AP3’s portfolio
AP3’s core mission is to create value in the Swedish pension system. By assuming responsibility and influencing the companies that we invest in, we make sure to generate the best possible returns for current and future pensioners.
Our asset classes and securities holdings
Market value per asset category
Listed equities
Fixed income investments and currencies
Alternative investments
Asset class Alternative investments consists of:
Real estate
Infrastructure
Private equity funds
Timberland
Asset exposure in percentage as of June 30 2025.
Exposure in percentage as per 30 June 2025
Grouped byListed equities, 52%
Grouped byFixed income investments, 23%
Grouped byAlternative investments, 27%
Return and contribution per asset class
AP3’s portfolio by asset class, return and contribution. (Currencies include currency hedges and exchange rate effects. Only the contribution to total portfolio return is shown for currencies and other strategies.)
As of June 30, 2025.
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Our investments are governed by the rules of the National Pension Insurance Funds (AP Funds) Act, partly in regard to how large a percentage of the capital may be invested in each type of asset.
AP3’s corporate governance policy is based on the National Pension Insurance Funds Act (2000:192) which prescribes, among other things, that the Fund’s mandate is to generate high returns at low risk.
Alternative investments account for around 34% of the AP3 portfolio. They consist of private equity funds, real estate, infrastructure assets, timberland and insurance-related investments.