The managers initially note that February was a strong month for equities across all Nordic markets except Denmark. The fourth-quarter reporting season concluded and was described as rather lackluster, with results only slightly exceeding downwardly revised earnings estimates.
Among the fund's holdings, Bravida is highlighted as the company significantly improved profit margins and noted an uptick in business activity. Furthermore, the fund is described as having a relatively large exposure to small-cap companies, which had a negative impact on relative returns.
Regarding portfolio activity, the largest purchases were made in SCA and Asker, while the largest divestments were seen in Thule and Leröy Seafood.
In terms of the fund's allocation and the outlook for the stock market ahead, the managers remain positive on development and point to several strengthening factors.
"We kept the equity allocation unchanged at around 70 percent as we anticipate a continued positive market. Drivers are primarily an improving economic climate that will boost corporate earnings, but further interest rate cuts by the US Federal Reserve are also expected to contribute positively," the managers write.
The fund's largest holdings at month-end were Investor, Nordea Bank, and Alfa Laval, with portfolio weights of 6.0, 4.9, and 4.7 percent, respectively.
The fund had its largest geographical exposure to Sweden with a weight of 75.1 percent, followed by Finland and Norway with exposures of 11.0 and 6.2 percent, respectively.
| Lannebo Mixfond, % | February, 2026 |
| Fund MM, change in percent | 1.8 |
| Index MM, change in percent | 2.5 |
| Fund YTD, change in percent | 1.4 |
| Index YTD, change in percent | 3.9 |
