Tredje AP-fonden
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Tredje AP-fonden reported 432 stock positions worth $10.7 billion. Its top holding was Microsoft (MSFT) at 7.2% of the portfolio, followed by Apple (AAPL, 7.0%) and Nvidia (NVDA, 5.6%). Compared with Q4 2024, it opened 8 new positions, sold out of 49, added to 88 and reduced 72. The biggest buy was a new position in Vanguard S&P 500 ETF (VOO) and the biggest sale Alphabet Class A (GOOGL, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- SE-111 91 STOCKHOLM, V7
- CIK
- 0001650290
- Portfolio Value
- $10.7B (Q1 2025)
- SEC Filing
- 0001650290-25-000003 ↗ filed May 8, 2025
Holdings Value
Holdings 432 stocks · $10.7B
| MSFT Microsoft Corp. | 7.21% | 2,056,535 | $772.0M | Add +8.6% |
| AAPL Apple Inc. | 6.97% | 3,361,359 | $746.7M | Add +10.7% |
| NVDA Nvidia Corp. | 5.63% | 5,567,408 | $603.4M | Add +5.7% |
| AMZN Amazon.com Inc. | 5.19% | 2,921,665 | $555.9M | Add +18.8% |
| META Meta Platforms Inc. Class A | 3.83% | 711,484 | $410.1M | Add +29.4% |
| JPM JPMorgan Chase & Co. | 2.33% | 1,015,040 | $249.0M | Add +24.0% |
| GOOGL Alphabet Inc. Class A | 2.18% | 1,510,385 | $233.6M | Reduce -21.4% |
| MA Mastercard Inc. Class A | 2.07% | 404,391 | $221.7M | Add +44.4% |
| LLY Eli Lilly & Co. | 1.98% | 256,573 | $211.9M | Add +6.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.70% | 341,545 | $181.9M | Add +9.7% |
| ABBV Abbvie Inc. | 1.48% | 754,138 | $158.0M | Add +0.6% |
| WFC Wells Fargo & Co. | 1.37% | 2,044,426 | $146.8M | Add +7.3% |
| PG The Procter & Gamble Co. | 1.28% | 805,045 | $137.2M | Add +12.9% |
| KO The Coca-Cola Co. | 1.28% | 1,914,603 | $137.1M | Add +11.9% |
| UNH Unitedhealth Group Inc. | 1.24% | 254,454 | $133.3M | Reduce -25.1% |
| ETN Eaton Corp. PLC | 1.20% | 474,124 | $128.9M | Add +152.9% |
| WMT Walmart Inc. | 1.20% | 1,467,809 | $128.9M | Reduce -27.3% |
| VOO Vanguard S&P 500 ETF | 1.14% | 237,025 | $121.8M | New |
| V Visa Inc. Class A | 1.14% | 346,858 | $121.6M | Reduce -13.0% |
| GOOG Alphabet Inc. Class C | 1.13% | 775,403 | $121.1M | Reduce -15.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.09% | 208,342 | $116.5M | Add +420.9% |
| CRM Salesforce Inc. | 0.94% | 374,219 | $100.4M | Reduce -12.4% |
| HD Home Depot Inc. | 0.93% | 271,739 | $99.6M | Reduce -3.6% |
| FLSP Franklin Systematic Style PR | 0.92% | 4,000,000 | $98.2M | No change |
| ABT Abbott Laboratories | 0.92% | 739,043 | $98.0M | Reduce -11.3% |
| LIN Linde PLC | 0.91% | 208,676 | $97.2M | Add +80.9% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.91% | 3,100,000 | $97.1M | No change |
| BKNG Booking Holdings Inc. | 0.89% | 20,594 | $94.9M | Reduce -19.4% |
| SWAN Amplify Blckswn Grow Trsry | 0.86% | 3,225,000 | $92.6M | No change |
| DE Deere & Co. | 0.85% | 194,282 | $91.2M | Reduce -20.8% |
| FIAX Nicholas Fixed Inc. Alt ETF | 0.85% | 4,936,785 | $91.1M | No change |
| ACN Accenture PLC Class A | 0.81% | 277,097 | $86.5M | Add +40.4% |
| MCK McKesson Corp. | 0.80% | 127,444 | $85.8M | Add +9.3% |
| MRK Merck & Co. Inc. | 0.77% | 922,794 | $82.8M | Add +14.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.77% | 498,730 | $82.8M | Reduce -44.5% |
| QCOM Qualcomm Inc. | 0.74% | 514,692 | $79.1M | Add +76.3% |
| SNPS Synopsys Inc. | 0.73% | 182,110 | $78.1M | Add +12.4% |
| FISV Fiserv Inc. | 0.71% | 346,680 | $76.6M | Reduce -10.9% |
| BSX Boston Scientific Corp. | 0.68% | 716,992 | $72.3M | Reduce -9.2% |
| TMO Thermo Fisher Scientific Inc. | 0.65% | 139,692 | $69.5M | Reduce -4.0% |
| UNP Union Pacific Corp. | 0.63% | 286,460 | $67.7M | Add +11.8% |
| TMUS T-Mobile US Inc. | 0.62% | 248,727 | $66.3M | Add +15.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.61% | 1,576,005 | $65.8M | Reduce -21.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.58% | 507,311 | $61.8M | Add +11.8% |
| GM General Motors Co. | 0.56% | 1,266,260 | $59.6M | Add +21.0% |
| WM Waste Management Inc. | 0.53% | 246,063 | $57.0M | Add +214.6% |
| PLD Prologis Inc. | 0.53% | 506,480 | $56.6M | Add +29.3% |
| MNST Monster Beverage Corp. | 0.51% | 940,312 | $55.0M | Add +254.9% |
| PANW Palo Alto Networks Inc. | 0.51% | 320,407 | $54.7M | Add +70.5% |
| AMD Advanced Micro Devices | 0.51% | 528,929 | $54.3M | Add +23.8% |
| KR Kroger Co. | 0.51% | 799,309 | $54.1M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.50% | 541,630 | $53.5M | Add +108.3% |
| DHI D.R. Horton Inc. | 0.48% | 403,000 | $51.2M | New |
| CB Chubb Ltd. | 0.46% | 163,070 | $49.2M | Add +18.1% |
| MRVL Marvell Technology Inc. | 0.46% | 794,160 | $48.9M | Add +892.7% |
| MET Metlife Inc. | 0.46% | 607,132 | $48.7M | Add +19.3% |
| NXPI NXP Semiconductors NV | 0.44% | 246,106 | $46.8M | Add +5.3% |
| BDX Becton Dickinson and Co. | 0.42% | 198,296 | $45.4M | No change |
| STZ Constellation Brands Inc. Class A | 0.42% | 243,546 | $44.7M | Add +81.2% |
| ISRG Intuitive Surgical Inc. | 0.41% | 88,633 | $43.9M | Add +210.6% |
| ALL Allstate Corp. | 0.41% | 210,236 | $43.5M | Add +77.9% |
| COST Costco Wholesale Corp. | 0.40% | 45,834 | $43.3M | Reduce -47.4% |
| ADI Analog Devices Inc. | 0.40% | 214,520 | $43.3M | Reduce -23.1% |
| C Citigroup Inc. | 0.39% | 583,600 | $41.4M | Add +66.7% |
| AMGN Amgen Inc. | 0.37% | 127,707 | $39.8M | Add +27.1% |
| WDAY Workday Inc. Class A | 0.35% | 162,550 | $38.0M | Add +2.9% |
| MS Morgan Stanley | 0.35% | 324,713 | $37.9M | Reduce -60.9% |
| SYK Stryker Corp. | 0.34% | 99,000 | $36.9M | Add +6.8% |
| T AT&T Inc. | 0.32% | 1,199,675 | $33.9M | Add +9.1% |
| ADBE Adobe Inc. | 0.31% | 86,489 | $33.2M | Reduce -44.6% |
| VZ Verizon Communications Inc. | 0.31% | 720,712 | $32.7M | Reduce -52.3% |
| SPGI S&P Global Inc. | 0.30% | 63,450 | $32.2M | Reduce -42.4% |
| NEE Nextera Energy Inc. | 0.30% | 451,830 | $32.0M | Add +3.2% |
| TXN Texas Instruments Inc. | 0.30% | 176,868 | $31.8M | Add +45.0% |
| XYZ Block Inc. | 0.29% | 572,090 | $31.1M | Add +294.5% |
| ORCL Oracle Corp. | 0.28% | 214,550 | $30.0M | Add +1.7% |
| HOOD Robinhood Markets Inc. Class A | 0.28% | 717,920 | $29.9M | Add +156.4% |
| AKAM Akamai Technologies Inc. | 0.27% | 364,177 | $29.3M | Add +114.5% |
| GS Goldman Sachs Group Inc. | 0.27% | 52,401 | $28.6M | Add +14.6% |
| FTV Fortive Corp. | 0.27% | 390,000 | $28.5M | Add +14.7% |
| CARR Carrier Global Corp. | 0.27% | 450,000 | $28.5M | Reduce -35.1% |
| LULU Lululemon Athletica Inc. | 0.26% | 96,933 | $27.4M | Reduce -39.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.26% | 79,212 | $27.3M | Reduce -5.8% |
| TSLA Tesla Inc. | 0.24% | 99,773 | $25.9M | Reduce -32.7% |
| MU Micron Technology Inc. | 0.24% | 295,381 | $25.7M | Reduce -17.0% |
| PINS Pinterest Inc. Class A | 0.24% | 820,708 | $25.4M | Add +1680.5% |
| UBER Uber Technologies Inc. | 0.24% | 348,096 | $25.4M | Reduce -46.7% |
| COF Capital One Financial Corp. | 0.23% | 140,000 | $25.1M | Add +250.0% |
| DECK Deckers Outdoor Corp. | 0.22% | 212,533 | $23.8M | Add +226.7% |
| EMR Emerson Electric Co. | 0.22% | 216,010 | $23.7M | Reduce -6.5% |
| MELI MercadoLibre Inc. | 0.22% | 12,000 | $23.4M | New |
| TTWO Take-Two Interactive Softwre | 0.22% | 112,588 | $23.3M | Reduce -4.8% |
| CSL Carlisle Cos Inc. | 0.22% | 67,925 | $23.1M | Add +128.1% |
| DOV Dover Corp. | 0.21% | 130,724 | $23.0M | Add +72.7% |
| EQIX Equinix Inc. | 0.21% | 28,134 | $22.9M | Reduce -23.3% |
| MCD McDonald's Corp. | 0.21% | 73,056 | $22.8M | Reduce -36.0% |
| KKR KKR & Co. Inc. | 0.21% | 197,356 | $22.8M | New |
| FCNCA First Citizens Bcshs Class A | 0.21% | 12,171 | $22.6M | Add +101.7% |
| TEL Te Connectivity PLC | 0.20% | 150,580 | $21.3M | Add +7.3% |
| ZS Zscaler Inc. | 0.20% | 107,090 | $21.2M | Add +53.7% |
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -21.4% | 2.18% | −1.08 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -44.5% | 0.77% | −0.82 |
| BTAL Agf US Market Neutral Anti-B | Sold out | 0.00% | −0.80 |
| MS Morgan Stanley | Reduce -60.9% | 0.35% | −0.58 |
| NFLX Netflix Inc. | Reduce -79.1% | 0.13% | −0.44 |
| GOOG Alphabet Inc. Class C | Reduce -15.8% | 1.13% | −0.44 |
| WMT Walmart Inc. | Reduce -27.3% | 1.20% | −0.44 |
| AMAT Applied Materials Inc. | Reduce -89.5% | 0.04% | −0.35 |
| CRM Salesforce Inc. | Reduce -12.4% | 0.94% | −0.34 |
| ADBE Adobe Inc. | Reduce -44.6% | 0.31% | −0.31 |
| COST Costco Wholesale Corp. | Reduce -47.4% | 0.40% | −0.31 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -69.8% | 0.19% | −0.31 |
| UNH Unitedhealth Group Inc. | Reduce -25.1% | 1.24% | −0.30 |
| TSLA Tesla Inc. | Reduce -32.7% | 0.24% | −0.30 |
| LULU Lululemon Athletica Inc. | Reduce -39.1% | 0.26% | −0.29 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.26 |
| BKNG Booking Holdings Inc. | Reduce -19.4% | 0.89% | −0.25 |
| VZ Verizon Communications Inc. | Reduce -52.3% | 0.31% | −0.24 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.23 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.23 |
| PH Parker Hannifin Corp. | Reduce -63.5% | 0.11% | −0.20 |
| SPGI S&P Global Inc. | Reduce -42.4% | 0.30% | −0.19 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.19 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.18 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.18 |
| BAC Bank of America Corp. | Reduce -21.6% | 0.61% | −0.18 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.18 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.17 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.17 |
| CARR Carrier Global Corp. | Reduce -35.1% | 0.27% | −0.16 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.15 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −0.15 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.14 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.14 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.14 |
| ORLY O'reilly Automotive Inc. | Reduce -100.0% | 0.00% | −0.14 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.13 |
| ULTA Ulta Beauty Inc. | Reduce -89.8% | 0.01% | −0.13 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.13 |
| KEYS Keysight Technologies Inc. | Reduce -86.6% | 0.02% | −0.13 |
| NKE Nike Inc. Class B | Reduce -42.1% | 0.13% | −0.13 |
| ADI Analog Devices Inc. | Reduce -23.1% | 0.40% | −0.13 |
| URI United Rentals Inc. | Reduce -71.0% | 0.05% | −0.13 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.13 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.12 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.12 |
| UBER Uber Technologies Inc. | Reduce -46.7% | 0.24% | −0.12 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.11 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.11 |
| CRH CRH PLC | Sold out | 0.00% | −0.11 |
Portfolio Buys Q4 2024 → Q1 2025
| VOO Vanguard S&P 500 ETF | New | 1.14% | +1.14 |
| META Meta Platforms Inc. Class A | Add +29.4% | 3.83% | +0.94 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +420.9% | 1.09% | +0.88 |
| MA Mastercard Inc. Class A | Add +44.4% | 2.07% | +0.75 |
| ETN Eaton Corp. PLC | Add +152.9% | 1.20% | +0.64 |
| JPM JPMorgan Chase & Co. | Add +24.0% | 2.33% | +0.56 |
| KR Kroger Co. | New | 0.51% | +0.51 |
| DHI D.R. Horton Inc. | New | 0.48% | +0.48 |
| LIN Linde PLC | Add +80.9% | 0.91% | +0.47 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.7% | 1.70% | +0.43 |
| WM Waste Management Inc. | Add +214.6% | 0.53% | +0.39 |
| MNST Monster Beverage Corp. | Add +254.9% | 0.51% | +0.39 |
| MRVL Marvell Technology Inc. | Add +892.7% | 0.46% | +0.38 |
| AMZN Amazon.com Inc. | Add +18.8% | 5.19% | +0.35 |
| QCOM Qualcomm Inc. | Add +76.3% | 0.74% | +0.34 |
| KO The Coca-Cola Co. | Add +11.9% | 1.28% | +0.32 |
| LLY Eli Lilly & Co. | Add +6.8% | 1.98% | +0.31 |
| ABBV Abbvie Inc. | Add +0.6% | 1.48% | +0.28 |
| ISRG Intuitive Surgical Inc. | Add +210.6% | 0.41% | +0.28 |
| DIS The Walt Disney Co. | Add +108.3% | 0.50% | +0.24 |
| PINS Pinterest Inc. Class A | Add +1680.5% | 0.24% | +0.23 |
| MELI MercadoLibre Inc. | New | 0.22% | +0.22 |
| KKR KKR & Co. Inc. | New | 0.21% | +0.21 |
| PG The Procter & Gamble Co. | Add +12.9% | 1.28% | +0.21 |
| MCK McKesson Corp. | Add +9.3% | 0.80% | +0.20 |
| PANW Palo Alto Networks Inc. | Add +70.5% | 0.51% | +0.20 |
| ALL Allstate Corp. | Add +77.9% | 0.41% | +0.20 |
| TMUS T-Mobile US Inc. | Add +15.7% | 0.62% | +0.19 |
| HOOD Robinhood Markets Inc. Class A | Add +156.4% | 0.28% | +0.19 |
| ACN Accenture PLC Class A | Add +40.4% | 0.81% | +0.18 |
| XYZ Block Inc. | Add +294.5% | 0.29% | +0.18 |
| COF Capital One Financial Corp. | Add +250.0% | 0.23% | +0.17 |
| WFC Wells Fargo & Co. | Add +7.3% | 1.37% | +0.17 |
| C Citigroup Inc. | Add +66.7% | 0.39% | +0.17 |
| PLD Prologis Inc. | Add +29.3% | 0.53% | +0.16 |
| SE Sea Ltd.-ADR | Add +300.0% | 0.20% | +0.16 |
| STZ Constellation Brands Inc. Class A | Add +81.2% | 0.42% | +0.15 |
| AAPL Apple Inc. | Add +10.7% | 6.97% | +0.15 |
| AMGN Amgen Inc. | Add +27.1% | 0.37% | +0.14 |
| AKAM Akamai Technologies Inc. | Add +114.5% | 0.27% | +0.13 |
| CSL Carlisle Cos Inc. | Add +128.1% | 0.22% | +0.12 |
| CB Chubb Ltd. | Add +18.1% | 0.46% | +0.12 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.11% | +0.11 |
| FITB Fifth Third Bancorp | Add +468.4% | 0.13% | +0.11 |
| UNP Union Pacific Corp. | Add +11.8% | 0.63% | +0.11 |
| DECK Deckers Outdoor Corp. | Add +226.7% | 0.22% | +0.10 |
| FCNCA First Citizens Bcshs Class A | Add +101.7% | 0.21% | +0.10 |
| EXLS Exlservice Holdings Inc. | Add +90.5% | 0.18% | +0.09 |
| T AT&T Inc. | Add +9.1% | 0.32% | +0.09 |
| TXN Texas Instruments Inc. | Add +45.0% | 0.30% | +0.09 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 424 | $22.1B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 555 | $18.3B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 351 | $13.3B | AAPL, NVDA, MSFT, GOOGL, AMZN |
| Q3 2025 | 378 | $12.5B | MSFT, AAPL, NVDA, GOOGL, AMZN |
| Q2 2025 | 371 | $12.6B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2025 | 432 | $10.7B | MSFT, AAPL, NVDA, AMZN, META |
| Q4 2024 | 473 | $11.1B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q3 2024 | 474 | $11.0B | MSFT, AAPL, NVDA, AMZN, SPY |
| Q2 2024 | 474 | $10.4B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2024 | 487 | $9.6B | MSFT, NVDA, AAPL, AMZN, META |