Q4 2025 Holdings
Filed 2026-02-12 | 11 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 | $2.7B | 104,239,574 | 63.9% |
| Novo-Nordisk A S - COM Isin Dk0062498333(NVO) | ADR | 670100205 | $517.2M | 10,164,137 | 12.0% |
| Cadeler - Isin Dk0061412772 | Sponsored ADR | DK0061412 | $364.4M | 19,603,430 | 8.5% |
| Frontline Ltd. - COM Isin Bmg3682e1921(FRO) | Shares | G3682E192 | $263.0M | 12,053,141 | 6.1% |
| Hafnia - Isin Bmg4233b1090 | Shares | BMG4233B1 | $170.6M | 31,998,390 | 4.0% |
| BW LPG - Isin Sgxz69436764(BWLP) | Shares | SGXZ69436 | $101.3M | 7,731,233 | 2.4% |
| Nokia Corp - COM Isin Fi0009000681(NOK) | Sponsored ADR | 654902204 | $94.8M | 14,652,619 | 2.2% |
| CMB Tech - Isin Be0003816338(CMBT) | Shares | B38564108 | $27.3M | 2,829,165 | 0.6% |
| Genmab A S - COM Isin Dk0010272202(GMAB) | Sponsored ADS | 372303206 | $5.4M | 174,805 | 0.1% |
| Torm plc - Isin Gb00bz3cnk81(TRMD) | Shares | G89479102 | $4.7M | 238,662 | 0.1% |
| Oculis Holding AG-Isin Ch1242303498(OCS) | Shares | H5870P102 | $3.7M | 182,800 | 0.1% |