Development in foreign ownership on the Swedish stock exchange Q3 2026
Development in foreign ownership on the Swedish stock exchange Q3 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 continued to show resilience in Q3 2026. On Nasdaq Main Market Sweden, the Large Cap segment led the way with an increase of 0.5 percentage points, reaching 37.7%, its highest level since early 2022.
On the sector side, Discretionaries continued its upward trend, setting a new record high of 34.8%, overtaking Raw materials as the sector with the highest foreign ownership. Meanwhile, the Materials sector declined for a fifth straight quarter to 16.0%, making it the sector with the lowest foreign ownership.
| List | Foreign Capital Q3 2026 | Foreign Capital Q3 2025 | Delta |
| Large Cap | 37.7% | 37.2% | +0.5% |
| Mid Cap | 30.4% | 30.9% | -0.5% |
| Small Cap | 21.7% | 21.8% | -0.1% |
| First North | 22.1% | 21.6% | +0.5% |
| Spotlight SE | 13.1% | 12.2% | +0.9% |
| NGM Main Market | 19.1% | 23.4% | -4.3% |
| NGM Growth Market | 15.1% | 13.5% | +1.6% |
| Sector | Foreign Capital Q3 2026 | Foreign Capital Q3 2025 | Delta |
| Discretionaries | 34.8% | 32.6% | +2.2% |
| Raw materials | 33.6% | 32.4% | +1.2% |
| Materials | 16.0% | 20.4% | -4.4% |
| Industry | 23.2% | 21.9% | +1.3% |
| Health care | 23.5% | 21.7% | +1.8% |
| Services | 22.1% | 22.7% | -0.6% |
| Telecom & Media | 26.0% | 26.7% | -0.7% |
| Information technology | 20.8% | 19.8% | +1.0% |
| Trading & Goods | 25.0% | 24.2% | +0.8% |
| Real estate | 16.1% | 16.3% | -0.2% |
| Finance | 23.1% | 24.1% | -1.0% |
| Energy & Environment | 16.9% | 15.6% | +1.3% |