Latest FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION Stock Portfolio

FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION Performance:

2025 Q4: -4.26%YTD: 3.87%2024: 23.39%

Performance for 2025 Q4 is -4.26%, and YTD is 3.87%, and 2024 is 23.39%.

About FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION and 13F Hedge Fund Stock Holdings

On 2026-02-11, the fund reported it's updated stock portfolio. In the 13F Holdings report, FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND reported an equity portfolio of $11.9 Billions as of 31 Dec, 2025.

The top stock holdings of FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND are NVDA, AAPL, MSFT. The fund has invested 6.6% of it's portfolio in NVIDIA CORPORATION and 5.8% of portfolio in APPLE INC.

The fund managers got completely rid off KELLANOVA (K), BIOMARIN PHARMACEUTICAL INC (BMRN) and AKAMAI TECHNOLOGIES INC (AKAM) stocks. They significantly reduced their stock positions in PPG INDS INC (PPG), KRAFT HEINZ CO (KHC) and NXP SEMICONDUCTORS N V (NXPI). FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND opened new stock positions in ISHARES INC (EMGF), MILLICOM INTL CELLULAR S A and WELLTOWER INC (WELL). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), SERVICENOW INC (NOW) and BALL CORP (BALL).

FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION Annual Return Estimates Vs S&P 500

Our best estimate is that FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND made a return of -4.26% in the last quarter. In trailing 12 months, it's portfolio return was 3.87%.

Performance
S&P 500

New Buys

Ticker	$ Bought
ishares inc	207,723,000
millicom intl cellular s a	55,440,000
welltower inc	27,548,200
prologis inc.	20,096,400
equinix inc	12,763,500
simon ppty group inc new	11,007,900
comfort sys usa inc	10,900,800
sea ltd	10,648,700

New stocks bought by FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION

Additions

Ticker	% Inc.
netflix inc	893
servicenow inc	407
ball corp	218
hartford insurance group inc	125
ge vernova inc	98.00
avery dennison corp	74.53
everest group ltd	59.86
crh plc	58.69

Additions to existing portfolio by FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION

Reductions

Ticker	% Reduced
ppg inds inc	-78.38
kraft heinz co	-71.74
nxp semiconductors n v	-57.67
sherwin williams co	-53.56
dover corp	-50.51
pulmonx corp	-47.54
smucker j m co	-45.06
regeneron pharmaceuticals	-44.25

FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION reduced stake in above stock

Sold off

Ticker	$ Sold
amcor plc	-1,220,000

FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION got rid off the above stocks

Sector Distribution

FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND has about 33.8% of it's holdings in Technology sector.

Sector	%
Technology	33.8
Financial Services	12
Healthcare	11.8
Communication Services	10.5
Consumer Cyclical	8.6
Industrials	6.5
Others	6.3
Consumer Defensive	5.8
Real Estate	1.8
Basic Materials	1.2

Market Cap. Distribution

FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND has about 93.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	48.8
LARGE-CAP	44.5
UNALLOCATED	6.1

Stocks belong to which Index?

About 87.2% of the stocks held by FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	87.2
Others	12.3

Top 5 Winners (%)		%
MU	micron technology inc	70.4 %
WBD	warner bros discovery inc	46.6 %
	rocket lab corp	44.9 %
WDC	western digital corp	43.3 %
NTRA	natera inc	41.5 %

Top 5 Winners ($)		$
GOOG	alphabet inc	73.8 M
LLY	eli lilly & co	66.9 M
GOOG	alphabet inc	65.0 M
AAPL	apple inc	44.8 M
MU	micron technology inc	21.1 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.6 %
NOW	servicenow inc	-75.0 %
	fiserv inc	-47.0 %
DD	dupont de nemours inc	-45.4 %
RBLX	roblox corp	-41.5 %

Top 5 Losers ($)		$
NFLX	netflix inc	-696.8 M
NOW	servicenow inc	-108.1 M
MSFT	microsoft corp	-43.9 M
META	meta platforms inc	-31.9 M
ORCL	oracle corp	-24.0 M

FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION

FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND has 499 stocks in it's portfolio. About 33.5% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND last quarter.

Last Reported on: 11 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.08	68,824	9,364,880	reduced	-3.64

AAPL	apple inc	5.78	2,538,150	690,021,000	reduced	-4.61

ABBV	abbvie inc	0.62	324,644	74,177,900	reduced	-2.61

ABC	cencora inc	0.34	118,677	40,083,200	reduced	-8.48

ABNB	airbnb inc	0.09	76,100	10,328,300	reduced	-2.69

ABT	abbott labs	0.58	548,204	68,684,500	added	2.3

ACGL	arch cap group ltd	0.15	184,450	17,692,400	reduced	-17.49

ACM	aecom	0.05	63,191	6,024,000	reduced	-19.6

ACN	accenture plc ireland	0.46	203,523	54,605,200	reduced	-1.69

ADBE	adobe inc	0.41	138,456	48,458,200	added	4.23

ADI	analog devices inc	0.17	77,086	20,905,700	reduced	-3.38

ADM	archer daniels midland co	0.03	67,243	3,865,800	added	0.6

ADP	automatic data processing in	0.24	112,938	29,051,000	reduced	-14.88

ADSK	autodesk inc	0.19	77,742	23,012,400	added	39.37

AFG	american finl group inc ohio	0.03	22,258	3,042,220	added	57.21

AFL	aflac inc	0.09	91,674	10,108,900	reduced	-33.46

AFRM	affirm hldgs inc	0.04	62,000	4,614,660	reduced	-0.16

AIG	american intl group inc	0.07	95,437	8,164,640	reduced	-2.35

AJG	gallagher arthur j & co	0.16	75,954	19,656,100	reduced	-0.05

ALB	albemarle corp	0.05	44,000	6,223,360	new