# DNB Asset Management AS

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1456670. Source: https://holderbook.com/funds/1456670-dnb-asset-management-as/

- Reported value: $35.7B
- Positions: 1,276
- Weight of the ten largest: 44.4%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.5B | 6,674,835 | 7.0% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.3B | 11,424,021 | 6.4% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.1B | 5,843,646 | 5.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.9B | 7,785,587 | 5.2% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.6B | 4,133,220 | 4.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.4B | 4,808,315 | 3.9% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.2B | 3,607,126 | 3.5% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.2B | 2,093,653 | 3.3% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $987.9M | 1,923,485 | 2.8% | 31 |
| ATLASSIAN CORPORATION | [TEAM](https://holderbook.com/stocks/TEAM/) | $764.7M | 9,830,768 | 2.1% | 14 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $431.6M | 2,573,106 | 1.2% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $421.7M | 1,193,420 | 1.2% | 31 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $413.4M | 18,841,944 | 1.2% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $387.2M | 322,831 | 1.1% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $372.5M | 885,706 | 1.0% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $351.5M | 304,537 | 1.0% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $326.4M | 683,962 | 0.9% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $293.7M | 1,647,851 | 0.8% | 10 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $275.1M | 4,828,827 | 0.8% | 31 |
| CHECK POINT SOFTWARE TECH LT | [CHKP](https://holderbook.com/stocks/CHKP/) | $263.8M | 2,007,100 | 0.7% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $252.1M | 770,267 | 0.7% | 31 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $250.1M | 958,207 | 0.7% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $247.1M | 425,397 | 0.7% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $236.8M | 1,692,123 | 0.7% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $231.5M | 228,929 | 0.6% | 31 |
| PELOTON INTERACTIVE INC | [PTON](https://holderbook.com/stocks/PTON/) | $225.3M | 38,115,285 | 0.6% | 24 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $216.2M | 3,188,840 | 0.6% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $206.7M | 1,410,210 | 0.6% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $200.0M | 1,432,695 | 0.6% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $197.2M | 527,658 | 0.6% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $193.3M | 761,144 | 0.5% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $189.8M | 557,002 | 0.5% | 8 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $188.3M | 453,105 | 0.5% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $186.3M | 1,876,370 | 0.5% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $184.9M | 369,554 | 0.5% | 31 |
| MATCH GROUP INC NEW | [MTCH](https://holderbook.com/stocks/MTCH/) | $177.2M | 4,657,495 | 0.5% | 24 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $176.8M | 1,293,308 | 0.5% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $172.0M | 1,464,002 | 0.5% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $153.7M | 610,909 | 0.4% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $148.2M | 1,191,239 | 0.4% | 8 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $147.9M | 419,462 | 0.4% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $144.0M | 199,163 | 0.4% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $137.5M | 337,704 | 0.4% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $133.5M | 336,177 | 0.4% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $131.3M | 1,496,512 | 0.4% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $131.3M | 111,794 | 0.4% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $129.7M | 1,009,058 | 0.4% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $125.2M | 288,952 | 0.4% | 5 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $122.7M | 308,492 | 0.3% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $120.5M | 841,573 | 0.3% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $111.9M | 988,050 | 0.3% | 31 |
| CRITEO S A | [CRTO](https://holderbook.com/stocks/CRTO/) | $109.6M | 5,998,091 | 0.3% | 30 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $106.1M | 624,712 | 0.3% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $105.8M | 638,363 | 0.3% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $102.4M | 756,217 | 0.3% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $101.6M | 1,422,550 | 0.3% | 31 |
| COCA-COLA EUROPACIFIC PARTNE | [CCEP](https://holderbook.com/stocks/CCEP/) | $101.1M | 1,243,990 | 0.3% | 8 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $100.9M | 644,039 | 0.3% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $92.4M | 98,725 | 0.3% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $91.1M | 302,108 | 0.3% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $86.4M | 740,723 | 0.2% | 21 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $84.7M | 303,944 | 0.2% | 31 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $84.5M | 1,255,284 | 0.2% | 25 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $82.0M | 275,171 | 0.2% | 31 |
| GFL ENVIRONMENTAL INC | [GFL](https://holderbook.com/stocks/GFL/) | $80.6M | 2,189,821 | 0.2% | 1 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $79.2M | 449,390 | 0.2% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $76.4M | 833,410 | 0.2% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $76.3M | 841,310 | 0.2% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $76.0M | 518,078 | 0.2% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $75.4M | 267,981 | 0.2% | 31 |
| BIOMARIN PHARMACEUTICAL INC | [BMRN](https://holderbook.com/stocks/BMRN/) | $72.6M | 1,268,194 | 0.2% | 31 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $71.3M | 138,312 | 0.2% | 10 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $69.5M | 233,435 | 0.2% | 21 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $68.8M | 205,404 | 0.2% | 11 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $68.0M | 594,363 | 0.2% | 4 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $67.5M | 39,769 | 0.2% | 16 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $66.4M | 1,196,052 | 0.2% | 31 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $64.8M | 316,133 | 0.2% | 31 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $62.0M | 440,838 | 0.2% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $61.8M | 181,136 | 0.2% | 28 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $60.5M | 236,666 | 0.2% | 31 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $59.9M | 350,288 | 0.2% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $58.7M | 117,013 | 0.2% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $58.5M | 112,758 | 0.2% | 8 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $57.7M | 340,348 | 0.2% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $57.6M | 90,740 | 0.2% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $57.4M | 694,227 | 0.2% | 31 |
| BURLINGTON STORES INC | [BURL](https://holderbook.com/stocks/BURL/) | $57.0M | 179,776 | 0.2% | 19 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $56.3M | 2,338,682 | 0.2% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $55.9M | 267,505 | 0.2% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $55.7M | 130,654 | 0.2% | 8 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $54.8M | 1,029,886 | 0.2% | 17 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $54.5M | 294,680 | 0.2% | 31 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $53.7M | 108,106 | 0.2% | 31 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $53.5M | 746,976 | 0.1% | 25 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $53.1M | 513,721 | 0.1% | 31 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $52.2M | 552,505 | 0.1% | 31 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $51.7M | 208,250 | 0.1% | 18 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $51.6M | 191,908 | 0.1% | 26 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $51.1M | 52,285 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.6% | +14.8% | -0.2% | 100% |
| Q1 2026 | -8.5% | -4.6% | -3.8% | 100% |
| Q4 2025 | +3.4% | +2.4% | +1.0% | 100% |
| Q3 2025 | +11.5% | +7.8% | +3.7% | 100% |
| Q2 2025 | +14.4% | +10.5% | +4.0% | 100% |
| Q1 2025 | -5.9% | -4.6% | -1.3% | 100% |
| Q4 2024 | +3.0% | +2.1% | +0.9% | 100% |
| Q3 2024 | +3.3% | +5.4% | -2.1% | 96% |

## Quarter by quarter

| Quarter | 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 |