Scandinavian Tobacco Group Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

CPSE:STG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
23 May 25	BuyDKK 165,490	Thomas Thomsen	Individual	2,000	DKK 83.50
27 Mar 25	BuyDKK 202,000	Thomas Thomsen	Individual	2,000	DKK 101.00
10 Mar 25	BuyDKK 515,300	Karsten Larsen	Individual	5,000	DKK 104.40

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of STG?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	580,004	0.737%
Hedge Funds	4,297,245	5.46%
Private Companies	19,683,594	25%
Institutions	22,949,376	29.1%
General Public	31,223,781	39.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 60.17% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
25%	Chr. Augustinus Fabrikker Aktieselskab	19,683,594	DKK 1.7b	0%	no data
10%	C.W. Obel A/S	7,873,438	DKK 698.4m	0%	no data
5.46%	Parvus Asset Management Jersey Limited	4,297,245	DKK 381.2m	0%	0.63%
5.37%	Capital Research and Management Company	4,226,410	DKK 374.9m	0%	no data
2.95%	Dimensional Fund Advisors LP	2,322,696	DKK 206.0m	0.78%	no data
2.53%	The Vanguard Group, Inc.	1,995,524	DKK 177.0m	15.2%	no data
1.6%	FMR LLC	1,256,179	DKK 111.4m	0.11%	no data
1.06%	Transamerica Asset Management, Inc.	834,928	DKK 74.1m	-0.36%	0.07%
1.02%	FundLogic SAS	802,819	DKK 71.2m	0%	0.48%
0.89%	Jupiter Fund Management Plc	700,109	DKK 62.1m	0%	0.03%
0.64%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	502,330	DKK 44.6m	38.8%	no data
0.64%	Assenagon Asset Management S.A.	500,282	DKK 44.4m	0%	0.01%
0.42%	Niels Frederiksen	330,691	DKK 29.3m	1.33%	no data
0.41%	Cambria Investment Management, L.P.	320,417	DKK 28.4m	0%	0.13%
0.38%	Charles Schwab Investment Management, Inc.	301,426	DKK 26.7m	-0.31%	no data
0.33%	Massachusetts Financial Services Company	257,522	DKK 22.8m	0%	no data
0.28%	SEI Investments Company	224,204	DKK 19.9m	-10.2%	no data
0.28%	PGIM, Inc.	216,516	DKK 19.2m	15.6%	no data
0.2%	Nordea Fund Management	158,295	DKK 14.0m	0%	0.04%
0.16%	State Street Global Advisors, Inc.	122,448	DKK 10.9m	20.5%	no data
0.14%	Henrik Brandt	112,670	DKK 10.0m	0%	no data
0.12%	Deutsche Asset & Wealth Management	91,658	DKK 8.1m	0%	no data
0.11%	Fideuram Asset Management (Ireland) DAC	83,834	DKK 7.4m	0%	no data
0.11%	LSV Asset Management	82,700	DKK 7.3m	0%	no data
0.093%	Marianne Bock	73,458	DKK 6.5m	2.92%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/19 07:15
End of Day Share Price	2025/11/19 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Scandinavian Tobacco Group A/S is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Niklas Ekman	Carnegie Investment Bank AB
Damian McNeela	Deutsche Bank
Jesper Ingildsen	DNB Carnegie