The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Marine Harvest ASA [COM ISIN NO0003054108 ] Sponsored ADR 56824R205 529,916 41,957,030 SH   SOLE   41,957,030 0 0
Statoil ASA [COM ISIN NO0010096985] Sponsored ADR 85771P102 1,626,180 111,688,175 SH   SOLE   111,688,175 0 0
Royal Caribbean Cruises Ltd. [COM ISIN LR0008862868] Common Stock V7780T103 457,440 5,134,599 SH   SOLE   5,134,599 0 0
Seadrill Ltd. [COM ISIN BMG7945E1057] Comunit Rep LB G7945E105 61,968 10,503,256 SH   SOLE   10,503,256 0 0
Autoliv Inc. [COM ISIN SE0000382335] Common Stock 052800109 40,722 373,575 SH   SOLE   373,575 0 0
Nokia Corp [COM ISIN FI0009000681 ] Sponsored ADR 654902204 80,088 11,812,542 SH   SOLE   11,812,542 0 0
Novo-Nordisk A S [COM ISIN DK0060534915 ] ADR 670100205 366,617 6,759,159 SH   SOLE   6,759,159 0 0
Ericsson [COM ISIN SE0000108656 ] ADR B SEK 10 294821608 79,788 8,158,198 SH   SOLE   8,158,198 0 0
ABB Ltd. [COM ISIN CH0012221716] Sponsored ADR 000375204 60,205 3,407,246 SH   SOLE   3,407,246 0 0
Golden Ocean Group Ltd. [COM ISIN BMG396371061] Shares G39637106 14,493 5,892,026 SH   SOLE   5,892,026 0 0