AA
Andra AP-fonden — 13F Portfolio Changes & Top Buys (Q2 2026)
Andra AP-fondenCIK: 0001535452
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$8.7B
Reporting period: 2026-06-30 · Number of holdings: 393
Andra AP-fonden disclosed 393 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $8.7B and a quarterly turnover rate of 34.8%.
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Personality snowflake
- Concentration
- 6.87
- Portfolio Stability
- 34.83
- Momentum
- 100
- Sector conviction
- 64.44
- Diversification
- 100
- Sizing Uniformity
- 76
Andra AP-fonden's disclosed holdings carry a Herfindahl concentration index of 0.017 — mathematically equivalent to about 58 equally-sized positions, well below its 393 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.40), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim AZN
+122.9% -$272.9M
Add MU
-16.6% $127.3M
Trim MSFT
-12.7% -$45.9M
Add AMAT
+34.4% $59.2M
New buy TD
Add INTC
-10.6% $46.6M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 393 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.83% | -0.49% | -15.61% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 6.41% | -0.18% | -11.58% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 3.87% | -0.69% | -12.68% | |
| 4 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.34% | -0.11% | -12.32% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.10% | +0.17% | -11.71% | |
| 6 | AVGO | Broadcom Inc | Stock-Tech | 2.57% | +0.17% | -8.90% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.46% | — | -15.90% | |
| 8 | MU | Micron Technology Inc | Stock-Tech | 2.25% | +1.43% | -16.59% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.84% | -0.37% | -12.50% | |
| 10 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.56% | +0.17% | -10.78% | |
| 11 | AMD | Advanced Micro Devices | Stock-Tech | 1.24% | +0.47% | -41.27% | |
| 12 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.21% | -0.13% | -15.84% | |
| 13 | AMAT | Applied Materials Inc | Stock-Tech | 1.05% | +0.67% | +34.44% | |
| 14 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.03% | -0.13% | -11.23% | |
| 15 | LRCX | Lam Research CORP | Stock-Tech | 0.94% | +0.48% | +6.04% | |
| 16 | AZN | AstraZeneca PLC | Stock-Healthcare | 0.85% | -3.29% | +122.90% | |
| 17 | WMT | Walmart Inc | Stock-Consumer Staples | 0.84% | -0.19% | -8.17% | |
| 18 | INTC | Intel CORP | Stock-Tech | 0.83% | +0.53% | -10.58% | |
| 19 | ABBV | Abbvie Inc | Stock-Healthcare | 0.78% | +0.04% | -5.29% | |
| 20 | V | Visa Inc-class A Shares | Stock-Financials | 0.77% | -0.05% | -13.57% | |
| 21 | CSCO | Cisco Systems Inc | Stock-Tech | 0.75% | +0.22% | -2.80% | |
| 22 | MA | Mastercard Inc - A | Stock-Financials | 0.70% | -0.13% | -15.49% | |
| 23 | BAC | Bank Of America CORP | Stock-Financials | 0.59% | +0.12% | +10.33% | |
| 24 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.59% | -0.15% | -12.58% | |
| 25 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.58% | -0.03% | -7.51% | |
| 26 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.57% | +0.05% | +6.80% | |
| 27 | GE | General Electric | Stock-Industrials | 0.57% | -0.01% | -21.93% | |
| 28 | TD | Toronto-dominion Bank | Stock-Financials | 0.54% | +0.54% | NEW | |
| 29 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.53% | +0.20% | +10.06% | |
| 30 | KLAC | Kla CORP | Stock-Tech | 0.53% | +0.31% | +1097.68% | |
| 31 | SHOP | Shopify Inc - Class A | Stock-Tech | 0.52% | +0.16% | +50.27% | |
| 32 | HD | Home Depot Inc | Stock-Consumer Disc | 0.51% | -0.05% | -12.43% | |
| 33 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.51% | -0.20% | -6.62% | |
| 34 | WDC | Western Digital CORP | Stock-Tech | 0.51% | +0.25% | -15.51% | |
| 35 | RY | Royal Bank Of Canada | Stock-Financials | 0.50% | +0.08% | -4.90% | |
| 36 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.46% | -0.05% | +7.44% | |
| 37 | TXN | Texas Instruments Inc | Stock-Tech | 0.46% | +0.17% | +6.31% | |
| 38 | QCOM | Qualcomm Inc | Stock-Tech | 0.44% | +0.03% | -21.79% | |
| 39 | C | Citigroup Inc | Stock-Financials | 0.44% | +0.14% | +22.32% | |
| 40 | IBM | Intl Business Machines CORP | Stock-Tech | 0.44% | +0.09% | +9.67% | |
| 41 | DELL | Dell Technologies -c | Stock-Tech | 0.43% | +0.28% | +16.02% | |
| 42 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.42% | -0.06% | -2.84% | |
| 43 | NU | Nu Holdings Ltd. | Stock-Financials | 0.42% | +0.02% | +17.70% | |
| 44 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.42% | +0.08% | +25.33% | |
| 45 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.40% | +0.05% | +0.46% | |
| 46 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.39% | +0.18% | +0.18% | |
| 47 | NFLX | Netflix Inc | Stock-Comm Services | 0.38% | -0.18% | -3.33% | |
| 48 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 0.37% | +0.10% | +63.38% | |
| 49 | APH | Amphenol Corp-cl A | Stock-Tech | 0.37% | +0.01% | -23.62% | |
| 50 | NEE | Nextera Energy Inc | Stock-Utilities | 0.37% | -0.03% | +1.53% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+3%
Performance Last 4 Quarters
+18.2%
- Stdev
- +13.8%
- Beta
- +1.06
- Alpha
- -3.9%
- Max Drawdown
- -8.9%
- Annualized Perf
- +19.6%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.78
- Stutzer
- +0.4
- Treynor
- +0.18
- Sterling
- +1.18
- Calmar
- +2.21
- Information Ratio
- -0.62
- Tracking Error
- +4.4%
- Stdev Down
- +6.8%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +30.8%
- Worst 12 Months
- +2.2%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.37
- Stdev Sectors
- +10.6%
- Skewness
- +0.07
- Kurtosis
- -0.29
- Upside Potential
- +4.39
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 393 | $8.7B | 35 | ||
| 2026 Q1 | 396 | $8.4B | 73 | ||
| 2025 Q4 | 402 | $8.1B | 56 | ||
| 2025 Q3 | 404 | $7.8B | 66 | ||
| 2025 Q2 | 467 | $7.2B | 0 | ||
| 2025 Q1 | 463 | $6.1B | 100 | ||
| 2024 Q4 | 385 | $6.2B | 0 | ||
| 2024 Q3 | 426 | $6.8B | 0 | ||
| 2024 Q2 | 415 | $6.0B | 0 | ||
| 2024 Q1 | 363 | $5.6B | 0 | ||
| 2023 Q4 | 229 | $1.9B | 0 | ||
| 2023 Q3 | 260 | $1.7B | 0 | ||
| 2023 Q2 | 581 | $4.0B | 0 | ||
| 2023 Q1 | 558 | $3.8B | 0 | ||
| 2022 Q4 | 567 | $3.3B | 0 | ||
| 2022 Q3 | 556 | $3.1B | 0 | ||
| 2022 Q2 | 572 | $3.5B | 0 | ||
| 2021 Q4 | 557 | $4.9B | 0 | ||
| 2021 Q3 | 597 | $4.9B | 0 | ||
| 2021 Q2 | 594 | $4.9B | 100 | ||
| 2021 Q1 | 582 | $4.5B | 22 | ||
| 2020 Q4 | 601 | $4.5B | 40 | ||
| 2020 Q3 | 618 | $3.7B | 29 | ||
| 2020 Q2 | 639 | $3.4B | 38 | ||
| 2020 Q1 | 664 | $2.8B | 35 | ||
| 2019 Q4 | 666 | $3.5B | 26 | ||
| 2019 Q3 | 658 | $3.4B | 17 | ||
| 2019 Q2 | 657 | $3.5B | 23 | ||
| 2019 Q1 | 637 | $3.4B | 32 | ||
| 2018 Q3 | 636 | $3.9B | 16 | ||
| 2018 Q2 | 641 | $3.7B | 24 | ||
| 2018 Q1 | 649 | $3.9B | 74 | ||
| 2017 Q4 | 673 | $4.4B | 18 | ||
| 2017 Q3 | 660 | $4.3B | 15 | ||
| 2017 Q2 | 669 | $4.0B | 30 | ||
| 2017 Q1 | 644 | $4.3B | 25 | ||
| 2016 Q4 | 648 | $3.7B | 28 | ||
| 2016 Q3 | 599 | $3.7B | 20 | ||
| 2016 Q2 | 651 | $3.9B | 22 | ||
| 2016 Q1 | 660 | $3.8B | 26 | ||
| 2015 Q4 | 594 | $3.5B | 23 | ||
| 2015 Q3 | 612 | $3.4B | 18 | ||
| 2015 Q2 | 611 | $3.5B | 23 | ||
| 2015 Q1 | 608 | $3.5B | 30 | ||
| 2014 Q4 | 587 | $4.3B | 31 | ||
| 2014 Q3 | 562 | $4.3B | 25 | ||
| 2014 Q2 | 563 | $4.6B | 66 | ||
| 2014 Q1 | 550 | $4.3B | 30 | ||
| 2013 Q4 | 559 | $4.2B | 22 | ||
| 2013 Q3 | 556 | $3.9B | 20 | ||
| 2013 Q2 | 587 | $3.8B | — |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
Andra AP-fonden's most significant position changes for 2026-06-30: New buy: Toronto-dominion Bank (TD); New buy: Lumentum Holdings Inc (LITE); New buy: Xpo Inc (XPO); Sold out: Labcorp Holdings Inc (LH); New buy: Starbucks CORP (SBUX).
Showing top 200 changes by size (of 449 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +1.4% | -16.59% | Trim |
| 2 | AMAT | Applied Materials Inc | +0.7% | +34.44% | Add |
| 3 | TD | Toronto-dominion Bank | +0.5% | NEW | New buy |
| 4 | INTC | Intel CORP | +0.5% | -10.58% | Trim |
| 5 | LRCX | Lam Research CORP | +0.5% | +6.04% | Add |
| 6 | AMD | Advanced Micro Devices | +0.5% | -41.27% | Trim |
| 7 | KLAC | Kla CORP | +0.3% | +1097.68% | Add |
| 8 | CRM | Salesforce Inc | +0.3% | +4855.06% | Add |
| 9 | DELL | Dell Technologies -c | +0.3% | +16.02% | Add |
| 10 | WDC | Western Digital CORP | +0.3% | -15.51% | Trim |
| 11 | CSCO | Cisco Systems Inc | +0.2% | -2.80% | Trim |
| 12 | UNH | Unitedhealth Group Inc | +0.2% | +10.06% | Add |
| 13 | LITE | Lumentum Holdings Inc | +0.2% | NEW | New buy |
| 14 | XPO | Xpo Inc | +0.2% | NEW | New buy |
| 15 | CRWD | Crowdstrike Holdings Inc - A | +0.2% | +0.18% | Add |
| 16 | GOOGL | Alphabet Inc-cl A | +0.2% | -11.71% | Trim |
| 17 | AVGO | Broadcom Inc | +0.2% | -8.90% | Trim |
| 18 | LLY | Eli Lilly & Co | +0.2% | -10.78% | Trim |
| 19 | TXN | Texas Instruments Inc | +0.2% | +6.31% | Add |
| 20 | STX | Seagate Technology Holdings plc | +0.2% | -11.50% | Trim |
| 21 | REGN | Regeneron Pharmaceuticals | +0.2% | +583.18% | Add |
| 22 | TER | Teradyne Inc | +0.2% | +18.34% | Add |
| 23 | SHOP | Shopify Inc - Class A | +0.2% | +50.27% | Add |
| 24 | MRVL | Marvell Technology Inc | +0.2% | -37.69% | Trim |
| 25 | CIEN | Ciena CORP | +0.2% | +250.61% | Add |
| 26 | C | Citigroup Inc | +0.1% | +22.32% | Add |
| 27 | NTAP | Netapp Inc | +0.1% | +168.24% | Add |
| 28 | SBUX | Starbucks CORP | +0.1% | NEW | New buy |
| 29 | CVS | Cvs Health CORP | +0.1% | +96.60% | Add |
| 30 | ED | Consolidated Edison Inc | +0.1% | +5120.00% | Add |
| 31 | BURL | Burlington Stores Inc | +0.1% | +959.79% | Add |
| 32 | RKLB | Rocket Lab CORP | +0.1% | +668.64% | Add |
| 33 | BAC | Bank Of America CORP | +0.1% | +10.33% | Add |
| 34 | ABNB | Airbnb Inc-class A | +0.1% | +63.74% | Add |
| 35 | HSY | Hershey Co/the | +0.1% | +272.24% | Add |
| 36 | HPE | Hewlett Packard Enterprise | +0.1% | NEW | New buy |
| 37 | DG | Dollar General CORP | +0.1% | +124.33% | Add |
| 38 | PFE | Pfizer Inc | +0.1% | +196.56% | Add |
| 39 | CFG | Citizens Financial Group | +0.1% | +94.73% | Add |
| 40 | AUGO | Aura Minerals Inc. | +0.1% | NEW | New buy |
| 41 | EXPD | Expeditors Intl Wash Inc | +0.1% | +150.97% | Add |
| 42 | NTR | Nutrien LTD | +0.1% | +419.93% | Add |
| 43 | GLW | Corning Inc | +0.1% | -16.06% | Trim |
| 44 | EXPE | Expedia Group Inc | +0.1% | +46.66% | Add |
| 45 | VTR | Ventas Inc | +0.1% | +514.00% | Add |
| 46 | BDX | Becton Dickinson And Co | +0.1% | NEW | New buy |
| 47 | NTRA | Natera Inc | +0.1% | +16.92% | Add |
| 48 | EQIX | Equinix Inc | +0.1% | +102.69% | Add |
| 49 | ISRG | Intuitive Surgical Inc | +0.1% | +63.38% | Add |
| 50 | BE | Bloom Energy Corp- A | +0.1% | -21.60% | Trim |
1–50 of 200
Filing History
FAQ
What is Andra AP-fonden and what type of investor is it?
Andra AP-fonden is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $8.7B, spread across 393 disclosed positions.
What are Andra AP-fonden's largest equity positions?
Based on the latest 13F filing, Andra AP-fonden's top holdings by market value are:
1. Nvidia CORP (NVDA) — $594.9M (6.8%)
2. Apple Inc (AAPL) — $557.7M (6.4%)
3. Microsoft CORP (MSFT) — $336.5M (3.9%)
4. Amazon.com Inc (AMZN) — $290.8M (3.3%)
5. Alphabet Inc-cl A (GOOGL) — $269.8M (3.1%)
What changes did Andra AP-fonden make in its most recent portfolio filing?
In the latest reported quarter, Andra AP-fonden made 200 notable position adjustments: 16 new positions were initiated, 81 existing holdings were added to, 83 positions were partially reduced, and 20 were completely exited. The largest of these moves: New buy: Toronto-dominion Bank (TD); New buy: Lumentum Holdings Inc (LITE); New buy: Xpo Inc (XPO); Sold out: Labcorp Holdings Inc (LH); New buy: Starbucks CORP (SBUX)
What sectors does Andra AP-fonden focus on?
Andra AP-fonden is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.1%
• Health Care: 12.6%
• Financials: 11.6%
• Communication Services: 10.2%
• Consumer Discretionary: 8.2%
• Industrials: 6.8%
Investment Profile
Andra AP-fonden returned an annualized 19.6% over the trailing 36 months — underperforming the S&P 500 by 3.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.06 (roughly in line with the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 40.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 35 over the past 4 quarters — a shift toward more active trading.
It has added to its AAPL position over the past two quarters (+$214.6M, now $557.7M), while trimming APP over the same stretch (-$49.4M, still holding $20.8M).
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Developer Access
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