Shareholder statistics, June 2023
Continued strong stock market led to increased shareholder wealth
Statistical news from Statistics Sweden and Swedish Financial Supervisory Authority 2023-08-31 8.00
A continued strong stock market in the first half of 2023 lifted the shareholder wealth. Despite this, shareholder wealth is not back at the peak level from the end of 2021. Since then, shareholder wealth has fallen by 23 percent.
Development during the first half of 2023 in brief
- Shareholder wealth increased in the first half of 2023 and amounted to SEK 10,431 billion at the end of June. Compared to the same period last year, shareholder wealth has increased by 12 percent.
- Women's median portfolio remains larger than men's and the difference has increased even further by SEK 2,000 during the first half of 2023.
- Individuals with an annual income of SEK 1,000,000 or more owned 64 percent of the household sector shareholder wealth at the end of June 2023, which is an increase of 9 percentage points in one year. Those with an annual income below SEK 500,000 owned 16 percent of the shareholder wealth.
During the first half of 2023, the stock market has continued to rise. The OMX Affärsvärlden General Index rose by 8.7 percent, while the OMX Stockholm 30 index, which refers to the 30 most traded and liquid shares in Sweden, rose by 13 percent. The total shareholder wealth of Swedish listed shares has consequently developed positively, with an increase from SEK 9,614 billion at the end of 2022 to SEK 10,431 billion at the end of June 2023.
Women median portfolio still worth more than men's
At the end of 2022, for the first time since the start of the time series, the median portfolio for women was higher than that of men. The difference between the women and men median portfolio was then SEK 2,000. In the first half of 2023, this gap has widened. At the end of June, women median portfolio was worth SEK 51,000 while men's was worth SEK 47,000.
There is a wide spread among women and men individual equity portfolios. The average is considerably larger than the median because there are relatively few individuals with large equity portfolios who drive up the average. Studying the median portfolio of men and women may be a more reliable measure from an overall perspective because the median takes into account the wide spread of portfolio values. However, when interpreting median portfolios, it should be considered that the median can also be affected by the distribution in individuals’ equity portfolios. For example, the median can be shifted downwards due to the addition of relatively more individuals with relatively smaller portfolios.
High-income earners increased their share of total shareholder wealth
At the end of the first half of 2023, those individuals whose annual income was SEK 1,000,000 or more owned 64 percent of total shareholder wealth in the household sector. This is an increase compared to the same period last year when they owned 55 percent. At the same time, the number of individuals who own shares and have an annual income of at least SEK 1,000,000 was the group that increased the most. These have increased by 27 percent compared to the end of June 2022, while those with an annual income of SEK 500,000 to 999,999 have increased by 1.2 percent and those with an annual income of up to SEK 499,999 have decreased by 8 percent.
North America's share of total foreign ownership at the highest level since the start of the time series
A large proportion of foreign ownership in companies listed on Swedish marketplaces is concentrated in North America. At the end of the first half of 2023, North American ownership amounted to 45 percent of total foreign ownership. This is the highest proportion since the start of the time series in 1999. North American holding in Swedish listed equities increased especially in 2021, but growth has slowed down over the past year.
Definitions and explanations
Information on the final owner is missing for nominee-registered ownership through Swedish nominees if the holding is less than 501 shares in a company. Because of this, these holdings are not included when household shareholdings are broken down by income and age. To address this, the difference between the number of issued shares and the number of securities with a known final-owner is imputed. The difference is distributed between the household sector and non-profit institutions serving households. At the end of June 2023, the imputed share in the household sector amounted to 13 percent of the total market value.
Information on foreign managers end customers is not available, as these are not included in the public registers of shareholders.
Swedish marketplaces refer to OMX Stockholm, Spotlight Stock Market, NGM and First North. Unlisted classes of shares in listed companies are also included. Shares in foreign companies listed on the aforementioned marketplaces are included in the statistics from the year 2000 and onwards.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.