National Bank of Denmark publishes top 20 shareholding data showing households concentrate nearly 60 per cent of direct listed equity holdings in 20 stocks

The National Bank of Denmark has published new securities statistics showing that Danish households’ direct holdings of listed shares are concentrated in a small number of companies. The top 20 shares account for almost 60 per cent of the DKK 487 billion of listed shares that households own directly, led by Danish names including Novo Nordisk, Danske Bank and DSV. When households’ holdings through Danish investment funds are added, the top 20 shares account for 44 per cent of total listed shareholdings, based on DKK 813 billion of holdings, and U.S. shares move higher in the ranking. By comparison, the insurance and pension sector’s top 20 shares account for 27 per cent of the listed shares it owns directly and through Danish investment funds, with U.S. shares dominating that list. The release also adds a new website feature showing the top 20 shares held by households and by the insurance and pension sector. Holdings in foreign investment funds, which total DKK 124 billion for households, are excluded because the National Bank of Denmark does not collect the underlying securities data needed to identify the individual shares held through those funds.