Shareholders

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

As of 24 August 2026, Borregaard had 12 115 shareholders, and 39.7% 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 share register from Euronext Securities Oslo.

	Shareholder		Number of shares	% of capital
1	FOLKETRYGDFONDET		12022510	12.02251
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		3731509	3.73151
5	VERDIPAPIRFOND ODIN NORGE		3200525	3.20053
6	J.P. Morgan SE	Nominee	3065017	3.06502
7	VERDIPAPIRFONDET DNB NORGE		2351087	2.35109
8	The Bank of New York Mellon SA/NV	Nominee	1680291	1.68029
9	JPMorgan Chase Bank, N.A., London	Nominee	1676984	1.67698
10	Citibank Europe plc	Nominee	1475267	1.47527
11	J.P. Morgan SE	Nominee	1442078	1.44208
12	VERDIPAPIRFONDET STOREBRAND NORGE		1399543	1.39954
13	J.P. Morgan SE	Nominee	1340672	1.34067
14	JPMorgan Chase Bank, N.A., London	Nominee	1338223	1.33822
15	State Street Bank and Trust Comp	Nominee	1328536	1.32854
16	FORSVARETS PERSONELLSERVICE		1310307	1.31031
17	VERDIPAPIRFONDET KLP AKSJENORGE		1281454	1.28145
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
			55002477	55.002477

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