On January 12, 2026, I made a major shift in my largest occupational pension.

After nearly a decade as a 100% small-cap investor in Sweden and Europe, I sold everything and redirected the capital into American tech giants.

So far, it has been a very good decision. The portfolio is up approximately 13.7% since the reallocation.

Yesterday, both Dagens Industri and Privata Affärer wrote that billions in the small-cap segment of the premium pension are at risk and that certain funds may see significant outflows.

We don’t know exactly which funds they are referring to — but I’m very grateful that I got out ahead of the curve.