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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.

Mönster årsringar brun

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 before expenses, %

Grouped byEquities
Grouped byFixed income investments
Grouped byAlternative investments
Grouped byOther investments
Grouped byCurrencies
Grouped byTotal

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.

Read more

  • Elnät i landskap av skog och sjö
    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.
  • medarbetare i möte i rum med glasväggar
    Private Equity is the name for investments in the share capital of companies that are not listed on a stock market.
  • Ekhöjden
    Investing in real estate offers potential for relatively stable returns and a degree of protection towards inflation.