contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


investor-ab-to-utilize-mandate-to-repurchase-shares-3

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Investor is a Swedish investment and holding company that manages shareholdings and wholly owned companies through long-term ownership and active board involvement. The company invests in listed companies, unlisted businesses and private equity funds, and collaborates with management teams to create value in markets internationally. Investor was founded in 1916 and is headquartered in Stockholm, Sweden.

I checked the box “3.5% of the wife’s portfolio”. The only reason for the low weighting is that the recently started accumulation program has been on hold due to the rapid rise in price.

Investor states that its management model is based on its network (nätverk), by which they mean that they know top executives on a global scale when recruiting board members for their portfolio companies. It can be flattering when a Wallenberg calls and proposes a discussion about a board membership. It is at this very stage that the family exercises its tangible power. After that, Investor’s CEO represents the family, communicating with the appointed board members about operational matters. “When you have chosen a capable board member, don’t micromanage. Trust.”

Yes – that was exactly my point. Jacob Wallenberg, Marcus Wallenberg, and Peter Wallenberg Jr. are all senior figures who have had impressive careers related to Investor. Due to the natural cycle of life, their time in the business world is coming to an end, and a new generation of Wallenbergs is stepping in. Of course, the company’s CEO is an outsider, and there are an incredible number of other top professionals. However, if we are honest, ultimate power still rests with family representatives, both within Investor itself, on the boards of its portfolio companies, and in Swedish business more broadly. When looking at Investor’s most central portfolio companies, Jacob Wallenberg, Marcus Wallenberg, and Peter Wallenberg Jr. have been Investor’s representatives on the boards of these companies for the last 15–20 years. In Investor’s profile, the most essential work is done precisely behind the scenes of individual companies, bringing the perspective of a key owner to the decision-making. That is what long-term ownership is, and Investor has historically been excellent at it. Those are big shoes that someone needs to fill. In Investor’s case, it would be ideal if those individuals belonged to the family, as has often been the case until now. There is a different depth to decision-making when it is not just about one’s own job, but about much larger things.

The CEO there is not a Wallenberg. Of the 13 people on the board, 3 are Wallenbergs, including the chairman Jacob Wallenberg (70y). So expertise will come from elsewhere than just within the family.

I started buying last year, and it’s now my largest holding at about a 16% weight. I intend to increase the weight to around 25% over the longer term. I view this as diversification against US and AI stocks, and as a better alternative to a Europe ETF. To some extent, one blindly trusts management’s ability to develop the portfolio companies, but the long-term share price performance is also quite something. If this were to go completely south, you know what, those Swedes would lose even more!

I bought Investor before the turn of the millennium after reading an article about the company in a magazine, not an investment publication. According to it, Investor’s share is the Swedish royal family’s largest and long-term investment, and the stock has been the most profitable on the Stockholm Stock Exchange over the last hundred-year period. When I then looked into the stock’s valuation, I was surprised that the price was cheaper than the value of the shares Investor owned, even without the unlisted holdings. I immediately made a large 300 kSEK purchase and since then I have just followed the trend growth of the share price and dividends. There has been one split, and today the value of the position exceeds 300 kEUR. Buy and hold from here on as well. The company’s discount relative to the value of its holdings has narrowed, but I would argue that the Wallenbergs’ management is not a cost but added value.

I’ve been a long-time believer in Investor myself, but I have now liquidated my position. The portfolio’s valuation multiples are starting to be quite tight, and at the same time, the discount to NAV has disappeared, which is to some extent historic. As the portfolio is heavily concentrated, the benefit gained from Investor decreases somewhat when the performance of a single company (ABB) becomes so significant anyway. Investor is also not an investor that would cash out on its weaker return expectations and move capital to more attractive places; instead, it remains a steadfast owner in its portfolio companies. In that sense, it differs from, for example, BH, which does under certain circumstances cash out its listed holdings and reallocates capital to new places. I also wouldn’t be completely at ease regarding the new generation of Wallenbergs, as there really isn’t a track record yet, even though the family has historically been good at this. Who knows what kind of AI hype fanatics might have grown up there. I suppose the main point of investing in Investor is to get into the same boat as an excellent owner. At the moment, I see the most attractive option as following the portfolio companies, and if an attractive buying opportunity opens up in one of them, one could seize it. At least you’d know the company has a high-quality owner.

Investor

The Annual General Meeting of Investor 2026 authorized the company's Board to resolve on the purchase of the company's own shares. The shares may be purchased in order to, among other things...

The Annual General Meeting of Investor 2026 authorized the company's Board to resolve on the purchase of the company's own shares. The shares may be purchased in order to, among other things, secure the obligations and hedge the costs related to Investor's long-term variable remuneration program for employees within Investor and to the synthetic shares issued as part of the Board remuneration. Investor's Board has now decided to utilize the authorization for these purposes.The purchase of own shares may take place on Nasdaq Stockholm prior to June 16, 2026 at a price not higher than the higher of the price of the last independent trade and the highest current independent purchase bid, and not lower than the lowest price at which an independent purchase can be made. Investor currently owns 4,925,139 class B shares and the maximum number of shares that may be purchased amounts to 250,000 class B shares.<div></div>