NCAB Group Ownership

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

Recent Insider Transactions

OM:NCAB Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
03 Aug 26	BuySEK 327,500	Timothy Benjamin	Individual		5,000	SEK 65.50
04 Jun 26	BuySEK 595,000	Timothy Benjamin	Individual		7,000	SEK 85.00

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of NCAB?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	6,212,670	3.32%
Private Companies	12,704,010	6.79%
General Public	60,557,067	32.4%
Institutions	107,497,493	57.5%

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

Top Shareholders

Top 25 shareholders own 65.31% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.1%	Carnegie Fonder AB	17,013,911	SEK 1.2b	0%	2.42%
5.99%	Anicom Holdings, Inc.	11,200,000	SEK 804.2m	0%	no data
5.32%	Swedbank Robur Fonder AB	9,939,100	SEK 713.6m	0%	0.04%
4.96%	SEB Funds AB	9,276,361	SEK 666.0m	0%	0.12%
4.81%	Fourth Swedish National Pension Fund (AP4)	9,000,000	SEK 646.2m	-15%	0.21%
4.8%	Andra AP-fonden	8,969,030	SEK 644.0m	-7.96%	0.58%
3.82%	Vanguard Capital Management, LLC	7,139,988	SEK 512.7m	3.22%	no data
3.35%	Montanaro Asset Management Limited	6,272,454	SEK 450.4m	0%	no data
3.15%	Invesco Ltd.	5,885,513	SEK 422.6m	0%	0.01%
2.8%	AMF Fonder AB	5,242,370	SEK 376.4m	0%	0.09%
2.5%	C WorldWide Asset Management Fondsmaeglerselskab A/S	4,666,596	SEK 335.1m	0%	0.42%
2.09%	Gogoy AB	3,902,350	SEK 280.2m	0%	no data
1.66%	Joh. Berenberg, Gossler & Co. KG	3,107,086	SEK 223.1m	0%	1.02%
1.46%	Hans Ramel	2,735,000	SEK 196.4m	0%	no data
1.39%	BlackRock, Inc.	2,592,684	SEK 186.2m	14.9%	no data
1.33%	Montanaro European Smaller Companies Trust Plc	2,483,561	SEK 178.3m	0%	no data
1.15%	Janus Henderson Group Ltd.	2,152,598	SEK 154.6m	0%	0.01%
1.09%	Hans Ståhl	2,038,600	SEK 146.4m	0%	no data
1.05%	Financiere de l'Echiquier	1,957,051	SEK 140.5m	0%	0.14%
0.86%	Dimensional Fund Advisors LP	1,603,006	SEK 115.1m	3.16%	no data
0.64%	Waystone Management Company (IE) Limited	1,198,866	SEK 86.1m	0%	0.17%
0.58%	Allianz Asset Management GmbH	1,085,500	SEK 77.9m	4.8%	0.01%
0.53%	Herald Investment Trust Plc	999,198	SEK 71.7m	0%	no data
0.48%	DNCA Finance	891,227	SEK 64.0m	0%	0.06%
0.41%	DNB Carnegie Investment Bank AB	766,120	SEK 55.0m	0%	0.56%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/10 02:15
End of Day Share Price	2026/08/10 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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

NCAB Group AB (publ) is covered by 7 analysts. 4 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
Robert Redin	Carnegie Investment Bank AB
Jacob Edler	Danske Bank
Robert Redin	DNB Carnegie