Folketrygdfondet
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Folketrygdfondet reported 11 stock positions worth $4.6 billion. Its top holding was Equinor ASA-Spon ADR (EQNR) at 61.7% of the portfolio, followed by Novo-Nordisk A/S-Spons ADR (NVO, 9.8%) and Cadeler - ISIN DK0061412772 (8.7%). Compared with Q1 2026, it opened 1 new position, sold out of 1, added to 5 and reduced 3. The biggest buy was Novo-Nordisk A/S-Spons ADR (NVO, shares +5%) and the biggest sale Equinor ASA-Spon ADR (EQNR, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- OSLO, Q8
- CIK
- 0001269094
- Portfolio Value
- $4.6B (Q2 2026)
- SEC Filing
- 0001104659-26-095556 ↗ filed Aug 13, 2026
Holdings Value
Holdings 11 stocks · $4.6B
| EQNR Equinor ASA-Spon ADR | 61.66% | 91,020,939 | $2.9B | Reduce -2.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 9.85% | 9,522,383 | $456.5M | Add +4.9% |
| Cadeler - ISIN DK0061412772 | 8.73% | 18,473,595 | $404.8M | Add +0.0% |
| FRONTLINE LTD | 7.57% | 10,082,471 | $350.8M | Reduce -6.1% |
| Hafnia - ISIN BMG4233B1090 | 4.19% | 29,245,653 | $194.2M | Add +2.2% |
| BW LPG - ISIN SGXZ69436764 | 3.58% | 9,510,737 | $165.8M | Add +0.3% |
| NOK Nokia Corp.-Spon ADR | 3.29% | 11,477,781 | $152.4M | Reduce -14.8% |
| CMBT CMB Tech NV | 0.85% | 2,816,940 | $39.4M | No change |
| TRMD Torm PLC-A | 0.16% | 285,570 | $7.4M | No change |
| GMAB Genmab A/S -SP ADR | 0.10% | 165,082 | $4.5M | Add +2.7% |
| ECO Okeanis Eco Tankers Corp. | 0.03% | 32,274 | $1.6M | New |
Portfolio Sells Q1 2026 → Q2 2026
| EQNR Equinor ASA-Spon ADR | Reduce -2.7% | 61.66% | −8.37 |
| OCS Oculis Holding AG | Sold out | 0.00% | −0.15 |
| FRONTLINE LTD | Reduce -6.1% | 7.57% | +0.93 |
| NOK Nokia Corp.-Spon ADR | Reduce -14.8% | 3.29% | +1.37 |
Portfolio Buys Q1 2026 → Q2 2026
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $4.6B | EQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090 |
| Q1 2026 | 11 | $5.6B | EQNR, Cadeler - ISIN DK0061412772, FRONTLINE LTD, NVO, Hafnia - ISIN BMG4233B1090 |
| Q4 2025 | 11 | $4.3B | EQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090 |
| Q3 2025 | 10 | $4.3B | EQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090 |
| Q2 2025 | 10 | $4.5B | EQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090 |
| Q1 2025 | 10 | $4.5B | EQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090 |
| Q4 2024 | 11 | $4.5B | EQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090 |
| Q3 2024 | 12 | $5.1B | EQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090 |
| Q2 2024 | 13 | $5.7B | EQNR, NVO, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090, Cadeler - ISIN DK0061412772 |
| Q1 2024 | 11 | $4.6B | EQNR, NVO, FRONTLINE LTD, GOLDEN OCEAN GROUP LTD, BORR |