At the outset, the fund managers note that the fund's exposure to the banking sector contributed positively, as bank stocks performed strongly. This may have been due to rising long-term interest rates and increased risk premiums linked to the government's growing borrowing needs.
The managers also highlight AstraZeneca as a positive contributor, with more investors taking note of the company's robust pipeline for the coming years.
Ericsson and Hexagon were among the month's largest negative contributors.
The managers emphasize that Hexagon was weighed down by several analyses expressing concern about the company's long-term growth prospects, which put pressure on the stock.
At the end of the month, the fund's net equity exposure stood at 72.3 percent.
The fund's largest holdings at the turn of the month were Atlas Copco, Alfa Laval, and Ericsson, with weights of 9.0, 8.8, and 7.2 percent, respectively.
| PriorNilsson Idea, % | November, 2025 |
| Fund MM, change in percent | -0.36 |
| Fund YTD, change in percent | 3.1 |
