De Nederlandsche Bank has published new statistics showing Dutch households’ portfolio investments in securities surpassed EUR 200 billion for the first time in the third quarter of 2025, rising to EUR 204.7 billion. The quarterly increase of EUR 9.0 billion was largely driven by higher share prices, with technology stocks leading gains and ASML becoming the largest individual listed shareholding in household portfolios. Price effects dominated the change, while net purchases were EUR 433 million and exchange rate movements reduced valuations by EUR 157 million. Investment fund holdings rose 4.5% to EUR 128.5 billion and listed equities increased 5.4% to EUR 69.4 billion, while bond holdings stood at EUR 6.7 billion. ASML’s share price rose 22% over the quarter and households held EUR 4.4 billion of the stock at end-September despite net disposals of EUR 188 million, and the value of holdings in Prosus and large US tech names including Apple, NVIDIA, Alphabet and Tesla also rose by around 16%. DNB noted that households keep substantially more in savings accounts with Dutch banks (EUR 518.4 billion) and payment accounts (EUR 108.3 billion) than in securities portfolios.
De Nederlandsche Bank 2025-11-19
De Nederlandsche Bank statistics show Dutch households’ securities investments exceed EUR 200 billion for first time in Q3 2025
De Nederlandsche Bank reported Dutch households' portfolio investments in securities exceeded EUR 200 billion for the first time in Q3 2025, reaching EUR 204.7 billion, driven by rising share prices, particularly in technology stocks. ASML became the largest individual shareholding, with its share price increasing by 22% over the quarter. Despite this growth, households maintain significantly larger amounts in savings and payment accounts with Dutch banks.