Shareholders

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

As of 13 July 2026, Borregaard had 11 812 shareholders, and 40.2% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 10.3%, 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		11749838	11.74984
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		3551509	3.55151
5	VERDIPAPIRFOND ODIN NORGE		3200525	3.20053
6	J.P. Morgan SE	Nominee	3053833	3.05383
7	VERDIPAPIRFONDET DNB NORGE		2357887	2.35789
8	The Bank of New York Mellon SA/NV	Nominee	1791014	1.79101
9	JPMorgan Chase Bank, N.A., London	Nominee	1695981	1.69598
10	Citibank Europe plc	Nominee	1475267	1.47527
11	J.P. Morgan SE	Nominee	1426078	1.42608
12	VERDIPAPIRFONDET STOREBRAND NORGE		1369047	1.36905
13	JPMorgan Chase Bank, N.A., London	Nominee	1341207	1.34121
14	J.P. Morgan SE	Nominee	1340672	1.34067
15	State Street Bank and Trust Comp	Nominee	1335502	1.33550
16	FORSVARETS PERSONELLSERVICE		1301907	1.30191
17	VERDIPAPIRFONDET KLP AKSJENORGE		1288230	1.28823
18	The Northern Trust Comp, London Br	Nominee	1247375	1.24738
19	VPF FONDSFINANS UTBYTTE		1100000	1.10000
20	J.P. Morgan SE	Nominee	1061916	1.06192
			54636971	54.636971

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