AA
Andra AP-fonden — 13F Portfolio Changes & Top Buys (Q1 2026)
Andra AP-fondenCIK: 0001535452
Diversified strategyMomentum followerHigh-turnover trader
Total reported value
$8.4B
Reporting period: 2026-03-31 · Number of holdings: 396
Andra AP-fonden disclosed 396 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $8.4B and a quarterly turnover rate of 73.0%.
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Personality snowflake
- Concentration
- 7.83
- Portfolio Stability
- 73.05
- Momentum
- 100
- Sector conviction
- 56.06
- Diversification
- 100
- Sizing Uniformity
- 73.98
Andra AP-fonden's disclosed holdings carry a Herfindahl concentration index of 0.020 — mathematically equivalent to about 51 equally-sized positions, well below its 396 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 2.60), 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.govAdd NVDA
+68.4% $224.2M
Add AAPL
+72.7% $210.0M
Trim QCOM
-72.8% -$133.9M
Add GOOG
+186.5% $127.7M
Add GOOGL
+93.4% $107.5M
Add MSFT
+83.7% $110.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 396 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 7.32% | +2.50% | +68.38% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 6.59% | +2.35% | +72.69% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 4.56% | +1.20% | +83.73% | |
| 4 | AZN | AstraZeneca PLC | Stock-Healthcare | 4.14% | +4.14% | NEW | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.45% | +1.14% | +71.78% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.93% | +1.22% | +93.44% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.46% | +1.49% | +186.50% | |
| 8 | AVGO | Broadcom Inc | Stock-Tech | 2.40% | +1.00% | +99.11% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.21% | +1.04% | +126.43% | |
| 10 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.39% | +0.29% | +52.87% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.34% | +0.38% | +58.79% | |
| 12 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.16% | +0.29% | +16.30% | |
| 13 | WMT | Walmart Inc | Stock-Consumer Staples | 1.04% | +0.59% | +120.87% | |
| 14 | MA | Mastercard Inc - A | Stock-Financials | 0.83% | -0.06% | +10.65% | |
| 15 | MU | Micron Technology Inc | Stock-Tech | 0.82% | +0.17% | +10.76% | |
| 16 | V | Visa Inc-class A Shares | Stock-Financials | 0.82% | -0.08% | +9.06% | |
| 17 | AMD | Advanced Micro Devices | Stock-Tech | 0.77% | +0.52% | +230.41% | |
| 18 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.74% | +0.57% | +284.66% | |
| 19 | ABBV | Abbvie Inc | Stock-Healthcare | 0.74% | +0.18% | +44.18% | |
| 20 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.71% | -0.14% | +5.89% | |
| 21 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.61% | +0.22% | +46.92% | |
| 22 | GE | General Electric | Stock-Industrials | 0.58% | +0.36% | +197.80% | |
| 23 | HD | Home Depot Inc | Stock-Consumer Disc | 0.56% | +0.17% | +55.41% | |
| 24 | NFLX | Netflix Inc | Stock-Comm Services | 0.56% | -0.21% | -27.01% | |
| 25 | CSCO | Cisco Systems Inc | Stock-Tech | 0.53% | +0.09% | +23.09% | |
| 26 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.52% | -0.04% | -14.86% | |
| 27 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.51% | +0.36% | +239.48% | |
| 28 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.50% | +0.36% | +272.18% | |
| 29 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.48% | -0.10% | -18.17% | |
| 30 | BAC | Bank Of America CORP | Stock-Financials | 0.47% | +0.25% | +151.38% | |
| 31 | LRCX | Lam Research CORP | Stock-Tech | 0.45% | -0.52% | -61.38% | |
| 32 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 0.42% | +0.04% | -3.78% | |
| 33 | RY | Royal Bank Of Canada | Stock-Financials | 0.42% | +0.37% | +875.45% | |
| 34 | WFC | Wells Fargo & Co | Stock-Financials | 0.42% | -0.03% | +11.37% | |
| 35 | QCOM | Qualcomm Inc | Stock-Tech | 0.41% | -1.67% | -72.82% | |
| 36 | KGC | Kinross Gold CORP | Stock-Materials | 0.40% | -0.26% | -43.19% | |
| 37 | NEE | Nextera Energy Inc | Stock-Utilities | 0.40% | +0.28% | +194.39% | |
| 38 | NU | Nu Holdings Ltd. | Stock-Financials | 0.40% | +0.10% | +57.68% | |
| 39 | ORCL | Oracle CORP | Stock-Tech | 0.39% | +0.10% | +85.28% | |
| 40 | AMAT | Applied Materials Inc | Stock-Tech | 0.38% | -0.61% | -69.86% | |
| 41 | GILD | Gilead Sciences Inc | Stock-Healthcare | 0.37% | -0.36% | -53.89% | |
| 42 | ANET | Arista Networks Inc | Stock-Tech | 0.37% | +0.04% | +22.55% | |
| 43 | SHOP | Shopify Inc - Class A | Stock-Tech | 0.36% | +0.17% | +166.88% | |
| 44 | APH | Amphenol Corp-cl A | Stock-Tech | 0.36% | +0.16% | +96.17% | |
| 45 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 0.36% | -0.06% | +13.07% | |
| 46 | WELL | Welltower Inc | Stock-Real Estate | 0.36% | +0.05% | +11.70% | |
| 47 | LIN | Linde plc | Stock-Materials | 0.36% | +0.13% | +35.69% | |
| 48 | IBM | Intl Business Machines CORP | Stock-Tech | 0.35% | -0.01% | +24.02% | |
| 49 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.35% | -0.07% | +3.33% | |
| 50 | ADI | Analog Devices Inc | Stock-Tech | 0.35% | +0.19% | +94.00% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.8%
Performance Last 4 Quarters
+23.8%
- Stdev
- +14.3%
- Beta
- +1.05
- Alpha
- -3.4%
- Max Drawdown
- -8.9%
- Annualized Perf
- +17.9%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.39
- Stutzer
- +0.36
- Treynor
- +0.17
- Sterling
- +1.08
- Calmar
- +2.02
- Information Ratio
- -0.55
- Tracking Error
- +4.4%
- Stdev Down
- +7.3%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +30.8%
- Worst 12 Months
- +2.2%
- Efficiency Ratio
- +0.5
- Sharpe
- +1.23
- Stdev Sectors
- +9.3%
- Skewness
- +0.04
- Kurtosis
- -0.47
- Upside Potential
- +4.1
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 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 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: The Magnum Ice Cream Company N. (MICC); Sold out: Pinterest Inc- Class A (PINS); Sold out: On Semiconductor (ON); Sold out: Gartner Inc (IT).
Showing top 200 changes by size (of 462 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +2.5% | +68.38% | Add |
| 2 | AAPL | Apple Inc | +2.4% | +72.69% | Add |
| 3 | GOOG | Alphabet Inc-cl C | +1.5% | +186.50% | Add |
| 4 | GOOGL | Alphabet Inc-cl A | +1.2% | +93.44% | Add |
| 5 | MSFT | Microsoft CORP | +1.2% | +83.73% | Add |
| 6 | AMZN | Amazon.com Inc | +1.1% | +71.78% | Add |
| 7 | META | Meta Platforms Inc-class A | +1% | +126.43% | Add |
| 8 | AVGO | Broadcom Inc | +1% | +99.11% | Add |
| 9 | WMT | Walmart Inc | +0.6% | +120.87% | Add |
| 10 | COST | Costco Wholesale CORP | +0.6% | +284.66% | Add |
| 11 | AMD | Advanced Micro Devices | +0.5% | +230.41% | Add |
| 12 | JPM | Jpmorgan Chase & Co | +0.4% | +58.79% | Add |
| 13 | RY | Royal Bank Of Canada | +0.4% | +875.45% | Add |
| 14 | PEP | Pepsico Inc | +0.4% | +239.48% | Add |
| 15 | GE | General Electric | +0.4% | +197.80% | Add |
| 16 | PG | Procter & Gamble Co/the | +0.4% | +272.18% | Add |
| 17 | TMO | Thermo Fisher Scientific Inc | +0.3% | +1411.87% | Add |
| 18 | MS | Morgan Stanley | +0.3% | +783.91% | Add |
| 19 | LLY | Eli Lilly & Co | +0.3% | +52.87% | Add |
| 20 | JNJ | Johnson & Johnson | +0.3% | +16.30% | Add |
| 21 | MCD | Mcdonald's CORP | +0.3% | +995.11% | Add |
| 22 | NEE | Nextera Energy Inc | +0.3% | +194.39% | Add |
| 23 | BAC | Bank Of America CORP | +0.3% | +151.38% | Add |
| 24 | UNH | Unitedhealth Group Inc | +0.2% | +376.67% | Add |
| 25 | KO | Coca-cola Co/the | +0.2% | +46.92% | Add |
| 26 | INTC | Intel CORP | +0.2% | +203.64% | Add |
| 27 | ADI | Analog Devices Inc | +0.2% | +94.00% | Add |
| 28 | GLW | Corning Inc | +0.2% | +429.49% | Add |
| 29 | CB | Chubb Limited | +0.2% | +347.64% | Add |
| 30 | UNP | Union Pacific CORP | +0.2% | +532.11% | Add |
| 31 | ABBV | Abbvie Inc | +0.2% | +44.18% | Add |
| 32 | MRVL | Marvell Technology Inc | +0.2% | +1800.45% | Add |
| 33 | RMD | Resmed Inc | +0.2% | +437.83% | Add |
| 34 | NDSN | Nordson CORP | +0.2% | +1234.68% | Add |
| 35 | MU | Micron Technology Inc | +0.2% | +10.76% | Add |
| 36 | HD | Home Depot Inc | +0.2% | +55.41% | Add |
| 37 | SHOP | Shopify Inc - Class A | +0.2% | +166.88% | Add |
| 38 | IQV | Iqvia Holdings Inc | +0.2% | +320.09% | Add |
| 39 | PLD | Prologis Inc | +0.2% | +196.17% | Add |
| 40 | SSNC | Ss&c Technologies Holdings | +0.2% | +3879.25% | Add |
| 41 | APH | Amphenol Corp-cl A | +0.2% | +96.17% | Add |
| 42 | SPG | Simon Property Group Inc | +0.2% | +244.28% | Add |
| 43 | JNJ | Johnson & Johnson | +0.2% | +192.61% | Add |
| 44 | NSC | Norfolk Southern CORP | +0.2% | +253.90% | Add |
| 45 | PH | Parker Hannifin CORP | +0.2% | +90.28% | Add |
| 46 | DHR | Danaher CORP | +0.1% | +648.68% | Add |
| 47 | SCCO | Southern Copper CORP | +0.1% | +2439.38% | Add |
| 48 | FIX | Comfort Systems USA Inc | +0.1% | +79.65% | Add |
| 49 | WST | West Pharmaceutical Services | +0.1% | +723.46% | Add |
| 50 | NKE | Nike Inc -cl B | +0.1% | +1731.38% | Add |
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 (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $8.4B, spread across 396 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) — $614.4M (7.3%)
2. Apple Inc (AAPL) — $553.2M (6.6%)
3. Microsoft CORP (MSFT) — $382.4M (4.6%)
4. AstraZeneca PLC (AZN) — $347.1M (4.1%)
5. Amazon.com Inc (AMZN) — $289.8M (3.5%)
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: 12 new positions were initiated, 80 existing holdings were added to, 84 positions were partially reduced, and 24 were completely exited. The largest of these moves: New buy: AstraZeneca PLC (AZN); Sold out: The Magnum Ice Cream Company N. (MICC); Sold out: Pinterest Inc- Class A (PINS); Sold out: On Semiconductor (ON); Sold out: Gartner Inc (IT)
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: 34.8%
• Health Care: 15.9%
• Financials: 10.9%
• Communication Services: 10.6%
• Consumer Discretionary: 8.7%
• Industrials: 7.7%
Investment Profile
Andra AP-fonden returned an annualized 17.9% over the trailing 36 months — underperforming the S&P 500 by 3.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.05 (roughly in line with the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 34.8% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 100 to 73 over the past 4 quarters — a shift toward longer holding periods.
It has added to its NVDA position over the past two quarters (+$409.2M, now $614.4M), while trimming QCOM over the same stretch (-$211.2M, still holding $34.5M).
Peer Institutions
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Concentration3.7
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Sector conviction62.7
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FI
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HC
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Total reported value
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Concentration16.5
Portfolio Stability0.0
Sector conviction72.2
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FA
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CIK 0000003520
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Concentration15.7
Portfolio Stability42.3
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Also holds Nvidia CORP as its largest position
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JC
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Total reported value
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Concentration3.7
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Also holds Nvidia CORP as its largest position
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Developer Access
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