FNORX Holdings List

As of May 31, 2024

No.	Symbol	Name	% Weight	Shares
1	NOVO B.CO	Novo Nordisk A/S Class B	24.72%	657,300
2	INVE B.ST	Investor AB Class B	5.15%	683,500
3	ATCOB.ST	Atlas Copco AB Class B	5.13%	1,112,400
4	NDA FI.HE	Nordea Bank Abp	4.79%	1,401,944
5	SAND.ST	Sandvik AB	3.00%	489,000
6	ASSA B.ST	Assa Abloy AB Class B	2.85%	349,400
7	VWS.CO	Vestas Wind Systems A/S	2.66%	342,000
8	SAAB B.ST	Saab AB Class B	2.48%	367,600
9	ALFA.ST	Alfa Laval AB	2.39%	184,900
10	EQNR.OL	Equinor ASA	2.28%	283,300
11	EQT.ST	EQT AB Ordinary Shares	2.20%	258,500
12	KOG.OL	Kongsberg Gruppen ASA	2.13%	89,200
13	HEM.ST	Hemnet Group AB	2.09%	272,500
14	EVO.ST	Evolution AB	2.00%	66,900
15	INDT.ST	Indutrade AB	2.00%	277,600
16	LLY	Eli Lilly and Company	1.98%	8,700
17	LAGR B.ST	Lagercrantz Group AB Class B	1.88%	394,353
18	n/a	Fidelity Cash Central Fund	1.87%	6,743,787
19	DNB.OL	DNB Bank ASA	1.77%	325,700
20	CARL B.CO	Carlsberg A/S Class B	1.75%	46,500
21	NHY.OL	Norsk Hydro ASA	1.72%	913,300
22	GMAB.CO	Genmab A/S	1.69%	21,600
23	TRYG.CO	Tryg A/S	1.67%	291,383
24	ELISA.HE	Elisa Oyj Class A	1.66%	128,700
25	SAVE.ST	Nordnet AB (publ) Ordinary Shares	1.64%	294,900
26	TREL B.ST	Trelleborg AB Class B	1.62%	148,900
27	SAMPO.HE	Sampo Oyj Class A	1.37%	115,100
28	PNDORA.CO	Pandora A/S	1.32%	29,000
29	DSV.CO	DSV AS	1.22%	28,600
30	SCA B.ST	Svenska Cellulosa AB Class B	1.16%	272,700
31	HPOL B.ST	Hexpol AB Class B	1.04%	304,170
32	UPM.HE	UPM-Kymmene Oyj	0.95%	89,600
33	FNOX.ST	Fortnox AB	0.93%	539,500
34	HAYPP.ST	Haypp Group AB	0.82%	385,600
35	MOWI.OL	Mowi ASA	0.77%	153,800
36	DEMANT.CO	Demant A/S	0.76%	56,800
37	ALV	Autoliv, Inc.	0.59%	16,700
38	FORTUM.HE	Fortum Oyj	0.55%	130,200
39	n/a	Cash	0.53%	n/a
40	NOD.OL	Nordic Semiconductor ASA	0.51%	142,700
41	BEIA B.ST	Beijer Alma AB Class B	0.50%	86,600
42	SUS.ST	Surgical Science Sweden AB	0.47%	124,000
43	SBO.OL	Selvaag Bolig ASA	0.32%	321,200
44	RUSTA.ST	Rusta AB (publ)	0.31%	148,900
45	TGS.OL	TGS ASA	0.29%	79,300
46	ELTEL.ST	Eltel AB	0.27%	1,544,681
47	SLP B.ST	Swedish Logistic Property AB Class B	0.12%	131,004
48	AXFO.ST	Axfood AB	0.09%	12,100

As of May 31, 2024

Asset Allocation

Asset Class	% Weight
Stocks	97.60%
Cash	2.40%

Sector Breakdown

Sector	% Weight
Health Care	20.35%
Financials	19.52%
Industrials	19.32%
Consumer Staples	9.36%
Energy	7.74%
Materials	5.53%
Other	5.26%
Information Technology	4.87%
Utilities	2.97%
Communication Services	2.65%
Consumer Discretionary	2.05%
Real Estate	0.38%

Country Breakdown

Sector	% Weight
Sweden	41.76%
Denmark	31.09%
Finland	15.65%
Norway	8.69%
United States	1.44%
Switzerland	0.94%
Other	0.43%