SEC 13F Intelligence

Managers / Q2 2025 · view latest →

FORSTA AP-FONDEN

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

Reported Value
$15.2B
Q2 2025
Positions
557
Filings on Record
32
2019–present window
Filed
Aug 8, 2025
original filing

Summary

Forsta Ap-Fonden reported $15.2B in U.S.-listed holdings across 557 positions for Q2 2025.

Its largest position, SPOT, represents 7.8% of the portfolio.

Compared with Q1 2025, the fund opened 17 new positions and exited 22.

Portfolio Metrics

Turnover
+3.7%
vs prior filed quarter
Top-10 Concentration
+40.9%
share of reported value
Largest Position
+7.8%
Spotify Technology
New / Exited
17 / 22
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
Q4 ’18: $2.1BQ4 ’18Q1 ’19: $2.3BQ2 ’19: $2.2BQ3 ’19: $2.4BQ4 ’19: $2.0BQ4 ’19Q1 ’20: $2.8BQ2 ’20: $3.8BQ3 ’20: $4.8BQ4 ’20: $6.6BQ4 ’20Q1 ’21: $7.1BQ2 ’21: $8.5BQ3 ’21: $8.8BQ4 ’21: $9.9BQ4 ’21Q1 ’22: $8.8BQ2 ’22: $7.7BQ3 ’22: $8.2BQ4 ’22: $8.9BQ4 ’22Q1 ’23: $8.5BQ2 ’23: $9.3BQ3 ’23: $9.0BQ4 ’23: $9.9BQ4 ’23Q1 ’24: $11.8BQ2 ’24: $11.3BQ3 ’24: $13.0BQ4 ’24: $14.1BQ4 ’24Q1 ’25: $13.2BQ2 ’25: $15.2BQ3 ’25: $16.9BQ4 ’25: $16.8BQ4 ’25Q1 ’26: $0filingsflow.com

Portfolio Composition

By security type
Common Stock: 98.0%REIT: 2.0%Other: 0.0%Tracking Stk: 0.0%
  • Common Stock · 98.0% · $14.9B
  • REIT · 2.0% · $299M
  • Other · 0.0% · $5M
  • Tracking Stk · 0.0% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BBarrick Mining CorpNEW+338.9K338.9K+$7M$7M
CAECAE IncNEW+195.6K195.6K+$6M$6M
PAASPan American Silver CorpNEW+156.7K156.7K+$4M$4M
NRGNRG Energy IncNEW+23.9K23.9K+$4M$4M
AGIAlamos Gold IncNEW+94.1K94.1K+$2M$2M
CRBGCorebridge Financial IncNEW+50.2K50.2K+$2M$2M
ERIEErie Indemnity CoNEW+5.0K5.0K+$2M$2M
AMHAmerican Homes 4 RentNEW+47.4K47.4K+$2M$2M

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

Holdings — Q2 2025

498 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPOTSpotify Technology SAhistory →SHS7.75%$1.2B1.54M
2NVDANVIDIA Corphistory →COM6.84%$1.0B6.58M
3MSFTMicrosoft Corphistory →COM6.10%$927M1.86M
4AAPLApple Inchistory →COM5.40%$821M4.00M
5AMZNAmazon.com Inchistory →COM3.66%$556M2.53M
6GOOGLAlphabet IncCAP STK CL A · CAP STK CL C3.39%$516M2.92M
7METAMeta Platforms Inchistory →CL A2.83%$430M582.8K
8AVGOBroadcom Inchistory →COM2.08%$317M1.15M
9TSLATesla Inchistory →COM1.50%$229M720.7K
10JPMJPMorgan Chase & Cohistory →COM1.35%$205M708.2K
11LLYEli Lilly & Cohistory →COM1.14%$174M223.1K
12VVisa Inchistory →COM CL A1.14%$173M488.3K
13NFLXNetflix Inchistory →COM1.08%$164M122.2K
14BRK/BBerkshire Hathaway Inchistory →CL B NEW1.07%$163M335.7K
15MAMastercard Inchistory →CL A0.87%$132M235.4K
16COSTCostco Wholesale Corphistory →COM0.80%$121M122.6K
17WMTWalmart Inchistory →COM0.75%$114M1.16M
18PGProcter & Gamble Co/Thehistory →COM0.67%$101M635.9K
19JNJJohnson & Johnsonhistory →COM0.64%$98M640.2K
20HDHome Depot Inc/Thehistory →COM0.64%$97M265.9K
21ORCLOracle Corphistory →COM0.60%$92M419.5K
22BACBank of America Corphistory →COM0.52%$80M1.68M
23ABBVAbbVie Inchistory →COM0.52%$80M428.8K
24CRMSalesforce Inchistory →COM0.51%$78M285.5K
25PLTRPalantir Technologies Inchistory →CL A0.51%$78M569.1K
26General Electric CoCOM NEW0.50%$76M294.1K
27KOCoca-Cola Co/Thehistory →COM0.48%$74M1.04M
28ABTAbbott Laboratorieshistory →COM0.46%$70M516.2K
29IBMIBMhistory →COM0.44%$67M228.1K
30UNHUnitedHealth Group Inchistory →COM0.43%$66M211.7K
31INTUIntuit Inchistory →COM0.42%$65M82.0K
32CSCOCisco Systems Inchistory →COM0.42%$63M913.1K
33MRKMerck & Co Inchistory →COM0.41%$63M793.3K
34GSGoldman Sachs Group Inc/Thehistory →COM0.40%$61M86.8K
35NOWServiceNow Inchistory →COM0.40%$61M59.3K
36DISWalt Disney Co/Thehistory →COM0.39%$60M483.4K
37BKNGBooking Holdings Inchistory →COM0.39%$60M10.3K
38WFCWells Fargo & Cohistory →COM0.39%$59M734.6K
39VZVerizon Communications Inchistory →COM0.38%$57M1.32M
40MCDMcDonald's Corphistory →COM0.35%$54M183.4K
41LINLinde PLChistory →SHS0.35%$53M113.9K
42CATCaterpillar Inchistory →COM0.35%$53M136.8K
43ACNAccenture PLChistory →SHS CLASS A0.34%$52M175.4K
44TAT&T Inchistory →COM0.34%$52M1.81M
45SPGIS&P Global Inchistory →COM0.34%$52M98.8K
46AXPAmerican Express Cohistory →COM0.34%$51M161.2K
47PGRProgressive Corp/Thehistory →COM0.34%$51M192.6K
48UBERUber Technologies Inchistory →COM0.33%$50M537.1K
49QCOMQUALCOMM Inchistory →COM0.33%$50M313.9K
50AMDAdvanced Micro Devices Inchistory →COM0.33%$50M349.2K
51PEPPepsiCo Inchistory →COM0.32%$49M373.4K
52AMATApplied Materials Inchistory →COM0.32%$48M264.1K
53GEVGE Vernova Inchistory →COM0.31%$48M89.9K
54ISRGIntuitive Surgical Inchistory →COM NEW0.31%$48M87.5K
55PANWPalo Alto Networks Inchistory →COM0.31%$47M231.3K
56ADBEAdobe Inchistory →COM0.31%$47M120.7K
57RYRoyal Bank of Canadahistory →COM0.29%$45M339.5K
58TJXTJX Cos Inc/Thehistory →COM0.28%$43M347.9K
59TXNTexas Instruments Inchistory →COM0.27%$41M195.9K
60SCHWCharles Schwab Corp/Thehistory →COM0.27%$41M445.4K
61ADPAutomatic Data Processing Inchistory →COM0.27%$41M131.7K
62LRCXLam Research Corphistory →COM NEW0.26%$39M401.3K
63LOWLowe's Cos Inchistory →COM0.25%$39M174.7K
64BSXBoston Scientific Corphistory →COM0.25%$38M354.9K
65ETNEaton Corp PLChistory →SHS0.24%$37M103.4K
66SHOPShopify Inchistory →CL A SUB VTG SHS0.24%$37M319.7K
67TTTrane Technologies PLChistory →SHS0.24%$37M84.1K
68CCitigroup Inchistory →COM NEW0.24%$37M429.7K
69MSMorgan Stanleyhistory →COM NEW0.24%$37M259.5K
70TMUST-Mobile US Inchistory →COM0.24%$36M151.4K
71SYKStryker Corphistory →COM0.24%$36M91.2K
72CMCSAComcast Corphistory →CL A0.23%$36M996.2K
73BLKBlackrock Inchistory →COM0.22%$34M32.3K
74CEGConstellation Energy Corphistory →COM0.22%$33M103.1K
75MELIMercadoLibre Inchistory →COM0.22%$33M12.7K
76GILDGilead Sciences Inchistory →COM0.22%$33M296.3K
77MRSHMarsh & McLennan Cos Inchistory →COM0.22%$33M149.7K
78HWMHowmet Aerospace Inchistory →COM0.21%$33M174.9K
79MCOMoody's Corphistory →COM0.21%$32M64.2K
80TMOThermo Fisher Scientific Inchistory →COM0.21%$32M79.4K
81ANETArista Networks Inchistory →COM SHS0.21%$32M313.3K
82MMM3M Cohistory →COM0.21%$32M209.8K
83ICEIntercontinental Exchange Inchistory →COM0.21%$32M174.0K
84UNPUnion Pacific Corphistory →COM0.21%$32M138.7K
85MCKMcKesson Corphistory →COM0.21%$31M42.8K
86PFEPfizer Inchistory →COM0.20%$31M1.28M
87AMTAmerican Tower Corphistory →COM0.20%$31M139.0K
88NEENextEra Energy Inchistory →COM0.20%$31M442.3K
89BXBlackstone Inchistory →COM0.20%$31M205.1K
90WELLWelltower Inchistory →COM0.20%$31M199.3K
91APPAppLovin Corphistory →COM CL A0.20%$31M87.4K
92AMGNAmgen Inchistory →COM0.20%$31M109.4K
93ELVElevance Health Inchistory →COM0.20%$30M78.1K
94APHAmphenol Corphistory →CL A0.19%$29M298.7K
95ECLEcolab Inchistory →COM0.19%$29M107.0K
96ZTSZoetis Inchistory →CL A0.19%$29M183.1K
97CLColgate-Palmolive Cohistory →COM0.19%$28M311.7K
98EQIXEquinix Inchistory →COM0.19%$28M35.6K
99SHWSherwin-Williams Co/Thehistory →COM0.18%$28M81.6K
100MUMicron Technology Inchistory →COM0.18%$28M225.7K

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 ↗
Q4 2018$2.1B318Feb 11, 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 ↗.