| Fund Name: | Fearnley Asset Management |
| Manager | Lars Tjeldflaat And Ole-Jacob Storvik |
| Portfolio Value | $278,129,257 |
| Change This QTR | +0.91% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | SM | 1,496,537 | $39,059,616 | +8% | 14.04% | ||
| 2. | AR | 977,727 | $34,357,327 | +124% | 12.35% | ||
| 3. | VTOL | 696,001 | $28,758,761 | +9% | 10.34% | ||
| 4. | PBR | 1,678,000 | $27,116,480 | -3% | 9.75% | ||
| 5. | MTDR | 515,700 | $25,671,546 | +1% | 9.23% |