Shareholder	Number of shares*	Proportion of equity,%	Proportion of votes,%
Backahill AB	52,108,718	15.8	15.8
Länsförsäkringar Funds	11,073,962	3.4	3.4
Vanguard	10,510,213	3.2	3.2
BlackRock	10,289,233	3.1	3.1
Handelsbanken Funds	9,041,408	2.7	2.7
Nordea Funds	8,596,644	2.6	2.6
Mats Qviberg with family	7,133,790	2.2	2.2
E.N.A City Aktiebolag	6,430,000	1.9	1.9
Folksam	6,341,334	1.9	1.9
Norges Bank	6,302,960	1.9	1.9
APG Asset Management	6,161,124	1.9	1.9
Third Swedish National Pension Fund	5,672,919	1.7	1.7
Fourth Swedish National Pension Fund	5,352,362	1.6	1.6
AFA Insurance	4,617,048	1.4	1.4
Columbia Threadneedle	3,604,850	1.1	1.1
Total 15 largest shareholders	153,236,565	46.4	46.4
Total no. of shares outstanding	314,577,096	95.1	95.1
Treasury shares	16,206,048	4.9	4.9
Total no. of registered shares	330,783,144	100	100

*Per 31 December 2022. The verification date may vary for foreign shareholders. 

Source: Holdings by Modular Finance AB. Data compiled and processed from various sources, including, Euroclear, Morningstar, Swedish Financial Supervisory Authority.

Largest increases**

Shareholder	Number of shares**	Equity & votes,%	Increase,%
Norges Bank	1,411,024	1.90	29
Avanza Pension	541,783	0.34	95
Case Kapitalförvaltning	148,000	0.05	New
Carnegie Funds	100,000	0.33	10
Kärnavfallsfonden	85,479	0.07	54

Largest decrease**

Shareholder	Number of shares**	Equity & votes,%	Decrease, %
Cliens Funds	-776,858	0.03	-90
DNB Asset Management	-138,886	0.01	-86
Heitman	-97,479	0.01	-73
SEB Funds	-88,095	0,54	-5
PGGM Pensioenfonds	-80,824	0.53	-4

** 2022-10-31 to 2022-11-30.

Compiled and processed data by Monitor. Sources: Euroclear, Morningstar, Swedish Financial Supervisory Authority, Nasdaq and Millistream.