ASML overtakes Shell as Dutch households’ top investment

Outside the Amsterdam stock exchange. Photo: Dutch News

Dutch households now hold more than €200 billion in investments for the first time and chip maker ASML is their favourite share, the Dutch central bank (DNB) said on Wednesday

The total value of domestic portfolios reached €204.7 billion in the third quarter of 2025, boosted by rising stock markets and strong gains in tech shares.

Almost one in four of the country’s 8.4 million households invests, and the overall value of their holdings rose by €9 billion compared with the previous quarter, the central bank said.

ASML saw the sharpest rise in interest. A 22% increase in the Veldhoven chip machinemaker’s share price lifted the value of Dutch household holdings to €4.4 billion, making it the most popular individual share.

Other popular tech stocks include Prosus and US giants Apple, Nvidia, Alphabet and Tesla.

Shell, long the top choice for private investors, has slipped down the rankings because households have sold large volumes of its shares over the past three years.

Despite the record invested, Dutch families still keep far more in the bank. Savings accounts hold some €518.4 billion, and a further €108.3 billion is parked on current accounts.

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