| Company | Share of NAV | Fair Value (MSEK) |
| Zalando | 42% | 30 814 |
| Tele2 | 35% | 25 440 |
| Livongo | 4% | 2 968 |
| Babylon | 4% | 2 808 |
| Global Fashion Group | 2% | 1 945 |
| Betterment | 2% | 1 315 |
| Bayport | 2% | 1 110 |
| Other | 11% | 7 830 |
| Portfolio value | 74 230 | |
| Total Net Asset Value | 73 295 |
Net Asset Value
Composition of Kinnevik's NAV per 31 December 2019