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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








1) Under Other assets, for example, investments in insurance-related risks and convertibles are reported.

Read more

  • 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.
  • 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.