FOLKETRYGDFONDET Concentrated Active

CIK: 0001269094 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 12, 2026

Total Value ($000): $4,296,849 (100.0% shares, 0.0% debt)

Holdings (11)

New Positions (1)

OCS Oculis Holding AG-ISIN CH1242303498 0.1%

Value ($000) $3,651 Shares 182,800 Est. Cost $20.00 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OCS	Oculis Holding AG-ISIN CH1242303498	182,800	$3,651	0.1%	$20.00	0.0%	Shares	H5870P102

Increased Positions (1)

TRMD TORM plc - ISIN GB00BZ3CNK81 0.1%

Value ($000) $4,673 (+160.2%) Shares 238,662 (+174.0%) Est. Cost $20.28 Unrealized +2.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TRMD	TORM plc - ISIN GB00BZ3CNK81	238,662 (+174.0%)	$4,673 (+160.2%)	0.1%	$20.28	+2.5%	Shares	G89479102

Decreased Positions (4)

EQNR Equinor ASA - COM ISIN NO0010096985 63.9%

Value ($000) $2,744,628 (+6.8%) Shares 104,239,574 (-1.1%) Est. Cost $33.41 Unrealized —

— Frontline Ltd. - COM ISIN BMG3682E1921 6.1%

Value ($000) $263,000 (-9.2%) Shares 12,053,141 (-5.2%) Est. Cost $12.58 Unrealized —

CMBT CMB Tech - ISIN BE0003816338 0.6%

Value ($000) $27,301 (-47.1%) Shares 2,829,165 (-48.6%) Est. Cost $9.16 Unrealized +6.2%

NOK Nokia Corp - COM ISIN FI0009000681 2.2%

Value ($000) $94,802 (+13.4%) Shares 14,652,619 (-15.7%) Est. Cost $4.67 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EQNR	Equinor ASA - COM ISIN NO0010096985	104,239,574 (-1.1%)	$2,744,628 (+6.8%)	63.9%	$33.41	—	Sponsored ADR	29446M102
—	Frontline Ltd. - COM ISIN BMG3682E1921	12,053,141 (-5.2%)	$263,000 (-9.2%)	6.1%	$12.58	—	Shares	G3682E192
CMBT	CMB Tech - ISIN BE0003816338	2,829,165 (-48.6%)	$27,301 (-47.1%)	0.6%	$9.16	+6.2%	Shares	B38564108
NOK	Nokia Corp - COM ISIN FI0009000681	14,652,619 (-15.7%)	$94,802 (+13.4%)	2.2%	$4.67	—	Sponsored ADR	654902204

Unchanged Positions (5)

NVO Novo-Nordisk A S - COM ISIN DK0062498333 12.0%

Value ($000) $517,151 Shares 10,164,137 Est. Cost $94.90 Unrealized —

— Cadeler - ISIN DK0061412772 8.5%

Value ($000) $364,428 Shares 19,603,430 Est. Cost $25.21 Unrealized —

— Hafnia - ISIN BMG4233B1090 4.0%

Value ($000) $170,551 Shares 31,998,390 Est. Cost $8.12 Unrealized —

— BW LPG - ISIN SGXZ69436764 2.4%

Value ($000) $101,279 Shares 7,731,233 Est. Cost $19.08 Unrealized —

GMAB Genmab A S - COM ISIN DK0010272202 0.1%

Value ($000) $5,384 Shares 174,805 Est. Cost $32.84 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVO	Novo-Nordisk A S - COM ISIN DK0062498333	10,164,137	$517,151	12.0%	$94.90	—	ADR	670100205
—	Cadeler - ISIN DK0061412772	19,603,430	$364,428	8.5%	$25.21	—	Sponsored ADR	DK0061412
—	Hafnia - ISIN BMG4233B1090	31,998,390	$170,551	4.0%	$8.12	—	Shares	BMG4233B1
—	BW LPG - ISIN SGXZ69436764	7,731,233	$101,279	2.4%	$19.08	—	Shares	SGXZ69436
GMAB	Genmab A S - COM ISIN DK0010272202	174,805	$5,384	0.1%	$32.84	—	Sponsored ADS	372303206