| Company | Share of NAV | Fair Value (MSEK) |
| Zalando | 44% | 49 346 |
| Tele2 | 18% | 20 450 |
| Teladoc | 11% | 12 302 |
| Global Fashion Group | 7% | 7 688 |
| VillageMD | 4% | 4 842 |
| Babylon | 2% | 2 525 |
| MatHem | 1% | 1 315 |
| Other | 8% | 9 088 |
| Portfolio value | 107 556 | |
| Total Net Asset Value | 111 671 |
Net Asset Value
Composition of Kinnevik's NAV per 31 December 2020