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Holdings, Q3 2026

Largest first. Common shares only.

Latest 13F holdings
#The fund's own figures at the end of the quarter. A report can be up to 45 days old when it is filed. Options and bonds are not counted here.Filing
1EQNR
Equinor ASA · ADR
88.51M$3.7B64.5%-2.8%13F ↗
2Frontline plc9.75M$480.5M8.4%-3.3%13F ↗
3CDLR
Cadeler A S · ADR
18.47M$404.4M7.1%New13F ↗
4NVO
Novo Nordisk A/S · ADR
9.46M$358.7M6.3%-0.6%13F ↗
5Hafnia - ISIN BMG4233B109029.44M$292.7M5.1%+0.7%13F ↗
6Bw Lpg - Isin SGXZ6943676410.50M$263.1M4.6%+10.5%13F ↗
7NOK
Nokia Corporation Sponsored · ADR
14.52M$147.2M2.6%+26.5%13F ↗
8CMBT
Cmb.tech NV
2.82M$53.3M0.9%Unchanged13F ↗
9VCRE
Vicore Pharma Holding AB · ADR
972,852$9.3M0.2%New13F ↗
10TRMD
TORM plc
227,189$8.6M0.2%-20.4%13F ↗
11ECO
Okeanis Eco Tankers Corp.
74,789$6.0M0.1%+132%13F ↗
12GMAB
Genmab A/S · ADR
165,082$5.9M0.1%Unchanged13F ↗

Changes since Q2 2026

2 new, 4 added to, 4 trimmed, 1 exited, 2 unchanged. By estimated dollars.

New positions (2)

New positions
CDLR
Cadeler A S · ADR
18.47MNew$404.4M
VCRE
Vicore Pharma Holding AB · ADR
972,852New$9.3M

Added to (4)

Added to
NOK
Nokia Corporation Sponsored · ADR
14.52M+26.5%$30.8M
Bw Lpg - Isin SGXZ6943676410.50M+10.5%$24.9M
ECO
Okeanis Eco Tankers Corp.
74,789+132%$3.4M
Hafnia - ISIN BMG4233B109029.44M+0.7%$2.0M

Trimmed (4)

Trimmed
EQNR
Equinor ASA · ADR
88.51M-2.8%-$104.3M
Frontline plc9.75M-3.3%-$16.3M
NVO
Novo Nordisk A/S · ADR
9.46M-0.6%-$2.3M
TRMD
TORM plc
227,189-20.4%-$2.2M

Exited (1)

Exited
PositionSharesChangeEst. dollars
Cadeler - ISIN DK0061412772
ADR
18.47MExited-$404.8M

The 10 largest of each, by estimated dollars: shares changed times the later report's price. Index tracking, splits and mergers move positions too.

Compare two quarters

Pick any two quarters: what is new, added to, trimmed or exited. Premium plan.

Reported value by quarter

Value and number of positions at the end of each quarter.

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Largest positions in earlier quarters

Pick a quarter to see what the fund's biggest positions were then.

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Ten largest positions

By value, Q3 2026.

$0$1.0B$2.0B$3.0B$4.0BEQNR · Value: $3,682,203,907EQNRFrontlin… · Value: $480,509,715Frontlin…CDLR · Value: $404,386,995CDLRNVO · Value: $358,661,241NVOHafnia… · Value: $292,671,750Hafnia…Bw Lpg… · Value: $263,148,547Bw Lpg…NOK · Value: $147,230,985NOKCMBT · Value: $53,324,674CMBTVCRE · Value: $9,251,823VCRETRMD · Value: $8,644,541TRMD

Filings

13F filings
Filing
Q3 2026Nov 13, 202613F-HR12$5.7BCurrentSEC ↗
Q2 2026Aug 13, 202613F-HR11$4.6BCurrentSEC ↗
Q1 2026May 13, 202613F-HR11$5.6BCurrentSEC ↗
Q4 2025Feb 12, 202613F-HR11$4.3BCurrentSEC ↗
Q3 2025Nov 3, 202513F-HR10$4.3BCurrentSEC ↗
Q2 2025Aug 12, 202513F-HR10$4.5BCurrentSEC ↗
Q1 2025May 2, 202513F-HR10$4.5BCurrentSEC ↗

Most recent first, up to 80. An amendment can replace a report or add holdings to it. All 13F filings

Information, not investment advice. Values are the fund's own figures at quarter end; a report can be up to 45 days old when filed. Disclaimer