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Largest shareholders

Here you can find the list of Nordea's largest shareholders. The list is updated at the beginning of every month. 

Largest registered shareholders of Nordea as of end of January 2026

OwnersNumber of shares, millionPercent of Nordea   
BlackRock188.55.5%
Norges Bank Investment Management162.74.7%
Vanguard150.44.4%
Nordea Fonden139.54.1%
Cevian Capital*124.93.6%
Swedbank Robur Fonder67.42.0%
SEB Funds50.71.5%
Alecta Tjänstepension45.91.3%
Varma Mutual Pension Insurance Company40.01.2%
Amundi38.31.1%
Nordea Funds35.91.0%
JPMorgan Asset Management33.71.0%
State Street Investment Management32.10.9%
Handelsbanken Fonder26.30.8%
Ilmarinen Mutual Pension Insurance Company26.30.8%
Nordea Vinstandelsstiftelse24.90.7%
DWS Investments24.40.7%
Fidelity Investments (FMR)23.90.7%
Goldman Sachs Asset Management20.40.6%
Dimensional Fund Advisors18.20.5%
Avanza Pension18.00.5%
Government of Japan Pension Investment Fund17.70.5%
UBS Asset Management15.90.5%
OP Life Assurance Company Ltd15.80.5%
Nordea Bank Abp14.70.4%
Others2,07160.6%
Total number of outstanding shares**3,428100%

* Latest disclosed

** Nordea cancels own shares acquired through share buy-backs regularly. For the latest information on changes in the total number of shares see here.

Treasury shares:
Nordea holds 4,402,328 treasury shares for capital optimisation purposes and 10,299,096 treasury shares for remuneration purposes (31.01.2026). More information on share amounts can be found here.                                                      

Disclaimer: This information is aggregated on a monthly basis by Modular Finance AB from various sources such as Euroclear, Morningstar, Finansinspektionen, Nasdaq and Millistream and may not reflect the actual holdings of the shareholder on the given date. For the latest information on changes in major shareholdings see here.