13F filer · CIK 946431 ↗
Swedbank AB
You are looking at Q4 2025. See the latest, Q3 2026 →
Reported value
$103.37B
+4.8% on the quarter before
Positions
681
32 new · 20 sold out
Top 10
38.5%
of the value
Est. gain
+$2.29B
on stocks held all quarter
Est. return
+2.4%
on those stocks since Q3 2025
Positions as of Dec 31, 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, 51% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2025. Striped tiles are options.
Largest buys
Since Q3 2025, 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.
- ServiceNow~$400.7MAdded · 0.7% → 0.5%+2,615,500 shares
- Microsoft~$345.1MAdded · 7.4% → 6.9%+713,576 shares
- Prologis~$260.2MAdded · 0.7% → 0.9%+2,038,329 shares
- Spotify Technology S A~$257.9MAdded · 0.8% → 0.9%+444,162 shares
- AMD~$231.1MAdded · 0.2% → 0.5%+1,079,198 shares
- Mckesson Corp~$215.9MAdded · 0.5% → 0.7%+263,189 shares
- Palantir~$202.3MAdded · 0.2% → 0.4%+1,137,845 shares
- Intercontinental Exchange In~$172.5MAdded · 0.4% → 0.6%+1,064,967 shares
- Micron~$168.9MAdded · 0.5% → 1.0%+591,865 shares
- Oracle~$149.4MAdded · 0.8% → 0.7%+766,469 shares
Largest sells
Since Q3 2025, 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.
- Apple~$402.2MCut · 5.0% → 4.7%−1,479,580 shares
- Keysight~$305.1MCut · 0.6% → 0.3%−1,501,506 shares
- Cencora Inc~$245.4MCut · 0.4% → 0.2%−726,578 shares
- Alphabet~$229.9MCut · 2.8% → 3.2%−732,522 shares
- Synopsys~$201.6MCut · 0.8% → 0.5%−429,089 shares
- Broadcom~$184.2MCut · 4.3% → 4.1%−532,219 shares
- Amazon~$145.5MCut · 3.6% → 3.5%−630,319 shares
- Salesforce~$131.6MCut · 0.6% → 0.5%−496,798 shares
- Ww Grainger Inc~$130.9MCut · 0.2% → 0.0%−129,693 shares
- Pinterest Inc~$112.9MCut · 0.3% → 0.1%−4,360,250 shares
Holdings
As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NvidiaCOM · shares −0.6% · price −0.0% | 7.7% | $7.96B | −$3.4M | ||||||||
| MicrosoftCOM · shares +5.1% · price −6.6% | 6.9% | $7.15B | −$483.1M | ||||||||
| AppleCOM · shares −7.6% · price +6.8% | 4.7% | $4.91B | +$311.1M | ||||||||
| BroadcomCOM · shares −4.2% · price +4.9% | 4.1% | $4.23B | +$198.0M | ||||||||
| AmazonCOM · shares −3.9% · price +5.1% | 3.5% | $3.60B | +$175.7M | ||||||||
| AlphabetCAP STK CL C · shares −6.4% · price +28.8% | 3.2% | $3.35B | +$749.6M | ||||||||
| AlphabetCAP STK CL A · shares −0.3% · price +28.8% | 2.9% | $3.03B | +$677.1M | ||||||||
| MetaCL A · shares −2.0% · price −10.1% | 2.2% | $2.25B | −$253.4M | ||||||||
| Eli LillyCOM · shares +7.4% · price +40.8% | 1.7% | $1.79B | +$484.1M | ||||||||
| Jpmorgan Chase & Co.COM · shares −2.3% · price +2.2% | 1.5% | $1.52B | +$32.1M | ||||||||
| MastercardCL A · shares +9.7% · price +0.4% | 1.2% | $1.29B | +$4.2M | ||||||||
| Citigroup IncCOM NEW · shares −4.7% · price +15.0% | 1.2% | $1.21B | +$157.0M | ||||||||
| Visa Inc.COM CL A · shares +0.6% · price +2.7% | 1.0% | $1.05B | +$27.7M | ||||||||
| Analog DevicesCOM · shares +4.0% · price +10.4% | 0.99% | $1.02B | +$92.2M | ||||||||
| MicronCOM · shares +20% · price +70.6% | 0.99% | $1.02B | +$352.1M | ||||||||
| PrologisCOM · shares +36% · price +11.5% | 0.95% | $978.5M | +$73.9M | ||||||||
| Thermo Fisher Scientific IncCOM · shares −6.6% · price +19.5% | 0.94% | $970.2M | +$158.1M | ||||||||
| Arista NetworksCOM SHS · shares +3.6% · price −10.1% | 0.93% | $965.0M | −$104.3M | ||||||||
| Spotify Technology S ASHS · shares +38% · price −16.8% | 0.91% | $938.6M | −$137.5M | ||||||||
| KLACOM NEW · shares +16% · price +12.7% | 0.90% | $927.8M | +$89.5M | ||||||||
| Merck & Co IncCOM · shares −8.3% · price +25.4% | 0.78% | $805.4M | +$163.2M | ||||||||
| Applied MaterialsCOM · shares −12% · price +25.5% | 0.74% | $761.7M | +$154.9M | ||||||||
| Xylem IncCOM · shares +6.0% · price −7.7% | 0.73% | $750.1M | −$58.8M | ||||||||
| Mckesson CorpCOM · shares +42% · price +6.2% | 0.70% | $727.0M | +$29.8M | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares −3.2% · price −0.0% | 0.70% | $721.0M | −$129,093 | ||||||||
| Total · 681 positions | 100% | $103.37B | +$2.29B |
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 Q3 2025 to Q4 2025: 649 stocks held throughout, up $2.29B (+2.4%).
- Alphabet+$749.6M+29%
- Alphabet+$677.1M+29%
- Eli Lilly+$484.1M+41%
- Micron+$352.1M+71%
- Apple+$311.1M+7%
- Spotify Technology S A−$137.5M−17%
- Oracle−$237.0M−31%
- Meta−$253.4M−10%
- Microsoft−$483.1M−7%
- ServiceNow−$613.8M−83%
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 ↗ |