Folketrygdfondet

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Folketrygdfondet reported 11 stock positions worth $5.6 billion. Its top holding was Equinor ASA-Spon ADR (EQNR) at 70.0% of the portfolio, followed by Cadeler - ISIN DK0061412772 (7.7%) and Frontline (6.6%). Compared with Q4 2025, it added to 3 and reduced 8. The biggest buy was BW LPG - Isin SGXZ69436764 (shares +23%) and the biggest sale Novo-Nordisk A/S-Spons ADR (NVO, shares −11%).

Most Recent 13F
Q2 2026
Location
OSLO, Q8
CIK
0001269094
Portfolio Value
$5.6B (Q1 2026)
SEC Filing
0001104659-26-059788 ↗ filed May 13, 2026

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 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 $5.6B Q1 2026 Q2 2026: $4.6B Q2 2026

Holdings 11 stocks · $5.6B
EQNR Equinor ASA-Spon ADR 70.03% 93,516,237 $3.9B Reduce -10.3%
Cadeler - ISIN DK0061412772 7.71% 18,470,964 $434.6M Reduce -5.8%
FRONTLINE LTD 6.64% 10,732,371 $374.1M Reduce -11.0%
NVO Novo-Nordisk A/S-Spons ADR 5.92% 9,080,820 $333.7M Reduce -10.7%
Hafnia - ISIN BMG4233B1090 3.86% 28,628,679 $217.6M Reduce -10.5%
BW LPG - ISIN SGXZ69436764 2.92% 9,483,691 $164.7M Add +22.7%
NOK Nokia Corp.-Spon ADR 1.92% 13,476,498 $108.4M Reduce -8.0%
CMBT CMB Tech NV 0.62% 2,816,940 $35.2M Reduce -0.4%
OCS Oculis Holding AG 0.15% 319,556 $8.5M Add +74.8%
TRMD Torm PLC-A 0.14% 285,570 $8.0M Add +19.6%
GMAB Genmab A/S -SP ADR 0.08% 160,773 $4.3M Reduce -8.0%

Portfolio Sells Q4 2025 → Q1 2026
NVO Novo-Nordisk A/S-Spons ADR Reduce -10.7% 5.92% −6.11
Cadeler - ISIN DK0061412772 Reduce -5.8% 7.71% −0.77
NOK Nokia Corp.-Spon ADR Reduce -8.0% 1.92% −0.28
Hafnia - ISIN BMG4233B1090 Reduce -10.5% 3.86% −0.11
GMAB Genmab A/S -SP ADR Reduce -8.0% 0.08% −0.05
CMBT CMB Tech NV Reduce -0.4% 0.62% −0.01
FRONTLINE LTD Reduce -11.0% 6.64% +0.52
EQNR Equinor ASA-Spon ADR Reduce -10.3% 70.03% +6.15

Portfolio Buys Q4 2025 → Q1 2026
BW LPG - ISIN SGXZ69436764 Add +22.7% 2.92% +0.57
OCS Oculis Holding AG Add +74.8% 0.15% +0.07
TRMD Torm PLC-A Add +19.6% 0.14% +0.03

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