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Overview of all investments

SKAGEN Vekst A as of 31/03/2024

Health Care

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Novo Nordisk A/S 718,050 189,047,721 990,491,370 8.69 %
H. Lundbeck A/S 4,447,800 234,546,660 231,268,838 2.03 %
Total Health Care 423,594,381 1,221,760,208 10.72 %

Financials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
KB Financial Group Inc 749,613 299,215,013 413,757,411 3.63 %
Nordea Bank Abp 3,212,000 249,456,024 392,049,751 3.44 %
Citigroup 505,000 220,360,348 341,897,846 3.00 %
American International Group 329,200 117,872,563 278,249,665 2.44 %
Ping An Insurance Group 5,557,000 375,346,239 250,205,259 2.20 %
Korean Reinsurance Co 3,380,000 180,273,736 220,901,336 1.94 %
HitecVision AS 715,277 6,488,713 145,201,231 1.27 %
Chubb Ltd 42,850 48,543,503 119,509,555 1.05 %
Investment AB Kinnevik (B) 615,300 97,371,317 74,420,232 0.65 %
Sberbank of Russia PJSC (pref) 6,933,020 126,841,634 31,044,082 0.27 %
Total Financials 1,721,769,089 2,267,236,368 19.90 %

Communication Services

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Telenor ASA 3,247,000 430,834,198 392,075,250 3.44 %
China Mobile Ltd 2,658,500 160,633,954 245,998,260 2.16 %
Millicom International Cellular SA (SDR) 962,897 185,611,662 206,488,597 1.81 %
Alphabet Inc Class A 113,450 118,905,675 184,670,977 1.62 %
SK Telecom 266,000 64,942,905 115,116,741 1.01 %
Total Communication Services 960,928,393 1,144,349,825 10.04 %

Information Technology

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Broadcom Inc 26,700 82,253,291 379,890,474 3.33 %
Samsung Electronics PFD 697,000 114,549,066 372,450,727 3.27 %
Nokia A 5,711,600 240,382,260 221,977,967 1.95 %
Tieto Oyj (EUR) 765,500 205,107,908 175,251,231 1.54 %
Applied Materials 77,700 55,122,313 174,371,543 1.53 %
Total Information Technology 697,414,838 1,323,941,942 11.62 %

Industrials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
ISS A/S 1,839,025 372,196,104 361,822,150 3.18 %
Volvo B 1,077,600 145,377,523 348,382,291 3.06 %
Bonheur 1,358,000 150,178,803 325,241,000 2.85 %
DSV A/S 159,200 154,314,584 279,581,326 2.45 %
CK Hutchison Holdings Ltd 3,370,000 300,158,113 175,204,034 1.54 %
Cadeler A/S 535,000 71,714,187 109,210,946 0.96 %
SK Square Co Ltd 164,000 121,065,984 104,034,317 0.91 %
Vestas Wind System 261,000 59,324,256 78,844,255 0.69 %
Wilh. Wilhelmsen Holding A 144,979 14,810,322 50,597,671 0.44 %
Norse Atlantic ASA 2,606,883 105,900,257 20,907,202 0.18 %
Total Industrials 1,495,040,134 1,853,825,193 16.27 %

Energy

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Shell PLC 991,200 263,513,818 355,195,308 3.12 %
Cnooc Ltd 13,639,000 139,554,050 331,030,529 2.91 %
Northern Ocean Ltd 3,203,153 139,863,470 31,935,435 0.28 %
TGS-NOPEC Geophysical Company 250,000 28,308,028 29,550,000 0.26 %
Gazprom PJSC 3,460,000 72,960,110 8,282,637 0.07 %
Avenir LNG Ltd UNIT NOK 499,000 4,200,332 2,994,000 0.03 %
Total Energy 648,399,808 758,987,910 6.66 %

Materials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Boliden AB 1,175,000 306,718,535 354,124,297 3.11 %
Upm-Kymmene 948,400 284,920,918 345,006,505 3.03 %
Yara International 996,000 354,135,318 341,528,400 3.00 %
Elopak ASA 2,126,041 58,164,506 72,285,394 0.63 %
Segezha Group PJSC 50,000,000 44,262,147 2,798,382 0.02 %
Total Materials 1,048,201,423 1,115,742,978 9.79 %

Consumer Staples

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Essity AB 1,315,200 351,781,541 339,676,245 2.98 %
Carlsberg B 166,990 158,542,902 246,632,688 2.16 %
Tyson Foods A 202,000 112,949,566 128,172,190 1.12 %
Lerøy Seafood 1,150,000 48,400,939 54,924,000 0.48 %
Bakkafrost P/F 39,160 19,317,124 27,294,520 0.24 %
Total Consumer Staples 690,992,072 796,699,643 6.99 %

Real Estate

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
CK Asset Holdings Ltd 3,768,857 198,961,611 167,874,616 1.47 %
Total Real Estate 198,961,611 167,874,616 1.47 %

Consumer Discretionary

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Alibaba Group Holding Ltd 1,546,000 270,985,649 146,679,959 1.29 %
Hyundai Motor Co Ltd-PFD 111,500 77,385,865 143,066,785 1.26 %
Total Consumer Discretionary 348,371,514 289,746,743 2.54 %

Total

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Total Holdings 8,618,468,985 11,001,705,506 96.56 %
Available liquidity 391,825,956 3.44 %
Total AUM 11,393,531,462 100.00 %

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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