Zealand Pharma Ownership

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

Recent Insider Transactions

LSE:0NZU Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
21 Dec 24	BuyDKK 236,460	Leonard Kruimer	Individual		331	DKK 720.00
08 Nov 24	SellDKK 1,273,500	Anneline Nansen	Individual		1,500	DKK 850.00

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 0NZU?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	223,830	0.318%
VC/PE Firms	7,115,191	10.1%
General Public	27,367,390	38.9%
Institutions	35,696,298	50.7%

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

Top Shareholders

Top 25 shareholders own 57.4% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.1%	Van Herk Investments B.V.	7,115,191	DKK 2.9b	3.49%	67.38%
6.25%	Capital Research and Management Company	4,400,863	DKK 1.8b	0%	0.01%
4.88%	Avoro Capital Advisors LLC	3,438,184	DKK 1.4b	0%	3.0%
4.46%	Polar Capital Holdings Plc	3,138,798	DKK 1.3b	0%	0.6%
4.4%	Perpetual Limited	3,095,511	DKK 1.3b	0%	2.82%
4.19%	The Vanguard Group, Inc.	2,951,473	DKK 1.2b	0.55%	no data
3.19%	FMR LLC	2,247,238	DKK 926.8m	-1.76%	0.01%
2.8%	Pictet Asset Management Limited	1,973,664	DKK 813.9m	0%	0.09%
2.21%	Norges Bank Investment Management	1,552,848	DKK 640.4m	-15.4%	0.01%
2.16%	BlackRock, Inc.	1,518,916	DKK 626.4m	1.19%	no data
2.15%	Baillie Gifford & Co.	1,513,793	DKK 624.3m	0%	0.04%
1.65%	Handelsbanken Asset Management	1,161,357	DKK 478.9m	0%	0.1%
1.39%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	975,816	DKK 402.4m	0%	0.01%
1.32%	Invesco Ltd.	927,391	DKK 382.5m	106%	0.01%
1.27%	Bank of America Corporation, Asset Management Arm	894,738	DKK 369.0m	0%	0.01%
0.74%	UBS Asset Management AG	519,995	DKK 214.4m	0.29%	no data
0.57%	Dimensional Fund Advisors LP	400,941	DKK 165.3m	-29.8%	no data
0.54%	T. Rowe Price Group, Inc.	381,265	DKK 157.2m	-6.14%	no data
0.52%	Medical Strategy GmbH, Asset Management Arm	368,365	DKK 151.9m	0%	1.52%
0.51%	ClearBridge Investments, LLC	355,693	DKK 146.7m	-24.6%	0.02%
0.49%	Bi Asset Management FondsmÆGlerselskab A/S	344,893	DKK 142.2m	0%	0.14%
0.45%	J O Hambro Capital Management Limited	319,000	DKK 131.6m	0%	0.16%
0.41%	Nordea Investment Management, AB	289,628	DKK 119.4m	0%	0.01%
0.38%	Danske Capital Denmark	267,603	DKK 110.4m	0%	0.07%
0.37%	ID-Sparinvest, Filial af Sparinvest S.A., Luxembourg	257,815	DKK 106.3m	0%	0.12%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/09/14 19:27
End of Day Share Price	2025/09/12 00:00
Earnings	2025/06/30
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

Zealand Pharma A/S is covered by 31 analysts. 15 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
Yihan Li	Barclays
Kerry Holford	Berenberg
Laura Hindley	Berenberg