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This paper uses a unique combination of data sets to document patterns in Finnish individuals’ ownership of stocks and mutual funds between 2004 and 2008. Our key findings are as follows.(1) In 2008, 13% of Finnish individuals owned stocks and 16% mutual funds.(2) The median stock portfolio was worth 3,658 EUR while the median fund portfolio was worth 2,567 EUR.(3) Mutual fund ownership has increased in popularity compared with direct ownership in stocks.(4) The average stock portfolio has three stocks and the average mutual fund owner owns two funds.(5) Ownership of mutual funds is less concentrated than ownership of stocks.(6) Older investors tend to invest in stocks directly while younger investors tend to invest via mutual funds.(7) Women tend to invest in less risky funds than men.(8) Institutional investors and university and business educated and wealthy individuals are more likely to invest in funds that have lower fees.