DNB Asset Management AS
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), DNB Asset Management AS reported 732 stock positions worth $23.1 billion. Its top holding was Microsoft (MSFT) at 8.5% of the portfolio, followed by Alphabet Class A (GOOGL, 6.5%) and Amazon.com (AMZN, 5.8%). Compared with Q3 2024, it opened 40 new positions, sold out of 23, added to 490 and reduced 182. The biggest buy was Microsoft (MSFT, shares +41%) and the biggest sale Western Digital (WDC, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- Oslo, Q8
- CIK
- 0001456670
- Portfolio Value
- $23.1B (Q4 2024)
- SEC Filing
- 0000912282-25-000140 ↗ filed Feb 12, 2025
Holdings Value
Holdings 732 stocks · $23.1B
| MSFT Microsoft Corp. | 8.49% | 4,656,797 | $2.0B | Add +41.4% |
| GOOGL Alphabet Inc. Class A | 6.51% | 7,951,657 | $1.5B | Add +4.1% |
| AMZN Amazon.com Inc. | 5.76% | 6,073,277 | $1.3B | Add +4.5% |
| NVDA Nvidia Corp. | 5.20% | 8,952,279 | $1.2B | Reduce -13.0% |
| AAPL Apple Inc. | 4.17% | 3,845,123 | $962.9M | Add +6.2% |
| META Meta Platforms Inc. Class A | 3.94% | 1,554,033 | $909.9M | Add +2.8% |
| V Visa Inc. Class A | 2.85% | 2,086,216 | $659.3M | Reduce -16.3% |
| MA Mastercard Inc. Class A | 2.40% | 1,052,034 | $554.0M | Reduce -3.2% |
| WDC Western Digital Corp. | 2.00% | 7,733,138 | $461.1M | Reduce -27.1% |
| CHKP Check Point Software Tech | 1.23% | 1,522,871 | $284.3M | Reduce -14.2% |
| TTWO Take-Two Interactive Softwre | 1.20% | 1,504,918 | $277.0M | Add +7.5% |
| AVGO Broadcom Inc. | 1.18% | 1,174,780 | $272.4M | Add +2.9% |
| LLY Eli Lilly & Co. | 1.11% | 333,008 | $257.1M | Reduce -5.4% |
| TSLA Tesla Inc. | 1.09% | 622,057 | $251.2M | Reduce -4.9% |
| EA Electronic Arts Inc. | 1.06% | 1,678,447 | $245.6M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 1.05% | 1,008,419 | $241.7M | Add +12.9% |
| DDOG Datadog Inc. Class A | 0.98% | 1,578,648 | $225.6M | Reduce -3.5% |
| CRTO Criteo SA-Spon | 0.93% | 5,407,057 | $213.9M | Add +0.5% |
| JNJ Johnson & Johnson | 0.83% | 1,325,025 | $191.6M | Reduce -2.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.82% | 4,318,854 | $189.8M | Add +7.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.80% | 932,289 | $184.2M | Reduce -12.9% |
| CRM Salesforce Inc. | 0.78% | 536,037 | $179.2M | Reduce -22.8% |
| GOOG Alphabet Inc. Class C | 0.76% | 919,090 | $175.0M | Add +4.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 338,400 | $153.4M | Add +11.9% |
| UNH Unitedhealth Group Inc. | 0.59% | 270,758 | $137.0M | Add +9.5% |
| CB Chubb Ltd. | 0.59% | 495,001 | $136.8M | Reduce -11.8% |
| NOW ServiceNow Inc. | 0.59% | 127,553 | $135.2M | Reduce -14.8% |
| WMT Walmart Inc. | 0.58% | 1,482,017 | $133.9M | Add +19.0% |
| SPGI S&P Global Inc. | 0.56% | 259,003 | $129.0M | Add +1.5% |
| NFLX Netflix Inc. | 0.55% | 142,503 | $127.0M | Reduce -19.8% |
| CSCO Cisco Systems Inc. | 0.54% | 2,106,128 | $124.7M | Reduce -0.3% |
| ZS Zscaler Inc. | 0.52% | 667,383 | $120.4M | Add +66.8% |
| TMUS T-Mobile US Inc. | 0.50% | 527,303 | $116.4M | Reduce -26.2% |
| MS Morgan Stanley | 0.50% | 919,037 | $115.5M | Reduce -1.0% |
| XOM Exxon Mobil Corp. | 0.48% | 1,025,383 | $110.3M | Reduce -6.6% |
| EMR Emerson Electric Co. | 0.47% | 868,437 | $107.6M | Add +14.3% |
| TMO Thermo Fisher Scientific Inc. | 0.45% | 201,281 | $104.7M | Add +1.4% |
| ABBV Abbvie Inc. | 0.41% | 539,528 | $95.9M | Add +0.0% |
| PEP Pepsico Inc. | 0.41% | 628,430 | $95.6M | Add +5.9% |
| HD Home Depot Inc. | 0.41% | 244,457 | $95.1M | Add +3.0% |
| ADBE Adobe Inc. | 0.40% | 208,291 | $92.6M | Add +1.9% |
| NEE Nextera Energy Inc. | 0.40% | 1,289,368 | $92.4M | Add +12.9% |
| GS Goldman Sachs Group Inc. | 0.37% | 149,161 | $85.4M | Add +12.3% |
| COST Costco Wholesale Corp. | 0.36% | 89,582 | $82.1M | Add +11.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.35% | 200,942 | $80.9M | Add +10.6% |
| MDT Medtronic PLC | 0.34% | 969,285 | $77.4M | Reduce -14.8% |
| MRK Merck & Co. Inc. | 0.33% | 777,284 | $77.3M | Add +7.5% |
| PG The Procter & Gamble Co. | 0.33% | 459,646 | $77.1M | Add +6.8% |
| SWKS Skyworks Solutions Inc. | 0.33% | 854,234 | $75.8M | Add +31.1% |
| MELI MercadoLibre Inc. | 0.33% | 44,192 | $75.1M | Add +6.6% |
| DECK Deckers Outdoor Corp. | 0.30% | 337,730 | $68.6M | Reduce -5.2% |
| LRCX Lam Research Corp. | 0.29% | 943,558 | $68.2M | Reduce -41.6% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 405,729 | $67.7M | Add +40.2% |
| CVX Chevron Corp. | 0.29% | 462,830 | $67.0M | Add +1.7% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.29% | 355,523 | $66.8M | Reduce -6.6% |
| INTC Intel Corp. | 0.28% | 3,270,405 | $65.6M | Reduce -31.3% |
| BMRN Biomarin Pharmaceutical Inc. | 0.28% | 993,170 | $65.3M | Reduce -7.6% |
| ABT Abbott Laboratories | 0.28% | 573,570 | $64.9M | Add +3.5% |
| CCEP Coca-Cola Europacific Partne | 0.28% | 1,034,531 | $64.4M | Add +2270.6% |
| WDAY Workday Inc. Class A | 0.28% | 249,271 | $64.3M | Reduce -43.6% |
| BLK BlackRock Finance Inc. | 0.28% | 62,355 | $63.9M | Add +23.8% |
| ARW Arrow Electronics Inc. | 0.27% | 555,065 | $62.8M | No change |
| MTCH Match Group Inc. | 0.27% | 1,915,093 | $62.6M | Add +4659.2% |
| GLW Corning Inc. | 0.26% | 1,251,510 | $59.5M | Add +15.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 266,098 | $58.5M | Add +1.5% |
| YUM Yum! Brands Inc. | 0.24% | 411,578 | $55.2M | Add +4.9% |
| TXN Texas Instruments Inc. | 0.24% | 293,182 | $55.0M | Add +14.5% |
| AMD Advanced Micro Devices | 0.24% | 454,269 | $54.9M | Add +8.3% |
| ORCL Oracle Corp. | 0.23% | 323,499 | $53.9M | Reduce -43.0% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.23% | 635,598 | $53.7M | Add +72.2% |
| ISRG Intuitive Surgical Inc. | 0.23% | 100,531 | $52.5M | Add +8.0% |
| APH Amphenol Corp. Class A | 0.22% | 726,956 | $50.5M | Reduce -3.0% |
| PFE Pfizer Inc. | 0.22% | 1,893,396 | $50.2M | Add +22.9% |
| CL Colgate-Palmolive Co. | 0.21% | 546,503 | $49.7M | Reduce -11.2% |
| VIK Viking Holdings Ltd. | 0.21% | 1,114,560 | $49.1M | Reduce -31.7% |
| VZ Verizon Communications Inc. | 0.21% | 1,227,510 | $49.1M | Add +3.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.21% | 1,259,458 | $48.3M | Reduce -8.5% |
| UNP Union Pacific Corp. | 0.21% | 210,133 | $47.9M | Add +4.4% |
| DE Deere & Co. | 0.20% | 109,560 | $46.4M | Add +2.6% |
| HPQ HP Inc. | 0.20% | 1,395,641 | $45.5M | Add +0.4% |
| BX Blackstone Inc. | 0.20% | 263,927 | $45.5M | Add +4.5% |
| ICE Intercontinental Exchange Inc. | 0.20% | 303,672 | $45.3M | Add +2.2% |
| QCOM Qualcomm Inc. | 0.19% | 293,303 | $45.1M | Add +2.1% |
| HUM Humana Inc. | 0.19% | 175,473 | $44.5M | Reduce -12.4% |
| MCD McDonald's Corp. | 0.19% | 149,106 | $43.2M | Add +18.0% |
| CCK Crown Holdings Inc. | 0.19% | 521,531 | $43.1M | Add +4.4% |
| WFC Wells Fargo & Co. | 0.19% | 613,324 | $43.1M | Add +2.1% |
| AMGN Amgen Inc. | 0.19% | 164,774 | $42.9M | Add +1.9% |
| ADP Automatic Data Processing | 0.19% | 146,149 | $42.8M | Add +0.1% |
| DAR Darling Ingredients Inc. | 0.18% | 1,254,593 | $42.3M | Add +2.0% |
| C Citigroup Inc. | 0.18% | 596,063 | $42.0M | Add +2.0% |
| ADTN Adtran Holdings Inc. | 0.18% | 5,022,392 | $41.8M | Add +3.8% |
| BSX Boston Scientific Corp. | 0.18% | 460,272 | $41.1M | Add +76.2% |
| ACN Accenture PLC Class A | 0.18% | 115,242 | $40.5M | Add +4.9% |
| T AT&T Inc. | 0.17% | 1,767,387 | $40.2M | Add +38.8% |
| BMY Bristol-Myers Squibb Co. | 0.17% | 709,131 | $40.1M | Add +47.2% |
| DHR Danaher Corp. | 0.17% | 174,467 | $40.0M | Add +2.1% |
| SO The Southern Co. | 0.17% | 483,267 | $39.8M | Add +2.5% |
| LIN Linde PLC | 0.17% | 94,170 | $39.4M | Add +3.6% |
| ITW Illinois Tool Works | 0.17% | 154,426 | $39.2M | Add +0.9% |
Portfolio Sells Q3 2024 → Q4 2024
| WDC Western Digital Corp. | Reduce -27.1% | 2.00% | −1.28 |
| NVDA Nvidia Corp. | Reduce -13.0% | 5.20% | −0.44 |
| CHKP Check Point Software Tech | Reduce -14.2% | 1.23% | −0.31 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.31 |
| LRCX Lam Research Corp. | Reduce -41.6% | 0.29% | −0.30 |
| LLY Eli Lilly & Co. | Reduce -5.4% | 1.11% | −0.30 |
| V Visa Inc. Class A | Reduce -16.3% | 2.85% | −0.24 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -69.5% | 0.13% | −0.23 |
| INTC Intel Corp. | Reduce -31.3% | 0.28% | −0.22 |
| WDAY Workday Inc. Class A | Reduce -43.6% | 0.28% | −0.21 |
| ORCL Oracle Corp. | Reduce -43.0% | 0.23% | −0.20 |
| HPE Hewlett Packard Enterprise | Reduce -88.0% | 0.02% | −0.17 |
| JNJ Johnson & Johnson | Reduce -2.8% | 0.83% | −0.17 |
| EL Estee Lauder Companies Class A | Reduce -88.5% | 0.01% | −0.16 |
| TMUS T-Mobile US Inc. | Reduce -26.2% | 0.50% | −0.16 |
| CB Chubb Ltd. | Reduce -11.8% | 0.59% | −0.14 |
| MDT Medtronic PLC | Reduce -14.8% | 0.34% | −0.13 |
| ARCAD LIT | Sold out | 0.00% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -6.6% | 0.48% | −0.10 |
| RUN Sunrun Inc. | Reduce -10.3% | 0.08% | −0.10 |
| SBLK Star Bulk Carriers Corp. | Reduce -37.4% | 0.06% | −0.10 |
| HUM Humana Inc. | Reduce -12.4% | 0.19% | −0.09 |
| PTON Peloton Interactive Inc. Class A | Reduce -71.8% | 0.09% | −0.09 |
| CRM Salesforce Inc. | Reduce -22.8% | 0.78% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -26.9% | 0.11% | −0.08 |
| CL Colgate-Palmolive Co. | Reduce -11.2% | 0.21% | −0.07 |
| HCA HCA Healthcare Inc. | Reduce -46.4% | 0.04% | −0.07 |
| FANG Diamondback Energy Inc. | Reduce -20.2% | 0.16% | −0.06 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -7.6% | 0.28% | −0.06 |
| BLDR Builders Firstsource Inc. | Reduce -46.2% | 0.03% | −0.06 |
| F Ford Motor Co. | Reduce -60.7% | 0.03% | −0.05 |
| SLB SLB Ltd. | Reduce -8.5% | 0.21% | −0.05 |
| MU Micron Technology Inc. | Reduce -13.8% | 0.10% | −0.05 |
| COP Conocophillips | Reduce -22.4% | 0.12% | −0.05 |
| FERG Ferguson Enterprises Inc. | Reduce -35.2% | 0.06% | −0.05 |
| CFG Citizens Financial Group | Reduce -75.6% | 0.02% | −0.05 |
| COF Capital One Financial Corp. | Reduce -52.0% | 0.05% | −0.05 |
| VIK Viking Holdings Ltd. | Reduce -31.7% | 0.21% | −0.04 |
| KEY Keycorp | Reduce -78.0% | 0.01% | −0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -12.9% | 0.80% | −0.04 |
| MOH Molina Healthcare Inc. | Reduce -69.7% | 0.01% | −0.04 |
| BIIB Biogen Inc. | Reduce -42.3% | 0.03% | −0.04 |
| KLAC KLA Corp. | Reduce -3.7% | 0.12% | −0.04 |
| CDW CDW Corp. | Reduce -56.3% | 0.02% | −0.04 |
| MET Metlife Inc. | Reduce -42.5% | 0.04% | −0.04 |
| URI United Rentals Inc. | Reduce -28.0% | 0.05% | −0.04 |
| MRSH Marsh & McLennan Cos | Reduce -20.3% | 0.09% | −0.03 |
| CSIQ Canadian Solar Inc. | Reduce -13.8% | 0.04% | −0.03 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -59.4% | 0.01% | −0.03 |
| TROW T Rowe Price Group Inc. | Reduce -53.7% | 0.02% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | Add +41.4% | 8.49% | +2.10 |
| AMZN Amazon.com Inc. | Add +4.5% | 5.76% | +0.88 |
| GOOGL Alphabet Inc. Class A | Add +4.1% | 6.51% | +0.79 |
| AAPL Apple Inc. | Add +6.2% | 4.17% | +0.36 |
| AVGO Broadcom Inc. | Add +2.9% | 1.18% | +0.29 |
| MTCH Match Group Inc. | Add +4659.2% | 0.27% | +0.26 |
| CCEP Coca-Cola Europacific Partne | Add +2270.6% | 0.28% | +0.26 |
| TTWO Take-Two Interactive Softwre | Add +7.5% | 1.20% | +0.23 |
| ZS Zscaler Inc. | Add +66.8% | 0.52% | +0.21 |
| JPM JPMorgan Chase & Co. | Add +12.9% | 1.05% | +0.20 |
| MTN Vail Resorts Inc. | New | 0.14% | +0.14 |
| WMT Walmart Inc. | Add +19.0% | 0.58% | +0.13 |
| BAC Bank of America Corp. | Add +7.1% | 0.82% | +0.10 |
| GOOG Alphabet Inc. Class C | Add +4.2% | 0.76% | +0.09 |
| EMR Emerson Electric Co. | Add +14.3% | 0.47% | +0.09 |
| BSX Boston Scientific Corp. | Add +76.2% | 0.18% | +0.08 |
| GS Goldman Sachs Group Inc. | Add +12.3% | 0.37% | +0.07 |
| DASH DoorDash Inc. Class A | Add +182.2% | 0.10% | +0.07 |
| PYPL PayPal Holdings Inc. | Add +101.8% | 0.13% | +0.07 |
| EQIX Equinix Inc. | Add +89.5% | 0.14% | +0.07 |
| EQH Equitable Holdings Inc. | Add +537.7% | 0.08% | +0.06 |
| Spotify Technology S.A. | New | 0.06% | +0.06 |
| BMY Bristol-Myers Squibb Co. | Add +47.2% | 0.17% | +0.06 |
| BLK BlackRock Finance Inc. | Add +23.8% | 0.28% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | Add +5.8% | 0.12% | +0.06 |
| IFF Intl Flavors & Fragrances | Add +72.2% | 0.23% | +0.06 |
| APO Apollo Global Management Inc. | Add +28.1% | 0.15% | +0.06 |
| WBD Warner Bros Discovery Inc. | Add +295.4% | 0.07% | +0.06 |
| GEV GE Vernova Inc. | Add +32.4% | 0.13% | +0.05 |
| ADTN Adtran Holdings Inc. | Add +3.8% | 0.18% | +0.05 |
| T AT&T Inc. | Add +38.8% | 0.17% | +0.05 |
| GE General Electric | Add +40.2% | 0.29% | +0.05 |
| BBWI Bath & Body Works Inc. | Add +18.6% | 0.16% | +0.04 |
| CNC Centene Corp. | Add +210.7% | 0.07% | +0.04 |
| CG The Carlyle Group Inc. | Add +104.5% | 0.07% | +0.04 |
| SWKS Skyworks Solutions Inc. | Add +31.1% | 0.33% | +0.04 |
| GLW Corning Inc. | Add +15.6% | 0.26% | +0.04 |
| ALL Allstate Corp. | Add +86.5% | 0.08% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +11.9% | 0.66% | +0.04 |
| ON On Semiconductor | Add +57.5% | 0.15% | +0.03 |
| PGR Progressive Corp. | Add +42.8% | 0.15% | +0.03 |
| COST Costco Wholesale Corp. | Add +11.3% | 0.36% | +0.03 |
| WFC Wells Fargo & Co. | Add +2.1% | 0.19% | +0.03 |
| GRAB Grab Holdings Ltd. Class A | Add +331.3% | 0.04% | +0.03 |
| META Meta Platforms Inc. Class A | Add +2.8% | 3.94% | +0.03 |
| APP AppLovin Corp. Class A | Add +4.9% | 0.05% | +0.03 |
| YUMC Yum China Holdings Inc. | Add +66.0% | 0.07% | +0.03 |
| FIS Fidelity National Info Serv | Add +92.9% | 0.06% | +0.03 |
| THC Tenet Healthcare Corp. | New | 0.03% | +0.03 |
| MRVL Marvell Technology Inc. | Add +5.1% | 0.08% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,276 | $35.7B | MSFT, NVDA, GOOGL, AMZN, AVGO |
| Q1 2026 | 1,235 | $28.0B | MSFT, NVDA, AMZN, GOOGL, AAPL |
| Q4 2025 | 731 | $28.7B | MSFT, NVDA, GOOGL, AMZN, AAPL |
| Q3 2025 | 731 | $26.7B | MSFT, NVDA, GOOGL, AAPL, AMZN |
| Q2 2025 | 716 | $24.1B | MSFT, NVDA, GOOGL, AMZN, META |
| Q1 2025 | 738 | $21.7B | MSFT, NVDA, AMZN, GOOGL, AAPL |
| Q4 2024 | 732 | $23.1B | MSFT, GOOGL, AMZN, NVDA, AAPL |
| Q3 2024 | 715 | $22.1B | MSFT, GOOGL, NVDA, AMZN, META |
| Q2 2024 | 708 | $21.0B | MSFT, GOOGL, NVDA, AMZN, AAPL |
| Q1 2024 | 705 | $19.2B | MSFT, META, GOOGL, NVDA, AAPL |