Swedbank AB
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Swedbank AB reported 681 stock positions worth $103.4 billion. Its top holding was Nvidia (NVDA) at 7.7% of the portfolio, followed by Microsoft (MSFT, 6.9%) and Apple (AAPL, 4.7%). Compared with Q3 2025, it opened 30 new positions, sold out of 19, added to 325 and reduced 210. The biggest buy was Eli Lilly (LLY, shares +7%) and the biggest sale Nvidia (NVDA, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKHOLM, V7
- CIK
- 0000946431
- Portfolio Value
- $103.4B (Q4 2025)
- SEC Filing
- 0000946431-26-000003 ↗ filed Feb 9, 2026
Holdings Value
Holdings 681 stocks · $103.4B
| NVDA Nvidia Corp. | 7.70% | 42,665,775 | $8.0B | Reduce -0.6% |
| MSFT Microsoft Corp. | 6.92% | 14,784,579 | $7.2B | Add +5.1% |
| AAPL Apple Inc. | 4.75% | 18,056,658 | $4.9B | Reduce -7.6% |
| AVGO Broadcom Inc. | 4.09% | 12,230,377 | $4.2B | Reduce -4.2% |
| AMZN Amazon.com Inc. | 3.49% | 15,617,728 | $3.6B | Reduce -3.9% |
| GOOG Alphabet Inc. Class C | 3.24% | 10,671,172 | $3.3B | Reduce -6.4% |
| GOOGL Alphabet Inc. Class A | 2.93% | 9,686,092 | $3.0B | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 2.18% | 3,411,382 | $2.3B | Reduce -2.0% |
| LLY Eli Lilly & Co. | 1.74% | 1,668,951 | $1.8B | Add +7.5% |
| JPM JPMorgan Chase & Co. | 1.47% | 4,725,326 | $1.5B | Reduce -2.3% |
| MA Mastercard Inc. Class A | 1.24% | 2,250,933 | $1.3B | Add +9.7% |
| C Citigroup Inc. | 1.17% | 10,333,971 | $1.2B | Reduce -4.7% |
| V Visa Inc. Class A | 1.01% | 2,983,080 | $1.0B | Add +0.7% |
| ADI Analog Devices Inc. | 0.99% | 3,763,347 | $1.0B | Add +4.0% |
| MU Micron Technology Inc. | 0.99% | 3,573,187 | $1.0B | Add +19.9% |
| PLD Prologis Inc. | 0.95% | 7,664,583 | $978.5M | Add +36.2% |
| TMO Thermo Fisher Scientific Inc. | 0.94% | 1,674,402 | $970.2M | Reduce -6.6% |
| ANET Arista Networks Inc. | 0.93% | 7,364,990 | $965.0M | Add +3.6% |
| SPOT Spotify Technology SA | 0.91% | 1,616,321 | $938.6M | Add +37.9% |
| KLAC KLA Corp. | 0.90% | 763,565 | $927.8M | Add +16.4% |
| MRK Merck & Co. Inc. | 0.78% | 7,651,671 | $805.4M | Reduce -8.3% |
| AMAT Applied Materials Inc. | 0.74% | 2,963,918 | $761.7M | Reduce -11.8% |
| XYL Xylem Inc. | 0.73% | 5,507,966 | $750.1M | Add +6.0% |
| MCK McKesson Corp. | 0.70% | 886,283 | $727.0M | Add +42.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.70% | 1,434,349 | $721.0M | Reduce -3.2% |
| NFLX Netflix Inc. | 0.69% | 7,646,408 | $716.9M | Add +97.1% |
| CSCO Cisco Systems Inc. | 0.67% | 8,958,768 | $690.1M | Reduce -1.6% |
| ORCL Oracle Corp. | 0.66% | 3,511,591 | $684.4M | Add +27.9% |
| LRCX Lam Research Corp. | 0.66% | 3,983,958 | $682.0M | Add +22.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.63% | 11,840,325 | $651.2M | Add +2.0% |
| CDNS Cadence Design SYS Inc. | 0.61% | 2,010,838 | $628.5M | Add +2.6% |
| SPGI S&P Global Inc. | 0.58% | 1,154,841 | $603.5M | Add +25.3% |
| INTU Intuit Inc. | 0.57% | 886,427 | $587.2M | Add +0.6% |
| ICE Intercontinental Exchange Inc. | 0.55% | 3,527,115 | $571.3M | Add +43.3% |
| MSI Motorola Solutions Inc. | 0.55% | 1,490,010 | $571.2M | Add +10.7% |
| HD Home Depot Inc. | 0.55% | 1,657,334 | $570.3M | Add +28.1% |
| APH Amphenol Corp. Class A | 0.55% | 4,174,490 | $564.1M | Reduce -9.5% |
| CRM Salesforce Inc. | 0.54% | 2,099,981 | $556.3M | Reduce -19.1% |
| COST Costco Wholesale Corp. | 0.54% | 642,041 | $553.7M | Add +1.4% |
| NOW ServiceNow Inc. | 0.51% | 3,415,650 | $523.2M | Reduce -14.6% |
| AMD Advanced Micro Devices | 0.50% | 2,433,472 | $521.2M | Add +79.7% |
| PANW Palo Alto Networks Inc. | 0.50% | 2,820,955 | $519.6M | Add +17.9% |
| ROP Roper Technologies Inc. | 0.49% | 1,132,849 | $504.3M | Add +6.5% |
| SNPS Synopsys Inc. | 0.49% | 1,073,166 | $504.1M | Reduce -28.6% |
| LIN Linde PLC | 0.47% | 1,144,802 | $488.1M | Add +1.8% |
| ISRG Intuitive Surgical Inc. | 0.46% | 841,882 | $476.8M | Add +15.1% |
| JNJ Johnson & Johnson | 0.46% | 2,295,129 | $475.0M | Add +5.4% |
| RPRX Royalty Pharma PLC Class A | 0.45% | 11,942,143 | $461.4M | Reduce -2.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.44% | 1,482,023 | $450.4M | Add +0.2% |
| WM Waste Management Inc. | 0.43% | 2,044,685 | $449.2M | Add +4.6% |
| ABBV Abbvie Inc. | 0.43% | 1,952,479 | $446.1M | Reduce -0.6% |
| TT Trane Technologies PLC | 0.43% | 1,135,205 | $441.8M | Add +3.6% |
| ECL Ecolab Inc. | 0.41% | 1,628,340 | $427.5M | Reduce -2.0% |
| ACN Accenture PLC Class A | 0.40% | 1,551,295 | $416.2M | Reduce -19.1% |
| EMR Emerson Electric Co. | 0.40% | 3,110,797 | $412.9M | Add +5.0% |
| PLTR Palantir Technologies Inc. Class A | 0.36% | 2,089,646 | $371.4M | Add +119.5% |
| UNH Unitedhealth Group Inc. | 0.36% | 1,121,006 | $370.1M | Add +0.7% |
| AZN Astrazeneca PLC-Spons ADR | 0.35% | 3,989,339 | $366.7M | Reduce -8.6% |
| ALV Autoliv Inc. | 0.34% | 2,976,700 | $353.3M | Add +14.4% |
| ZTS Zoetis Inc. | 0.33% | 2,734,590 | $344.1M | Add +12.2% |
| MCD McDonald's Corp. | 0.33% | 1,104,511 | $337.6M | Add +1.0% |
| ULTA Ulta Beauty Inc. | 0.33% | 557,271 | $337.2M | Reduce -4.2% |
| JLL Jones Lang Lasalle Inc. | 0.32% | 993,742 | $334.4M | Add +0.5% |
| MELI MercadoLibre Inc. | 0.32% | 165,884 | $334.1M | Add +20.6% |
| CL Colgate-Palmolive Co. | 0.32% | 4,180,415 | $330.3M | Reduce -3.4% |
| GS Goldman Sachs Group Inc. | 0.32% | 374,520 | $329.2M | Add +1.3% |
| BSY Bentley Systems Inc. Class B | 0.32% | 8,589,201 | $327.8M | Add +18.5% |
| SSNC Ss&c Technologies Holdings | 0.32% | 3,744,599 | $327.4M | Add +0.9% |
| BSX Boston Scientific Corp. | 0.32% | 3,429,844 | $327.0M | Add +21.7% |
| KEYS Keysight Technologies Inc. | 0.32% | 1,603,291 | $325.8M | Reduce -48.4% |
| GILD Gilead Sciences Inc. | 0.30% | 2,505,240 | $307.5M | Add +1.8% |
| IR Ingersoll-Rand Inc. | 0.30% | 3,878,349 | $307.2M | Add +72.4% |
| WMT Walmart Inc. | 0.30% | 2,756,043 | $307.1M | Reduce -4.7% |
| MDB Mongodb Inc. | 0.30% | 729,724 | $306.3M | Reduce -0.2% |
| PH Parker Hannifin Corp. | 0.29% | 346,522 | $304.6M | Add +32.2% |
| CRDO Credo Technology Group Holdi | 0.29% | 2,062,779 | $296.8M | Add +47.1% |
| VZ Verizon Communications Inc. | 0.28% | 7,204,230 | $293.4M | Add +4.9% |
| PWR Quanta Services Inc. | 0.28% | 693,490 | $292.7M | Add +0.1% |
| SNOW Snowflake Inc. | 0.28% | 1,330,415 | $291.8M | Add +6.0% |
| SCI Service Corp. International | 0.28% | 3,693,704 | $288.0M | Reduce -3.4% |
| ADBE Adobe Inc. | 0.27% | 809,241 | $283.2M | Add +2.8% |
| FTNT Fortinet Inc. | 0.27% | 3,564,910 | $283.1M | Reduce -20.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 951,083 | $281.7M | Reduce -3.0% |
| ALL Allstate Corp. | 0.26% | 1,309,247 | $272.5M | Add +51.9% |
| TSLA Tesla Inc. | 0.26% | 591,580 | $266.0M | Add +7.0% |
| RMD Resmed Inc. | 0.26% | 1,102,476 | $265.6M | Add +103.1% |
| MRVL Marvell Technology Inc. | 0.26% | 3,103,735 | $263.8M | Reduce -18.4% |
| QCOM Qualcomm Inc. | 0.25% | 1,533,420 | $262.3M | Add +1.5% |
| CCK Crown Holdings Inc. | 0.25% | 2,541,183 | $261.7M | Add +1.9% |
| VEEV Veeva Systems Inc. Class A | 0.25% | 1,146,157 | $255.9M | Add +4.9% |
| EA Electronic Arts Inc. | 0.24% | 1,223,447 | $250.0M | Reduce -9.1% |
| INTC Intel Corp. | 0.24% | 6,703,024 | $247.3M | Reduce -14.9% |
| PG The Procter & Gamble Co. | 0.24% | 1,708,171 | $244.8M | Add +5.9% |
| ETN Eaton Corp. PLC | 0.23% | 737,484 | $234.9M | Reduce -9.0% |
| DHR Danaher Corp. | 0.22% | 1,009,051 | $231.0M | Add +4.4% |
| COR Cencora Inc. | 0.22% | 672,545 | $227.2M | Reduce -51.9% |
| MANH Manhattan Associates Inc. | 0.20% | 1,200,000 | $208.0M | Add +0.0% |
| TEAM Atlassian Corp. Class A | 0.20% | 1,272,976 | $206.4M | Reduce -7.3% |
| MRSH Marsh & McLennan Cos | 0.20% | 1,105,862 | $205.2M | Add +1.2% |
| BKNG Booking Holdings Inc. | 0.19% | 37,044 | $198.4M | Add +4.8% |
Portfolio Sells Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Reduce -0.6% | 7.70% | −0.42 |
| META Meta Platforms Inc. Class A | Reduce -2.0% | 2.18% | −0.41 |
| AAPL Apple Inc. | Reduce -7.6% | 4.75% | −0.29 |
| SNPS Synopsys Inc. | Reduce -28.6% | 0.49% | −0.26 |
| NOW ServiceNow Inc. | Reduce -14.6% | 0.51% | −0.24 |
| KEYS Keysight Technologies Inc. | Reduce -48.4% | 0.32% | −0.24 |
| COR Cencora Inc. | Reduce -51.9% | 0.22% | −0.22 |
| PINS Pinterest Inc. Class A | Reduce -51.6% | 0.10% | −0.17 |
| AVGO Broadcom Inc. | Reduce -4.2% | 4.09% | −0.17 |
| FISV Fiserv Inc. | Reduce -38.0% | 0.07% | −0.17 |
| AMZN Amazon.com Inc. | Reduce -3.9% | 3.49% | −0.13 |
| GWW WW Grainger Inc. | Reduce -81.9% | 0.03% | −0.13 |
| FTNT Fortinet Inc. | Reduce -20.4% | 0.27% | −0.11 |
| MET Metlife Inc. | Reduce -28.1% | 0.18% | −0.09 |
| CRM Salesforce Inc. | Reduce -19.1% | 0.54% | −0.09 |
| ETN Eaton Corp. PLC | Reduce -9.0% | 0.23% | −0.08 |
| ACN Accenture PLC Class A | Reduce -19.1% | 0.40% | −0.08 |
| JPM JPMorgan Chase & Co. | Reduce -2.3% | 1.47% | −0.07 |
| MRVL Marvell Technology Inc. | Reduce -18.4% | 0.26% | −0.07 |
| DELL Dell Technologies -C | Reduce -68.2% | 0.03% | −0.07 |
| ABNB Airbnb Inc. Class A | Reduce -70.1% | 0.03% | −0.07 |
| CGNX Cognex Corp. | Sold out | 0.00% | −0.06 |
| RMBS Rambus Inc. | Reduce -19.8% | 0.12% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.2% | 0.70% | −0.06 |
| TYL Tyler Technologies Inc. | Reduce -15.9% | 0.12% | −0.05 |
| CAT Caterpillar Inc. | Reduce -38.2% | 0.12% | −0.05 |
| ECL Ecolab Inc. | Reduce -2.0% | 0.41% | −0.05 |
| ABT Abbott Laboratories | Reduce -15.0% | 0.15% | −0.05 |
| SCI Service Corp. International | Reduce -3.4% | 0.28% | −0.04 |
| CYBR Cyberark Software Ltd./Israel | Reduce -77.8% | 0.01% | −0.04 |
| VRT Vertiv Holdings Co. Class A | Reduce -47.4% | 0.05% | −0.04 |
| PNR Pentair PLC | Reduce -26.8% | 0.07% | −0.04 |
| SMR Nuscale Power Corp. | Reduce -21.4% | 0.02% | −0.04 |
| EA Electronic Arts Inc. | Reduce -9.1% | 0.24% | −0.03 |
| APH Amphenol Corp. Class A | Reduce -9.5% | 0.55% | −0.03 |
| CL Colgate-Palmolive Co. | Reduce -3.4% | 0.32% | −0.03 |
| ABBV Abbvie Inc. | Reduce -0.6% | 0.43% | −0.03 |
| INTC Intel Corp. | Reduce -14.9% | 0.24% | −0.03 |
| VLTO Veralto Corp. | Reduce -10.9% | 0.11% | −0.03 |
| DHI D.R. Horton Inc. | Reduce -2.4% | 0.10% | −0.03 |
| DE Deere & Co. | Reduce -15.7% | 0.11% | −0.02 |
| EQIX Equinix Inc. | Reduce -17.1% | 0.08% | −0.02 |
| AMT American Tower Corp. | Reduce -7.7% | 0.10% | −0.02 |
| TEAM Atlassian Corp. Class A | Reduce -7.3% | 0.20% | −0.02 |
| WMS Advanced Drainage Systems Inc. | Reduce -41.6% | 0.03% | −0.02 |
| POOL Pool Corp. | Reduce -27.0% | 0.02% | −0.02 |
| K Kellanova | Sold out | 0.00% | −0.02 |
| FCX Freeport-McMoran Inc. | Reduce -42.8% | 0.05% | −0.02 |
| MEDP Medpace Holdings Inc. | Reduce -62.1% | 0.01% | −0.02 |
| UBER Uber Technologies Inc. | Reduce -4.3% | 0.06% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +7.5% | 1.74% | +0.53 |
| MU Micron Technology Inc. | Add +19.9% | 0.99% | +0.48 |
| PLD Prologis Inc. | Add +36.2% | 0.95% | +0.29 |
| AMD Advanced Micro Devices | Add +79.7% | 0.50% | +0.28 |
| NFLX Netflix Inc. | Add +97.1% | 0.69% | +0.22 |
| LRCX Lam Research Corp. | Add +22.4% | 0.66% | +0.22 |
| MCK McKesson Corp. | Add +42.2% | 0.70% | +0.22 |
| PLTR Palantir Technologies Inc. Class A | Add +119.5% | 0.36% | +0.18 |
| KLAC KLA Corp. | Add +16.4% | 0.90% | +0.18 |
| ICE Intercontinental Exchange Inc. | Add +43.3% | 0.55% | +0.13 |
| ISRG Intuitive Surgical Inc. | Add +15.1% | 0.46% | +0.13 |
| SPGI S&P Global Inc. | Add +25.3% | 0.58% | +0.13 |
| IR Ingersoll-Rand Inc. | Add +72.4% | 0.30% | +0.11 |
| RMD Resmed Inc. | Add +103.1% | 0.26% | +0.11 |
| LYFT LYFT Inc. Class A | New | 0.10% | +0.10 |
| STX Seagate Technology Holdings | Add +828.5% | 0.11% | +0.10 |
| PH Parker Hannifin Corp. | Add +32.2% | 0.29% | +0.09 |
| ADI Analog Devices Inc. | Add +4.0% | 0.99% | +0.09 |
| PNC PNC Financial Services Group | Add +189.6% | 0.13% | +0.09 |
| SHAK Shake Shack Inc. Class A | New | 0.08% | +0.08 |
| CRDO Credo Technology Group Holdi | Add +47.1% | 0.29% | +0.08 |
| SPOT Spotify Technology SA | Add +37.9% | 0.91% | +0.08 |
| OKTA Okta Inc. | Add +124.3% | 0.15% | +0.08 |
| ALL Allstate Corp. | Add +51.9% | 0.26% | +0.08 |
| CTVA Corteva Inc. | Add +142.9% | 0.12% | +0.07 |
| AVAV Aerovironment Inc. | Add +22773.4% | 0.06% | +0.06 |
| GDDY GoDaddy Inc. Class A | Add +433.9% | 0.08% | +0.06 |
| MA Mastercard Inc. Class A | Add +9.7% | 1.24% | +0.06 |
| NVT Nvent Electric PLC | New | 0.06% | +0.06 |
| REGN Regeneron Pharmaceuticals | Add +9.8% | 0.17% | +0.05 |
| TECK Teck Resources Ltd.-CLS B | Add +45.9% | 0.15% | +0.05 |
| PSN Parsons Corp. | Add +654.7% | 0.06% | +0.05 |
| JNJ Johnson & Johnson | Add +5.4% | 0.46% | +0.05 |
| CW Curtiss-Wright Corp. | Add +21101.8% | 0.05% | +0.05 |
| COHR Coherent Corp. | New | 0.04% | +0.04 |
| ALGN Align Technology Inc. | Add +56.5% | 0.10% | +0.04 |
| HQY Healthequity Inc. | New | 0.04% | +0.04 |
| JAZZ Jazz Pharmaceuticals PLC | Add +2.7% | 0.18% | +0.04 |
| BSX Boston Scientific Corp. | Add +21.7% | 0.32% | +0.04 |
| RGLD Royal Gold Inc. | Add +33.9% | 0.12% | +0.04 |
| DG Dollar General Corp. | Add +133.7% | 0.05% | +0.03 |
| REZI Resideo Technologies Inc. | Add +121.5% | 0.08% | +0.03 |
| CMI Cummins Inc. | Add +46.8% | 0.07% | +0.03 |
| DHR Danaher Corp. | Add +4.4% | 0.22% | +0.03 |
| WFC Wells Fargo & Co. | Add +27.8% | 0.11% | +0.03 |
| ILMN Illumina Inc. | Add +0.1% | 0.10% | +0.03 |
| JLL Jones Lang Lasalle Inc. | Add +0.5% | 0.32% | +0.02 |
| BAC Bank of America Corp. | Add +2.0% | 0.63% | +0.02 |
| CIEN Ciena Corp. | New | 0.02% | +0.02 |
| A Agilent Technologies Inc. | Add +102.6% | 0.04% | +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 |