13F filer · CIK 946431 ↗
Swedbank AB
You are looking at Q2 2025. See the latest, Q3 2026 →
Reported value
$88.96B
+9.4% on the quarter before
Positions
668
35 new · 59 sold out
Top 10
37.7%
of the value
Est. gain
+$5.10B
on stocks held all quarter
Est. return
+6.9%
on those stocks since Q4 2024
Positions as of Jun 30, 2025, from Swedbank AB's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 50% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2024. Striped tiles are options.
Largest buys
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Nvidia~$862.4MAdded · 6.2% → 7.7%+5,458,486 shares
- Alphabet~$447.8MAdded · 2.0% → 2.2%+2,524,181 shares
- Roper Technologies Inc~$341.9MAdded · 0.0% → 0.4%+603,177 shares
- Citigroup Inc~$219.6MAdded · 0.7% → 1.0%+2,579,641 shares
- Pinterest Inc~$219.3MAdded · 0.0% → 0.3%+6,115,833 shares
- Fiserv Inc~$216.0MAdded · 0.1% → 0.3%+1,252,905 shares
- Amazon~$193.7MAdded · 3.9% → 3.8%+882,685 shares
- Intuitive Surgical~$186.8MAdded · 0.1% → 0.3%+343,725 shares
- Alphabet~$186.2MAdded · 2.0% → 1.9%+1,056,547 shares
- Intel~$171.4MAdded · 0.0% → 0.2%+7,652,263 shares
Largest sells
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Broadcom~$662.3MCut · 4.7% → 4.4%−2,402,855 shares
- Accenture Plc Ireland~$445.1MCut · 1.6% → 0.8%−1,489,230 shares
- ServiceNow~$355.5MCut · 1.4% → 0.9%−345,790 shares
- Walt Disney Company (The)~$319.1MCut · 0.5% → 0.1%−2,573,365 shares
- Unitedhealth Group Inc~$251.0MCut · 1.3% → 0.5%−804,555 shares
- Walmart Inc~$241.9MCut · 0.6% → 0.3%−2,474,308 shares
- Salesforce~$219.5MCut · 1.6% → 0.9%−804,915 shares
- Tesla~$186.4MCut · 0.6% → 0.2%−586,652 shares
- Berkshire Hathaway Inc Del~$183.6MCut · 1.0% → 0.8%−377,919 shares
- Pepsico Inc~$159.2MCut · 0.4% → 0.1%−1,205,436 shares
Holdings
As of Jun 30, 2025. Changes are in shares against Dec 31, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MicrosoftCOM · shares −1.7% · price +18.0% | 7.7% | $6.89B | +$1.05B | ||||||||
| NvidiaCOM · shares +14% · price +17.6% | 7.7% | $6.83B | +$895.3M | ||||||||
| AppleCOM · shares +1.7% · price −18.1% | 4.4% | $3.91B | −$847.3M | ||||||||
| BroadcomCOM · shares −15% · price +18.9% | 4.4% | $3.88B | +$616.3M | ||||||||
| AmazonCOM · shares +6.1% · price +0.0% | 3.8% | $3.36B | +$2.78 | ||||||||
| MetaCL A · shares −5.3% · price +26.1% | 2.9% | $2.55B | +$526.2M | ||||||||
| AlphabetCAP STK CL C · shares +30% · price −6.9% | 2.2% | $1.95B | −$110.7M | ||||||||
| AlphabetCAP STK CL A · shares +12% · price −6.9% | 1.9% | $1.68B | −$111.1M | ||||||||
| Jpmorgan Chase & Co.COM · shares +12% · price +20.9% | 1.5% | $1.34B | +$207.2M | ||||||||
| MastercardCL A · shares +6.4% · price +6.7% | 1.3% | $1.14B | +$67.2M | ||||||||
| Eli LillyCOM · shares +16% · price +1.0% | 1.2% | $1.03B | +$8.6M | ||||||||
| Visa Inc.COM CL A · shares +19% · price +12.3% | 1.1% | $960.9M | +$88.5M | ||||||||
| Citigroup IncCOM NEW · shares +31% · price +20.9% | 1.0% | $928.4M | +$122.7M | ||||||||
| Spotify Technology S ASHS · shares +21% · price +71.5% | 0.99% | $881.3M | +$302.7M | ||||||||
| SalesforceCOM · shares −21% · price −18.4% | 0.93% | $824.8M | −$186.5M | ||||||||
| Analog DevicesCOM · shares −0.4% · price +12.0% | 0.90% | $801.6M | +$86.1M | ||||||||
| Arista NetworksCOM SHS · shares +13% · price −7.4% | 0.88% | $783.8M | −$55.5M | ||||||||
| ServiceNowCOM · shares −31% · price −3.0% | 0.87% | $777.1M | −$24.2M | ||||||||
| Applied MaterialsCOM · shares −2.5% · price +12.6% | 0.78% | $689.9M | +$77.0M | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares −21% · price +7.2% | 0.78% | $689.9M | +$46.1M | ||||||||
| Thermo Fisher Scientific IncCOM · shares +18% · price −22.1% | 0.77% | $682.8M | −$163.3M | ||||||||
| Accenture Plc IrelandSHS CLASS A · shares −40% · price −15.0% | 0.76% | $679.8M | −$120.3M | ||||||||
| SynopsysCOM · shares −13% · price +5.6% | 0.76% | $674.1M | +$35.9M | ||||||||
| KeysightCOM · shares −9.3% · price +2.0% | 0.73% | $651.6M | +$12.8M | ||||||||
| Merck & Co IncCOM · shares +2.8% · price −20.4% | 0.70% | $623.4M | −$155.7M | ||||||||
| Total · 668 positions | 100% | $88.96B | +$5.10B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q4 2024 to Q2 2025: 633 stocks held throughout, up $5.10B (+6.9%).
- Microsoft+$1.05B+18%
- Nvidia+$895.3M+18%
- Broadcom+$616.3M+19%
- Meta+$526.2M+26%
- Spotify Technology S A+$302.7M+72%
- Merck & Co Inc−$155.7M−20%
- Thermo Fisher Scientific Inc−$163.3M−22%
- Salesforce−$186.5M−18%
- Unitedhealth Group Inc−$254.0M−38%
- Apple−$847.3M−18%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 2 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q3 2026 | Oct 27, 2026 | $117.74B+2% | SEC ↗ |
| Q2 2026 | Jul 15, 2026 | $115.99B+22% | SEC ↗ |
| Q1 2026 | Apr 29, 2026 | $95.15B−8% | SEC ↗ |
| Q4 2025 | Feb 9, 2026 (amended) | $103.37B+5% | SEC ↗ |
| Q3 2025 | Oct 15, 2025 | $98.65B+11% | SEC ↗ |
| Q2 2025 | Jul 10, 2025 | $88.96B+9% | SEC ↗ |
| Q4 2024 | Jan 22, 2025 | $81.32B+4% | SEC ↗ |
| Q3 2024 | Oct 11, 2024 (amended) | $78.51B+5% | SEC ↗ |
| Q2 2024 | Jul 11, 2024 | $74.81B+6% | SEC ↗ |
| Q1 2024 | May 13, 2024 (amended) | $70.85B+14% | SEC ↗ |
| Q4 2023 | Dec 6, 2024 | $62.11B+8% | SEC ↗ |
| Q3 2023 | Dec 6, 2024 | $57.73B−2% | SEC ↗ |
| Q2 2023 | Dec 6, 2024 | $58.98B+16% | SEC ↗ |
| Q1 2023 | Dec 6, 2024 | $50.71B+12% | SEC ↗ |
| Q4 2022 | Dec 6, 2024 | $45.47B+8% | SEC ↗ |
| Q3 2022 | Dec 6, 2024 | $42.13B−5% | SEC ↗ |
| Q2 2022 | Dec 6, 2024 | $44.30B−18% | SEC ↗ |
| Q1 2022 | Dec 6, 2024 | $53.93B−10% | SEC ↗ |
| Q4 2021 | Dec 6, 2024 | $59.82B+12% | SEC ↗ |
| Q3 2021 | Dec 6, 2024 | $53.56B+0% | SEC ↗ |
| Q2 2021 | Dec 6, 2024 | $53.31B+11% | SEC ↗ |
| Q1 2021 | Dec 6, 2024 | $48.14B | SEC ↗ |