Borregaard Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

OB:BRG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
27 May 25	BuyNOK 375,840	Tove Andersen	Individual		2,000	NOK 187.92
27 May 25	BuyNOK 376,080	John Ulvan	Individual		2,000	NOK 188.04

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of BRG?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	601,544	0.603%
Private Companies	7,252,755	7.27%
Sovereign Wealth Funds	12,015,250	12%
General Public	18,457,006	18.5%
Institutions	61,401,289	61.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 76.07% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
12.1%	Folketrygdfondet	12,015,250	NOK 2.2b	0%	1.26%
7.27%	Erik Must AS	7,252,755	NOK 1.3b	0%	no data
7.23%	The Goldman Sachs Group, Inc.	7,211,277	NOK 1.3b	0%	0.05%
4.87%	Impax Asset Management Group Plc	4,860,132	NOK 876.8m	0%	0.33%
4.72%	Nordea Investment Management, AB	4,711,459	NOK 849.9m	0%	0.05%
4.23%	Pareto Asset Management AS	4,221,391	NOK 761.5m	0%	4.03%
4.01%	Aberdeen Group Plc	3,997,772	NOK 721.2m	0%	0.04%
3.84%	Storebrand Kapitalforvaltning AS	3,829,530	NOK 690.8m	0%	3.83%
3.78%	The Vanguard Group, Inc.	3,767,183	NOK 679.6m	0%	no data
3.57%	BNPP Asset Management Holding	3,562,705	NOK 642.7m	0%	0.09%
2.73%	ODIN Forvaltning AS	2,718,451	NOK 490.4m	0%	0.54%
2.66%	KLP Kapitalforvaltning AS	2,648,096	NOK 477.7m	0%	0.13%
2.33%	Arctic Asset Management AS	2,319,130	NOK 418.4m	0%	3.47%
2.09%	DNB Asset Management AS	2,087,154	NOK 376.5m	0%	0.11%
1.62%	Degroof Petercam Asset Management	1,612,397	NOK 290.9m	0%	0.12%
1.58%	Jupiter Fund Management Plc	1,579,493	NOK 284.9m	0%	0.08%
1.55%	Janus Henderson Group plc	1,548,776	NOK 279.4m	0%	0.01%
1.08%	Dimensional Fund Advisors LP	1,072,181	NOK 193.4m	0%	no data
1.07%	Juno Investment Partners	1,069,225	NOK 192.9m	0%	29.6%
0.88%	Massachusetts Financial Services Company	878,014	NOK 158.4m	2.4%	no data
0.75%	Schroder Investment Management Limited	743,941	NOK 134.2m	0%	0.01%
0.62%	Handelsbanken Asset Management	621,150	NOK 112.1m	0%	0.02%
0.6%	ODDO BHF Asset Management SAS	598,470	NOK 108.0m	0%	0.14%
0.47%	Eika Kapitalforvaltning AS	467,692	NOK 84.4m	0%	0.25%
0.47%	Baring Asset Management Limited	466,695	NOK 84.2m	0%	0.09%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/18 01:03
End of Day Share Price	2025/11/18 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Borregaard ASA is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Andres Castanos-Mollor	Berenberg
Elliott Geoffrey Jones	Danske Bank