Q3 2026 13F · SEC CIK 1540880

Fjarde Ap-Fonden /fourth Swedish National Pension Fund

Pension fundFiled 2026-10-15 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $19.4B
Reported positions: 516
Top holdings a year, 3 yrs: +23.6%
Average holding period: 10.3 yrs

Fjarde Ap-Fonden /fourth Swedish National Pension Fund is a pension fund that reported 516 positions worth $19.4B in its Q3 2026 13F, filed 2026-10-15. Its largest holdings were Nvidia Corporation (NVDA, 7.3%), Apple Inc (AAPL, 6.7%), Microsoft Corp (MSFT, 5.3%). A portfolio copying its top holdings returned 23.6% a year over the last 3 years, against 20.4% for the S&P 500.

Fjarde Ap-Fonden /fourth Swedish National Pension Fund holdings largest 50 of 516 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Fjarde Ap-Fonden /fourth Swedish National Pension Fund 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
NVDANvidia Corporation	7.3%	6.3%	6,178,867	-5.8%	$1.4B
AAPLApple Inc	6.7%	5.7%	3,908,828	-5.7%	$1.3B
MSFTMicrosoft Corp	5.3%	3.8%	1,988,774	-6.3%	$1.0B
AMZNAmazon Com Inc	3.1%	2.9%	2,378,091	-5.4%	$592.5M
GOOGLAlphabet Inc	2.8%	2.8%	1,548,030	-5.5%	$532.6M
METAMeta Platforms Inc	2.5%	1.9%	659,159	-5.7%	$478.0M
AVGOBroadcom Inc	2.4%	2.5%	1,310,833	-5.0%	$460.4M
GOOGAlphabet Inc	2.2%	2.2%	1,257,325	-5.0%	$428.4M
MUMicron Technology Inc	1.6%	1.7%	288,774	-5.3%	$307.6M
LLYEli Lilly & Co	1.5%	1.6%	255,175	-7.0%	$295.3M
JNJJohnson & Johnson	1.5%	1.5%	1,105,140	-12.1%	$292.6M
VVisa Inc	1.4%	1.4%	764,625	-8.3%	$274.8M
AMDAdvanced Micro Devices Inc	1.3%	1.2%	416,532	-5.0%	$254.8M
JPMJpmorgan Chase & Co	1.1%	1.1%	642,919	-6.5%	$212.7M
CSCOCisco Sys Inc	1.0%	1.1%	1,862,177	-7.0%	$200.4M
BRK-BBerkshire Hathaway Inc Del	1.0%	1.0%	386,314	-6.4%	$192.4M
AMATApplied Matls Inc	0.9%	1.3%	358,226	-4.9%	$183.2M
MAMastercard Incorporated	0.9%	0.9%	326,721	-6.6%	$180.2M
LRCXLam Research Corp	0.9%	1.2%	536,303	-5.6%	$176.2M
WMTWalmart Inc	0.9%	0.9%	1,658,334	-5.0%	$172.3M
PGProcter & Gamble Co	0.8%	0.8%	1,106,530	-5.2%	$160.8M
MRKMerck & Co Inc	0.8%	0.8%	1,090,990	-12.9%	$158.5M
COSTCostco Wholesale Corporation	0.8%	0.8%	171,726	-3.0%	$156.3M
KOCoca Cola Co	0.8%	0.8%	1,790,667	-10.2%	$154.1M
ABBVAbbvie Inc	0.7%	0.7%	513,338	-5.5%	$134.3M
CATCaterpillar Inc	0.7%	0.9%	165,452	-5.5%	$134.1M
INTCIntel Corp	0.7%	0.7%	1,050,694	-5.5%	$126.3M
NFLXNetflix Inc.	0.6%	0.6%	1,717,885	-8.9%	$119.5M
APHAmphenol Corp	0.5%	0.6%	1,243,090	+85.1%	$104.8M
GEGe Aerospace	0.5%	0.7%	332,963	-8.6%	$104.0M
KLACKla Corp	0.5%	0.8%	530,099	-4.4%	$103.3M
PLTRPalantir Technologies Inc	0.5%	—	534,468	—	$100.0M
TXNTexas Instrs Inc	0.5%	0.5%	341,335	-3.5%	$95.6M
PANWPalo Alto Networks Inc	0.5%	0.4%	235,115	-11.8%	$93.4M
UNHUnitedhealth Group Inc	0.5%	0.5%	250,091	-3.0%	$91.8M
PEPPepsico Inc	0.5%	0.5%	698,342	-17.6%	$88.5M
LINLinde PLC	0.5%	0.5%	184,547	-8.5%	$87.6M
ANETArista Networks Inc	0.5%	—	429,885	—	$87.5M
BACBank of Amer Corp	0.5%	0.5%	1,598,178	-7.6%	$87.0M
VZVerizon Communications Inc	0.4%	0.4%	1,817,024	-4.8%	$83.3M
GILDGilead Sciences Inc	0.4%	0.4%	558,657	-16.5%	$83.3M
TAt&t Inc	0.4%	—	3,319,455	—	$81.0M
TJXTjx Cos Inc New	0.4%	0.4%	596,116	-3.5%	$78.9M
BKRBaker Hughes Company Cl A	0.4%	0.4%	1,334,307	-5.5%	$73.3M
VRTXVertex Pharmaceuticals Inc	0.4%	—	139,893	—	$73.1M
HDHome Depot Inc	0.4%	0.4%	253,899	-2.3%	$72.2M
CRWDCrowdstrike Hldgs Inc	0.4%	—	270,573	—	$71.6M
TSLATesla Inc	0.4%	0.7%	201,768	-40.2%	$71.6M
PGRProgressive Corp	0.4%	0.4%	344,374	-4.8%	$71.4M
AMGNAmgen Inc	0.4%	—	162,532	—	$68.5M

What Fjarde Ap-Fonden /fourth Swedish National Pension Fund bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +17.8% /yr; S&P 500 +20.1%
3 years: +23.6% /yr; S&P 500 +20.4%
5 years: +15.4% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$19.4B	516
Q2 2026	$20.9B	525
Q1 2026	$18.3B	538
Q4 2025	$11.9B	499
Q3 2025	$11.6B	463
Q2 2025	$10.8B	492
Q1 2025	$8.3B	522
Q4 2024	$9.9B	525
Q3 2024	$9.8B	525
Q1 2024	$9.0B	534
Q4 2023	$8.0B	551
Q3 2023	$7.5B	548

Questions about Fjarde Ap-Fonden /fourth Swedish National Pension Fund's portfolio

What stocks does Fjarde Ap-Fonden /fourth Swedish National Pension Fund own?

Fjarde Ap-Fonden /fourth Swedish National Pension Fund's latest 13F, for Q3 2026 and filed Oct 15, 2026, lists 516 positions worth $19.4B. The largest are Nvidia Corporation (NVDA) at 7.3%, Apple Inc (AAPL) at 6.7%, Microsoft Corp (MSFT) at 5.3%, Amazon Com Inc (AMZN) at 3.1% and Alphabet Inc (GOOGL) at 2.8%.

What did Fjarde Ap-Fonden /fourth Swedish National Pension Fund buy last quarter?

In Q3 2026, Fjarde Ap-Fonden /fourth Swedish National Pension Fund added Amphenol Corp (APH) (+85.1% shares), compared with its Q2 2026 filing.

What did Fjarde Ap-Fonden /fourth Swedish National Pension Fund sell last quarter?

In Q3 2026, Fjarde Ap-Fonden /fourth Swedish National Pension Fund cut from its top 50 Ishares Inc (IEMG), cut from its top 50 International Business Machs (IBM), cut from its top 50 Mcdonalds Corp (MCD), cut from its top 50 Western Digital Corp Com (WDC), cut from its top 50 Spotify Technology SA (SPOT), Tesla Inc (TSLA) (-40.2% shares), Pepsico Inc (PEP) (-17.6% shares) and Gilead Sciences Inc (GILD) (-16.5% shares), compared with its Q2 2026 filing.

How has Fjarde Ap-Fonden /fourth Swedish National Pension Fund's portfolio performed?

A portfolio copying Fjarde Ap-Fonden /fourth Swedish National Pension Fund's 20 largest 13F holdings each quarter, from the day each filing was public, returned +23.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +17.8% against +20.1%. Over 5 years: +15.4% a year against +11.6%.

When is Fjarde Ap-Fonden /fourth Swedish National Pension Fund's next 13F filing due?

13F filings are due 45 days after each quarter ends. Fjarde Ap-Fonden /fourth Swedish National Pension Fund's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.