Returns–Not enough quarters yet
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| EQNREquinor ASA - COM ISIN NO0010096985 | $2.9B | 61.7% | −2.7% |
| NVONovo-Nordisk A S - COM ISIN DK0062498333 | $456.5M | 9.8% | +4.9% |
| Cadeler - ISIN DK0061412772CUSIP DK0061412 | $404.8M | 8.7% | |
| Frontline Ltd. - COM ISIN BMG3682E1921CUSIP G3682E192 | $350.8M | 7.6% | −6.1% |
| Hafnia - ISIN BMG4233B1090CUSIP BMG4233B1 | $194.2M | 4.2% | +2.2% |
| Bw Lpg - Isin Sgxz69436764CUSIP SGXZ69436 | $165.8M | 3.6% | |
| NOKNokia Corp - COM ISIN FI0009000681 | $152.4M | 3.3% | −14.8% |
| CMB Tech - ISIN BE0003816338CUSIP B38564108 | $39.4M | 0.9% | |
| TORM plc - ISIN GB00BZ3CNK81CUSIP G89479102 | $7.4M | 0.2% | |
| GMABGenmab A S - COM ISIN DK0010272202 | $4.5M | 0.1% | +2.7% |
| Okeanis Eco Tankers Corp - ISIN MHY641771016CUSIP Y64177101 | $1.6M | 0.0% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NOKNokia Corp - COM ISIN FI0009000681 | June 30, 2020 | +201.8% | $152.4M |
| EQNREquinor ASA - COM ISIN NO0010096985 | June 30, 2020 | +116.8% | $2.9B |
| CMB Tech - ISIN BE0003816338CUSIP B38564108 | September 30, 2025 | +49.0% | $39.4M |
| NVONovo-Nordisk A S - COM ISIN DK0062498333 | June 30, 2020 | +46.4% | $456.5M |
| TORM plc - ISIN GB00BZ3CNK81CUSIP G89479102 | September 30, 2025 | +26.4% | $7.4M |
| GMABGenmab A S - COM ISIN DK0010272202 | June 30, 2020 | −18.9% | $4.5M |
Sold off last quarter
- Oculis Holding AG-ISIN CH1242303498CUSIP H5870P102 was $8.5M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −14.1% | +14.8% |
| September 30, 2025 | −6.0% | +7.8% |
| June 30, 2025 | −4.2% | +10.5% |
| September 30, 2024 | −12.3% | +5.4% |
| June 30, 2024 | +7.0% | +4.0% |
| March 31, 2024 | −4.7% | +10.0% |
| December 31, 2023 | +0.2% | +11.2% |
| September 30, 2023 | +11.8% | −3.6% |
| June 30, 2023 | +1.2% | +8.3% |
| March 31, 2023 | −13.2% | +7.0% |
| December 31, 2022 | +10.9% | +7.1% |
| September 30, 2022 | −5.5% | −5.3% |
| March 31, 2022 | +32.8% | −4.9% |
| December 31, 2021 | +4.2% | +10.7% |
| September 30, 2021 | +16.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Folketrygdfondet Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1269094&type=13F-HR&dateb=&owner=include&count=40CIK 1269094
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1269094/000110465926095556/Filed August 13, 2026 · accession 0001104659-26-095556