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Alecta Pensionsförsäkring, ömsesidigt
Pablo Bernengo · Pension Fund · Multi-Strategy
Alecta Pensionsförsäkring, ömsesidigt is a Swedish mutual occupational pension provider established in 1917. Headquartered in Stockholm, it is one of Europe's largest pension managers, serving approximately 2.8 million private customers and 35,000 corporate clients. The institution operates on a mutual basis, meaning all surpluses are returned to its policyholders. Historically, Alecta has been distinguished by a highly active investment approach, managing a concentrated portfolio of global equities, fixed income, and real estate primarily through an internal team of experts. Following a strategic review in 2023, the firm has focused on enhancing its risk management frameworks and broadening asset diversification while maintaining its core mission of providing cost-effective, long-term financial security for Swedish white-collar workers.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +23.5% |
| YTD return | +13.3% |
| Sharpe ratio | 3.07 |
| Win rate | 62% |
| AUM | $20.3B |
| Inception | Oct 1, 2025 |
| Updated | Sep 22, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $20.3B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.alecta.se |
Current Holdings
Updated on Sep 22, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| ATLKY | Atlas Copco AB | 13.1% | 0.0% |
| MSFT | Microsoft Corporation | 10.9% | -0.5% |
| NVDA | NVIDIA Corporation | 10.7% | +14.2% |
| GOOGL | Alphabet Inc Class A | 9.3% | +41.3% |
| SDVKY | Sandvik AB ADR | 6.6% | 0.0% |
| AMZN | Amazon.com Inc | 6.5% | +11.2% |
| NRDBY | Nordea Bank Abp ADR | 4.8% | -0.7% |
| AVGO | Broadcom Inc | 4.7% | -1.0% |
| SWDBY | Swedbank AB | 4.6% | -0.0% |
| AAPL | Apple Inc | 4.2% | +28.0% |
| JPM | JPMorgan Chase & Co | 3.3% | +6.8% |
| META | Meta Platforms Inc. | 3.1% | +23.8% |
| V | Visa Inc. Class A | 2.8% | +5.2% |
| ALV | Autoliv Inc | 2.8% | -4.2% |
| LLY | Eli Lilly and Company | 2.4% | +36.5% |
| AMD | Advanced Micro Devices Inc | 2.2% | +280.3% |
| TXN | Texas Instruments Incorporated | 2.2% | +39.8% |
| APH | Amphenol Corporation | 2.1% | +33.2% |
| PANW | Palo Alto Networks Inc | 1.9% | +2.9% |
| ABBV | AbbVie Inc | 1.8% | +3.8% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | SELL | NVDA | 10.7% → 10.7% |
| Aug 31, 2026 | SELL | AMD | 2.3% → 2.2% |
| Aug 31, 2026 | BUY | META | 3.1% → 3.1% |
| Aug 31, 2026 | SELL | ALV | 2.8% → 2.8% |
| Aug 31, 2026 | SELL | TXN | 2.4% → 2.2% |
Investment Style Analysis
Alecta Pensionsförsäkring, ömsesidigt is widely recognized for employing a Multi-Strategy strategy. As of Sep 22, 2026, the firm oversees approximately $20.3B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Specialty Industrial Machinery sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Alecta Pensionsförsäkring, ömsesidigt made a significant move by reducing the position in NVDA. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Alecta’s investment philosophy centers on independent, in-house analysis and long-term capital stewardship. The institution avoids high-cost external managers and instead relies on a specialized internal team to conduct deep fundamental research on a limited number of high-quality holdings. This concentrated approach is designed to generate absolute returns where each individual investment can have a meaningful impact on overall performance. Their strategy integrates multiple asset classes—including equities, debt, and direct real estate—while emphasizing sustainability and extremely low management fees. In recent years, the philosophy has evolved to balance its signature active management with enhanced diversification to ensure stable, inflation-protected returns for policyholders.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Alecta Pensionsförsäkring, ömsesidigt.
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Frequently asked questions
How is the simulated portfolio for Alecta Pensionsförsäkring, ömsesidigt constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Alecta Pensionsförsäkring, ömsesidigt's largest holding?
As of the latest filing, Alecta Pensionsförsäkring, ömsesidigt's top position is Atlas Copco AB (ATLKY), representing 13.1% of the portfolio. This reflects a high-conviction bet by the institution.
What is Alecta Pensionsförsäkring, ömsesidigt's historical performance and risk profile?
Our simulation indicates a total return of +23.5% with a win rate of 62%. Notably, the portfolio maintains a Sharpe Ratio of 3.07, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Alecta Pensionsförsäkring, ömsesidigt primarily invest in?
Alecta Pensionsförsäkring, ömsesidigt has a strong preference for the Semiconductors sector, which makes up 19.7% of their disclosed assets. The portfolio also has exposure to Specialty Industrial Machinery, indicating a specific thematic focus.
Is Alecta Pensionsförsäkring, ömsesidigt's portfolio concentrated or diversified?
Alecta Pensionsförsäkring, ömsesidigt runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 34.7% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Alecta Pensionsförsäkring, ömsesidigt performed in 2026?
Our AI-simulated model portfolio for Alecta Pensionsförsäkring, ömsesidigt tracks a Year-to-Date (YTD) return of +13.3%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Pablo Bernengo manage Alecta Pensionsförsäkring, ömsesidigt directly?
Yes, Pablo Bernengo serves as the key portfolio manager for Alecta Pensionsförsäkring, ömsesidigt, overseeing the investment strategy and final capital allocation decisions.