Pareto reshuffles portfolio: adds six, drops six ahead of October

Swedish investment firm Pareto made six changes to its portfolio, adding Camurus, Hanza, RVRC, Asmodee, Bilia, and Stille while removing Assa Abloy, Coffee Stain, Kinnevik, Note, SKF, and SCA. The moves reflect a sector rotation toward healthcare, gaming, and retail, and away from industrial and conglomerate names. The changes are routine portfolio management, with no stated rationale, but signal a shift in conviction among Nordic investors.