Öhman

What Öhman does

Öhman is a privately held, family-owned investment holding company founded in 1906 and headquartered in Stockholm, Sweden. The company operates with 62 employees under three generations of family ownership and reports more than SEK 1,200 billion in managed and administered assets across its holdings, with SEK 70+ billion in core holding market value and a 10-year IRR exceeding 20%. Öhman holds three core Nordic financial services investments: Nordnet (22% stake, the Nordic region's largest digital platform for savings and investments with 2 million active customers and SEK 1,000+ billion in assets under administration), Lannebo (approximately 65% stake, the Nordic region's largest independent asset management firm with SEK 250 billion in assets under management across 50 equity and fixed income funds), and an investment portfolio valued at SEK 4 billion comprising private equity funds, direct private investments, and an 18% stake in listed investment company VNV Global.

The company's revenue model is structured as an investment holding company, generating income from dividends on its core holdings, capital appreciation on the investment portfolio, and indirect participation in management fees from subsidiary asset management operations. Öhman does not publicly disclose pricing or revenue in the traditional sense. Customers are reached indirectly through Nordnet's direct-to-consumer digital platform (active across Sweden, Norway, Denmark, and Finland) and through Lannebo's fund distribution to institutional and retail investors via direct sales and financial intermediaries. The segmentation approach is horizontal, serving both individual investors and fund investors through separate subsidiary brands.

In November 2023, Öhman acquired the majority stake in Lannebo Fonder, followed by the September 2024 merger of Lannebo and Öhman Fonder, consolidating Nordic fund management under a single platform. The company is supported by a lean corporate team managing active ownership across its holdings, with no disclosed technology stack or proprietary platform architecture at the holding company level. Reporting and awards activity (including consecutive Morningstar Best Fund Company awards in 2022 and 2023) is concentrated at the Öhman Fonder subsidiary level rather than the holding company itself.

Name

Öhman

Legal name

E. Öhman J:or AB

Website

https://ohmanholding.se

Company type

Private

Founded year

1906

Operating status

Operating

Headcount range

51–100 employees

Short description

Öhman is a Swedish family-owned investment holding company founded in 1906, holding 22% of Nordnet (Nordic digital savings platform with 2 million customers), approximately 65% of Lannebo (Nordic asset manager with SEK 250B AUM), and a SEK 4 billion investment portfolio.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (52591), All Other Financial Investment Activities (52399)

akta.pro primary industry

Private Client/High-Net-Worth Advisory (FSAEAAAN)

akta.pro secondary industries

Digital/Hybrid Private Wealth (Robo-Enabled HNW Service) (FSAAABAO), Managed Accounts & Unified Managed Accounts (UMAs) — Multi-Asset (FSAAAJAE)

Keywords

• Asset management services
• Savings and investments
• Wealth management platform
• Private equity investment
• Investment holding company

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Dividends from core holdings: Öhman generates revenue through dividends received from its core holdings including Nordnet (22% ownership) and Lannebo (~65% ownership).
2. Investment returns and capital gains: The company earns returns through appreciation in value of its investment portfolio including private equity funds, direct investments in unlisted assets, and 18% stake in VNV Global.

Distribution channels2 records

Marketing channels5 records

Core offering

Öhman is a long-term investment holding company that operates, manages, and invests in Nordic financial services businesses for the long term. Through its core holdings, it provides digital savings and investment platforms (Nordnet, 22% stake), independent active asset management (Lannebo, ~65% stake), and a diversified investment portfolio (SEK 4 billion) comprising private equity funds, direct investments in unlisted assets, and an 18% stake in VNV Global.

Product overview

Öhman is a long-term active investment holding company founded in 1906 and family-owned for three generations. The company operates through three main segments: Nordnet (digital savings/investment platform with 2 million customers and SEK 1000+ billion AUA), Lannebo (independent asset manager with SEK 250 billion AUM across 50 funds), and an Investment Portfolio (SEK 4 billion in private equity funds, private assets, and 18% stake in VNV Global). Together, Öhman manages and administers over SEK 1,200 billion in assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Nordnet Nordnet is the Nordic region's largest digital platform for savings and investments, offering online brokerage, savings accounts, and investment services. It operates across Sweden, Denmark, Norway, and Finland with over 2 million active customers and SEK 1000+ billion in total savings capital. Öhman holds approximately 22% ownership stake with a market cap of ~SEK 65 billion as of 2025-02-07.
• Lannebo Lannebo is the Nordic region's largest independent asset management firm, managing SEK 250 billion in assets across 50 equity and fixed income funds. It specializes in active management of equities, corporate bonds, and fixed income securities, distributing funds to institutional and retail investors through direct sales and financial intermediaries. Öhman holds approximately 65% ownership.
• Investment Portfolio (Investeringsportfölj) Diversified investment portfolio valued at SEK 4 billion, comprising 15+ private equity funds, direct investments in unlisted private assets, and an 18% stake in listed investment company VNV Global. Focuses on long-term ownership with primary investments in finance and growth sectors.

Quantifiable outcome

• 20% IRR over 10 years
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Investor AB: Largest Swedish-listed investment company with diversified holdings across financial services, healthcare, and industrials. Closely comparable to Öhman's long-term active ownership model applied at scale across Nordic and global listed/unlisted assets.
• Latour AB: Swedish family-controlled investment company with diversified holdings across industrials and services. Comparable to Öhman through its long-term active ownership, family control, and diversified Nordic portfolio approach.
• Industrivärden AB: Swedish investment company holding strategic stakes in Nordic listed companies with a long-term ownership philosophy. Comparable to Öhman's stake-driven model in Nordic listed financial-services firms and patient-capital approach.
• Ratos AB: Swedish investment company that acquires and develops Nordic operating businesses with active ownership. Comparable to Öhman in the Nordic ownership-and-active-development playbook, though more acquisition-led.
• Lundbergs AB: Swedish family-controlled investment company with multi-generational ownership and a portfolio concentrated in Nordic listed firms. Closely comparable to Öhman's three-generation family structure and long-term capital allocation philosophy.
• Kinnevik AB: Swedish investment company with a focus on consumer-facing and financial-services businesses across the Nordics and globally. Comparable to Öhman through its active, long-term ownership approach and exposure to financial services platforms.

Regional players

• Traction AB: Swedish smaller investment company with a portfolio of listed Nordic equities. Comparable to Öhman's listed-equity exposure and Swedish-domiciled holding structure, though smaller in scale.
• Svolder AB: Swedish smaller-cap investment company focused on listed Nordic equities. Comparable to Öhman's listed-equity holding exposure but more passive and concentrated in smaller Swedish companies.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ohmangruppen
• LinkedInlinkedin.com/company/ohmanholding

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Öhman