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Fjarde Ap-fonden /fourth Swedish National Pension Fund

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$18.3B

Reporting period: 2026-03-31 · Number of holdings: 538

FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND disclosed 538 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $18.3B and a quarterly turnover rate of 44.1%.

Personality snowflake

Concentration
6.3
Portfolio Stability
44.08
Momentum/Contrarian
100
Sector conviction
67.09
Diversification
100
Sizing Uniformity
72.63

Recent moves

  • Trim MSFT

    +63.4%　$153.6M

  • Add IEMG

    +122.4%　$271.7M

  • Add JNJ

    +52.7%　$132.5M

  • Trim META

    +62.0%　$114.5M

  • Trim LLY

    +60.6%　$86.3M

  • Add LRCX

    +62.9%　$63.3M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1NVDANvidia CORPStock-Tech6.47%-0.11%+61.72%
2AAPLApple INCStock-Tech5.66%-0.12%+61.17%
3MSFTMicrosoft CORPStock-Tech4.18%-0.96%+63.39%
4AMZNAmazon.com INCStock-Consumer Disc2.80%-0.12%+63.34%
5IEMGIshares Core Msci EmergingETF-Emerging Markets2.61%+0.87%+122.42%
6GOOGLAlphabet Inc-cl AStock-Comm Services2.59%-0.08%+62.13%
7GOOGAlphabet Inc-cl CStock-Comm Services2.24%-0.10%+60.89%
8METAMeta Platforms Inc-class AStock-Comm Services2.17%-0.21%+61.95%
9AVGOBroadcom INCStock-Tech1.93%-0.11%+62.37%
10LLYEli Lilly & CoStock-Healthcare1.73%-0.20%+60.60%
11JNJJohnson & JohnsonStock-Healthcare1.62%+0.24%+52.72%
12VVisa Inc-class A SharesStock-Financials1.43%-0.15%+61.27%
13WMTWalmart INCStock-Consumer Staples1.19%+0.16%+60.46%
14JPMJpmorgan Chase & CoStock-Financials1.11%-0.07%+57.98%
15BRK-BBerkshire Hathaway Inc-cl BStock-Other1.08%+0.01%+63.47%
16MAMastercard INC - AStock-Financials1.00%-0.09%+61.71%
17COSTCostco Wholesale CORPStock-Consumer Staples0.99%+0.16%+59.53%
18NFLXNetflix INCStock-Comm Services0.97%+0.07%+60.87%
19PGProcter & Gamble Co/theStock-Consumer Staples0.93%+0.05%+60.91%
20CSCOCisco Systems INCStock-Tech0.93%+0.04%+59.35%
21KOCoca-cola Co/theStock-Consumer Staples0.85%+0.08%+57.45%
22MRKMerck & Co. INC.Stock-Healthcare0.78%+0.08%+48.32%
23CATCaterpillar INCStock-Industrials0.72%+0.15%+59.05%
24LRCXLam Research CORPStock-Tech0.68%+0.17%+62.87%
25PEPPepsico INCStock-Consumer Staples0.65%+0.07%+60.17%
26ABBVAbbvie INCStock-Healthcare0.63%+0.01%+64.16%
27AMATApplied Materials INCStock-Tech0.62%+0.17%+59.22%
28TAt&t INCStock-Comm Services0.56%+0.08%+53.39%
29UNHUnitedhealth Group INCStock-Healthcare0.55%—+55.03%
30TSLATesla INCStock-Consumer Disc0.54%-0.04%+71.98%
31MUMicron Technology INCStock-Tech0.54%+0.11%+62.88%
32LINLinde plcStock-Materials0.53%+0.07%+51.04%
33TJXTjx Companies INCStock-Consumer Disc0.51%+0.03%+58.91%
34MCDMcdonald's CORPStock-Consumer Disc0.51%+0.03%+59.63%
35VZVerizon Communications INCStock-Comm Services0.50%+0.12%+63.08%
36ABTAbbott LaboratoriesStock-Healthcare0.50%—+61.37%
37SPOTSpotify Technology S.A.Stock-Comm Services0.49%+0.49%NEW
38BACBank Of America CORPStock-Financials0.47%-0.04%+58.21%
39HDHome Depot INCStock-Consumer Disc0.47%+0.01%+62.09%
40PLTRPalantir Technologies Inc-aStock-Tech0.46%—+62.94%
41APHAmphenol Corp-cl AStock-Tech0.46%-0.04%+51.78%
42AMDAdvanced Micro DevicesStock-Tech0.46%+0.01%+62.77%
43KLACKla CORPStock-Tech0.45%+0.10%+63.19%
44IBMIntl Business Machines CORPStock-Tech0.43%—+59.54%
45CMECme Group INCStock-Financials0.41%+0.04%+57.76%
46GEGeneral ElectricStock-Industrials0.40%-0.02%+62.11%
47PGRProgressive CORPStock-Financials0.40%—+55.40%
48CBChubb LimitedStock-Financials0.39%+0.03%+59.72%
49BKRBaker Hughes CoStock-Energy0.39%—+7.86%
50TXNTexas Instruments INCStock-Tech0.38%+0.06%+60.35%
1–50 of 538

Holding changes this quarter

Fjarde Ap-fonden /fourth Swedish National Pension Fund's most significant position changes for 2026-03-31: New buy: Spotify Technology S.A. (SPOT); Sold out: Millicom International Cellular S.A. (TIGO); Add: Microsoft CORP (MSFT) — shares +63.39%; Add: Ishares Core Msci Emerging (IEMG) — shares +122.42%; Add: Johnson & Johnson (JNJ) — shares +52.72%.

Position changes disclosed by Fjarde Ap-fonden /fourth Swedish National Pension Fund for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1IEMGIshares Core Msci Emerging+0.9%+122.42%Add
2JNJJohnson & Johnson+0.2%+52.72%Add
3LRCXLam Research CORP+0.2%+62.87%Add
4AMATApplied Materials INC+0.2%+59.22%Add
5WMTWalmart INC+0.2%+60.46%Add
6COSTCostco Wholesale CORP+0.2%+59.53%Add
7CATCaterpillar INC+0.2%+59.05%Add
8VZVerizon Communications INC+0.1%+63.08%Add
9MUMicron Technology INC+0.1%+62.88%Add
10KLACKla CORP+0.1%+63.19%Add
11GEVGE Vernova INC+0.1%+61.33%Add
12KOCoca-cola Co/the+0.1%+57.45%Add
13MRKMerck & Co. INC.+0.1%+48.32%Add
14TAt&t INC+0.1%+53.39%Add
15NFLXNetflix INC+0.1%+60.87%Add
16PEPPepsico INC+0.1%+60.17%Add
17LINLinde plc+0.1%+51.04%Add
18TXNTexas Instruments INC+0.1%+60.35%Add
19PGProcter & Gamble Co/the+0.1%+60.91%Add
20GILDGilead Sciences INC+0.1%+58.06%Add
21CSCOCisco Systems INC0%+59.35%Add
22CMECme Group INC0%+57.76%Add
23AMGNAmgen INC0%+59.86%Add
24TJXTjx Companies INC0%+58.91%Add
25MCDMcdonald's CORP0%+59.63%Add
26CBChubb Limited0%+59.72%Add
27VRTXVertex Pharmaceuticals INC0%+68.38%Add
28BRK-BBerkshire Hathaway Inc-cl B0%+63.47%Add
29ABBVAbbvie INC0%+64.16%Add
30HDHome Depot INC0%+62.09%Add
31AMDAdvanced Micro Devices0%+62.77%Add
32TMUST-mobile US INC0%+52.75%Add
33GEGeneral Electric0%+62.11%Add
34TSLATesla INC0%+71.98%Add
35APHAmphenol Corp-cl A0%+51.78%Add
36BACBank Of America CORP0%+58.21%Add
37JPMJpmorgan Chase & Co-0.1%+57.98%Add
38GOOGLAlphabet Inc-cl A-0.1%+62.13%Add
39MAMastercard INC - A-0.1%+61.71%Add
40GOOGAlphabet Inc-cl C-0.1%+60.89%Add
41NVDANvidia CORP-0.1%+61.72%Add
42AVGOBroadcom INC-0.1%+62.37%Add
43AAPLApple INC-0.1%+61.17%Add
44AMZNAmazon.com INC-0.1%+63.34%Add
45VVisa Inc-class A Shares-0.2%+61.27%Add
46LLYEli Lilly & Co-0.2%+60.60%Add
47METAMeta Platforms Inc-class A-0.2%+61.95%Add
48MSFTMicrosoft CORP-1%+63.39%Add
49SPOTSpotify Technology S.A.—NEWNew buy
50TIGOMillicom International Cellular S.A.—EXITSold out

FAQ

What is Fjarde Ap-fonden /fourth Swedish National Pension Fund and what type of investor is it?
Fjarde Ap-fonden /fourth Swedish National Pension Fund 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 $18.3B, spread across 538 disclosed positions.
What are Fjarde Ap-fonden /fourth Swedish National Pension Fund's largest equity positions?
Based on the latest 13F filing, Fjarde Ap-fonden /fourth Swedish National Pension Fund's top holdings by market value are: 1. Nvidia CORP (NVDA) — $1.2B (6.5%) 2. Apple INC (AAPL) — $1.0B (5.7%) 3. Microsoft CORP (MSFT) — $766.6M (4.2%) 4. Amazon.com INC (AMZN) — $513.1M (2.8%) 5. Ishares Core Msci Emerging (IEMG) — $479.4M (2.6%)
What changes did Fjarde Ap-fonden /fourth Swedish National Pension Fund make in its most recent portfolio filing?
In the latest reported quarter, Fjarde Ap-fonden /fourth Swedish National Pension Fund made 50 notable position adjustments: 1 new positions were initiated, 48 existing holdings were added to, 0 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Spotify Technology S.A. (SPOT); Sold out: Millicom International Cellular S.A. (TIGO); Add: Microsoft CORP (MSFT) — shares +63.39%; Add: Ishares Core Msci Emerging (IEMG) — shares +122.42%; Add: Johnson & Johnson (JNJ) — shares +52.72%
What sectors does Fjarde Ap-fonden /fourth Swedish National Pension Fund focus on?
Fjarde Ap-fonden /fourth Swedish National Pension Fund is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 39.3% • Communication Services: 14.5% • Health Care: 13.3% • Financials: 12.6% • Consumer Discretionary: 8.9% • Consumer Staples: 7.1%