Ownership Intelligence

Top-20 shareholder analysis across NZX-listed companies. Tracks block holders, ownership concentration, cross-holdings networks, and year-over-year register changes from 2010–2026.

2,452

Shareholders Tracked

Issuers Covered

27.8%

Avg Top Holder %

IPR

Most Concentrated (77.4%)

Largest Block Holders Across NZX

Entities with the largest aggregate shareholdings across all their NZX positions (latest year per issuer).

#	Shareholder	Type	Companies	Aggregate %	Holdings
1	New Zealand Central Securities Depository Limited	Nominee / Custodian	7	174.1%	ARB, ENS, OCA, SVR, WCO +2 more
2	Accident Compensation Corporation	Company	39	171.5%	ATM, GMT, POT, RYM, APL +34 more
3	Custodial Services Limited	Individual	44	147.3%	GMT, POT, RYM, ARB, BLT +39 more
4	HSBC Nominees (New Zealand) Limited	Nominee / Custodian	28	128.3%	ATM, GMT, POT, RYM, APL +23 more
5	Forsyth Barr Custodians Limited	Individual	29	124.8%	GMT, POT, RYM, APL, SKT +24 more
6	HSBC Custody Nominees (Australia) Limited	Nominee / Custodian	15	110.4%	ATM, FPH, AIR, SKT, EBO +10 more
7	Citicorp Nominees Pty Limited	Nominee / Custodian	14	105.8%	ATM, FPH, AIR, SKT, MOV +9 more
8	New Zealand Depository Nominee	Nominee / Custodian	32	104.9%	ATM, POT, RYM, BLT, ALF +27 more
9	FNZ Custodians Limited	Individual	41	104.0%	GMT, POT, VCT, ARB, BLT +36 more
10	Chang Ku Ee	Individual	1	77.4%	IPR
11	CDL Hotels Holdings New Zealand Limited	Company	1	75.8%	MCK
12	Entrust	Other	1	75.1%	VCT
13	Finaccess Restauracion, S.L. (formerly Global Valar, S.L.)	Other	1	75.0%	RBD
14	BayWa Global Produce GmbH	Company	1	74.0%	TGG
15	Blackwell Global Group Limited	Company	1	71.7%	RTO
16	Hartley Atkinson & Colin Mckay	Other	1	68.7%	AFT
17	Southland Regional Council	Individual	1	66.5%	SPN
18	MASON ROBERTS HOLDINGS LIMITED	Company	1	66.3%	BFG
19	Jakov Nikola Delegat, Rosamari Suzan Delegat and BPM Trustees (DSPT) Limited	Trust	1	66.1%	DGL
20	Bright Dairy Holding Limited	Company	1	65.3%	SML

Ownership Concentration by Company

Concentration metrics for each issuer, ranked by top holder percentage. High (>30%), Medium (15-30%), Low (<15%).

#	Company	Sector	Top Holder	Top 1 %	Top 5 %	HHI	Level
1	IPRIperion Limited	Real Estate	Chang Ku Ee	77.4%	90.9%	6,079	High
2	MCKMillennium & Copthorne Hotels New Zealand Limited	Consumer Discretionary	CDL Hotels Holdings New Zealand Limited	75.8%	75.8%	5,744	High
3	VCTVector Limited	Utilities	Entrust	75.1%	82.8%	5,664	High
4	RBDRestaurant Brands New Zealand Limited	Consumer Discretionary	Finaccess Restauracion, S.L. (formerly Global Valar, S.L.)	75.0%	75.0%	5,625	High
5	ARBArborGen Holdings Limited	Industrials	New Zealand Central Securities Depository Limited	74.1%	81.8%	5,519	High
6	TGGT&G Global Limited	Consumer Staples	BayWa Global Produce GmbH	74.0%	95.8%	5,876	High
7	RTORTO Limited	Information Technology	Blackwell Global Group Limited	71.7%	89.9%	5,247	High
8	AFTAFT Pharmaceuticals Limited	Healthcare	Hartley Atkinson & Colin Mckay	68.7%	83.6%	4,803	High
9	SPNSouth Port New Zealand Limited	Industrials	Southland Regional Council	66.5%	82.4%	4,501	High
10	BFGBurger Fuel Group Limited	Consumer Discretionary	MASON ROBERTS HOLDINGS LIMITED	66.3%	80.9%	4,463	High
11	DGLDelegat Group Limited	Consumer Staples	Jakov Nikola Delegat, Rosamari Suzan Delegat and BPM Trustees (DSPT) Limited	66.1%	76.2%	4,472	High
12	SMLSynlait Milk Limited	Consumer Staples	Bright Dairy Holding Limited	65.3%	87.8%	4,659	High
13	WINWinton Land Limited	Real Estate	Korama Limited	55.1%	84.5%	3,581	High
14	NPHNapier Port Holdings Limited	Industrials	Hawke's Bay Regional Investment Company Limited	55.0%	71.9%	3,117	High
15	POTPort of Tauranga Limited	Industrials	Quayside Securities Limited	54.1%	69.4%	3,025	High
16	SCTScott Technology Limited	Industrials	JBS Australia Pty Limited	53.4%	65.4%	2,929	High
17	AGLAccordant Group Limited	Utilities	Simon Alexander Hull & David John Graeme Cox	53.0%	68.1%	2,892	High
18	FWLFoley Wines Limited	Consumer Staples	Foley Holdings New Zealand Limited	52.8%	79.1%	3,041	High
19	GNEGenesis Energy Limited	Utilities	The sovereign in right of New Zealand acting by and through his minister of finance and minister for SOEs	51.2%	61.2%	2,664	High
20	MELMeridian Energy Limited	Utilities	THE SOVEREIGN IN RIGHT OF NEW ZEALAND ACTING BY AND THROUGH THEIR MINISTER OF FINANCE AND MINISTER FOR STATE OWNED ENTERPRISES	51.0%	70.4%	2,729	High
21	AIRAir New Zealand	Industrials	The Sovereign in Right of New Zealand acting by and through their Minister of Finance	51.0%	65.4%	2,671	High
22	PGWPGG Wrightson Limited	Industrials	Agria (Singapore) Pte Limited	44.3%	62.3%	2,136	High
23	TAHThird Age Health Services Limited	Consumer Discretionary	Bevan John Walsh	42.9%	93.8%	2,852	High
24	PHLPromisia Healthcare Limited	Healthcare	Thomas David Brankin & Michael John Kirwin Lay	42.8%	63.8%	1,994	High
25	AFCAFC Group Holdings Limited	Financials	NZ Silveray Group Limited	41.2%	68.7%	1,925	High
26	NZKNew Zealand King Salmon Investments Limited	Consumer Staples	Oregon Group Limited	39.6%	64.5%	1,777	High
27	MHJMichael Hill International Limited	Consumer Discretionary	HOGLETT HAMLETT LIMITED	37.9%	60.3%	1,610	High
28	MEEMe Today Limited	Consumer Staples	Baker Investment Trust No 2	37.2%	75.4%	1,838	High
29	GENGeneral Capital Limited	Financials	Borneo Capital Limited	34.5%	77.0%	1,933	High
30	PEBPacific Edge Limited	Healthcare	New Zealand Central Securities Depository Limited	34.5%	52.9%	1,292	High
31	RADRadius Residential Care Limited	Healthcare	Kade Kings Limited	33.5%	57.5%	1,333	High
32	OCAOceania Healthcare Limited	Healthcare	New Zealand Central Securities Depository Limited	33.1%	51.6%	1,222	High
33	DOWDowner EDI Limited	Industrials	HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED	32.0%	88.0%	2,393	High
34	GXHGreen Cross Health Limited	Healthcare	LPL TRUSTEE LIMITED	32.0%	72.6%	2,116	High
35	WHSThe Warehouse Group Limited	Consumer Discretionary	Sir Stephen Tindall	27.0%	73.7%	1,592	Medium
36	ATMThe a2 Milk Company Limited	Consumer Staples	HSBC Custody Nominees (Australia) Limited	23.4%	55.8%	911	Medium
37	NZMNZME Limited	Communication Services	Citicorp Nominees Pty Limited	21.2%	53.9%	897	Medium
38	CCCCooks Coffee Company Limited	Consumer Staples	Keith Jackson Interests	20.6%	61.0%	985	Medium
39	TWLTradeWindow Holdings Limited	Industrials	ASB BANK LIMITED	20.5%	49.2%	742	Medium
40	HLGHallenstein Glasson Holdings Limited	Consumer Discretionary	TIMOTHY CHARLES GLASSON	20.0%	25.0%	413	Medium
41	ENSEnprise Group Limited	Information Technology	Nightingale Partners Pty Limited	20.0%	64.8%	1,060	Medium
42	MOVMOVE Logistics Group Limited	Industrials	JP Morgan Chase Bank	20.0%	43.7%	658	Medium
43	ALFAllied Farmers Limited	Financials	Waf Limited	20.0%	45.6%	653	Medium
44	APLAsset Plus	Real Estate	Centuria Platform Investments Pty Ltd	20.0%	53.4%	840	Medium
45	SANSanford Limited	Consumer Staples	Ngāi Tahu Investments Limited	19.9%	47.4%	687	Medium
46	PYSPaySauce Limited	Information Technology	Wijeyeratne & Co Limited	19.4%	56.9%	835	Medium
47	IPLInvestore Property Limited	Real Estate	Stride Property Limited	18.8%	45.0%	587	Medium
48	WCOWasteCo Group Limited	Industrials	Forsyth Barr Custodians Limited	18.1%	42.6%	552	Medium
49	RUARua Bioscience Limited	Healthcare	NEW ZEALAND DEPOSITORY NOMINEE LIMITED <A/C 1 CASH ACCOUNT>	17.6%	42.4%	542	Medium
50	BAIBeing AI	Healthcare	Forsyth Barr Custodians Limited	17.4%	52.0%	719	Medium
51	SKLSkellerup	Materials	Forsyth Barr Custodians Limited	16.6%	36.4%	417	Medium
52	VGLVista Group International Limited	Information Technology	Apex Custodian Nominees	16.3%	44.8%	618	Medium
53	GMTGoodman Property Trust	Real Estate	Goodman Funds Management Limited	16.1%	48.3%	694	Medium
54	MFBMy Food Bag Group Limited	Financials	Long Term Food Group LP	15.6%	41.1%	481	Medium
55	SCLScales Corporation Limited	Industrials	Custodial Services Limited	15.5%	41.1%	482	Medium
56	SVRSavor Limited	Consumer Staples	H & G Limited	15.3%	42.9%	542	Medium
57	AIAAuckland International Airport Limited	Industrials	HSBC Nominees (New Zealand) Limited	15.3%	46.7%	563	Medium
58	SKCSkyCity Entertainment Group Limited	Consumer Discretionary	Allan Gray Group	15.1%	40.4%	449	Medium
59	MFTMainfreight Limited	Industrials	B Plested and Rarawharo Trustees Limited as trustees of Rorohara No.2 Trust	14.8%	20.8%	255	Low
60	CHIChannel Infrastructure NZ Limited	Energy	Mobil Oil New Zealand Limited	14.3%	46.9%	574	Low
61	STUSteel & Tube Holdings Limited	Materials	New Zealand Steel Limited	14.3%	33.0%	331	Low
62	FPHFisher & Paykel Healthcare Corporation Limited	Healthcare	HSBC Nominees (New Zealand) Limited R601127393	14.3%	46.3%	586	Low
63	TEMTempleton Emerging Markets Investment Trust PLC	Financials	City of London Investment Management Company Limited	14.1%	40.5%	403	Low
64	BLTBLIS Technologies Limited	Consumer Staples	Leveraged Equities Finance	14.0%	36.4%	420	Low
65	KPGKiwi Property	Real Estate	HSBC Nominees (New Zealand) Limited <040-016842-230>	13.9%	42.8%	516	Low
66	KMDKMD Brands Limited	Consumer Discretionary	New Zealand Superannuation Fund Nominees Limited	13.8%	45.0%	533	Low
67	MPGMetro Performance Glass	Real Estate	Masfen Securities Limited	13.7%	43.1%	482	Low
68	FRWFreightways Group Limited	Industrials	Custodial Services Limited <A/C 4>	13.7%	40.5%	474	Low
69	FBUFletcher Building	Materials	HSBC Custody Nominees (Australia) Limited	13.6%	47.6%	601	Low
70	SMISantana Minerals Ltd	Materials	CITICORP NOMINEES PTY LIMITED	13.3%	26.3%	255	Low
71	IKEikeGPS Group Limited	Materials	Nicola Jane Wilson & David Jonathan Wilson	13.2%	38.4%	412	Low
72	TRATurners Automotive Group	Consumer Discretionary	Bartel Holdings Limited	13.2%	36.8%	363	Low
73	MKRManuka Resources Limited	Materials	ROSENBERG GROUP	13.1%	34.8%	356	Low
74	GTKGentrack Group Limited	Information Technology	Citicorp Nominees Pty Limited	13.0%	44.2%	499	Low
75	SPGStride Property Limited	Real Estate	Accident Compensation Corporation (ACC)	12.7%	35.5%	369	Low
76	SKOSerko Limited	Industrials	Tea Custodians Limited	12.4%	43.9%	530	Low
77	EBOEBOS Group Limited	Healthcare	JP Morgan Nominees Australia Limited	12.3%	39.2%	466	Low
78	ERDEROAD	Industrials	NMC Trustees Limited	12.3%	37.6%	367	Low
79	RAKRakon Limited	Information Technology	Siward Crystal Technology Co. Limited	12.2%	37.6%	393	Low
80	BRWBremworth Limited	Consumer Discretionary	Rural Aviation (1963) Limited	12.1%	32.5%	308	Low
81	CNUChorus Limited	Communication Services	Citicorp Nominees Pty Limited	11.9%	50.1%	601	Low
82	SKTSky Network Television Limited	Communication Services	BNP Paribas Nominees (NZ) Limited (BPSS40)	11.6%	43.3%	478	Low
83	THLTourism Holdings Limited	Consumer Discretionary	Barmil Enterprises Pty Ltd	11.6%	43.8%	457	Low
84	TRUTRUSCREEN GROUP LIMITED	Industrials	New Zealand Depository Nominee	11.1%	29.0%	246	Low
85	BPGBlack Pearl Group Limited	Real Estate	Crown BP Holdings LLC	11.0%	36.1%	386	Low
86	SDLSolution Dynamics Limited	Consumer Discretionary	ASB NOMINEES LIMITED <574233 A/C>	10.9%	33.8%	384	Low
87	SUMSummerset Group Holdings Limited	Healthcare	Custodial Services Limited	10.4%	43.5%	473	Low
88	TWRTower Limited	Financials	HSBC Nominees (New Zealand) Limited – NZCSD <Hkbn90>	9.7%	34.2%	362	Low
89	PCTPrecinct Properties New Zealand Limited	Real Estate	Milford Asset Management Limited	9.0%	25.3%	177	Low
90	HGHHeartland Group Holdings Limited	Financials	Tomlinson Group HGH Limited	8.9%	29.4%	231	Low
91	RYMRyman Healthcare Limited	Healthcare	HSBC Nominees (New Zealand) Limited	8.2%	36.0%	411	Low
92	NZXNZX Limited	Financials	HSBC Nominees (New Zealand) Limited	8.1%	36.4%	372	Low
93	SEKSeeka Limited	Consumer Staples	Tomlinson Group Investments Limited	7.7%	24.6%	159	Low
94	FSFFonterra Shareholders' Fund	Consumer Staples	New Zealand Depository Nominee Limited	7.4%	21.5%	122	Low
95	CMOThe Colonial Motor Company Limited	Consumer Discretionary	P L Bennett and J P Gibbons	6.3%	25.0%	148	Low
96	HFLHenderson Far East Income Limited	Financials	Samsung Electronics	5.5%	21.0%	174	Low
97	BITThe Bankers Investment Trust PLC	Financials	Investec Wealth & Investment	5.4%	5.4%	29	Low
98	LICLivestock Improvement Corporation Limited	Financials	Trinity Lands Limited	5.0%	14.1%	54	Low

Holder Type Distribution

Breakdown of top-20 shareholder entries by entity type across the latest year data.

Individual

582

entries

35.6%

of all entries

3.5%

avg holding

Nominee / Custodian

489

entries

29.9%

of all entries

3.7%

avg holding

Other

169

entries

10.3%

of all entries

4.2%

avg holding

Company

168

entries

10.3%

of all entries

8.0%

avg holding

Trust

116

entries

7.1%

of all entries

3.8%

avg holding

Fund / Manager

109

entries

6.7%

of all entries

4.4%

avg holding

Cross-Holdings Network

Entities that appear as top-20 shareholders in 3 or more NZX-listed companies. 76 cross-holding entities identified.

Entity	Type	Companies	Holdings
Custodial Services Limited	Individual	44	SCL15.5%SUM10.4%THL8.2%POT7.9%NZX7.4%SKO7.4%RYM6.4%EBO6.2%+36 more
FNZ Custodians Limited	Individual	41	MFB6.9%SKL6.7%ERD6.6%ARB5.2%HGH5.1%PEB5.1%BRW4.9%SCL4.8%+33 more
Accident Compensation Corporation	Company	39	APL17.6%SKT10.7%KPG10.2%SKC8.8%THL8.3%KMD8.2%NZX6.6%GMT6.0%+31 more
New Zealand Depository Nominee	Nominee / Custodian	32	TRU11.1%BPG9.4%AIR6.5%MFB5.8%PEB5.8%MPG4.6%RTO4.6%BLT4.5%+24 more
Forsyth Barr Custodians Limited	Individual	29	WCO18.1%BAI17.4%SKL16.6%IKE9.5%SPN6.5%AFT5.1%RYM4.9%EBO4.2%+21 more
HSBC Nominees (New Zealand) Limited	Nominee / Custodian	28	AIA15.3%MPG11.8%THL9.8%APL9.1%SUM8.7%RYM8.2%NZX8.1%GTK7.3%+20 more
New Zealand Depository Nominee Limited	Nominee / Custodian	18	FSF7.4%MEE5.7%SKT3.6%SKL2.6%RAD2.5%STU2.2%NZK2.2%PGW2.2%+10 more
HSBC Custody Nominees (Australia) Limited	Nominee / Custodian	15	ATM23.4%FBU13.6%CNU10.4%GTK9.2%FPH8.2%VGL7.9%NZM7.3%EBO6.7%+7 more
Tea Custodians Limited	Individual	15	SKO12.4%SUM8.6%NPH5.8%FPH3.4%RYM3.3%KMD3.0%POT3.0%ATM2.6%+7 more
Citicorp Nominees Pty Limited	Nominee / Custodian	14	NZM21.2%GTK13.0%FBU12.8%ATM12.2%CNU11.9%KMD9.9%VGL6.9%ERD6.2%+6 more
New Zealand Permanent Trustees Limited	Trust	13	MFB3.3%KPG2.4%SUM1.8%IKE1.5%NZM1.4%NZX0.9%NPH0.9%ATM0.8%+5 more
New Zealand Superannuation Fund Nominees Limited	Nominee / Custodian	12	KMD13.8%VGL5.7%SUM5.3%SKO3.7%RYM3.1%FPH2.8%THL2.6%AIA2.1%+4 more
Premier Nominees Limited	Nominee / Custodian	12	THL5.9%SKO4.8%KPG3.1%NZX1.5%SUM1.5%RYM1.5%AIA1.3%FPH1.3%+4 more
JBWere (NZ) Nominees Limited	Nominee / Custodian	12	SKT2.1%KPG2.0%GNE1.9%EBO1.4%WCO1.2%GMT1.2%SAN1.0%FPH0.9%+4 more
Masfen Securities Limited	Individual	12	MPG13.7%SAN7.6%AGL7.0%SEK5.1%TRU4.6%PEB3.7%TWR3.6%NZK2.8%+4 more
Leveraged Equities Finance Limited	Individual	12	IKE3.3%RAD3.1%APL2.9%WCO2.0%MOV1.3%SVR1.1%PEB0.9%CHI0.7%+4 more
Public Trust	Trust	10	ATM1.1%KPG1.1%SUM1.1%AIA1.0%FPH0.9%GTK0.9%RYM0.9%AIR0.6%+2 more
Pt Booster Investments Nominees Limited	Nominee / Custodian	9	SKO1.1%SUM1.0%KMD1.0%NZX0.9%HGH0.9%THL0.9%ATM0.8%AIA0.8%+1 more
Citibank Nominees (NZ) Ltd	Nominee / Custodian	9	SUM7.5%RYM5.8%KPG5.1%FPH4.8%HGH3.6%SKO2.8%AIR2.3%BPG1.6%+1 more
J P Morgan Nominees Australia Pty Limited	Nominee / Custodian	8	ATM12.1%AIA12.1%GTK10.1%VGL6.7%KMD5.3%NZM1.5%THL1.5%AIR0.4%
Citibank Nominees (New Zealand) Limited	Nominee / Custodian	8	SKT7.1%GMT2.9%CHI2.9%SKL1.6%FSF1.4%GNE1.3%STU1.2%PGW0.7%
Custodial Services Limited <A/C 4>	Individual	8	FRW13.7%TRA7.9%TWR4.3%OCA4.0%VCT3.5%CNU2.1%RAK1.7%WHS0.1%
Bnp Paribas Nominees NZ Limited Bpss40	Nominee / Custodian	7	NZX6.9%KMD6.4%AIA5.9%ATM5.5%GTK4.5%HGH3.3%APL0.8%
BNP Paribas Nominees (NZ) Limited	Nominee / Custodian	7	RYM8.0%SKL4.8%GMT4.0%SKT1.9%GNE1.8%SUM1.0%AIR0.2%
New Zealand Central Securities Depository Limited	Nominee / Custodian	7	ARB74.1%PEB34.5%OCA33.1%ENS18.3%SVR6.6%TRU4.3%WCO3.3%
JPMORGAN Chase Bank	Individual	7	AIA7.9%NZX6.5%SUM3.9%APL2.3%SKO1.5%AIR1.5%KMD0.7%
BNP Paribas Nominees NZ Limited	Nominee / Custodian	6	FPH5.8%NPH4.5%THL3.6%RYM3.4%POT2.6%AIR0.8%
Accident Compensation Corporation - NZCSD	Company	6	AFT7.1%SCL6.9%NZK3.4%ERD2.5%RAD1.0%WHS0.8%
JP Morgan Nominees Australia Limited	Nominee / Custodian	6	EBO12.3%CNU11.4%FBU10.2%TWR1.3%GNE0.5%AFT0.3%
Forsyth Barr Custodians Limited <1-Custody>	Nominee / Custodian	6	OCA7.6%TWR5.8%FRW4.3%RAK3.0%CNU2.4%RAD1.0%

Biggest Ownership Changes

Companies with the largest year-over-year changes in top-5 shareholder concentration. Based on comparing the two most recent years of register data per issuer.

#	Company	Years	Top 1 Prev	Top 1 Now	Top 5 Prev	Top 5 Now	Change
1	APLAsset Plus	2023 → 2025	20.0%	20.0%	20.0%	53.4%	+33.4pp
2	GMTGoodman Property Trust	2018 → 2025	21.0%	16.1%	21.0%	48.3%	+27.3pp
3	FWLFoley Wines Limited	2022 → 2025	52.8%	52.8%	52.8%	79.1%	+26.3pp
4	SMLSynlait Milk Limited	2024 → 2025	39.0%	65.3%	68.3%	87.8%	+19.5pp
5	CMOThe Colonial Motor Company Limited	2024 → 2025	5.6%	6.3%	5.6%	25.0%	+19.4pp
6	TWRTower Limited	2024 → 2025	20.0%	9.7%	51.6%	34.2%	-17.3pp
7	PCTPrecinct Properties New Zealand Limited	2024 → 2025	13.3%	9.0%	41.8%	25.3%	-16.6pp
8	MFTMainfreight Limited	2022 → 2025	14.6%	14.8%	35.6%	20.8%	-14.8pp
9	RYMRyman Healthcare Limited	2021 → 2024	14.0%	8.2%	49.9%	36.0%	-13.8pp
10	TRATurners Automotive Group	2024 → 2025	12.7%	13.2%	25.1%	36.8%	+11.6pp
11	NZMNZME Limited	2019 → 2025	25.0%	21.2%	65.1%	53.9%	-11.2pp
12	MCKMillennium & Copthorne Hotels New Zealand Limited	2018 → 2024	70.8%	75.8%	86.8%	75.8%	-11.1pp
13	SKLSkellerup	2020 → 2025	8.2%	16.6%	25.5%	36.4%	+10.9pp
14	ERDEROAD	2021 → 2022	15.8%	12.3%	46.9%	37.6%	-9.3pp
15	SKCSkyCity Entertainment Group Limited	2024 → 2025	13.5%	15.1%	47.8%	40.4%	-7.4pp
16	RADRadius Residential Care Limited	2024 → 2025	33.5%	33.5%	50.2%	57.5%	+7.2pp
17	VGLVista Group International Limited	2025 → 2026	19.9%	16.3%	51.8%	44.8%	-7.1pp
18	GXHGreen Cross Health Limited	2024 → 2025	32.0%	32.0%	78.2%	72.6%	-5.6pp
19	SCTScott Technology Limited	2024 → 2025	52.9%	53.4%	59.8%	65.4%	+5.6pp
20	STUSteel & Tube Holdings Limited	2024 → 2025	15.7%	14.3%	27.5%	33.0%	+5.5pp
21	PHLPromisia Healthcare Limited	2024 → 2025	52.5%	42.8%	68.9%	63.8%	-5.1pp
22	TWLTradeWindow Holdings Limited	2024 → 2025	21.2%	20.5%	53.7%	49.2%	-4.5pp
23	FRWFreightways Group Limited	2024 → 2025	13.0%	13.7%	36.1%	40.5%	+4.4pp
24	NPHNapier Port Holdings Limited	2024 → 2025	55.0%	55.0%	76.3%	71.9%	-4.4pp
25	PYSPaySauce Limited	2024 → 2025	19.7%	19.4%	60.8%	56.9%	-3.9pp

Positive change (red) indicates increasing concentration; negative change (green) indicates dispersing ownership.

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Data sourced from publicly available records. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.