Among the largest positive contributors were Kitron, Attendo, Enity Holding, AQ Group, Arctic Falls, and Intrum. The most significant price increases were recorded in Kitron, Intrum, and Arctic Falls.
The largest negative impacts came from Swedish acquisition companies such as OEM International, Beijer & Alma, Karnell Group, and MedCap, as well as from CTT Systems and Mycronic. These companies ended 2025 on a weak note and have started 2026 even weaker, in an environment of declining valuations and reduced buying interest, which, according to the fund, has likely been exacerbated by continued outflows from small-cap funds.
During the month, the fund increased its holdings in AQ Group, Attendo, Berner Industrier, CTT Systems, Elekta, Inission, Mycronic, Rusta, Scandic Hotels, and Sobi Biovitrum.
Holdings were reduced in Arjo, Asker Healthcare, Beijer & Alma, Karnell, Kitron, MedCap, Note, and OEM International.
Medicover was added as a new holding during the period. At the same time, Intrum was completely divested from the portfolio.
The fund's largest holdings at the end of the month were Ambea, Mycronic, and Karnell Group, with weights of 6.8, 6.6, and 5.6 percent, respectively.
| PriorNilsson Evolve, % | January, 2026 |
| Fund MM, change in percent | -4.85 |
| Index MM, change in percent | -4.13 |
