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Livermore
Livermore
ZHEN

Andra AP-fonden

SEC CIK
0001535452
Latest filing
Sep 22, 2026

The latest 13F from Andra AP-fonden covers Q2 2026 (filed Sep 22, 2026): 393 long positions worth $8.70B. The top 10 holdings make up 34.2% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 6.8%. Livermore has 21 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
52
Est. +$259.8M
Added
159
Est. +$785.8M
Reduced
182
Est. −$1.57B
Sold out
55
Est. −$186.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    6.8%$594.9MHistory
  2. AAPLApple Inc.
    6.4%$557.7MHistory
  3. MSFTMicrosoft Corp
    3.9%$336.5MHistory
  4. AMZNAmazon Com Inc
    3.3%$290.8MHistory
  5. GOOGLAlphabet Inc.
    3.1%$269.8MHistory

Share of portfolio

Top 5 holdings and the other 388 positions, by share of portfolio value

  1. NVDA6.8%
  2. AAPL6.4%
  3. MSFT3.9%
  4. AMZN3.3%
  5. GOOGL3.1%
  6. Other 388 positions76.4%

Biggest buys

New and added positions, by estimated amount bought

  1. TDToronto Dominion Bank
    +$46.7MNewHistory
  2. AZNAstraZeneca PLC
    +$40.9MAddedHistory
  3. CRMSalesforce, Inc.
    +$25.9MAddedHistory
  4. AMATApplied Materials Inc
    +$23.4MAddedHistory
  5. LITELumentum Holdings Inc.
    +$17.5MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AZNAstraZeneca PLC
    +0.85 pp0.0% → 0.9%History
  2. AMATApplied Materials Inc
    +0.65 pp0.4% → 1.0%History
  3. TDToronto Dominion Bank
    +0.54 pp0.0% → 0.5%History
  4. LRCXLam Research Corp
    +0.47 pp0.5% → 0.9%History
  5. KLACKLA Corp
    +0.30 pp0.2% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$110.0MReducedHistory
  2. AMDAdvanced Micro Devices Inc
    −$75.8MReducedHistory
  3. AAPLApple Inc.
    −$73.0MReducedHistory
  4. MSFTMicrosoft Corp
    −$48.9MReducedHistory
  5. AMZNAmazon Com Inc
    −$40.9MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MSFTMicrosoft Corp
    −0.90 pp4.8% → 3.9%History
  2. NVDANVIDIA Corp
    −0.83 pp7.7% → 6.8%History
  3. AAPLApple Inc.
    −0.49 pp6.9% → 6.4%History
  4. METAMeta Platforms, Inc.
    −0.48 pp2.3% → 1.8%History
  5. AMZNAmazon Com Inc
    −0.27 pp3.6% → 3.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$8.70B
+$683.1M (+8.5%) vs. prior quarter
Positions
393
−3 vs. prior quarter
Top 10 concentration
34.2%
Top 10 as share of value
Turnover
12.5%
Q2 2026, one quarter
Average holding period
9.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

21 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $8.70B (Q2 2026)

Q1 2021: $4.54BQ2 2021: $4.90BQ3 2021: $4.86BQ4 2021: $4.91BQ2 2022: $3.49BQ3 2022: $3.05BQ4 2022: $3.30BQ1 2023: $3.84BQ2 2023: $3.95BQ3 2023: $1.70BQ4 2023: $1.89BQ1 2024: $5.63BQ2 2024: $5.95BQ3 2024: $6.79BQ4 2024: $6.24BQ1 2025: $6.10BQ2 2025: $7.19BQ3 2025: $7.83BQ4 2025: $8.04BQ1 2026: $8.02BQ2 2026: $8.70B
Q1 2021Q2 2026
13F filings of Andra AP-fonden by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Sep 22, 2026393$8.70BNVDAAAPLMSFTvs. Q1 2026SEC
Q1 2026May 8, 2026396$8.02BNVDAAAPLMSFTvs. Q4 2025SEC
Q4 2025Feb 12, 2026402$8.04BNVDAAAPLMSFTvs. Q3 2025SEC
Q3 2025Nov 12, 2025404$7.83BQCOMNVDAAAPLvs. Q2 2025SEC
Q2 2025Aug 6, 2025467$7.19BNVDAQCOMAAPLvs. Q1 2025SEC
Q1 2025May 13, 2025463$6.10BAAPLQCOMKLACvs. Q4 2024SEC
Q4 2024Feb 7, 2025385$6.24BNVDAAAPLNTAPvs. Q3 2024SEC
Q3 2024Nov 12, 2024426$6.79BNVDAAAPLQCOMvs. Q2 2024SEC
Q2 2024Aug 7, 2024415$5.95BNVDAAAPLQCOMvs. Q1 2024SEC
Q1 2024May 13, 2024363$5.63BAAPLNVDAMSFTvs. Q4 2023SEC
Q4 2023Feb 15, 2024229$1.89BAVGOVIPSMCKvs. Q3 2023SEC
Q3 2023Nov 9, 2023260$1.70BVIPSNVDACAHvs. Q2 2023SEC
Q2 2023Aug 9, 2023581$3.95BVIPSGWWFICOvs. Q1 2023SEC
Q1 2023May 12, 2023558$3.84BGWWGILDFICOvs. Q4 2022SEC
Q4 2022Feb 13, 2023567$3.30BMCKCAHITvs. Q3 2022SEC
Q3 2022Nov 14, 2022556$3.05BMCKGISLLYvs. Q2 2022SEC
Q2 2022Aug 15, 2022572$3.49BMCKVRTXGIS–SEC
Q4 2021Feb 15, 2022557$4.91BITRHICHKPvs. Q3 2021SEC
Q3 2021Nov 12, 2021597$4.86BITRHIWATvs. Q2 2021SEC
Q2 2021Aug 16, 2021594$4.90BTGTALXNWATvs. Q1 2021SEC
Q1 2021May 17, 2021582$4.54BWATMCKJD–SEC