Shareholders

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

As of 26 January 2026, Borregaard had 9 797 shareholders, and 42.7% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 11.7%, Luxembourg 6.9%, The Netherlands 6.3% and the USA 5.4%.

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

	Shareholder		Number of shares	% of capital
1	FOLKETRYGDFONDET		12088479	12.08848
2	MUST INVEST AS		7322755	7.32276
3	The Bank of New York Mellon SA/NV	Nominee	5686740	5.68674
4	PARETO AKSJE NORGE VERDIPAPIRFOND		2954796	2.95480
5	VERDIPAPIRFOND ODIN NORGE		2698279	2.69828
6	VERDIPAPIRFONDET DNB NORGE		2130297	2.13030
7	The Bank of New York Mellon SA/NV	Nominee	2003139	2.00314
8	JPMorgan Chase Bank, N.A., London	Nominee	1713729	1.71373
9	Citibank Europe plc	Nominee	1603017	1.60302
10	J.P. Morgan SE	Nominee	1579866	1.57987
11	VERDIPAPIRFONDET STOREBRAND NORGE		1553157	1.55316
12	VERDIPAPIRFONDET KLP AKSJENORGE		1505893	1.50589
13	JPMorgan Chase Bank, N.A., London	Nominee	1367774	1.36777
14	J.P. Morgan SE	Nominee	1340672	1.34067
15	The Northern Trust Comp, London Br	Nominee	1247375	1.24738
16	J.P. Morgan SE	Nominee	1225125	1.22513
17	State Street Bank and Trust Comp	Nominee	1144585	1.14459
18	VPF FONDSFINANS UTBYTTE		1100000	1.10000
19	J.P. Morgan SE	Nominee	1084827	1.08483
20	BNP Paribas	Nominee	1070740	1.07074
			52421245	52.421245

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