Polestar shareholders 2025: who owns the most PSNY stock?
Polestar Automotive Holding UK Plc (PSNY) has experienced several developments since its Nasdaq debut in 2022, influenced by shifting market conditions and investor sentiment.
Polestar Automotive Holding UK Plc A (PSNY) continues to attract attention as it navigates changing market conditions, an evolving ownership base and a refreshed strategic direction. But who owns the most PSNY stock in 2025?
Here’s an overview of the company’s current ownership and key institutional shareholders.
Polestar: from SPAC listing to strategic reset
Swedish electric vehicle (EV) manufacturer Polestar Automotive Holding UK Plc went public on the Nasdaq Stock Exchange on 24 June 2022 through a merger with the special purpose acquisition company (SPAC) Gores Guggenheim.
Unlike many EV peers at the time, Polestar had already begun commercial production, with around 55,000 cars on the road when it listed. Since then, the company’s share performance has been volatile. Its stock price has declined significantly since 2022, reflecting restructuring efforts and ongoing financial challenges.
In 2025, Polestar implemented a one-for-thirty reverse stock split to maintain compliance with Nasdaq’s minimum share price requirement. The move helps preserve its listing status, though it doesn’t address underlying financial pressures.
Past performance is not a reliable indicator of future results. Share prices are indicative and may differ from live market prices.
Polestar strategic developments in 2025
- Reverse stock split and listing retention: Polestar executed a one-for-thirty reverse stock split to retain its Nasdaq listing. This action addressed immediate compliance concerns, though the company still faces operational and financial challenges.
- Shifting sales approach: In 2025, Polestar began transitioning from a direct-to-consumer model to a dealer network, particularly across Europe. Expansion into France and other continental markets aims to balance softer demand in the US and China. Management projects compound annual sales growth of 30–35% between 2025 and 2027, reflecting this shift.
- Operational restructuring: Under CEO Michael Lohscheller, Polestar continues to streamline operations and reduce costs, aiming to establish a more sustainable long-term structure.
- Product strategy and market positioning: Polestar has revised its model rollout, delaying or adjusting launches such as the Polestar 5 GT in some regions. Its focus is now on premium positioning, design, and efficiency, with models like the Polestar 7 compact SUV in development. The brand remains positioned in the luxury EV segment, alongside competitors such as Tesla and Porsche.
- Sustainability goals: Sustainability remains central to Polestar’s strategy. The company has reaffirmed its commitment to cut per-car greenhouse gas emissions by half by 2030 and achieve climate neutrality by 2040, focusing on transparency and circular production processes.
Who owns Polestar?
Polestar was established in its current form in 2017 by Volvo Cars and its parent company Zhejiang Geely Holding Group, which remain its largest shareholders. Today, ownership is broadly split between institutional investors, mutual funds and retail shareholders:
| Type | Common stock held | % of shares outstanding | Market value |
|---|---|---|---|
| Mutual funds & ETFs | 11.48 million | 0.50% | $7.74 million |
| Other institutional investors | 968.30 million | 41.92% | $652.54 million |
| Public companies & retail investors | 1.33 billion | 57.58% | $896.28 million |
| Total | 2.31 billion | 100% | $1.56 billion |
Top institutional holders
| # | Holder | % of holding | Shares held | Value (in $1,000s) |
|---|---|---|---|---|
| 1 | Zhejiang Geely Holding Group Limited | 38.21% | 882.48 million | 594.70 |
| 2 | AMF Fonder AB | 0.78% | 18.00 million | 12.13 |
| 3 | Gly Capital Management Limited | 0.63% | 14.55 million | 9.81 |
| 4 | Swedbank Robur Fonder AB | 0.51% | 11.76 million | 7.92 |
| 5 | GLY New Mobility 1 LP | 0.51% | 11.67 million | 7.86 |
| 6 | BlackRock, Inc. | 0.46% | 10.61 million | 7.15 |
| 7 | UBS Asset Management AG | 0.14% | 3.26 million | 2.20 |
| 8 | Saba Capital Management, L.P. | 0.14% | 3.19 million | 2.15 |
| 9 | State Street Global Advisors, Inc. | 0.14% | 3.16 million | 2.13 |
| 10 | Northpole Gly 1 LP | 0.12% | 2.88 million | 1.94 |
Zhejiang Geely Holding Group Limited remains the largest shareholder, holding 38.21% of total shares. AMF Fonder AB follows with 0.78%, while Gly Capital Management, Swedbank Robur, and BlackRock represent smaller institutional interests.
Top mutual fund holders
| # | Holder | % of holding | Shares held | Value (USD millions) |
|---|---|---|---|---|
| 1 | iShares Core MSCI EAFE ETF | 0.12% | 2.73 million | 1.84 |
| 2 | iShares Self-Driving EV and Tech ETF | 0.08% | 1.93 million | 1.30 |
| 3 | iShares MSCI EAFE Small-Cap ETF | 0.06% | 1.37 million | 0.92 |
| 4 | First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.04% | 0.90 million | 0.61 |
| 5 | Fidelity Covington Trust – EV and Future Transport ETF | 0.01% | 0.34 million | 0.23 |
| 6 | Skandia SMART Balanserad | 0.01% | 0.31 million | 0.21 |
| 7 | iShares IV PLC – EV and Driving Tech UCITS ETF | 0.01% | 0.30 million | 0.20 |
Most mutual fund exposure remains limited, led by iShares Core MSCI EAFE ETF and other thematic sustainability funds. The data suggests modest but consistent institutional interest in Polestar’s long-term sustainability positioning.
Source: Investing.com, 14 November 2025.
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