Folketrygdfondet
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Folketrygdfondet reported 11 stock positions worth $4.5 billion. Its top holding was Equinor ASA-Spon ADR (EQNR) at 59.3% of the portfolio, followed by Novo-Nordisk A/S-Spons ADR (NVO, 17.2%) and Cadeler - ISIN DK0061412772 (9.4%). Compared with Q3 2024, it sold out of 1, added to 5 and reduced 1. The biggest buy was Equinor ASA-Spon ADR (EQNR, shares +4%) and the biggest sale an exit from Borr Drilling (BORR).
- Most Recent 13F
- Q2 2026
- Location
- OSLO, Q8
- CIK
- 0001269094
- Portfolio Value
- $4.5B (Q4 2024)
- SEC Filing
- 0001104659-25-010505 ↗ filed Feb 7, 2025
Holdings Value
Holdings 11 stocks · $4.5B
| EQNR Equinor ASA-Spon ADR | 59.29% | 111,466,079 | $2.6B | Add +4.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 17.20% | 8,903,938 | $765.9M | Add +0.5% |
| Cadeler - ISIN DK0061412772 | 9.38% | 18,713,197 | $417.9M | Add +28.6% |
| FRONTLINE LTD | 4.15% | 13,018,183 | $184.7M | Add +9.4% |
| Hafnia - ISIN BMG4233B1090 | 3.90% | 31,150,954 | $173.5M | Add +1.4% |
| BW LPG - ISIN SGXZ69436764 | 2.36% | 9,248,119 | $105.1M | No change |
| GOLDEN OCEAN GROUP LTD | 1.51% | 7,487,265 | $67.1M | No change |
| NOK Nokia Corp.-Spon ADR | 1.02% | 10,251,290 | $45.4M | Reduce -17.1% |
| AstraZeneca - ISIN GB0009895292 | 0.61% | 411,287 | $26.9M | No change |
| FLNG Flex LNG Ltd. | 0.51% | 993,186 | $22.8M | No change |
| GMAB Genmab A/S -SP ADR | 0.08% | 170,385 | $3.6M | No change |
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
| EQNR Equinor ASA-Spon ADR | Add +4.0% | 59.29% | +6.01 |
| Cadeler - ISIN DK0061412772 | Add +28.6% | 9.38% | +1.33 |
| Hafnia - ISIN BMG4233B1090 | Add +1.4% | 3.90% | −0.42 |
| FRONTLINE LTD | Add +9.4% | 4.15% | −1.19 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +0.5% | 17.20% | −3.52 |
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 |