Skip to main content
Funds
News
Contact

The content on this page is marketing communication

SKAGEN m2 A as of 30/11/2025

Real Estate

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
CTP NV 330,621 45,634,024 71,239,886 5.66 %
Catena AB 138,444 40,092,244 65,757,080 5.22 %
Public Property Invest AS 2,363,529 35,411,327 52,352,167 4.16 %
Shurgard Self Storage SA 134,000 36,385,942 50,717,124 4.03 %
Equinix Inc (REIT) 6,517 47,906,053 49,645,020 3.94 %
CareTrust REIT Inc 128,397 38,699,038 48,729,020 3.87 %
CBRE Group Inc 28,869 23,288,530 47,243,821 3.75 %
Aedifica SA 58,628 51,331,629 45,755,871 3.64 %
Cityvarasto Oyj 218,750 41,009,500 43,489,215 3.46 %
Grainger PLC 1,620,600 48,816,741 40,173,339 3.19 %
Prologis Inc (REIT) 30,810 34,189,805 40,045,198 3.18 %
Prisma Properties AB 1,400,000 39,048,775 37,976,349 3.02 %
Capitaland Investment Ltd/Singapore 1,780,228 21,341,618 36,834,411 2.93 %
Independence Realty Trust Inc 207,753 37,919,927 36,030,117 2.86 %
UMH Properties Inc 233,108 35,014,005 35,665,667 2.83 %
LOG Commercial Properties e Participacoes SA 651,400 29,609,578 31,523,422 2.50 %
American Tower Corp (REIT) 16,715 35,125,290 30,639,844 2.43 %
Tokyu Fudosan Holdings Corp 292,116 15,806,254 27,486,187 2.18 %
Fastighets AB Balder (B shs) 365,647 25,994,953 26,627,129 2.12 %
UNITE Group PLC/The 372,000 40,289,792 26,318,869 2.09 %
Sun Communities Inc 20,120 32,887,448 26,213,978 2.08 %
Kimco Realty Corp (REIT) 124,720 34,241,460 26,056,775 2.07 %
Capitaland India Trust 2,743,677 15,886,865 25,492,485 2.03 %
Intea Fastigheter AB 348,433 16,389,143 25,179,310 2.00 %
Swire Properties Ltd 721,480 16,456,116 20,016,523 1.59 %
Americold Realty Trust Inc 175,942 50,628,343 19,268,691 1.53 %
Robinsons Land Corp 4,578,000 11,989,462 12,583,141 1.00 %
Sveafastigheter AB 267,161 10,756,540 11,875,913 0.94 %
Nexity SA 95,800 14,696,083 10,444,829 0.83 %
Ayala Land 2,214,000 10,036,218 7,769,034 0.62 %
Smartstop Self Storage REIT Inc 3,331 1,084,647 1,100,806 0.09 %
Total Real Estate 937,967,351 1,030,251,223 81.85 %

Communication Services

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Helios Towers PLC 2,594,000 31,189,592 55,474,478 4.41 %
Cellnex Telecom SA 139,826 55,459,280 42,436,207 3.37 %
Total Communication Services 86,648,873 97,910,685 7.78 %

Financials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
DigitalBridge Group Inc 535,000 76,599,467 52,532,401 4.17 %
Total Financials 76,599,467 52,532,401 4.17 %

Health Care

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Brookdale Senior Living Inc 304,664 16,383,116 34,290,242 2.72 %
Total Health Care 16,383,116 34,290,242 2.72 %

Consumer Discretionary

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Beazer Homes USA Inc 44,774 13,982,651 10,354,909 0.82 %
Toll Brothers 5,200 5,706,126 7,352,888 0.58 %
Total Consumer Discretionary 19,688,776 17,707,797 1.41 %

Total

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Total Holdings 1,153,759,400 1,242,237,899 98.69 %
Available liquidity 16,471,058 1.31 %
Total AUM 1,258,708,957 100.00 %

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com.