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FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND — 13F Holdings & Portfolio

CIK 1540880 · latest 13F-HR filed 2026-10-15

Backtest portfolio

FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND manages $19.35B in 13F-reported U.S. long-equity assets across 516 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are NVDA (7.29%), AAPL (6.73%), MSFT (5.27%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 5 new positions and exited 14; 102 existing positions rose in reported value and 334 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$19.35B

Long-equity book

Holdings
516

Distinct positions

Period
2026-09-30

Filed 2026-10-15

Q/Q Activity
+5 / −14 / ↑102 / ↓334

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
NVDA7.3% · -6%AAPL6.7% · -6%MSFT5.3% · -6%AMZN3.1% · -5%GOOGL2.8% · -6%META2.5% · -6%AVGO2.4% · -5%GOOG2.2% · -5%MU1.6% · -5%LLY1.5% · -7%JNJ1.5% · -12%V1.4% · -8%AMD1.3% · -5%JPM1.1% · -6%CSCO1.0% · -7%BRK.B1.0% · -6%AMAT0.9% · -5%MA0.9% · -7%LRCX0.9% · -6%WMT0.9% · -5%PG0.8% · -5%MRK0.8% · -13%COST0.8% · -3%KO0.8% · -10%ABBV0.7% · -6%CAT0.7% · -6%INTC0.7% · -6%NFLX0.6% · -9%APH0.5% · +85%GE0.5% · -9%KLAC0.5% · -4%PLTR0.5% · -6%TXN0.5% · -4%PANW0.5% · -12%UNH0.5% · -3%PEP0.5% · -18%LIN0.5% · -8%ANET0.5% · -7%BAC0.5% · -8%VZ0.4% · -5%GILD0.4% · -16%T0.4% · -5%TJX0.4% · -4%BKR0.4% · -6%VRTX0.4% · -6%HD0.4% · -2%CRWD0.4% · +278%TSLA0.4% · -40%PGR0.4% · -5%AMGN0.4% · -8%QCOM0.3% · -4%CB0.3% · -8%SNDK0.3% · newMCD0.3% · -10%WELL0.3% · -11%GS0.3% · -5%WFC0.3% · -4%GEV0.3% · -5%MRVL0.3% · -8%CME0.3% · -16%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 35.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 102 →

Top Trims

Show all 334 →

New Positions

Show all 5 →

Exited Positions

Show all 14 →

FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORPORATION NVDA 67066G104 $1.41B 7.29% 6,178,867 SH
2 APPLE INC AAPL 037833100 $1.30B 6.73% 3,908,828 SH
3 MICROSOFT CORP MSFT 594918104 $1.02B 5.27% 1,988,774 SH
4 AMAZON COM INC AMZN 023135106 $592.5M 3.06% 2,378,091 SH
5 ALPHABET INC GOOGL 02079K305 $532.6M 2.75% 1,548,030 SH
6 META PLATFORMS INC META 30303M102 $478.0M 2.47% 659,159 SH
7 BROADCOM INC AVGO 11135F101 $460.4M 2.38% 1,310,833 SH
8 ALPHABET INC GOOG 02079K107 $428.4M 2.21% 1,257,325 SH
9 MICRON TECHNOLOGY INC MU 595112103 $307.6M 1.59% 288,774 SH
10 ELI LILLY & CO LLY 532457108 $295.3M 1.53% 255,175 SH
11 JOHNSON & JOHNSON JNJ 478160104 $292.6M 1.51% 1,105,140 SH
12 VISA INC V 92826C839 $274.8M 1.42% 764,625 SH
13 ADVANCED MICRO DEVICES INC AMD 007903107 $254.8M 1.32% 416,532 SH
14 JPMORGAN CHASE & CO JPM 46625H100 $212.7M 1.10% 642,919 SH
15 CISCO SYS INC CSCO 17275R102 $200.4M 1.04% 1,862,177 SH
16 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $192.4M 0.99% 386,314 SH
17 APPLIED MATLS INC AMAT 038222105 $183.2M 0.95% 358,226 SH
18 MASTERCARD INCORPORATED MA 57636Q104 $180.2M 0.93% 326,721 SH
19 LAM RESEARCH CORP LRCX 512807306 $176.2M 0.91% 536,303 SH
20 WALMART INC WMT 931142103 $172.3M 0.89% 1,658,334 SH
21 PROCTER & GAMBLE CO PG 742718109 $160.8M 0.83% 1,106,530 SH
22 MERCK & CO INC MRK 58933Y105 $158.5M 0.82% 1,090,990 SH
23 COSTCO WHOLESALE CORPORATION COST 22160K105 $156.3M 0.81% 171,726 SH
24 COCA COLA CO KO 191216100 $154.1M 0.80% 1,790,667 SH
25 ABBVIE INC ABBV 00287Y109 $134.3M 0.69% 513,338 SH
26 CATERPILLAR INC CAT 149123101 $134.1M 0.69% 165,452 SH
27 INTEL CORP INTC 458140100 $126.3M 0.65% 1,050,694 SH
28 NETFLIX INC. NFLX 64110L106 $119.5M 0.62% 1,717,885 SH
29 AMPHENOL CORP APH 032095101 $104.8M 0.54% 1,243,090 SH
30 GE AEROSPACE GE 369604301 $104.0M 0.54% 332,963 SH
31 KLA CORP KLAC 482480100 $103.3M 0.53% 530,099 SH
32 PALANTIR TECHNOLOGIES INC PLTR 69608A108 $100.0M 0.52% 534,468 SH
33 TEXAS INSTRS INC TXN 882508104 $95.6M 0.49% 341,335 SH
34 PALO ALTO NETWORKS INC PANW 697435105 $93.4M 0.48% 235,115 SH
35 UNITEDHEALTH GROUP INC UNH 91324P102 $91.8M 0.47% 250,091 SH
36 PEPSICO INC PEP 713448108 $88.5M 0.46% 698,342 SH
37 LINDE PLC LIN G54950103 $87.6M 0.45% 184,547 SH
38 ARISTA NETWORKS INC ANET 040413205 $87.5M 0.45% 429,885 SH
39 BANK AMERICA CORP BAC 060505104 $87.0M 0.45% 1,598,178 SH
40 VERIZON COMMUNICATIONS INC VZ 92343V104 $83.3M 0.43% 1,817,024 SH
41 GILEAD SCIENCES INC GILD 375558103 $83.3M 0.43% 558,657 SH
42 AT&T INC T 00206R102 $81.0M 0.42% 3,319,455 SH
43 TJX COS INC NEW TJX 872540109 $78.9M 0.41% 596,116 SH
44 BAKER HUGHES COMPANY BKR 05722G100 $73.3M 0.38% 1,334,307 SH
45 VERTEX PHARMACEUTICALS INC VRTX 92532F100 $73.1M 0.38% 139,893 SH
46 HOME DEPOT INC HD 437076102 $72.2M 0.37% 253,899 SH
47 CROWDSTRIKE HLDGS INC CRWD 22788C105 $71.6M 0.37% 270,573 SH
48 TESLA INC TSLA 88160R101 $71.6M 0.37% 201,768 SH
49 PROGRESSIVE CORP PGR 743315103 $71.4M 0.37% 344,374 SH
50 AMGEN INC AMGN 031162100 $68.5M 0.35% 162,532 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-15 $19.35B 516 0001540880-26-000013
2026-06-30 2026-07-29 $20.93B 525 0001540880-26-000008
2026-03-31 2026-04-27 $18.34B 538 0001540880-26-000006
2025-12-31 2026-02-11 $11.94B 499 0001540880-26-000005
Filer Information
Address
P.O. BOX 3069
STOCKHOLM, V7 SE 10361
Phone
004687877500
Filing Manager
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND
STOCKHOLM, V7
Signatory
carina Sand
Senior Financial Specialist