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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hours per response: 23.8
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 662,070 43,216,050 SH   SOLE   43,216,050 0 0
Statoil ASA [COM ISIN NO0010096985] Sponsored ADR 85771P102 1,827,319 117,436,971 SH   SOLE   117,436,971 0 0
Frontline Ltd. [COM ISIN BMG3682E1921] Shares G3682E127 16,288 1,946,030 SH   SOLE   1,946,030 0 0
Seadrill Ltd. [COM ISIN BMG7945E1057] Shares G7945E105 43,925 13,310,553 SH   SOLE   13,310,553 0 0
Autoliv Inc. [COM ISIN SE0000382335] Common Stock 052800109 44,261 373,575 SH   SOLE   373,575 0 0
Nokia Corp [COM ISIN FI0009000681] Sponsored ADR 654902204 51,564 8,724,897 SH   SOLE   8,724,897 0 0
Novo-Nordisk A S [COM ISIN DK0060534915] ADR 670100205 398,441 7,352,675 SH   SOLE   7,352,675 0 0
Ericsson [COM ISIN SE0000108656] ADR B SEK 10 294821608 74,655 7,443,161 SH   SOLE   7,443,161 0 0
ABB Ltd. [COM ISIN CH0012221716] Sponsored ADR 000375204 17,794 916,292 SH   SOLE   916,292 0 0
Golden Ocean Group Ltd. [COM ISIN BMG396371145] Shares G39637106 12,853 18,493,675 SH   SOLE   18,493,675 0 0