AP3's portfolio
Market value per asset category
Market value per asset category | June 30,2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
Total, SEK bn | 891,2 | 577.1 | 549.1 | 499.8 | 468.4 | 502.3 |
of which | ||||||
Swedish equities | 120.2 | 74.2 | 65.7 | 63.8 | 54.0 | 62.9 |
Foreign equities | 368.2 | 210.3 | 199.5 | 150.8 | 133.4 | 171.1 |
Nominal fixed income, Swedish | 31.4 | 33.3 | 18.6 | 37.5 | 35.8 | 27.3 |
Nominal fixed income, foreign | 103,6 | 73.9 | 75.4 | 55.0 | 54.9 | 67.3 |
Index-linked bonds, Swedish | 10.4 | 3.6 | 3.6 | 3.5 | 3.4 | 4.0 |
Index-linked bonds, foreign | 38,9 | 19.9 | 23.2 | 25.8 | 23.7 | 27.7 |
Private Equity | 57.9 | 39.8 | 44.1 | 37.1 | 34.9 | 29.8 |
Real estate and infrastructure (shares and promissory notes), of which | 147.4 | 106.9 | 113.4 | 116.8 | 126.7 | 111.5 |
Vasakronan | 39.1 | 25.6 | 25.1 | 24.4 | 28.1 | 25.3 |
Hemsö | 32.0 | 32 | 30.4 | 29.0 | 30.8 | 28.6 |
Farmoor | 0.0 | 0.0 | 0.0 | 1.9 | 2.4 | 2.9 |
Regio | 6.6 | 6.7 | 7.2 | 7.0 | 7.1 | 5.4 |
Sagax | 0.6 | 0.9 | 2.1 | 6.3 | 5.6 | 7.3 |
Trenum | 3.7 | 4.0 | 3.9 | 4.1 | 4.3 | 3.9 |
Trophi | 10.3 | 10.8 | 10.3 | 10.3 | 11.0 | 9.5 |
Ellevio | 8.9 | 8.7 | 10.6 | 10.8 | 10.8 | 6.8 |
Polhem | 4.4 | 4.1 | 2.8 | 2.4 | 2.8 | 2.9 |
4 to 1 | 0.0 | 0.0 | 0.0 | 1.5 | 1.4 | 0.8 |
Timberland and agricultural land | 14.5 | 13.9 | 14.7 | 13.8 | 14.5 | 11.7 |
International real estate funds | 10.2 | 0.1 | 6.3 | 5.2 | 8.0 | 6.3 |
Other assets 1) | 0.0 | 0.0 | 0.2 | 0.7 | 2.2 | 3.6 |
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AP3 invests in listed and unlisted funds as well as through direct investments.
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.
Our investments are governed by the rules of the National Pension Insurance Funds (AP Funds) Act, partly in regard to how large a percentage of the capital may be invested in each type of asset.