Fjord Defence Group Ownership

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

Recent Insider Transactions

OB:DFENS Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
22 Sep 25	BuyNOK 16	Tigerstaden AS	Company		1.08	NOK 15.12

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 DFENS?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	364,936	0.94%
Institutions	5,361,566	13.8%
Private Companies	8,127,440	20.9%
General Public	24,977,065	64.3%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 114.2%.

Top Shareholders

Top 21 shareholders own 35.68% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5.09%	Investeringsfondet Viking AS	1,976,469	NOK 26.5m	0%	100.0%
4.41%	F2 Funds AS	1,711,942	NOK 23.0m	0%	no data
3.49%	Tigerstaden AS	1,354,168	NOK 18.2m	0%	3.85%
2.42%	Alden AS	938,782	NOK 12.6m	0%	no data
2.24%	F1 Funds As	871,369	NOK 11.7m	0%	no data
2%	DNB Asset Management AS	775,000	NOK 10.4m	0%	no data
1.72%	Principal Vermoegensverwaltung AG	666,666	NOK 8.9m	0%	0.64%
1.71%	SIX Group Ltd	665,833	NOK 8.9m	0%	0.13%
1.66%	Ginny Invest AS	645,852	NOK 8.7m	0%	no data
1.37%	Urtiven As	533,333	NOK 7.2m	0%	no data
1.36%	Ballista As	526,936	NOK 7.1m	0%	no data
1.36%	Em Kapital AS	526,404	NOK 7.1m	0%	no data
1.23%	Philip Holding AS	479,186	NOK 6.4m	0%	no data
1.04%	King Kong Invest AS	404,167	NOK 5.4m	0%	no data
1.01%	Livermore Invest AS	391,088	NOK 5.2m	0%	no data
0.93%	- Johansson	361,441	NOK 4.8m	0%	no data
0.86%	TTC-Invest AS	333,333	NOK 4.5m	0%	1.49%
0.66%	Nordnet AB (publ)	255,930	NOK 3.4m	0%	0.03%
0.56%	Hmh Invest AS	218,163	NOK 2.9m	0%	no data
0.55%	Q Capital AS	214,385	NOK 2.9m	0%	no data
0.009%	Nina Skage	3,495	NOK 46.9k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/26 13:54
End of Day Share Price	2025/10/24 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

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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

Fjord Defence Group ASA is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.