Shareholders

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

As of 15 June 2026, Borregaard had 11 131 shareholders, and 41.6% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 11.6%, Luxembourg 8.4%, The Netherlands 5.8% and the USA 5.2%.

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

	Shareholder		Number of shares	% of capital
1	FOLKETRYGDFONDET		11017646	11.01765
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		3544409	3.54441
5	VERDIPAPIRFOND ODIN NORGE		3200525	3.20053
6	J.P. Morgan SE	Nominee	3050879	3.05088
7	The Bank of New York Mellon SA/NV	Nominee	2593120	2.59312
8	VERDIPAPIRFONDET DNB NORGE		2370421	2.37042
9	JPMorgan Chase Bank, N.A., London	Nominee	1686242	1.68624
10	Citibank Europe plc	Nominee	1545858	1.54586
11	J.P. Morgan SE	Nominee	1375078	1.37508
12	State Street Bank and Trust Comp	Nominee	1342699	1.34270
13	JPMorgan Chase Bank, N.A., London	Nominee	1341207	1.34121
14	J.P. Morgan SE	Nominee	1340672	1.34067
15	VERDIPAPIRFONDET KLP AKSJENORGE		1339026	1.33903
16	FORSVARETS PERSONELLSERVICE		1301907	1.30191
17	VERDIPAPIRFONDET STOREBRAND NORGE		1274009	1.27401
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
			54682172	54.682172

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