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SKAGEN m2 A as of 31/12/2025

Real Estate

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
CTP NV 330,621 45,634,024 69,873,958 5.49 %
Catena AB 138,444 40,092,244 68,287,304 5.36 %
Public Property Invest AS 2,580,920 40,411,320 60,135,436 4.72 %
Equinix Inc (REIT) 7,166 52,802,349 55,379,858 4.35 %
CareTrust REIT Inc 135,005 41,233,204 49,241,791 3.87 %
Aedifica SA 58,628 51,331,629 46,881,221 3.68 %
Shurgard Self Storage SA 134,000 36,385,942 46,511,728 3.65 %
CBRE Group Inc 27,318 22,037,343 44,306,097 3.48 %
Cityvarasto Oyj 218,863 41,032,010 43,299,101 3.40 %
Prologis Inc (REIT) 33,223 37,299,266 42,780,834 3.36 %
Prisma Properties AB 1,400,500 39,062,703 39,075,560 3.07 %
Capitaland Investment Ltd/Singapore 1,780,228 21,341,618 37,840,545 2.97 %
Grainger PLC 1,519,600 45,774,355 37,564,608 2.95 %
UMH Properties Inc 233,108 35,014,005 37,409,588 2.94 %
American Tower Corp (REIT) 20,206 41,547,621 35,783,780 2.81 %
Independence Realty Trust Inc 192,995 35,226,237 34,028,519 2.67 %
Fastighets AB Balder (B shs) 452,000 32,234,475 33,729,098 2.65 %
UNITE Group PLC/The 372,000 40,289,792 28,238,670 2.22 %
LOG Commercial Properties e Participacoes SA 632,400 28,745,927 28,170,950 2.21 %
Sun Communities Inc 22,528 35,968,026 28,156,882 2.21 %
Intea Fastigheter AB 348,433 16,389,143 25,181,061 1.98 %
Americold Realty Trust Inc 175,942 50,628,343 22,822,649 1.79 %
Kimco Realty Corp (REIT) 109,621 30,096,080 22,413,159 1.76 %
Tokyu Fudosan Holdings Corp 239,116 12,938,450 21,988,861 1.73 %
Capitaland India Trust 2,219,077 12,849,244 21,234,628 1.67 %
Swire Properties Ltd 721,480 16,456,116 19,616,064 1.54 %
Macerich Co (REIT) 79,499 14,307,716 14,802,972 1.16 %
Robinsons Land Corp 4,578,000 11,989,462 12,683,971 1.00 %
Smartstop Self Storage REIT Inc 36,479 12,162,253 11,384,627 0.89 %
Ayala Land 2,654,800 11,586,932 10,218,479 0.80 %
Sveafastigheter AB 209,161 8,421,321 9,332,755 0.73 %
Nexity SA 32,932 5,051,894 3,501,407 0.28 %
Total Real Estate 966,341,043 1,061,876,161 83.41 %

Communication Services

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Helios Towers PLC 2,594,000 31,189,592 57,929,663 4.55 %
Cellnex Telecom SA 139,826 55,459,280 45,436,388 3.57 %
Total Communication Services 86,648,873 103,366,051 8.12 %

Health Care

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Brookdale Senior Living Inc 352,800 21,522,609 38,397,733 3.02 %
Total Health Care 21,522,609 38,397,733 3.02 %

Consumer Discretionary

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Beazer Homes USA Inc 44,774 13,982,651 9,154,512 0.72 %
Toll Brothers 5,200 5,706,126 7,092,508 0.56 %
Total Consumer Discretionary 19,688,776 16,247,020 1.28 %

Total

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Total Holdings 1,143,825,602 1,223,483,030 96.10 %
Available liquidity 49,668,703 3.90 %
Total AUM 1,273,151,733 100.00 %