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 768,213 45,456,363 SH   SOLE   45,456,363 0 0
Statoil ASA [COM ISIN NO0010096985] Sponsored ADR 85771P102 2,120,063 122,476,222 SH   SOLE   122,476,222 0 0
Frontline Ltd. [COM ISIN BMG3682E1921] Shares G3682E192 4,797 609,526 SH   SOLE   609,526 0 0
Seadrill Ltd. [COM ISIN BMG7945E1057] Shares G7945E105 36,646 11,310,553 SH   SOLE   11,310,553 0 0
Autoliv Inc. [COM ISIN SE0000382335] Common Stock 052800109 40,141 373,575 SH   SOLE   373,575 0 0
Nokia Corp [COM ISIN FI0009000681] Sponsored ADR 654902204 104,632 18,388,710 SH   SOLE   18,388,710 0 0
Novo-Nordisk A S [COM ISIN DK0060534915] ADR 670100205 396,234 7,367,675 SH   SOLE   7,367,675 0 0
Ericsson [COM ISIN SE0000108656] ADR B SEK 10 294821608 75,091 9,777,504 SH   SOLE   9,777,504 0 0
ABB Ltd. [COM ISIN CH0012221716] Sponsored ADR 000375204 6,470 326,292 SH   SOLE   326,292 0 0
Golden Ocean Group Ltd. [COM ISIN BMG396371301] Shares G39637106 12,284 18,493,675 SH   SOLE   18,493,675 0 0