FAM AB


Foundation Asset Management 'AB' is a Swedish asset management company, founded by the three largest Wallenberg foundations in order to manage their assets, by means of direct ownership as well as through management and consultancy agreements. It is chaired by Marcus Wallenberg who also chairs Wallenberg Investments AB, which is the holding company that directly owns FAM AB.
These foundations and their donations are administered and handled through a subsidiary. The Wallenberg Foundations refers to 16 non-profit foundations founded by members of the Wallenberg family which makeup what is described in Sweden as the Wallenberg ecosystem.

Ownership and structure

FAM AB is owned by Wallenberg Investments AB, a company that is fully owned by the three largest Wallenberg foundations consisting of the following:
The Wallenberg Foundations benefit from all dividends earned by Wallenberg Investments AB, of which 80% is then funneled in grants by the foundations and 20% is reinvested via Wallenberg Investments AB.
The Wallenbergs, through FAM AB, were major shareholders of Swedish flag carrier SAS since 1946, controlling a stake of 7.5% of the company. Their stake in the company ended as part of the airline's restructuring after the COVID-19.

Largest holdings as of 31 December 2023

Sources:
  • SKF – SEK 13.7 billion
  • Stora Enso – SEK 11.1 billion
  • Munters – SEK 8.4 billion
  • Kopparfors Skogar – SEK 10 billion
  • Höganäs – SEK 5.8 billion
  • Grand Group – Unlisted
.