Holdings

Equities portfolio

Industrivärden’s equities portfolio is made up of large shareholdings in Handelsbanken, Sandvik, SCA, SSAB, Ericsson, Volvo, Skanska, Indutrade, Höganäs and Munters, all of in which Industrivärden serves as a long-term active owner. The companies are characterized by leading positions in selected market segments, industry-leading positions and a substantial share of international business.
Latest published equities portfolio (values in percent) can be found underneath.

Strategy

Industrivärden creates value through active ownership and a professional investment operation. Active ownership is based on Industrivärden’s model for value creation in its portfolio companies. The investment operation is built upon a structured process of continuous analysis of existing and potential holdings.

Clear investment criteria

Adhering to the business mission of creating shareholder value based on a professional investment operation and active ownership, Industrivärden works according to the following investment criteria:

• Investments in midcap and large cap listed Nordic companies.
• Focus on business models that can be applied in several markets and with a good ability to generate growth in cash flow.
• Major potential for value appreciation through active ownership.
• Ownership interests that enable significant influence.
• Concentration on a limited number of holdings.

Every investment is analyzed with respect to its potential for value appreciation. Quantitative goals are evaluated on a continuous basis, as are possible forms of a future exit. Major emphasis is put on making continuous comparisons against long-term investments in other listed companies. Investments are made within the framework of Industrivärden’s overall portfolio strategy, they are not dependent on any particular sector, and they are evaluated continuously with a 5–8 year time horizon.