AP3's portfolio
Market value per asset category
Market value per asset category | June 30th, 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
Total, SEK bn | 550.6 | 549.1 | 499.8 | 468.4 | 502.3 | 423.0 |
of which | ||||||
Swedish equities | 67.2 | 65.7 | 63.8 | 54.0 | 62.9 | 52.1 |
Foreign equities | 197.1 | 199.5 | 150.8 | 133.4 | 171.1 | 140.7 |
Nominal fixed income, Swedish | 34.3 | 18.6 | 37.5 | 35.8 | 27.3 | 41.5 |
Nominal fixed income, foreign | 72 | 75.4 | 55.0 | 54.9 | 67.3 | 56.6 |
Index-linked bonds, Swedish | 3.6 | 3.6 | 3.5 | 3.4 | 4.0 | 3.8 |
Index-linked bonds, foreign | 20.3 | 23.2 | 25.8 | 23.7 | 27.7 | 22.6 |
Unlisted equities, Swedish and foreign | 39.7 | 44.1 | 37.1 | 34.9 | 29.8 | 17.8 |
Real estate and infrastructure (shares and promissory notes), of which | 111.2 | 113.4 | 116.8 | 126.7 | 111.5 | 82.7 |
Vasakronan | 25.5 | 25.1 | 24.4 | 28.1 | 25.3 | 21.0 |
Hemsö | 29.8 | 30.4 | 29.0 | 30.8 | 28.6 | 20.2 |
Farmoor | 0 | 0.0 | 1.9 | 2.4 | 2.9 | 2.8 |
Regio | 6.6 | 7.2 | 7.0 | 7.1 | 5.4 | 4.5 |
Sagax | 1.0 | 2.1 | 6.3 | 5.6 | 7.3 | 4.0 |
Trenum | 4.0 | 3.9 | 4.1 | 4.3 | 3.9 | 3.4 |
Trophi | 10.1 | 10.3 | 10.3 | 11.0 | 9.5 | 7.5 |
Ellevio | 10.1 | 10.6 | 10.8 | 10.8 | 6.8 | 6.4 |
Polhem | 4.0 | 2.8 | 2.4 | 2.8 | 2.9 | 0.5 |
4 to 1 | 0 | 0 | 1.5 | 1.4 | 0.8 | |
Timberland and agricultural land | 13.9 | 14.7 | 13.8 | 14.5 | 11.7 | 6.0 |
International real estate funds | 6.2 | 6.3 | 5.2 | 8.0 | 6.3 | 6.5 |
Other assets 1) | 0 | 0.2 | 0.7 | 2.2 | 3.6 | 4.8 |
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The fixed income and FX team at AP3 manages the Fund’s fixed income investments, which are subdivided into government, inflation-linked and corporate securities.
Five-year summary
AP3 has been investing in different types of insurance-, climate- and weather-related securities since 2008. Holdings include catastrophe bonds, which are traded outside the traditional financial markets. Returns on these instruments have a low correlation with other investments, which means they help to diversify the portfolio.