DNB Asset Management AS
Long book
$28.05B
Q1 2026
Positions
1235
Top-10 weight
41%
concentration
Last quarter
+15.3%
SPY +14.8%
Turnover
44%
of book per quarter
Strategy in plain words
auto-generated from filingsDNB Asset Management AS is an institutional manager, running a $28.05B US long book across 1235 positions.
The portfolio is moderately concentrated (top 10 ≈ 41% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: MICROSOFT CORP, NVIDIA CORP, AMAZON.COM INC, ALPHABET INC-CL A, APPLE INC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+5.7%
Q2 2024
+3.7%
Q3 2024
+3.4%
Q4 2024
-5.5%
Q1 2025
+15.0%
Q2 2025
+11.9%
Q3 2025
+3.8%
Q4 2025
-8.0%
Q1 2026
+15.3%
Sector allocation
Technology 46%
Consumer discretionary 10%
Financials 9%
Industrials 8%
Services media 7%
Healthcare 7%
Other 4%
Utilities 3%
Long book by quarter
What does DNB Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 5.5M | $2.05B | 7.3% | +8.7% |
| NVDA NVIDIA CORP | Technology | 10.2M | $1.78B | 6.4% | +1.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 7.5M | $1.55B | 5.5% | +12.9% |
| GOOGL ALPHABET INC-CL A | Technology | 4.9M | $1.40B | 5.0% | -1.7% |
| AAPL APPLE INC | Technology | 4.8M | $1.22B | 4.3% | -6.4% |
| META META PLATFORMS INC-CLASS A | Technology | 1.6M | $940.9M | 3.4% | -13.1% |
| AVGO BROADCOM INC | Technology | 2.5M | $760.1M | 2.7% | +48.1% |
| V VISA INC-CLASS A SHARES | Services media | 2.0M | $603.3M | 2.2% | +4.5% |
| TEAM ATLASSIAN CORP-CL A | Technology | 8.1M | $551.3M | 2.0% | +102.4% |
| MA MASTERCARD INC - A | Services media | 1.1M | $547.6M | 2.0% | -13.1% |
| ORCL ORACLE CORP | Technology | 2.8M | $414.6M | 1.5% | +111.9% |
| HPQ HP INC | Technology | 19.8M | $380.4M | 1.4% | +86.9% |
| LLY ELI LILLY & CO | Healthcare | 340.9K | $313.5M | 1.1% | +6.0% |
| TSLA TESLA INC | Industrials | 841.3K | $312.7M | 1.1% | +1.5% |
| GOOG ALPHABET INC-CL C | Technology | 1.1M | $307.4M | 1.1% | +8.4% |
| TMUS T-MOBILE US INC | Communications | 1.4M | $293.2M | 1.0% | +31.1% |
| CPW CHECK POINT SOFTWARE TECH | — | 1.8M | $254.4M | 0.9% | -2.2% |
| BAC BANK OF AMERICA CORP | Financials | 4.9M | $237.7M | 0.8% | +0.9% |
| JPM JPMORGAN CHASE & CO | Financials | 767.8K | $225.8M | 0.8% | +4.1% |
| C CITIGROUP INC | Financials | 1.8M | $205.1M | 0.7% | +0.9% |
| NOW SERVICENOW INC | Technology | 1.9M | $201.7M | 0.7% | +188.7% |
| XOM EXXON MOBIL CORP | Energy | 1.2M | $200.6M | 0.7% | +10.0% |
| GS GOLDMAN SACHS GROUP INC | Financials | 236.6K | $200.2M | 0.7% | -6.6% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 2.0M | $198.9M | 0.7% | +102.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 725.9K | $177.4M | 0.6% | +11.0% |
| CB CHUBB LTD | Financials | 536.0K | $174.7M | 0.6% | +3.1% |
| GE GENERAL ELECTRIC | Industrials | 591.1K | $167.7M | 0.6% | +64.7% |
| QCOM QUALCOMM INC | Technology | 1.3M | $163.6M | 0.6% | +25.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 335.2K | $160.6M | 0.6% | +9.6% |
| BKNG BOOKING HOLDINGS INC | Industrials | 36.3K | $152.7M | 0.5% | -16.2% |
| SPGI S&P GLOBAL INC | Services media | 351.2K | $149.4M | 0.5% | +12.0% |
| WMT WALMART INC | Consumer discretionary | 1.2M | $148.6M | 0.5% | -29.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 536.7K | $145.2M | 0.5% | +22.6% |
| NEE NEXTERA ENERGY INC | Utilities | 1.5M | $139.0M | 0.5% | +4.0% |
| PEP PEPSICO INC | Consumer staples | 878.1K | $136.4M | 0.5% | +11.7% |
| ABBV ABBVIE INC | Healthcare | 626.9K | $136.3M | 0.5% | +9.0% |
| HD HOME DEPOT INC | Consumer discretionary | 409.7K | $134.8M | 0.5% | +99.5% |
| NFLX NETFLIX INC | Services media | 1.4M | $133.7M | 0.5% | +3.3% |
| AMD ADVANCED MICRO DEVICES | Technology | 642.9K | $130.8M | 0.5% | -25.8% |
| CSCO CISCO SYSTEMS INC | Technology | 1.7M | $129.1M | 0.5% | +8.4% |
| WM WASTE MANAGEMENT INC | Utilities | 543.2K | $124.8M | 0.4% | +2.8% |
| EMR EMERSON ELECTRIC CO | Industrials | 925.8K | $121.3M | 0.4% | +5.9% |
| MU MICRON TECHNOLOGY INC | Technology | 352.7K | $119.2M | 0.4% | +27.4% |
| CVX CHEVRON CORP | Energy | 566.0K | $117.1M | 0.4% | +10.4% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 252.2K | $116.2M | 0.4% | +3.0% |
| CCEP COCA-COLA EUROPACIFIC PARTNE | Consumer staples | 1.4M | $108.6M | 0.4% | +29.4% |
| MRK MERCK & CO. INC. | Healthcare | 897.1K | $107.9M | 0.4% | -5.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 107.7K | $107.3M | 0.4% | +22.3% |
| GEV GE VERNOVA INC | Industrials | 121.8K | $106.3M | 0.4% | +17.2% |
| MTCH MATCH GROUP INC | Technology | 3.4M | $105.7M | 0.4% | +0.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 1235 | $28.05B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 731 | $28.66B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 731 | $26.74B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 716 | $24.12B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 738 | $21.69B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 732 | $23.11B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 715 | $22.15B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 5, 2024 | 708 | $20.96B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 12, 2024 | 705 | $19.18B | canonical | SEC ↗ |
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