The managers write that the month was characterized by corporate year-end reports and that the market developed strongly, primarily driven by large-cap companies.
Regarding the fund's individual holdings, they highlight Synsam, whose report is described as strong with higher sales and profitability than expected. Sobi's report is also presented as positive with many upcoming product launches.
"The ambitious long-term goals combined with the more short-term guidance provided in connection with the year-end report provide an overall bright picture of the future," the managers write.
Inwido's report also receives a clear pass and the stock is considered to be undervalued.
The fund's top contributors so far this year were Volvo, Epiroc, and ABB. On the negative side were Dynavox Group, Lindab International, and Alimak Group.
The three largest holdings in the fund's portfolio at the end of the month were Volvo, Atlas Copco, and ABB, with portfolio weights of 7.9, 6.0, and 5.7 percent respectively.
Regarding geographical distribution, the fund had the greatest exposure to Sweden at 84.9 percent, followed by Switzerland and the United Kingdom at 5.7 and 5.4 percent respectively.
| Carnegie All Cap A, % | February, 2026 |
| Fund MM, change in percent | 4.86 |
| Fund YTD, change in percent | 4.64 |
