Tredje AP-fonden
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Tredje AP-fonden reported 378 stock positions worth $12.5 billion. Its top holding was Microsoft (MSFT) at 8.4% of the portfolio, followed by Apple (AAPL, 7.6%) and Nvidia (NVDA, 7.4%). Compared with Q2 2025, it opened 30 new positions, sold out of 23, added to 185 and reduced 140. The biggest buy was Apple (AAPL, shares +26%) and the biggest sale an exit from Vanguard S&P 500 ETF (VOO).
- Most Recent 13F
- Q2 2026
- Location
- SE-111 91 STOCKHOLM, V7
- CIK
- 0001650290
- Portfolio Value
- $12.5B (Q3 2025)
- SEC Filing
- 0001650290-25-000013 ↗ filed Nov 10, 2025
Holdings Value
Holdings 378 stocks · $12.5B
| MSFT Microsoft Corp. | 8.36% | 2,009,925 | $1.0B | Reduce -12.6% |
| AAPL Apple Inc. | 7.60% | 3,716,915 | $946.4M | Add +26.2% |
| NVDA Nvidia Corp. | 7.37% | 4,921,743 | $918.3M | Reduce -24.1% |
| GOOGL Alphabet Inc. Class A | 5.01% | 2,567,475 | $624.2M | Reduce -7.2% |
| AMZN Amazon.com Inc. | 4.60% | 2,609,166 | $572.9M | Reduce -2.2% |
| META Meta Platforms Inc. Class A | 3.33% | 564,198 | $414.3M | Reduce -26.8% |
| JPM JPMorgan Chase & Co. | 2.50% | 986,128 | $311.1M | Reduce -11.6% |
| MA Mastercard Inc. Class A | 1.96% | 429,741 | $244.4M | Reduce -5.7% |
| ETN Eaton Corp. PLC | 1.72% | 570,917 | $213.7M | Reduce -9.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.65% | 409,270 | $205.8M | Reduce -2.6% |
| LLY Eli Lilly & Co. | 1.44% | 234,437 | $178.9M | Reduce -23.1% |
| ABBV Abbvie Inc. | 1.42% | 765,788 | $177.3M | Add +7.7% |
| GOOG Alphabet Inc. Class C | 1.33% | 680,758 | $165.8M | Reduce -5.2% |
| UNH Unitedhealth Group Inc. | 1.27% | 459,417 | $158.6M | Add +31.7% |
| PG The Procter & Gamble Co. | 1.26% | 1,021,605 | $157.0M | Add +17.3% |
| V Visa Inc. Class A | 1.13% | 412,906 | $141.0M | Reduce -4.7% |
| MCK McKesson Corp. | 1.04% | 167,271 | $129.2M | Add +25.9% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.96% | 688,000 | $119.7M | Add +3579.1% |
| WFC Wells Fargo & Co. | 0.93% | 1,385,394 | $116.1M | Reduce -5.3% |
| KO The Coca-Cola Co. | 0.89% | 1,670,080 | $110.8M | Reduce -15.9% |
| SE Sea Ltd.-ADR | 0.87% | 603,400 | $107.8M | Add +201.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.85% | 379,998 | $106.1M | Reduce -17.2% |
| FLSP Franklin Systematic Style PR | 0.85% | 4,000,000 | $106.1M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.85% | 732,908 | $105.9M | Reduce -3.2% |
| BSX Boston Scientific Corp. | 0.84% | 1,070,688 | $104.5M | Add +24.4% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.84% | 3,100,000 | $104.3M | No change |
| SWAN Amplify Blckswn Grow Trsry | 0.83% | 3,225,000 | $103.8M | No change |
| XYL Xylem Inc. | 0.82% | 695,418 | $102.6M | Add +11.8% |
| FSLR First Solar Inc. | 0.82% | 464,827 | $102.5M | Add +260.0% |
| ABT Abbott Laboratories | 0.78% | 729,151 | $97.7M | Reduce -9.2% |
| WMT Walmart Inc. | 0.76% | 919,325 | $94.7M | Reduce -29.1% |
| DECK Deckers Outdoor Corp. | 0.76% | 927,609 | $94.0M | Reduce -28.1% |
| FIAX Nicholas Fixed Inc. Alt ETF | 0.71% | 4,936,785 | $89.0M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.67% | 1,614,496 | $83.3M | Add +1.8% |
| TMO Thermo Fisher Scientific Inc. | 0.66% | 169,971 | $82.4M | Reduce -15.8% |
| TMUS T-Mobile US Inc. | 0.66% | 341,716 | $81.8M | Add +24.0% |
| SNPS Synopsys Inc. | 0.65% | 165,043 | $81.4M | Reduce -28.6% |
| ADI Analog Devices Inc. | 0.64% | 322,635 | $79.3M | Reduce -3.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.58% | 185,312 | $72.6M | Reduce -26.1% |
| ALL Allstate Corp. | 0.57% | 329,836 | $70.8M | Add +11.1% |
| UBER Uber Technologies Inc. | 0.56% | 715,540 | $70.1M | Add +26.6% |
| PINS Pinterest Inc. Class A | 0.55% | 2,115,937 | $68.1M | Reduce -23.5% |
| KR Kroger Co. | 0.52% | 965,116 | $65.1M | Add +46.1% |
| HD Home Depot Inc. | 0.51% | 157,119 | $63.7M | Reduce -17.6% |
| CRM Salesforce Inc. | 0.51% | 266,703 | $63.2M | Reduce -32.5% |
| BKNG Booking Holdings Inc. | 0.50% | 11,630 | $62.8M | Reduce -37.4% |
| KKR KKR & Co. Inc. | 0.50% | 475,918 | $61.8M | Add +47.0% |
| T AT&T Inc. | 0.46% | 2,034,656 | $57.5M | Add +66.6% |
| WM Waste Management Inc. | 0.44% | 250,467 | $55.3M | Reduce -12.9% |
| MNST Monster Beverage Corp. | 0.44% | 818,463 | $55.1M | Reduce -2.1% |
| PANW Palo Alto Networks Inc. | 0.43% | 265,225 | $54.0M | Reduce -36.5% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.43% | 7,224,000 | $53.0M | New |
| MRK Merck & Co. Inc. | 0.43% | 631,065 | $53.0M | Add +9.7% |
| TTWO Take-Two Interactive Softwre | 0.42% | 204,236 | $52.8M | Add +36.8% |
| BDX Becton Dickinson and Co. | 0.41% | 271,720 | $50.9M | Add +28.3% |
| NXPI NXP Semiconductors NV | 0.39% | 212,352 | $48.4M | Reduce -7.0% |
| NEE Nextera Energy Inc. | 0.39% | 637,997 | $48.2M | Reduce -3.5% |
| CNP Centerpoint Energy Inc. | 0.38% | 1,223,941 | $47.5M | Add +21.2% |
| TXN Texas Instruments Inc. | 0.38% | 256,868 | $47.2M | Add +18.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.38% | 408,272 | $46.7M | Reduce -18.1% |
| TRMB Trimble Inc. | 0.34% | 526,082 | $43.0M | Add +40.3% |
| OKTA Okta Inc. | 0.34% | 465,635 | $42.7M | Add +19.0% |
| BBD Banco Bradesco-ADR | 0.34% | 12,630,000 | $42.7M | New |
| ADBE Adobe Inc. | 0.32% | 114,000 | $40.2M | Reduce -13.5% |
| ORCL Oracle Corp. | 0.32% | 140,002 | $39.4M | Reduce -38.1% |
| MRVL Marvell Technology Inc. | 0.30% | 449,700 | $37.8M | Reduce -4.3% |
| J Jacobs Solutions Inc. | 0.30% | 251,377 | $37.7M | New |
| ICE Intercontinental Exchange Inc. | 0.30% | 223,390 | $37.6M | Add +28.8% |
| UNP Union Pacific Corp. | 0.30% | 159,016 | $37.6M | Reduce -23.7% |
| MET Metlife Inc. | 0.30% | 455,689 | $37.5M | Add +9.6% |
| SYK Stryker Corp. | 0.30% | 99,700 | $36.9M | Reduce -9.4% |
| MU Micron Technology Inc. | 0.30% | 220,000 | $36.8M | New |
| ACN Accenture PLC Class A | 0.29% | 146,700 | $36.2M | Reduce -32.9% |
| XP XP Inc. Class A | 0.29% | 1,923,000 | $36.1M | New |
| PGR Progressive Corp. | 0.29% | 145,000 | $35.8M | New |
| MELI MercadoLibre Inc. | 0.28% | 15,020 | $35.1M | Add +12.8% |
| ISRG Intuitive Surgical Inc. | 0.28% | 77,911 | $34.8M | Reduce -21.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.27% | 109,212 | $33.8M | Add +37.9% |
| VZ Verizon Communications Inc. | 0.27% | 760,543 | $33.4M | Reduce -25.9% |
| EMR Emerson Electric Co. | 0.27% | 252,773 | $33.2M | Reduce -47.8% |
| ROP Roper Technologies Inc. | 0.26% | 65,553 | $32.7M | New |
| CB Chubb Ltd. | 0.26% | 115,363 | $32.6M | Add +20.5% |
| EXLS Exlservice Holdings Inc. | 0.25% | 714,000 | $31.4M | Add +20.2% |
| LIN Linde PLC | 0.25% | 65,600 | $31.2M | Reduce -10.9% |
| SPGI S&P Global Inc. | 0.25% | 63,450 | $30.9M | No change |
| COF Capital One Financial Corp. | 0.24% | 140,000 | $29.8M | No change |
| STZ Constellation Brands Inc. Class A | 0.23% | 212,719 | $28.6M | Reduce -27.3% |
| PLD Prologis Inc. | 0.23% | 247,000 | $28.3M | Reduce -53.8% |
| QCOM Qualcomm Inc. | 0.23% | 170,000 | $28.3M | Reduce -59.4% |
| DOV Dover Corp. | 0.22% | 163,269 | $27.2M | Reduce -5.5% |
| VEEV Veeva Systems Inc. Class A | 0.22% | 90,516 | $27.0M | No change |
| CARR Carrier Global Corp. | 0.22% | 450,000 | $26.9M | No change |
| MS Morgan Stanley | 0.21% | 167,762 | $26.7M | New |
| ARE Alexandria Real Estate Equit | 0.21% | 313,017 | $26.1M | Add +66.7% |
| BIRK Birkenstock Holding PLC | 0.21% | 564,400 | $25.5M | Add +27.1% |
| ROST Ross Stores Inc. | 0.20% | 167,340 | $25.5M | Reduce -18.4% |
| CGNX Cognex Corp. | 0.20% | 560,829 | $25.4M | Add +5.9% |
| WELL Welltower Inc. | 0.20% | 141,421 | $25.2M | Add +73.7% |
| CSL Carlisle Cos Inc. | 0.19% | 72,362 | $23.8M | Reduce -40.9% |
| APH Amphenol Corp. Class A | 0.19% | 191,122 | $23.7M | Reduce -3.1% |
Portfolio Sells Q2 2025 → Q3 2025
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −2.61 |
| META Meta Platforms Inc. Class A | Reduce -26.8% | 3.33% | −1.21 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −1.03 |
| NVDA Nvidia Corp. | Reduce -24.1% | 7.37% | −0.79 |
| MSFT Microsoft Corp. | Reduce -12.6% | 8.36% | −0.76 |
| LLY Eli Lilly & Co. | Reduce -23.1% | 1.44% | −0.46 |
| BKNG Booking Holdings Inc. | Reduce -37.4% | 0.50% | −0.35 |
| CRM Salesforce Inc. | Reduce -32.5% | 0.51% | −0.35 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.31 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -26.1% | 0.58% | −0.31 |
| DECK Deckers Outdoor Corp. | Reduce -28.1% | 0.76% | −0.30 |
| QCOM Qualcomm Inc. | Reduce -59.4% | 0.23% | −0.30 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.30 |
| HOOD Robinhood Markets Inc. Class A | Reduce -79.2% | 0.14% | −0.30 |
| XYZ Block Inc. | Sold out | 0.00% | −0.30 |
| SNPS Synopsys Inc. | Reduce -28.6% | 0.65% | −0.29 |
| WMT Walmart Inc. | Reduce -29.1% | 0.76% | −0.25 |
| EMR Emerson Electric Co. | Reduce -47.8% | 0.27% | −0.25 |
| PANW Palo Alto Networks Inc. | Reduce -36.5% | 0.43% | −0.25 |
| PINS Pinterest Inc. Class A | Reduce -23.5% | 0.55% | −0.24 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.23 |
| ACN Accenture PLC Class A | Reduce -32.9% | 0.29% | −0.23 |
| KO The Coca-Cola Co. | Reduce -15.9% | 0.89% | −0.23 |
| PLD Prologis Inc. | Reduce -53.8% | 0.23% | −0.22 |
| TEL Te Connectivity PLC | Reduce -89.5% | 0.03% | −0.22 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.20 |
| AMD Advanced Micro Devices | Reduce -62.6% | 0.14% | −0.19 |
| CSL Carlisle Cos Inc. | Reduce -40.9% | 0.19% | −0.17 |
| OLED Universal Display Corp. | Reduce -60.7% | 0.09% | −0.15 |
| ISRG Intuitive Surgical Inc. | Reduce -21.5% | 0.28% | −0.15 |
| STZ Constellation Brands Inc. Class A | Reduce -27.3% | 0.23% | −0.15 |
| DIS The Walt Disney Co. | Reduce -18.1% | 0.38% | −0.12 |
| GM General Motors Co. | Reduce -52.6% | 0.17% | −0.11 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.11 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.11 |
| RDDT Reddit Inc. Class A | Reduce -60.7% | 0.16% | −0.10 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.10 |
| V Visa Inc. Class A | Reduce -4.7% | 1.13% | −0.09 |
| ETN Eaton Corp. PLC | Reduce -9.9% | 1.72% | −0.09 |
| ABT Abbott Laboratories | Reduce -9.2% | 0.78% | −0.09 |
| VZ Verizon Communications Inc. | Reduce -25.9% | 0.27% | −0.09 |
| COHR Coherent Corp. | Sold out | 0.00% | −0.08 |
| ADBE Adobe Inc. | Reduce -13.5% | 0.32% | −0.08 |
| WM Waste Management Inc. | Reduce -12.9% | 0.44% | −0.08 |
| UNP Union Pacific Corp. | Reduce -23.7% | 0.30% | −0.08 |
| JPM JPMorgan Chase & Co. | Reduce -11.6% | 2.50% | −0.08 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -5.7% | 1.96% | −0.08 |
| ORCL Oracle Corp. | Reduce -38.1% | 0.32% | −0.08 |
| AMKR Amkor Technology Inc. | Reduce -91.8% | 0.01% | −0.08 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +26.2% | 7.60% | +2.79 |
| FUTU Futu Holdings Ltd.-ADR | Add +3579.1% | 0.96% | +0.94 |
| FSLR First Solar Inc. | Add +260.0% | 0.82% | +0.65 |
| SE Sea Ltd.-ADR | Add +201.7% | 0.87% | +0.61 |
| ITUB Itau Unibanco H-Spon PRF ADR | New | 0.43% | +0.43 |
| UNH Unitedhealth Group Inc. | Add +31.7% | 1.27% | +0.41 |
| ABBV Abbvie Inc. | Add +7.7% | 1.42% | +0.37 |
| BBD Banco Bradesco-ADR | New | 0.34% | +0.34 |
| J Jacobs Solutions Inc. | New | 0.30% | +0.30 |
| MU Micron Technology Inc. | New | 0.30% | +0.30 |
| XP XP Inc. Class A | New | 0.29% | +0.29 |
| PGR Progressive Corp. | New | 0.29% | +0.29 |
| ROP Roper Technologies Inc. | New | 0.26% | +0.26 |
| MCK McKesson Corp. | Add +25.9% | 1.04% | +0.26 |
| MS Morgan Stanley | New | 0.21% | +0.21 |
| DDOG Datadog Inc. Class A | New | 0.18% | +0.18 |
| XYL Xylem Inc. | Add +11.8% | 0.82% | +0.18 |
| T AT&T Inc. | Add +66.6% | 0.46% | +0.18 |
| CFLT Confluent Inc. Class A | New | 0.17% | +0.17 |
| EA Electronic Arts Inc. | New | 0.16% | +0.16 |
| ESTC Elastic NV | Add +1894.9% | 0.17% | +0.16 |
| PG The Procter & Gamble Co. | Add +17.3% | 1.26% | +0.16 |
| KKR KKR & Co. Inc. | Add +47.0% | 0.50% | +0.15 |
| KR Kroger Co. | Add +46.1% | 0.52% | +0.14 |
| UBER Uber Technologies Inc. | Add +26.6% | 0.56% | +0.14 |
| DUOL Duolingo | Add +2584.0% | 0.14% | +0.14 |
| SPOT Spotify Technology SA | New | 0.14% | +0.14 |
| TTWO Take-Two Interactive Softwre | Add +36.8% | 0.42% | +0.14 |
| TMUS T-Mobile US Inc. | Add +24.0% | 0.66% | +0.13 |
| JNJ Johnson & Johnson | Add +315.0% | 0.16% | +0.13 |
| TSLA Tesla Inc. | New | 0.12% | +0.12 |
| TRMB Trimble Inc. | Add +40.3% | 0.34% | +0.12 |
| BDX Becton Dickinson and Co. | Add +28.3% | 0.41% | +0.12 |
| COST Costco Wholesale Corp. | New | 0.12% | +0.12 |
| BSX Boston Scientific Corp. | Add +24.4% | 0.84% | +0.10 |
| WELL Welltower Inc. | Add +73.7% | 0.20% | +0.10 |
| ARE Alexandria Real Estate Equit | Add +66.7% | 0.21% | +0.10 |
| VRT Vertiv Holdings Co. Class A | Add +246.2% | 0.13% | +0.10 |
| INTR Inter & Co. Inc. Class A | New | 0.10% | +0.10 |
| ALL Allstate Corp. | Add +11.1% | 0.57% | +0.09 |
| CNP Centerpoint Energy Inc. | Add +21.2% | 0.38% | +0.09 |
| NI Nisource Inc. | Add +209.0% | 0.11% | +0.08 |
| LRCX Lam Research Corp. | New | 0.08% | +0.08 |
| GE General Electric | New | 0.07% | +0.07 |
| SLB SLB Ltd. | New | 0.07% | +0.07 |
| BAC Bank of America Corp. | Add +1.8% | 0.67% | +0.07 |
| C Citigroup Inc. | Add +38.1% | 0.18% | +0.07 |
| CGNX Cognex Corp. | Add +5.9% | 0.20% | +0.07 |
| AJG Arthur J Gallagher & Co. | Add +37.9% | 0.27% | +0.07 |
| MRK Merck & Co. Inc. | Add +9.7% | 0.43% | +0.06 |
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 |