§ 13F · FUND PROFILE
DNB Asset Management AS.
AUM · $35.7B (13F)Positions · 1276Turnover · 99% · Q1Filed · Aug 11, 2026
CONCENTRATION
41%
Top 10 holdings
NEW BUYS
+527
+$289M deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-3pp · +4pp
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED AUG 11, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft Corp | 6.67M | $2.5B | 7.0% | +20% |
| 2 | NVDA | Nvidia Corp | 11.42M | $2.3B | 6.4% | +12% |
| 3 | GOOGL | Alphabet Inc | 5.84M | $2.1B | 5.8% | +20% |
| 4 | AMZN | Amazon.com Inc | 7.79M | $1.9B | 5.2% | +5% |
| 5 | AVGO | Broadcom Inc | 4.13M | $1.6B | 4.4% | +68% |
| 6 | AAPL | Apple Inc | 4.81M | $1.4B | 3.9% | ±0% |
| 7 | V | Visa Inc | 3.61M | $1.2B | 3.5% | +81% |
| 8 | META | Meta Platforms Inc | 2.09M | $1.2B | 3.3% | +27% |
| 9 | MA | Mastercard Inc | 1.92M | $988M | 2.8% | +76% |
| 10 | TEAM | Atlassian Corp | 9.83M | $765M | 2.1% | +22% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other37.3% (+4pp)
Technology20.8% (−2pp)
Semiconductors13.8% (±0)
Media11.6% (−1pp)
Retail8.3% (+1pp)
Financial Services7.5% (−1pp)
§ 03 · THE DNB SIGNAL
AC read
DNB Asset Management AS is a Other fund managing $35.7 billion in assets. The fund runs a massive portfolio of 1,276 positions, broad diversification across holdings, with the top 10 accounting for 41%. Trading activity is aggressive at 99% quarterly turnover, with 527 new positions and 0 exits last quarter. Top sector allocations: Other (37%), Technology (21%), Semiconductors (14%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
3 OF 2 FILINGS MEASURED
Q1 2026
Busy quarter
+527 buys · −0 exits · 691 changed
Q4 2025
Busy quarter
+51 buys · −0 exits · 626 changed
Q3 2025
Busy quarter
+49 buys · −0 exits · 658 changed