The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Equinor ASA - COM ISIN NO0010096985 Sponsored ADR 29446M102 2,822,323,144 112,264,246 SH SOLE 112,264,246 0 0
Frontline Ltd. - COM ISIN BMG3682E1921 Shares G3682E192 207,223,855 12,627,901 SH SOLE 12,627,901 0 0
Genmab A S - COM ISIN DK0010272202 Sponsored ADS 372303206 3,569,965 172,796 SH SOLE 172,796 0 0
Golden Ocean Group Ltd. - COM ISIN BMG396372051 Shares G39637205 54,399,868 7,431,676 SH SOLE 7,431,676 0 0
Nokia Corp - COM ISIN FI0009000681 Sponsored ADR 654902204 53,431,024 10,430,043 SH SOLE 10,430,043 0 0
Novo-Nordisk A S - COM ISIN DK0062498333 ADR 670100205 696,725,358 10,094,543 SH SOLE 10,094,543 0 0
Flex LNG Ltd - COM ISIN BMG359472021 Shares G35947202 11,571,415 526,452 SH SOLE 526,452 0 0
Hafnia - ISIN BMG4233B1090 Shares BMG4233B1 158,982,483 31,860,217 SH SOLE 31,860,217 0 0
BW LPG - ISIN SGXZ69436764 Shares SGXZ69436 90,725,832 7,669,132 SH SOLE 7,669,132 0 0
Cadeler - ISIN DK0061412772 Sponsored ADR DK0061412 386,391,344 19,445,966 SH SOLE 19,445,966 0 0