We contribute to the financial security of current and future pensioners in Sweden

Interim Report 2025

About us

An important mission

The Fourth Swedish National Pension Fund (AP4) was founded in 1974 to manage part of Sweden's public pension capital. Over time, through long-term high returns, we have strengthened the public pension system. We manage the fund capital in an exemplary manner through responsible investments and ownership. In this way, we have contributed to financial security for today's and tomorrow's Swedish pensioners.

Climate & Environment

Our view on sustainability

Climate and environment is a focus area in AP4's asset management and includes both climate change and climate transition, as well as areas such as biodiversity, resource efficiency and waste. In 2024, AP4 reduced its carbon footprint by 15% and by 70% since 2010.

If you as an investor want to take real responsibility and contribute to the climate transition in a powerful way, you must drive transition even in the most CO2-intensive parts of the economy.
CEO Niklas Ekvall
  • 557.7
    SEK billion in fund capital 2025-06-30
  • 11.9
    SEK billion net result 2025-06-30
  • 2.2
    % return after cost 2025-06-30
News
AP4 50 years
  • Press release

    The consolidation of the AP Funds - successfully completed by the Stockholm-based funds

    At the beginning of 2026, the transfer of assets from the First Swedish National Pension Fund (AP1) to the Third and Fourth Swedish National Pension Funds (AP3 and AP4) was carried out. The transfer was executed as part of the consolidation of the “AP Funds”, as decided by the Swedish Parliament in 2025, which came into effect on 1 January 2026.

  • Press release

    AP3 and AP4 complete modernization of system infrastructure

    The Third and Fourth Swedish National Pension Funds (AP3 and AP4) have completed a comprehensive modernization of their system infrastructure through a new, integrated front-to-back solution. This replaces multiple systems that support the entire workflow — from analysis and order placement to portfolio management, risk, performance, compliance, and financial reporting. The new system provides a future-proof foundation for the funds’ business and processes.

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