ENOR holdings and overlap
iShares MSCI Norway ETF (ENOR) holds 58 positions in its iShares file of 2026-10-27. Its three largest are Equinor (EQNR.NO) at 13.14%, DNB Bank (DNB.NO) at 11.68% and Kongsberg Gruppen (KOG.NO) at 5.90%, and its ten largest make up 58.3% of the fund.
In its iShares file of 2026-10-27, ENOR is 18.7% energy, 14.1% financials and 7.4% consumer staples by sector (no sector found for 43.0%), with none of it in mega-cap tech or in the ten largest US companies by market value. By country, 99.7% of ENOR is in Norway.
What does ENOR hold, as of its issuer file of 2026-10-27?
Equinor is 13.14% of ENOR on its own, against a median largest position of 10.9% across the 25 Europe funds with a page here. The position ENOR carries furthest above that group is DNB Bank at 11.68% of the fund, a company the median fund in that group does not hold at all.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | EQNR.NO Equinor | 13.14% | |
| 2 | DNB.NO DNB Bank | 11.68% | |
| 3 | KOG.NO Kongsberg Gruppen | 5.9% | |
| 4 | AKRBP.NO Aker BP | 5.53% | |
| 5 | MOWI.NO Mowi | 4.29% | |
| 6 | NHY.NO Norsk Hydro | 4.01% | |
| 7 | TEL.NO Telenor | 3.57% | |
| 8 | STB.NO Storebrand | 3.45% | |
| 9 | SUBC.NO Subsea | 3.35% | |
| 10 | FRO.NO Frontline PLC | 3.33% | |
| 11 | ORK.NO Orkla | 3.16% | |
| 12 | YAR.NO Yara International | 2.87% | |
| 13 | VAR.NO Var Energi | 2.48% | |
| 14 | GJF.NO Gjensidige Forsikring | 2.39% | |
| 15 | SB1NO.NO Sparebank Sr-Norge | 2.13% | |
| 16 | SALM.NO Salmar | 1.81% | |
| 17 | VEND.NO Vend Marketplaces ASA | 1.49% | |
| 18 | NOD.NO Nordic Semiconductor | 1.47% | |
| 19 | TGS.NO TGS Nopec Geophysical | 1.28% | |
| 20 | MING.NO Sparebank SMNS | 1.23% | |
| 21 | AKER.NO Aker | 1.17% | |
| 22 | KMAR.NO Kongsberg Maritime | 1.13% | |
| 23 | BAKKA.NO Bakkafrost | 1.07% | |
| 24 | BWLPG.NO BW LPG Ltd | 1.04% | |
| 25 | PROT.NO Protector Forsikring | 1.03% | |
| 26 | TOM.NO Tomra Systems | 0.98% | |
| 27 | HAUTO.NO Hoegh Autoliners | 0.87% | |
| 28 | DOFG.NO Dof Group | 0.83% | |
| 29 | KIT.NO Kitron | 0.8% | |
| 30 | WAWI.NO Wallenius Wilhelmsen | 0.79% | |
| 31 | NONG.NO Sparebank Nord-Norge | 0.73% | |
| 32 | AUTO.NO Autostore Holdings Ltd | 0.7% | |
| 33 | BNOR.NO Bluenord | 0.64% | |
| 34 | EPR.NO Europris | 0.61% | |
| 35 | ATEA.NO Atea | 0.61% | |
| 36 | ODL.NO Odfjell Drilling | 0.6% | |
| 37 | CADLR.NO Cadeler | 0.59% | |
| 38 | LSG.NO Leroy Seafood Group | 0.53% | |
| 39 | SCATC.NO Scatec Solar | 0.53% | |
| 40 | MPCC.NO MPC Container Ships | 0.52% | |
| 41 | AKSO.NO Aker Solutions | 0.51% | |
| 42 | DNO.NO Dno | 0.47% | |
| 43 | SPOL.NO Sparebank Ostlandet | 0.44% | |
| 44 | ELK.NO Elkem | 0.43% | |
| 45 | WWI.NO Wilh. Wilhelmsen Holding A | 0.39% | |
| 46 | SATS.NO Sats | 0.34% | |
| 47 | NORCO.NO Norconsult | 0.32% | |
| 48 | SNI.NO Stolt-Nielsen Ltd | 0.32% | |
| 49 | AUSS.NO Austevoll Seafood | 0.3% | |
| 50 | LINK.NO Link Mobility Group Holding | 0.28% | |
| 51 | NAS.NO Norwegian Air Shuttle | 0.27% | |
| 52 | NORBT.NO Norbit | 0.25% | |
| 53 | ELO.NO Elopak | 0.23% | |
| 54 | B2I.NO B2 Impact | 0.19% | |
| 55 | PLSV.NO Paratus Energy Ser Ltd | 0.17% | |
| 56 | ENTRA.NO Entra | 0.17% | |
| 57 | BWO.NO BW Offshore | 0.16% | |
| 58 | BWE.NO BW Energy Ltd | 0.15% |
The most recent file iShares has published for ENOR is dated 2026-10-27, 1 day before these prices, which is the median for the iShares ETFs covered here. Every one of the 58 positions ENOR holds, with its weight, is in the fund's JSON file. See the other 42 ETFs with a page here that hold EQNR.NO, and how their weights compare with the 13.14% ENOR gives it.
Category: Europe, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 100% of its stocks with a known country are in Norway, which this site counts in Europe. How categories are set.
https://tickerinside.com/api/v1/fund/enor.jsonhttps://tickerinside.com/api/v1/fund/enor.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/enor.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/enor.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/enor.jsonHow much money went into or out of ENOR?
On the close of Friday, October 23, 2026, ENOR neither created nor redeemed shares. Over its last 5 closes, a net inflow of $11 million.
From ENOR's own holdings files. Every ETF's latest flows.
How is ENOR split by sector and country?
| Sector | Weight | Weight bar |
|---|---|---|
| Energy | 18.7% | |
| Financials | 14.1% | |
| Consumer staples | 7.4% | |
| Materials | 6.9% | |
| Industrials | 5.9% | |
| Communication services | 3.6% | |
| Real estate | 0.2% | |
| No sector found | 43.0% |
| Country | Weight | Weight bar |
|---|---|---|
| Norway | 99.7% |
From its iShares file of 2026-10-27. How these are measured.
What did ENOR hold in its SEC reports since 2019?
ENOR's largest position in its SEC filings has been Equinor ASA (EQNR.NO) since 2019-11-30: 13.65% then and 12.48% in its report for 2026-05-31, across 27 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-11-30 | 62 | EQNR.NO 13.65% | 62.5% |
| 2020-11-30 | 54 | DNB.NO 12.11% | 59.7% |
| 2021-11-30 | 65 | EQNR.NO 13.74% | 60.1% |
| 2022-11-30 | 67 | EQNR.NO 21.63% | 63.7% |
| 2023-11-30 | 67 | EQNR.NO 17.85% | 60.5% |
| 2024-11-30 | 62 | EQNR.NO 12.71% | 60.0% |
| 2025-11-30 | 56 | DNB.NO 13.25% | 60.9% |
| 2026-05-31 | 56 | EQNR.NO 12.48% | 61.1% |
The first report, then the last of each year, of the 27 reports ENOR filed on SEC Form N-PORT from 2019-11-30 to 2026-05-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/enor/{date}.json. How these are read.
What does ENOR share with other ETFs?
The ETF nearest to ENOR is IEUS: the two hold 5.9% of their weight in common, in the 46 companies both own, and 39.0% of ENOR itself is also held there. ENOR barely overlaps any covered ETF.
| ETF | Overlap by weight | Of ENOR held there | Of that ETF in ENOR | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| IEUS | 5.9% | 39.0% | 6.0% | 46 | |
| IDV | 5.4% | 21.4% | 5.4% | 5 | |
| VEGI | 4.9% | 10.9% | 4.9% | 6 | |
| IPKW | 3.9% | 14.7% | 3.9% | 2 | |
| IDLV | 2.9% | 27.2% | 2.9% | 6 | |
| SCHC | 2.8% | 31.9% | 2.8% | 34 | |
| HSCZ | 2.6% | 39.0% | 2.6% | 46 | |
| SCZ | 2.6% | 39.0% | 2.6% | 46 | |
| PDN | 2.5% | 36.3% | 2.5% | 33 | |
| ERTH | 2.4% | 6.1% | 2.4% | 2 | |
| FNDC | 2.1% | 36.2% | 2.1% | 31 | |
| EFAV | 2.0% | 48.4% | 2.0% | 8 |
The holdings of SCHC and FNDC are from their SEC Form N-PORT filings for the period ended 2026-08-31, filed 2026-10-27. The other ETFs' holdings are from their issuers' latest files. Check ENOR against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to ENOR?
SOXX shares 0% of weight with ENOR and its weekly returns correlate with it at 0.31 over three years. The table lists the covered ETFs with the least in common with ENOR, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| SOXX | iShares Semiconductor ETF | 0.0% | 0.31 | 0 |
| USRT | iShares Core U.S. REIT ETF | 0.0% | 0.34 | 0 |
| THRO | iShares U.S. Thematic Rotation Active ETF | 0.0% | 0.35 | 0 |
| IYR | iShares U.S. Real Estate ETF | 0.0% | 0.35 | 0 |
| IJR | iShares Core S&P Small-Cap ETF | 0.0% | 0.38 | 0 |
| REET | iShares Global REIT ETF | 0.0% | 0.39 | 0 |
| SMMD | iShares Russell 2500 ETF | 0.0% | 0.39 | 0 |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.0% | 0.40 | 0 |
Cost, returns and risk
| Expense ratio | 0.53% |
|---|---|
| Dividend yield | 5.24% |
| Total return, 1 year | 43.6% |
| Total return, 3 years cumulative | 93.2% |
| Total return, 5 years cumulative | 51.8% |
| Volatility, annualised | 16.9% |
| Worst fall, 3 years | -13.7% |
| Beta against SPY, 3 years of weekly returns | 0.5 |
| Weight in the ten largest positions | 58.3% |
| Largest single position | 13.1% |
| Assets under management | $0.2B |
Expense ratio, yield and assets are reference data (the expense ratio from ENOR's SEC filing of 2025-12-19); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-27; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.41loosely linked | 96 |
| QQQ | 0.31barely linked | 101 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 36.5% |
| 2025 | 32.0% |
| 2024 | -2.3% |
| 2023 | 4.8% |
| 2022 | -12.5% |
One year
Where to go next
- EPOL, iShares MSCI Poland ETF
- EUFN, iShares MSCI Europe Financials ETF
- EWD, iShares MSCI Sweden ETF
- EWG, iShares MSCI Germany ETF
- Run a portfolio x-ray to see what ENOR carries once you look through it
- Compare ENOR against any other ETF in the builder
Holdings from the most recent file iShares has published, dated 2026-10-27. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, iShares MSCI Norway ETF (ENOR), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/enor/, CC BY 4.0
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