Incentive AS
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Incentive AS reported 1 stock position worth $71.3 million. Its top holding was Smurfit Westrock (SW) at 100.0% of the portfolio. Compared with Q3 2025, it reduced 1. The biggest sale was Smurfit Westrock (SW, shares −9%).
- Most Recent 13F
- Q4 2025
- Location
- OSLO, Q8
- CIK
- 0001665221
- Portfolio Value
- $71.3M (Q4 2025)
- SEC Filing
- 0000945621-26-000285 ↗ filed Feb 12, 2026
Holdings Value
Holdings 1 stocks · $71.3M
| SW Smurfit Westrock PLC | 100.00% | 1,843,624 | $71.3M | Reduce -8.8% |
Portfolio Sells Q3 2025 → Q4 2025
| SW Smurfit Westrock PLC | Reduce -8.8% | 100.00% | 0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| None this quarter. | |||