SEC 13F Intelligence

Managers / Q1 2025 · view latest →

FORSTA AP-FONDEN

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

Reported Value
$13.2B
Q1 2025
Positions
562
Filings on Record
31
2019–present window
Filed
May 12, 2025
original filing

Summary

Forsta Ap-Fonden reported $13.2B in U.S.-listed holdings across 562 positions for Q1 2025.

Its largest position, AAPL, represents 6.6% of the portfolio.

Compared with Q4 2024, the fund opened 13 new positions and exited 17.

Portfolio Metrics

Turnover
+5.9%
vs prior filed quarter
Top-10 Concentration
+37.3%
share of reported value
Largest Position
+6.6%
Apple
New / Exited
13 / 17
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: 97.7%REIT: 2.2%Other: 0.0%Tracking Stk: 0.0%
  • Common Stock · 97.7% · $12.9B
  • REIT · 2.2% · $297M
  • Other · 0.0% · $4M
  • Tracking Stk · 0.0% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IBKRInteractive Brokers Group IncNEW+48.6K48.6K+$8M$8M
CLSCelestica IncNEW+59.3K59.3K+$5M$5M
NTRANatera IncNEW+25.7K25.7K+$4M$4M
HHyatt Hotels CorpNEW+18.7K18.7K+$2M$2M
RIVNRivian Automotive IncNEW+162.8K162.8K+$2M$2M
GFLGFL Environmental IncNEW+39.3K39.3K+$2M$2M
SEICSEI Investments CoNEW+23.9K23.9K+$2M$2M
ROKURoku IncNEW+26.1K26.1K+$2M$2M

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

Holdings — Q1 2025

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Inchistory →COM6.62%$875M3.94M
2SPOTSpotify Technology SAhistory →SHS6.50%$858M1.56M
3NVDANVIDIA Corphistory →COM5.28%$697M6.43M
4MSFTMicrosoft Corphistory →COM5.26%$695M1.85M
5AMZNAmazon.com Inchistory →COM3.56%$470M2.47M
6GOOGLAlphabet IncCAP STK CL A · CAP STK CL C3.35%$442M2.84M
7METAMeta Platforms Inchistory →CL A2.51%$331M574.5K
8AVGOBroadcom Inchistory →COM1.45%$191M1.14M
9TSLATesla Inchistory →COM1.42%$188M725.2K
10BRK/BBerkshire Hathaway Inchistory →CL B NEW1.37%$181M339.6K
11LLYEli Lilly & Cohistory →COM1.35%$179M216.3K
12JPMJPMorgan Chase & Cohistory →COM1.33%$176M717.6K
13VVisa Inchistory →COM CL A1.23%$163M465.1K
14MAMastercard Inchistory →CL A0.93%$122M223.2K
15UNHUnitedHealth Group Inchistory →COM0.92%$121M231.7K
16COSTCostco Wholesale Corphistory →COM0.87%$115M121.4K
17NFLXNetflix Inchistory →COM0.82%$109M116.5K
18JNJJohnson & Johnsonhistory →COM0.79%$104M627.8K
19PGProcter & Gamble Co/Thehistory →COM0.78%$103M604.9K
20WMTWalmart Inchistory →COM0.76%$100M1.14M
21HDHome Depot Inc/Thehistory →COM0.74%$98M267.0K
22ABBVAbbVie Inchistory →COM0.70%$92M441.3K
23KOCoca-Cola Co/Thehistory →COM0.57%$75M1.04M
24CRMSalesforce Inchistory →COM0.54%$71M265.0K
25BACBank of America Corphistory →COM0.52%$69M1.65M
26ABTAbbott Laboratorieshistory →COM0.49%$64M483.7K
27MRKMerck & Co Inchistory →COM0.48%$64M710.3K
28General Electric CoCOM NEW0.46%$61M305.4K
29CSCOCisco Systems Inchistory →COM0.45%$59M963.6K
30ORCLOracle Corphistory →COM0.44%$57M411.1K
31WFCWells Fargo & Cohistory →COM0.43%$57M788.0K
32IBMIBMhistory →COM0.42%$56M225.6K
33PEPPepsiCo Inchistory →COM0.42%$56M373.1K
34MCDMcDonald's Corphistory →COM0.42%$56M177.8K
35LINLinde PLChistory →SHS0.41%$55M117.6K
36VZVerizon Communications Inchistory →COM0.39%$51M1.13M
37TAT&T Inchistory →COM0.39%$51M1.81M
38ACNAccenture PLChistory →SHS CLASS A0.38%$50M159.7K
39INTUIntuit Inchistory →COM0.38%$50M81.1K
40DISWalt Disney Co/Thehistory →COM0.36%$48M485.1K
41PGRProgressive Corp/Thehistory →COM0.36%$48M169.0K
42QCOMQUALCOMM Inchistory →COM0.36%$48M309.4K
43SPGIS&P Global Inchistory →COM0.36%$47M92.8K
44NOWServiceNow Inchistory →COM0.36%$47M59.2K
45PLTRPalantir Technologies Inchistory →CL A0.35%$46M550.9K
46ADBEAdobe Inchistory →COM0.35%$46M120.6K
47CATCaterpillar Inchistory →COM0.35%$46M139.9K
48TMOThermo Fisher Scientific Inchistory →COM0.34%$45M89.9K
49AXPAmerican Express Cohistory →COM0.33%$44M163.7K
50GSGoldman Sachs Group Inc/Thehistory →COM0.33%$43M79.2K
51ISRGIntuitive Surgical Inchistory →COM NEW0.32%$42M85.4K
52UBERUber Technologies Inchistory →COM0.31%$41M559.1K
53BSXBoston Scientific Corphistory →COM0.31%$41M401.5K
54TJXTJX Cos Inc/Thehistory →COM0.31%$40M331.4K
55BKNGBooking Holdings Inchistory →COM0.30%$40M8.7K
56TMUST-Mobile US Inchistory →COM0.30%$40M150.1K
57RYRoyal Bank of Canadahistory →COM0.30%$40M352.7K
58TXNTexas Instruments Inchistory →COM0.30%$39M219.4K
59AMGNAmgen Inchistory →COM0.30%$39M126.1K
60LOWLowe's Cos Inchistory →COM0.30%$39M167.7K
61AMDAdvanced Micro Devices Inchistory →COM0.30%$39M380.6K
62ADPAutomatic Data Processing Inchistory →COM0.29%$38M125.3K
63GILDGilead Sciences Inchistory →COM0.29%$38M336.9K
64CMCSAComcast Corphistory →CL A0.28%$37M999.3K
65PFEPfizer Inchistory →COM0.28%$37M1.45M
66BLKBlackrock Inchistory →COM0.28%$37M38.7K
67MRSHMarsh & McLennan Cos Inchistory →COM0.27%$36M147.6K
68NEENextEra Energy Inchistory →COM0.27%$36M507.4K
69AMATApplied Materials Inchistory →COM0.27%$36M245.1K
70SHOPShopify Inchistory →CL A0.26%$34M358.9K
71PANWPalo Alto Networks Inchistory →COM0.26%$34M197.7K
72SYKStryker Corphistory →COM0.25%$34M90.2K
73MSMorgan Stanleyhistory →COM NEW0.25%$33M282.0K
74UNPUnion Pacific Corphistory →COM0.25%$32M137.0K
75FISVFiserv Inchistory →COM0.24%$32M145.9K
76AMTAmerican Tower Corphistory →COM0.24%$31M144.1K
77ELVElevance Health Inchistory →COM0.24%$31M71.5K
78SCHWCharles Schwab Corp/Thehistory →COM0.23%$31M389.7K
79CCitigroup Inchistory →COM NEW0.23%$30M427.4K
80DHRDanaher Corphistory →COM0.23%$30M147.9K
81DUKDuke Energy Corphistory →COM NEW0.23%$30M246.3K
82WELLWelltower Inchistory →COM0.22%$29M190.6K
83LRCXLam Research Corphistory →COM NEW0.22%$29M398.8K
84CICigna Group/Thehistory →COM0.22%$29M87.2K
85VRTXVertex Pharmaceuticals Inchistory →COM0.21%$28M58.2K
86BMYBristol-Myers Squibb Cohistory →COM0.21%$28M461.6K
87BXBlackstone Inchistory →COM0.21%$28M198.7K
88MDTMedtronic PLChistory →SHS0.21%$27M303.7K
89DEDeere & Cohistory →COM0.21%$27M58.1K
90MCKMcKesson Corphistory →COM0.21%$27M40.2K
91ETNEaton Corp PLChistory →SHS0.20%$27M99.4K
92SHWSherwin-Williams Co/Thehistory →COM0.20%$27M75.9K
93PLDPrologis Inchistory →COM0.20%$26M230.8K
94MMM3M Cohistory →COM0.19%$25M172.8K
95TTTrane Technologies PLChistory →SHS0.19%$25M74.7K
96MCOMoody's Corphistory →COM0.19%$25M53.3K
97SBUXStarbucks Corphistory →COM0.19%$25M253.0K
98ZTSZoetis Inchistory →CL A0.19%$24M148.8K
99CBChubb Ltdhistory →COM0.18%$24M80.6K
100SOSouthern Co/Thehistory →COM0.18%$24M261.7K

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 ↗.