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

Annual Report 2024

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
  • 548.2
    SEK billion in fund capital 2024-12-31
  • 50.7
    SEK billion net result 2024-12-31
  • 10.1
    % return after cost 2024-12-31
News
AP4 50 years
  • Press release

    Good return during a turbulent year

    The Fourth Swedish National Pension Fund (AP4) reports a good return for the full year 2024 of 10.1 percent after costs. With a net result of SEK 50.7 billion, fund capital increased to SEK 548.2 billion after SEK 2.0 billion was transferred net to the pension system during the year.

  • News

    Comment from 4 to 1 Investments on Northvolt

    The AP Fund-owned company 4 to 1 Investments has received the information that Northvolt has filed for reconstruction in the US, so-called Chapter 11. A restructuring of the company's capital structure is now starting in parallel with continued operation of the business. 4 to 1 Investments will continue to hold a constructive dialogue with the company to protect invested values and work for the company's best interests in the long term.

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