Shareholders

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

As of 23 March 2026, Borregaard had 10 355 shareholders, and 42.3% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 11.9%, Luxembourg 8.0%, The Netherlands 5.8% and the USA 5.2%.

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

	Shareholder		Number of shares	% of capital
1	FOLKETRYGDFONDET		11392365	11.39237
2	MUST INVEST AS		7766000	7.76600
3	The Bank of New York Mellon SA/NV	Nominee	5183183	5.18318
4	PARETO AKSJE NORGE VERDIPAPIRFOND		3534024	3.53402
5	VERDIPAPIRFOND ODIN NORGE		2667525	2.66753
6	J.P. Morgan SE	Nominee	2436508	2.43651
7	VERDIPAPIRFONDET DNB NORGE		2370421	2.37042
8	The Bank of New York Mellon SA/NV	Nominee	2317602	2.31760
9	JPMorgan Chase Bank, N.A., London	Nominee	1696004	1.69600
10	VERDIPAPIRFONDET KLP AKSJENORGE		1505893	1.50589
11	Citibank Europe plc	Nominee	1485664	1.48566
12	VERDIPAPIRFONDET STOREBRAND NORGE		1423789	1.42379
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	1222486	1.22249
18	FORSVARETS PERSONELLSERVICE		1134407	1.13441
19	VPF FONDSFINANS UTBYTTE		1100000	1.10000
20	J.P. Morgan SE	Nominee	1061916	1.06192
			53524232	53.524232

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