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Ten largest shareholders · 30 Jun 2026

45.2% of capital between them

#	Holder	Shares	Share of capital	Change
1	Försäkringsaktiebolaget Avanza Pension	11,790,688	11.5%	+0.2
2	Svenolov Hjaelmstad	8,128,162	7.9%	−0.4
3	Claes Mellgren	4,423,272	4.3%	+0.0
4	Veronica Wallman	4,133,233	4.0%	+0.0
5	Per Olof Andersson	3,703,481	3.6%	+0.0
6	Nordnet Pensionsförsäkring AB	3,579,629	3.5%	+0.1
7	Ulf Östberg	3,415,264	3.3%	+0.0
8	SEB Investment Management AB	3,271,367	3.2%	+0.5
9	Lennart Holm, privately and via company	2,120,330	2.1%	+0.0
10	Mikael Wandy Karlsson, privately and via company	1,827,673	1.8%	+0.0

Source: the company’s list of its largest shareholders, from Euroclear’s register, as of 30 Jun 2026 - open it. Change is in percentage points since the quarter before.

Share of capital by quarter

6 quarters

Holder	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Försäkringsaktiebolaget Avanza Pension	9.7%	9.7%	9.9%	10.0%	11.3%	11.5%
Svenolov Hjaelmstad	10.7%	10.1%	9.7%	8.7%	8.3%	7.9%
Claes Mellgren	2.1%	2.1%	2.1%	2.1%

Why the float matters

The largest holder is a pension insurer holding shares for its customers, and 54.8% of the capital sits outside the ten largest holdings. No institution is big enough to force a re-rating, and none is big enough to be forced out - which is exactly why the price can sit still while the operating case moves.

Reading the register