Who Owns Volvo?
Updated onExplore the ownership hierarchy of Volvo. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Volvo
Volvo is a Swedish automotive and industrial group (AB Volvo) that manufactures trucks, buses, construction equipment, and marine and industrial engines worldwide, and shares the Volvo brand with separately owned Volvo Cars.
Volvo appears to be independent with no known parent company.
Volvo
Volvo is a Swedish automotive and industrial group (AB Volvo) that manufactures trucks, buses, construction equipment, and marine and industrial engines worldwide, and shares the Volvo brand with separately owned Volvo Cars.
Volvo appears to be independent with no known parent company.
Major Shareholders
Volvo
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
AB Industrivärden Swedish investment company; identified as Volvo's largest shareholder with about 9.62% of AB Volvo's share capital after buying 1.9 million B shares in October 2025, and holding around 28% of the voting rights at year‑end 2024 via a large concentration in Series A shares. | Corporate | 9.6% | — | Oct 2025 |
Geely Sweden Holdings AB (Zhejiang Geely Holding Group) European holding vehicle for China's Zhejiang Geely Holding Group; Geely's stake in AB Volvo is reported at about 4.4% of share capital after divesting B shares in 2024, and about 14.7% of the votes at year‑end 2024, making it the second‑largest owner by voting power. | Corporate | 4.4% | 14.7% | Dec 2024 |
AMF Fonder AB Swedish pension and mutual fund manager; among the largest institutional shareholders in AB Volvo with roughly 2.9% of the shares in late 2025, mainly via B shares. | Institutional | 2.9% | — | Dec 2025 |
Alecta Pension Insurance Mutual Major Swedish occupational pension provider; significant institutional shareholder in AB Volvo with just over 2.1% of the shares as of late 2025. | Institutional | 2.1% | — | Dec 2025 |
Nordea Investment Management AB Asset‑management arm of Nordea Bank; holds roughly 1.5% of AB Volvo’s shares, making it one of the largest institutional investors. | Institutional | 1.5% | — | Dec 2025 |
Första AP-fonden (AP1) Sweden’s First National Pension Fund; a state pension fund holding about 1.5% of AB Volvo’s shares as of late 2025. | Government | 1.5% | — | Dec 2025 |
Carnegie Fonder AB Swedish fund manager; owns roughly 1.3% of AB Volvo’s shares through its equity funds. | Institutional | 1.3% | — | Dec 2025 |
Norges Bank Investment Management Manager of Norway’s Government Pension Fund Global; holds about 1.2% of AB Volvo’s shares as a long‑term sovereign investor. | Government | 1.2% | — | Dec 2025 |
Storebrand Asset Management AS Norwegian asset manager Storebrand’s investment arm; among AB Volvo’s larger institutional holders with just over 1.0% of the shares. | Institutional | 1.1% | — | Dec 2025 |
Government Pension Investment Fund (Japan) Japan’s public pension fund (GPIF); holds around 0.62% of AB Volvo’s shares via its global equity portfolio. | Government | 0.6% | — | Dec 2025 |
Skandia Investment Management AB Swedish asset manager; smaller but notable institutional shareholder in AB Volvo with just under 0.6% ownership as of late 2025. | Institutional | 0.6% | — | Dec 2025 |
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