Folketrygdfondet

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Folketrygdfondet reported 12 stock positions worth $5.1 billion. Its top holding was Equinor ASA-Spon ADR (EQNR) at 53.3% of the portfolio, followed by Novo-Nordisk A/S-Spons ADR (NVO, 20.7%) and Cadeler - ISIN DK0061412772 (8.1%). Compared with Q2 2024, it sold out of 1, added to 5 and reduced 2. The biggest buy was Cadeler - ISIN DK0061412772 (shares +68%) and the biggest sale Equinor ASA-Spon ADR (EQNR, shares −4%).

Most Recent 13F
Q2 2026
Location
OSLO, Q8
CIK
0001269094
Portfolio Value
$5.1B (Q3 2024)
SEC Filing
0001104659-24-117575 ↗ filed Nov 13, 2024

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $4.6B Q1 2024 Q2 2024: $5.7B Q2 2024 Q3 2024: $5.1B $5.1B Q3 2024 Q4 2024: $4.5B Q4 2024 Q1 2025: $4.5B Q1 2025 Q2 2025: $4.5B Q2 2025 Q3 2025: $4.3B Q3 2025 Q4 2025: $4.3B Q4 2025 Q1 2026: $5.6B Q1 2026 Q2 2026: $4.6B Q2 2026

Holdings 12 stocks · $5.1B
EQNR Equinor ASA-Spon ADR 53.28% 107,165,607 $2.7B Reduce -3.6%
NVO Novo-Nordisk A/S-Spons ADR 20.72% 8,863,625 $1.1B Add +0.3%
Cadeler - ISIN DK0061412772 8.05% 14,555,887 $410.2M Add +67.8%
FRONTLINE LTD 5.33% 11,893,859 $271.8M Add +8.8%
Hafnia - ISIN BMG4233B1090 4.32% 30,729,298 $220.0M Add +14.8%
BW LPG - ISIN SGXZ69436764 2.61% 9,248,119 $133.2M Reduce -0.1%
GOLDEN OCEAN GROUP LTD 1.97% 7,487,265 $100.2M No change
BORR Borr Drilling Ltd. 1.45% 13,500,440 $74.1M Add +7.2%
NOK Nokia Corp.-Spon ADR 1.05% 12,357,983 $53.6M No change
AstraZeneca - ISIN GB0009895292 0.63% 411,287 $32.0M No change
FLNG Flex LNG Ltd. 0.50% 993,186 $25.3M No change
GMAB Genmab A/S -SP ADR 0.08% 170,385 $4.2M No change

Portfolio Sells Q2 2024 → Q3 2024
EQNR Equinor ASA-Spon ADR Reduce -3.6% 53.28% −2.78
SDRL Seadrill Limited Sold out 0.00% −0.58
BW LPG - ISIN SGXZ69436764 Reduce -0.1% 2.61% −0.51

Portfolio Buys Q2 2024 → Q3 2024
Cadeler - ISIN DK0061412772 Add +67.8% 8.05% +4.22
FRONTLINE LTD Add +8.8% 5.33% +0.36
Hafnia - ISIN BMG4233B1090 Add +14.8% 4.32% +0.35
BORR Borr Drilling Ltd. Add +7.2% 1.45% +0.02
NVO Novo-Nordisk A/S-Spons ADR Add +0.3% 20.72% −1.56

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 11$4.6BEQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090
Q1 2026 11$5.6BEQNR, Cadeler - ISIN DK0061412772, FRONTLINE LTD, NVO, Hafnia - ISIN BMG4233B1090
Q4 2025 11$4.3BEQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090
Q3 2025 10$4.3BEQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090
Q2 2025 10$4.5BEQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090
Q1 2025 10$4.5BEQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090
Q4 2024 11$4.5BEQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090
Q3 2024 12$5.1BEQNR, NVO, Cadeler - ISIN DK0061412772, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090
Q2 2024 13$5.7BEQNR, NVO, FRONTLINE LTD, Hafnia - ISIN BMG4233B1090, Cadeler - ISIN DK0061412772
Q1 2024 11$4.6BEQNR, NVO, FRONTLINE LTD, GOLDEN OCEAN GROUP LTD, BORR