Companies in SKAGEN Focus | SKAGEN Funds - SKAGEN Funds

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SKAGEN Focus A as of 31/07/2026

Materials

Security	Number	Acquisition value (NOK)	Market value (NOK)	Percentage distribution
Methanex Corp	250,959	113,659,207	132,217,074	4.15 %
Acerinox	502,093	65,357,605	95,222,655	2.99 %
KCC Corp	36,873	100,288,108	95,172,763	2.99 %
West Fraser Timber Co Ltd	127,561	82,690,540	78,456,440	2.46 %
Taiheiyo Cement	276,707	72,329,426	67,147,631	2.11 %
Wienerberger	242,140	76,325,743	56,174,103	1.76 %
ERO Copper Corp	199,858	53,368,999	51,007,723	1.60 %
Aya Gold & Silver Inc	271,522	39,837,666	50,554,326	1.59 %
Solvay	134,639	47,605,602	39,021,620	1.23 %
Amex Gold Mining Inc	1,233,155	38,071,197	31,847,137	1.00 %
Wacker Chemie	22,417	19,611,327	21,648,465	0.68 %
Semen Indonesia (Persero)	18,000,000	14,137,615	13,851,662	0.44 %
Total Materials		723,283,035	732,321,600	23.00 %

Consumer Discretionary

Security	Number	Acquisition value (NOK)	Market value (NOK)	Percentage distribution
Aumovio SE	265,002	112,478,207	114,945,674	3.61 %
Hyundai Mobis	28,378	55,928,860	89,858,925	2.82 %
TUI AG (EUR)	1,009,365	91,074,358	82,738,981	2.60 %
Versigent Ltd	186,861	55,387,822	73,281,590	2.30 %
Aisan Industry Co Ltd	440,143	58,142,014	63,025,716	1.98 %
Brembo N.V.	492,664	53,502,474	56,824,047	1.78 %
Mazda Motor Corp	694,341	56,758,842	48,658,002	1.53 %
Forvia	395,323	44,326,607	38,297,777	1.20 %
Halla Holdings Corporation	145,357	40,871,904	36,357,689	1.14 %
Mando Corp	115,289	41,934,623	34,282,136	1.08 %
SEB SA	52,650	34,817,190	33,465,757	1.05 %
Total Consumer Discretionary		645,222,900	671,736,295	21.10 %

Financials

Security	Number	Acquisition value (NOK)	Market value (NOK)	Percentage distribution
Korean Reinsurance Co	1,180,000	42,732,695	108,875,697	3.42 %
EXOR NV	134,394	122,249,516	101,629,424	3.19 %
Samsung Fire & Marine Insurance Co Ltd	39,274	85,241,654	100,063,661	3.14 %
Everest Group	27,672	88,810,028	98,194,464	3.08 %
T Rowe Price Group Inc	90,327	92,732,993	95,733,916	3.01 %
Bangkok Bank PCL (foreign shs)	1,754,900	83,994,481	95,449,348	3.00 %
Banco del Bajio SA	2,836,442	69,921,212	89,478,028	2.81 %
Alior Bank SA	176,572	48,259,887	61,556,192	1.93 %
iM Financial Group Co Ltd	492,728	30,369,193	55,558,361	1.75 %
BNK Financial Group Inc	510,926	39,018,978	51,560,375	1.62 %
Total Financials		703,330,637	858,099,464	26.95 %

Industrials

Security	Number	Acquisition value (NOK)	Market value (NOK)	Percentage distribution
Swire Pacific Ltd	5,104,820	71,261,718	92,488,673	2.91 %
Hitachi Constr. Machine	240,155	74,797,835	77,159,979	2.42 %
Befesa SA	194,622	67,990,578	74,224,189	2.33 %
Grupo Traxion SAB de CV	10,452,825	122,683,329	67,422,850	2.12 %
GT Capital Holdings Inc	870,061	90,987,749	65,373,056	2.05 %
CNH Industrial NV	508,222	55,809,742	49,405,811	1.55 %
MARCOPOLO SA Preference	4,770,395	54,126,614	47,286,105	1.49 %
Cie de Saint-Gobain SA	51,434	45,338,606	45,618,431	1.43 %
Vesuvius	806,318	45,120,988	38,180,877	1.20 %
KION Group AG	86,236	38,811,863	36,633,579	1.15 %
Takeuchi Manufacturing Co Ltd	65,210	25,645,725	28,937,433	0.91 %
Ayvens SA	153,324	17,926,896	19,457,911	0.61 %
Total Industrials		710,501,643	642,188,894	20.17 %

Communication Services

Security	Number	Acquisition value (NOK)	Market value (NOK)	Percentage distribution
Omnicom Group Inc	122,803	91,617,800	91,660,962	2.88 %
Telekomunikasi Indonesia TBK	29,171,800	45,841,506	40,438,544	1.27 %
Total Communication Services		137,459,306	132,099,507	4.15 %

Consumer Staples

Security	Number	Acquisition value (NOK)	Market value (NOK)	Percentage distribution
Albertsons Cos Inc	505,785	81,733,847	55,548,867	1.74 %
E-Mart co Ltd	74,728	45,028,373	39,669,683	1.25 %
Total Consumer Staples		126,762,221	95,218,550	2.99 %

Total

Security	Number	Acquisition value (NOK)	Market value (NOK)	Percentage distribution
Total Holdings		3,101,376,861	3,131,664,310	98.37 %
Available liquidity			52,027,842	1.63 %
Total AUM			3,183,692,152	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.