Truecaller Ownership

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

Recent Insider Transactions

OM:TRUE B Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
14 Jan 26	BuySEK 111,281	Ben Zhang	Individual	6,425	SEK 17.32
13 Jan 26	BuySEK 87,500	Fredrik Kjell	Individual	5,000	SEK 17.50
12 Jan 26	BuySEK 89,350	Ben Zhang	Individual	5,000	SEK 17.87
09 Jan 26	BuySEK 90,100	Ola Espelund	Individual	5,000	SEK 18.02
07 Jan 26	BuySEK 175,000	Ben Zhang	Individual	10,000	SEK 17.50
19 Dec 25	BuySEK 185,300	Ben Zhang	Individual	10,000	SEK 18.53
15 Dec 25	BuySEK 69,993	Odd Bolin	Individual	3,930	SEK 17.81
15 Dec 25	BuySEK 269,978	Fatima Antonsson	Individual	15,286	SEK 17.81
15 Dec 25	BuySEK 100,016	Ben Zhang	Individual	5,575	SEK 17.94
29 Oct 25	BuySEK 195,000	Fredrik Kjell	Individual	6,500	SEK 30.00
21 Aug 25	BuySEK 46,609	Odd Bolin	Individual	1,000	SEK 48.20
14 Aug 25	BuySEK 1,046,250	Rishit Jhunjhunwala	Individual	22,500	SEK 46.50
18 Jul 25	BuySEK 164,700	Fredrik Kjell	Individual	2,700	SEK 61.00
18 Jul 25	BuySEK 119,800	Ola Espelund	Individual	2,000	SEK 59.90
16 Jun 25	SellSEK 1,880,200	Rishit Jhunjhunwala	Individual	28,000	SEK 67.15
13 Jun 25	SellSEK 3,595,752	Ola Espelund	Individual	53,700	SEK 66.96
12 Jun 25	SellSEK 3,236,177	Fredrik Kjell	Individual	48,330	SEK 66.96
12 Jun 25	SellSEK 3,415,964	Alan Mamedi	Individual	51,015	SEK 66.96
12 Jun 25	SellSEK 3,415,964	Nami Zarringhalam	Individual	51,015	SEK 66.96
08 May 25	BuySEK 230,180	Fredrik Kjell	Individual	3,400	SEK 67.70

Insider Trading Volume

Insider Buying: TRUE B insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TRUE B?
Owner Type	Number of Shares	Ownership Percentage
VC/PE Firms	17,289,585	5.14%
Individual Insiders	55,212,001	16.4%
Institutions	119,262,715	35.5%
General Public	144,422,708	43%

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

Top Shareholders

Top 25 shareholders own 63% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.14%	Alan Mamedi	27,378,319	SEK 449.0m	0%	no data
8.13%	Nami Zarringhalam	27,327,304	SEK 448.2m	0%	no data
8.01%	Handelsbanken Asset Management	26,942,118	SEK 441.9m	0%	0.09%
5.4%	SEB Investment Management AB	18,159,733	SEK 297.8m	810%	0.05%
5.14%	Malabar Investments, LLC	17,289,585	SEK 283.5m	0%	4.77%
4.96%	Forsta AP-fonden	16,665,686	SEK 273.3m	-14.3%	0.15%
4.84%	Swedbank Robur Fonder AB	16,262,174	SEK 266.7m	-22.5%	0.02%
3.3%	Futur Pension Försäkringsaktiebolag (publ.)	11,108,294	SEK 182.2m	0%	5.66%
3.2%	Kleiner Perkins Caufield & Byers	10,743,443	SEK 176.2m	0%	0.95%
2.93%	Peak XV Partners Operations LLC	9,850,927	SEK 161.6m	-71.7%	1.09%
2.93%	The Vanguard Group, Inc.	9,840,008	SEK 161.4m	-0.28%	no data
1.33%	BlackRock, Inc.	4,457,142	SEK 73.1m	5.45%	no data
1.06%	Dimensional Fund Advisors LP	3,552,032	SEK 58.3m	7.6%	no data
1.04%	American Century Investment Management Inc	3,511,391	SEK 57.6m	10.4%	no data
0.51%	Goldman Sachs Asset Management, L.P.	1,728,247	SEK 28.3m	236%	no data
0.44%	Mirabaud Asset Management Ltd.	1,467,000	SEK 24.1m	0%	0.24%
0.27%	JP Morgan Asset Management	895,982	SEK 14.7m	-26.7%	no data
0.23%	State Street Global Advisors, Inc.	774,705	SEK 12.7m	4.35%	no data
0.17%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	579,201	SEK 9.5m	22.5%	no data
0.17%	WCM Investment Management, LLC	565,533	SEK 9.3m	-2.41%	no data
0.17%	Causeway Capital Management LLC	564,829	SEK 9.3m	5.91%	no data
0.17%	Charles Schwab Investment Management, Inc.	557,368	SEK 9.1m	8.83%	no data
0.16%	Deutsche Asset & Wealth Management	537,383	SEK 8.8m	0%	no data
0.16%	Brock Milton Capital AB (publ)	531,105	SEK 8.7m	0%	0.05%
0.16%	Deka Investment GmbH	525,000	SEK 8.6m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/16 01:08
End of Day Share Price	2026/01/16 00:00
Earnings	2025/09/30
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

Truecaller AB (publ) is covered by 13 analysts. 6 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
Oscar Erixon	Carnegie Investment Bank AB
Paul Bradley	Citigroup Inc
Ramil Koria	Danske Bank