Pareto Securities' Norwegian Portfolio Outperforms Index in June, Replaces Two Holdings with Aker BP and Moreld

Tuesday, Jul 1, 2025 2:53 am ET1min read

Pareto Securities' Norwegian equity portfolio rose 6.1% in June, outperforming the OSEBX benchmark index's 3.8% increase. Envipco was the top performer, surging 36.9% during the month. However, Envipco and Vår Energi were replaced by Aker BP and Moreld ahead of July, while the remaining stocks in the portfolio are DNB, Endur, Europris, Frontline, Salmar, Storebrand, and Vend.

In June 2025, the iShares Russell 1000 ETF (Symbol: IWB) saw analysts predict a 9.71% upside to its current trading price of $333.46 per unit, with an implied target price of $365.84 per unit [1]. This optimism is reflected in the average analyst targets for several of IWB's underlying holdings, including Zillow Group Inc (Symbol: ZG), Dun & Bradstreet Holdings Inc (Symbol: DNB), and Kilroy Realty Corp (Symbol: KRC). ZG has a target price of $80.56 per share, a 20.22% increase from its recent price of $67.01. Similarly, DNB has an 11.08% upside to its target price of $10.07, while KRC is expected to reach $37.86 per share, a 10.95% increase from its recent price of $34.12 [1].

Pareto Securities' Norwegian equity portfolio also saw notable performance in June, rising by 6.1%, compared to the OSEBX benchmark index's 3.8% increase. Envipco was the top performer, surging 36.9%, but was replaced by Aker BP and Moreld ahead of July. The remaining stocks in the portfolio are DNB, Endur, Europris, Frontline, Salmar, Storebrand, and Vend [2].

While analysts' targets suggest optimism, the justification for these targets is not explicitly detailed in the provided materials. Further investor research is required to determine if these targets are valid or if they reflect optimism that may not align with recent company and industry developments. High price targets relative to current trading prices can indicate optimism about the future, but can also signal potential target price downgrades if the targets become outdated.

References:
[1] https://www.nasdaq.com/articles/how-parts-add-iwb-targets-366
[2] https://www.paretosecurities.com/news/2025/06/19/norwegian-equity-portfolio-performance-june-2025

Pareto Securities' Norwegian Portfolio Outperforms Index in June, Replaces Two Holdings with Aker BP and Moreld

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