Andra AP fonden Reduces Target Corporation Stake

Institutional investor cuts holding in retailer by 98.1% in Q3

Published on Mar. 2, 2026

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Andra AP fonden, a Swedish pension fund, decreased its position in shares of Target Corporation (NYSE:TGT) by 98.1% in the 3rd quarter, according to a recent SEC filing. The institutional investor now owns just 3,319 shares of the retailer's stock, valued at $298,000 as of its latest disclosure.

Why it matters

This significant reduction in Andra AP fonden's Target holdings suggests a shift in the fund's investment strategy and outlook on the retailer. As a large institutional investor, changes in Andra AP fonden's portfolio can provide insights into broader market sentiment around Target.

The details

According to the filing, Andra AP fonden sold 168,581 shares of Target stock during the third quarter, leaving it with a much smaller position of just 3,319 shares. The pension fund had previously held a much larger stake in the retailer.

  • Andra AP fonden decreased its Target position in the 3rd quarter of 2026.

The players

Andra AP fonden

A Swedish pension fund that previously held a significant stake in Target Corporation.

Target Corporation

A major U.S. retailer headquartered in Minneapolis, Minnesota.

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The takeaway

Andra AP fonden's dramatic reduction in its Target holdings suggests the fund may have concerns about the retailer's near-term prospects, though the specific reasons behind the move are unclear. This development could signal broader market uncertainty around Target as the company navigates a challenging retail environment.