Q2 2026 13F · SEC CIK 1540880

Fjarde Ap-Fonden /fourth Swedish National Pension Fund

Pension fundFiled 2026-07-29 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $20.9B
Reported positions: 525
Top holdings a year, 3 yrs: +23.6%
Average holding period: 9.6 yrs

Fjarde Ap-Fonden /fourth Swedish National Pension Fund is a pension fund that reported 525 positions worth $20.9B in its Q2 2026 13F, filed 2026-07-29. Its largest holdings were Nvidia Corporation Com (NVDA, 6.3%), Apple Inc (AAPL, 5.7%), Microsoft Corp (MSFT, 3.8%). 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 525 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 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	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation Com	6.3%	6.5%	6,560,099	-3.7%	$1.3B
AAPLApple Inc	5.7%	5.7%	4,147,208	+1.4%	$1.2B
MSFTMicrosoft Corp	3.8%	4.2%	2,123,559	+2.5%	$792.1M
AMZNAmazon Com Inc Com	2.9%	2.8%	2,514,375	+2.1%	$599.3M
GOOGLAlphabet Inc	2.8%	2.6%	1,637,434	-0.7%	$585.2M
AVGOBroadcom Inc	2.5%	1.9%	1,379,883	+20.9%	$521.3M
GOOGAlphabet Inc	2.2%	2.2%	1,324,032	-7.4%	$467.8M
METAMeta Platforms Inc Class A	1.9%	2.2%	699,247	+0.5%	$393.9M
MUMicron Technology Inc	1.7%	0.5%	305,087	+4.9%	$352.2M
IEMGIshares	1.6%	2.6%	4,165,043	-39.4%	$345.0M
LLYLilly Eli & Co	1.6%	1.7%	274,422	-20.4%	$329.1M
JNJJohnson & Johnson	1.5%	1.6%	1,256,669	+3.3%	$319.2M
VVisa Inc Com Cl A	1.4%	1.4%	833,530	-3.8%	$286.0M
AMATApplied Matls Inc	1.3%	0.6%	376,698	+13.2%	$272.4M
AMDAdvanced Micro Devices Inc	1.2%	0.5%	438,633	+6.4%	$254.8M
LRCXLam Research Corp	1.2%	0.7%	568,010	-2.6%	$246.1M
CSCOCisco Sys Inc	1.1%	0.9%	2,002,917	-8.5%	$235.3M
JPMJpmorgan Chase & Co	1.1%	1.1%	687,767	-0.6%	$225.1M
BRK-BBerkshire Hathaway Inc Del	1.0%	1.1%	412,534	-0.6%	$206.4M
WMTWalmart Inc	0.9%	1.2%	1,746,421	-0.9%	$197.8M
CATCaterpillar Inc Com	0.9%	0.7%	175,084	-6.7%	$186.4M
MAMastercard Inc.	0.9%	1.0%	349,732	-5.2%	$179.6M
PGProcter & Gamble Co Com	0.8%	0.9%	1,167,628	-1.5%	$171.2M
KLACKla Corp	0.8%	0.5%	554,290	+882.7%	$167.2M
COSTCostco Whsl Corp New	0.8%	1.0%	176,966	-3.0%	$165.5M
KOCoca Cola Co	0.8%	0.9%	1,993,456	-3.2%	$162.0M
MRKMerck & Co. Inc	0.8%	0.8%	1,252,379	+5.9%	$160.9M
INTCIntel Corp	0.7%	—	1,111,634	—	$155.2M
TSLATesla Inc Com	0.7%	0.5%	337,648	+27.2%	$142.0M
ABBVAbbvie Inc	0.7%	0.6%	543,225	+1.9%	$136.7M
GEGe Aerospace	0.7%	0.4%	364,204	+39.5%	$136.1M
NFLXNetflix Inc Total	0.6%	1.0%	1,885,865	+2.3%	$134.7M
APHAmphenol Corp	0.6%	0.5%	671,539	+1.1%	$118.4M
PEPPepsico Inc	0.5%	0.7%	847,234	+9.7%	$114.7M
UNHUnitedhealth Group Inc Com	0.5%	0.6%	257,828	-31.2%	$107.2M
TXNTexas Instruments Inc	0.5%	0.4%	353,731	-0.2%	$105.4M
LINLinde PLC	0.5%	0.5%	201,607	+2.8%	$104.6M
BACBank of Amer Corp	0.5%	0.5%	1,730,530	-1.7%	$98.6M
IBMInternational Business Machs	0.5%	0.4%	342,321	+4.6%	$96.3M
TJXTjx Cos Inc New Com	0.4%	0.5%	617,918	+4.5%	$93.6M
HDHome Depot Inc Com	0.4%	0.5%	259,760	+0.0%	$91.6M
PANWPalo Alto Networks Inc	0.4%	—	266,698	—	$90.9M
MCDMcdonalds Corp Com	0.4%	0.5%	320,160	+6.1%	$86.5M
WDCWestern Digital Corp	0.4%	—	133,316	—	$85.2M
SPOTSpotify Technology S A	0.4%	0.5%	185,000	+0.0%	$84.9M
GILDGilead Sciences	0.4%	—	668,663	—	$84.5M
GEVGe Vernova Inc	0.4%	—	70,733	—	$83.1M
VZVerizon Communications Inc Com	0.4%	0.5%	1,908,488	+4.4%	$80.8M
PGRProgressive Corp.	0.4%	0.4%	361,870	-2.6%	$79.1M
BKRBaker Hughes Company Cl A	0.4%	0.4%	1,412,480	+21.8%	$78.4M

What Fjarde Ap-Fonden /fourth Swedish National Pension Fund bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 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 and rebuilt each quarter on the day the filing became public. 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
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
Q2 2023	$8.2B	540

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 Q2 2026 and filed Jul 29, 2026, lists 525 positions worth $20.9B. The largest are Nvidia Corporation Com (NVDA) at 6.3%, Apple Inc (AAPL) at 5.7%, Microsoft Corp (MSFT) at 3.8%, Amazon Com Inc Com (AMZN) at 2.9% and Alphabet Inc (GOOGL) at 2.8%.

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

In Q2 2026, Fjarde Ap-Fonden /fourth Swedish National Pension Fund added Kla Corp (KLAC) (+882.7% shares), Ge Aerospace (GE) (+39.5% shares) and Tesla Inc Com (TSLA) (+27.2% shares), compared with its Q1 2026 filing.

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

In Q2 2026, Fjarde Ap-Fonden /fourth Swedish National Pension Fund cut from its top 50 At&t Inc Com (T), cut from its top 50 Abbott Laboratories (ABT), cut from its top 50 Palantir Technologies Inclass Class A (PLTR), cut from its top 50 Cme Group Inc (CME), cut from its top 50 Chubb Limited Com (CB), Ishares (IEMG) (-39.4% shares), Unitedhealth Group Inc Com (UNH) (-31.2% shares) and Lilly Eli & Co (LLY) (-20.4% shares), compared with its Q1 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 Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.