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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
Marine Harvest ASA [COM ISIN NO0003054108]Sponsored ADR56824R205552,99441,957,030SH SOLE 41,957,03000
Statoil ASA [COM ISIN NO0010096985]Sponsored ADR85771P1021,576,882112,957,144SH SOLE 112,957,14400
Royal Caribbean Cruises Ltd. [COM ISIN LR0008862868]Common StockV7780T103456,6904,512,300SH SOLE 4,512,30000
Seadrill Ltd. [COM ISIN BMG7945E1057]SharesG7945E10531,5499,306,525SH SOLE 9,306,52500
Autoliv Inc. [COM ISIN SE0000382335]Common Stock05280010946,611373,575SH SOLE 373,57500
Nokia Corp [COM ISIN FI0009000681]Sponsored ADR65490220461,2498,724,897SH SOLE 8,724,89700
Novo-Nordisk A S [COM ISIN DK0060534915]ADR670100205403,3826,945,288SH SOLE 6,945,28800
Ericsson [COM ISIN SE0000108656]ADR B SEK 1029482160868,6467,143,161SH SOLE 7,143,16100
ABB Ltd. [COM ISIN CH0012221716]Sponsored ADR00037520449,2302,776,664SH SOLE 2,776,66400
Golden Ocean Group Ltd. [COM ISIN BMG396371061]SharesG396371066,6236,189,788SH SOLE 6,189,78800
Frontline Ltd. [COM ISIN BMG3682E1921]SharesG3682E12738,22412,783,878SH SOLE 12,783,87800