DNB Asset Management AS

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), DNB Asset Management AS reported 715 stock positions worth $22.1 billion. Its top holding was Microsoft (MSFT) at 6.4% of the portfolio, followed by Alphabet Class A (GOOGL, 5.7%) and Nvidia (NVDA, 5.6%). Compared with Q2 2024, it opened 69 new positions, sold out of 62, added to 451 and reduced 138. The biggest buy was a new position in Check Point Software Tech (CHKP) and the biggest sale an exit from Check Point Software Tech.

Most Recent 13F
Q2 2026
Location
Oslo, Q8
CIK
0001456670
Portfolio Value
$22.1B (Q3 2024)
SEC Filing
0000912282-24-000768 ↗ filed Nov 12, 2024

Holdings Value

0$10.0B$20.0B$30.0B$40.0B Q1 2024: $19.2B Q1 2024 Q2 2024: $21.0B Q2 2024 Q3 2024: $22.1B $22.1B Q3 2024 Q4 2024: $23.1B Q4 2024 Q1 2025: $21.7B Q1 2025 Q2 2025: $24.1B Q2 2025 Q3 2025: $26.7B Q3 2025 Q4 2025: $28.7B Q4 2025 Q1 2026: $28.0B Q1 2026 Q2 2026: $35.7B Q2 2026

Holdings 715 stocks · $22.1B
MSFT Microsoft Corp. 6.40% 3,292,912 $1.4B Reduce -10.1%
GOOGL Alphabet Inc. Class A 5.72% 7,636,519 $1.3B Add +3.2%
NVDA Nvidia Corp. 5.64% 10,285,872 $1.2B Add +10.9%
AMZN Amazon.com Inc. 4.89% 5,810,476 $1.1B Add +14.8%
META Meta Platforms Inc. Class A 3.91% 1,511,524 $865.3M Reduce -9.6%
AAPL Apple Inc. 3.81% 3,619,694 $843.4M Reduce -14.7%
WDC Western Digital Corp. 3.27% 10,609,872 $724.5M Add +35.0%
V Visa Inc. Class A 3.10% 2,493,256 $685.5M Add +25.8%
MA Mastercard Inc. Class A 2.42% 1,086,393 $536.5M Add +12.5%
CHKP Check Point Software Tech 1.54% 1,774,058 $342.1M New
LLY Eli Lilly & Co. 1.41% 351,899 $311.8M Reduce -2.3%
EA Electronic Arts Inc. 1.09% 1,675,846 $240.4M Add +0.1%
JNJ Johnson & Johnson 1.00% 1,362,948 $220.9M Add +0.4%
CRTO Criteo SA-Spon 0.98% 5,378,521 $216.4M Reduce -0.6%
TTWO Take-Two Interactive Softwre 0.97% 1,400,352 $215.2M Reduce -0.5%
AVGO Broadcom Inc. 0.89% 1,141,653 $196.9M Reduce -14.7%
CRM Salesforce Inc. 0.86% 694,441 $190.1M Add +1.1%
JPM JPMorgan Chase & Co. 0.85% 893,013 $188.3M Reduce -28.3%
DDOG Datadog Inc. Class A 0.85% 1,635,874 $188.2M Add +93.0%
TSM Taiwan Semiconductor-SP ADR 0.84% 1,070,562 $185.9M Reduce -22.4%
TSLA Tesla Inc. 0.77% 653,814 $171.1M Reduce -12.7%
CB Chubb Ltd. 0.73% 561,534 $161.9M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.72% 4,031,736 $160.0M Add +7.7%
GOOG Alphabet Inc. Class C 0.67% 882,124 $147.5M Add +3.3%
TMUS T-Mobile US Inc. 0.67% 714,451 $147.4M Reduce -18.3%
UNH Unitedhealth Group Inc. 0.65% 247,367 $144.6M Reduce -0.9%
BRK.B Berkshire Hathaway Inc. Class B 0.63% 302,505 $139.2M Add +4.7%
NOW ServiceNow Inc. 0.60% 149,724 $133.9M Reduce -6.5%
LRCX Lam Research Corp. 0.60% 161,696 $132.0M Add +287.7%
SPGI S&P Global Inc. 0.60% 255,201 $131.8M Add +0.4%
XOM Exxon Mobil Corp. 0.58% 1,098,061 $128.7M Add +0.8%
NFLX Netflix Inc. 0.57% 177,718 $126.1M Reduce -10.4%
TMO Thermo Fisher Scientific Inc. 0.55% 198,471 $122.8M Add +1.6%
CSCO Cisco Systems Inc. 0.51% 2,111,967 $112.4M Add +30.8%
INTC Intel Corp. 0.50% 4,762,832 $111.7M Reduce -16.2%
WDAY Workday Inc. Class A 0.49% 441,908 $108.0M Add +51.4%
ABBV Abbvie Inc. 0.48% 539,481 $106.5M Add +2.7%
ADBE Adobe Inc. 0.48% 204,480 $105.9M Reduce -15.0%
MDT Medtronic PLC 0.46% 1,136,939 $102.4M New
PEP Pepsico Inc. 0.46% 593,212 $100.9M Add +7.4%
WMT Walmart Inc. 0.45% 1,245,227 $100.6M Add +73.7%
ORCL Oracle Corp. 0.44% 567,744 $96.7M Reduce -65.8%
MS Morgan Stanley 0.44% 928,019 $96.7M Add +0.3%
NEE Nextera Energy Inc. 0.44% 1,141,931 $96.5M Add +9.8%
HD Home Depot Inc. 0.43% 237,319 $96.2M Add +1.3%
MELI MercadoLibre Inc. 0.38% 41,448 $85.0M Add +4.3%
VRTX Vertex Pharmaceuticals Inc. 0.38% 181,653 $84.5M Add +9.0%
EMR Emerson Electric Co. 0.38% 759,773 $83.1M Add +1.0%
MRK Merck & Co. Inc. 0.37% 723,271 $82.1M Add +6.1%
CRWD CrowdStrike Holdings Inc. Class A 0.36% 286,128 $80.3M Add +389.2%
BMRN Biomarin Pharmaceutical Inc. 0.34% 1,074,628 $75.5M Add +5.3%
PG The Procter & Gamble Co. 0.34% 430,406 $74.5M Reduce -0.5%
ARW Arrow Electronics Inc. 0.33% 555,065 $73.7M Add +6.5%
COST Costco Wholesale Corp. 0.32% 80,467 $71.3M Add +9.5%
AMD Advanced Micro Devices 0.31% 419,369 $68.8M Add +6.0%
ZS Zscaler Inc. 0.31% 400,221 $68.4M Add +59.7%
KO The Coca-Cola Co. 0.31% 950,597 $68.3M Add +17.8%
MTB M & T Bank Corp. filed as M & T BK CORP 0.31% 380,542 $67.8M Add +1182.9%
CVX Chevron Corp. 0.30% 454,894 $67.0M Add +1.8%
GS Goldman Sachs Group Inc. 0.30% 132,875 $65.8M Reduce -7.8%
SWKS Skyworks Solutions Inc. 0.29% 651,657 $64.4M Add +0.4%
CL Colgate-Palmolive Co. 0.29% 615,189 $63.9M Reduce -6.4%
HUM Humana Inc. 0.29% 200,241 $63.4M Reduce -6.8%
ABT Abbott Laboratories 0.29% 554,344 $63.2M Add +5.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.26% 262,221 $58.0M Add +26.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.26% 1,376,956 $57.8M Add +45.0%
ENPH Enphase Energy Inc. 0.26% 505,851 $57.2M Reduce -1.2%
VIK Viking Holdings Ltd. 0.26% 1,632,439 $57.0M Add +11.2%
DECK Deckers Outdoor Corp. 0.26% 356,166 $56.8M Reduce -1.1%
YUM Yum! Brands Inc. 0.25% 392,430 $54.8M Add +26.8%
GE General Electric filed as GE AEROSPACE 0.25% 289,381 $54.6M Reduce -23.5%
VZ Verizon Communications Inc. 0.24% 1,184,911 $53.2M Add +32.6%
TXN Texas Instruments Inc. 0.24% 256,150 $52.9M Reduce -18.9%
AMGN Amgen Inc. 0.24% 161,757 $52.1M Add +6.3%
HPQ HP Inc. 0.23% 1,390,555 $49.9M Reduce -60.0%
UNP Union Pacific Corp. 0.22% 201,258 $49.6M Add +0.5%
GLW Corning Inc. 0.22% 1,082,569 $48.9M Add +611.2%
QCOM Qualcomm Inc. 0.22% 287,390 $48.9M Add +5.0%
APH Amphenol Corp. Class A 0.22% 749,631 $48.8M Reduce -9.9%
FANG Diamondback Energy Inc. 0.22% 278,712 $48.0M Reduce -10.7%
CCK Crown Holdings Inc. 0.22% 499,714 $47.9M Reduce -1.2%
BLK BlackRock Finance Inc. 0.22% 50,379 $47.8M Reduce -21.7%
ICE Intercontinental Exchange Inc. 0.22% 297,005 $47.7M Add +1.6%
DHR Danaher Corp. 0.21% 170,901 $47.5M Reduce -1.0%
ISRG Intuitive Surgical Inc. 0.21% 93,125 $45.7M Add +11.3%
DAR Darling Ingredients Inc. 0.21% 1,229,571 $45.7M Add +4.3%
PFE Pfizer Inc. 0.20% 1,540,881 $44.6M Add +6.7%
DE Deere & Co. 0.20% 106,790 $44.6M Add +2.7%
HPE Hewlett Packard Enterprise 0.20% 2,123,101 $43.4M Add +38.8%
LIN Linde PLC 0.20% 90,930 $43.4M New
SO The Southern Co. 0.19% 471,460 $42.5M Add +14.7%
CI The Cigna Group 0.19% 122,062 $42.3M Add +3.7%
AMAT Applied Materials Inc. 0.19% 206,699 $41.8M Reduce -11.9%
PTON Peloton Interactive Inc. Class A 0.19% 8,827,240 $41.3M Reduce -27.2%
ADP Automatic Data Processing 0.18% 145,998 $40.4M Add +1.2%
ITW Illinois Tool Works 0.18% 153,062 $40.1M Add +10.2%
PH Parker Hannifin Corp. 0.18% 62,952 $39.8M Add +0.9%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.18% 397,727 $39.6M Add +27.7%
ACN Accenture PLC Class A 0.18% 109,845 $38.8M New
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.17% 369,206 $38.7M Reduce -1.1%

Show all 715 holdings

Portfolio Sells Q2 2024 → Q3 2024
CHECK POINT SOFTWARE TECH Sold out 0.00% −1.69
MSFT Microsoft Corp. Reduce -10.1% 6.40% −1.42
CHUBB LTD Sold out 0.00% −0.69
ORCL Oracle Corp. Reduce -65.8% 0.44% −0.68
PTC PTC Inc. Reduce -96.5% 0.02% −0.48
AAPL Apple Inc. Reduce -14.7% 3.81% −0.46
Medtronic PLC Sold out 0.00% −0.41
HPQ HP Inc. Reduce -60.0% 0.23% −0.36
JPM JPMorgan Chase & Co. Reduce -28.3% 0.85% −0.35
INTC Intel Corp. Reduce -16.2% 0.50% −0.34
TSM Taiwan Semiconductor-SP ADR Reduce -22.4% 0.84% −0.30
MU Micron Technology Inc. Reduce -54.6% 0.15% −0.30
LINDE PLC Sold out 0.00% −0.18
GTLB Gitlab Inc. Class A Sold out 0.00% −0.18
ADBE Adobe Inc. Reduce -15.0% 0.48% −0.16
Eaton Corp PLC Sold out 0.00% −0.15
ACCENTURE PLC Sold out 0.00% −0.15
LLY Eli Lilly & Co. Reduce -2.3% 1.41% −0.15
AVGO Broadcom Inc. Reduce -14.7% 0.89% −0.14
META Meta Platforms Inc. Class A Reduce -9.6% 3.91% −0.12
Ferguson PLC Sold out 0.00% −0.10
KVUE Kenvue Inc. Reduce -77.5% 0.04% −0.10
HUM Humana Inc. Reduce -6.8% 0.29% −0.10
TRANE TECHNOLOGIES PLC Sold out 0.00% −0.09
FANG Diamondback Energy Inc. Reduce -10.7% 0.22% −0.08
TCOM Trip.com Group Ltd.-ADR Sold out 0.00% −0.08
TORM PLC Sold out 0.00% −0.08
AMAT Applied Materials Inc. Reduce -11.9% 0.19% −0.08
CFLT Confluent Inc. Class A Sold out 0.00% −0.07
TTWO Take-Two Interactive Softwre Reduce -0.5% 0.97% −0.07
TMUS T-Mobile US Inc. Reduce -18.3% 0.67% −0.07
NFLX Netflix Inc. Reduce -10.4% 0.57% −0.07
TXN Texas Instruments Inc. Reduce -18.9% 0.24% −0.05
Johnson Controls International Sold out 0.00% −0.05
PANW Palo Alto Networks Inc. Reduce -35.2% 0.08% −0.05
NXP Semiconductors Sold out 0.00% −0.05
ELV Elevance Health Inc. Reduce -20.8% 0.13% −0.05
CTAS Cintas Corp. Reduce -47.7% 0.07% −0.05
CRH PLC Sold out 0.00% −0.05
APH Amphenol Corp. Class A Reduce -9.9% 0.22% −0.05
AON PLC Sold out 0.00% −0.05
Transocean Ltd Sold out 0.00% −0.04
GE General Electric Reduce -23.5% 0.25% −0.04
TE Connectivity Ltd Sold out 0.00% −0.04
DELL Dell Technologies -C Reduce -37.0% 0.04% −0.04
CDNS Cadence Design SYS Inc. Reduce -15.0% 0.09% −0.04
Royal Caribbean Cruises Ltd Sold out 0.00% −0.03
VLO Valero Energy Corp. Reduce -31.1% 0.04% −0.03
ICON Plc Sold out 0.00% −0.03
SNPS Synopsys Inc. Reduce -2.1% 0.10% −0.03

Portfolio Buys Q2 2024 → Q3 2024
CHKP Check Point Software Tech New 1.54% +1.54
CB Chubb Ltd. New 0.73% +0.73
V Visa Inc. Class A Add +25.8% 3.10% +0.61
MDT Medtronic PLC New 0.46% +0.46
WDC Western Digital Corp. Add +35.0% 3.27% +0.43
MA Mastercard Inc. Class A Add +12.5% 2.42% +0.39
LRCX Lam Research Corp. Add +287.7% 0.60% +0.38
DDOG Datadog Inc. Class A Add +93.0% 0.85% +0.33
MTB M & T Bank Corp. Add +1182.9% 0.31% +0.28
CRWD CrowdStrike Holdings Inc. Class A Add +389.2% 0.36% +0.26
WMT Walmart Inc. Add +73.7% 0.45% +0.22
AMZN Amazon.com Inc. Add +14.8% 4.89% +0.22
LIN Linde PLC New 0.20% +0.20
GLW Corning Inc. Add +611.2% 0.22% +0.19
WDAY Workday Inc. Class A Add +51.4% 0.49% +0.18
ACN Accenture PLC Class A New 0.18% +0.18
NVDA Nvidia Corp. Add +10.9% 5.64% +0.17
ETN Eaton Corp. PLC New 0.16% +0.16
CSCO Cisco Systems Inc. Add +30.8% 0.51% +0.14
CRH CRH PLC New 0.14% +0.14
SBLK Star Bulk Carriers Corp. Add +259.9% 0.15% +0.11
FERG Ferguson Enterprises Inc. New 0.10% +0.10
TT Trane Technologies PLC New 0.10% +0.10
IBM Intl Business Machines Corp. Add +26.6% 0.26% +0.09
NEE Nextera Energy Inc. Add +9.8% 0.44% +0.08
STT State Street Corp. Add +421.8% 0.10% +0.08
CME Cme Group Inc. Add +125.7% 0.14% +0.08
PLD Prologis Inc. Add +82.6% 0.17% +0.08
ZS Zscaler Inc. Add +59.7% 0.31% +0.08
SRE Sempra Add +131.9% 0.12% +0.07
MELI MercadoLibre Inc. Add +4.3% 0.38% +0.07
BRK.B Berkshire Hathaway Inc. Class B Add +4.7% 0.63% +0.07
PAYX Paychex Inc. Add +162.9% 0.10% +0.07
VZ Verizon Communications Inc. Add +32.6% 0.24% +0.06
KO The Coca-Cola Co. Add +17.8% 0.31% +0.06
JCI Johnson Controls Internation New 0.06% +0.06
WCN Waste Connections Inc. Add +140.9% 0.10% +0.06
FISV Fiserv Inc. Add +56.6% 0.12% +0.05
SPGI S&P Global Inc. Add +0.4% 0.60% +0.05
PFG Principal Financial Group Add +368.8% 0.07% +0.05
AON Aon PLC Class A New 0.05% +0.05
YUM Yum! Brands Inc. Add +26.8% 0.25% +0.05
ABBV Abbvie Inc. Add +2.7% 0.48% +0.05
JNJ Johnson & Johnson Add +0.4% 1.00% +0.05
HD Home Depot Inc. Add +1.3% 0.43% +0.05
BDX Becton Dickinson and Co. Add +64.3% 0.13% +0.05
CFG Citizens Financial Group Add +318.5% 0.06% +0.05
SLB SLB Ltd. Add +45.0% 0.26% +0.05
KEY Keycorp Add +402.8% 0.06% +0.05
NXPI NXP Semiconductors NV New 0.05% +0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,276$35.7BMSFT, NVDA, GOOGL, AMZN, AVGO
Q1 2026 1,235$28.0BMSFT, NVDA, AMZN, GOOGL, AAPL
Q4 2025 731$28.7BMSFT, NVDA, GOOGL, AMZN, AAPL
Q3 2025 731$26.7BMSFT, NVDA, GOOGL, AAPL, AMZN
Q2 2025 716$24.1BMSFT, NVDA, GOOGL, AMZN, META
Q1 2025 738$21.7BMSFT, NVDA, AMZN, GOOGL, AAPL
Q4 2024 732$23.1BMSFT, GOOGL, AMZN, NVDA, AAPL
Q3 2024 715$22.1BMSFT, GOOGL, NVDA, AMZN, META
Q2 2024 708$21.0BMSFT, GOOGL, NVDA, AMZN, AAPL
Q1 2024 705$19.2BMSFT, META, GOOGL, NVDA, AAPL