Q3 2025 Holdings
Filed 2025-11-03 | 10 holdings | $4.3B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Equinor ASA - COM Isin No0010096985(EQNR) | Sponsored ADR | 29446M102 | $2.6B | 105,446,508 | 60.1% |
| Novo-Nordisk A S - COM Isin Dk0062498333(NVO) | ADR | 670100205 | $566.7M | 10,211,913 | 13.3% |
| Cadeler - Isin Dk0061412772 | Sponsored ADR | DK0061412 | $404.2M | 19,573,277 | 9.5% |
| Frontline Ltd. - COM Isin Bmg3682e1921(FRO) | Shares | G3682E192 | $289.7M | 12,710,574 | 6.8% |
| Hafnia - Isin Bmg4233b1090 | Shares | BMG4233B1 | $192.1M | 32,068,802 | 4.5% |
| BW LPG - Isin Sgxz69436764(BWLP) | Shares | SGXZ69436 | $110.2M | 7,719,341 | 2.6% |
| Nokia Corp - COM Isin Fi0009000681(NOK) | Sponsored ADR | 654902204 | $83.6M | 17,380,530 | 2.0% |
| CMB Tech - Isin Be0003816338(CMBT) | Shares | B38564108 | $51.7M | 5,500,684 | 1.2% |
| Genmab A S - COM Isin Dk0010272202(GMAB) | Sponsored ADS | 372303206 | $5.4M | 174,805 | 0.1% |
| Torm plc - Isin Gb00bz3cnk81(TRMD) | Shares | G89479102 | $1.8M | 87,099 | 0.0% |