FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND

STOCKHOLM, V7 · CIK 1540880 · 13F filing filed 2026-07-29

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Kindasset owner
Others nearbyStockholm

$20.9bn reported value +14.1% vs Q1 2026

525positions

31.4%in top 10

6 new 253 added 229 reduced 19 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	6,560,099	$1.3bn6.27%	6.27%	Reduced -249.8k	-249,800 -3.7%
2	APPLE INC COM AAPL	AAPL	4,147,208	$1.2bn5.73%	5.73%	Added +56.6k	+56,560 1.4%
3	MICROSOFT CORP COM MSFT	MSFT	2,123,559	$792.1m3.78%	3.78%	Added +52.5k	+52,520 2.5%
4	AMAZON COM INC COM AMZN	AMZN	2,514,375	$599.3m2.86%	2.86%	Added +50.9k	+50,900 2.1%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,637,434	$585.2m2.80%	2.80%	Reduced -11.6k	-11,560 -0.7%
6	BROADCOM INC COM AVGO	AVGO	1,379,883	$521.3m2.49%	2.49%	Added +238.9k	+238,880 20.9%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	1,324,032	$467.8m2.24%	2.24%	Reduced -105.6k	-105,620 -7.4%
8	META PLATFORMS INC CL A META	META	699,247	$393.9m1.88%	1.88%	Added +3.2k	+3,200 0.5%
9	MICRON TECHNOLOGY INC COM MU	MU	305,087	$352.2m1.68%	1.68%	Added +14.2k	+14,200 4.9%
10	ISHARES INC CORE MSCI EMKT IEMG	IEMG	4,165,043	$345.0m1.65%	1.65%	Reduced -2.7m	-2,708,224 -39.4%
11	ELI LILLY & CO COM LLY	LLY	274,422	$329.1m1.57%	1.57%	Reduced -70.1k	-70,120 -20.4%
12	JOHNSON & JOHNSON COM JNJ	JNJ	1,256,669	$319.2m1.52%	1.52%	Added +40.7k	+40,700 3.4%
13	VISA INC COM CL A V	V	833,530	$286.0m1.37%	1.37%	Reduced -32.8k	-32,800 -3.8%
14	APPLIED MATLS INC COM AMAT	AMAT	376,698	$272.4m1.30%	1.30%	Added +43.8k	+43,840 13.2%
15	ADVANCED MICRO DEVICES INC COM AMD	AMD	438,633	$254.8m1.22%	1.22%	Added +26.5k	+26,500 6.4%
16	LAM RESEARCH CORP COM NEW LRCX	LRCX	568,010	$246.1m1.18%	1.18%	Reduced -15.0k	-15,000 -2.6%
17	CISCO SYS INC COM CSCO	CSCO	2,002,917	$235.3m1.12%	1.12%	Reduced -185.8k	-185,800 -8.5%
18	JPMORGAN CHASE & CO COM JPM	JPM	687,767	$225.1m1.08%	1.08%	Reduced -4.5k	-4,480 -0.7%
19	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	412,534	$206.4m0.99%	0.99%	Reduced -2.5k	-2,505 -0.6%
20	WALMART INC COM WMT	WMT	1,746,421	$197.8m0.95%	0.95%	Reduced -16.4k	-16,400 -0.9%
21	CATERPILLAR INC COM CAT	CAT	175,084	$186.4m0.89%	0.89%	Reduced -12.5k	-12,480 -6.7%
22	MASTERCARD INCORPORATED CL A MA	MA	349,732	$179.6m0.86%	0.86%	Reduced -19.1k	-19,080 -5.2%
23	PROCTER AND GAMBLE CO COM PG	PG	1,167,628	$171.2m0.82%	0.82%	Reduced -17.3k	-17,300 -1.5%
24	KLA CORP COM NEW KLAC	KLAC	554,290	$167.2m0.80%	0.80%	Reduced -9.7k	-9,730 -1.7%
25	COSTCO WHSL CORP NEW COM COST	COST	176,966	$165.5m0.79%	0.79%	Reduced -5.6k	-5,560 -3.0%
26	COCA COLA CO COM KO	KO	1,993,456	$162.0m0.77%	0.77%	Reduced -65.4k	-65,400 -3.2%
27	MERCK & CO INC COM MRK	MRK	1,252,379	$160.9m0.77%	0.77%	Added +70.2k	+70,200 5.9%
28	INTEL CORP COM INTC	INTC	1,111,634	$155.2m0.74%	0.74%	Reduced -21.4k	-21,400 -1.9%
29	TESLA INC COM TSLA	TSLA	337,648	$142.0m0.68%	0.68%	Added +72.2k	+72,180 27.2%
30	ABBVIE INC COM ABBV	ABBV	543,225	$136.7m0.65%	0.65%	Added +10.3k	+10,300 1.9%
31	GE AEROSPACE COM NEW GE	GE	364,204	$136.1m0.65%	0.65%	Added +103.0k	+103,040 39.5%
32	NETFLIX INC COM NFLX	NFLX	1,885,865	$134.7m0.64%	0.64%	Added +42.9k	+42,870 2.3%
33	AMPHENOL CORP CL A APH	APH	671,539	$118.4m0.57%	0.57%	Added +7.5k	+7,500 1.1%
34	PEPSICO INC COM PEP	PEP	847,234	$114.7m0.55%	0.55%	Added +75.1k	+75,100 9.7%
35	UNITEDHEALTH GROUP INC COM UNH	UNH	257,828	$107.2m0.51%	0.51%	Reduced -116.7k	-116,680 -31.2%
36	TEXAS INSTRS INC COM TXN	TXN	353,731	$105.4m0.50%	0.50%	Reduced -700	-700 -0.2%
37	LINDE PLC SHS LIN	LIN	201,607	$104.6m0.50%	0.50%	Added +5.5k	+5,520 2.8%
38	BANK AMERICA CORP COM BAC	BAC	1,730,530	$98.6m0.47%	0.47%	Reduced -30.6k	-30,600 -1.7%
39	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	342,321	$96.3m0.46%	0.46%	Added +15.1k	+15,080 4.6%
40	TJX COS INC NEW COM TJX	TJX	617,918	$93.6m0.45%	0.45%	Added +26.5k	+26,500 4.5%
41	HOME DEPOT INC COM HD	HD	259,760	$91.6m0.44%	0.44%	Added +80	+80 0.0%
42	PALO ALTO NETWORKS INC COM PANW	PANW	266,698	$90.9m0.43%	0.43%	Added +11.2k	+11,200 4.4%
43	MCDONALDS CORP COM MCD	MCD	320,160	$86.5m0.41%	0.41%	Added +18.4k	+18,440 6.1%
44	WESTERN DIGITAL CORP COM WDC	WDC	133,316	$85.2m0.41%	0.41%	Added +43.9k	+43,900 49.1%
45	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	185,000	$84.9m0.41%	0.41%	Unchanged
46	GILEAD SCIENCES INC COM GILD	GILD	668,663	$84.5m0.40%	0.40%	Added +202.3k	+202,300 43.4%
47	GE VERNOVA INC COM GEV	GEV	70,733	$83.1m0.40%	0.40%	Added +2.8k	+2,800 4.1%
48	VERIZON COMMUNICATIONS INC COM VZ	VZ	1,908,488	$80.8m0.39%	0.39%	Added +79.9k	+79,900 4.4%
49	PROGRESSIVE CORP COM PGR	PGR	361,870	$79.1m0.38%	0.38%	Reduced -9.5k	-9,500 -2.6%
50	BAKER HUGHES COMPANY CL A BKR	BKR	1,412,480	$78.4m0.37%	0.37%	Added +253.2k	+253,177 21.8%
51	ARISTA NETWORKS INC COM SHS ANET	ANET	460,434	$78.2m0.37%	0.37%	Reduced -15.9k	-15,900 -3.3%
52	MARVELL TECHNOLOGY INC COM MRVL	MRVL	259,447	$77.3m0.37%	0.37%	Reduced -14.2k	-14,200 -5.2%
53	GOLDMAN SACHS GROUP INC COM GS	GS	76,205	$77.1m0.37%	0.37%	Reduced -1.6k	-1,560 -2.0%
54	CHUBB LIMITED COM CB	CB	225,846	$77.0m0.37%	0.37%	Added +7.4k	+7,440 3.4%
55	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	148,682	$73.9m0.35%	0.35%	Reduced -1.3k	-1,280 -0.8%
56	WELLTOWER INC COM WELL	WELL	321,820	$73.0m0.35%	0.35%	Added +76.5k	+76,500 31.2%
57	AT&T INC COM T	T	3,481,220	$72.1m0.34%	0.34%	Reduced -39.9k	-39,900 -1.1%
58	CORNING INC COM GLW	GLW	279,771	$71.5m0.34%	0.34%	Added +12.9k	+12,900 4.8%
59	QUALCOMM INC COM QCOM	QCOM	382,006	$70.6m0.34%	0.34%	Reduced -55.5k	-55,500 -12.7%
60	WELLS FARGO CO NEW COM WFC	WFC	844,329	$69.8m0.33%	0.33%	Added +6.3k	+6,300 0.8%
61	ORACLE CORP COM ORCL	ORCL	471,142	$69.0m0.33%	0.33%	Added +11.3k	+11,260 2.5%
62	AMERICAN EXPRESS CO COM AXP	AXP	203,773	$68.9m0.33%	0.33%	Added +45.4k	+45,400 28.7%
63	UNION PAC CORP COM UNP	UNP	247,176	$67.2m0.32%	0.32%	Added +29.6k	+29,600 13.6%
64	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	569,173	$66.4m0.32%	0.32%	Reduced -10.1k	-10,100 -1.7%
65	AMGEN INC COM AMGN	AMGN	176,962	$64.1m0.31%	0.31%	Added +10.9k	+10,880 6.5%
66	MORGAN STANLEY COM NEW MS	MS	303,415	$63.4m0.30%	0.30%	Added +7.2k	+7,200 2.4%
67	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	65,428	$63.1m0.30%	0.30%	Added +11.3k	+11,320 20.9%
68	CITIGROUP INC COM NEW C	C	449,441	$62.9m0.30%	0.30%	Reduced -25.0k	-25,000 -5.3%
69	CME GROUP INC COM CME	CME	284,507	$62.8m0.30%	0.30%	Added +29.8k	+29,760 11.7%
70	ABBOTT LABS COM ABT	ABT	669,954	$60.8m0.29%	0.29%	Reduced -214.7k	-214,700 -24.3%
71	WASTE MGMT INC DEL COM WM	WM	272,746	$60.8m0.29%	0.29%	Added +44.9k	+44,900 19.7%
72	MCKESSON CORP COM MCK	MCK	80,197	$60.6m0.29%	0.29%	Added +3.0k	+2,960 3.8%
73	MARSH & MCLENNAN COS INC COM MRSH	MRSH	359,381	$59.9m0.29%	0.29%	Added +27.4k	+27,400 8.2%
74	EATON CORP PLC SHS ETN	ETN	137,105	$58.4m0.28%	0.28%	Added +2.3k	+2,280 1.7%
75	T-MOBILE US INC COM TMUS	TMUS	346,454	$58.1m0.28%	0.28%	Added +39.8k	+39,800 13.0%
76	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	993,206	$57.2m0.27%	0.27%	Added +398.2k	+398,200 66.9%
77	MONSTER BEVERAGE CORP NEW COM MNST	MNST	570,891	$54.9m0.26%	0.26%	Added +400	+400 0.1%
78	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	71,477	$54.5m0.26%	0.26%	Added +1.7k	+1,680 2.4%
79	FORTINET INC COM FTNT	FTNT	348,930	$53.6m0.26%	0.26%	Reduced -31.2k	-31,200 -8.2%
80	ANALOG DEVICES INC COM ADI	ADI	134,506	$53.4m0.26%	0.26%	Added +9.4k	+9,420 7.5%
81	CENCORA INC COM COR	COR	186,812	$52.9m0.25%	0.25%	Added +80	+80 0.0%
82	TRAVELERS COMPANIES INC COM TRV	TRV	158,161	$52.2m0.25%	0.25%	Added +22.8k	+22,760 16.8%
83	COLGATE PALMOLIVE CO COM CL	CL	549,324	$50.4m0.24%	0.24%	Reduced -11.7k	-11,700 -2.1%
84	APPLOVIN CORP COM CL A APP	APP	95,380	$49.1m0.23%	0.23%	Added +34.8k	+34,800 57.4%
85	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	122,499	$48.7m0.23%	0.23%	Reduced -7.0k	-6,960 -5.4%
86	UBER TECHNOLOGIES INC COM UBER	UBER	658,783	$47.5m0.23%	0.23%	Reduced -262.6k	-262,600 -28.5%
87	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	93,258	$46.8m0.22%	0.22%	Added +1.8k	+1,840 2.0%
88	PARKER-HANNIFIN CORP COM PH	PH	47,300	$46.3m0.22%	0.22%	Added +4.9k	+4,920 11.6%
89	PFIZER INC COM PFE	PFE	1,898,971	$45.7m0.22%	0.22%	Added +457.7k	+457,700 31.8%
90	ADOBE INC COM ADBE	ADBE	218,486	$44.8m0.21%	0.21%	Reduced -14.3k	-14,320 -6.2%
91	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	484,584	$44.6m0.21%	0.21%	Added +1.2k	+1,200 0.2%
92	TRANE TECHNOLOGIES PLC SHS TT	TT	90,713	$44.6m0.21%	0.21%	Reduced -8.4k	-8,440 -8.5%
93	SCHWAB CHARLES CORP COM SCHW	SCHW	480,711	$44.4m0.21%	0.21%	Added +33.9k	+33,900 7.6%
94	DISNEY WALT CO COM DIS	DIS	455,300	$43.8m0.21%	0.21%	Reduced -17.5k	-17,500 -3.7%
95	SALESFORCE INC COM CRM	CRM	277,879	$43.5m0.21%	0.21%	Reduced -43.7k	-43,700 -13.6%
96	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	113,443	$42.6m0.20%	0.20%	Added +1.6k	+1,600 1.4%
97	REPUBLIC SVCS INC COM RSG	RSG	198,974	$42.4m0.20%	0.20%	Reduced -2.0k	-2,000 -1.0%
98	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	185,768	$41.6m0.20%	0.20%	Reduced -9.2k	-9,200 -4.7%
99	CHENIERE ENERGY INC COM NEW LNG	LNG	168,880	$40.4m0.19%	0.19%	Added +20.7k	+20,680 13.9%
100	AON PLC SHS CL A AON	AON	120,985	$40.1m0.19%	0.19%	Added +27.7k	+27,680 29.7%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SOUTHERN CO SO	SO	207,650	$20.0m207.7k shares
NEWMONT CORP NEM	NEM	114,900	$12.4m114.9k shares
DUKE ENERGY CORP NEW DUK	DUK	83,650	$11.0m83.7k shares
PACCAR INC PCAR	PCAR	91,100	$10.5m91.1k shares
CARNIVAL CORP		307,700	$8.0m307.7k shares
ESSENTIAL UTILS INC WTRG	WTRG	181,286	$7.3m181.3k shares
AIR PRODS & CHEMS INC APD	APD	23,330	$6.8m23.3k shares
EXPEDITORS INTL WASH INC EXPD	EXPD	44,800	$6.4m44.8k shares
ATMOS ENERGY CORP ATO	ATO	32,500	$6.0m32.5k shares
TELUS CORPORATION TU	TU	254,100	$3.3m254.1k shares
FIRSTENERGY CORP FE	FE	54,100	$2.7m54.1k shares
POLESTAR AUTOMOTIVE HLDG UK PSNY	PSNY	145,586	$2.7m145.6k shares
DUPONT DE NEMOURS INC DWDP	DWDP	17,358	$2.4m17.4k shares
SOLVENTUM CORP SOLV	SOLV	36,307	$2.4m36.3k shares
ZEBRA TECHNOLOGIES CORPORATI ZBRA	ZBRA	10,385	$2.2m10.4k shares
HUNT J B TRANS SVCS INC JBHT	JBHT	6,400	$1.4m6.4k shares
MONDAY COM LTD MNDY	MNDY	19,121	$1.3m19.1k shares
NRG ENERGY INC NRG	NRG	3,750	$548.0k3.8k shares
GLOBAL E ONLINE LTD GLBE	GLBE	46	$1.4k46 shares