Q2 2026 13F · SEC CIK 1456670

DNB Asset Management AS

Asset managerFiled 2026-08-11 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $35.7B
Reported positions: 1,276
Top holdings a year, 3 yrs: +36.0%
Average holding period: 8.8 yrs

DNB Asset Management AS is an asset manager that reported 1,276 positions worth $35.7B in its Q2 2026 13F, filed 2026-08-11. Its largest holdings were Microsoft Corp (MSFT, 7.0%), Nvidia Corporation (NVDA, 6.4%), Alphabet Inc (GOOGL, 5.8%). A portfolio copying its top holdings returned 36.0% a year over the last 3 years, against 20.4% for the S&P 500.

DNB Asset Management AS holdings largest 50 of 1,276 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

DNB Asset Management AS 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
MSFTMicrosoft Corp	7.0%	7.3%	6,674,835	+20.5%	$2.5B
NVDANvidia Corporation	6.4%	6.4%	11,424,021	+11.6%	$2.3B
GOOGLAlphabet Inc	5.8%	5.0%	5,843,646	+20.3%	$2.1B
AMZNAmazon Com Inc	5.2%	5.5%	7,785,587	+4.5%	$1.9B
AVGOBroadcom Inc	4.4%	2.7%	4,133,220	+68.3%	$1.6B
AAPLApple Inc	3.9%	4.3%	4,808,315	+0.0%	$1.4B
VVisa Inc	3.5%	2.2%	3,607,126	+80.7%	$1.2B
METAMeta Platforms Inc	3.3%	3.4%	2,093,653	+27.3%	$1.2B
MAMastercard Incorporated	2.8%	2.0%	1,923,485	+75.5%	$987.9M
TEAMAtlassian Corporation	2.1%	2.0%	9,830,768	+21.7%	$764.7M
TMUST-Mobile US Inc	1.2%	1.0%	2,573,106	+84.3%	$431.6M
GOOGAlphabet Inc	1.2%	1.1%	1,193,420	+11.4%	$421.7M
HPQHp Inc	1.2%	1.4%	18,841,944	-4.9%	$413.4M
LLYEli Lilly & Co	1.1%	1.1%	322,831	-5.3%	$387.2M
TSLATesla Inc	1.0%	1.1%	885,706	+5.3%	$372.5M
MUMicron Technology Inc	1.0%	0.4%	304,537	-13.7%	$351.5M
TSMTaiwan Semiconductor Manufac	0.9%	—	683,962	—	$326.4M
BKNGBooking Holdings Inc	0.8%	0.5%	1,647,851	+4444.3%	$293.7M
BACBank of Amer Corp	0.8%	0.8%	4,828,827	-1.0%	$275.1M
CHKPCheck Point Software Tech Lt	0.7%	0.9%	2,007,100	+12.7%	$263.8M
JPMJpmorgan Chase & Co	0.7%	0.8%	770,267	+0.3%	$252.1M
INTUIntuit	0.7%	—	958,207	—	$250.1M
AMDAdvanced Micro Devices Inc	0.7%	0.5%	425,397	-33.8%	$247.1M
CCitigroup Inc	0.7%	0.7%	1,692,123	-6.4%	$236.8M
GSGoldman Sachs Group Inc	0.6%	0.7%	228,929	-3.3%	$231.5M
PTONPeloton Interactive Inc	0.6%	—	38,115,285	—	$225.3M
SWKSSkyworks Solutions Inc	0.6%	—	3,188,840	—	$216.2M
ORCLOracle Corp	0.6%	1.5%	1,410,210	-50.0%	$206.7M
INTCIntel Corp	0.6%	—	1,432,695	—	$200.0M
GEGe Aerospace	0.6%	0.6%	527,658	-10.7%	$197.2M
JNJJohnson & Johnson	0.5%	0.6%	761,144	+4.9%	$193.3M
CBChubb Limited	0.5%	0.6%	557,002	+3.9%	$189.8M
UNHUnitedhealth Group Inc	0.5%	0.5%	453,105	-15.6%	$188.3M
NOWServicenow Inc	0.5%	0.7%	1,876,370	-2.7%	$186.3M
BRK-BBerkshire Hathaway Inc Del	0.5%	0.6%	369,554	+10.2%	$184.9M
MTCHMatch Group Inc.	0.5%	0.4%	4,657,495	+35.4%	$177.2M
XOMExxon Mobil Corp	0.5%	0.7%	1,293,308	+9.4%	$176.8M
CSCOCisco Sys Inc	0.5%	0.5%	1,464,002	-12.0%	$172.0M
ABBVAbbvie Inc	0.4%	0.5%	610,909	-2.5%	$153.7M
ACNAccenture PLC Ireland	0.4%	—	1,191,239	—	$148.2M
HDHome Depot Inc	0.4%	0.5%	419,462	+2.4%	$147.9M
AMATApplied Matls Inc	0.4%	—	199,163	—	$144.0M
SPGIS&p Global Inc	0.4%	0.5%	337,704	-3.8%	$137.5M
ADIAnalog Devices Inc	0.4%	—	336,177	—	$133.5M
NEENextera Energy Inc	0.4%	0.5%	1,496,512	-0.0%	$131.3M
GEVGe Vernova Inc	0.4%	0.4%	111,794	-8.2%	$131.3M
MRKMerck & Co Inc	0.4%	0.4%	1,009,058	+12.5%	$129.7M
LRCXLam Research Corp	0.4%	—	288,952	—	$125.2M
ISRGIntuitive Surgical Inc	0.3%	0.4%	308,492	+22.3%	$122.7M
EMREmerson Elec Co	0.3%	0.4%	841,573	-9.1%	$120.5M

What DNB Asset Management AS bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +35.4% /yr; S&P 500 +20.1%
3 years: +36.0% /yr; S&P 500 +20.4%
5 years: +22.6% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$35.7B	1,276
Q1 2026	$28.0B	1,235
Q4 2025	$28.7B	731
Q3 2025	$26.7B	731
Q2 2025	$24.1B	716
Q1 2025	$21.7B	738
Q4 2024	$23.1B	732
Q3 2024	$22.1B	715
Q2 2024	$21.0B	708
Q1 2024	$19.2B	705
Q4 2023	$19.3B	645
Q3 2023	$16.7B	656

Questions about DNB Asset Management AS's portfolio

What stocks does DNB Asset Management AS own?

DNB Asset Management AS's latest 13F, for Q2 2026 and filed Aug 11, 2026, lists 1,276 positions worth $35.7B. The largest are Microsoft Corp (MSFT) at 7.0%, Nvidia Corporation (NVDA) at 6.4%, Alphabet Inc (GOOGL) at 5.8%, Amazon Com Inc (AMZN) at 5.2% and Broadcom Inc (AVGO) at 4.4%.

What did DNB Asset Management AS buy last quarter?

In Q2 2026, DNB Asset Management AS added Booking Holdings Inc (BKNG) (+4444.3% shares), T-Mobile US Inc (TMUS) (+84.3% shares) and Visa Inc (V) (+80.7% shares), compared with its Q1 2026 filing.

What did DNB Asset Management AS sell last quarter?

In Q2 2026, DNB Asset Management AS cut from its top 50 Marvell Technology Inc (MRVL), cut from its top 50 Qualcomm Inc (QCOM), cut from its top 50 Walmart Inc (WMT), cut from its top 50 Pepsico Inc (PEP), cut from its top 50 Netflix Inc. (NFLX), Oracle Corp (ORCL) (-50.0% shares), Advanced Micro Devices Inc (AMD) (-33.8% shares) and Unitedhealth Group Inc (UNH) (-15.6% shares), compared with its Q1 2026 filing.

How has DNB Asset Management AS's portfolio performed?

A portfolio copying DNB Asset Management AS's 20 largest 13F holdings each quarter, from the day each filing was public, returned +36.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +35.4% against +20.1%. Over 5 years: +22.6% a year against +11.6%.

When is DNB Asset Management AS's next 13F filing due?

13F filings are due 45 days after each quarter ends. DNB Asset Management AS's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.