Shareholders

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

As of 2 November 2026, Borregaard had 12 000 shareholders, and 41.0% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 9.7%, Luxembourg 8.4%, The Netherlands 5.8% and the USA 5.7%.

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

	Shareholder		Number of shares	% of capital
1	FOLKETRYGDFONDET		11950364	11.95036
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		3741209	3.74121
5	VERDIPAPIRFOND ODIN NORGE		3300525	3.30053
6	J.P. Morgan SE	Nominee	3067892	3.06789
7	The Bank of New York Mellon SA/NV	Nominee	2471755	2.47176
8	State Street Bank and Trust Comp	Nominee	1565955	1.56596
9	VERDIPAPIRFONDET STOREBRAND NORGE		1558880	1.55888
10	J.P. Morgan SE	Nominee	1442078	1.44208
11	JPMorgan Chase Bank, N.A., London	Nominee	1388405	1.38841
12	The Bank of New York Mellon SA/NV	Nominee	1346167	1.34617
13	J.P. Morgan SE	Nominee	1340672	1.34067
14	FORSVARETS PERSONELLSERVICE		1317107	1.31711
15	VPF FONDSFINANS UTBYTTE		1250000	1.25000
16	Citibank Europe plc	Nominee	1187461	1.18746
17	VERDIPAPIRFONDET KLP AKSJENORGE		1157393	1.15739
18	VERDIPAPIRFONDET KLP AKSJENORGE IN		1076114	1.07611
19	J.P. Morgan SE	Nominee	1061916	1.06192
20	VPF DNB AM NORSKE AKSJER		1006503	1.00650
			54179579	54.179579

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