Development in foreign ownership on the Swedish stock exchange Q1 2026
Development in foreign ownership on the Swedish stock exchange Q1 2026
Each quarter Modular Finance publishes an overview of the development of foreign ownership on the Swedish stock exchange. Data is displayed per list and sector, with a comparison against the corresponding quarter last year.
“Foreign ownership on the Swedish exchange showed significant resilience in Q1 2026, particularly within the Small Cap segment, which rebounded to 21.5% after hitting a year low of 20.6% in Q4 2025.
While the Discretionaries sector cooled slightly from its record high of 33.6% to 33.0%, Telecom & Media emerged as the new growth leader with a notable +2.4% delta. In contrast, the Materials sector continued a steady decline, falling to 18.5% in Q1 2026 from 19.3% the previous quarter” says Harald Wigerstedt, Data Specialist at Modular Finance.
| List | Foreign Capital Q1 2026 | Foreign Capital Q1 2025 | Delta |
| Large Cap | 37.2% | 36.5% | +0.7% |
| Mid Cap | 30.9% | 30.6% | +0.3% |
| Small Cap | 21.5% | 21.4% | +0.1% |
| First North | 22.3% | 21.3% | +1.0% |
| Spotlight SE | 13.9% | 12.6% | +1.3% |
| Main Regulated Equity | 29.2% | 30.1% | -0.9% |
| Nordic SME | 14.6% | 14.0% | +0.6% |
| Sector | Foreign Capital Q1 2026 | Foreign Capital Q1 2025 | Delta |
| Discretionaries | 33.0% | 31.4% | +1.6% |
| Raw materials | 33.9% | 35.0% | -1.1% |
| Materials | 18.5% | 21.7% | -3.2% |
| Industry | 23.3% | 21.6% | +1.7% |
| Health care | 22.9% | 22.0% | +0.9% |
| Services | 22.6% | 22.9% | -0.3% |
| Telecom & Media | 27.6% | 25.2% | +2.4% |
| Information technology | 21.0% | 20.5% | +0.5% |
| Trading & Goods | 25.2% | 24.1% | +1.1% |
| Real estate | 16.8% | 16.5% | +0.3% |
| Finance | 23.5% | 24.1% | -0.6% |
| Energy & Environment | 16.6% | 15.5% | +1.1% |