Tredje AP-fonden

Name: Tredje AP-fonden 13F holdings, Q2 2025
Creator: Tredje AP-fonden
Published: 2025-08-05

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Tredje AP-fonden reported 371 stock positions worth $12.6 billion. Its top holding was Microsoft (MSFT) at 9.1% of the portfolio, followed by Nvidia (NVDA, 8.2%) and Apple (AAPL, 4.8%). Compared with Q1 2025, it opened 15 new positions, sold out of 77, added to 181 and reduced 61. The biggest buy was Nvidia (NVDA, shares +16%) and the biggest sale Apple (AAPL, shares −12%).

Most Recent 13F: Q2 2026
Location: SE-111 91 STOCKHOLM, V7
CIK: 0001650290
Portfolio Value: $12.6B (Q2 2025)
SEC Filing: 0001650290-25-000005 ↗ filed Aug 5, 2025

Holdings Value

Holdings 371 stocks · $12.6B


MSFT Microsoft Corp.	9.12%	2,300,697	$1.1B	Add +11.9%
NVDA Nvidia Corp.	8.16%	6,485,533	$1.0B	Add +16.5%
AAPL Apple Inc.	4.82%	2,946,150	$604.5M	Reduce -12.3%
AMZN Amazon.com Inc.	4.66%	2,667,436	$585.2M	Reduce -8.7%
META Meta Platforms Inc. Class A	4.53%	771,036	$569.1M	Add +8.4%
GOOGL Alphabet Inc. Class A	3.88%	2,765,855	$487.4M	Add +83.1%
VOO Vanguard S&P 500 ETF	2.61%	576,980	$327.7M	Add +143.4%
JPM JPMorgan Chase & Co.	2.58%	1,115,782	$323.5M	Add +9.9%
MA Mastercard Inc. Class A	2.04%	455,876	$256.2M	Add +12.7%
LLY Eli Lilly & Co.	1.89%	304,733	$237.5M	Add +18.8%
ETN Eaton Corp. PLC	1.80%	633,582	$226.2M	Add +33.6%
BRK.B Berkshire Hathaway Inc. Class B	1.63%	420,249	$204.1M	Add +23.0%
V Visa Inc. Class A	1.23%	433,247	$153.8M	Add +24.9%
KO The Coca-Cola Co.	1.12%	1,985,823	$140.5M	Add +3.7%
PG The Procter & Gamble Co.	1.11%	870,814	$138.7M	Add +8.2%
DECK Deckers Outdoor Corp.	1.06%	1,290,498	$133.0M	Add +507.2%
ABBV Abbvie Inc.	1.05%	711,192	$132.0M	Reduce -5.7%
SPY SS SPDR S&P 500 ETF Trust-US	1.03%	208,342	$128.7M	No change
GOOG Alphabet Inc. Class C	1.01%	718,197	$127.4M	Reduce -7.4%
WMT Walmart Inc.	1.01%	1,297,297	$126.8M	Reduce -11.6%
SNPS Synopsys Inc.	0.94%	231,177	$118.5M	Add +26.9%
WFC Wells Fargo & Co.	0.93%	1,462,394	$117.2M	Reduce -28.5%
VRTX Vertex Pharmaceuticals Inc.	0.89%	250,602	$111.6M	Add +504.0%
ABT Abbott Laboratories	0.87%	803,151	$109.2M	Add +8.7%
UNH Unitedhealth Group Inc.	0.87%	348,834	$108.8M	Add +37.1%
CRM Salesforce Inc.	0.86%	394,911	$107.7M	Add +5.5%
BKNG Booking Holdings Inc.	0.86%	18,565	$107.5M	Reduce -9.8%
TSM Taiwan Semiconductor-SP ADR	0.83%	458,839	$103.9M	Reduce -8.0%
QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET	0.80%	3,100,000	$100.2M	No change
PINS Pinterest Inc. Class A	0.79%	2,767,535	$99.2M	Add +237.2%
SWAN Amplify Blckswn Grow Trsry	0.79%	3,225,000	$98.8M	No change
MCK McKesson Corp.	0.78%	132,896	$97.4M	Add +4.3%
FLSP Franklin Systematic Style PR	0.77%	4,000,000	$96.4M	No change
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.74%	757,116	$93.5M	Add +49.2%
BSX Boston Scientific Corp.	0.74%	860,688	$92.4M	Add +20.0%
FIAX Nicholas Fixed Inc. Alt ETF	0.72%	4,936,785	$90.1M	No change
PANW Palo Alto Networks Inc.	0.68%	417,731	$85.5M	Add +30.4%
TMO Thermo Fisher Scientific Inc.	0.65%	201,971	$81.9M	Add +44.6%
XYL Xylem Inc.	0.64%	622,165	$80.5M	Add +2441.5%
ADI Analog Devices Inc.	0.63%	334,874	$79.7M	Add +56.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.60%	1,585,812	$75.0M	Add +0.6%
HD Home Depot Inc.	0.56%	190,632	$69.9M	Reduce -29.9%
QCOM Qualcomm Inc.	0.53%	418,720	$66.7M	Reduce -18.6%
WM Waste Management Inc.	0.52%	287,705	$65.8M	Add +16.9%
TMUS T-Mobile US Inc.	0.52%	275,578	$65.7M	Add +10.8%
ACN Accenture PLC Class A	0.52%	218,767	$65.4M	Reduce -21.1%
EMR Emerson Electric Co.	0.51%	483,816	$64.5M	Add +124.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.49%	498,272	$61.8M	Reduce -8.0%
ALL Allstate Corp.	0.48%	296,836	$59.8M	Add +41.2%
PLD Prologis Inc.	0.45%	534,144	$56.1M	Add +5.5%
HOOD Robinhood Markets Inc. Class A	0.44%	593,298	$55.6M	Reduce -17.4%
ISRG Intuitive Surgical Inc.	0.43%	99,222	$53.9M	Add +11.9%
UBER Uber Technologies Inc.	0.42%	565,268	$52.7M	Add +62.4%
MNST Monster Beverage Corp.	0.42%	836,475	$52.4M	Reduce -11.0%
ADBE Adobe Inc.	0.41%	131,727	$51.0M	Add +52.3%
NXPI NXP Semiconductors NV	0.40%	228,354	$49.9M	Reduce -7.2%
ORCL Oracle Corp.	0.39%	226,136	$49.4M	Add +5.4%
UNP Union Pacific Corp.	0.38%	208,346	$47.9M	Reduce -27.3%
STZ Constellation Brands Inc. Class A	0.38%	292,417	$47.6M	Add +20.1%
KR Kroger Co.	0.38%	660,509	$47.4M	Reduce -17.4%
NEE Nextera Energy Inc.	0.37%	660,997	$45.9M	Add +46.3%
CSL Carlisle Cos Inc.	0.36%	122,363	$45.7M	Add +80.1%
MRK Merck & Co. Inc.	0.36%	575,163	$45.5M	Reduce -37.7%
TXN Texas Instruments Inc.	0.36%	216,868	$45.0M	Add +22.6%
VZ Verizon Communications Inc.	0.35%	1,025,912	$44.4M	Add +42.4%
SYK Stryker Corp.	0.35%	110,000	$43.5M	Add +11.1%
KKR KKR & Co. Inc.	0.34%	323,756	$43.1M	Add +64.0%
AMD Advanced Micro Devices	0.33%	291,031	$41.3M	Reduce -45.0%
OKTA Okta Inc.	0.31%	391,211	$39.1M	Add +101.9%
WDAY Workday Inc. Class A	0.31%	162,550	$39.0M	No change
TEAM Atlassian Corp. Class A	0.30%	187,167	$38.0M	New
XYZ Block Inc.	0.30%	555,345	$37.7M	Reduce -2.9%
CNP Centerpoint Energy Inc.	0.30%	1,010,170	$37.1M	Add +1953.5%
BDX Becton Dickinson and Co.	0.29%	211,720	$36.5M	Add +6.8%
MRVL Marvell Technology Inc.	0.29%	469,700	$36.4M	Reduce -40.9%
TTWO Take-Two Interactive Softwre	0.29%	149,266	$36.2M	Add +32.6%
T AT&T Inc.	0.28%	1,221,395	$35.3M	Add +1.8%
GM General Motors Co.	0.28%	717,376	$35.3M	Reduce -43.4%
MELI MercadoLibre Inc.	0.28%	13,320	$34.8M	Add +11.0%
LIN Linde PLC	0.28%	73,600	$34.5M	Reduce -64.7%
SPGI S&P Global Inc.	0.27%	63,450	$33.5M	No change
MET Metlife Inc.	0.27%	415,689	$33.4M	Reduce -31.5%
CARR Carrier Global Corp.	0.26%	450,000	$32.9M	No change
RDDT Reddit Inc. Class A	0.26%	214,535	$32.3M	Add +59.7%
SE Sea Ltd.-ADR	0.25%	200,000	$32.0M	Add +25.0%
TEL Te Connectivity PLC	0.25%	188,780	$31.8M	Add +25.4%
ICE Intercontinental Exchange Inc.	0.25%	173,390	$31.8M	Add +41.7%
DOV Dover Corp.	0.25%	172,724	$31.6M	Add +32.1%
OLED Universal Display Corp.	0.24%	197,588	$30.5M	New
CMS CMS Energy Corp.	0.24%	432,456	$30.0M	Add +390.0%
COF Capital One Financial Corp.	0.24%	140,000	$29.8M	No change
DHI D.R. Horton Inc.	0.23%	226,300	$29.2M	Reduce -43.9%
TRMB Trimble Inc.	0.23%	374,915	$28.5M	Add +19.6%
CB Chubb Ltd.	0.22%	95,763	$27.7M	Reduce -41.3%
ROST Ross Stores Inc.	0.21%	205,040	$26.2M	Add +30.3%
VEEV Veeva Systems Inc. Class A	0.21%	90,516	$26.1M	Add +11.0%
EXLS Exlservice Holdings Inc.	0.21%	594,000	$26.0M	Add +48.5%
COIN Coinbase Global Inc. Class A	0.20%	72,679	$25.5M	New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.20%	79,212	$25.4M	No change
ALGN Align Technology Inc.	0.20%	131,232	$24.8M	Add +13.9%

Show all 371 holdings

Portfolio Sells Q1 2025 → Q2 2025


AAPL Apple Inc.	Reduce -12.3%	4.82%	−2.16
DE Deere & Co.	Sold out	0.00%	−0.85
LIN Linde PLC	Reduce -64.7%	0.28%	−0.63
FISV Fiserv Inc.	Reduce -79.9%	0.10%	−0.62
AMZN Amazon.com Inc.	Reduce -8.7%	4.66%	−0.53
WFC Wells Fargo & Co.	Reduce -28.5%	0.93%	−0.44
ABBV Abbvie Inc.	Reduce -5.7%	1.05%	−0.42
MRK Merck & Co. Inc.	Reduce -37.7%	0.36%	−0.41
COST Costco Wholesale Corp.	Sold out	0.00%	−0.40
HD Home Depot Inc.	Reduce -29.9%	0.56%	−0.37
MS Morgan Stanley	Sold out	0.00%	−0.35
AMGN Amgen Inc.	Reduce -85.3%	0.04%	−0.33
ACN Accenture PLC Class A	Reduce -21.1%	0.52%	−0.29
C Citigroup Inc.	Reduce -73.0%	0.11%	−0.28
GM General Motors Co.	Reduce -43.4%	0.28%	−0.27
GS Goldman Sachs Group Inc.	Sold out	0.00%	−0.27
AKAM Akamai Technologies Inc.	Reduce -96.2%	0.01%	−0.26
LULU Lululemon Athletica Inc.	Sold out	0.00%	−0.26
UNP Union Pacific Corp.	Reduce -27.3%	0.38%	−0.25
DHI D.R. Horton Inc.	Reduce -43.9%	0.23%	−0.25
TSLA Tesla Inc.	Sold out	0.00%	−0.24
MU Micron Technology Inc.	Sold out	0.00%	−0.24
CB Chubb Ltd.	Reduce -41.3%	0.22%	−0.24
MCD McDonald's Corp.	Sold out	0.00%	−0.21
QCOM Qualcomm Inc.	Reduce -18.6%	0.53%	−0.21
FCNCA First Citizens Bcshs Class A	Reduce -93.3%	0.01%	−0.20
WMT Walmart Inc.	Reduce -11.6%	1.01%	−0.19
FTV Fortive Corp.	Reduce -54.5%	0.07%	−0.19
MET Metlife Inc.	Reduce -31.5%	0.27%	−0.19
ZS Zscaler Inc.	Reduce -92.7%	0.02%	−0.18
AMD Advanced Micro Devices	Reduce -45.0%	0.33%	−0.18
MRVL Marvell Technology Inc.	Reduce -40.9%	0.29%	−0.17
MRSH Marsh & McLennan Cos	Sold out	0.00%	−0.16
ELV Elevance Health Inc.	Sold out	0.00%	−0.13
NKE Nike Inc. Class B	Sold out	0.00%	−0.13
KVUE Kenvue Inc.	Sold out	0.00%	−0.13
KR Kroger Co.	Reduce -17.4%	0.38%	−0.13
GOOG Alphabet Inc. Class C	Reduce -7.4%	1.01%	−0.12
CL Colgate-Palmolive Co.	Reduce -80.7%	0.02%	−0.11
IBN Icici Bank Ltd.-Spon ADR	Sold out	0.00%	−0.11
MNST Monster Beverage Corp.	Reduce -11.0%	0.42%	−0.10
PGR Progressive Corp.	Sold out	0.00%	−0.09
EFX Equifax Inc.	Reduce -76.3%	0.02%	−0.09
KHC The Kraft Heinz Co.	Sold out	0.00%	−0.09
CSX CSX Corp.	Sold out	0.00%	−0.08
ON On Semiconductor	Reduce -75.0%	0.03%	−0.08
FAST Fastenal Co.	Reduce -73.7%	0.02%	−0.07
SLB SLB Ltd.	Sold out	0.00%	−0.07
ITW Illinois Tool Works	Sold out	0.00%	−0.07
D Dominion Energy Inc.	Reduce -86.3%	0.01%	−0.07

Portfolio Buys Q1 2025 → Q2 2025


NVDA Nvidia Corp.	Add +16.5%	8.16%	+2.53
MSFT Microsoft Corp.	Add +11.9%	9.12%	+1.91
GOOGL Alphabet Inc. Class A	Add +83.1%	3.88%	+1.70
VOO Vanguard S&P 500 ETF	Add +143.4%	2.61%	+1.47
DECK Deckers Outdoor Corp.	Add +507.2%	1.06%	+0.84
META Meta Platforms Inc. Class A	Add +8.4%	4.53%	+0.70
VRTX Vertex Pharmaceuticals Inc.	Add +504.0%	0.89%	+0.70
XYL Xylem Inc.	Add +2441.5%	0.64%	+0.61
ETN Eaton Corp. PLC	Add +33.6%	1.80%	+0.60
PINS Pinterest Inc. Class A	Add +237.2%	0.79%	+0.55
TEAM Atlassian Corp. Class A	New	0.30%	+0.30
EMR Emerson Electric Co.	Add +124.0%	0.51%	+0.29
CNP Centerpoint Energy Inc.	Add +1953.5%	0.30%	+0.28
JPM JPMorgan Chase & Co.	Add +9.9%	2.58%	+0.25
OLED Universal Display Corp.	New	0.24%	+0.24
ADI Analog Devices Inc.	Add +56.1%	0.63%	+0.23
SNPS Synopsys Inc.	Add +26.9%	0.94%	+0.21
COIN Coinbase Global Inc. Class A	New	0.20%	+0.20
UBER Uber Technologies Inc.	Add +62.4%	0.42%	+0.18
CMS CMS Energy Corp.	Add +390.0%	0.24%	+0.18
PANW Palo Alto Networks Inc.	Add +30.4%	0.68%	+0.17
TJX TJX Companies Inc.	Add +49.2%	0.74%	+0.17
AMAT Applied Materials Inc.	Add +381.3%	0.20%	+0.16
CSL Carlisle Cos Inc.	Add +80.1%	0.36%	+0.15
KKR KKR & Co. Inc.	Add +64.0%	0.34%	+0.13
RDDT Reddit Inc. Class A	Add +59.7%	0.26%	+0.13
OKTA Okta Inc.	Add +101.9%	0.31%	+0.12
ORCL Oracle Corp.	Add +5.4%	0.39%	+0.11
WTW Willis Towers Watson PLC	New	0.10%	+0.10
DKS Dick's Sporting Goods Inc.	Add +1364.6%	0.11%	+0.10
ADBE Adobe Inc.	Add +52.3%	0.41%	+0.10
APH Amphenol Corp. Class A	Add +102.8%	0.16%	+0.10
V Visa Inc. Class A	Add +24.9%	1.23%	+0.09
ED Consolidated Edison Inc.	New	0.08%	+0.08
AFL Aflac Inc.	New	0.07%	+0.07
TTWO Take-Two Interactive Softwre	Add +32.6%	0.29%	+0.07
ALL Allstate Corp.	Add +41.2%	0.48%	+0.07
NEE Nextera Energy Inc.	Add +46.3%	0.37%	+0.07
NFLX Netflix Inc.	Add +20.5%	0.19%	+0.06
TXN Texas Instruments Inc.	Add +22.6%	0.36%	+0.06
BSX Boston Scientific Corp.	Add +20.0%	0.74%	+0.06
SE Sea Ltd.-ADR	Add +25.0%	0.25%	+0.06
MELI MercadoLibre Inc.	Add +11.0%	0.28%	+0.06
ICE Intercontinental Exchange Inc.	Add +41.7%	0.25%	+0.06
TEL Te Connectivity PLC	Add +25.4%	0.25%	+0.05
FSLR First Solar Inc.	Add +31.9%	0.17%	+0.05
VZ Verizon Communications Inc.	Add +42.4%	0.35%	+0.05
L Loews Corp.	Add +395.7%	0.05%	+0.04
DOV Dover Corp.	Add +32.1%	0.25%	+0.04
TRMB Trimble Inc.	Add +19.6%	0.23%	+0.03

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