Skip to main content

The content on this page is marketing communication

Overview of all investments

SKAGEN Focus A as of 30/11/2025

Consumer Discretionary

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Hyundai Mobis Co Ltd 65,937 122,267,754 140,325,450 4.32 %
Aumovio SE 218,208 90,833,843 94,752,896 2.92 %
Mazda Motor Corp 1,055,886 86,304,768 78,208,832 2.41 %
Forvia 544,294 59,614,335 77,292,796 2.38 %
Brembo N.V. 526,600 57,765,386 56,734,030 1.75 %
Beazer Homes USA Inc 195,653 59,073,818 45,248,784 1.39 %
SEB SA 71,926 49,236,799 41,125,699 1.27 %
Aisan Industry Co Ltd 266,630 36,823,215 37,891,359 1.17 %
TUI AG (EUR) 273,937 25,739,429 26,445,970 0.81 %
B&M European Value Retail SA 676,518 22,024,068 15,310,852 0.47 %
Total Consumer Discretionary 609,683,416 613,336,669 18.89 %

Industrials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Ayvens SA 934,096 108,447,534 121,684,312 3.75 %
Befesa SA 315,002 110,009,084 101,589,808 3.13 %
Takeuchi Manufacturing Co Ltd 197,180 77,546,759 90,977,792 2.80 %
Swire Pacific B 5,552,320 77,508,680 85,674,984 2.64 %
Takuma Co 510,209 60,765,803 82,789,446 2.55 %
GT Capital Holdings Inc 710,547 78,883,726 71,002,104 2.19 %
Vesuvius 1,362,252 77,015,332 69,801,653 2.15 %
Grupo Traxion SAB de CV 7,846,969 104,105,461 60,931,743 1.88 %
DL E&C Co Ltd 195,377 58,754,554 54,275,197 1.67 %
Doosan Bobcat Inc 140,703 52,006,631 53,405,876 1.65 %
CNH Industrial NV 309,424 34,891,568 29,506,652 0.91 %
Norma Group SE 118,749 22,623,715 18,563,262 0.57 %
Total Industrials 862,558,845 840,202,829 25.88 %

Materials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
KCC Corp 37,873 98,199,120 108,595,635 3.35 %
Acerinox 631,464 74,589,792 90,190,184 2.78 %
Methanex Corp 250,381 92,672,047 90,162,840 2.78 %
Aya Gold & Silver Inc 613,847 62,137,600 84,783,029 2.61 %
Aperam SA 189,629 55,716,647 73,797,114 2.27 %
Wienerberger 210,141 71,743,138 72,802,660 2.24 %
Amrize Ltd 116,428 58,100,454 60,646,149 1.87 %
Solvay 151,216 55,164,759 48,803,452 1.50 %
Wacker Chemie 61,432 54,066,853 47,800,043 1.47 %
Total Materials 622,390,411 677,581,106 20.87 %

Financials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Samsung Fire & Marine Insurance Co Ltd 38,138 80,269,009 97,030,047 2.99 %
Korean Reinsurance Co 1,180,000 42,732,695 94,039,876 2.90 %
T Rowe Price Group Inc 76,085 79,068,264 78,771,372 2.43 %
Banco del Bajio SA 2,890,000 71,241,472 76,573,256 2.36 %
BNK Financial Group Inc 693,935 52,995,217 71,812,806 2.21 %
EXOR NV 82,851 82,492,037 70,591,836 2.17 %
PEUGEOT INVEST 75,074 71,762,716 64,846,639 2.00 %
Banca Monte dei Paschi di Siena SpA 592,213 51,535,410 56,665,077 1.75 %
Alior Bank SA 191,411 51,672,385 54,928,802 1.69 %
iM Financial Group Co Ltd 509,049 31,375,135 50,054,397 1.54 %
Total Financials 615,144,339 715,314,108 22.04 %

Communication Services

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Akatsuki Inc 339,890 57,462,515 59,183,220 1.82 %
Omnicom Group 70,824 54,264,775 51,294,288 1.58 %
TF1 - Television Francaise 310,991 31,220,996 30,366,256 0.94 %
Total Communication Services 142,948,286 140,843,764 4.34 %

Consumer Staples

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Tate & Lyle PLC 961,980 83,584,646 48,286,328 1.49 %
Albertsons Cos Inc 204,579 40,905,210 37,920,823 1.17 %
Total Consumer Staples 124,489,855 86,207,151 2.66 %

Real Estate

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Nexity SA 403,939 53,682,814 44,040,435 1.36 %
Total Real Estate 53,682,814 44,040,435 1.36 %

Information Technology

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Sopra Steria Group 23,902 49,802,596 36,943,677 1.14 %
Siltronic AG 63,444 44,837,081 36,573,710 1.13 %
Total Information Technology 94,639,676 73,517,387 2.26 %

Total

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Total Holdings 3,166,782,270 3,205,118,766 98.74 %
Available liquidity 40,943,153 1.26 %
Total AUM 3,246,061,919 100.00 %

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.