Investor Magnus Halvorsen has made more and more successful moves in the stock market over the past couple of years, and this is now reflected in his investment company MH Capital.

When last year is summed up, his stock portfolio amounted to NOK 539 million – having risen in value by just over NOK 180 million until 2022. The increase in value corresponds to just over 50 percent in a year that saw the benchmark index fluctuate sharply. . And it ended up almost where it started.

The cost of shares in the portfolio is reported to be just NOK 319 million. In addition, on New Year’s Day, Halvorsen had unlisted shares and shares on other trading venues worth approximately NOK 73 million, but here he lost about NOK 20 million.

Take profits

Halvorsen has had several successful outside investments, engaging in a return to oil services stocks. Halvorsen has invested in both seismic surveying companies PGS and TGS and housing platforms Prosafe – as well as shipping company 2020 Bulkers, which he himself helped found.

The Holdings shareholder database shows that the investor’s largest investment today is precisely 2020 Bulkers, where he currently owns NOK 200 million worth of shares. Last week, the last recorded sale of PGS took place, for NOK 100 million. Finansavisen reported at the end of September that Halvorsen had NOK 350 million worth of PGS shares in March.

According to MH Capital’s 2022 annual accounts, the owner has accepted dividends of more than NOK 80 million. With this, Halvorsen has earned NOK 145 million in profits since founding the company in 2016, and has continued his increasingly private career after having been one of Tor Olav Trøim’s closest partners for a long time.

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