AP3's portfolio
Market value per asset category
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 |
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Nearly half of AP3’s assets are invested in stock markets worldwide. Equity investments have long been a central part of AP3’s management model, and the fund has several experienced employees in the area.
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.
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.