De Nederlandsche Bank published new statistics showing that Dutch households’ securities portfolios fell slightly in the first quarter of 2025. Total holdings of listed shares, investment fund shares and bonds stood at EUR 188.9 billion at end-March, down from EUR 189.7 billion in the previous quarter (-0.4%, revised figures), with relatively high losses on technology stocks. Investment fund holdings declined modestly, while listed share holdings were broadly flat as price gains on European investments partly offset losses on tech stocks. Bond holdings rose 17% to EUR 6.5 billion, almost entirely driven by net household purchases (96% of the increase). Within equities, households held EUR 11.9 billion in 13 major domestic and international tech companies at end-quarter, down 15% from EUR 13.9 billion, mainly due to falling share prices (-EUR 1.9 billion) and, for large US tech firms, negative currency effects (-EUR 207 million) as the euro appreciated against the US dollar, despite net tech share purchases of EUR 31 million. DNB also set the figures in context, noting that households hold substantially more in savings accounts with Dutch banks (EUR 497.4 billion) and payment accounts (EUR 111 billion) than in securities portfolios.
De Nederlandsche Bank 2025-05-21
De Nederlandsche Bank data show Dutch household portfolio investments dip to EUR 188.9 billion in Q1 2025 amid sharp tech stock losses
De Nederlandsche Bank reported a slight decline in Dutch households' securities portfolios in Q1 2025, totaling EUR 188.9 billion, down 0.4% from the previous quarter. Losses were primarily in technology stocks, while bond holdings increased by 17% to EUR 6.5 billion, driven by net household purchases. Despite the decline in securities, households maintain significantly higher balances in savings and payment accounts.