Shareholders

A weekly updated list of Top 20 largest Shareholders of Borregaard. Updated every Monday.

As of 16 March 2026, Borregaard had 10 323 shareholders, and 41.8% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 11.4%, Luxembourg 7.9%, The Netherlands 5.8% and the USA 5.3%.

The shareholder list below is based on the Norwegian Central Securities Depository’s share register.

	Shareholder		Number of shares	% of capital
1	FOLKETRYGDFONDET		11501220	11.50122
2	MUST INVEST AS		7588755	7.58876
3	The Bank of New York Mellon SA/NV	Nominee	5183183	5.18318
4	PARETO AKSJE NORGE VERDIPAPIRFOND		3484024	3.48402
5	VERDIPAPIRFOND ODIN NORGE		2667525	2.66753
6	J.P. Morgan SE	Nominee	2423399	2.42340
7	VERDIPAPIRFONDET DNB NORGE		2370421	2.37042
8	The Bank of New York Mellon SA/NV	Nominee	1841813	1.84181
9	JPMorgan Chase Bank, N.A., London	Nominee	1696004	1.69600
10	Citibank Europe plc	Nominee	1518515	1.51852
11	VERDIPAPIRFONDET KLP AKSJENORGE		1505893	1.50589
12	VERDIPAPIRFONDET STOREBRAND NORGE		1455153	1.45515
13	JPMorgan Chase Bank, N.A., London	Nominee	1350773	1.35077
14	J.P. Morgan SE	Nominee	1340672	1.34067
15	J.P. Morgan SE	Nominee	1287625	1.28763
16	The Northern Trust Comp, London Br	Nominee	1247375	1.24738
17	State Street Bank and Trust Comp	Nominee	1220426	1.22043
18	VPF FONDSFINANS UTBYTTE		1100000	1.10000
19	FORSVARETS PERSONELLSERVICE		1090200	1.09020
20	J.P. Morgan SE	Nominee	1061916	1.06192
			52934892	52.934892

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