SEB Asset Management AB

New 13F: Q3 2026

SEB Asset Management AB filed its 13F for the quarter ended Sep 30, 2026 on Nov 4, 2026: $13.6B in AI and semiconductor stocks; $664.8M bought and $443.1M sold against its previous quarter, at the quarter's prices.

• added to Apple (AAPL): +$93.4M at the quarter's price
• added to Meta Platforms (META): +$74.4M at the quarter's price
• trimmed NVIDIA (NVDA): -$69.1M at the quarter's price
• added to Sandisk (SNDK): +$57.7M at the quarter's price
• added to Microsoft (MSFT): +$55.6M at the quarter's price
• added to Lam Research (LRCX): +$51.5M at the quarter's price
• trimmed Palo Alto Networks (PANW): -$44.5M at the quarter's price
• trimmed Applied Materials (AMAT): -$43.2M at the quarter's price
• trimmed Alphabet (GOOGL): -$43.1M at the quarter's price
• added to Micron (MU): +$33.4M at the quarter's price

SEB Asset Management AB declares $12.7B in 104 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 47.9% of its $26.6B 13F portfolio. Largest positions: NVIDIA (0.04% of the company) and Apple (0.03% of the company). Over time: $12.7B in 104 of these companies for Q2 2026, against $9.6B in 102 for Q1 2026 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $985.5M and sold $570.0M of these stocks, at the quarter's prices: a net purchase of $415.5M; 5 new positions and 4 sold out.

Performance of its AI picks

The AI-stock portfolio SEB Asset Management AB declared for Q2 2026 (Form 13F), held unchanged, returned +5.0% in Q3 2026 (SMH -7.1%), ranked 594 of 1,785 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. NVIDIA (NVDA): $1.8B, 9.2M shares, 0.04% of the company, 6.9% of its portfolio (trimmed this quarter); held since Q1 2026
2. Apple (AAPL): $1.4B, 5.0M shares, 0.03% of the company, 5.4% of its portfolio (added this quarter); held since Q1 2026
3. Alphabet (GOOGL): $1.3B, 3.6M shares, 0.03% of the company, 4.8% of its portfolio (added this quarter); held since Q1 2026
4. Microsoft (MSFT): $1.0B, 2.8M shares, 0.04% of the company, 3.9% of its portfolio (added this quarter); held since Q1 2026
5. Amazon (AMZN): $736.3M, 3.1M shares, 0.03% of the company, 2.8% of its portfolio (added this quarter); held since Q1 2026
6. Broadcom (AVGO): $666.7M, 1.8M shares, 0.04% of the company, 2.5% of its portfolio (trimmed this quarter); held since Q1 2026
7. Micron (MU): $531.8M, 460,698 shares, 0.04% of the company, 2.0% of its portfolio (added this quarter); held since Q1 2026
8. Meta Platforms (META): $402.1M, 713,825 shares, 0.03% of the company, 1.5% of its portfolio (added this quarter); held since Q1 2026
9. AMD (AMD): $371.8M, 640,029 shares, 0.04% of the company, 1.4% of its portfolio (added this quarter); held since Q1 2026
10. Applied Materials (AMAT): $326.6M, 451,702 shares, 0.06% of the company, 1.2% of its portfolio (trimmed this quarter); held since Q1 2026
11. Cisco (CSCO): $237.8M, 2.0M shares, 0.05% of the company, 0.90% of its portfolio (added this quarter); held since Q1 2026
12. Intel (INTC): $210.6M, 1.5M shares, 0.03% of the company, 0.79% of its portfolio (added this quarter); held since Q1 2026
13. KLA (KLAC): $196.1M, 650,040 shares, 0.05% of the company, 0.74% of its portfolio (trimmed this quarter); held since Q1 2026
14. Lam Research (LRCX): $194.5M, 448,909 shares, 0.04% of the company, 0.73% of its portfolio (added this quarter); held since Q1 2026
15. Palo Alto Networks (PANW): $139.6M, 409,347 shares, 0.05% of the company, 0.53% of its portfolio (trimmed this quarter); held since Q1 2026

By sector

• Cloud & AI giants: $4.9B, 38% of its AI holdings, 6 companies
• Chips & compute: $3.6B, 28% of its AI holdings, 19 companies
• AI software: $934.5M, 7% of its AI holdings, 20 companies
• Equipment & test: $863.1M, 7% of its AI holdings, 9 companies
• Memory & storage: $798.8M, 6% of its AI holdings, 5 companies
• Power, electrical & cooling: $584.5M, 5% of its AI holdings, 14 companies
• Interconnect: $461.7M, 4% of its AI holdings, 7 companies
• Servers & systems: $243.2M, 2% of its AI holdings, 8 companies
• Optics: $181.3M, 1% of its AI holdings, 7 companies
• Neoclouds & data centers: $143.0M, 1% of its AI holdings, 9 companies

Biggest changes this quarter

• added to AMD (AMD): +$165.3M at the quarter's price
• added to Micron (MU): +$116.9M at the quarter's price
• trimmed NVIDIA (NVDA): -$105.9M at the quarter's price
• added to Cisco (CSCO): +$87.7M at the quarter's price
• added to Intel (INTC): +$76.3M at the quarter's price
• added to Marvell (MRVL): +$67.3M at the quarter's price
• added to Vertiv (VRT): +$61.0M at the quarter's price
• added to Coherent (COHR): +$57.9M at the quarter's price
• trimmed Broadcom (AVGO): -$55.2M at the quarter's price
• trimmed Palo Alto Networks (PANW): -$50.6M at the quarter's price

Other holders of this size

• Balyasny: $12.7B in 171 of these companies
• SOFTBANK GROUP CORP.: $12.7B in 3 of these companies
• CI INVESTMENTS INC.: $12.4B in 122 of these companies
• State of Tennessee, Department of Treasury: $12.7B in 159 of these companies
• WORLDQUANT MILLENNIUM ADVISORS LLC: $12.4B in 111 of these companies
• a16z Capital Management, L.L.C.: $12.9B in 2 of these companies
• STRS OHIO: $12.4B in 182 of these companies
• WESTFIELD CAPITAL MANAGEMENT CO LP: $12.9B in 74 of these companies

Follow SEB Asset Management AB's SEC filings (Atom feed)

All holders · Who owns each AI company · All tracked companies · The AI market