The National Bank of Denmark has released new statistics on Danish households’ holdings of Danish and foreign securities, showing that foreign securities reached DKK 667 billion in 2025 and exceeded households’ Danish securities (DKK 549 billion) from mid-2025, partly driven by large price increases in US equities. The holdings are look-through adjusted to include investments made via Danish investment funds. New tables in the statistics database attribute changes in holdings to transactions, price moves and exchange-rate effects. Foreign price gains of DKK 92 billion were partly offset by an exchange-rate loss of DKK 40 billion, mainly linked to a weaker US dollar, while Danish securities recorded a DKK 43 billion price loss; total household securities holdings ended 2025 at DKK 1,216 billion, almost unchanged from the previous year. The central bank also introduced two new datasets, DNVP1 and DNVP2, which for the first time include foreign securities and exchange-traded funds and provide ownership and holdings breakdowns for households and the insurance and pension sector, including securities held through investment funds.
National Bank of Denmark 2026-01-29
National Bank of Denmark publishes new securities holdings data as households’ foreign investments overtake Danish at DKK 667bn
The National Bank of Denmark reported that Danish households' foreign securities holdings reached DKK 667 billion in 2025, surpassing domestic holdings due to US equity price increases. New datasets, DNVP1 and DNVP2, now include foreign securities and exchange-traded funds, offering detailed ownership and holdings data for households and the insurance and pension sector.