Development in foreign ownership on the Swedish stock exchange Q3 2025

Each quarter Modular Finance publishes an overview of the development of foreign ownership on the Swedish stock exchange. Data is displayed per list and sector, with a comparison against the corresponding quarter last year.

List Foreign Capital Q3 2025 Foreign Capital Q3 2024 Delta
Large Cap 37.0% 36.6% +0.4%
Mid Cap 30.3% 32.0% -1.7%
Small Cap 20.6% 21.3% -0.7%
First North 21.8% 21.1% +0.7%
Spotlight SE 13.4% 12.3% +1.1%
Main Regulated Equity 7.9% 6.6% +1.3%
Nordic SME 16.7% 12.5% +4.2%
Sector Foreign Capital Q3 2025 Foreign Capital Q3 2024 Delta
Discretionaries 33.1% 30.0% +3.1%
Raw materials 33.3% 33.9% -0.6%
Materials 20.3% 21.8% -1.5%
Industry 22.4% 23.3% -0.9%
Health care 21.3% 21.9% -0.6%
Services 22.6% 22.9% -0.3%
Telecom & Media 25.7% 26.0% -0.3%
Information technology 20.3% 19.0% +1.3%
Trading & Goods 23.4% 22.5% +0.9%
Real estate 16.0% 17.2% -1.2%
Finance 24.3% 20.9% +3.4%
Energy & Environment 16.7% 18.5% -1.8%