Skip to main content

The content on this page is marketing communication

Overview of all investments

SKAGEN Focus A as of 31/12/2025

Consumer Discretionary

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Hyundai Mobis Co Ltd 65,937 122,267,754 172,212,664 5.07 %
Aumovio SE 267,412 114,042,711 136,029,465 4.00 %
Mazda Motor Corp 1,101,286 89,885,542 86,390,441 2.54 %
Brembo N.V. 526,600 57,765,386 58,734,224 1.73 %
Forvia 341,102 37,359,532 55,036,579 1.62 %
TUI AG (EUR) 454,129 43,491,631 48,332,475 1.42 %
Beazer Homes USA Inc 226,317 65,917,198 46,272,876 1.36 %
SEB SA 77,849 52,678,459 45,466,342 1.34 %
Aisan Industry Co Ltd 290,030 40,088,179 41,714,046 1.23 %
B&M European Value Retail SA 676,518 22,024,068 15,493,623 0.46 %
Total Consumer Discretionary 645,520,460 705,682,736 20.77 %

Industrials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Ayvens SA 960,690 111,872,311 130,196,513 3.83 %
Befesa SA 315,002 110,009,084 110,084,300 3.24 %
Swire Pacific B 5,552,320 77,508,680 83,466,956 2.46 %
Takuma Co 510,209 60,765,803 81,327,232 2.39 %
Vesuvius 1,362,252 77,015,332 73,338,212 2.16 %
GT Capital Holdings Inc 710,547 78,883,726 72,484,955 2.13 %
Takeuchi Manufacturing Co Ltd 157,750 62,039,766 68,522,785 2.02 %
Grupo Traxion SAB de CV 7,846,969 104,105,461 67,091,002 1.97 %
DL E&C Co Ltd 207,205 62,233,848 59,848,222 1.76 %
Doosan Bobcat Inc 140,703 52,006,631 56,846,828 1.67 %
CNH Industrial NV 309,424 34,891,568 28,776,666 0.85 %
Total Industrials 831,332,210 831,983,672 24.48 %

Materials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
KCC Corp 37,873 98,199,120 111,512,301 3.28 %
Acerinox 631,464 74,589,792 94,704,881 2.79 %
Methanex Corp 216,490 80,128,171 86,736,650 2.55 %
Wienerberger 219,397 75,047,854 79,584,030 2.34 %
Aperam SA 189,629 55,716,647 79,164,544 2.33 %
Amrize Ltd 116,428 58,100,454 63,511,107 1.87 %
Wacker Chemie 65,875 57,630,199 54,119,921 1.59 %
Solvay 151,216 55,164,759 48,653,890 1.43 %
Aya Gold & Silver Inc 244,864 24,786,732 35,388,127 1.04 %
West Fraser Timber Co Ltd 50,173 31,239,972 30,927,009 0.91 %
Total Materials 610,603,700 684,302,459 20.14 %

Financials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Samsung Fire & Marine Insurance Co Ltd 38,138 80,269,009 100,809,611 2.97 %
Korean Reinsurance Co 1,180,000 42,732,695 95,348,724 2.81 %
Banca Monte dei Paschi di Siena SpA 768,915 68,078,277 83,164,728 2.45 %
T Rowe Price Group Inc 76,085 79,068,264 78,572,348 2.31 %
BNK Financial Group Inc 693,935 52,995,217 77,112,146 2.27 %
EXOR NV 86,572 85,655,487 74,302,923 2.19 %
Banco del Bajio SA 2,890,000 71,241,472 73,738,734 2.17 %
PEUGEOT INVEST 75,074 71,762,716 67,413,802 1.98 %
Alior Bank SA 203,398 55,157,543 63,029,387 1.85 %
iM Financial Group Co Ltd 509,049 31,375,135 55,426,448 1.63 %
Total Financials 638,335,814 768,918,850 22.63 %

Communication Services

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Omnicom Group Inc 79,365 60,561,100 64,643,835 1.90 %
Akatsuki Inc 271,187 45,847,442 46,281,162 1.36 %
TF1 - Television Francaise 310,991 31,220,996 30,689,010 0.90 %
Total Communication Services 137,629,538 141,614,007 4.17 %

Consumer Staples

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Albertsons Cos Inc 250,161 49,070,047 43,325,687 1.27 %
Tate & Lyle 760,793 66,103,883 38,687,199 1.14 %
Total Consumer Staples 115,173,930 82,012,887 2.41 %

Information Technology

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Sopra Steria Group 21,916 45,664,534 40,138,472 1.18 %
Siltronic AG 63,444 44,837,081 36,752,719 1.08 %
Total Information Technology 90,501,614 76,891,191 2.26 %

Real Estate

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Nexity SA 281,510 37,412,206 29,930,801 0.88 %
Total Real Estate 37,412,206 29,930,801 0.88 %

Total

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Total Holdings 3,177,943,932 3,326,740,568 97.90 %
Available liquidity 71,531,530 2.10 %
Total AUM 3,398,272,098 100.00 %

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.