| Company | Share of NAV | Fair Value (MSEK) |
| Zalando | 42% | 45 334 |
| Tele2 | 22% | 23 724 |
| Livongo | 15% | 15 861 |
| Global Fashion Group | 4% | 4 465 |
| VillageMD | 3% | 3 434 |
| Babylon | 2% | 2 470 |
| MatHem | 1% | 1 242 |
| Other | 8% | 8 316 |
| Portfolio value | 104 846 | |
| Total Net Asset Value | 107 885 |
Net Asset Value
Composition of Kinnevik's NAV per 30 September 2020