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 2,858,057,485 91,020,939 SH SOLE 91,020,939 0 0
Frontline Ltd. - COM ISIN BMG3682E1921 Shares G3682E192 350,769,166 10,082,471 SH SOLE 10,082,471 0 0
Genmab A S - COM ISIN DK0010272202 Sponsored ADS 372303206 4,534,803 165,082 SH SOLE 165,082 0 0
Nokia Corp - COM ISIN FI0009000681 Sponsored ADR 654902204 152,424,932 11,477,781 SH SOLE 11,477,781 0 0
Novo-Nordisk A S - COM ISIN DK0062498333 ADR 670100205 456,503,041 9,522,383 SH SOLE 9,522,383 0 0
Hafnia - ISIN BMG4233B1090 Shares BMG4233B1 194,191,136 29,245,653 SH SOLE 29,245,653 0 0
BW LPG - ISIN SGXZ69436764 Shares SGXZ69436 165,772,146 9,510,737 SH SOLE 9,510,737 0 0
Cadeler - ISIN DK0061412772 Sponsored ADR DK0061412 404,756,466 18,473,595 SH SOLE 18,473,595 0 0
CMB Tech - ISIN BE0003816338 Shares B38564108 39,408,991 2,816,940 SH SOLE 2,816,940 0 0
TORM plc - ISIN GB00BZ3CNK81 Shares G89479102 7,441,954 285,570 SH SOLE 285,570 0 0
Okeanis Eco Tankers Corp - ISIN MHY641771016 Shares Y64177101 1,617,573 32,274 SH SOLE 32,274 0 0