Health Inc. | Reduce -12.6% | 0.10% | −0.05 |
| ABT Abbott Laboratories | Reduce -11.1% | 0.19% | −0.05 |
| LKQ LKQ Corp. | Reduce -10.1% | 0.10% | −0.05 |
| CNC Centene Corp. | Reduce -1.5% | 0.05% | −0.04 |
| BOH Bank of Hawaii Corp. | Sold out | 0.00% | −0.04 |
| ALGN Align Technology Inc. | Reduce -3.4% | 0.05% | −0.04 |
| HES Hess Corp. | Sold out | 0.00% | −0.04 |
| HOLX Hologic Inc. | Reduce -42.9% | 0.04% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -5.0% | 0.31% | −0.03 |
| VRT Vertiv Holdings Co. Class A | Reduce -30.9% | 0.09% | −0.03 |
| COO The Cooper Cos Inc. | Reduce -23.9% | 0.06% | −0.03 |
| GWW WW Grainger Inc. | Reduce -0.1% | 0.15% | −0.03 |
| DE Deere & Co. | Reduce -0.2% | 0.14% | −0.03 |
| AXON Axon Enterprise Inc. | Reduce -8.3% | 0.08% | −0.03 |
| ABNB Airbnb Inc. Class A | Reduce -8.3% | 0.10% | −0.03 |
| HCA HCA Healthcare Inc. | Reduce -29.0% | 0.08% | −0.03 |
| VLTO Veralto Corp. | Reduce -13.7% | 0.13% | −0.03 |
| COR Cencora Inc. | Reduce -0.1% | 0.44% | −0.03 |
| TTD Trade Desk Inc./the Class A | Reduce -40.8% | 0.02% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -0.1% | 0.10% | −0.03 |
| DHR Danaher Corp. | Reduce -2.0% | 0.19% | −0.02 |
| IBP Installed Building Products | Reduce -51.5% | 0.04% | −0.02 |
| MSCI MSCI Inc. | Reduce -14.1% | 0.08% | −0.02 |
| GPK Graphic Packaging Holding Co. | Sold out | 0.00% | −0.02 |
| AIG American International Group | Reduce -1.1% | 0.10% | −0.02 |
| AVNT Avient Corp. | Sold out | 0.00% | −0.02 |
| CAG Conagra Brands Inc. | Reduce -80.5% | 0.00% | −0.02 |
| SMR Nuscale Power Corp. | Reduce -12.5% | 0.05% | −0.02 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.02 |
| WSC Willscot Holdings Corp. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +2.6% | 5.04% | +0.65 |
| GOOG Alphabet Inc. Class C | Add +3.6% | 2.82% | +0.62 |
| GOOGL Alphabet Inc. Class A | Add +1.6% | 2.39% | +0.50 |
| INTU Intuit Inc. | Add +575.4% | 0.61% | +0.49 |
| ORCL Oracle Corp. | Add +57.7% | 0.78% | +0.35 |
| ALL Allstate Corp. | Add +2157.8% | 0.19% | +0.18 |
| KLAC KLA Corp. | Add +21.1% | 0.72% | +0.17 |
| XYL Xylem Inc. | Add +19.0% | 0.78% | +0.14 |
| TMO Thermo Fisher Scientific Inc. | Add +6.4% | 0.88% | +0.11 |
| ROP Roper Technologies Inc. | Add +57.5% | 0.54% | +0.11 |
| IR Ingersoll-Rand Inc. | Add +141.1% | 0.19% | +0.10 |
| LRCX Lam Research Corp. | Add +3.6% | 0.44% | +0.10 |
| MSI Motorola Solutions Inc. | Add +20.3% | 0.62% | +0.10 |
| ZTS Zoetis Inc. | Add +60.4% | 0.36% | +0.10 |
| TEAM Atlassian Corp. Class A | Add +139.6% | 0.22% | +0.09 |
| PANW Palo Alto Networks Inc. | Add +30.6% | 0.49% | +0.07 |
| APP AppLovin Corp. Class A | Add +0.3% | 0.14% | +0.07 |
| CCK Crown Holdings Inc. | Add +60.8% | 0.24% | +0.06 |
| JNJ Johnson & Johnson | Add +8.4% | 0.41% | +0.06 |
| ABBV Abbvie Inc. | Add +2.1% | 0.46% | +0.06 |
| TSLA Tesla Inc. | Add +1.9% | 0.25% | +0.06 |
| GE General Electric | Add +118.6% | 0.09% | +0.05 |
| PLD Prologis Inc. | Add +10.5% | 0.65% | +0.05 |
| SCI Service Corp. International | Add +28.5% | 0.32% | +0.05 |
| OPCH Option Care Health Inc. | New | 0.05% | +0.05 |
| REZI Resideo Technologies Inc. | New | 0.05% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +5.0% | 1.55% | +0.04 |
| LLY Eli Lilly & Co. | Add +17.5% | 1.20% | +0.04 |
| EA Electronic Arts Inc. | Add +1.2% | 0.28% | +0.04 |
| OXY Occidental Petroleum Corp. | New | 0.04% | +0.04 |
| ULTA Ulta Beauty Inc. | Add +6.7% | 0.32% | +0.04 |
| CFG Citizens Financial Group | Add +40.9% | 0.10% | +0.03 |
| HD Home Depot Inc. | Add +6.7% | 0.53% | +0.03 |
| AZO AutoZone Inc. | Add +22.4% | 0.14% | +0.03 |
| JLL Jones Lang Lasalle Inc. | Add +5.4% | 0.30% | +0.03 |
| PRIM Primoris Services Corp. | New | 0.03% | +0.03 |
| DHI D.R. Horton Inc. | Add +9.4% | 0.12% | +0.03 |
| RMD Resmed Inc. | Add +25.4% | 0.15% | +0.03 |
| ALV Autoliv Inc. | Add +8.5% | 0.33% | +0.02 |
| RGLD Royal Gold Inc. | Add +35.0% | 0.09% | +0.02 |
| ILMN Illumina Inc. | Add +57.6% | 0.08% | +0.02 |
| RKLB Rocket Lab Corp. | New | 0.02% | +0.02 |
| ECG Everus Construction Group | Add +66.7% | 0.04% | +0.02 |
| IESC Ies Holdings Inc. | Add +153.1% | 0.03% | +0.02 |
| OKTA Okta Inc. | Add +63.1% | 0.08% | +0.02 |
| AZN Astrazeneca PLC-Spons ADR | Add +7.0% | 0.34% | +0.02 |
| MRVL Marvell Technology Inc. | Add +8.3% | 0.32% | +0.02 |
| LW Lamb Weston Holdings Inc. | Add +49.5% | 0.05% | +0.02 |
| LPLA LPL Financial Holdings Inc. | Add +257.9% | 0.03% | +0.02 |
| TPR Tapestry Inc. | Add +0.0% | 0.13% | +0.02 |
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 |