Shareholders

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

As of 23 February 2026, Borregaard had 10 183 shareholders, and 41.5% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 11.5%, Luxembourg 7.5%, The Netherlands 5.8% 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		11851871	11.85187
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		3284024	3.28402
5	VERDIPAPIRFOND ODIN NORGE		2667525	2.66753
6	VERDIPAPIRFONDET DNB NORGE		2354015	2.35402
7	J.P. Morgan SE	Nominee	2116700	2.11670
8	The Bank of New York Mellon SA/NV	Nominee	1904550	1.90455
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		1503673	1.50367
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	1275125	1.27513
16	The Northern Trust Comp, London Br	Nominee	1247375	1.24738
17	State Street Bank and Trust Comp	Nominee	1156685	1.15669
18	VPF FONDSFINANS UTBYTTE		1100000	1.10000
19	BNP Paribas	Nominee	1070740	1.07074
20	J.P. Morgan SE	Nominee	1059416	1.05942
			52775494	52.775494

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