Shareholders

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

As of 12 October 2026, Borregaard had 12 212 shareholders, and 40.5% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 9.8%, Luxembourg 8.4%, The Netherlands 5.8% and the USA 5.5%.

The shareholder list below is based on the share register from Euronext Securities Oslo.

	Shareholder		Number of shares	% of capital
1	FOLKETRYGDFONDET		11954770	11.95477
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		3752509	3.75251
5	VERDIPAPIRFOND ODIN NORGE		3300525	3.30053
6	J.P. Morgan SE	Nominee	3062305	3.06231
7	The Bank of New York Mellon SA/NV	Nominee	2231433	2.23143
8	State Street Bank and Trust Comp	Nominee	1566453	1.56645
9	VERDIPAPIRFONDET DNB NORGE		1565863	1.56586
10	Citibank Europe plc	Nominee	1516515	1.51652
11	J.P. Morgan SE	Nominee	1442078	1.44208
12	VERDIPAPIRFONDET STOREBRAND NORGE		1411946	1.41195
13	JPMorgan Chase Bank, N.A., London	Nominee	1388405	1.38841
14	The Bank of New York Mellon SA/NV	Nominee	1346158	1.34616
15	J.P. Morgan SE	Nominee	1340672	1.34067
16	FORSVARETS PERSONELLSERVICE		1317107	1.31711
17	VPF FONDSFINANS UTBYTTE		1250000	1.25000
18	VERDIPAPIRFONDET KLP AKSJENORGE		1157393	1.15739
19	J.P. Morgan SE	Nominee	1061916	1.06192
20	VERDIPAPIRFONDET DNB NORGE INDEKS		1027850	1.02785
			54643081	54.643081

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