FNORX Holdings List

As of May 31, 2025

No.	Symbol	Name	% Weight	Shares
1	CPH: NOVO.B	Novo Nordisk A/S	12.12%	567,300
2	STO: INVE.B	Investor AB (publ)	5.39%	609,500
3	CPH: DSV	DSV A/S	5.10%	72,100
4	HEL: NDA.FI	Nordea Bank Abp	4.95%	1,136,344
5	ATCOB.ST	Atlas Copco AB Class B	4.42%	1,031,700
6	STO: SAAB.B	Saab AB (publ)	4.32%	284,100
7	n/a	Fidelity Cash Central Fund	3.71%	12,340,293
8	STO: SAND	Sandvik AB (publ)	3.21%	489,000
9	OSL: DNB	DNB Bank ASA	2.89%	359,300
10	HEL: NOKIA	Nokia Oyj	2.84%	1,818,100
11	CPH: DANSKE	Danske Bank A/S	2.71%	235,300
12	CPH: TRYG	Tryg A/S	2.68%	345,983
13	STO: ASSA.B	ASSA ABLOY AB (publ)	2.53%	265,100
14	STO: INDT	Indutrade AB (publ)	2.43%	298,900
15	CPH: NSIS.B	Novozymes A/S	2.42%	114,200
16	HEL: SAMPO	Sampo Oyj	2.28%	712,200
17	STO: LAGR.B	Lagercrantz Group AB (publ)	2.20%	323,653
18	HEL: ELISA	Elisa Oyj	2.19%	138,500
19	OSL: EQNR	Equinor ASA	2.15%	305,000
20	OSL: KOG	Kongsberg Gruppen ASA	2.14%	40,500
21	CPH: CARL.B	Carlsberg A/S	2.00%	46,500
22	STO: FNOX	Fortnox AB (publ)	1.75%	645,900
23	OSL: NHY	Norsk Hydro ASA	1.62%	983,300
24	STO: SAVE	Nordnet AB (publ)	1.58%	194,600
25	STO: HEXA.B	Hexagon AB (publ)	1.35%	444,200

As of May 31, 2025

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Asset Allocation

Asset Class	% Weight
Stocks	94.44%
Cash	5.56%