AP3's portfolio

Market value per asset category

1) Under Other assets, for example, investments in insurance-related risks and convertibles are reported.
Market value per asset category	2025	2024	2023	2022	2021	2020
Total, SEK bn	577.1	549.1	499.8	468.4	502.3	423.0
of which
Swedish equities	74.2	65.7	63.8	54.0	62.9	52.1
Foreign equities	210.3	199.5	150.8	133.4	171.1	140.7
Nominal fixed income, Swedish	33.3	18.6	37.5	35.8	27.3	41.5
Nominal fixed income, foreign	73.9	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	19.9	23.2	25.8	23.7	27.7	22.6
Unlisted equities, Swedish and foreign	39.8	44.1	37.1	34.9	29.8	17.8
Real estate and infrastructure (shares and promissory notes), of which	106.9	113.4	116.8	126.7	111.5	82.7
Vasakronan	25.6	25.1	24.4	28.1	25.3	21.0
Hemsö	32	30.4	29.0	30.8	28.6	20.2
Farmoor	0	0.0	1.9	2.4	2.9	2.8
Regio	6.7	7.2	7.0	7.1	5.4	4.5
Sagax	0.9	2.1	6.3	5.6	7.3	4.0
Trenum	4.0	3.9	4.1	4.3	3.9	3.4
Trophi	10.8	10.3	10.3	11.0	9.5	7.5
Ellevio	8.7	10.6	10.8	10.8	6.8	6.4
Polhem	4.1	2.8	2.4	2.8	2.9	0.5
4 to 1	0,0	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	0.1	6.3	5.2	8.0	6.3	6.5
Other assets 1)	0.0	0.2	0.7	2.2	3.6	4.8

AP3’s securities
AP3’s securities. Here, you can download AP3’s various securities holdings. For us, it is important to create long-term value when selecting investments and in the management of companies in the portfolio.
Timberland
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.
Private Equity
Private Equity is the name for investments in the share capital of companies that are not listed on a stock market.

Read more