Shareholders

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

As of 20 April 2026, Borregaard had 10 511 shareholders, and 43.2% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 12.6%, Luxembourg 8.5%, 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		11000052	11.00005
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		3543924	3.54392
5	J.P. Morgan SE	Nominee	2988804	2.98880
6	The Bank of New York Mellon SA/NV	Nominee	2714927	2.71493
7	VERDIPAPIRFOND ODIN NORGE		2667525	2.66753
8	VERDIPAPIRFONDET DNB NORGE		2370421	2.37042
9	JPMorgan Chase Bank, N.A., London	Nominee	1704329	1.70433
10	Citibank Europe plc	Nominee	1545858	1.54586
11	VERDIPAPIRFONDET KLP AKSJENORGE		1539026	1.53903
12	JPMorgan Chase Bank, N.A., London	Nominee	1350773	1.35077
13	J.P. Morgan SE	Nominee	1340672	1.34067
14	J.P. Morgan SE	Nominee	1287625	1.28763
15	VERDIPAPIRFONDET STOREBRAND NORGE		1278750	1.27875
16	The Northern Trust Comp, London Br	Nominee	1247375	1.24738
17	State Street Bank and Trust Comp	Nominee	1240132	1.24013
18	FORSVARETS PERSONELLSERVICE		1209407	1.20941
19	VPF FONDSFINANS UTBYTTE		1100000	1.10000
20	J.P. Morgan SE	Nominee	1061916	1.06192
			54140699	54.140699

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