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Livermore
Livermore
ZHEN

Folketrygdfondet

SEC CIK
0001269094
Latest filing
Aug 13, 2026

The latest 13F from Folketrygdfondet covers Q2 2026 (filed Aug 13, 2026): 11 long positions worth $4.64B. The top 10 holdings make up 100.0% of the portfolio, and the largest is Equinor ASA (EQNR) at 61.7%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$1.62M
Added
5
Est. +$25.9M
Reduced
3
Est. −$127.5M
Sold out
1
Est. −$8.50M

Top 5 holdings

Share of this quarter's portfolio value

  1. EQNREquinor ASA
    61.7%$2.86BHistory
  2. NVONovo Nordisk A S
    9.8%$456.5MHistory
  3. Cadeler - ISIN DK0061412772DK0061412
    8.7%$404.8M
  4. FROFrontline plc
    7.6%$350.8MHistory
  5. Hafnia - ISIN BMG4233B1090BMG4233B1
    4.2%$194.2M

Share of portfolio

Top 5 holdings and the other 6 positions, by share of portfolio value

  1. EQNR61.7%
  2. NVO9.8%
  3. Cadeler - ISIN DK00614127728.7%
  4. FRO7.6%
  5. Hafnia - ISIN BMG4233B10904.2%
  6. Other 6 positions8.0%

Biggest buys

New and added positions, by estimated amount bought

  1. NVONovo Nordisk A S
    +$21.2MAddedHistory
  2. Hafnia - ISIN BMG4233B1090BMG4233B1
    +$4.10MAdded
  3. ECOOkeanis Eco Tankers Corp.
    +$1.62MNewHistory
  4. BW LPG - Isin SGXZ69436764SGXZ69436
    +$471.4KAdded
  5. GMABGenmab A/S
    +$118.4KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. NVONovo Nordisk A S
    +3.93 pp5.9% → 9.8%History
  2. Cadeler - ISIN DK0061412772DK0061412
    +1.02 pp7.7% → 8.7%
  3. BW LPG - Isin SGXZ69436764SGXZ69436
    +0.65 pp2.9% → 3.6%
  4. Hafnia - ISIN BMG4233B1090BMG4233B1
    +0.33 pp3.9% → 4.2%
  5. ECOOkeanis Eco Tankers Corp.
    +0.03 pp0.0% → <0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. EQNREquinor ASA
    −$78.4MReducedHistory
  2. NOKNokia Corp
    −$26.5MReducedHistory
  3. FROFrontline plc
    −$22.6MReducedHistory
  4. OCSOculis Holding AG
    −$8.50MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. EQNREquinor ASA
    −8.37 pp70.0% → 61.7%History
  2. OCSOculis Holding AG
    −0.15 pp0.2% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$4.64B
−$1.00B (−17.7%) vs. prior quarter
Positions
11
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
0.5%
Q2 2026, one quarter
Average holding period
19.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $5.66B (Q2 2024)

Q1 2021: $2.93BQ2 2021: $3.38BQ3 2021: $3.99BQ4 2021: $4.14BQ1 2022: $124.4MQ2 2022: $4.76BQ3 2022: $4.46BQ4 2022: $4.72BQ1 2023: $4.21BQ2 2023: $4.37BQ3 2023: $4.83BQ4 2023: $4.91BQ1 2024: $4.61BQ2 2024: $5.66BQ3 2024: $5.09BQ4 2024: $4.45BQ1 2025: $4.49BQ2 2025: $4.49BQ3 2025: $4.28BQ4 2025: $4.30BQ1 2026: $5.64BQ2 2026: $4.64B
Q1 2021Q2 2026
13F filings of Folketrygdfondet by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202611$4.64BEQNRNVOCadeler - ISIN DK0061412772vs. Q1 2026SEC
Q1 2026May 13, 202611$5.64BEQNRCadeler - ISIN DK0061412772FROvs. Q4 2025SEC
Q4 2025Feb 12, 202611$4.30BEQNRNVOCadeler - ISIN DK0061412772vs. Q3 2025SEC
Q3 2025Nov 3, 202510$4.28BEQNRNVOCadeler - ISIN DK0061412772vs. Q2 2025SEC
Q2 2025Aug 12, 202510$4.49BEQNRNVOCadeler - ISIN DK0061412772vs. Q1 2025SEC
Q1 2025May 2, 202510$4.49BEQNRNVOCadeler - ISIN DK0061412772vs. Q4 2024SEC
Q4 2024Feb 7, 202511$4.45BEQNRNVOCadeler - ISIN DK0061412772vs. Q3 2024SEC
Q3 2024Nov 13, 202412$5.09BEQNRNVOCadeler - ISIN DK0061412772vs. Q2 2024SEC
Q2 2024Aug 12, 202413$5.66BEQNRNVOFROvs. Q1 2024SEC
Q1 2024Apr 15, 202411$4.61BEQNRNVOFROvs. Q4 2023SEC
Q4 2023Feb 8, 202410$4.91BEQNRNVOFROvs. Q3 2023SEC
Q3 2023Nov 14, 202310$4.83BEQNRNVOFROvs. Q2 2023SEC
Q2 2023Aug 11, 202310$4.37BEQNRNVOFROvs. Q1 2023SEC
Q1 2023Apr 20, 202310$4.21BEQNRNVOFROvs. Q4 2022SEC
Q4 2022Feb 10, 202310$4.72BEQNRNVOFROvs. Q3 2022SEC
Q3 2022Oct 28, 202210$4.46BEQNRNVOFROvs. Q2 2022SEC
Q2 2022Aug 8, 202210$4.76BEQNRNVOFROvs. Q1 2022SEC
Q1 2022May 6, 202210$124.4MEQNRNVOFLNGvs. Q4 2021SEC
Q4 2021Feb 1, 202210$4.14BEQNRNVONOKvs. Q3 2021SEC
Q3 2021Oct 15, 202110$3.99BEQNRNVONOKvs. Q2 2021SEC
Q2 2021Aug 4, 20219$3.38BEQNRNVONOKvs. Q1 2021SEC
Q1 2021May 4, 20219$2.93BEQNRNVOERIC–SEC

13D and 13G filings

Companies where Folketrygdfondet reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Folketrygdfondet owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
BWLPBW LPG Ltd13G/A6.30%9.48M shares+1.50 ppfrom 4.80%Nov 13, 20243 filingsMay 13, 2026SEC
CDLRCadeler A/S13G5.30%18.7M sharesNewFeb 7, 20251 filingFeb 7, 2025SEC

Latest filings

13 filings on file made by Folketrygdfondet or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Folketrygdfondet
CompanyFiled (ET)FormStakeChangeEvent dateFiling
FROFrontline plcAug 13, 20269:45 AM ET13G/A4.50%10.1M shares–Below 5%Jun 30, 2026SEC
BWLPBW LPG LtdMay 13, 20267:32 AM ET13G/A6.30%9.48M shares+1.50 ppfrom 4.80%Mar 31, 2026SEC
BWLPBW LPG LtdNov 3, 20255:17 PM ET13G/A4.80%7.72M shares–Below 5%Sep 30, 2025SEC
BORRBorr Drilling LtdFeb 7, 20253:44 PM ET13G/A0.00%0 shares–Below 5%Dec 31, 2024SEC
CDLRCadeler A/SFeb 7, 20253:33 PM ET13G5.30%18.7M sharesNewDec 31, 2024SEC
BORRBorr Drilling LtdNov 13, 202413G/AOld format–––SEC
HAFNHafnia LtdNov 13, 202413GOld format–New–SEC
FROFrontline plcNov 13, 202413G/AOld format–––SEC
BWLPBW LPG LtdNov 13, 202413GOld format–New–SEC
FROFrontline plcFeb 10, 202313G/AOld format–––SEC
Golden Ocean Group LtdFeb 1, 202213G/AOld format–––SEC
FROFrontline plcFeb 1, 202213GOld format–New–SEC
BORRBorr Drilling LtdJan 29, 202113G/AOld format–––SEC