TIN Fonder

Carl Armfelt and Erik Sprinchorn share portfolio management responsibilities. Both are founders and act as the named managers on all firm strategies. There is no external investment committee; all buy and sell decisions are made jointly by the two principals.

TIN Fonder is a public equities manager. It invests exclusively in listed companies, primarily on Nasdaq Stockholm, Nasdaq First North, and other Nordic exchanges. It does not make private, unlisted investments. Its ownership stakes are large enough that it occasionally operates like a minority activist, but all positions are in publicly traded securities.

TIN Fonder does not publicly disclose real-time AUM for individual funds. Based on reported net flows and fund performance, total firm assets are estimated in the range of SEK 1 billion to SEK 5 billion. The flagship TIN Ny Teknik fund accounts for the majority of those assets.

The firm launched TIN World Tech in 2022, a global technology fund, marking its first mandate beyond the Nordics. The flagship TIN Ny Teknik fund remains exclusively Nordic-listed. The newer strategy targets global small- and mid-cap technology companies but retains the same concentrated, active-ownership approach.

The firm practices active ownership. Carl Armfelt has written public letters to management and boards of companies including Sinch and Embracer Group, criticizing strategy, capital allocation, or governance. The firm seeks board representation when its ownership stake warrants it and uses its platform as one of the most-followed Swedish tech investors to influence outcomes both privately and through the financial press.