Shareholders

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

As of 11 May 2026, Borregaard had 10 962 shareholders, and 42.4% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 11.2%, 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		10922052	10.92205
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	VERDIPAPIRFOND ODIN NORGE		3100525	3.10053
6	J.P. Morgan SE	Nominee	3019624	3.01962
7	VERDIPAPIRFONDET DNB NORGE		2370421	2.37042
8	The Bank of New York Mellon SA/NV	Nominee	2292366	2.29237
9	JPMorgan Chase Bank, N.A., London	Nominee	1705668	1.70567
10	Citibank Europe plc	Nominee	1545858	1.54586
11	JPMorgan Chase Bank, N.A., London	Nominee	1350773	1.35077
12	J.P. Morgan SE	Nominee	1340672	1.34067
13	VERDIPAPIRFONDET KLP AKSJENORGE		1339026	1.33903
14	State Street Bank and Trust Comp	Nominee	1324079	1.32408
15	J.P. Morgan SE	Nominee	1322705	1.32271
16	VERDIPAPIRFONDET STOREBRAND NORGE		1305407	1.30541
17	The Northern Trust Comp, London Br	Nominee	1247375	1.24738
18	FORSVARETS PERSONELLSERVICE		1209407	1.20941
19	VPF FONDSFINANS UTBYTTE		1100000	1.10000
20	J.P. Morgan SE	Nominee	1061916	1.06192
			54050981	54.050981

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