The PriorNilsson Sverige Aktiv fund rose 2.82 percent in May, underperforming its benchmark index which gained 3.37 percent. Since the turn of the year, the fund has returned 9.7 percent, outperforming the index which has increased by 7.2 percent, according to the monthly report.

The largest positive contributions came from Ericsson, Nokia, and Hexagon. The primary detractors were Alfa Laval, Axfood, and Sandvik.

Ericsson continued its strong performance during the month while maintaining its share buyback program. Nokia also performed well, and the holding was divested during the period. Conversely, Axfood continued to trend lower following its first-quarter report.

During the month, the fund increased its positions in Hexagon, Skanska, and Epiroc. Holdings in Investor, H&M, and Handelsbanken were reduced.

Octave was added as a new holding, and the position was increased following its spin-off from Hexagon.

The fund's largest holdings at month-end were Alfa Laval, Atlas Copco, and Ericsson, with weightings of 9.4, 9.1, and 8.9 percent, respectively.

PriorNilsson Sverige Aktiv, %May, 2026
Fund MoM, percentage change2.82
Index MoM, percentage change3.37
Fund YTD, percentage change9.7
Index YTD, percentage change7.2