SEB Asset Management AB
Reported US equity positions for Q1 2026 — $23.4B across 680 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $1.7B | 7.2% | 9,706,466 |
| AAPL Apple Inc. | $1.3B | 5.4% | 4,986,398 |
| G0593M107 Astrazeneca PLC | $1.2B | 4.9% | 5,954,417 |
| MSFT Microsoft Corporation | $1.0B | 4.3% | 2,712,669 |
| AMZN Amazon.com, Inc. | $631.5M | 2.7% | 3,032,342 |
| AVGO Broadcom Inc. | $591.5M | 2.5% | 1,911,131 |
| GOOGL Alphabet Inc. | $569.6M | 2.4% | 1,980,895 |
| GOOG Alphabet Inc. - Class C Capital Stock | $432.3M | 1.8% | 1,507,039 |
| META Meta Platforms, Inc. | $405.0M | 1.7% | 707,960 |
| LLY Eli Lilly and Company | $356.2M | 1.5% | 387,272 |
| JPM JP Morgan Chase & Co. | $356.2M | 1.5% | 1,210,826 |
| JNJ Johnson & Johnson | $314.5M | 1.3% | 1,286,484 |
| MA Mastercard Incorporated | $293.6M | 1.3% | 587,548 |
| C Citigroup, Inc. | $253.0M | 1.1% | 2,230,597 |
| TSLA Tesla, Inc. | $232.2M | 1.0% | 624,505 |
| BMY Bristol-Myers Squibb Company | $217.5M | 0.9% | 3,586,365 |
| ABBV AbbVie Inc. | $205.8M | 0.9% | 946,326 |
| MRK Merck & Company, Inc. Common Stock (new) | $197.6M | 0.8% | 1,642,285 |
| V Visa Inc. | $181.2M | 0.8% | 599,611 |
| WMT Walmart Inc. | $179.5M | 0.8% | 1,444,614 |
| AMAT Applied Materials, Inc. | $175.0M | 0.7% | 512,119 |
| GM General Motors Company | $171.9M | 0.7% | 2,307,277 |
| GILD Gilead Sciences, Inc. | $171.8M | 0.7% | 1,233,000 |
| H1467J104 Chubb LTD Switz | $169.5M | 0.7% | 519,939 |
| MELI MercadoLibre, Inc. | $162.6M | 0.7% | 94,029 |
| TD The Toronto Dominion Bank | $139.1M | 0.6% | 1,494,394 |
| ABG Asbury Automotive Group Inc | $134.1M | 0.6% | 427,004 |
| ADBE Adobe Inc. | $131.7M | 0.6% | 541,894 |
| BSX Boston Scientific Corporation | $130.3M | 0.6% | 2,076,524 |
| MCK McKesson Corporation | $129.8M | 0.6% | 149,949 |
| PG The Procter & Gamble Company | $127.7M | 0.5% | 883,854 |
| TFC Truist Financial Corporation | $124.1M | 0.5% | 2,700,556 |
| MU Micron Technology, Inc. | $121.4M | 0.5% | 359,406 |
| KLAC KLA Corporation | $115.8M | 0.5% | 78,638 |
| MSI Motorola Solutions, Inc. | $112.7M | 0.5% | 259,773 |
| EW Edwards Lifesciences Corporation | $109.7M | 0.5% | 1,370,202 |
| ADSK Autodesk, Inc. | $104.4M | 0.4% | 435,968 |
| NFLX Netflix, Inc. | $99.4M | 0.4% | 1,034,129 |
| CSCO Cisco Systems, Inc. | $99.1M | 0.4% | 1,277,386 |
| BAC Bank of America Corporation | $95.7M | 0.4% | 1,963,661 |
| LRCX Lam Research Corporation | $94.8M | 0.4% | 443,913 |
| TMO Thermo Fisher Scientific Inc | $93.5M | 0.4% | 190,270 |
| ANET Arista Networks, Inc. | $93.2M | 0.4% | 759,276 |
| CL Colgate-Palmolive Company | $91.1M | 0.4% | 1,069,453 |
| NTAP NetApp, Inc. | $90.0M | 0.4% | 878,765 |
| CDNS Cadence Design Systems, Inc. | $89.9M | 0.4% | 323,504 |
| PANW Palo Alto Networks, Inc. | $89.4M | 0.4% | 557,704 |
| CRM Salesforce, Inc. | $88.2M | 0.4% | 472,483 |
| SYK Stryker Corporation | $86.5M | 0.4% | 263,366 |
| BKNG Booking Holdings Inc. | $86.4M | 0.4% | 20,525 |
| CAT Caterpillar, Inc. | $86.2M | 0.4% | 121,707 |
| RGA Reinsurance Group of America, Incorporated | $81.5M | 0.3% | 399,361 |
| SPGI S&P Global Inc. | $81.2M | 0.3% | 190,902 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $80.8M | 0.3% | 298,761 |
| TRV The Travelers Companies, Inc. | $77.7M | 0.3% | 266,500 |
| HCA HCA Healthcare, Inc. | $75.5M | 0.3% | 159,610 |
| HD The Home Depot, Inc. | $74.4M | 0.3% | 226,291 |
| AMD Advanced Micro Devices, Inc. | $72.3M | 0.3% | 355,551 |
| QCOM QUALCOMM Incorporated | $72.3M | 0.3% | 561,179 |
| ADI Analog Devices, Inc. | $70.7M | 0.3% | 222,223 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.