Carlsberg Ownership

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

Recent Insider Transactions

LSE:0AI4 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
14 Nov 24	BuyDKK 2,000,304	Henrik Poulsen	Individual	2,773	DKK 721.35
05 Nov 24	BuyDKK 743,860	Magdi Batato	Individual	1,000	DKK 743.86
23 Aug 24	BuyDKK 153,080	Soren-Peter Olesen	Individual	200	DKK 765.40
15 Aug 24	BuyDKK 777,220	Magdi Batato	Individual	1,000	DKK 777.22

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 0AI4?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	15,273	0.0116%
Company Controlled Foundation	39,779,723	30.1%
General Public	44,468,931	33.7%
Institutions	47,814,660	36.2%

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

Top Shareholders

Top 25 shareholders own 59.48% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
30.1%	Carlsberg Foundation, Endowment Arm	39,779,723	DKK 37.1b	-1.59%	no data
7.6%	Capital Research and Management Company	10,041,265	DKK 9.4b	-7.37%	0.07%
3.92%	BlackRock, Inc.	5,172,512	DKK 4.8b	0%	0.01%
2.88%	The Vanguard Group, Inc.	3,804,229	DKK 3.5b	1.33%	0.01%
2.54%	Massachusetts Financial Services Company	3,349,727	DKK 3.1b	0.06%	0.1%
1.76%	Norges Bank Investment Management	2,318,096	DKK 2.2b	0%	0.02%
1.69%	Deutsche Asset & Wealth Management	2,228,628	DKK 2.1b	-0.16%	0.08%
1.15%	JP Morgan Asset Management	1,512,542	DKK 1.4b	6.94%	0.02%
0.9%	Amundi Asset Management SAS	1,190,980	DKK 1.1b	-0.02%	0.03%
0.85%	Nordea Investment Management, AB	1,127,218	DKK 1.1b	-1.24%	0.1%
0.85%	Dimensional Fund Advisors LP	1,123,854	DKK 1.0b	-3%	0.02%
0.57%	Invesco Ltd.	752,133	DKK 701.4m	-0.08%	0.03%
0.55%	Geode Capital Management, LLC	721,578	DKK 672.9m	-0.53%	0.01%
0.49%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	648,191	DKK 604.5m	31.7%	0.02%
0.42%	Lazard Asset Management LLC	557,626	DKK 520.0m	-53.8%	0.07%
0.36%	FMR LLC	474,294	DKK 442.3m	4.14%	no data
0.36%	Bi Asset Management FondsmÆGlerselskab A/S	474,027	DKK 442.1m	0.05%	0.47%
0.35%	Danske Bank A/S, Asset Management Arm	459,549	DKK 428.6m	0.06%	0.19%
0.34%	Janus Henderson Group plc	452,145	DKK 421.6m	-17.8%	0.03%
0.34%	Beutel Goodman & Company Ltd.	445,784	DKK 415.7m	18.3%	0.29%
0.33%	Handelsbanken Asset Management	441,024	DKK 411.3m	10.3%	0.08%
0.31%	AllianceBernstein L.P.	415,233	DKK 387.2m	-1.97%	0.02%
0.27%	Lord, Abbett & Co. LLC	362,508	DKK 338.0m	0%	0.16%
0.27%	ID-Sparinvest, Filial af Sparinvest S.A., Luxembourg	356,663	DKK 332.6m	9.9%	0.36%
0.27%	Pictet Asset Management Limited	350,869	DKK 327.2m	1.91%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/12 10:28
End of Day Share Price	2025/05/09 00:00
Earnings	2024/12/31
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

Carlsberg A/S is covered by 56 analysts. 19 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
null null	ABG Sundal Collier
Anthony Bucalo	Banco Santander
Alexandra Oldroyd	Barclays