CIK: 0002059323
Total reported value
$19.1B
Reporting period: 2026-03-31 · Number of holdings: 554
Lansforsakringar Fondforvaltning AB (publ) disclosed 554 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $19.1B and a quarterly turnover rate of 17.6%.
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Lansforsakringar Fondforvaltning AB (publ)'s disclosed holdings carry a Herfindahl concentration index of 0.022 — mathematically equivalent to about 46 equally-sized positions, well below its 554 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 3.32), 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.
Trim MSFT
+0.6% -$298.3M
Trim TSLA
-0.4% -$71.2M
Trim AMZN
-0.8% -$90.7M
Trim META
-0.3% -$61.7M
Trim NVDA
-1.0% -$124.9M
Trim GOOGL
-1.2% -$76.0M
Länsförsäkringar is actively taking profits on its mega-cap tech winners — trimming NVDA, AAPL, AMZN, GOOGL, and TSLA — while initiating a new position in AZN and adding to MSFT and AVGO. This is a momentum-aware capital rotation out of the most crowded trades and into health care, signaling they see the AI trade's beta becoming overcrowded and are hunting for the next momentum catalyst in pharma. They remain tech-heavy but are repositioning the weights to capture the next marginal dollar.
The portfolio's extreme diversification (554 holdings) and high momentum tilt (85.62) reveal a bet that the equity regime remains risk-on but that leadership is broadening away from pure megacap growth. They are pricing in a rotation where health care and selective tech (MSFT, AVGO) will re-rate as the AI hype cycle matures. The opposing thesis is that the mega-cap AI winners still command the earnings premium and that this rotation is premature — a classic late-cycle trap.
With a concentration score of 8.65, this portfolio has no single bet that moves the needle; it's a factor farm, not a conviction book. The 42% Technology weight creates an implicit leveraged bet on the sector's beta — a multiple compression event would reprice 84% of the portfolio (Tech + Comm Services + Consumer Discretionary) simultaneously. The diversification fools the PM into believing they are hedged, but the factor correlation will converge in a sector-wide repricing.
Compiled by AI from public 13F filings; reflects historical positioning only and carries no investment recommendation.
Showing top 200 holdings (of 554 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 8.16% | -0.18% | -0.99% | |
| 2 | AAPL | Apple INC | Stock-Tech | 6.40% | -0.16% | -1.13% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 5.22% | -1.19% | +0.59% | |
| 4 | AMZN | Amazon.com INC | Stock-Consumer Disc | 4.03% | -0.23% | -0.84% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.89% | -0.17% | -1.24% | |
| 6 | AVGO | Broadcom INC | Stock-Tech | 2.82% | -0.15% | +0.24% | |
| 7 | AZN | AstraZeneca PLC | Stock-Healthcare | 2.48% | +2.48% | NEW | |
| 8 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.31% | -0.16% | -2.97% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.05% | -0.20% | -0.30% | |
| 10 | TSLA | Tesla INC | Stock-Consumer Disc | 1.73% | -0.26% | -0.42% | |
| 11 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.52% | -0.15% | +0.63% | |
| 12 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.43% | -0.06% | -0.62% | |
| 13 | V | Visa Inc-class A Shares | Stock-Financials | 1.19% | -0.09% | +2.29% | |
| 14 | BAC | Bank Of America CORP | Stock-Financials | 1.05% | -0.12% | -4.13% | |
| 15 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.01% | +0.17% | -3.78% | |
| 16 | NFLX | Netflix INC | Stock-Comm Services | 0.93% | — | +2.40% | |
| 17 | WMT | Walmart INC | Stock-Consumer Staples | 0.90% | +0.13% | -0.50% | |
| 18 | MA | Mastercard INC - A | Stock-Financials | 0.71% | -0.06% | -0.33% | |
| 19 | ABBV | Abbvie INC | Stock-Healthcare | 0.64% | -0.04% | -6.59% | |
| 20 | VZ | Verizon Communications INC | Stock-Comm Services | 0.64% | +0.16% | +3.08% | |
| 21 | C | Citigroup INC | Stock-Financials | 0.61% | -0.08% | -13.90% | |
| 22 | AMD | Advanced Micro Devices | Stock-Tech | 0.57% | — | -3.19% | |
| 23 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.57% | — | -3.99% | |
| 24 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.56% | -0.07% | +1.71% | |
| 25 | HD | Home Depot INC | Stock-Consumer Disc | 0.55% | — | -5.60% | |
| 26 | CAT | Caterpillar INC | Stock-Industrials | 0.55% | +0.13% | -0.53% | |
| 27 | CSCO | Cisco Systems INC | Stock-Tech | 0.53% | — | -3.29% | |
| 28 | AXP | American Express Co | Stock-Financials | 0.52% | -0.14% | -8.13% | |
| 29 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.52% | — | -0.44% | |
| 30 | GE | General Electric | Stock-Industrials | 0.51% | — | +2.88% | |
| 31 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.51% | — | -7.27% | |
| 32 | GILD | Gilead Sciences INC | Stock-Healthcare | 0.50% | — | -0.46% | |
| 33 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.49% | -0.05% | +2.82% | |
| 34 | AMAT | Applied Materials INC | Stock-Tech | 0.47% | +0.14% | +2.74% | |
| 35 | LRCX | Lam Research CORP | Stock-Tech | 0.47% | +0.12% | +3.59% | |
| 36 | PFE | Pfizer INC | Stock-Healthcare | 0.46% | +0.08% | +3.39% | |
| 37 | LIN | Linde plc | Stock-Materials | 0.44% | +0.13% | +14.90% | |
| 38 | GS | Goldman Sachs Group INC | Stock-Financials | 0.43% | -0.06% | -13.78% | |
| 39 | WFC | Wells Fargo & Co | Stock-Financials | 0.43% | -0.04% | -0.08% | |
| 40 | PANW | Palo Alto Networks INC | Stock-Tech | 0.43% | — | +22.76% | |
| 41 | ORCL | Oracle CORP | Stock-Tech | 0.42% | -0.14% | -5.42% | |
| 42 | PEP | Pepsico INC | Stock-Consumer Staples | 0.42% | +0.11% | +16.61% | |
| 43 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.41% | -0.09% | -5.77% | |
| 44 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.39% | — | +5.25% | |
| 45 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.38% | -0.07% | -0.35% | |
| 46 | IBM | Intl Business Machines CORP | Stock-Tech | 0.38% | -0.06% | -0.10% | |
| 47 | AMT | American Tower CORP | Stock-Real Estate | 0.37% | — | -0.24% | |
| 48 | MS | Morgan Stanley | Stock-Financials | 0.37% | — | -5.94% | |
| 49 | CB | Chubb Limited | Stock-Financials | 0.36% | — | +3.09% | |
| 50 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.36% | — | +14.43% |
Performance for Q3 2026
+2.5%
Performance Last 4 Quarters
+19%
Based on 78% of reported portfolio value with available pricing
Lansforsakringar Fondforvaltning AB (publ)'s most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Add: Microsoft CORP (MSFT) — shares +0.59%; Trim: Tesla INC (TSLA) — shares -0.42%; Trim: Amazon.com INC (AMZN) — shares -0.84%; Trim: Meta Platforms Inc-class A (META) — shares -0.30%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | JNJ | Johnson & Johnson | +0.2% | -3.78% | Trim |
| 2 | VZ | Verizon Communications INC | +0.2% | +3.08% | Add |
| 3 | AMAT | Applied Materials INC | +0.1% | +2.74% | Add |
| 4 | LIN | Linde plc | +0.1% | +14.90% | Add |
| 5 | CAT | Caterpillar INC | +0.1% | -0.53% | Trim |
| 6 | WMT | Walmart INC | +0.1% | -0.50% | Trim |
| 7 | LRCX | Lam Research CORP | +0.1% | +3.59% | Add |
| 8 | PEP | Pepsico INC | +0.1% | +16.61% | Add |
| 9 | GLW | Corning INC | +0.1% | +2.35% | Add |
| 10 | INTC | Intel CORP | +0.1% | +4.43% | Add |
| 11 | PFE | Pfizer INC | +0.1% | +3.39% | Add |
| 12 | ABBV | Abbvie INC | 0% | -6.59% | Trim |
| 13 | WFC | Wells Fargo & Co | 0% | -0.08% | Trim |
| 14 | DIS | Walt Disney Co/the | -0.1% | +2.82% | Add |
| 15 | ABT | Abbott Laboratories | -0.1% | -0.22% | Trim |
| 16 | SHOP | Shopify INC - Class A | -0.1% | +0.86% | Add |
| 17 | JPM | Jpmorgan Chase & Co | -0.1% | -0.62% | Trim |
| 18 | MA | Mastercard INC - A | -0.1% | -0.33% | Trim |
| 19 | GS | Goldman Sachs Group INC | -0.1% | -13.78% | Trim |
| 20 | IBM | Intl Business Machines CORP | -0.1% | -0.10% | Trim |
| 21 | INTU | Intuit INC | -0.1% | +13.02% | Add |
| 22 | ADBE | Adobe INC | -0.1% | -0.66% | Trim |
| 23 | ACN | Accenture plc | -0.1% | -0.49% | Trim |
| 24 | PLTR | Palantir Technologies Inc-a | -0.1% | +1.71% | Add |
| 25 | ISRG | Intuitive Surgical INC | -0.1% | -0.35% | Trim |
| 26 | BLK | Blackrock INC | -0.1% | -16.48% | Trim |
| 27 | C | Citigroup INC | -0.1% | -13.90% | Trim |
| 28 | BSX | Boston Scientific CORP | -0.1% | +12.96% | Add |
| 29 | V | Visa Inc-class A Shares | -0.1% | +2.29% | Add |
| 30 | UNH | Unitedhealth Group INC | -0.1% | -5.77% | Trim |
| 31 | BKNG | Booking Holdings INC | -0.1% | -13.47% | Trim |
| 32 | COF | Capital One Financial CORP | -0.1% | -6.09% | Trim |
| 33 | NOW | Servicenow INC | -0.1% | -8.64% | Trim |
| 34 | CRM | Salesforce INC | -0.1% | -2.33% | Trim |
| 35 | BAC | Bank Of America CORP | -0.1% | -4.13% | Trim |
| 36 | AXP | American Express Co | -0.1% | -8.13% | Trim |
| 37 | ORCL | Oracle CORP | -0.1% | -5.42% | Trim |
| 38 | APP | Applovin Corp-class A | -0.1% | -16.45% | Trim |
| 39 | AVGO | Broadcom INC | -0.2% | +0.24% | Add |
| 40 | LLY | Eli Lilly & Co | -0.2% | +0.63% | Add |
| 41 | AAPL | Apple INC | -0.2% | -1.13% | Trim |
| 42 | GOOG | Alphabet Inc-cl C | -0.2% | -2.97% | Trim |
| 43 | QCOM | Qualcomm INC | -0.2% | -24.12% | Trim |
| 44 | GOOGL | Alphabet Inc-cl A | -0.2% | -1.24% | Trim |
| 45 | NVDA | Nvidia CORP | -0.2% | -0.99% | Trim |
| 46 | META | Meta Platforms Inc-class A | -0.2% | -0.30% | Trim |
| 47 | AMZN | Amazon.com INC | -0.2% | -0.84% | Trim |
| 48 | TSLA | Tesla INC | -0.3% | -0.42% | Trim |
| 49 | MSFT | Microsoft CORP | -1.2% | +0.59% | Add |
| 50 | AZN | AstraZeneca PLC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-23 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-10 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-13 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-04-14 | Amendment | View on EDGAR |
| 2024-12-31 | 2025-03-14 | 13F-HR | View on EDGAR |
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