UPM-Kymmene Oyj Ownership

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

Recent Insider Transactions

HLSE:UPM Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
02 Feb 24	Buy€302,504	Henrik Ehrnrooth	Individual		10,000	€30.42
02 Feb 24	Buy€99,988	Topi Manner	Individual		3,370	€29.67

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 UPM?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	138,525	0.026%
Individual Insiders	5,928,974	1.11%
Institutions	248,088,226	46.5%
General Public	279,168,321	52.3%

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

Top Shareholders

Top 25 shareholders own 35.31% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
4.59%	BlackRock, Inc.	24,463,793	€813.4m	1.5%	0.02%
3.91%	The Vanguard Group, Inc.	20,851,795	€693.3m	1.25%	0.01%
2.57%	Fidelity International Ltd	13,730,250	€456.5m	-2.15%	0.21%
2.55%	Norges Bank Investment Management	13,589,944	€451.9m	-1.78%	0.04%
2.52%	Janus Henderson Group plc	13,451,476	€447.3m	1.36%	0.21%
2.16%	Canada Pension Plan Investment Board	11,507,000	€382.6m	0%	0.28%
1.68%	Ilmarinen Pension Insurance Co. Ltd, Asset Management Arm	8,958,528	€297.9m	7.53%	3.1%
1.61%	Varma Mutual Pension Insurance Company, Asset Management Arm	8,599,564	€285.9m	-14.6%	2.16%
1.5%	Swedbank Robur Fonder AB	8,007,147	€266.2m	-1.75%	0.23%
1.2%	Union Asset Management Holding AG	6,389,096	€212.4m	-2.86%	0.18%
1.13%	Invesco Ltd.	6,044,337	€201.0m	0%	0.06%
1.09%	State Street Global Advisors, Inc.	5,820,131	€193.5m	-7.09%	0.01%
0.92%	Elo Mutual Pension Insurance Company, Asset Management Arm	4,892,000	€162.7m	17.9%	2.79%
0.91%	Dws Investment Gmbh	4,859,020	€161.6m	-4.35%	0.11%
0.82%	Antti Herlin	4,360,000	€145.0m	2.59%	no data
0.81%	M&G Investment Management Limited	4,341,204	€144.3m	0%	0.32%
0.79%	Amundi Asset Management SAS	4,233,908	€140.8m	5.22%	0.03%
0.76%	Columbia Management Investment Advisers, LLC	4,079,693	€135.7m	4.52%	0.03%
0.63%	Geode Capital Management, LLC	3,369,332	€112.0m	1.41%	0.01%
0.56%	SEB Investment Management AB	2,975,720	€98.9m	0.88%	0.22%
0.54%	Valtion Elakerahasto - State Pension Fund	2,900,000	€96.4m	11.5%	6.79%
0.54%	Dimensional Fund Advisors LP	2,858,982	€95.1m	-1.19%	0.02%
0.51%	Capital Research and Management Company	2,739,541	€91.1m	-16.4%	no data
0.5%	Northern Trust Global Investments	2,664,324	€88.6m	-4.17%	0.02%
0.49%	Svenska litteratursällskapet i Finland r.f., Endowment Arm	2,621,521	€87.2m	0.17%	19.49%