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Ownership structure

Ownerlist top 15
Owner distribution by holdings
Owner distribution by country
Owner types - detailed
# Owner TEL2 A TEL2 B TEL2 C Capital Votes Δ Capital Verified
1 Freya Investissement 8 233 965 129 379 154   19,84% 27,09%   2025-12-23
2 BlackRock   41 452 924   5,98% 5,30% -0,02% 2025-12-31
3 Vanguard   24 665 588   3,56% 3,16%   2025-11-30
4 Norges Bank Investment Management   14 465 238   2,09% 1,85% 0,01% 2025-12-23
5 Handelsbanken Fonder   13 483 248   1,94% 1,73% -0,02% 2025-12-31
6 Folksam   12 228 890   1,76% 1,56%   2025-12-23
7 Swedbank Robur Fonder   7 777 476   1,12% 1,00% -0,01% 2025-12-31
8 JPMorgan Asset Management   7 272 710   1,05% 0,93%   2025-12-31
9 Avanza Fonder   6 503 861   0,94% 0,83% -0,06% 2025-12-31
10 Storebrand Asset Management   5 718 828   0,82% 0,73% -0,01% 2025-12-31
11 Avanza Pension 16 381 5 566 509   0,80% 0,73%   2025-12-23
12 State Street Investment Management   5 333 463   0,77% 0,68% -0,02% 2025-12-31
13 Amundi   4 971 965   0,72% 0,64% 0,16% 2025-12-31
14 SEB Funds   4 903 815   0,71% 0,63%   2025-12-23
15 Nordea Funds   4 805 160   0,69% 0,61% 0,01% 2025-12-23
Owner list top 15   8 250 346 288 528 829 0 42,79% 47,47% 0,03%  
Treasury shares   0 590 005 2 100 000 0,00% 0,00% 0,00%  
Other   1 533 056 395 219 361 0 57,21% 52,53% -0,03%  
Total   9 783 402 684 338 195 2 100 000 100,00% 100,00%    
Holding size Shares Capital Votes Number of known owners Share of known owners
1 - 100 1 744 648 0,25% 0,29% 48 540 44,12%
101 - 200 2 234 080 0,32% 0,34% 14 666 13,33%
201 - 300 2 211 591 0,32% 0,34% 8 624 7,84%
301 - 400 2 092 498 0,30% 0,32% 5 876 5,34%
401 - 500 2 239 290 0,32% 0,33% 4 778 4,34%
501 - 1,000 8 852 383 1,28% 1,29% 11 613 10,56%
1,001 - 2,000 11 056 132 1,59% 1,57% 7 574 6,88%
2,001 - 5,000 16 566 623 2,39% 2,32% 5 166 4,70%
5,001 - 10,000 12 294 957 1,77% 1,67% 1 698 1,54%
10,001 - 20,000 10 169 535 1,47% 1,40% 728 0,66%
20,001 - 50,000 12 000 017 1,73% 1,55% 374 0,34%
50,001 - 100,000 9 071 434 1,31% 1,20% 130 0,12%
100,001 - 500,000 34 496 671 4,97% 4,99% 154 0,14%
500,001 - 1,000,000 25 990 684 3,75% 3,31% 35 0,03%
1,000,001 - 5,000,000 127 962 966 18,45% 16,15% 53 0,05%
5,000,001 - 10,000,000 38 189 228 5,51% 4,91% 6 0,01%
10,000,001 -  243 909 007 35,17% 40,69% 6 0,01%
Unknown holding size 132 449 848 19,10% 17,34% 0 0,00%
Total 696 221 597 100,00% 100,00% 110 021 100,00%
Country TEL2 A TEL2 B TEL2 C Capital Votes Number of known owners Share of known owners
Sweden 1 473 064 182 652 467 0 26,55% 25,24% 107 746 97,93%
France 8 235 916 144 756 831 0 22,06% 29,03% 92 0,08%
United States 1 916 124 062 623 0 17,89% 15,69% 188 0,17%
Norway 2 400 25 655 741 0 3,70% 3,28% 230 0,21%
United Kingdom 4 581 18 974 636 0 2,74% 2,40% 120 0,11%
Other 21 722 55 239 437 0 7,97% 7,01% 1 640 1,49%
Unknown country 43 803 132 996 460 2 100 000 19,10% 17,34% 5 0,00%
Total 9 783 402 684 338 195 2 100 000 100,00% 100,00% 110 021 100,00%
Owner type Shares Capital Votes Number of known owners Share of known owners
Fund company 237 999 872 34,32% 30,39% 268 0,24%
- Swedish 45 196 570 6,52% 5,78% 23 0,02%
- Foreign 192 803 302 27,80% 24,61% 245 0,22%
Other 146 928 252 21,19% 28,34% 2 857 2,60%
- Swedish 8 631 694 1,24% 1,15% 1 859 1,69%
- Foreign 138 296 316 19,94% 27,19% 994 0,90%
Private Individuals 86 812 365 12,52% 12,62% 106 071 96,41%
- Swedish 85 372 152 12,31% 12,41% 105 099 95,53%
- Foreign 1 440 045 0,21% 0,21% 971 0,88%
Pension & Insurance 56 658 951 8,17% 6,99% 77 0,07%
- Swedish 30 883 431 4,45% 3,96% 27 0,02%
- Foreign 25 775 520 3,72% 3,03% 50 0,05%
State, municipal & county 19 889 485 2,87% 2,54% 13 0,01%
- Swedish 1 503 557 0,22% 0,19% 7 0,01%
- Foreign 18 385 928 2,65% 2,35% 6 0,01%
Foundation 12 347 167 1,78% 1,74% 733 0,67%
- Swedish 12 092 475 1,74% 1,70% 729 0,66%
- Foreign 254 692 0,04% 0,03% 4 0,00%
Investment & PE 445 652 0,06% 0,06% 2 0,00%
- Swedish 445 652 0,06% 0,06% 2 0,00%
Treasury Shares 0 0,00% 0,00% 0 0,00%
Unknown owner type 132 449 848 19,10% 17,34% 0 0,00%
Total 696 221 597 100,00% 100,00% 110 021 100,00%

As of 31 December, 2025

Source: Monitor by Modular Finance AB. Compiled and processed data from various sources, including Euroclear, Morningstar and the Swedish Financial Supervisory Authority (Finansinspektionen).