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AP3's portfolio

Market value per asset category

Market value per asset category

2024

2023

2022

2021

2020

Total, SEK bn

549.1

499.8

468.4

502.3

423.0

of which






Swedish equities

65.7

63.8

54.0

62.9

52.1

Foreign equities

199.5

150.8

133.4

171.1

140.7

Nominal fixed income, Swedish

18.6

37.5

35.8

27.3

41.5

Nominal fixed income, foreign

75.4

55.0

54.9

67.3

56.6

Index-linked bonds, Swedish

3.6

3.5

3.4

4.0

3.8

Index-linked bonds, foreign

23.2

25.8

23.7

27.7

22.6

Unlisted equities, Swedish and foreign

44.1

37.1

34.9

29.8

17.8

Real estate and infrastructure (shares and promissory notes), of which

113.4

116.8

126.7

111.5

82.7

       Vasakronan

25.1

24.4

28.1

25.3

21.0

        Hemsö

30.4

29.0

30.8

28.6

20.2

        Farmoor

0.0

1.9

2.4

2.9

2.8

        Regio

7.2

7.0

7.1

5.4

4.5

        Sagax

2.1

6.3

5.6

7.3

4.0

        Trenum

3.9

4.1

4.3

3.9

3.4

        Trophi

10.3

10.3

11.0

9.5

7.5

        Ellevio

10.6

10.8

10.8

6.8

6.4

        Polhem

2.8

2.4

2.8

2.9

0.5

        4 to 1

0

1.5

1.4

0.8


        Timberland and agricultural land

14.7

13.8

14.5

11.7

6.0

        International real estate funds

6.3

5.2

8.0

6.3

6.5

Other assets 1)

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.

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Mönster årsringar brun

AP3’s portfolio

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.
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Medarbetare på AP3 som jobbar går i kontorslandskap

Five-year summary

Five-year summary
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Medarbetare på AP3 som jobbar vid dator

Listed equities

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.
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