Folketrygdfondet
OSLO, Q8
$4.6bn in 11 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 8.5% of the portfolio this quarter.
Value
$4.6bn
Stocks
11
Top 10 share
100.0%
Turnover
8.5%
What changed this quarter
New
Bought for the first time this quarter.
- Okeanis Eco TankersECO<0.1% of the fund
Added
Bought more of a stock they already held.
- Novo Nordisk A SNVO9.8% of the fund+5%
- Hafnia - ISIN BMG4233B10904.2% of the fund+2%
- Genmab A/SGMAB<0.1% of the fund+3%
Cut
Sold some of their stake.
- Equinor ASAEQNR61.7% of the fund-3%
- Frontline7.6% of the fund-6%
- NokiaNOK3.3% of the fund-15%
Sold out
Sold their entire stake.
- Oculis Holding AGOCS-100%
Holdings
- Cadeler - ISIN DK0061412772
- Share
- 8.7%
- Value
- $405m
- Shares
- 18,473,595
Held
- Frontline
- Share
- 7.6%
- Value
- $351m
- Shares
- 10,082,471
-6%
- Hafnia - ISIN BMG4233B1090
- Share
- 4.2%
- Value
- $194m
- Shares
- 29,245,653
+2%
- BW LPG - Isin Sgxz69436764
- Share
- 3.6%
- Value
- $166m
- Shares
- 9,510,737
Held
- NokiaNOK
- Share
- 3.3%
- Value
- $152m
- Shares
- 11,477,781
-15%
- Genmab A/SGMAB
- Share
- <0.1%
- Value
- $5m
- Shares
- 165,082
+3%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Equinor ASAEQNR | 61.7% | $2.9bn | 91,020,939 | -3% |
| Novo Nordisk A SNVO | 9.8% | $457m | 9,522,383 | +5% |
| Cadeler - ISIN DK0061412772 | 8.7% | $405m | 18,473,595 | Held |
| Frontline | 7.6% | $351m | 10,082,471 | -6% |
| Hafnia - ISIN BMG4233B1090 | 4.2% | $194m | 29,245,653 | +2% |
| BW LPG - Isin Sgxz69436764 | 3.6% | $166m | 9,510,737 | Held |
| NokiaNOK | 3.3% | $152m | 11,477,781 | -15% |
| Cmb.tech NVCMBT | 0.9% | $39m | 2,816,940 | Held |
| TormTRMD | 0.2% | $7m | 285,570 | Held |
| Genmab A/SGMAB | <0.1% | $5m | 165,082 | +3% |
| Okeanis Eco TankersECO | <0.1% | $2m | 32,274 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 3.3% since 30 June 2025.
Where the money is
Energy61.7%
Health care9.8%
Industrials1.0%
Other27.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.