HF
Handelsbanken Fonder AB — 13F Portfolio Changes & Top Buys (Q2 2026)
Handelsbanken Fonder ABCIK: 0001398318
Diversified strategyMomentum followerSector-focused
Total reported value
$35.1B
Reporting period: 2026-06-30 · Number of holdings: 1485
Handelsbanken Fonder AB disclosed 1485 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $35.1B and a quarterly turnover rate of 27.3%.
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Personality snowflake
- Concentration
- 6.63
- Portfolio Stability
- 27.31
- Momentum
- 100
- Sector conviction
- 68.61
- Diversification
- 100
- Sizing Uniformity
- 51.37
Handelsbanken Fonder AB's disclosed holdings carry a Herfindahl concentration index of 0.017 — mathematically equivalent to about 60 equally-sized positions, well below its 1485 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 4.86), 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 MU
+6.3% $527.6M
Add AMD
+19.7% $411.3M
Add INTC
+22.4% $234.4M
Add AMAT
+29.6% $212.5M
Trim NFLX
-16.1% -$122.0M
Trim MSFT
+3.1% $53.4M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
This fund is aggressively adding to semiconductors and big tech — especially laggards like INTC — while already sitting on a 41% IT weighting. They are not rotating; they are doubling down on the AI capex cycle and trying to pick bottoms in cyclical names.
Macro & Fundamentals
The embedded macro bet is that AI-driven capex remains robust and that the macro environment stays benign enough (low rates, stable growth) to sustain tech valuations. The opposing thesis is that the tech trade is historically crowded, inventories are turning, and any liquidity or policy shock triggers a violent positioning squeeze.
Blind Spots / Risks
The structural vulnerability is that the fund's boast of diversification (1,485 holdings) masks an extreme implicit single-narrative bet. With almost no exposure to energy, materials, or defensives, the portfolio has no natural hedge if the AI narrative falters due to capex fatigue or a macro regime shift.
This overview is machine-generated from this institution's regulatory filings on SEC EDGAR and describes past disclosures only — it does not constitute financial advice. View the original 2026-06-30 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1485 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.48% | -0.13% | +0.04% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 5.70% | -0.34% | -3.29% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 4.05% | -0.51% | +3.11% | |
| 4 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.52% | -0.04% | +0.97% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.00% | +0.24% | +2.51% | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.87% | +0.14% | +0.01% | |
| 7 | AVGO | Broadcom Inc | Stock-Tech | 2.67% | -0.04% | -5.36% | |
| 8 | LLY | Eli Lilly & Co | Stock-Healthcare | 2.33% | +0.16% | -3.90% | |
| 9 | MU | Micron Technology Inc | Stock-Tech | 2.07% | +1.40% | +6.31% | |
| 10 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.80% | -0.35% | -0.82% | |
| 11 | AMD | Advanced Micro Devices | Stock-Tech | 1.66% | +1.09% | +19.66% | |
| 12 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.45% | -0.09% | -1.30% | |
| 13 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.42% | -0.16% | +0.96% | |
| 14 | ABBV | Abbvie Inc | Stock-Healthcare | 0.98% | -0.02% | -1.38% | |
| 15 | AMAT | Applied Materials Inc | Stock-Tech | 0.95% | +0.54% | +29.64% | |
| 16 | INTC | Intel CORP | Stock-Tech | 0.90% | +0.63% | +22.36% | |
| 17 | CSCO | Cisco Systems Inc | Stock-Tech | 0.82% | +0.16% | -3.65% | |
| 18 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.81% | +0.50% | +97.27% | |
| 19 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.77% | -0.27% | -15.17% | |
| 20 | MA | Mastercard Inc - A | Stock-Financials | 0.75% | -0.12% | -2.46% | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.75% | -0.08% | +0.34% | |
| 22 | KLAC | Kla CORP | Stock-Tech | 0.74% | +0.35% | +978.22% | |
| 23 | BAC | Bank Of America CORP | Stock-Financials | 0.74% | -0.01% | -1.51% | |
| 24 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.72% | -0.03% | +5.12% | |
| 25 | BE | Bloom Energy Corp- A | Stock-Industrials | 0.70% | +0.19% | -27.83% | |
| 26 | LRCX | Lam Research CORP | Stock-Tech | 0.70% | +0.27% | -5.85% | |
| 27 | NXT | Nextpower Inc-cl A | Stock-Tech | 0.68% | -0.13% | -0.34% | |
| 28 | V | Visa Inc-class A Shares | Stock-Financials | 0.63% | -0.02% | +0.37% | |
| 29 | CAT | Caterpillar Inc | Stock-Industrials | 0.62% | +0.32% | +59.64% | |
| 30 | NFLX | Netflix Inc | Stock-Comm Services | 0.57% | -0.51% | -16.13% | |
| 31 | ANET | Arista Networks Inc | Stock-Tech | 0.56% | +0.04% | -9.47% | |
| 32 | WMT | Walmart Inc | Stock-Consumer Staples | 0.55% | -0.18% | -3.86% | |
| 33 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.53% | -0.08% | -28.44% | |
| 34 | HD | Home Depot Inc | Stock-Consumer Disc | 0.53% | -0.08% | -5.29% | |
| 35 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.52% | +0.13% | -25.72% | |
| 36 | IBM | Intl Business Machines CORP | Stock-Tech | 0.51% | +0.23% | +86.70% | |
| 37 | FSLR | First Solar Inc | Stock-Tech | 0.46% | +0.07% | +15.02% | |
| 38 | WDC | Western Digital CORP | Stock-Tech | 0.42% | +0.30% | +71.43% | |
| 39 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 0.40% | +0.06% | +22.03% | |
| 40 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.39% | -0.06% | -0.97% | |
| 41 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.37% | -0.04% | +0.97% | |
| 42 | SNDK | Sandisk CORP | Stock-Tech | 0.37% | +0.28% | +35.13% | |
| 43 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 0.36% | -0.18% | -8.90% | |
| 44 | PWR | Quanta Services Inc | Stock-Industrials | 0.36% | -0.03% | -18.05% | |
| 45 | AMGN | Amgen Inc | Stock-Healthcare | 0.36% | +0.01% | +15.71% | |
| 46 | MRVL | Marvell Technology Inc | Stock-Tech | 0.36% | +0.17% | -25.87% | |
| 47 | TXN | Texas Instruments Inc | Stock-Tech | 0.36% | +0.12% | +13.93% | |
| 48 | GILD | Gilead Sciences Inc | Stock-Healthcare | 0.35% | -0.14% | -7.24% | |
| 49 | MCK | Mckesson CORP | Stock-Healthcare | 0.35% | -0.18% | -13.48% | |
| 50 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.33% | +0.13% | -2.06% |
1–50 of 200
* 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.
Portfolio Performance
Performance for Q3 2026
+1.5%
Performance Last 4 Quarters
+20.3%
- Stdev
- +13.9%
- Beta
- +1.06
- Alpha
- -5.1%
- Max Drawdown
- -8.4%
- Annualized Perf
- +16.2%
- Batting Avg vs S&P
- +30.6%
- Sortino
- +2.21
- Stutzer
- +0.34
- Treynor
- +0.15
- Sterling
- +0.97
- Calmar
- +1.93
- Information Ratio
- -1.48
- Tracking Error
- +2.7%
- Stdev Down
- +7.3%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +30.2%
- Worst 12 Months
- +2.1%
- Efficiency Ratio
- +0.47
- Sharpe
- +1.15
- Stdev Sectors
- +11.2%
- Skewness
- +0.14
- Kurtosis
- +0.05
- Upside Potential
- +3.9
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 1485 | $35.1B | 27 | ||
| 2026 Q1 | 1491 | $30.0B | 20 | ||
| 2025 Q4 | 1495 | $33.1B | 23 | ||
| 2025 Q3 | 1499 | $31.5B | 39 | ||
| 2025 Q2 | 1513 | $28.2B | 0 | ||
| 2025 Q1 | 1527 | $24.3B | 100 | ||
| 2024 Q4 | 1542 | $26.2B | 0 | ||
| 2024 Q3 | 1522 | $25.3B | 0 | ||
| 2024 Q2 | 1520 | $23.0B | 0 | ||
| 2024 Q1 | 1562 | $23.2B | 0 | ||
| 2023 Q4 | 1556 | $20.6B | 0 | ||
| 2023 Q3 | 1564 | $17.9B | 0 | ||
| 2023 Q2 | 1568 | $18.7B | 0 | ||
| 2023 Q1 | 1564 | $17.3B | 0 | ||
| 2022 Q4 | 1558 | $15.9B | 0 | ||
| 2022 Q3 | 1565 | $14.9B | 0 | ||
| 2022 Q2 | 1609 | $15.4B | 0 | ||
| 2022 Q1 | 1700 | $17.9B | 0 | ||
| 2021 Q4 | 1736 | $20.3B | 0 | ||
| 2021 Q3 | 1675 | $19.1B | 0 | ||
| 2021 Q2 | 1704 | $19.2B | 96 | ||
| 2021 Q1 | 1558 | $17.6B | 19 | ||
| 2020 Q4 | 1545 | $16.4B | 24 | ||
| 2020 Q3 | 1451 | $13.6B | 19 | ||
| 2020 Q2 | 1432 | $11.9B | 91 | ||
| 2020 Q1 | 171 | $4.6B | 38 | ||
| 2019 Q4 | 182 | $5.8B | 25 | ||
| 2019 Q3 | 180 | $4.9B | 25 | ||
| 2019 Q2 | 189 | $5.4B | 20 | ||
| 2019 Q1 | 182 | $5.2B | 24 | ||
| 2018 Q4 | 167 | $5.0B | 24 | ||
| 2018 Q3 | 182 | $5.3B | 26 | ||
| 2018 Q2 | 200 | $5.1B | 22 | ||
| 2018 Q1 | 195 | $5.1B | 25 | ||
| 2017 Q4 | 190 | $4.6B | 18 | ||
| 2017 Q3 | 201 | $4.3B | 20 | ||
| 2017 Q2 | 169 | $3.9B | 25 | ||
| 2017 Q1 | 168 | $3.6B | 25 | ||
| 2016 Q4 | 158 | $3.3B | 30 | ||
| 2016 Q3 | 164 | $3.4B | 53 | ||
| 2016 Q2 | 227 | $2.4B | 29 | ||
| 2016 Q1 | 229 | $2.3B | 82 | ||
| 2015 Q4 | 710 | $5.2B | 0 |
Holding changes this quarter
Handelsbanken Fonder AB's most significant position changes for 2026-06-30: New buy: TE Connectivity plc (TEL); Sold out: The Coca-Cola Company (KO); New buy: ; New buy: Oruka Therapeutics Inc (ORKA); Sold out: Carnival CORP LTD (CCL1EUR).
Showing top 200 changes by size (of 1571 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +1.4% | +6.31% | Add |
| 2 | AMD | Advanced Micro Devices | +1.1% | +19.66% | Add |
| 3 | INTC | Intel CORP | +0.6% | +22.36% | Add |
| 4 | AMAT | Applied Materials Inc | +0.5% | +29.64% | Add |
| 5 | UNH | Unitedhealth Group Inc | +0.5% | +97.27% | Add |
| 6 | KLAC | Kla CORP | +0.4% | +978.22% | Add |
| 7 | CAT | Caterpillar Inc | +0.3% | +59.64% | Add |
| 8 | WDC | Western Digital CORP | +0.3% | +71.43% | Add |
| 9 | SNDK | Sandisk CORP | +0.3% | +35.13% | Add |
| 10 | LRCX | Lam Research CORP | +0.3% | -5.85% | Trim |
| 11 | GOOGL | Alphabet Inc-cl A | +0.2% | +2.51% | Add |
| 12 | IBM | Intl Business Machines CORP | +0.2% | +86.70% | Add |
| 13 | ENPH | Enphase Energy Inc | +0.2% | +154.94% | Add |
| 14 | BE | Bloom Energy Corp- A | +0.2% | -27.83% | Trim |
| 15 | CVS | Cvs Health CORP | +0.2% | +83.58% | Add |
| 16 | MRVL | Marvell Technology Inc | +0.2% | -25.87% | Trim |
| 17 | LLY | Eli Lilly & Co | +0.2% | -3.90% | Trim |
| 18 | CSCO | Cisco Systems Inc | +0.2% | -3.65% | Trim |
| 19 | GOOG | Alphabet Inc-cl C | +0.1% | +0.01% | Add |
| 20 | COHR | Coherent CORP | +0.1% | +154.66% | Add |
| 21 | PANW | Palo Alto Networks Inc | +0.1% | -25.72% | Trim |
| 22 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -2.06% | Trim |
| 23 | TXN | Texas Instruments Inc | +0.1% | +13.93% | Add |
| 24 | PLUG | Plug Power Inc | +0.1% | +446.87% | Add |
| 25 | GEV | GE Vernova Inc | +0.1% | +370.35% | Add |
| 26 | TEL | TE Connectivity plc | +0.1% | NEW | New buy |
| 27 | STX | Seagate Technology Holdings plc | +0.1% | -33.27% | Trim |
| 28 | GLW | Corning Inc | +0.1% | -8.41% | Trim |
| 29 | GH | Guardant Health Inc | +0.1% | +159.87% | Add |
| 30 | RVMD | Revolution Medicines Inc | +0.1% | +243.63% | Add |
| 31 | DDOG | Datadog Inc - Class A | +0.1% | +81.57% | Add |
| 32 | FSLR | First Solar Inc | +0.1% | +15.02% | Add |
| 33 | OKTA | Okta Inc | +0.1% | +351.34% | Add |
| 34 | EW | Edwards Lifesciences CORP | +0.1% | +22.03% | Add |
| 35 | MS | Morgan Stanley | +0.1% | +14.82% | Add |
| 36 | MKSI | Mks Inc | +0.1% | -14.55% | Trim |
| 37 | CDNS | Cadence Design Sys Inc | +0.1% | +30.87% | Add |
| 38 | LITE | Lumentum Holdings Inc | +0.1% | +84.51% | Add |
| 39 | TER | Teradyne Inc | +0.1% | +2.61% | Add |
| 40 | DELL | Dell Technologies -c | +0.1% | -20.03% | Trim |
| 41 | ✓ | +0.1% | NEW | New buy | |
| 42 | NTRA | Natera Inc | +0.1% | +29.07% | Add |
| 43 | WAT | Waters CORP | +0.1% | +93.07% | Add |
| 44 | UMBF | Umb Financial CORP | +0.1% | +216.97% | Add |
| 45 | SHLS | Shoals Technologies Group -a | +0.1% | +31.95% | Add |
| 46 | CYTK | Cytokinetics Inc | +0.1% | +63.77% | Add |
| 47 | YETI | Yeti Holdings Inc | +0.1% | +165.45% | Add |
| 48 | ALAB | Astera Labs Inc | +0.1% | +11.25% | Add |
| 49 | ANET | Arista Networks Inc | 0% | -9.47% | Trim |
| 50 | CSL | Carlisle Cos Inc | 0% | +31.46% | Add |
1–50 of 200
Filing History
FAQ
What is Handelsbanken Fonder AB and what type of investor is it?
Handelsbanken Fonder AB 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 $35.1B, spread across 1485 disclosed positions.
What are Handelsbanken Fonder AB's largest equity positions?
Based on the latest 13F filing, Handelsbanken Fonder AB's top holdings by market value are:
1. Nvidia CORP (NVDA) — $2.3B (6.5%)
2. Apple Inc (AAPL) — $2.0B (5.7%)
3. Microsoft CORP (MSFT) — $1.4B (4.0%)
4. Amazon.com Inc (AMZN) — $1.2B (3.5%)
5. Alphabet Inc-cl A (GOOGL) — $1.1B (3.0%)
What changes did Handelsbanken Fonder AB make in its most recent portfolio filing?
In the latest reported quarter, Handelsbanken Fonder AB made 199 notable position adjustments: 10 new positions were initiated, 97 existing holdings were added to, 86 positions were partially reduced, and 6 were completely exited. The largest of these moves: New buy: TE Connectivity plc (TEL); Sold out: The Coca-Cola Company (KO); New buy: ; New buy: Oruka Therapeutics Inc (ORKA); Sold out: Carnival CORP LTD (CCL1EUR)
What sectors does Handelsbanken Fonder AB focus on?
Handelsbanken Fonder AB is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 41.3%
• Health Care: 14.8%
• Communication Services: 10.2%
• Financials: 10.0%
• Consumer Discretionary: 8.6%
• Industrials: 8.1%
Investment Profile
Handelsbanken Fonder AB returned an annualized 16.2% over the trailing 36 months — underperforming the S&P 500 by 5.1 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 31% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 41.3% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 27 over the past 4 quarters — a shift toward more active trading.
It has added to its MU position over the past two quarters (+$588.7M, now $728.0M), while trimming BSX over the same stretch (-$172.7M, still holding $67.6M).
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Developer Access
Access Handelsbanken Fonder AB's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/handelsbanken-fonder-abCLI
npx alphasmo institutions get handelsbanken-fonder-ab