Nordea Investment Management reports 5.7% stake in Cadeler A/S (CDLR)

Rhea-AI Filing Summary

Nordea Investment Management filed a Schedule 13G reporting a significant ownership position in Cadeler A/S. As of 12/31/2025, Nordea beneficially owned 19,983,739 E-EQUITY shares, representing 5.7% of the class. Nordea has sole power to vote and dispose of all these shares, with no shared voting or dispositive power.

The firm states the position was acquired and is held in the ordinary course of business, and not for the purpose of changing or influencing control of Cadeler. Nordea is identified as an investment company organized in Sweden.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Cadeler A/S

(Name of Issuer)

E-EQUITY

(Title of Class of Securities)

K1R4A3101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. K1R4A3101

1

Names of Reporting Persons

NORDEA INVESTMENT MANAGEMENT AB

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SWEDEN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 19,983,739.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 19,983,739.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,983,739.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.7 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Cadeler A/S
(b)	Address of issuer's principal executive offices: KALVEBOD BRYGGE 43, COPENHAGEN V, DENMARK, DK-1560
Item 2.
(a)	Name of person filing: Nordea Investment Management AB
(b)	Address or principal business office or, if none, residence: M 540, 105 71, Stockholm, Sweden
(c)	Citizenship: Sweden
(d)	Title of class of securities: E-EQUITY
(e)	CUSIP No.: K1R4A3101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Investment Company
Item 4.	Ownership
(a)	Amount beneficially owned: 19,983,739.00
(b)	Percent of class: 5.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 19,983,739.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 19,983,739.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

NORDEA INVESTMENT MANAGEMENT AB

Signature:	Rasmus Kroner
Name/Title:	Analyst
Date:	01/29/2026

FAQ

What stake does Nordea Investment Management hold in Cadeler A/S (CDLR)?

Nordea Investment Management holds a beneficial stake of 19,983,739 E-EQUITY shares in Cadeler A/S, representing 5.7% of the class as of December 31, 2025, according to its Schedule 13G filing.

What SEC filing did Nordea submit regarding Cadeler A/S (CDLR)?

Nordea Investment Management submitted a Schedule 13G regarding its holdings in Cadeler A/S. This filing reports passive beneficial ownership of more than 5% of a registered class of equity securities, rather than an attempt to influence corporate control.

Is Nordea Investment Management seeking to influence control of Cadeler A/S (CDLR)?

Nordea states the Cadeler A/S securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing specifies they are not participating in any transaction with that purpose or effect.

Does Nordea have sole voting power over its Cadeler A/S (CDLR) shares?

Yes. Nordea Investment Management reports sole voting power over 19,983,739 shares of Cadeler A/S and no shared voting power. It also has sole dispositive power over the same number of shares and no shared dispositive power.

What type of reporting person is Nordea Investment Management in this Cadeler (CDLR) filing?

Nordea Investment Management is identified as an investment company organized in Sweden. The Schedule 13G lists Sweden as its citizenship and classifies it under the investment company category for reporting purposes.

As of what date is Nordea’s 5.7% Cadeler A/S (CDLR) ownership reported?

Nordea’s 5.7% beneficial ownership in Cadeler A/S is reported as of December 31, 2025. This date is specified as the event date requiring the Schedule 13G filing detailing its position in the company’s E-EQUITY shares.