Shareholders

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

As of 1 December 2025, Borregaard had 10 466 shareholders, and 43.1% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 11.9%, The Netherlands 6.8%, Luxembourg 6.2% and USA 5.6%.

The shareholder list below is based on the Norwegian Central Securities Depository’s share register.

	Shareholder		Number of shares	% of capital
1	FOLKETRYGDFONDET		12552410	12.55241
2	MUST INVEST AS		7322755	7.32276
3	The Bank of New York Mellon SA/NV	Nominee	6105779	6.10578
4	VERDIPAPIRFOND ODIN NORGE		2698279	2.69828
5	PARETO AKSJE NORGE VERDIPAPIRFOND		2580296	2.58030
6	The Bank of New York Mellon SA/NV	Nominee	1725652	1.72565
7	JPMorgan Chase Bank, N.A., London	Nominee	1703664	1.70366
8	Citibank Europe plc	Nominee	1694080	1.69408
9	J.P. Morgan SE	Nominee	1548735	1.54874
10	VERDIPAPIRFONDET STOREBRAND NORGE		1529667	1.52967
11	VERDIPAPIRFONDET DNB NORGE		1503091	1.50309
12	VERDIPAPIRFONDET KLP AKSJENORGE		1463985	1.46399
13	JPMorgan Chase Bank, N.A., London	Nominee	1367774	1.36777
14	J.P. Morgan SE	Nominee	1340672	1.34067
15	The Northern Trust Comp, London Br	Nominee	1247375	1.24738
16	State Street Bank and Trust Comp	Nominee	1147294	1.14729
17	VERDIPAPIRFONDET KLP AKSJENORGE IN		1146093	1.14609
18	VPF FONDSFINANS UTBYTTE		1100000	1.10000
19	BNP Paribas	Nominee	1091091	1.09109
20	J.P. Morgan SE	Nominee	1059416	1.05942
			51928108	51.928108

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