Skandinaviska Enskilda Banken AB (publ) portfolio

What changed this quarter

184 positions with a change (45 new, 5 added to, 113 trimmed, 21 sold); also, 21 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Microsoft−50%fewer sharesReduced
  17.6% → 14.4%
• Amazon.com−51%fewer sharesReduced
  13.3% → 12.1%
• NVIDIA−40%fewer sharesReduced
  14.3% → 16.0%
• Apple−50%fewer sharesReduced
  6.6% → 6.1%
• Alphabet−3.2 ppof portfolioReduced
  7.7% → 10.4%
• Broadcom−49%fewer sharesReduced
  5.1% → 5.3%
• Tesla−68%fewer sharesReduced
  3.4% → 2.0%
• Meta Platforms−49%fewer sharesReduced
  5.3% → 4.3%
• Intel−52%fewer sharesReduced
  1.6% → 3.9%
• McDONALD’S−50%fewer sharesReduced
  3.4% → 2.4%
• Western Digital+1.4 ppof portfolioNew
  — → 2.3%
• Home Depot+1.3 ppof portfolioNew
  — → 2.1%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA16.0%
• MicrosoftMSFT14.4%
• Amazon.comAMZN12.1%
• AlphabetGOOGL · GOOG10.4%
• AppleAAPL6.1%
• BroadcomAVGO5.3%
• Meta PlatformsMETA4.3%
• IntelINTC3.9%
• McDONALD’SMCD2.4%
• Western DigitalWDC2.3%
• Home DepotHD2.1%
• International Business MachinesIBM2.0%
• TeslaTSLA2.0%
• Bank of AmericaBAC1.6%
• AstrazenecaAZN1.6%
• StrykerSYK1.5%
• General DynamicsGD1.2%
• Thermo Fisher ScientificTMO1.1%
• SynopsysSNPS0.8%
• Janus Henderson GroupJHG0.7%
• Vertex PharmaceuticalsVRTX0.4%
• VisaV0.4%
• FrontlineFRO0.4%
• CenteneCNC0.4%
• Automatic Data ProcessingADP0.3%
• Boston ScientificBSX0.3%
• ProgressivePGR0.3%
• MastercardMA0.3%
• Chart Industries0.2%
• AtlassianTEAM0.2%
• Peloton InteractivePTON0.2%
• Norfolk SouthernNSC0.2%
• T-mobile USTMUS0.2%
• Booking HoldingsBKNG0.2%
• PenumbraPEN0.1%
• HPHPQ0.1%
• TXNM EnergyTXNM0.1%
• Check Point Software TechnologiesCHKP0.1%
• Skyworks SolutionsSWKS0.1%
• KenvueKVUE0.1%
• Match GroupMTCH0.1%
• CriteoCRTO0.1%
• ServiceNowNOW0.1%
• Nuvalent0.1%
• TopBuildBLD0.1%
• UnifirstUNF0.1%
• IntuitINTU0.1%
• Taiwan Semiconductor ManufacturingTSM0.1%
• TECK ResourcesTECK0.1%
• Lam ResearchLRCX0.1%
• SunococorpSUNC0.1%
• KLAKLAC0.1%
• AESAES0.1%
• Liberty BroadbandLBRDK0.1%
• RokuROKU0.1%
• Electronic ArtsEA0.1%
• Brighthouse FinancialBHF0.1%
• Applied MaterialsAMAT0.1%
• International Money ExpressIMXI0.1%
• QorvoQRVO0.1%
• Okeanis Eco TankersECO0.1%
• Arista NetworksANET0.1%
• Apogee Therapeutics0.1%
• Warner Bros. DiscoveryWBD0.1%
• OrganonOGNunder 0.1%
• Allied GoldAAUCunder 0.1%
• Advanced Micro DevicesAMDunder 0.1%
• Northwestern Energy GroupNWEunder 0.1%
• Vertiv HoldingsVRTunder 0.1%
• Credo Technology Group HoldingCRDOunder 0.1%
• ADTRAN HoldingsADTNunder 0.1%
• CencoraCORunder 0.1%
• Arrow ElectronicsARWunder 0.1%
• Bio-techneTECHunder 0.1%
• SandiskSNDKunder 0.1%
• Palo Alto NetworksPANWunder 0.1%
• JPMorgan ChaseJPMunder 0.1%
• Micron TechnologyMUunder 0.1%
• GlobalstarGSATunder 0.1%
• DigitalBridge GroupDBRGunder 0.1%
• CoherentCOHRunder 0.1%
• NCR AtleosNATLunder 0.1%
• Axalta Coating SystemsAXTAunder 0.1%
• XylemXYLunder 0.1%
• CDWCDWunder 0.1%
• Marvell TechnologyMRVLunder 0.1%
• Himalaya ShippingHSHPunder 0.1%
• LCI IndustriesLCIIunder 0.1%
• Edwards LifesciencesEWunder 0.1%
• Dominion EnergyDunder 0.1%
• Silicon LaboratoriesSLABunder 0.1%
• Procter & GamblePGunder 0.1%
• Wheaton Precious MetalsWPMunder 0.1%
• Mobileye GlobalMBLYunder 0.1%
• Caesars EntertainmentCZRunder 0.1%
• Freeport-McMoRanFCXunder 0.1%
• Lumentum HoldingsLITEunder 0.1%
• Essential UtilitiesWTRGunder 0.1%
• Select Medical Holdingsunder 0.1%