Nasdaq CSD has published the list of the 20 largest shareholders of (most) listed companies as of the end of August. Below you will find a summary showing the list for each company, along with month-on-month and year-to-date changes, as well as information on turnover and price development.
As before, the summary includes an overview of purchases and sales by the eight largest pension funds by company. Note that this is a rough approximation based on each company's VWAP during the month, and that a few companies are missing from the summary (ALVO, AMRQ, HAMP, ISF, JBTM, OCS).
NOTE - DUE TO THE MERGER OF ALMENNI PENSION FUND AND LÍFSVERK, YEAR-TO-DATE CHANGES FOR THE FUND ARE MEASURED FROM THE END OF JANUARY ONLY.
A new foreign equity fund enters HAGA's shareholder list: Virtus KAR Emerging Markets Small-Cap Fund now holds a 0,85% stake.
Ívar ehf. has officially become BRIM's fourth largest shareholder after BRIM's acquisition of Lýsi hf.
Lýður Guðmundsson, through Frigus Invest, now holds the largest single-owner stake in both ARION (2,74%) and KVIKA (5,55%). Every larger position on either list belongs to a pension fund or a vehicle with multiple owners.
Gildi Pension Fund was again the largest seller, cutting 0,59pp in ARION, 0,65pp in EIK, 0,12pp in ISB and 1,17pp in REITIR.
The eight largest pension funds were net sellers of ISKbn 1,8 in the month, against ISKbn 8,1 in July. Frjálsi Pension Fund was the largest buyer at ISKm 754, adding in EIK, ISB and KALD.
Concentration rose almost across the board, with the top-20 stake increasing in 18 of the 20 companies covered. After BRIM (+5,21pp), the largest increases were in KVIKA (+1,5pp), FESTI (+1,2pp) and SKEL (+0,9pp).
In case the attachment above stops working, the summary is also available here.
Pension fund flows by company in August (ISKm). AKKUR estimate based on changes in shares and monthly VWAP.
As the table shows, whether pension funds were net buyers or net sellers last month varied by company (and by fund).