iShares MSCI Finland ETF (EFNL) Holdings
EFNL holdings summary
as of Oct 25, 2026- Holdings
- 33 positions listed
- Top 10 weight
- 73.7% of net assets
- Effective holdings
- 12 equal-weight equivalent
- Largest holding
- NDA.FI 19.20% Nordea Bank Abp
- Annual turnover
- 15.3% of the portfolio traded
All EFNL holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | NDA-FI | Nordea Bank Abp | Financial Services | 19.20% | $72.5M | — | — |
| 2 | NOKIA | Nokia Oyj | Technology | 14.12% | $53.3M | — | — |
| 3 | SAMPO | Sampo Oyj A | Financial Services | 8.17% | $30.9M | — | — |
| 4 | KNEBV | KONE Oyj | Industrials | 5.06% | $19.1M | — | — |
| 5 | UPM | UPM-Kymmene Oyj | Basic Materials | 4.96% | $18.7M | — | — |
| 6 | METSO | Metso Oyj | Industrials | 4.67% | $17.6M | — | — |
| 7 | WRT1V | Wartsila Oyj Abp | Industrials | 4.52% | $17.1M | — | — |
| 8 | NESTE | Neste Oil Oyj | Energy | 4.46% | $16.9M | — | — |
| 9 | FORTUM | Fortum Oyj | Utilities | 4.30% | $16.3M | — | — |
| 10 | ORNBV | Orion Oyj B | Healthcare | 4.28% | $16.2M | — | — |
| 11 | KESKOB | Kesko Oyj | Consumer Defensive | 3.04% | $11.5M | — | — |
| 12 | KCR | Konecranes Plc | Industrials | 2.58% | $9.7M | — | — |
| 13 | STERV | Stora Enso Oyj R | Consumer Cyclical | 2.38% | $9.0M | — | — |
| 14 | ELISA | Elisa Oyj | Communication Services | 2.35% | $8.9M | — | — |
| 15 | VALMT | Valmet Oyj | Industrials | 1.73% | $6.5M | — | — |
| 16 | MANTA | Mandatum Oyj | Financial Services | 1.35% | $5.1M | — | — |
| 17 | HUH1V | Huhtamaki Oyj | Consumer Cyclical | 1.28% | $4.8M | — | — |
| 18 | HIAB | Hiab B | Industrials | 1.13% | $4.3M | — | — |
| 19 | TIETO | TietoEVRY Corp | Technology | 1.10% | $4.2M | — | — |
| 20 | OUT1V | Outokumpu Oyj | Basic Materials | 1.02% | $3.8M | — | — |
| 21 | KEMIRA | Kemira Oyj | Basic Materials | 0.96% | $3.6M | — | — |
| 22 | TYRES | Nokian Renkaat Oyj | Consumer Cyclical | 0.92% | $3.5M | — | — |
| 23 | PUUILO | Puuilo Oyj | Consumer Cyclical | 0.89% | $3.4M | — | — |
| 24 | KALMAR | Kalmar | Industrials | 0.84% | $3.2M | — | — |
| 25 | LUMO | LUMO KODIT OYJ | Real Estate | 0.69% | $2.6M | — | — |
| 26 | BITTI | Bittium Oyj | Technology | 0.64% | $2.4M | — | — |
| 27 | YIT | YIT Oyj | Industrials | 0.63% | $2.4M | — | — |
| 28 | HARVIA | Harvia Oyj | Consumer Cyclical | 0.57% | $2.2M | — | — |
| 29 | QTCOM | Qt Group Oyj | Technology | 0.53% | $2.0M | — | — |
| 30 | METSB | Metsa Board Oyj B | Consumer Cyclical | 0.43% | $1.6M | — | — |
| 31 | FIA1S | Finnair Oyj | Industrials | 0.40% | $1.5M | — | — |
| 32 | KEMPOWR | Kempower Oyj | Industrials | 0.28% | $1.0M | — | — |
| 33 | TTALO | Terveystalo Oy | Healthcare | 0.07% | $264,442.26 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($377.8M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
EFNL sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Financial Services | 28.7% | 3 | NDA-FI, SAMPO, MANTA |
| Industrials | 21.8% | 10 | KNEBV, METSO, WRT1V |
| Technology | 16.4% | 4 | NOKIA, TIETO, BITTI |
| Basic Materials | 6.9% | 3 | UPM, OUT1V, KEMIRA |
| Consumer Cyclical | 6.5% | 6 | STERV, HUH1V, TYRES |
| Energy | 4.5% | 1 | NESTE |
| Healthcare | 4.3% | 2 | ORNBV, TTALO |
| Utilities | 4.3% | 1 | FORTUM |
| Consumer Defensive | 3.0% | 1 | KESKOB |
| Communication Services | 2.3% | 1 | ELISA |
| Real Estate | 0.7% | 1 | LUMO |
Sum of the weights of the holdings in each sector.
EFNL top industries
EFNL overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 0.5% | 24 of 8,035 | 0.05% |
| VTI | Vanguard Total Stock Market ETF | 0.0% | 0 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.0% | 0 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| IWM | iShares Russell 2000 ETF | 0.0% | 0 of 1,962 | 0.19% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the EFNL portfolio
iShares MSCI Finland ETF holds 33 positions. The ten largest make up 73.7% of the fund, so it behaves like a portfolio of about 12 equally weighted positions. The biggest positions are Nordea Bank Abp (19.20%), Nokia Oyj (14.12%), Sampo Oyj A (8.17%), KONE Oyj (5.06%), UPM-Kymmene Oyj (4.96%).
By sector, Financial Services is 28.7%, Industrials is 21.8%, Technology is 16.4%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: EFNL chart, EFNL performance, EFNL dividends, EFNL overview.
EFNL holdings FAQ
How many holdings does EFNL have?
EFNL holds 33 positions as of October 25, 2026.
What are the top 10 holdings of EFNL?
The ten largest holdings are Nordea Bank Abp (19.20%), Nokia Oyj (14.12%), Sampo Oyj A (8.17%), KONE Oyj (5.06%), UPM-Kymmene Oyj (4.96%), Metso Oyj (4.67%), Wartsila Oyj Abp (4.52%), Neste Oil Oyj (4.46%), Fortum Oyj (4.30%), Orion Oyj B (4.28%). Together they are 73.7% of the fund.
What percentage of EFNL is Nordea Bank Abp?
Nordea Bank Abp is the largest holding at 19.20% of net assets, about $72.5M of the fund's $377.8M.
Which sector is the largest in EFNL?
Financial Services is the largest sector at 28.7%, followed by Industrials (21.8%) and Technology (16.4%), based on the sectors of the individual holdings.
How concentrated is EFNL?
The top 10 holdings are 73.7% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) EFNL behaves like a portfolio of about 12 equally weighted positions.