# Norway Savings Bank

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1692227. Source: https://holderbook.com/funds/1692227-norway-savings-bank/

- Reported value: $238.5M
- Positions: 104
- Weight of the ten largest: 38.3%
- Filed: 2026-07-08

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 |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $12.8M | 35,701 | 5.3% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.4M | 39,545 | 4.8% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $9.9M | 28,980 | 4.1% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $9.0M | 45,033 | 3.8% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $8.8M | 15,123 | 3.7% | 24 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $8.3M | 80,721 | 3.5% | 14 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $8.2M | 46,406 | 3.4% | 28 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $7.9M | 33,118 | 3.3% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $7.7M | 20,652 | 3.2% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $7.3M | 22,415 | 3.1% | 12 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $5.4M | 4,469 | 2.2% | 12 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $5.2M | 103,186 | 2.2% | 29 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $5.2M | 13,025 | 2.2% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $4.9M | 4,557 | 2.0% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $4.8M | 16,147 | 2.0% | 5 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $4.6M | 15,210 | 1.9% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.0M | 8,085 | 1.7% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.0M | 4,318 | 1.7% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $4.0M | 27,169 | 1.7% | 31 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $3.9M | 51,764 | 1.6% | 8 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.6M | 14,067 | 1.5% | 12 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.5M | 6,273 | 1.5% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $3.5M | 3,472 | 1.5% | 21 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.3M | 20,138 | 1.4% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.3M | 24,118 | 1.4% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.0M | 20,356 | 1.3% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.9M | 32,126 | 1.2% | 31 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $2.9M | 31,817 | 1.2% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $2.9M | 2,967 | 1.2% | 6 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $2.7M | 12,303 | 1.1% | 31 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $2.6M | 4,919 | 1.1% | 31 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $2.3M | 12,630 | 1.0% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.3M | 10,234 | 0.9% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.2M | 24,744 | 0.9% | 31 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $2.1M | 14,636 | 0.9% | 24 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $2.1M | 17,000 | 0.9% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $2.1M | 13,668 | 0.9% | 31 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $2.1M | 17,531 | 0.9% | 21 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $2.0M | 19,624 | 0.9% | 31 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $1.9M | 4,829 | 0.8% | 11 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.8M | 11,330 | 0.7% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.7M | 4,748 | 0.7% | 23 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.7M | 4,486 | 0.7% | 5 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.6M | 19,303 | 0.7% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.6M | 12,266 | 0.7% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.5M | 10,756 | 0.6% | 31 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $1.5M | 4,106 | 0.6% | 31 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $1.4M | 11,124 | 0.6% | 18 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.4M | 7,129 | 0.6% | 31 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $1.3M | 4,461 | 0.5% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.3M | 3,253 | 0.5% | 6 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $1.3M | 4,912 | 0.5% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.3M | 3,666 | 0.5% | 31 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $1.2M | 8,933 | 0.5% | 11 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.1M | 7,329 | 0.5% | 12 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.0M | 3,702 | 0.4% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.0M | 3,975 | 0.4% | 31 |
| ZSCALER INC | [ZS](https://holderbook.com/stocks/ZS/) | $937.1K | 6,639 | 0.4% | 11 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $919.4K | 2,061 | 0.4% | 2 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $909.0K | 2,903 | 0.4% | 23 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $892.3K | 8,732 | 0.4% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $889.8K | 7,575 | 0.4% | 31 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $825.7K | 9,911 | 0.3% | 23 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $785.7K | 2,850 | 0.3% | 27 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $775.5K | 8,463 | 0.3% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $749.1K | 2,124 | 0.3% | 31 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $721.6K | 7,862 | 0.3% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $711.9K | 9,970 | 0.3% | 2 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $710.6K | 13,556 | 0.3% | 5 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $708.9K | 6,046 | 0.3% | 31 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $702.6K | 20,665 | 0.3% | 21 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $686.9K | 2,886 | 0.3% | 12 |
| BADGER METER INC | [BMI](https://holderbook.com/stocks/BMI/) | $594.4K | 4,006 | 0.2% | 8 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $567.5K | 4,055 | 0.2% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $566.3K | 2,985 | 0.2% | 10 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $564.6K | 13,335 | 0.2% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $538.1K | 5,180 | 0.2% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $537.4K | 6,869 | 0.2% | 2 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $525.4K | 3,098 | 0.2% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $491.0K | 5,101 | 0.2% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $484.8K | 4,280 | 0.2% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $460.6K | 7,993 | 0.2% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $449.1K | 1,597 | 0.2% | 13 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $430.1K | 1,480 | 0.2% | 28 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $427.1K | 3,059 | 0.2% | 1 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $425.7K | 2,554 | 0.2% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $405.5K | 6,794 | 0.2% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $401.5K | 1,347 | 0.2% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $400.4K | 1,175 | 0.2% | 31 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $393.3K | 6,800 | 0.2% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $389.7K | 1,103 | 0.2% | 9 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $377.7K | 1,807 | 0.2% | 8 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $358.4K | 565 | 0.2% | 12 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $356.5K | 7,500 | 0.1% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $348.7K | 679 | 0.1% | 31 |
| TOYOTA MOTOR CORP | [TM](https://holderbook.com/stocks/TM/) | $323.9K | 1,923 | 0.1% | 7 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $271.8K | 376 | 0.1% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $257.7K | 10,701 | 0.1% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $256.5K | 2,780 | 0.1% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $250.3K | 4,393 | 0.1% | 5 |

## 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 | +14.5% | +14.8% | -0.3% | 100% |
| Q1 2026 | -3.1% | -4.6% | +1.6% | 100% |
| Q4 2025 | +2.4% | +2.4% | -0.0% | 100% |
| Q3 2025 | +6.6% | +7.8% | -1.3% | 100% |
| Q2 2025 | +9.6% | +10.5% | -0.8% | 100% |
| Q1 2025 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2024 | -1.5% | +2.1% | -3.7% | 100% |
| Q3 2024 | +5.1% | +5.4% | -0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $238.5M | 104 |
| Q1 2026 | $210.9M | 103 |
| Q4 2025 | $216.2M | 105 |
| Q3 2025 | $206.8M | 103 |
| Q2 2025 | $194.7M | 103 |
| Q1 2025 | $175.9M | 104 |
| Q4 2024 | $180.5M | 105 |
| Q3 2024 | $184.4M | 106 |
| Q2 2024 | $175.4M | 101 |
| Q1 2024 | $239.6M | 136 |
| Q4 2023 | $225.7M | 140 |
| Q3 2023 | $202.8M | 133 |