LON:XDN0 Holdings List

As of May 31, 2025

No.	Symbol	Name	% Weight	Shares
1	CPH: NOVO.B	Novo Nordisk A/S	15.72%	3,098,977
2	SPOT	Spotify Technology S.A.	7.21%	147,557
3	STO: INVE.B	Investor AB (publ)	3.58%	1,658,143
4	CPH: DSV	DSV A/S	3.40%	196,637
5	HEL: NDA.FI	Nordea Bank Abp	3.22%	3,019,793
6	STO: VOLV.B	AB Volvo (publ)	3.10%	1,521,707
7	STO: ATCO.A	Atlas Copco AB (publ)	3.03%	2,573,920
8	STO: ASSA.B	ASSA ABLOY AB (publ)	2.23%	960,497
9	HEL: NOKIA	Nokia Oyj	1.95%	5,104,003
10	CPH: DANSKE	Danske Bank A/S	1.86%	663,623
11	STO: SEB.A	Skandinaviska Enskilda Banken AB (publ)	1.86%	1,520,925
12	HEL: SAMPO	Sampo Oyj	1.82%	2,320,511
13	CPH: NSIS.B	Novozymes A/S	1.75%	339,026
14	OSL: DNB	DNB Bank ASA	1.69%	858,341
15	STO: ERIC.B	Telefonaktiebolaget LM Ericsson (publ)	1.66%	2,662,541
16	STO: SAND	Sandvik AB (publ)	1.63%	1,020,494
17	STO: SWED.A	Swedbank AB (publ)	1.61%	812,773
18	ATCOB.ST	Atlas Copco AB Class B	1.56%	1,496,472
19	HEL: KNEBV	KONE Oyj	1.49%	325,383
20	STO: HEXA.B	Hexagon AB (publ)	1.47%	1,990,694
21	OSL: EQNR	Equinor ASA	1.38%	801,922
22	STO: SHB.A	Svenska Handelsbanken AB (publ)	1.37%	1,396,419
23	STO: ESSITY.B	Essity AB (publ)	1.25%	584,497
24	STO: SAAB.B	Saab AB (publ)	1.14%	306,845
25	CPH: VWS	Vestas Wind Systems A/S	1.13%	971,618
26	OSL: KOG	Kongsberg Gruppen ASA	1.09%	84,257
27	CPH: PNDORA	Pandora A/S	1.06%	78,894
28	HEL: UPM	UPM-Kymmene Oyj	1.04%	511,351
29	STO: EPI.A	Epiroc AB (publ)	1.04%	631,347
30	CPH: CARL.B	Carlsberg A/S	0.97%	91,911
31	CPH: GMAB	Genmab A/S	0.95%	61,692
32	STO: ALFA	Alfa Laval AB (publ)	0.86%	277,170
33	CPH: COLO.B	Coloplast A/S	0.86%	121,343
34	n/a	Deutsche Managed Euro Fund Z-Class	0.83%	948
35	STO: EVO	Evolution AB (publ)	0.77%	152,183
36	STO: EQT	EQT AB (publ)	0.77%	356,850
37	HEL: WRT1V	Wärtsilä Oyj Abp	0.71%	482,687
38	STO: LIFCO.B	Lifco AB (publ)	0.67%	223,428
39	OSL: TEL	Telenor ASA	0.66%	588,981
40	STO: TELIA	Telia Company AB (publ)	0.64%	2,255,117
41	STO: ADDT.B	Addtech AB (publ.)	0.63%	249,129
42	CPH: TRYG	Tryg A/S	0.62%	326,530
43	OSL: MOWI	Mowi ASA	0.61%	444,764
44	STO: BOL	Boliden AB (publ)	0.60%	262,215
45	STO: SCA.B	Svenska Cellulosa Aktiebolaget SCA (publ)	0.58%	581,612
46	STO: TEL2.B	Tele2 AB (publ)	0.57%	522,914
47	STO: HM.B	H & M Hennes & Mauritz AB (publ)	0.57%	543,738
48	STO: SKA.B	Skanska AB (publ)	0.57%	326,252
49	OSL: ORK	Orkla ASA	0.56%	673,058
50	STO: TREL.B	Trelleborg AB (publ)	0.55%	204,295

As of May 31, 2025

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