| Company | Share of NAV | Fair Value (MSEK) |
| Zalando | 32% | 29 222 |
| Tele2 | 30% | 27 504 |
| Millicom | 20% | 17 972 |
| Babylon | 3% | 2 950 |
| Livongo | 2% | 2 170 |
| Global Fashion Group | 2% | 1 772 |
| Quikr | 2% | 1 703 |
| Other | 10% | 9 575 |
| Portfolio value | 92 868 | |
| Total Net Asset Value | 92 010 |
Net Asset Value
Composition of Kinnevik's NAV per 30 September 2019