Swedbank AB 13F Holdings Overview (1062 Positions)

Diversified strategyMomentum followerSector-focused

Total reported value

$95.1B

Reporting period: 2026-03-31 · Number of holdings: 1062

Swedbank AB disclosed 1062 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $95.1B and a quarterly turnover rate of 20.5%.

Browse other institutions with $10B to $100B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 8.25
Portfolio Stability: 20.53
Momentum/Contrarian: 100
Sector conviction: 93.25
Diversification: 100
Sizing Uniformity: 63.77

Recent moves

Trim MSFT
+2.4%　-$1.5B
Trim ROP
-93.4%　-$477.7M
Trim CRM
-49.8%　-$359.4M
Trim META
-9.5%　-$485.7M
Trim MA
-21.8%　-$405.8M
Trim INTU
-31.5%　-$324.7M

Holdings Map

New buyAddUnchangedTrim

Institutional Game-State Analysis

Core Intent

Swedbank AB is rotating within Tech, adding to AI infrastructure plays (NVDA, AVGO, MSFT) while trimming internet platforms (META, GOOG) and payments (MA), and initiating a new Health Care position in AZN to buffer against multiple compression in overvalued growth.

Macro & Fundamentals

The portfolio is pricing in a regime where AI capex sustains earnings momentum for semiconductor and cloud incumbents, while ad-dependent platforms face margin erosion from regulation and competition. The opposing thesis is that AI investment peaks in 2026, hardware margins revert to mean, and the extreme momentum tilt—reinforced by a 100% momentum-contrarian score—gets crushed in a growth-to-value rotation.

Blind Spots / Risks

The high coefficient of variation (3.62) across 684 holdings masks a de facto top-heaviness: NVDA alone at 7.96% and the top 5 tech names concentrate over 25% of capital. With 50.8% in Technology and a momentum factor that is now consensus, a sudden sector rotation would trigger forced selling into a liquidity vacuum, compounded by the reflexive unwind of the crowded long in AI hardware.

Compiled by AI from public 13F filings; reflects historical positioning only and carries no investment recommendation.

Top 10 holdings by weight

Full holdings list this quarter

Showing top 684 holdings (of 1062 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NVDA	Nvidia CORP	Stock-Tech	7.96%	+0.26%	+1.81%
2	MSFT	Microsoft CORP	Stock-Tech	5.89%	-1.03%	+2.40%
3	AAPL	Apple INC	Stock-Tech	5.19%	—	+7.68%
4	AVGO	Broadcom INC	Stock-Tech	4.05%	-0.04%	+1.69%
5	AMZN	Amazon.com INC	Stock-Consumer Disc	3.49%	—	+1.96%
6	GOOG	Alphabet Inc-cl C	Stock-Comm Services	3.06%	-0.18%	-4.78%
7	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	2.88%	-0.05%	-1.60%
8	META	Meta Platforms Inc-class A	Stock-Comm Services	1.86%	-0.32%	-9.51%
9	LLY	Eli Lilly & Co	Stock-Healthcare	1.56%	-0.18%	-3.15%
10	JPM	Jpmorgan Chase & Co	Stock-Financials	1.42%	-0.05%	-2.50%
11	ADI	Analog Devices INC	Stock-Tech	1.17%	—	-6.73%
12	C	Citigroup INC	Stock-Financials	1.16%	—	-6.12%
13	AMAT	Applied Materials INC	Stock-Tech	1.02%	+0.28%	-4.28%
14	KLAC	Kla CORP	Stock-Tech	0.99%	—	-16.47%
15	PLD	Prologis INC	Stock-Real Estate	0.96%	—	-10.02%
16	MA	Mastercard INC - A	Stock-Financials	0.92%	-0.32%	-21.83%
17	MCK	Mckesson CORP	Stock-Healthcare	0.91%	+0.21%	+13.46%
18	MRK	Merck & Co. INC.	Stock-Healthcare	0.90%	—	-7.32%
19	V	Visa Inc-class A Shares	Stock-Financials	0.88%	-0.13%	-6.79%
20	ANET	Arista Networks INC	Stock-Tech	0.83%	-0.10%	-12.44%
21	MU	Micron Technology INC	Stock-Tech	0.83%	-0.16%	-34.89%
22	NFLX	Netflix INC	Stock-Comm Services	0.83%	—	+6.78%
23	LRCX	Lam Research CORP	Stock-Tech	0.81%	—	-9.92%
24	HD	Home Depot INC	Stock-Consumer Disc	0.79%	+0.24%	+37.71%
25	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	0.76%	-0.18%	-11.59%
26	JNJ	Johnson & Johnson	Stock-Healthcare	0.75%	+0.29%	+27.28%
27	AMD	Advanced Micro Devices	Stock-Tech	0.72%	+0.22%	+37.52%
28	CSCO	Cisco Systems INC	Stock-Tech	0.71%	—	-2.77%
29	SPOT	Spotify Technology S.A.	Stock-Comm Services	0.71%	-0.20%	-13.80%
30	XYL	Xylem INC	Stock-Industrials	0.69%	—	+0.34%
31	COST	Costco Wholesale CORP	Stock-Consumer Staples	0.67%	—	+0.22%
32	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.66%	—	-8.33%
33	BAC	Bank Of America CORP	Stock-Financials	0.64%	—	+5.44%
34	ICE	Intercontinental Exchange In	Stock-Financials	0.63%	—	+7.61%
35	MSI	Motorola Solutions INC	Stock-Tech	0.60%	—	-12.42%
36	RPRX	Royalty Pharma plc	Stock-Healthcare	0.58%	—	-2.98%
37	PLTR	Palantir Technologies Inc-a	Stock-Tech	0.58%	+0.22%	+80.92%
38	WM	Waste Management INC	Stock-Industrials	0.58%	—	+17.03%
39	ABBV	Abbvie INC	Stock-Healthcare	0.55%	—	+22.76%
40	CDNS	Cadence Design Sys INC	Stock-Tech	0.54%	-0.07%	-8.71%
41	ORCL	Oracle CORP	Stock-Tech	0.51%	-0.15%	-5.47%
42	AZN	AstraZeneca PLC	Stock-Healthcare	0.51%	+0.51%	NEW
43	LIN	Linde plc	Stock-Materials	0.51%	—	-15.01%
44	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	0.50%	—	-4.31%
45	ECL	Ecolab INC	Stock-Materials	0.48%	—	+5.55%
46	PANW	Palo Alto Networks INC	Stock-Tech	0.46%	—	-2.87%
47	EMR	Emerson Electric Co	Stock-Industrials	0.46%	—	+7.12%
48	TT	Trane Technologies plc	Stock-Industrials	0.45%	—	-9.76%
49	APH	Amphenol Corp-cl A	Stock-Tech	0.43%	-0.12%	-22.38%
50	SNPS	Synopsys INC	Stock-Tech	0.41%	-0.08%	-7.67%

1–50 of 684

Portfolio Performance

Performance for Q3 2026

+4.1%

Performance Last 4 Quarters

+24.4%

Based on 76% of reported portfolio value with available pricing

Stdev: +15.5%
Beta: +1.16
Alpha: -2.6%
Max Drawdown: -10.4%
Annualized Perf: +19.1%
Batting Avg vs S&P: +47.2%
Sortino: +2.55
Stutzer: +0.36
Treynor: +0.16
Sterling: +1.04
Calmar: +1.83
Information Ratio: +0.07
Tracking Error: +4%
Stdev Down: +7.3%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +40.9%
Worst 12 Months: +4.1%
Efficiency Ratio: +0.53
Sharpe: +1.21
Stdev Sectors: +14.1%
Skewness: +0.47
Kurtosis: +0.69
Upside Potential: +4.24

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	1062	$95.1B	21	1NVDA 2MSFT 3AAPL Top holdings2026-03-31 1.NVDA 2.MSFT 3.AAPL 4.AVGO 5.AMZN 6.GOOG 7.GOOGL 8.META 9.LLY 10.JPM
2025-12-31	1054	$103.4B	14	1NVDA 2MSFT 3AAPL Top holdings2025-12-31 1.NVDA 2.MSFT 3.AAPL 4.AVGO 5.AMZN 6.GOOG 7.GOOGL 8.META 9.LLY 10.JPM
2025-09-30	887	$98.7B	0	1NVDA 2MSFT 3AAPL Top holdings2025-09-30 1.NVDA 2.MSFT 3.AAPL 4.AVGO 5.AMZN 6.GOOG 7.META 8.GOOGL 9.JPM 10.LLY
2025-06-30	879	$89.0B	0	1MSFT 2NVDA 3AAPL Top holdings2025-06-30 1.MSFT 2.NVDA 3.AAPL 4.AVGO 5.AMZN 6.META 7.GOOG 8.GOOGL 9.JPM 10.MA
2024-12-31	897	$81.3B	0	1MSFT 2NVDA 3AAPL Top holdings2024-12-31 1.MSFT 2.NVDA 3.AAPL 4.AVGO 5.AMZN 6.META 7.GOOG 8.GOOGL 9.ACN 10.CRM
2024-09-30	895	$78.3B	0	1MSFT 2NVDA 3AAPL Top holdings2024-09-30 1.MSFT 2.NVDA 3.AAPL 4.AVGO 5.AMZN 6.META 7.GOOG 8.GOOGL 9.UNH 10.NOW
2024-06-30	911	$74.8B	0	1MSFT 2NVDA 3AAPL Top holdings2024-06-30 1.MSFT 2.NVDA 3.AAPL 4.AVGO 5.AMZN 6.META 7.GOOGL 8.GOOG 9.UNH 10.SNPS
2024-03-31	233	$59.4B	0	1MSFT 2NVDA 3AAPL Top holdings2024-03-31 1.MSFT 2.NVDA 3.AAPL 4.AVGO 5.AMZN 6.META 7.GOOGL 8.GOOG 9.UNH 10.SNPS
2023-12-31	912	$62.1B	0	1MSFT 2AAPL 3AVGO Top holdings2023-12-31 1.MSFT 2.AAPL 3.AVGO 4.NVDA 5.AMZN 6.GOOGL 7.GOOG 8.SNPS 9.UNH 10.META
2023-09-30	923	$57.7B	0	1AAPL 2MSFT 3NVDA Top holdings2023-09-30 1.AAPL 2.MSFT 3.NVDA 4.VMWEUR 5.GOOGL 6.AVGO 7.GOOG 8.AMZN 9.CSCO 10.UNH
2023-06-30	924	$59.0B	0	1AAPL 2MSFT 3NVDA Top holdings2023-06-30 1.AAPL 2.MSFT 3.NVDA 4.VMWEUR 5.AVGO 6.GOOG 7.GOOGL 8.CSCO 9.AMZN 10.CNC
2023-03-31	921	$50.7B	0	1MSFT 2AAPL 3NVDA Top holdings2023-03-31 1.MSFT 2.AAPL 3.NVDA 4.VMWEUR 5.AVGO 6.GOOG 7.GOOGL 8.CSCO 9.ADBE 10.BRK-B
2022-12-31	925	$45.5B	0	1MSFT 2AAPL 3VMWEUR Top holdings2022-12-31 1.MSFT 2.AAPL 3.VMWEUR 4.NVDA 5.GOOG 6.AVGO 7.ADBE 8.GOOGL 9.CSCO 10.UNH
2022-09-30	955	$42.1B	0	1MSFT 2AAPL 3ADBE Top holdings2022-09-30 1.MSFT 2.AAPL 3.ADBE 4.GOOG 5.VMWEUR 6.NVDA 7.GOOGL 8.CSCO 9.UNH 10.TMO
2022-06-30	957	$44.3B	0	1MSFT 2AAPL 3NVDA Top holdings2022-06-30 1.MSFT 2.AAPL 3.NVDA 4.ADBE 5.GOOG 6.GOOGL 7.VMWEUR 8.UNH 9.AVGO 10.TMO
2022-03-31	942	$53.9B	0	1MSFT 2AAPL 3NVDA Top holdings2022-03-31 1.MSFT 2.AAPL 3.NVDA 4.ADBE 5.AMZN 6.GOOGL 7.GOOG 8.AVGO 9.VMWEUR 10.CSCO
2021-12-31	939	$59.8B	0	1MSFT 2AAPL 3NVDA Top holdings2021-12-31 1.MSFT 2.AAPL 3.NVDA 4.ADBE 5.AMZN 6.GOOG 7.GOOGL 8.AVGO 9.PYPL 10.GPN
2021-09-30	938	$53.6B	0	1MSFT 2AAPL 3AMZN Top holdings2021-09-30 1.MSFT 2.AAPL 3.AMZN 4.ADBE 5.GOOG 6.NVDA 7.GOOGL 8.PYPL 9.VMWEUR 10.NOW
2021-06-30	925	$53.3B	0	1MSFT 2AAPL 3AMZN Top holdings2021-06-30 1.MSFT 2.AAPL 3.AMZN 4.NVDA 5.ADBE 6.PYPL 7.GOOG 8.GOOGL 9.NOW 10.VMWEUR
2021-03-31	930	$48.1B	0	1MSFT 2AAPL 3AMZN Top holdings2021-03-31 1.MSFT 2.AAPL 3.AMZN 4.ADBE 5.PYPL 6.NVDA 7.GOOG 8.GOOGL 9.VMWEUR 10.NOW

Holding changes this quarter

Swedbank AB's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); New buy: Sprouts Farmers Market INC (SFM); Add: Microsoft CORP (MSFT) — shares +2.40%; Trim: Roper Technologies INC (ROP) — shares -93.38%.

Position changes disclosed by Swedbank AB for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	JNJ	Johnson & Johnson	+0.3%	+27.28%	Add
2	AMAT	Applied Materials INC	+0.3%	-4.28%	Trim
3	NVDA	Nvidia CORP	+0.3%	+1.81%	Add
4	HD	Home Depot INC	+0.2%	+37.71%	Add
5	LITE	Lumentum Holdings INC	+0.2%	+457.79%	Add
6	PLTR	Palantir Technologies Inc-a	+0.2%	+80.92%	Add
7	AMD	Advanced Micro Devices	+0.2%	+37.52%	Add
8	MCK	Mckesson CORP	+0.2%	+13.46%	Add
9	CBRE	Cbre Group INC - A	+0.2%	+119.61%	Add
10	NET	Cloudflare INC - Class A	+0.2%	+697.54%	Add
11	STX	Seagate Technology Holdings plc	+0.2%	+67.57%	Add
12	EIX	Edison International	+0.1%	+206.99%	Add
13	AMZN	Amazon.com INC	—	+1.96%	Add
14	AVGO	Broadcom INC	0%	+1.69%	Add
15	GOOGL	Alphabet Inc-cl A	-0.1%	-1.60%	Trim
16	JPM	Jpmorgan Chase & Co	-0.1%	-2.50%	Trim
17	CDNS	Cadence Design Sys INC	-0.1%	-8.71%	Trim
18	SNPS	Synopsys INC	-0.1%	-7.67%	Trim
19	ANET	Arista Networks INC	-0.1%	-12.44%	Trim
20	KEYS	Keysight Technologies In	-0.1%	-56.11%	Trim
21	APH	Amphenol Corp-cl A	-0.1%	-22.38%	Trim
22	DHR	Danaher CORP	-0.1%	-48.16%	Trim
23	TYL	Tyler Technologies INC	-0.1%	-97.89%	Trim
24	V	Visa Inc-class A Shares	-0.1%	-6.79%	Trim
25	ACN	Accenture plc	-0.1%	-19.20%	Trim
26	JLL	Jones Lang Lasalle INC	-0.1%	-44.44%	Trim
27	CRDO	Credo Technology Group Holding Ltd	-0.1%	-24.80%	Trim
28	ORCL	Oracle CORP	-0.2%	-5.47%	Trim
29	EA	Electronic Arts INC	-0.2%	-65.78%	Trim
30	MDB	Mongodb INC	-0.2%	-20.42%	Trim
31	MU	Micron Technology INC	-0.2%	-34.89%	Trim
32	NOW	Servicenow INC	-0.2%	-10.66%	Trim
33	GOOG	Alphabet Inc-cl C	-0.2%	-4.78%	Trim
34	LLY	Eli Lilly & Co	-0.2%	-3.15%	Trim
35	TMO	Thermo Fisher Scientific INC	-0.2%	-11.59%	Trim
36	SPGI	S&p Global INC	-0.2%	-21.79%	Trim
37	ISRG	Intuitive Surgical INC	-0.2%	-31.08%	Trim
38	SPOT	Spotify Technology S.A.	-0.2%	-13.80%	Trim
39	TEAM	Atlassian Corp-cl A	-0.2%	-99.16%	Trim
40	BSX	Boston Scientific CORP	-0.2%	-63.29%	Trim
41	MELI	Mercadolibre INC	-0.3%	-86.16%	Trim
42	INTU	Intuit INC	-0.3%	-31.50%	Trim
43	META	Meta Platforms Inc-class A	-0.3%	-9.51%	Trim
44	MA	Mastercard INC - A	-0.3%	-21.83%	Trim
45	CRM	Salesforce INC	-0.3%	-49.77%	Trim
46	ROP	Roper Technologies INC	-0.5%	-93.38%	Trim
47	MSFT	Microsoft CORP	-1%	+2.40%	Add
48	AZN	AstraZeneca PLC	—	NEW	New buy
49	AZNN	Astrazeneca Plc-spons Adr	—	EXIT	Sold out
50	SFM	Sprouts Farmers Market INC	—	NEW	New buy

FAQ

What is Swedbank AB and what type of investor is it?

Swedbank AB is a 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 $95.1B, spread across 1062 disclosed positions.

What are Swedbank AB's largest equity positions?

Based on the latest 13F filing, Swedbank AB's top holdings by market value are: 1. Nvidia CORP (NVDA) — $7.6B (8.0%) 2. Microsoft CORP (MSFT) — $5.6B (5.9%) 3. Apple INC (AAPL) — $4.9B (5.2%) 4. Broadcom INC (AVGO) — $3.8B (4.0%) 5. Amazon.com INC (AMZN) — $3.3B (3.5%)

What changes did Swedbank AB make in its most recent portfolio filing?

In the latest reported quarter, Swedbank AB made 50 notable position adjustments: 2 new positions were initiated, 14 existing holdings were added to, 33 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); New buy: Sprouts Farmers Market INC (SFM); Add: Microsoft CORP (MSFT) — shares +2.40%; Trim: Roper Technologies INC (ROP) — shares -93.38%

What sectors does Swedbank AB focus on?

Swedbank AB is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 50.8% • Communication Services: 14.1% • Health Care: 11.8% • Financials: 10.8% • Consumer Discretionary: 8.4% • Consumer Staples: 2.7%

Peer Institutions

Institutions with a similar AUM

Allianz Asset Management GmbH

CIK 0001535323

Total reported value

$95.4B

3,758 stks

2026-03-31

Concentration4.3

Portfolio Stability35.5

Sector conviction43.6

AUM within 0.2% of this institution

View detail

Boston Partners

CIK 0001386060

Total reported value

$95.5B

1,772 stks

2026-03-31

Concentration2.4

Portfolio Stability25.8

Sector conviction36.9

AUM within 0.3% of this institution

View detail

Pictet Asset Management Holding SA

CIK 0001993888

Total reported value

$94.8B

2,102 stks

2026-03-31

Concentration3.4

Portfolio Stability23.1

Sector conviction85.8

AUM within 0.4% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Jennison Associates LLC

CIK 0000053417

Total reported value

$145.4B

780 stks

2026-03-31

Concentration11.6

Portfolio Stability28.8

Sector conviction67.3

5 of the top 5 holdings overlap, including Nvidia CORP

View detail

Price T Rowe Associates INC /md/

CIK 0000080255

Total reported value

$864.9B

4,549 stks

2026-03-31

Concentration7.0

Portfolio Stability23.6

Sector conviction52.8

5 of the top 5 holdings overlap, including Nvidia CORP

View detail

Vanguard Group INC

CIK 0000102909

Total reported value

$6.9T

17,686 stks

2025-12-31

Concentration5.7

Portfolio Stability10.4

Sector conviction68.9

5 of the top 5 holdings overlap, including Nvidia CORP

View detail

Swedbank AB 13F Holdings Overview (1062 Positions)

Diversified strategyMomentum followerSector-focused

Total reported value

$95.1B

Reporting period: 2026-03-31 · Number of holdings: 1062

Swedbank AB disclosed 1062 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $95.1B and a quarterly turnover rate of 20.5%.

Browse other institutions with $10B to $100B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 8.25
Portfolio Stability: 20.53
Momentum/Contrarian: 100
Sector conviction: 93.25
Diversification: 100
Sizing Uniformity: 63.77

Recent moves

Trim MSFT
+2.4%　-$1.5B
Trim ROP
-93.4%　-$477.7M
Trim CRM
-49.8%　-$359.4M
Trim META
-9.5%　-$485.7M
Trim MA
-21.8%　-$405.8M
Trim INTU
-31.5%　-$324.7M

Holdings Map

New buyAddUnchangedTrim

Institutional Game-State Analysis

Core Intent

Macro & Fundamentals

Blind Spots / Risks

Compiled by AI from public 13F filings; reflects historical positioning only and carries no investment recommendation.

Top 10 holdings by weight

Full holdings list this quarter

Showing top 684 holdings (of 1062 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NVDA	Nvidia CORP	Stock-Tech	7.96%	+0.26%	+1.81%
2	MSFT	Microsoft CORP	Stock-Tech	5.89%	-1.03%	+2.40%
3	AAPL	Apple INC	Stock-Tech	5.19%	—	+7.68%
4	AVGO	Broadcom INC	Stock-Tech	4.05%	-0.04%	+1.69%
5	AMZN	Amazon.com INC	Stock-Consumer Disc	3.49%	—	+1.96%
6	GOOG	Alphabet Inc-cl C	Stock-Comm Services	3.06%	-0.18%	-4.78%
7	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	2.88%	-0.05%	-1.60%
8	META	Meta Platforms Inc-class A	Stock-Comm Services	1.86%	-0.32%	-9.51%
9	LLY	Eli Lilly & Co	Stock-Healthcare	1.56%	-0.18%	-3.15%
10	JPM	Jpmorgan Chase & Co	Stock-Financials	1.42%	-0.05%	-2.50%
11	ADI	Analog Devices INC	Stock-Tech	1.17%	—	-6.73%
12	C	Citigroup INC	Stock-Financials	1.16%	—	-6.12%
13	AMAT	Applied Materials INC	Stock-Tech	1.02%	+0.28%	-4.28%
14	KLAC	Kla CORP	Stock-Tech	0.99%	—	-16.47%
15	PLD	Prologis INC	Stock-Real Estate	0.96%	—	-10.02%
16	MA	Mastercard INC - A	Stock-Financials	0.92%	-0.32%	-21.83%
17	MCK	Mckesson CORP	Stock-Healthcare	0.91%	+0.21%	+13.46%
18	MRK	Merck & Co. INC.	Stock-Healthcare	0.90%	—	-7.32%
19	V	Visa Inc-class A Shares	Stock-Financials	0.88%	-0.13%	-6.79%
20	ANET	Arista Networks INC	Stock-Tech	0.83%	-0.10%	-12.44%
21	MU	Micron Technology INC	Stock-Tech	0.83%	-0.16%	-34.89%
22	NFLX	Netflix INC	Stock-Comm Services	0.83%	—	+6.78%
23	LRCX	Lam Research CORP	Stock-Tech	0.81%	—	-9.92%
24	HD	Home Depot INC	Stock-Consumer Disc	0.79%	+0.24%	+37.71%
25	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	0.76%	-0.18%	-11.59%
26	JNJ	Johnson & Johnson	Stock-Healthcare	0.75%	+0.29%	+27.28%
27	AMD	Advanced Micro Devices	Stock-Tech	0.72%	+0.22%	+37.52%
28	CSCO	Cisco Systems INC	Stock-Tech	0.71%	—	-2.77%
29	SPOT	Spotify Technology S.A.	Stock-Comm Services	0.71%	-0.20%	-13.80%
30	XYL	Xylem INC	Stock-Industrials	0.69%	—	+0.34%
31	COST	Costco Wholesale CORP	Stock-Consumer Staples	0.67%	—	+0.22%
32	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.66%	—	-8.33%
33	BAC	Bank Of America CORP	Stock-Financials	0.64%	—	+5.44%
34	ICE	Intercontinental Exchange In	Stock-Financials	0.63%	—	+7.61%
35	MSI	Motorola Solutions INC	Stock-Tech	0.60%	—	-12.42%
36	RPRX	Royalty Pharma plc	Stock-Healthcare	0.58%	—	-2.98%
37	PLTR	Palantir Technologies Inc-a	Stock-Tech	0.58%	+0.22%	+80.92%
38	WM	Waste Management INC	Stock-Industrials	0.58%	—	+17.03%
39	ABBV	Abbvie INC	Stock-Healthcare	0.55%	—	+22.76%
40	CDNS	Cadence Design Sys INC	Stock-Tech	0.54%	-0.07%	-8.71%
41	ORCL	Oracle CORP	Stock-Tech	0.51%	-0.15%	-5.47%
42	AZN	AstraZeneca PLC	Stock-Healthcare	0.51%	+0.51%	NEW
43	LIN	Linde plc	Stock-Materials	0.51%	—	-15.01%
44	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	0.50%	—	-4.31%
45	ECL	Ecolab INC	Stock-Materials	0.48%	—	+5.55%
46	PANW	Palo Alto Networks INC	Stock-Tech	0.46%	—	-2.87%
47	EMR	Emerson Electric Co	Stock-Industrials	0.46%	—	+7.12%
48	TT	Trane Technologies plc	Stock-Industrials	0.45%	—	-9.76%
49	APH	Amphenol Corp-cl A	Stock-Tech	0.43%	-0.12%	-22.38%
50	SNPS	Synopsys INC	Stock-Tech	0.41%	-0.08%	-7.67%

1–50 of 684

Portfolio Performance

Performance for Q3 2026

+4.1%

Performance Last 4 Quarters

+24.4%

Based on 76% of reported portfolio value with available pricing

Stdev: +15.5%
Beta: +1.16
Alpha: -2.6%
Max Drawdown: -10.4%
Annualized Perf: +19.1%
Batting Avg vs S&P: +47.2%
Sortino: +2.55
Stutzer: +0.36
Treynor: +0.16
Sterling: +1.04
Calmar: +1.83
Information Ratio: +0.07
Tracking Error: +4%
Stdev Down: +7.3%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +40.9%
Worst 12 Months: +4.1%
Efficiency Ratio: +0.53
Sharpe: +1.21
Stdev Sectors: +14.1%
Skewness: +0.47
Kurtosis: +0.69
Upside Potential: +4.24

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	1062	$95.1B	21	1NVDA 2MSFT 3AAPL Top holdings2026-03-31 1.NVDA 2.MSFT 3.AAPL 4.AVGO 5.AMZN 6.GOOG 7.GOOGL 8.META 9.LLY 10.JPM
2025-12-31	1054	$103.4B	14	1NVDA 2MSFT 3AAPL Top holdings2025-12-31 1.NVDA 2.MSFT 3.AAPL 4.AVGO 5.AMZN 6.GOOG 7.GOOGL 8.META 9.LLY 10.JPM
2025-09-30	887	$98.7B	0	1NVDA 2MSFT 3AAPL Top holdings2025-09-30 1.NVDA 2.MSFT 3.AAPL 4.AVGO 5.AMZN 6.GOOG 7.META 8.GOOGL 9.JPM 10.LLY
2025-06-30	879	$89.0B	0	1MSFT 2NVDA 3AAPL Top holdings2025-06-30 1.MSFT 2.NVDA 3.AAPL 4.AVGO 5.AMZN 6.META 7.GOOG 8.GOOGL 9.JPM 10.MA
2024-12-31	897	$81.3B	0	1MSFT 2NVDA 3AAPL Top holdings2024-12-31 1.MSFT 2.NVDA 3.AAPL 4.AVGO 5.AMZN 6.META 7.GOOG 8.GOOGL 9.ACN 10.CRM
2024-09-30	895	$78.3B	0	1MSFT 2NVDA 3AAPL Top holdings2024-09-30 1.MSFT 2.NVDA 3.AAPL 4.AVGO 5.AMZN 6.META 7.GOOG 8.GOOGL 9.UNH 10.NOW
2024-06-30	911	$74.8B	0	1MSFT 2NVDA 3AAPL Top holdings2024-06-30 1.MSFT 2.NVDA 3.AAPL 4.AVGO 5.AMZN 6.META 7.GOOGL 8.GOOG 9.UNH 10.SNPS
2024-03-31	233	$59.4B	0	1MSFT 2NVDA 3AAPL Top holdings2024-03-31 1.MSFT 2.NVDA 3.AAPL 4.AVGO 5.AMZN 6.META 7.GOOGL 8.GOOG 9.UNH 10.SNPS
2023-12-31	912	$62.1B	0	1MSFT 2AAPL 3AVGO Top holdings2023-12-31 1.MSFT 2.AAPL 3.AVGO 4.NVDA 5.AMZN 6.GOOGL 7.GOOG 8.SNPS 9.UNH 10.META
2023-09-30	923	$57.7B	0	1AAPL 2MSFT 3NVDA Top holdings2023-09-30 1.AAPL 2.MSFT 3.NVDA 4.VMWEUR 5.GOOGL 6.AVGO 7.GOOG 8.AMZN 9.CSCO 10.UNH
2023-06-30	924	$59.0B	0	1AAPL 2MSFT 3NVDA Top holdings2023-06-30 1.AAPL 2.MSFT 3.NVDA 4.VMWEUR 5.AVGO 6.GOOG 7.GOOGL 8.CSCO 9.AMZN 10.CNC
2023-03-31	921	$50.7B	0	1MSFT 2AAPL 3NVDA Top holdings2023-03-31 1.MSFT 2.AAPL 3.NVDA 4.VMWEUR 5.AVGO 6.GOOG 7.GOOGL 8.CSCO 9.ADBE 10.BRK-B
2022-12-31	925	$45.5B	0	1MSFT 2AAPL 3VMWEUR Top holdings2022-12-31 1.MSFT 2.AAPL 3.VMWEUR 4.NVDA 5.GOOG 6.AVGO 7.ADBE 8.GOOGL 9.CSCO 10.UNH
2022-09-30	955	$42.1B	0	1MSFT 2AAPL 3ADBE Top holdings2022-09-30 1.MSFT 2.AAPL 3.ADBE 4.GOOG 5.VMWEUR 6.NVDA 7.GOOGL 8.CSCO 9.UNH 10.TMO
2022-06-30	957	$44.3B	0	1MSFT 2AAPL 3NVDA Top holdings2022-06-30 1.MSFT 2.AAPL 3.NVDA 4.ADBE 5.GOOG 6.GOOGL 7.VMWEUR 8.UNH 9.AVGO 10.TMO
2022-03-31	942	$53.9B	0	1MSFT 2AAPL 3NVDA Top holdings2022-03-31 1.MSFT 2.AAPL 3.NVDA 4.ADBE 5.AMZN 6.GOOGL 7.GOOG 8.AVGO 9.VMWEUR 10.CSCO
2021-12-31	939	$59.8B	0	1MSFT 2AAPL 3NVDA Top holdings2021-12-31 1.MSFT 2.AAPL 3.NVDA 4.ADBE 5.AMZN 6.GOOG 7.GOOGL 8.AVGO 9.PYPL 10.GPN
2021-09-30	938	$53.6B	0	1MSFT 2AAPL 3AMZN Top holdings2021-09-30 1.MSFT 2.AAPL 3.AMZN 4.ADBE 5.GOOG 6.NVDA 7.GOOGL 8.PYPL 9.VMWEUR 10.NOW
2021-06-30	925	$53.3B	0	1MSFT 2AAPL 3AMZN Top holdings2021-06-30 1.MSFT 2.AAPL 3.AMZN 4.NVDA 5.ADBE 6.PYPL 7.GOOG 8.GOOGL 9.NOW 10.VMWEUR
2021-03-31	930	$48.1B	0	1MSFT 2AAPL 3AMZN Top holdings2021-03-31 1.MSFT 2.AAPL 3.AMZN 4.ADBE 5.PYPL 6.NVDA 7.GOOG 8.GOOGL 9.VMWEUR 10.NOW

Holding changes this quarter

Position changes disclosed by Swedbank AB for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	JNJ	Johnson & Johnson	+0.3%	+27.28%	Add
2	AMAT	Applied Materials INC	+0.3%	-4.28%	Trim
3	NVDA	Nvidia CORP	+0.3%	+1.81%	Add
4	HD	Home Depot INC	+0.2%	+37.71%	Add
5	LITE	Lumentum Holdings INC	+0.2%	+457.79%	Add
6	PLTR	Palantir Technologies Inc-a	+0.2%	+80.92%	Add
7	AMD	Advanced Micro Devices	+0.2%	+37.52%	Add
8	MCK	Mckesson CORP	+0.2%	+13.46%	Add
9	CBRE	Cbre Group INC - A	+0.2%	+119.61%	Add
10	NET	Cloudflare INC - Class A	+0.2%	+697.54%	Add
11	STX	Seagate Technology Holdings plc	+0.2%	+67.57%	Add
12	EIX	Edison International	+0.1%	+206.99%	Add
13	AMZN	Amazon.com INC	—	+1.96%	Add
14	AVGO	Broadcom INC	0%	+1.69%	Add
15	GOOGL	Alphabet Inc-cl A	-0.1%	-1.60%	Trim
16	JPM	Jpmorgan Chase & Co	-0.1%	-2.50%	Trim
17	CDNS	Cadence Design Sys INC	-0.1%	-8.71%	Trim
18	SNPS	Synopsys INC	-0.1%	-7.67%	Trim
19	ANET	Arista Networks INC	-0.1%	-12.44%	Trim
20	KEYS	Keysight Technologies In	-0.1%	-56.11%	Trim
21	APH	Amphenol Corp-cl A	-0.1%	-22.38%	Trim
22	DHR	Danaher CORP	-0.1%	-48.16%	Trim
23	TYL	Tyler Technologies INC	-0.1%	-97.89%	Trim
24	V	Visa Inc-class A Shares	-0.1%	-6.79%	Trim
25	ACN	Accenture plc	-0.1%	-19.20%	Trim
26	JLL	Jones Lang Lasalle INC	-0.1%	-44.44%	Trim
27	CRDO	Credo Technology Group Holding Ltd	-0.1%	-24.80%	Trim
28	ORCL	Oracle CORP	-0.2%	-5.47%	Trim
29	EA	Electronic Arts INC	-0.2%	-65.78%	Trim
30	MDB	Mongodb INC	-0.2%	-20.42%	Trim
31	MU	Micron Technology INC	-0.2%	-34.89%	Trim
32	NOW	Servicenow INC	-0.2%	-10.66%	Trim
33	GOOG	Alphabet Inc-cl C	-0.2%	-4.78%	Trim
34	LLY	Eli Lilly & Co	-0.2%	-3.15%	Trim
35	TMO	Thermo Fisher Scientific INC	-0.2%	-11.59%	Trim
36	SPGI	S&p Global INC	-0.2%	-21.79%	Trim
37	ISRG	Intuitive Surgical INC	-0.2%	-31.08%	Trim
38	SPOT	Spotify Technology S.A.	-0.2%	-13.80%	Trim
39	TEAM	Atlassian Corp-cl A	-0.2%	-99.16%	Trim
40	BSX	Boston Scientific CORP	-0.2%	-63.29%	Trim
41	MELI	Mercadolibre INC	-0.3%	-86.16%	Trim
42	INTU	Intuit INC	-0.3%	-31.50%	Trim
43	META	Meta Platforms Inc-class A	-0.3%	-9.51%	Trim
44	MA	Mastercard INC - A	-0.3%	-21.83%	Trim
45	CRM	Salesforce INC	-0.3%	-49.77%	Trim
46	ROP	Roper Technologies INC	-0.5%	-93.38%	Trim
47	MSFT	Microsoft CORP	-1%	+2.40%	Add
48	AZN	AstraZeneca PLC	—	NEW	New buy
49	AZNN	Astrazeneca Plc-spons Adr	—	EXIT	Sold out
50	SFM	Sprouts Farmers Market INC	—	NEW	New buy