DNB Asset Management AS
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), DNB Asset Management AS reported 1,235 stock positions worth $28.0 billion. Its top holding was Microsoft (MSFT) at 7.3% of the portfolio, followed by Nvidia (NVDA, 6.4%) and Amazon.com (AMZN, 5.5%). Compared with Q4 2025, it opened 525 new positions, sold out of 22, added to 512 and reduced 181. The biggest buy was Broadcom (AVGO, shares +48%) and the biggest sale Salesforce (CRM, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- Oslo, Q8
- CIK
- 0001456670
- Portfolio Value
- $28.0B (Q1 2026)
- SEC Filing
- 0000912282-26-000720 ↗ filed May 14, 2026
Holdings Value
Holdings 1,235 stocks · $28.0B
| MSFT Microsoft Corp. | 7.31% | 5,541,288 | $2.1B | Add +8.7% |
| NVDA Nvidia Corp. | 6.36% | 10,232,504 | $1.8B | Add +1.1% |
| AMZN Amazon.com Inc. | 5.53% | 7,450,247 | $1.6B | Add +12.9% |
| GOOGL Alphabet Inc. Class A | 4.98% | 4,857,942 | $1.4B | Reduce -1.7% |
| AAPL Apple Inc. | 4.35% | 4,806,571 | $1.2B | Reduce -6.4% |
| META Meta Platforms Inc. Class A | 3.35% | 1,644,478 | $940.9M | Reduce -13.1% |
| AVGO Broadcom Inc. | 2.71% | 2,455,734 | $760.1M | Add +48.1% |
| V Visa Inc. Class A | 2.15% | 1,995,999 | $603.3M | Add +4.5% |
| TEAM Atlassian Corp. Class A | 1.97% | 8,077,726 | $551.3M | Add +102.4% |
| MA Mastercard Inc. Class A | 1.95% | 1,096,009 | $547.6M | Reduce -13.1% |
| ORCL Oracle Corp. | 1.48% | 2,818,172 | $414.6M | Add +111.9% |
| HPQ HP Inc. | 1.36% | 19,803,404 | $380.4M | Add +86.9% |
| LLY Eli Lilly & Co. | 1.12% | 340,886 | $313.5M | Add +6.0% |
| TSLA Tesla Inc. | 1.11% | 841,266 | $312.7M | Add +1.5% |
| GOOG Alphabet Inc. Class C | 1.10% | 1,071,692 | $307.4M | Add +8.4% |
| TMUS T-Mobile US Inc. | 1.05% | 1,396,143 | $293.2M | Add +31.1% |
| CHKP Check Point Software Tech | 0.91% | 1,780,850 | $254.4M | Reduce -2.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.85% | 4,876,644 | $237.7M | Add +0.9% |
| JPM JPMorgan Chase & Co. | 0.81% | 767,773 | $225.8M | Add +4.1% |
| C Citigroup Inc. | 0.73% | 1,808,403 | $205.1M | Add +0.9% |
| NOW ServiceNow Inc. | 0.72% | 1,929,358 | $201.7M | Add +188.7% |
| XOM Exxon Mobil Corp. | 0.72% | 1,182,418 | $200.6M | Add +10.0% |
| GS Goldman Sachs Group Inc. | 0.71% | 236,641 | $200.2M | Reduce -6.6% |
| MRVL Marvell Technology Inc. | 0.71% | 2,008,554 | $198.9M | Add +102.2% |
| JNJ Johnson & Johnson | 0.63% | 725,901 | $177.4M | Add +11.0% |
| CB Chubb Ltd. | 0.62% | 535,992 | $174.7M | Add +3.1% |
| GE General Electric filed as GE AEROSPACE | 0.60% | 591,094 | $167.7M | Add +64.7% |
| QCOM Qualcomm Inc. | 0.58% | 1,270,194 | $163.6M | Add +25.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.57% | 335,234 | $160.6M | Add +9.6% |
| BKNG Booking Holdings Inc. | 0.54% | 36,262 | $152.7M | Reduce -16.2% |
| SPGI S&P Global Inc. | 0.53% | 351,196 | $149.4M | Add +12.0% |
| WMT Walmart Inc. | 0.53% | 1,195,407 | $148.6M | Reduce -29.0% |
| UNH Unitedhealth Group Inc. | 0.52% | 536,703 | $145.2M | Add +22.6% |
| NEE Nextera Energy Inc. | 0.50% | 1,496,597 | $139.0M | Add +4.0% |
| PEP Pepsico Inc. | 0.49% | 878,114 | $136.4M | Add +11.7% |
| ABBV Abbvie Inc. | 0.49% | 626,875 | $136.3M | Add +9.0% |
| HD Home Depot Inc. | 0.48% | 409,740 | $134.8M | Add +99.5% |
| NFLX Netflix Inc. | 0.48% | 1,390,683 | $133.7M | Add +3.3% |
| AMD Advanced Micro Devices | 0.47% | 642,896 | $130.8M | Reduce -25.8% |
| CSCO Cisco Systems Inc. | 0.46% | 1,663,322 | $129.1M | Add +8.4% |
| WM Waste Management Inc. | 0.45% | 543,153 | $124.8M | Add +2.8% |
| EMR Emerson Electric Co. | 0.43% | 925,822 | $121.3M | Add +5.9% |
| MU Micron Technology Inc. | 0.42% | 352,682 | $119.2M | Add +27.4% |
| CVX Chevron Corp. | 0.42% | 565,998 | $117.1M | Add +10.4% |
| ISRG Intuitive Surgical Inc. | 0.41% | 252,167 | $116.2M | Add +3.0% |
| CCEP Coca-Cola Europacific Partne | 0.39% | 1,428,396 | $108.6M | Add +29.4% |
| MRK Merck & Co. Inc. | 0.38% | 897,124 | $107.9M | Reduce -5.6% |
| COST Costco Wholesale Corp. | 0.38% | 107,670 | $107.3M | Add +22.3% |
| GEV GE Vernova Inc. | 0.38% | 121,787 | $106.3M | Add +17.1% |
| MTCH Match Group Inc. | 0.38% | 3,440,583 | $105.7M | Add +0.3% |
| INTC Intel Corp. | 0.36% | 2,278,090 | $100.5M | Add +19.3% |
| PTON Peloton Interactive Inc. Class A | 0.35% | 22,685,343 | $97.3M | Add +110.5% |
| PG The Procter & Gamble Co. | 0.35% | 673,288 | $97.2M | Add +14.5% |
| AMAT Applied Materials Inc. | 0.30% | 249,765 | $85.4M | Reduce -11.1% |
| CRTO Criteo SA-Spon | 0.30% | 4,630,958 | $83.1M | Add +8.8% |
| ECL Ecolab Inc. | 0.29% | 302,759 | $80.5M | Add +1.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.28% | 235,384 | $79.6M | Reduce -65.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 318,264 | $77.1M | Add +9.6% |
| CL Colgate-Palmolive Co. | 0.27% | 893,822 | $76.2M | Reduce -2.7% |
| PBR Petroleo Brasileiro-Spon ADR | 0.27% | 3,586,433 | $74.4M | Add +95.2% |
| DXCM Dexcom Inc. | 0.26% | 1,174,086 | $73.7M | Reduce -7.5% |
| VZ Verizon Communications Inc. | 0.26% | 1,463,350 | $73.5M | Add +2.1% |
| ARW Arrow Electronics Inc. | 0.26% | 505,272 | $72.5M | Reduce -28.5% |
| SWKS Skyworks Solutions Inc. | 0.26% | 1,344,150 | $72.0M | Add +17.7% |
| BKR Baker Hughes Co. | 0.25% | 1,158,199 | $70.7M | Add +472.4% |
| T AT&T Inc. | 0.25% | 2,437,657 | $70.7M | Add +4.5% |
| PLTR Palantir Technologies Inc. Class A | 0.25% | 482,967 | $70.6M | Add +39006.6% |
| ANET Arista Networks Inc. | 0.25% | 573,822 | $70.5M | Add +3.8% |
| BMRN Biomarin Pharmaceutical Inc. | 0.25% | 1,221,387 | $69.0M | Reduce -10.2% |
| DE Deere & Co. | 0.24% | 121,330 | $68.3M | Add +1.7% |
| MELI MercadoLibre Inc. | 0.24% | 39,368 | $68.1M | Reduce -4.4% |
| ACN Accenture PLC Class A | 0.24% | 339,707 | $67.4M | Add +157.8% |
| CRM Salesforce Inc. | 0.24% | 360,112 | $67.2M | Reduce -82.7% |
| EQT Eqt Corp. | 0.23% | 1,000,445 | $63.7M | Add +688.6% |
| BIDU Baidu Inc. - Spon ADR | 0.21% | 540,777 | $60.3M | Add +19.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.21% | 377,071 | $60.2M | Add +11.7% |
| ABT Abbott Laboratories | 0.21% | 583,950 | $60.0M | Add +21.7% |
| VRT Vertiv Holdings Co. Class A | 0.21% | 238,592 | $59.8M | Add +96.8% |
| APP AppLovin Corp. Class A | 0.21% | 149,666 | $59.6M | Add +196.5% |
| PH Parker Hannifin Corp. | 0.21% | 64,956 | $58.2M | Add +32.9% |
| OTIS Otis Worldwide Corp. | 0.21% | 752,719 | $58.0M | Add +431.7% |
| TXN Texas Instruments Inc. | 0.21% | 296,814 | $57.6M | Add +8.4% |
| MOS The Mosaic Co. | 0.20% | 2,253,961 | $57.5M | New |
| LIN Linde PLC | 0.20% | 114,656 | $56.8M | Add +10.2% |
| LRCX Lam Research Corp. | 0.20% | 265,397 | $56.7M | Reduce -74.3% |
| TMO Thermo Fisher Scientific Inc. | 0.20% | 113,865 | $56.0M | Reduce -0.6% |
| PFE Pfizer Inc. | 0.20% | 1,965,182 | $55.2M | Add +12.1% |
| APH Amphenol Corp. Class A | 0.19% | 431,161 | $54.5M | Add +20.6% |
| WFC Wells Fargo & Co. | 0.19% | 680,969 | $54.2M | Add +7.2% |
| COP Conocophillips | 0.19% | 409,891 | $54.1M | Add +4.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.19% | 550,430 | $53.1M | Add +2.7% |
| SO The Southern Co. | 0.19% | 547,110 | $52.8M | Add +12.5% |
| MS Morgan Stanley | 0.18% | 313,035 | $51.5M | Add +8.2% |
| MCD McDonald's Corp. | 0.18% | 161,435 | $50.2M | Add +10.0% |
| DECK Deckers Outdoor Corp. | 0.17% | 478,819 | $47.9M | Reduce -12.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.17% | 107,311 | $47.9M | Reduce -10.3% |
| BMY Bristol-Myers Squibb Co. | 0.17% | 784,341 | $47.6M | Add +7.0% |
| ETN Eaton Corp. PLC | 0.16% | 127,419 | $45.6M | Add +13.1% |
| UNP Union Pacific Corp. | 0.16% | 187,004 | $45.4M | Add +13.1% |
| STT State Street Corp. | 0.16% | 354,547 | $44.9M | Reduce -5.9% |
Portfolio Sells Q4 2025 → Q1 2026
| CRM Salesforce Inc. | Reduce -82.7% | 0.24% | −1.68 |
| META Meta Platforms Inc. Class A | Reduce -13.1% | 3.35% | −1.01 |
| MA Mastercard Inc. Class A | Reduce -13.1% | 1.95% | −0.56 |
| AAPL Apple Inc. | Reduce -6.4% | 4.35% | −0.52 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -65.9% | 0.28% | −0.45 |
| GOOGL Alphabet Inc. Class A | Reduce -1.7% | 4.98% | −0.42 |
| LRCX Lam Research Corp. | Reduce -74.3% | 0.20% | −0.42 |
| CHKP Check Point Software Tech | Reduce -2.2% | 0.91% | −0.27 |
| BKNG Booking Holdings Inc. | Reduce -16.2% | 0.54% | −0.26 |
| CCK Crown Holdings Inc. | Reduce -98.9% | 0.00% | −0.18 |
| AMD Advanced Micro Devices | Reduce -25.8% | 0.47% | −0.18 |
| WMT Walmart Inc. | Reduce -29.0% | 0.53% | −0.13 |
| EMBJ Embraer SA-Spon ADR | Sold out | 0.00% | −0.11 |
| CRUS Cirrus Logic Inc. | Reduce -58.7% | 0.11% | −0.11 |
| OKTA Okta Inc. | Reduce -89.9% | 0.01% | −0.10 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -39.4% | 0.09% | −0.08 |
| COF Capital One Financial Corp. | Reduce -27.4% | 0.09% | −0.07 |
| EQH Equitable Holdings Inc. | Reduce -88.1% | 0.01% | −0.07 |
| NIQ Niq Global Intelligence PLC | Reduce -1.1% | 0.15% | −0.06 |
| GS Goldman Sachs Group Inc. | Reduce -6.6% | 0.71% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -26.0% | 0.12% | −0.06 |
| MBLY Mobileye Global Inc. Class A | Reduce -21.8% | 0.07% | −0.06 |
| SNPS Synopsys Inc. | Reduce -41.2% | 0.06% | −0.06 |
| DDOG Datadog Inc. Class A | Reduce -30.8% | 0.09% | −0.06 |
| BORR Borr Drilling Ltd. | Reduce -63.5% | 0.07% | −0.06 |
| SNOW Snowflake Inc. | Reduce -41.8% | 0.04% | −0.06 |
| MELI MercadoLibre Inc. | Reduce -4.4% | 0.24% | −0.05 |
| KKR KKR & Co. Inc. | Reduce -15.0% | 0.08% | −0.04 |
| MDT Medtronic PLC | Reduce -28.7% | 0.08% | −0.04 |
| BX Blackstone Inc. | Reduce -8.3% | 0.10% | −0.04 |
| APO Apollo Global Management Inc. | Reduce -0.6% | 0.15% | −0.04 |
| TBBB BBB Foods Inc. Class A | Sold out | 0.00% | −0.04 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -10.2% | 0.25% | −0.04 |
| FLUT Flutter Entertainment PLC-Di | Reduce -44.2% | 0.01% | −0.03 |
| LAUR Laureate Education Inc. | Reduce -95.8% | 0.00% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.6% | 0.20% | −0.03 |
| PATH Uipath Inc. Class A | Reduce -96.1% | 0.00% | −0.03 |
| SJM The JM Smucker Co. | Reduce -94.0% | 0.00% | −0.03 |
| DXCM Dexcom Inc. | Reduce -7.5% | 0.26% | −0.03 |
| CI The Cigna Group | Reduce -35.6% | 0.05% | −0.03 |
| CARR Carrier Global Corp. | Reduce -43.0% | 0.05% | −0.03 |
| BLDR Builders Firstsource Inc. | Reduce -72.5% | 0.01% | −0.03 |
| TTD Trade Desk Inc./the Class A | Reduce -69.0% | 0.01% | −0.03 |
| GRAB Grab Holdings Ltd. Class A | Reduce -36.8% | 0.02% | −0.03 |
| GMED Globus Medical Inc. Class A | Reduce -53.8% | 0.02% | −0.03 |
| DECK Deckers Outdoor Corp. | Reduce -12.1% | 0.17% | −0.03 |
| PRU Prudential Financial Inc. | Reduce -40.3% | 0.03% | −0.02 |
| MSTR Strategy Inc. | Reduce -38.6% | 0.03% | −0.02 |
| SOFI Sofi Technologies Inc. | Reduce -30.9% | 0.02% | −0.02 |
| PAYX Paychex Inc. | Reduce -32.1% | 0.03% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| AVGO Broadcom Inc. | Add +48.1% | 2.71% | +0.71 |
| ORCL Oracle Corp. | Add +111.9% | 1.48% | +0.57 |
| HPQ HP Inc. | Add +86.9% | 1.36% | +0.53 |
| MRVL Marvell Technology Inc. | Add +102.2% | 0.71% | +0.41 |
| NOW ServiceNow Inc. | Add +188.7% | 0.72% | +0.36 |
| TMUS T-Mobile US Inc. | Add +31.1% | 1.05% | +0.29 |
| XOM Exxon Mobil Corp. | Add +10.0% | 0.72% | +0.26 |
| PLTR Palantir Technologies Inc. Class A | Add +39006.6% | 0.25% | +0.25 |
| HD Home Depot Inc. | Add +99.5% | 0.48% | +0.23 |
| BKR Baker Hughes Co. | Add +472.4% | 0.25% | +0.22 |
| AMZN Amazon.com Inc. | Add +12.9% | 5.53% | +0.22 |
| GE General Electric | Add +64.7% | 0.60% | +0.21 |
| MOS The Mosaic Co. | New | 0.20% | +0.20 |
| EQT Eqt Corp. | Add +688.6% | 0.23% | +0.20 |
| PBR Petroleo Brasileiro-Spon ADR | Add +95.2% | 0.27% | +0.19 |
| OTIS Otis Worldwide Corp. | Add +431.7% | 0.21% | +0.16 |
| JNJ Johnson & Johnson | Add +11.0% | 0.63% | +0.16 |
| MU Micron Technology Inc. | Add +27.4% | 0.42% | +0.15 |
| BURL Burlington Stores Inc. | Add +1017.6% | 0.16% | +0.15 |
| CVX Chevron Corp. | Add +10.4% | 0.42% | +0.14 |
| VRT Vertiv Holdings Co. Class A | Add +96.8% | 0.21% | +0.14 |
| GEV GE Vernova Inc. | Add +17.1% | 0.38% | +0.14 |
| CCEP Coca-Cola Europacific Partne | Add +29.4% | 0.39% | +0.12 |
| COST Costco Wholesale Corp. | Add +22.3% | 0.38% | +0.12 |
| ACN Accenture PLC Class A | Add +157.8% | 0.24% | +0.12 |
| PTON Peloton Interactive Inc. Class A | Add +110.5% | 0.35% | +0.12 |
| INTC Intel Corp. | Add +19.3% | 0.36% | +0.11 |
| APP AppLovin Corp. Class A | Add +196.5% | 0.21% | +0.09 |
| NEE Nextera Energy Inc. | Add +4.0% | 0.50% | +0.09 |
| PEP Pepsico Inc. | Add +11.7% | 0.49% | +0.09 |
| KR Kroger Co. | Add +196.8% | 0.09% | +0.07 |
| COP Conocophillips | Add +4.5% | 0.19% | +0.06 |
| LITE Lumentum Holdings Inc. | Add +399.3% | 0.07% | +0.06 |
| ETR Entergy Corp. | Add +27.5% | 0.16% | +0.06 |
| HWM Howmet Aerospace Inc. | Add +50.9% | 0.14% | +0.06 |
| VZ Verizon Communications Inc. | Add +2.1% | 0.26% | +0.06 |
| ITW Illinois Tool Works | Add +51.0% | 0.15% | +0.06 |
| PH Parker Hannifin Corp. | Add +32.9% | 0.21% | +0.06 |
| CB Chubb Ltd. | Add +3.1% | 0.62% | +0.06 |
| FDX FedEx Corp. | Add +36.8% | 0.13% | +0.05 |
| WELL Welltower Inc. | Add +47.9% | 0.14% | +0.05 |
| PG The Procter & Gamble Co. | Add +14.5% | 0.35% | +0.05 |
| MMM 3M Co. | Add +61.1% | 0.16% | +0.05 |
| CW Curtiss-Wright Corp. | Add +75.7% | 0.09% | +0.05 |
| CMI Cummins Inc. | Add +60.1% | 0.12% | +0.05 |
| DE Deere & Co. | Add +1.7% | 0.24% | +0.05 |
| ECHO Echostar Corp. Class A | Add +408.4% | 0.06% | +0.05 |
| T AT&T Inc. | Add +4.5% | 0.25% | +0.05 |
| GLW Corning Inc. | Add +8.0% | 0.12% | +0.05 |
| LIN Linde PLC | Add +10.2% | 0.20% | +0.05 |
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 |