DNB Asset Management Boosts Stake in Borr Drilling

Investment firm increases ownership in offshore drilling company by over 22,000%

Mar. 3, 2026 at 12:47am

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DNB Asset Management AS significantly increased its stake in Borr Drilling Limited (NYSE:BORR) during the third quarter, boosting its position by 22,394.8% to 3,875,175 shares. The institutional investor now owns approximately 1.64% of the offshore drilling company.

Why it matters

Borr Drilling, which focuses on operating mobile offshore jack-up rigs, has seen increased investor interest as the offshore drilling industry recovers from the pandemic-driven downturn. DNB Asset Management's substantial increase in its Borr Drilling stake suggests the firm sees significant upside potential in the company's shares.

The details

According to a recent SEC filing, DNB Asset Management acquired an additional 3,857,948 shares of Borr Drilling during the third quarter, bringing its total position to 3,875,175 shares. This represents a 22,394.8% increase in the firm's stake in the company. Borr Drilling, which is listed on the New York Stock Exchange, has a current market capitalization of $1.93 billion.

  • DNB Asset Management disclosed its increased stake in Borr Drilling in a filing on March 1, 2026.

The players

DNB Asset Management AS

A Norwegian investment management firm that oversees approximately $300 billion in assets.

Borr Drilling Limited

An international offshore drilling contractor that provides premium jack-up drilling services to the oil and gas industry.

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The takeaway

DNB Asset Management's substantial increase in its Borr Drilling stake suggests the firm sees significant growth potential in the offshore drilling company as the industry recovers. This could signal increased investor confidence in Borr Drilling's long-term prospects.