# Heavy machinery# Automobiles# Military Industries# Services# Infrastructure# Logistics
List of biggest shareholders Capital World Growth & Income Fund
Shares: 24.75M VOLV-B.ST
Date: Jun 30, 2026
Value ≈ $896,613,230
VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund
Shares: 23.15M VOLV-B.ST
Date: Apr 30, 2026
Value ≈ $838,488,951
Shares: 18.27M VOLV-B.ST
Date: Jun 30, 2026
Value ≈ $662,007,258
VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund
Shares: 15.07M VOLV-B.ST
Date: Mar 31, 2026
Value ≈ $546,113,873
iShares Trust-iShares Core MSCI EAFE ETF
Shares: 11.41M VOLV-B.ST
Date: Jun 30, 2026
Value ≈ $413,261,407
Fidelity Concord Street Trust-Fidelity International Index Fund
Shares: 5.98M VOLV-B.ST
Date: Jun 30, 2026
Value ≈ $216,478,419
iShares Trust-iShares MSCI EAFE ETF
Shares: 5.52M VOLV-B.ST
Date: Jun 30, 2026
Value ≈ $200,069,303
AMERICAN FUNDS GLOBAL BALANCED FUND
Shares: 4.76M VOLV-B.ST
Date: Jun 30, 2026
Value ≈ $172,460,111
Fidelity Salem Street TRT-Fidelity SAI Intl Value Index Fd.
Shares: 4.64M VOLV-B.ST
Date: Jun 30, 2026
Value ≈ $167,982,609
VANGUARD Intl Eqy. INDEX Fd.S-Vanguard European Stock Index Fd.
Shares: 3.77M VOLV-B.ST
Date: Apr 30, 2026
Value ≈ $136,473,593
VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund
Shares: 2.54M VOLV-A.ST
Date: Apr 30, 2026
Value ≈ $91,933,504
VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund
Shares: 1.9M VOLV-A.ST
Date: Mar 31, 2026
Value ≈ $68,671,577
VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund
Shares: 9.29M VOLCAR-B.ST
Date: Apr 30, 2026
Value ≈ $19,242,564
VANGUARD Intl Eqy. INDEX Fd.S-Vanguard European Stock Index Fd.
Shares: 502.75k VOLV-A.ST
Date: Apr 30, 2026
Value ≈ $18,213,375
SCHWAB STRATEGIC TRUST-Schwab International Equity ETF
Shares: 446.01k VOLV-A.ST
Date: May 31, 2026
Value ≈ $16,157,662
VANGUARD Intl Eqy. INDEX Fd.S-Vanguard FTSE All-World ex-US Index Fd.
Shares: 422.93k VOLV-A.ST
Date: Apr 30, 2026
Value ≈ $15,321,466
VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund
Shares: 6.14M VOLCAR-B.ST
Date: Mar 31, 2026
Value ≈ $12,724,823
DFA INVESTMENT DIMENSIONS GROUP INC-Intl Core Eqy. 2 PORT.
Shares: 313.53k VOLV-A.ST
Date: Apr 30, 2026
Value ≈ $11,358,281
SPDR INDEX SHARES Fd.S-State Street SPDR PORT. Developed World ex-US E
Shares: 244.58k VOLV-A.ST
Date: Jun 30, 2026
Value ≈ $8,860,415
VANGUARD WHITEHALL Fd.S-Vanguard Intl High Dividend Yield Index Fd.
Shares: 211.97k VOLV-A.ST
Date: Apr 30, 2026
Value ≈ $7,678,901
VANGUARD Intl Eqy. INDEX Fd.S-Vanguard Total World Stock Index Fd.
Shares: 199.49k VOLV-A.ST
Date: Apr 30, 2026
Value ≈ $7,227,039
SCHWAB STRATEGIC TRUST-Schwab Fundamental International Equity ETF
Shares: 195.73k VOLV-A.ST
Date: May 31, 2026
Value ≈ $7,090,607
SCHWAB STRATEGIC TRUST-Schwab Fundamental International Equity ETF
Shares: 2.47M VOLCAR-B.ST
Date: May 31, 2026
Value ≈ $5,126,681
Dimensional ETF Trust-Dimensional International Value ETF
Shares: 1.84M VOLCAR-B.ST
Date: Apr 30, 2026
Value ≈ $3,821,055
VANGUARD Intl Eqy. INDEX Fd.S-Vanguard European Stock Index Fd.
Shares: 1.53M VOLCAR-B.ST
Date: Apr 30, 2026
Value ≈ $3,173,930
VANGUARD Intl Eqy. INDEX Fd.S-Vanguard FTSE All-World ex-US Index Fd.
Shares: 1.45M VOLCAR-B.ST
Date: Apr 30, 2026
Value ≈ $3,007,665
SCHWAB STRATEGIC TRUST-Schwab International Equity ETF
Shares: 1.35M VOLCAR-B.ST
Date: May 31, 2026
Value ≈ $2,804,318
Shares: 73.75k VLVLY
Date: Jun 30, 2026
Value ≈ $2,668,130
First TRT Exch-Trd AlphaDEX Fd. II-First TRT Europe AlphaDEX Fd.
Shares: 727.5k VOLCAR-B.ST
Date: Jun 30, 2026
Value ≈ $1,507,284
Ativo Capital Management, LLC
Shares: 40.02k VLVLY
Date: Jun 30, 2026
Value ≈ $1,448,104
DFA INVESTMENT TRUST CO-The DFA International Value Series
Shares: 692.86k VOLCAR-B.ST
Date: Apr 30, 2026
Value ≈ $1,435,511
ETF Series Solutions-Vident International Equity Strategy ETF
Shares: 601.38k VOLCAR-B.ST
Date: May 31, 2026
Value ≈ $1,245,981
Trust for Professional Managers-ActivePassive International Equity ETF
Shares: 33.79k VLVLY
Date: May 31, 2026
Value ≈ $1,222,558
RBB Fund, Inc.-SGI Enhanced Global Income ETF
Shares: 20.82k VLVLY
Date: May 31, 2026
Value ≈ $753,339
Ultimus Managers Trust-Blueprint Adaptive Growth Allocation Fund
Shares: 17.34k VLVLY
Date: May 31, 2026
Value ≈ $627,397
Shares: 12.29k VOLV-A.ST
Date: Jun 30, 2026
Value ≈ $445,413
Shares: 8.11k VLVLY
Date: Jun 30, 2026
Value ≈ $293,528
Atlas Capital Advisors Inc
Shares: 7.85k VOLV-B.ST
Date: Jun 30, 2026
Value ≈ $284,275
Cozad Asset Management, Inc.
Shares: 6.22k VLVLY
Date: Jun 30, 2026
Value ≈ $225,148
Minot Deblois Advisors LLC
Shares: 3.35k VOLV-B.ST
Date: Jun 30, 2026
Value ≈ $121,361
Shares: 1.47k VOLV-B.ST
Date: Jun 30, 2026
Value ≈ $53,290
Shares: 1.42k VLVLY
Date: Jun 30, 2026
Value ≈ $51,267
PNC Financial Services Group, Inc.
Shares: 1.03k VLVLY
Date: Jun 30, 2026
Value ≈ $37,265
Shares: 4.66k VOLCAR-B.ST
Date: Jun 30, 2024
Value ≈ $9,649
Shares: 161 VLVLY
Date: Apr 30, 2026
Value ≈ $5,824
IMA Advisory Services, Inc.
Shares: 116 VLVLY
Date: Jun 30, 2026
Value ≈ $4,196
Horizon Financial Services, LLC
Shares: 49 VLVLY
Date: Jun 30, 2026
Value ≈ $1,772
First Command Advisory Services, Inc.
Shares: 49 VLVLY
Date: Jun 30, 2026
Value ≈ $1,772
Last Updated: February 2025 Volvo Group Volvo Group is a Swedish-based, multinational public company, which manufactures trucks, buses, construction equipment, marine, and industrial engines, and military equipment for the Swedish, French, and American military. Volvo is a direct target for boycotts for its involvement in the demolition of Palestinian homes and construction of illegal settlements, with equipment supplied via its Israeli distributor.
Involvement in Illegal Settlements Volvo Group provides heavy machinery used for the demolition of Palestinian houses in the occupied West Bank, East Jerusalem, and equipment for the construction of illegal Israeli settlements, and of the Separation Wall.
According to Who Profits Volvo Buses, a subsidiary of the Volvo Group, owns 26.5% of Merkavim Transportation Technologies, a private Israeli company that manufactures armored buses used in bus routes to settlements in the occupied West Bank. Merkavim’s remaining shares are held by Mayer's Cars and Trucks, which is the exclusive distributor of Volvo in Israel.
Merkavim’s armored bus, the Mars Defender, was developed in collaboration with the Israeli military. Israel Military Industries (IMI), formerly a state-owned company and now part of Elbit Systems, developed the armor in a joint project with the Israeli Transportation Ministry, Israel Police and Egged.
Merkavim also provides services to the Nachshon Unit, the operational arm of IPS that is responsible, among other things, for the transport of prisoners.
Sources: 
