Metsä Board Oyj Ownership

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

Recent Insider Transactions

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

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

Top 25 shareholders own 75.67% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
51.9%	Metsäliitto Cooperative	184,269,752	€1.4b	0%	no data
4.86%	Varma Mutual Pension Insurance Company, Asset Management Arm	17,245,029	€128.3m	0%	1.0%
2.75%	Ilmarinen Pension Insurance Co. Ltd, Asset Management Arm	9,770,635	€72.7m	0%	0.82%
1.94%	Dimensional Fund Advisors LP	6,882,943	€51.2m	0.03%	0.01%
1.9%	Erkki Etola	6,750,000	€50.2m	0%	no data
1.77%	The Vanguard Group, Inc.	6,291,085	€46.8m	0.72%	no data
1.54%	BlackRock, Inc.	5,476,727	€40.7m	-3.24%	no data
1.33%	Tapiola Asset Management Ltd.	4,708,000	€35.0m	0%	1.81%
1.24%	Norges Bank Investment Management	4,391,626	€32.7m	0%	no data
1.2%	OP Varainhoito Oy	4,263,253	€31.7m	0%	0.36%
0.96%	Valtion Elakerahasto - State Pension Fund	3,400,000	€25.3m	0%	1.93%
0.56%	Evli Fund Management Company Ltd.	1,986,347	€14.8m	0%	0.47%
0.54%	Sp-Rahastoyhtiö Oy	1,909,243	€14.2m	0%	0.74%
0.51%	Ilkka Hamala	1,818,566	€13.5m	0%	no data
0.37%	Nordea Investment Management, AB	1,319,500	€9.8m	0%	0.01%
0.37%	Danske Capital Denmark	1,311,871	€9.8m	0%	0.05%
0.32%	Etola Kristian	1,150,000	€8.6m	0%	no data
0.24%	Aktia Asset Management Oy AB	854,841	€6.4m	0%	0.5%
0.23%	Arpera Oy	822,855	€6.1m	0%	no data
0.2%	First Trust Advisors LP	709,758	€5.3m	-6.51%	0.01%
0.19%	Handelsbanken Asset Management	689,542	€5.1m	0%	0.01%
0.18%	BNY Mellon Asset Management	630,925	€4.7m	249%	no data
0.18%	Seligson & Co Rahastoyhtio Oy	623,448	€4.6m	0%	0.2%
0.17%	Charles Schwab Investment Management, Inc.	616,277	€4.6m	2.95%	no data
0.16%	WisdomTree Asset Management, Inc.	583,733	€4.3m	0%	0.03%