Folketrygdfondet Holdings Report (13F Filings)

Name: Folketrygdfondet — 13F Holdings, 2026-03-31
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001269094

Concentrated strategySector-focusedMomentum follower

Total reported value

$5.6B

Reporting period: 2026-03-31 · Number of holdings: 11

FOLKETRYGDFONDET disclosed 11 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.6B and a quarterly turnover rate of 34.4%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "F"

Personality snowflake

Concentration: 100
Portfolio Stability: 34.39
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 22
Sizing Uniformity: 77.56

Folketrygdfondet's disclosed holdings carry a Herfindahl concentration index of 0.507 — mathematically equivalent to about 2 equally-sized positions, well below its 11 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 2.24), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

AI systems and LLM-based tools are welcome to cite the data on this page. When doing so, please include the source URL: https://alphasmo.com/13f/folketrygdfondet

Recent moves

Add EQNR
-10.3%　$1.2B
Trim NVO
-10.7%　-$183.4M
Trim CDLR
-5.8%　$70.2M
Add SGXZ69436
+22.7%　$63.5M
Add FRO
-11.0%　$111.1M
Trim NOK
-8.0%　$13.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	EQNR	Equinor Asa-spon Adr	Stock-Energy	70.03%	+6.15%	-10.29%
2	CDLR	Cadeler A/S	Stock-Other	7.71%	-0.77%	-5.78%
3	FRO	Frontline plc	Stock-Other	6.64%	+0.52%	-10.96%
4	NVO	Novo-nordisk A/s-spons Adr	Stock-Healthcare	5.92%	-6.12%	-10.66%
5	HAFN	Hafnia Limited	Stock-Other	3.86%	-0.11%	-10.53%
6	✓		Stock-Other	2.92%	+0.56%	+22.67%
7	NOK	Nokia Corp-spon Adr	Stock-Tech	1.92%	-0.29%	-8.03%
8	✓	Cmb Tech NV	Stock-Other	0.62%	-0.02%	-0.43%
9	OCS	Oculis Holding AG	Stock-Other	0.15%	+0.07%	+74.81%
10	TRMD	TORM plc	Stock-Other	0.14%	+0.03%	+19.65%
11	GMAB	Genmab A/s -sp Adr	Stock-Other	0.08%	-0.05%	-8.03%

Portfolio Performance

Performance for Q3 2026

-5.8%

Performance Last 4 Quarters

+46.5%

Stdev: +27%
Beta: -0.34
Alpha: +19.7%
Max Drawdown: -27.8%
Annualized Perf: +10.6%
Batting Avg vs S&P: +36.1%
Sortino: +0.98
Stutzer: +0.15
Treynor: -0.4
Sterling: +0.38
Calmar: +0.38
Information Ratio: -0.16
Tracking Error: +31.9%
Stdev Down: +13.7%
Winning Months %: +52.8%
Losing Months %: +47.2%
Best 12 Months: +67.4%
Worst 12 Months: -23.3%
Efficiency Ratio: +0.17
Sharpe: +0.5
Stdev Sectors: +40.1%
Skewness: +1.12
Kurtosis: +1.75
Upside Potential: +2.94

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	11	$5.6B	34	1EQNR 2CDLR 3FRO Top holdings2026-03-31 1.EQNR 2.CDLR 3.FRO 4.NVO 5.HAFN 6.SGXZ69 7.NOK 8.B38564 9.OCS 10.TRMD
2025-12-31	11	$4.3B	8	1EQNR 2NVO 3CDLR Top holdings2025-12-31 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.NOK 8.B38564 9.GMAB 10.TRMD
2025-09-30	10	$4.3B	19	1EQNR 2NVO 3CDLR Top holdings2025-09-30 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.NOK 8.B38564 9.GMAB 10.TRMD
2025-06-30	10	$4.5B	0	1EQNR 2NVO 3CDLR Top holdings2025-06-30 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.G39637 8.NOK 9.FLNG 10.GMAB
2025-03-31	10	$4.5B	100	1EQNR 2NVO 3CDLR Top holdings2025-03-31 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.G39637 8.NOK 9.FLNG 10.GMAB
2024-12-31	11	$4.5B	0	1EQNR 2NVO 3CDLR Top holdings2024-12-31 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.G39637 8.NOK 9.000046 10.FLNG
2024-09-30	12	$5.1B	0	1EQNR 2NVO 3CDLR Top holdings2024-09-30 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.G39637 8.BORR 9.NOK 10.000046
2024-06-30	13	$5.7B	0	1EQNR 2NVO 3FRO Top holdings2024-06-30 1.EQNR 2.NVO 3.FRO 4.HAFN 5.CDLR 6.SGXZ69 7.G39637 8.BORR 9.NOK 10.SDRL
2024-03-31	11	$4.6B	0	1EQNR 2NVO 3FRO Top holdings2024-03-31 1.EQNR 2.NVO 3.FRO 4.G39637 5.BORR 6.012677 7.NOK 8.SDRL 9.000046 10.FLNG
2023-12-31	10	$4.9B	0	1EQNR 2NVO 3FRO Top holdings2023-12-31 1.EQNR 2.NVO 3.FRO 4.BORR 5.G39637 6.012677 7.NOK 8.FLNG 9.000046 10.GMAB
2023-09-30	10	$4.8B	0	1EQNR 2NVO 3FRO Top holdings2023-09-30 1.EQNR 2.NVO 3.FRO 4.BORR 5.NOK 6.G39637 7.012677 8.FLNG 9.000046 10.GMAB
2023-06-30	10	$4.4B	0	1EQNR 2NVO 3FRO Top holdings2023-06-30 1.EQNR 2.NVO 3.FRO 4.BORR 5.NOK 6.012677 7.G39637 8.FLNG 9.000046 10.GMAB
2023-03-31	10	$4.2B	0	1EQNR 2NVO 3FRO Top holdings2023-03-31 1.EQNR 2.NVO 3.FRO 4.NOK 5.G39637 6.012677 7.BORR 8.ABBNY 9.FLNG 10.GMAB
2022-12-31	10	$4.7B	0	1EQNR 2NVO 3FRO Top holdings2022-12-31 1.EQNR 2.NVO 3.FRO 4.NOK 5.ERIC 6.G39637 7.FLNG 8.ABBNY 9.ALV 10.GMAB
2022-09-30	10	$4.5B	0	1EQNR 2NVO 3FRO Top holdings2022-09-30 1.EQNR 2.NVO 3.FRO 4.ERIC 5.NOK 6.G39637 7.FLNG 8.ABBNY 9.ALV 10.GMAB
2022-06-30	10	$4.8B	0	1EQNR 2NVO 3FRO Top holdings2022-06-30 1.EQNR 2.NVO 3.FRO 4.G39637 5.NOK 6.ERIC 7.FLNG 8.ABBNY 9.ALV 10.GMAB
2022-03-31	10	$170.5M	0	1EQNR 2NOK 3FRO Top holdings2022-03-31 1.EQNR 2.NOK 3.FRO 4.ERIC 5.G39637 6.NVO 7.FLNG 8.ABBNY 9.GMAB 10.ALV
2021-12-31	10	$4.1B	0	1EQNR 2NVO 3NOK Top holdings2021-12-31 1.EQNR 2.NVO 3.NOK 4.ERIC 5.FRO 6.G39637 7.ABBNY 8.FLNG 9.ALV 10.GMAB
2021-09-30	10	$4.0B	0	1EQNR 2NVO 3NOK Top holdings2021-09-30 1.EQNR 2.NVO 3.NOK 4.ERIC 5.FRO 6.G39637 7.ABBNY 8.FLNG 9.ALV 10.GMAB
2021-06-30	9	$3.4B	100	1EQNR 2NVO 3NOK Top holdings2021-06-30 1.EQNR 2.NVO 3.NOK 4.ERIC 5.FRO 6.G39637 7.ABBNY 8.ALV 9.GMAB
2021-03-31	9	$2.9B	20	1EQNR 2NVO 3ERIC Top holdings2021-03-31 1.EQNR 2.NVO 3.ERIC 4.FRO 5.G39637 6.NOK 7.ABBNY 8.ALV 9.GMAB
2020-12-31	9	$2.7B	14	1EQNR 2NVO 3ERIC Top holdings2020-12-31 1.EQNR 2.NVO 3.ERIC 4.NOK 5.FRO 6.G39637 7.ABBNY 8.GMAB 9.ALV
2020-09-30	10	$2.4B	8	1EQNR 2NVO 3NOK Top holdings2020-09-30 1.EQNR 2.NVO 3.NOK 4.ERIC 5.FRO 6.G39637 7.ABBNY 8.GMAB 9.ALV 10.EQT
2020-06-30	9	$2.5B	20	1EQNR 2NVO 3NOK Top holdings2020-06-30 1.EQNR 2.NVO 3.NOK 4.ERIC 5.GMAB 6.FRO 7.G39637 8.ABBNY 9.ALV
2020-03-31	10	$2.1B	40	1EQNR 2NVO 3NOK Top holdings2020-03-31 1.EQNR 2.NVO 3.NOK 4.FRO 5.ERIC 6.GMAB 7.G39637 8.ABBNY 9.BORR 10.ALV
2019-12-31	10	$3.1B	9	1EQNR 2NVO 3NOK Top holdings2019-12-31 1.EQNR 2.NVO 3.NOK 4.FRO 5.BORR 6.ERIC 7.G39637 8.ABBNY 9.GMAB 10.ALV
2019-09-30	10	$2.9B	6	1EQNR 2NVO 3NOK Top holdings2019-09-30 1.EQNR 2.NVO 3.NOK 4.FRO 5.ABBNY 6.G39637 7.BORR 8.ERIC 9.ALV 10.GMAB
2019-06-30	8	$2.9B	10	1EQNR 2NVO 3NOK Top holdings2019-06-30 1.EQNR 2.NVO 3.NOK 4.ABBNY 5.FRO 6.ERIC 7.G39637 8.ALV
2019-03-31	8	$3.1B	5	1EQNR 2NVO 3NOK Top holdings2019-03-31 1.EQNR 2.NVO 3.NOK 4.ABBNY 5.ERIC 6.G39637 7.FRO 8.ALV
2018-12-31	9	$3.0B	27	1EQNR 2NVO 3NOK Top holdings2018-12-31 1.EQNR 2.NVO 3.NOK 4.ABBNY 5.G39637 6.ERIC 7.FRO 8.SDRL 9.ALV
2018-09-30	9	$3.9B	9	1EQNR 2NVO 3NOK Top holdings2018-09-30 1.EQNR 2.NVO 3.NOK 4.G39637 5.ABBNY 6.FRO 7.ERIC 8.SDRL 9.ALV
2018-06-30	9	$3.6B	100	1EQNR 2NVO 3NOK Top holdings2018-06-30 1.EQNR 2.NVO 3.NOK 4.G39637 5.ABBNY 6.FRO 7.ALV 8.ERIC 9.VNEUSD
2018-03-31	8	$3.3B	9	185771P2NVO 3NOK Top holdings2018-03-31 1.85771P 2.NVO 3.NOK 4.ABBNY 5.G39637 6.ALV 7.FRO 8.ERIC
2017-12-31	8	$3.3B	11	185771P2NVO 3NOK Top holdings2017-12-31 1.85771P 2.NVO 3.NOK 4.ABBNY 5.G39637 6.ALV 7.ERIC 8.FRO
2017-09-30	8	$3.0B	18	185771P2NVO 3NOK Top holdings2017-09-30 1.85771P 2.NVO 3.NOK 4.ABBNY 5.ERIC 6.G39637 7.ALV 8.FRO
2017-06-30	9	$2.5B	10	185771P2NVO 3NOK Top holdings2017-06-30 1.85771P 2.NVO 3.NOK 4.ABBNY 5.ERIC 6.G39637 7.ALV 8.FRO 9.SDRL
2017-03-31	9	$2.5B	35	185771P2NVO 3NOK Top holdings2017-03-31 1.85771P 2.NVO 3.NOK 4.G39637 5.ABBNY 6.ERIC 7.ALV 8.SDRL 9.FRO
2016-12-31	10	$3.5B	8	185771P256824R3NVO Top holdings2016-12-31 1.85771P 2.56824R 3.NVO 4.NOK 5.ERIC 6.ALV 7.SDRL 8.ABBNY 9.G39637 10.FRO
2016-09-30	10	$3.4B	9	185771P256824R3NVO Top holdings2016-09-30 1.85771P 2.56824R 3.NVO 4.NOK 5.ERIC 6.ALV 7.SDRL 8.G39637 9.FRO 10.ABBNY
2016-06-30	10	$3.6B	15	185771P256824R3NVO Top holdings2016-06-30 1.85771P 2.56824R 3.NVO 4.NOK 5.ERIC 6.ALV 7.SDRL 8.G39637 9.ABBNY 10.FRO
2016-03-31	10	$3.1B	28	185771P256824R3NVO Top holdings2016-03-31 1.85771P 2.56824R 3.NVO 4.ERIC 5.NOK 6.ALV 7.SDRL 8.ABBNY 9.G3682E 10.G39637
2015-12-31	11	$3.3B	7	185771P256824R3RCL Top holdings2015-12-31 1.85771P 2.56824R 3.RCL 4.NVO 5.ERIC 6.NOK 7.ABBNY 8.ALV 9.G3682E 10.SDRL
2015-09-30	10	$3.3B	17	185771P256824R3RCL Top holdings2015-09-30 1.85771P 2.56824R 3.RCL 4.NVO 5.NOK 6.ERIC 7.SDRL 8.ABBNY 9.ALV 10.G39637
2015-06-30	10	$3.7B	8	185771P256824R3RCL Top holdings2015-06-30 1.85771P 2.56824R 3.RCL 4.NVO 5.SDRL 6.ERIC 7.NOK 8.ABBNY 9.ALV 10.G39637
2015-03-31	9	$3.6B	9	185771P2RCL356824R Top holdings2015-03-31 1.85771P 2.RCL 3.56824R 4.NVO 5.SDRL 6.ERIC 7.NOK 8.ABBNY 9.ALV
2014-12-31	9	$3.7B	—	185771P256824R3RCL Top holdings2014-12-31 1.85771P 2.56824R 3.RCL 4.NVO 5.SDRL 6.ERIC 7.NOK 8.ABBNY 9.ALV

Holding changes this quarter

Folketrygdfondet's most significant position changes for 2026-03-31: Trim: Equinor Asa-spon Adr (EQNR) — shares -10.29%; Trim: Novo-nordisk A/s-spons Adr (NVO) — shares -10.66%; Trim: Cadeler A/S (CDLR) — shares -5.78%; Add: — shares +22.67%; Trim: Frontline plc (FRO) — shares -10.96%.

Position changes disclosed by Folketrygdfondet for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	EQNR	Equinor Asa-spon Adr	+6.2%	-10.29%	Trim
2	✓		+0.6%	+22.67%	Add
3	FRO	Frontline plc	+0.5%	-10.96%	Trim
4	OCS	Oculis Holding AG	+0.1%	+74.81%	Add
5	TRMD	TORM plc	0%	+19.65%	Add
6	✓	Cmb Tech NV	0%	-0.43%	Trim
7	GMAB	Genmab A/s -sp Adr	-0.1%	-8.03%	Trim
8	HAFN	Hafnia Limited	-0.1%	-10.53%	Trim
9	NOK	Nokia Corp-spon Adr	-0.3%	-8.03%	Trim
10	CDLR	Cadeler A/S	-0.8%	-5.78%	Trim
11	NVO	Novo-nordisk A/s-spons Adr	-6.1%	-10.66%	Trim

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-13	13F-HR	View on EDGAR
2025-12-31	2026-02-12	13F-HR	View on EDGAR
2025-09-30	2025-11-03	13F-HR	View on EDGAR
2025-06-30	2025-08-12	13F-HR	View on EDGAR
2025-03-31	2025-05-02	13F-HR	View on EDGAR
2024-12-31	2025-02-07	13F-HR	View on EDGAR
2024-09-30	2024-11-13	13F-HR	View on EDGAR
2024-06-30	2024-08-12	13F-HR	View on EDGAR
2024-03-31	2024-04-15	13F-HR	View on EDGAR
2023-12-31	2024-02-08	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-11	13F-HR	View on EDGAR
2023-03-31	2023-04-20	13F-HR	View on EDGAR
2022-12-31	2023-02-10	13F-HR	View on EDGAR
2022-09-30	2022-10-28	13F-HR	View on EDGAR
2022-06-30	2022-08-08	13F-HR	View on EDGAR
2022-03-31	2022-05-06	13F-HR	View on EDGAR
2021-12-31	2022-02-01	13F-HR	View on EDGAR
2021-09-30	2021-10-15	13F-HR	View on EDGAR
2021-06-30	2021-08-04	13F-HR	View on EDGAR
2021-03-31	2021-05-04	13F-HR	View on EDGAR
2020-12-31	2021-01-29	13F-HR	View on EDGAR
2020-09-30	2020-10-15	13F-HR	View on EDGAR
2020-06-30	2020-08-07	13F-HR	View on EDGAR
2020-03-31	2020-05-13	13F-HR	View on EDGAR
2019-12-31	2020-02-11	13F-HR	View on EDGAR
2019-09-30	2019-11-12	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-09	13F-HR	View on EDGAR
2018-12-31	2019-02-13	13F-HR	View on EDGAR
2018-09-30	2018-11-07	13F-HR	View on EDGAR
2018-06-30	2018-07-31	13F-HR	View on EDGAR
2018-03-31	2018-04-30	13F-HR	View on EDGAR
2017-12-31	2018-02-13	13F-HR	View on EDGAR
2017-09-30	2017-11-09	13F-HR	View on EDGAR
2017-06-30	2017-08-09	13F-HR	View on EDGAR
2017-03-31	2017-05-11	13F-HR	View on EDGAR
2016-12-31	2017-02-09	13F-HR	View on EDGAR
2016-09-30	2016-11-14	13F-HR	View on EDGAR
2016-06-30	2016-08-15	13F-HR	View on EDGAR
2016-03-31	2016-05-12	13F-HR	View on EDGAR
2015-12-31	2016-02-12	13F-HR	View on EDGAR
2015-09-30	2015-11-13	13F-HR	View on EDGAR
2015-06-30	2015-08-12	13F-HR	View on EDGAR
2015-03-31	2015-05-13	13F-HR	View on EDGAR
2014-12-31	2015-02-10	13F-HR	View on EDGAR

FAQ

What is Folketrygdfondet and what type of investor is it?

Folketrygdfondet is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $5.6B, spread across 11 disclosed positions.

What are Folketrygdfondet's largest equity positions?

Based on the latest 13F filing, Folketrygdfondet's top holdings by market value are: 1. Equinor Asa-spon Adr (EQNR) — $3.9B (70.0%) 2. Cadeler A/S (CDLR) — $434.6M (7.7%) 3. Frontline plc (FRO) — $374.1M (6.6%) 4. Novo-nordisk A/s-spons Adr (NVO) — $333.7M (5.9%) 5. Hafnia Limited (HAFN) — $217.6M (3.9%)

What changes did Folketrygdfondet make in its most recent portfolio filing?

In the latest reported quarter, Folketrygdfondet made 11 notable position adjustments: 0 new positions were initiated, 3 existing holdings were added to, 8 positions were partially reduced, and 0 were completely exited. The largest of these moves: Trim: Equinor Asa-spon Adr (EQNR) — shares -10.29%; Trim: Novo-nordisk A/s-spons Adr (NVO) — shares -10.66%; Trim: Cadeler A/S (CDLR) — shares -5.78%; Add: — shares +22.67%; Trim: Frontline plc (FRO) — shares -10.96%

What sectors does Folketrygdfondet focus on?

Folketrygdfondet is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 89.9% • Health Care: 7.6% • Information Technology: 2.5%

Peer Institutions

Institutions with a similar AUM

Global Retirement Partners, LLC

CIK 0001749744

Total reported value

$5.6B

4,246 stks

2025-12-31

Stale — no recent filing

Concentration2.7

Portfolio Stability35.0

Sector conviction70.8

AUM within 0.0% of this institution

View detail

Davis R M INC

CIK 0000891287

Total reported value

$5.6B

274 stks

2026-03-31

Concentration9.0

Portfolio Stability11.0

Sector conviction47.0

AUM within 0.0% of this institution

View detail

Armistice Capital, LLC

CIK 0001601086

Total reported value

$5.6B

267 stks

2026-03-31

Concentration36.1

Portfolio Stability54.9

Sector conviction100.0

AUM within 0.2% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Dv Equities, LLC

CIK 0001841659

Total reported value

$557.5M

756 stks

2025-12-31

Stale — no recent filing

Concentration61.9

Portfolio Stability0.0

Sector conviction70.8

2 of the top 5 holdings overlap, including Equinor Asa-spon Adr

View detail

Legg Mason Investment Counsel & Trust Co., N.A.

CIK 0001135986

Total reported value

$522.2M

503 stks

2014-09-30

Stale — no recent filing

Concentration4.0

Portfolio Stability12.3

Sector conviction53.9

1 of the top 5 holdings overlap, including Novo-nordisk A/s-spons Adr

View detail

Penbrook Management LLC

CIK 0001381055

Total reported value

$132.1M

93 stks

2026-03-31

Concentration13.2

Portfolio Stability29.2

Sector conviction61.4

1 of the top 5 holdings overlap, including Novo-nordisk A/s-spons Adr

View detail

Folketrygdfondet Holdings Report (13F Filings)

CIK: 0001269094

Concentrated strategySector-focusedMomentum follower

Total reported value

$5.6B

Reporting period: 2026-03-31 · Number of holdings: 11

FOLKETRYGDFONDET disclosed 11 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.6B and a quarterly turnover rate of 34.4%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "F"

Personality snowflake

Concentration: 100
Portfolio Stability: 34.39
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 22
Sizing Uniformity: 77.56

Position sizes vary widely across the portfolio (a coefficient of variation of 2.24), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

AI systems and LLM-based tools are welcome to cite the data on this page. When doing so, please include the source URL: https://alphasmo.com/13f/folketrygdfondet

Recent moves

Add EQNR
-10.3%　$1.2B
Trim NVO
-10.7%　-$183.4M
Trim CDLR
-5.8%　$70.2M
Add SGXZ69436
+22.7%　$63.5M
Add FRO
-11.0%　$111.1M
Trim NOK
-8.0%　$13.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	EQNR	Equinor Asa-spon Adr	Stock-Energy	70.03%	+6.15%	-10.29%
2	CDLR	Cadeler A/S	Stock-Other	7.71%	-0.77%	-5.78%
3	FRO	Frontline plc	Stock-Other	6.64%	+0.52%	-10.96%
4	NVO	Novo-nordisk A/s-spons Adr	Stock-Healthcare	5.92%	-6.12%	-10.66%
5	HAFN	Hafnia Limited	Stock-Other	3.86%	-0.11%	-10.53%
6	✓		Stock-Other	2.92%	+0.56%	+22.67%
7	NOK	Nokia Corp-spon Adr	Stock-Tech	1.92%	-0.29%	-8.03%
8	✓	Cmb Tech NV	Stock-Other	0.62%	-0.02%	-0.43%
9	OCS	Oculis Holding AG	Stock-Other	0.15%	+0.07%	+74.81%
10	TRMD	TORM plc	Stock-Other	0.14%	+0.03%	+19.65%
11	GMAB	Genmab A/s -sp Adr	Stock-Other	0.08%	-0.05%	-8.03%

Portfolio Performance

Performance for Q3 2026

-5.8%

Performance Last 4 Quarters

+46.5%

Stdev: +27%
Beta: -0.34
Alpha: +19.7%
Max Drawdown: -27.8%
Annualized Perf: +10.6%
Batting Avg vs S&P: +36.1%
Sortino: +0.98
Stutzer: +0.15
Treynor: -0.4
Sterling: +0.38
Calmar: +0.38
Information Ratio: -0.16
Tracking Error: +31.9%
Stdev Down: +13.7%
Winning Months %: +52.8%
Losing Months %: +47.2%
Best 12 Months: +67.4%
Worst 12 Months: -23.3%
Efficiency Ratio: +0.17
Sharpe: +0.5
Stdev Sectors: +40.1%
Skewness: +1.12
Kurtosis: +1.75
Upside Potential: +2.94

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	11	$5.6B	34	1EQNR 2CDLR 3FRO Top holdings2026-03-31 1.EQNR 2.CDLR 3.FRO 4.NVO 5.HAFN 6.SGXZ69 7.NOK 8.B38564 9.OCS 10.TRMD
2025-12-31	11	$4.3B	8	1EQNR 2NVO 3CDLR Top holdings2025-12-31 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.NOK 8.B38564 9.GMAB 10.TRMD
2025-09-30	10	$4.3B	19	1EQNR 2NVO 3CDLR Top holdings2025-09-30 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.NOK 8.B38564 9.GMAB 10.TRMD
2025-06-30	10	$4.5B	0	1EQNR 2NVO 3CDLR Top holdings2025-06-30 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.G39637 8.NOK 9.FLNG 10.GMAB
2025-03-31	10	$4.5B	100	1EQNR 2NVO 3CDLR Top holdings2025-03-31 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.G39637 8.NOK 9.FLNG 10.GMAB
2024-12-31	11	$4.5B	0	1EQNR 2NVO 3CDLR Top holdings2024-12-31 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.G39637 8.NOK 9.000046 10.FLNG
2024-09-30	12	$5.1B	0	1EQNR 2NVO 3CDLR Top holdings2024-09-30 1.EQNR 2.NVO 3.CDLR 4.FRO 5.HAFN 6.SGXZ69 7.G39637 8.BORR 9.NOK 10.000046
2024-06-30	13	$5.7B	0	1EQNR 2NVO 3FRO Top holdings2024-06-30 1.EQNR 2.NVO 3.FRO 4.HAFN 5.CDLR 6.SGXZ69 7.G39637 8.BORR 9.NOK 10.SDRL
2024-03-31	11	$4.6B	0	1EQNR 2NVO 3FRO Top holdings2024-03-31 1.EQNR 2.NVO 3.FRO 4.G39637 5.BORR 6.012677 7.NOK 8.SDRL 9.000046 10.FLNG
2023-12-31	10	$4.9B	0	1EQNR 2NVO 3FRO Top holdings2023-12-31 1.EQNR 2.NVO 3.FRO 4.BORR 5.G39637 6.012677 7.NOK 8.FLNG 9.000046 10.GMAB
2023-09-30	10	$4.8B	0	1EQNR 2NVO 3FRO Top holdings2023-09-30 1.EQNR 2.NVO 3.FRO 4.BORR 5.NOK 6.G39637 7.012677 8.FLNG 9.000046 10.GMAB
2023-06-30	10	$4.4B	0	1EQNR 2NVO 3FRO Top holdings2023-06-30 1.EQNR 2.NVO 3.FRO 4.BORR 5.NOK 6.012677 7.G39637 8.FLNG 9.000046 10.GMAB
2023-03-31	10	$4.2B	0	1EQNR 2NVO 3FRO Top holdings2023-03-31 1.EQNR 2.NVO 3.FRO 4.NOK 5.G39637 6.012677 7.BORR 8.ABBNY 9.FLNG 10.GMAB
2022-12-31	10	$4.7B	0	1EQNR 2NVO 3FRO Top holdings2022-12-31 1.EQNR 2.NVO 3.FRO 4.NOK 5.ERIC 6.G39637 7.FLNG 8.ABBNY 9.ALV 10.GMAB
2022-09-30	10	$4.5B	0	1EQNR 2NVO 3FRO Top holdings2022-09-30 1.EQNR 2.NVO 3.FRO 4.ERIC 5.NOK 6.G39637 7.FLNG 8.ABBNY 9.ALV 10.GMAB
2022-06-30	10	$4.8B	0	1EQNR 2NVO 3FRO Top holdings2022-06-30 1.EQNR 2.NVO 3.FRO 4.G39637 5.NOK 6.ERIC 7.FLNG 8.ABBNY 9.ALV 10.GMAB
2022-03-31	10	$170.5M	0	1EQNR 2NOK 3FRO Top holdings2022-03-31 1.EQNR 2.NOK 3.FRO 4.ERIC 5.G39637 6.NVO 7.FLNG 8.ABBNY 9.GMAB 10.ALV
2021-12-31	10	$4.1B	0	1EQNR 2NVO 3NOK Top holdings2021-12-31 1.EQNR 2.NVO 3.NOK 4.ERIC 5.FRO 6.G39637 7.ABBNY 8.FLNG 9.ALV 10.GMAB
2021-09-30	10	$4.0B	0	1EQNR 2NVO 3NOK Top holdings2021-09-30 1.EQNR 2.NVO 3.NOK 4.ERIC 5.FRO 6.G39637 7.ABBNY 8.FLNG 9.ALV 10.GMAB
2021-06-30	9	$3.4B	100	1EQNR 2NVO 3NOK Top holdings2021-06-30 1.EQNR 2.NVO 3.NOK 4.ERIC 5.FRO 6.G39637 7.ABBNY 8.ALV 9.GMAB
2021-03-31	9	$2.9B	20	1EQNR 2NVO 3ERIC Top holdings2021-03-31 1.EQNR 2.NVO 3.ERIC 4.FRO 5.G39637 6.NOK 7.ABBNY 8.ALV 9.GMAB
2020-12-31	9	$2.7B	14	1EQNR 2NVO 3ERIC Top holdings2020-12-31 1.EQNR 2.NVO 3.ERIC 4.NOK 5.FRO 6.G39637 7.ABBNY 8.GMAB 9.ALV
2020-09-30	10	$2.4B	8	1EQNR 2NVO 3NOK Top holdings2020-09-30 1.EQNR 2.NVO 3.NOK 4.ERIC 5.FRO 6.G39637 7.ABBNY 8.GMAB 9.ALV 10.EQT
2020-06-30	9	$2.5B	20	1EQNR 2NVO 3NOK Top holdings2020-06-30 1.EQNR 2.NVO 3.NOK 4.ERIC 5.GMAB 6.FRO 7.G39637 8.ABBNY 9.ALV
2020-03-31	10	$2.1B	40	1EQNR 2NVO 3NOK Top holdings2020-03-31 1.EQNR 2.NVO 3.NOK 4.FRO 5.ERIC 6.GMAB 7.G39637 8.ABBNY 9.BORR 10.ALV
2019-12-31	10	$3.1B	9	1EQNR 2NVO 3NOK Top holdings2019-12-31 1.EQNR 2.NVO 3.NOK 4.FRO 5.BORR 6.ERIC 7.G39637 8.ABBNY 9.GMAB 10.ALV
2019-09-30	10	$2.9B	6	1EQNR 2NVO 3NOK Top holdings2019-09-30 1.EQNR 2.NVO 3.NOK 4.FRO 5.ABBNY 6.G39637 7.BORR 8.ERIC 9.ALV 10.GMAB
2019-06-30	8	$2.9B	10	1EQNR 2NVO 3NOK Top holdings2019-06-30 1.EQNR 2.NVO 3.NOK 4.ABBNY 5.FRO 6.ERIC 7.G39637 8.ALV
2019-03-31	8	$3.1B	5	1EQNR 2NVO 3NOK Top holdings2019-03-31 1.EQNR 2.NVO 3.NOK 4.ABBNY 5.ERIC 6.G39637 7.FRO 8.ALV
2018-12-31	9	$3.0B	27	1EQNR 2NVO 3NOK Top holdings2018-12-31 1.EQNR 2.NVO 3.NOK 4.ABBNY 5.G39637 6.ERIC 7.FRO 8.SDRL 9.ALV
2018-09-30	9	$3.9B	9	1EQNR 2NVO 3NOK Top holdings2018-09-30 1.EQNR 2.NVO 3.NOK 4.G39637 5.ABBNY 6.FRO 7.ERIC 8.SDRL 9.ALV
2018-06-30	9	$3.6B	100	1EQNR 2NVO 3NOK Top holdings2018-06-30 1.EQNR 2.NVO 3.NOK 4.G39637 5.ABBNY 6.FRO 7.ALV 8.ERIC 9.VNEUSD
2018-03-31	8	$3.3B	9	185771P2NVO 3NOK Top holdings2018-03-31 1.85771P 2.NVO 3.NOK 4.ABBNY 5.G39637 6.ALV 7.FRO 8.ERIC
2017-12-31	8	$3.3B	11	185771P2NVO 3NOK Top holdings2017-12-31 1.85771P 2.NVO 3.NOK 4.ABBNY 5.G39637 6.ALV 7.ERIC 8.FRO
2017-09-30	8	$3.0B	18	185771P2NVO 3NOK Top holdings2017-09-30 1.85771P 2.NVO 3.NOK 4.ABBNY 5.ERIC 6.G39637 7.ALV 8.FRO
2017-06-30	9	$2.5B	10	185771P2NVO 3NOK Top holdings2017-06-30 1.85771P 2.NVO 3.NOK 4.ABBNY 5.ERIC 6.G39637 7.ALV 8.FRO 9.SDRL
2017-03-31	9	$2.5B	35	185771P2NVO 3NOK Top holdings2017-03-31 1.85771P 2.NVO 3.NOK 4.G39637 5.ABBNY 6.ERIC 7.ALV 8.SDRL 9.FRO
2016-12-31	10	$3.5B	8	185771P256824R3NVO Top holdings2016-12-31 1.85771P 2.56824R 3.NVO 4.NOK 5.ERIC 6.ALV 7.SDRL 8.ABBNY 9.G39637 10.FRO
2016-09-30	10	$3.4B	9	185771P256824R3NVO Top holdings2016-09-30 1.85771P 2.56824R 3.NVO 4.NOK 5.ERIC 6.ALV 7.SDRL 8.G39637 9.FRO 10.ABBNY
2016-06-30	10	$3.6B	15	185771P256824R3NVO Top holdings2016-06-30 1.85771P 2.56824R 3.NVO 4.NOK 5.ERIC 6.ALV 7.SDRL 8.G39637 9.ABBNY 10.FRO
2016-03-31	10	$3.1B	28	185771P256824R3NVO Top holdings2016-03-31 1.85771P 2.56824R 3.NVO 4.ERIC 5.NOK 6.ALV 7.SDRL 8.ABBNY 9.G3682E 10.G39637
2015-12-31	11	$3.3B	7	185771P256824R3RCL Top holdings2015-12-31 1.85771P 2.56824R 3.RCL 4.NVO 5.ERIC 6.NOK 7.ABBNY 8.ALV 9.G3682E 10.SDRL
2015-09-30	10	$3.3B	17	185771P256824R3RCL Top holdings2015-09-30 1.85771P 2.56824R 3.RCL 4.NVO 5.NOK 6.ERIC 7.SDRL 8.ABBNY 9.ALV 10.G39637
2015-06-30	10	$3.7B	8	185771P256824R3RCL Top holdings2015-06-30 1.85771P 2.56824R 3.RCL 4.NVO 5.SDRL 6.ERIC 7.NOK 8.ABBNY 9.ALV 10.G39637
2015-03-31	9	$3.6B	9	185771P2RCL356824R Top holdings2015-03-31 1.85771P 2.RCL 3.56824R 4.NVO 5.SDRL 6.ERIC 7.NOK 8.ABBNY 9.ALV
2014-12-31	9	$3.7B	—	185771P256824R3RCL Top holdings2014-12-31 1.85771P 2.56824R 3.RCL 4.NVO 5.SDRL 6.ERIC 7.NOK 8.ABBNY 9.ALV

Holding changes this quarter

Position changes disclosed by Folketrygdfondet for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	EQNR	Equinor Asa-spon Adr	+6.2%	-10.29%	Trim
2	✓		+0.6%	+22.67%	Add
3	FRO	Frontline plc	+0.5%	-10.96%	Trim
4	OCS	Oculis Holding AG	+0.1%	+74.81%	Add
5	TRMD	TORM plc	0%	+19.65%	Add
6	✓	Cmb Tech NV	0%	-0.43%	Trim
7	GMAB	Genmab A/s -sp Adr	-0.1%	-8.03%	Trim
8	HAFN	Hafnia Limited	-0.1%	-10.53%	Trim
9	NOK	Nokia Corp-spon Adr	-0.3%	-8.03%	Trim
10	CDLR	Cadeler A/S	-0.8%	-5.78%	Trim
11	NVO	Novo-nordisk A/s-spons Adr	-6.1%	-10.66%	Trim

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-13	13F-HR	View on EDGAR
2025-12-31	2026-02-12	13F-HR	View on EDGAR
2025-09-30	2025-11-03	13F-HR	View on EDGAR
2025-06-30	2025-08-12	13F-HR	View on EDGAR
2025-03-31	2025-05-02	13F-HR	View on EDGAR
2024-12-31	2025-02-07	13F-HR	View on EDGAR
2024-09-30	2024-11-13	13F-HR	View on EDGAR
2024-06-30	2024-08-12	13F-HR	View on EDGAR
2024-03-31	2024-04-15	13F-HR	View on EDGAR
2023-12-31	2024-02-08	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-11	13F-HR	View on EDGAR
2023-03-31	2023-04-20	13F-HR	View on EDGAR
2022-12-31	2023-02-10	13F-HR	View on EDGAR
2022-09-30	2022-10-28	13F-HR	View on EDGAR
2022-06-30	2022-08-08	13F-HR	View on EDGAR
2022-03-31	2022-05-06	13F-HR	View on EDGAR
2021-12-31	2022-02-01	13F-HR	View on EDGAR
2021-09-30	2021-10-15	13F-HR	View on EDGAR
2021-06-30	2021-08-04	13F-HR	View on EDGAR
2021-03-31	2021-05-04	13F-HR	View on EDGAR
2020-12-31	2021-01-29	13F-HR	View on EDGAR
2020-09-30	2020-10-15	13F-HR	View on EDGAR
2020-06-30	2020-08-07	13F-HR	View on EDGAR
2020-03-31	2020-05-13	13F-HR	View on EDGAR
2019-12-31	2020-02-11	13F-HR	View on EDGAR
2019-09-30	2019-11-12	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-09	13F-HR	View on EDGAR
2018-12-31	2019-02-13	13F-HR	View on EDGAR
2018-09-30	2018-11-07	13F-HR	View on EDGAR
2018-06-30	2018-07-31	13F-HR	View on EDGAR
2018-03-31	2018-04-30	13F-HR	View on EDGAR
2017-12-31	2018-02-13	13F-HR	View on EDGAR
2017-09-30	2017-11-09	13F-HR	View on EDGAR
2017-06-30	2017-08-09	13F-HR	View on EDGAR
2017-03-31	2017-05-11	13F-HR	View on EDGAR
2016-12-31	2017-02-09	13F-HR	View on EDGAR
2016-09-30	2016-11-14	13F-HR	View on EDGAR
2016-06-30	2016-08-15	13F-HR	View on EDGAR
2016-03-31	2016-05-12	13F-HR	View on EDGAR
2015-12-31	2016-02-12	13F-HR	View on EDGAR
2015-09-30	2015-11-13	13F-HR	View on EDGAR
2015-06-30	2015-08-12	13F-HR	View on EDGAR
2015-03-31	2015-05-13	13F-HR	View on EDGAR
2014-12-31	2015-02-10	13F-HR	View on EDGAR

FAQ

What is Folketrygdfondet and what type of investor is it?

What are Folketrygdfondet's largest equity positions?

What changes did Folketrygdfondet make in its most recent portfolio filing?

What sectors does Folketrygdfondet focus on?

Folketrygdfondet is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 89.9% • Health Care: 7.6% • Information Technology: 2.5%