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
25 Apr 25	BuySEK 375,000	Timothy Benjamin	Individual		10,000	SEK 37.50
25 Apr 25	BuySEK 401,800	Peter Kruk	Individual		10,000	SEK 40.18

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 NCAB?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	3,902,350	2.09%
Individual Insiders	6,203,890	3.32%
General Public	66,361,358	35.5%
Institutions	110,503,522	59.1%

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

Top Shareholders

Top 25 shareholders own 63.79% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
6.72%	Carnegie Fonder AB	12,564,058	SEK 588.5m	0%	1.25%
6.59%	Andra AP-fonden	12,327,920	SEK 577.4m	0%	0.66%
5.99%	Anicom Holdings, Inc.	11,200,000	SEK 524.6m	0%	no data
5.67%	Fourth Swedish National Pension Fund (AP4)	10,592,331	SEK 496.1m	0%	0.26%
5.12%	Swedbank Robur Fonder AB	9,566,274	SEK 448.1m	2.91%	0.03%
4.93%	SEB Investment Management AB	9,212,132	SEK 431.5m	0%	0.08%
3.62%	The Vanguard Group, Inc.	6,760,162	SEK 316.6m	0%	no data
3.35%	Montanaro Asset Management Ltd.	6,272,454	SEK 293.8m	0%	1.62%
3.01%	Invesco Ltd.	5,620,735	SEK 263.3m	48.7%	0.01%
2.8%	AMF Fonder AB	5,242,370	SEK 245.6m	0%	0.07%
2.09%	Gogoy AB	3,902,350	SEK 182.8m	0%	no data
2%	Joh. Berenberg, Gossler & Co. KG	3,744,861	SEK 175.4m	0%	0.83%
1.82%	Premier Fund Managers Ltd.	3,394,021	SEK 159.0m	0%	0.23%
1.46%	Hans Ramel	2,735,000	SEK 128.1m	0%	no data
1.28%	Capital Research and Management Company	2,385,584	SEK 111.7m	0%	no data
1.23%	Janus Henderson Group plc	2,305,846	SEK 108.0m	0%	no data
1.14%	BlackRock, Inc.	2,131,258	SEK 99.8m	6.47%	no data
1.09%	Hans Ståhl	2,038,600	SEK 95.5m	0%	no data
0.89%	Dimensional Fund Advisors LP	1,667,784	SEK 78.1m	-4.84%	no data
0.78%	Danske Bank A/S	1,461,595	SEK 68.5m	0%	0.04%
0.7%	DNB Carnegie Investment Bank AB	1,301,681	SEK 61.0m	0%	0.8%
0.46%	Allianz Asset Management GmbH	860,875	SEK 40.3m	0%	no data
0.45%	DNCA Finance	836,639	SEK 39.2m	0%	0.05%
0.36%	Evli Fund Management Company Ltd.	675,678	SEK 31.6m	0%	0.08%
0.25%	Anna Lothsson	476,500	SEK 22.3m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/03 16:24
End of Day Share Price	2026/01/02 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

NCAB Group AB (publ) is covered by 8 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
Johan Skoglund	DNB Carnegie