FOLKETRYGDFONDET
Long book
$5.64B
Q1 2026
Positions
11
Top-10 weight
100%
concentration
Last quarter
-16.9%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsFOLKETRYGDFONDET is a concentrated fundamental stock-picker, specialised in energy (90% of the long book), running a $5.64B US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: EQUINOR ASA-SPON ADR, Cadeler - ISIN DK0061412772, FRONTLINE ORD, NOVO-NORDISK A/S-SPONS ADR, Hafnia - ISIN BMG4233B1090.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+8.7%
Q2 2024
-10.8%
Q3 2024
-10.6%
Q4 2024
+6.4%
Q1 2025
-2.8%
Q2 2025
-4.8%
Q3 2025
-1.8%
Q4 2025
+62.9%
Q1 2026
-16.9%
Sector allocation
Other 84%
Healthcare 16%
Long book by quarter
What does FOLKETRYGDFONDET own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 11 | $5.64B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 11 | $4.30B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 10 | $4.28B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 10 | $4.49B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 10 | $4.49B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 11 | $4.45B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 12 | $5.09B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 13 | $5.66B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 15, 2024 | 11 | $4.61B | canonical | SEC ↗ |
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