The managers write that the market continued to show strength during the month. At the same time, they note the Israeli-American attack on Iran on February 28 and that significant movements are therefore to be expected during March.
"Although the unrest will create significant volatility in energy prices and transport costs, we assess that the fund is well positioned to handle a more turbulent stock market," the managers write.
At the company level and from the reporting period, the managers highlight Alfa Laval and Assa Abloy.
Alfa Laval's report is described as solid, and they write that the company offers exposure to strong trends in the energy sector and thus continued good order intake, high profitability, and good operational leverage.
Assa Abloy, in turn, delivered a report without surprises with stable and high profitability, and the company is considered to be very well positioned in turbulent times.
The fund increased its holdings in the aforementioned Assa Abloy and also in Beijer Ref and Grànges. At the same time, the managers chose to slightly reduce their position in Sobi following strong share price performance.
At the end of the month, the fund's three largest holdings were Investor, Atlas Copco, and Sandvik, with portfolio weights of 8.5, 6.9, and 6.0 percent respectively.
Geographically, the fund was primarily exposed to Sweden with 86.6 percent of the managed capital. This was followed by the United Kingdom and Finland with weights of 3.5 and 3.3 percent respectively.
| Carnegie Sverigefond, % | February, 2026 |
| Fund MM, change in percent | 6.03 |
| Fund YTD, change in percent | 7.73 |
