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Stocks•30 April 2026•

1 min read

Sweden's Alecta Rebalances Tech Portfolio: Trims Alphabet, Increases Broadcom Stake

Key Facts

1Alecta Pensionsforsakring reduced its stake in Alphabet Inc. Class A by 653,500 shares.

2The Swedish pension fund significantly increased its position in Broadcom Inc. by purchasing 398,900 shares.

3Alphabet's market cap reached $4228.2 billion with a year-to-date price performance of 11.83%.

Swedish pension fund Alecta Pensionsforsakring has executed a strategic rebalancing of its technology holdings, notably reducing its stake in Alphabet Inc. Class A by 653,500 shares. Simultaneously, the fund significantly bolstered its position in Broadcom Inc. by acquiring an additional 398,900 shares. This capital rotation suggests a tactical shift within the AI and cloud infrastructure sectors, favoring Broadcom's free-cash-flow outlook. Alphabet currently maintains a massive market capitalization of $4228.2 billion, supported by a year-to-date price performance of 11.83%. While the fund trimmed its Alphabet exposure, both companies continue to hold strong ratings due to sustained demand for AI-driven solutions. This institutional move highlights a broader trend of portfolio optimization among major European asset managers seeking to capitalize on semiconductor growth.