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Folketrygdfondet 13F Portfolio

Portfolio Manager
Folketrygdfondet
Performance
-17.42% (2026 Q2)
AUM (13F)
$4.64B
# of Holdings
11
Performance Rank
Allocation (Top 20)
83.51%
Latest filing
Q2 2026

Folketrygdfondet Holdings Map

Top 8 Folketrygdfondet Holdings

Top 10 holdings

StockCompany% Port.SharesValueActivityOwnershipAvg. CostDate
EQNR
Equinor ASA - COM ISIN NO0010096985
61.66%91.02M$2.86B
-2.67%(-2.50M)
2025-Q2: 112.26M shares2025-Q3: 105.45M shares2025-Q4: 104.24M shares2026-Q1: 93.52M shares2026-Q2: 91.02M shares
$34.77(+15.95%)
2026-06-30
NVO
Novo-Nordisk A S - COM ISIN DK0062498333
9.85%9.52M$456.5M
+4.86%(+441.56K)
2025-Q2: 10.09M shares2025-Q3: 10.21M shares2025-Q4: 10.16M shares2026-Q1: 9.08M shares2026-Q2: 9.52M shares
$57.45(-19.25%)
2026-06-30
FRO
Frontline Ltd. - COM ISIN BMG3682E1921
7.57%10.08M$350.8M
-6.06%(-649.90K)
2025-Q2: 12.63M shares2025-Q3: 12.71M shares2025-Q4: 12.05M shares2026-Q1: 10.73M shares2026-Q2: 10.08M shares
$12.92(+206.17%)
2026-06-30
NOK
Nokia Corp - COM ISIN FI0009000681
3.29%11.48M$152.4M
-14.83%(-2.00M)
2025-Q2: 10.43M shares2025-Q3: 17.38M shares2025-Q4: 14.65M shares2026-Q1: 13.48M shares2026-Q2: 11.48M shares
$4.99(+106.94%)
2026-06-30
CMBT
CMB Tech - ISIN BE0003816338
0.85%2.82M$39.4M
+0.00%(+0)
2025-Q2: 0 shares2025-Q3: 5.50M shares2025-Q4: 2.83M shares2026-Q1: 2.82M shares2026-Q2: 2.82M shares
$9.21(+81.97%)
2026-06-30
TRMD
TORM plc - ISIN GB00BZ3CNK81
0.16%285.6K$7.4M
+0.00%(+0)
2025-Q2: 0 shares2025-Q3: 87.1K shares2025-Q4: 238.7K shares2026-Q1: 285.6K shares2026-Q2: 285.6K shares
$20.25(+43.04%)
2026-06-30
GMAB
Genmab A S - COM ISIN DK0010272202
0.1%165.1K$4.5M
+2.68%(+4.31K)
2025-Q2: 172.8K shares2025-Q3: 174.8K shares2025-Q4: 174.8K shares2026-Q1: 160.8K shares2026-Q2: 165.1K shares
$34.15(-8.00%)
2026-06-30
ECO
Okeanis Eco Tankers Corp - ISIN MHY641771016
0.03%32.3K$1.6Mnew2025-Q2: 0 shares2025-Q3: 0 shares2025-Q4: 0 shares2026-Q1: 0 shares2026-Q2: 32.3K shares
$49.89(+26.05%)
2026-06-30

About Folketrygdfondet’s portfolio

Folketrygdfondet reports $4.64B in US-listed equity holdings across 11 positions in its most recent 13F filing. Its largest disclosed positions are EQNR (61.7%), NVO (9.8%) and FRO (7.6%). The top 20 holdings account for 83.51% of reported assets. Its disclosed equity book has returned +8.25% on a three-year cumulative basis. Figures reflect the Q2 2026 filing.

Portfolio concentration

Portfolio concentration
EQNR — 73.8% ($2.86B)NVO — 11.8% ($456.50M)FRO — 9.1% ($350.77M)NOK — 3.9% ($152.42M)CMBT — 1.0% ($39.41M)TRMD — 0.2% ($7.44M)GMAB — 0.1% ($4.53M)ECO — 0.0% ($1.62M)
100%in top 8
  • EQNR73.8%
  • NVO11.8%
  • FRO9.1%
  • NOK3.9%
  • CMBT1.0%
  • TRMD0.2%
  • GMAB0.1%
  • ECO0.0%

Portfolio changes

What the fund actually did

Every reported change this quarter, grouped by direction. The signal is in the rotation, not any single trade.

New buys
1
ECOOkeanis Eco Tankers Corp - ISIN MHY6417710160.0%
Added to
2
NVONovo-Nordisk A S - COM ISIN DK0062498333+4.9%
GMABGenmab A S - COM ISIN DK0010272202+2.7%
Trimmed
3
EQNREquinor ASA - COM ISIN NO0010096985-2.7%
NOKNokia Corp - COM ISIN FI0009000681-14.8%
FROFrontline Ltd. - COM ISIN BMG3682E1921-6.1%

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Source filings

Holdings on this page are parsed from Folketrygdfondet’s Form 13F filings with the U.S. Securities and Exchange Commission (CIK 1269094). View Folketrygdfondet’s 13F filings on SEC

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