SEC 13F Intelligence

Managers / Q1 2023 · view latest →

FORSTA AP-FONDEN

CIK 0001603328 · REGERINGSGATAN 67, STOCKHOLM, V7, 11156 · 0046856620200

Reported Value
$8.5B
Q1 2023
Positions
528
Filings on Record
31
2019–present window
Filed
Apr 21, 2023
original filing

Summary

Forsta Ap-Fonden reported $8.5B in U.S.-listed holdings across 528 positions for Q1 2023.

Its largest position, AAPL, represents 7.7% of the portfolio.

Compared with Q4 2022, the fund opened 33 new positions and exited 37.

Portfolio Metrics

Turnover
+8.8%
vs prior filed quarter
Top-10 Concentration
+28.3%
share of reported value
Largest Position
+7.7%
Apple
New / Exited
33 / 37
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $2.3BQ1 ’19Q2 ’19: $2.2BQ3 ’19: $2.4BQ4 ’19: $2.0BQ1 ’20: $2.8BQ1 ’20Q2 ’20: $3.8BQ3 ’20: $4.8BQ4 ’20: $6.6BQ1 ’21: $7.1BQ1 ’21Q2 ’21: $8.5BQ3 ’21: $8.8BQ4 ’21: $9.9BQ1 ’22: $8.8BQ1 ’22Q2 ’22: $7.7BQ3 ’22: $8.2BQ4 ’22: $8.9BQ1 ’23: $8.5BQ1 ’23Q2 ’23: $9.3BQ3 ’23: $9.0BQ4 ’23: $9.9BQ1 ’24: $11.8BQ1 ’24Q2 ’24: $11.3BQ3 ’24: $13.0BQ4 ’24: $14.1BQ1 ’25: $13.2BQ1 ’25Q2 ’25: $15.2BQ3 ’25: $16.9BQ4 ’25: $16.8BQ1 ’26: $0Q1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 96.3%REIT: 2.8%Other: 0.7%ADR: 0.2%Tracking Stk: 0.0%
  • Common Stock · 96.3% · $8.2B
  • REIT · 2.8% · $236M
  • Other · 0.7% · $60M
  • ADR · 0.2% · $16M
  • Tracking Stk · 0.0% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LINLinde PLCNEW+112.1K112.1K+$40M$40M
AXONAxon Enterprise IncNEW+42.3K42.3K+$10M$10M
LIILennox International IncNEW+30.8K30.8K+$8M$8M
BAMBrookfield Asset Management LtNEW+191.3K191.3K+$6M$6M
ZZillow Group IncNEW+138.7K138.7K+$6M$6M
RSReliance Steel & Aluminum CoNEW+23.9K23.9K+$6M$6M
GEHCGE HealthCare Technologies IncNEW+67.9K67.9K+$6M$6M
TOSTToast IncNEW+312.4K312.4K+$6M$6M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

498 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Inchistory →COM7.74%$659M4.00M
2MSFTMicrosoft Corphistory →COM6.04%$514M1.78M
3GOOGLAlphabet IncCAP STK CL A · CAP STK CL C3.36%$286M2.75M
4AMZNAmazon.com Inchistory →COM2.69%$229M2.22M
5NVDANVIDIA Corphistory →COM1.92%$164M588.7K
6TSLATesla Inchistory →COM1.57%$133M642.6K
7UNHUnitedHealth Group Inchistory →COM1.35%$115M242.3K
8METAMeta Platforms Inchistory →CL A1.32%$112M529.6K
9JNJJohnson & Johnsonhistory →COM1.18%$101M648.7K
10VVisa Inchistory →COM CL A1.14%$97M431.0K
11BRK/BBerkshire Hathaway Inchistory →CL B NEW1.10%$93M302.1K
12PGProcter & Gamble Co/Thehistory →COM1.06%$90M606.8K
13JPMJPMorgan Chase & Cohistory →COM1.05%$89M682.6K
14MAMastercard Inchistory →CL A0.97%$83M228.1K
15HDHome Depot Inc/Thehistory →COM0.93%$79M269.1K
16ABBVAbbVie Inchistory →COM0.87%$74M463.5K
17MRKMerck & Co Inchistory →COM0.85%$72M681.3K
18AVGOBroadcom Inchistory →COM0.84%$72M111.5K
19KOCoca-Cola Co/Thehistory →COM0.84%$71M1.15M
20LLYEli Lilly & Cohistory →COM0.80%$68M198.5K
21PEPPepsiCo Inchistory →COM0.80%$68M373.6K
22PFEPfizer Inchistory →COM0.73%$62M1.52M
23CSCOCisco Systems Inchistory →COM0.60%$51M975.6K
24TMOThermo Fisher Scientific Inchistory →COM0.60%$51M88.2K
25COSTCostco Wholesale Corphistory →COM0.58%$49M99.4K
26TXNTexas Instruments Inchistory →COM0.58%$49M264.1K
27ACNAccenture PLChistory →SHS CLASS A0.58%$49M171.6K
28VZVerizon Communications Inchistory →COM0.57%$48M1.24M
29DHRDanaher Corphistory →COM0.57%$48M191.9K
30BACBank of America Corphistory →COM0.57%$48M1.69M
31ABTAbbott Laboratorieshistory →COM0.56%$48M473.8K
32ADBEAdobe Inchistory →COM0.53%$46M118.1K
33MCDMcDonald's Corphistory →COM0.53%$45M162.2K
34CRMSalesforce Inchistory →COM0.52%$44M221.0K
35BMYBristol-Myers Squibb Cohistory →COM0.49%$42M603.0K
36DISWalt Disney Co/Thehistory →COM0.49%$41M414.4K
37UPSUnited Parcel Service Inchistory →CL B0.48%$41M211.3K
38TAT&T Inchistory →COM0.48%$41M2.11M
39LINLinde PLChistory →SHS0.47%$40M112.1K
40CMCSAComcast Corphistory →CL A0.44%$38M995.7K
41RYRoyal Bank of Canadahistory →COM0.44%$38M393.9K
42IBMIBMhistory →COM0.43%$37M281.5K
43LOWLowe's Cos Inchistory →COM0.41%$35M176.2K
44NKENIKE Inchistory →CL B0.40%$34M275.5K
45NFLXNetflix Inchistory →COM0.39%$34M97.1K
46AMDAdvanced Micro Devices Inchistory →COM0.39%$33M341.4K
47AMGNAmgen Inchistory →COM0.39%$33M138.2K
48NEENextEra Energy Inchistory →COM0.39%$33M433.0K
49AMATApplied Materials Inchistory →COM0.38%$32M264.1K
50CATCaterpillar Inchistory →COM0.38%$32M141.3K
51ELVElevance Health Inchistory →COM0.38%$32M69.8K
52BKNGBooking Holdings Inchistory →COM0.37%$32M11.9K
53AXPAmerican Express Cohistory →COM0.37%$31M188.4K
54ORCLOracle Corphistory →COM0.36%$31M330.0K
55QCOMQUALCOMM Inchistory →COM0.36%$30M238.6K
56WFCWells Fargo & Cohistory →COM0.35%$30M804.8K
57UNPUnion Pacific Corphistory →COM0.35%$30M149.2K
58ADPAutomatic Data Processing Inchistory →COM0.34%$29M130.4K
59CVSCVS Health Corphistory →COM0.34%$29M385.2K
60GILDGilead Sciences Inchistory →COM0.33%$28M336.7K
61SBUXStarbucks Corphistory →COM0.33%$28M267.7K
62TJXTJX Cos Inc/Thehistory →COM0.32%$27M349.7K
63INTCIntel Corphistory →COM0.32%$27M838.3K
64BlackRock IncCOM0.30%$26M38.7K
65MRSHMarsh & McLennan Cos Inchistory →COM0.30%$25M152.8K
66DEDeere & Cohistory →COM0.28%$24M58.6K
67INTUIntuit Inchistory →COM0.28%$24M54.2K
68MDTMedtronic PLChistory →SHS0.28%$24M298.7K
69CICigna Group/Thehistory →COM0.28%$24M92.8K
70MSMorgan Stanleyhistory →COM NEW0.28%$24M268.5K
71ITWIllinois Tool Works Inchistory →COM0.28%$23M96.2K
72PLDPrologis Inchistory →COM0.27%$23M187.4K
73TDToronto-Dominion Bank/Thehistory →COM NEW0.27%$23M390.9K
74SPGIS&P Global Inchistory →COM0.27%$23M67.3K
75DUKDuke Energy Corphistory →COM NEW0.27%$23M238.1K
76GSGoldman Sachs Group Inc/Thehistory →COM0.27%$23M69.7K
77ADIAnalog Devices Inchistory →COM0.26%$22M111.8K
78VRTXVertex Pharmaceuticals Inchistory →COM0.26%$22M69.7K
79BMOBank of Montrealhistory →COM0.25%$21M241.0K
80General Electric CoCOM NEW0.25%$21M222.9K
81MMM3M Cohistory →COM0.25%$21M201.9K
82PGRProgressive Corp/Thehistory →COM0.25%$21M146.4K
83SNPSSynopsys Inchistory →COM0.24%$21M53.4K
84ZTSZoetis Inchistory →CL A0.24%$20M120.2K
85SOSouthern Co/Thehistory →COM0.23%$20M284.2K
86ETNEaton Corp PLChistory →SHS0.23%$20M114.8K
87AMTAmerican Tower Corphistory →COM0.23%$20M95.9K
88HCAHCA Healthcare Inchistory →COM0.22%$19M72.2K
89CCICrown Castle Inchistory →COM0.22%$19M140.7K
90SYKStryker Corphistory →COM0.22%$19M65.9K
91NOWServiceNow Inchistory →COM0.22%$19M40.3K
92CCitigroup Inchistory →COM NEW0.22%$18M390.9K
93KMBKimberly-Clark Corphistory →COM0.21%$18M135.9K
94GISGeneral Mills Inchistory →COM0.21%$18M211.4K
95ADSKAutodesk Inchistory →COM0.21%$18M86.0K
96PSAPublic Storagehistory →COM0.21%$18M59.0K
97TMUST-Mobile US Inchistory →COM0.20%$17M119.9K
98EQIXEquinix Inchistory →COM0.20%$17M23.9K
99ISRGIntuitive Surgical Inchistory →COM NEW0.20%$17M67.4K
100ECLEcolab Inchistory →COM0.20%$17M103.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$01May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$16.8B551Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$16.9B550Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$15.2B557Aug 8, 202513F-HRchanges · EDGAR ↗
Q1 2025$13.2B562May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$14.1B566Jan 23, 202513F-HRchanges · EDGAR ↗
Q3 2024$13.0B559Oct 24, 202413F-HRchanges · EDGAR ↗
Q2 2024$11.3B573Aug 8, 202413F-HRchanges · EDGAR ↗
Q1 2024$11.8B575May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$9.9B572Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023$9.0B552Oct 25, 202313F-HRchanges · EDGAR ↗
Q2 2023$9.3B545Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$8.5B528Apr 21, 202313F-HRchanges · EDGAR ↗
Q4 2022$8.9B532Feb 2, 202313F-HRchanges · EDGAR ↗
Q3 2022$8.2B590Oct 17, 202213F-HRchanges · EDGAR ↗
Q2 2022$7.7B602Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$8.8B576May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$9.9B569Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$8.8B557Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$8.5B547Aug 12, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$7.1B536May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$6.6B524Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.8B527Feb 19, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2020$3.8B526Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$2.8B491May 4, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.0B257Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.4B339Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.2B302Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.3B304May 8, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.