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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | Equinor ASA - COM ISIN NO0010096985 | $3.95B | 93516237 | 70.03% |
| 2 | Cadeler - ISIN DK0061412772 | $434.6M | 18470964 | 7.71% |
| 3 | Frontline Ltd. - COM ISIN BMG3682E1921 | $374.1M | 10732371 | 6.64% |
| 4 | Novo-Nordisk A S - COM ISIN DK0062498333 | $333.7M | 9080820 | 5.92% |
| 5 | Hafnia - ISIN BMG4233B1090 | $217.6M | 28628679 | 3.86% |
| 6 | BW LPG - ISIN SGXZ69436764 | $164.7M | 9483691 | 2.92% |
| 7 | Nokia Corp - COM ISIN FI0009000681 | $108.4M | 13476498 | 1.92% |
| 8 | CMB Tech - ISIN BE0003816338 | $35.2M | 2816940 | 0.62% |
| 9 | Oculis Holding AG-ISIN CH1242303498 | $8.5M | 319556 | 0.15% |
| 10 | TORM plc - ISIN GB00BZ3CNK81 | $8.0M | 285570 | 0.14% |
| 11 | Genmab A S - COM ISIN DK0010272202 | $4.3M | 160773 | 0.08% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.