AP3 (Tredje AP-fonden)

Overview

Welcome to an organization with world-class asset management.¹

AP3 (Tredje AP-fonden)'s pension assets support retirement benefit obligations for plan participants.¹

Estimated AUM: $90.8B as of Dec 31, 2025²
Capital pool: national buffer pension fund¹
Investment model: AP3 combines internal management with external management. Its site states that it uses external managers when this is more cost-effective than maintaining internal competence, and that 19.5% of assets were externally managed at year-end.³
Investment approach: AP3 invests capital to support stability in Sweden’s income-pension system and seeks high returns over time, alongside responsible investment and ownership.⁴
Spending support: Not listed yet
Spending policy: Not listed yet
Asset allocation: Public evidence references these asset classes or allocation areas: infrastructure, public markets.²
Performance: Not listed yet
Governance: Stewardship work has resulted, among other things, in the target for the proportion of female Board members in large companies having been exceeded.⁵
Investment team: AP3 has a fixed-income and currency team responsible for fixed-income management. The fixed-income portfolio is managed internally and actively, with responsibilities divided across government, inflation-linked and corporate bonds, currency hedging and treasury.⁶
Unfunded commitments: Not listed yet
Source freshness: Last verified Jul 21, 2026 · Needs review

Last verified Jul 21, 2026 from public career and organization materials.

Website (ap3.se)Parent organization overview, Pool purpose, Capital pool · checked Jul 25, 2026
Job posting (ap3.se)Estimated AUM, Asset allocation · checked Jul 25, 2026
Website (ap3.se)Investment model · checked Aug 6, 2026
Website (ap3.se)Investment approach, Investment office page · checked Aug 6, 2026
Website (ap3.se)Governance · checked Jul 25, 2026
Website (ap3.se)Investment team · checked Aug 6, 2026