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Livermore
Livermore
ZHEN

DnB Asset Management AS

SEC CIK
0001456670
Latest filing
Aug 11, 2026

The latest 13F from DnB Asset Management AS covers Q2 2026 (filed Aug 11, 2026): 1,276 long positions worth $35.7B. The top 10 holdings make up 44.4% of the portfolio, and the largest is Microsoft Corp (MSFT) at 7.0%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
126
Est. +$271.5M
Added
416
Est. +$5.77B
Reduced
427
Est. −$2.41B
Sold out
85
Est. −$54.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    7.0%$2.49BHistory
  2. NVDANVIDIA Corp
    6.4%$2.29BHistory
  3. GOOGLAlphabet Inc.
    5.8%$2.09BHistory
  4. AMZNAmazon Com Inc
    5.2%$1.86BHistory
  5. AVGOBroadcom Inc.
    4.4%$1.56BHistory

Biggest buys

New and added positions, by estimated amount bought

  1. AVGOBroadcom Inc.
    +$633.7MAddedHistory
  2. VVisa Inc.
    +$552.8MAddedHistory
  3. MAMastercard Inc
    +$425.0MAddedHistory
  4. MSFTMicrosoft Corp
    +$422.8MAddedHistory
  5. GOOGLAlphabet Inc.
    +$352.3MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AVGOBroadcom Inc.
    +1.66 pp2.7% → 4.4%History
  2. VVisa Inc.
    +1.31 pp2.2% → 3.5%History
  3. GOOGLAlphabet Inc.
    +0.87 pp5.0% → 5.8%History
  4. MAMastercard Inc
    +0.81 pp2.0% → 2.8%History
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +0.63 pp0.3% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MRVLMarvell Technology, Inc.
    −$528.8MReducedHistory
  2. ORCLOracle Corp
    −$206.3MReducedHistory
  3. QCOMQualcomm Inc
    −$180.3MReducedHistory
  4. AMDAdvanced Micro Devices Inc
    −$126.3MReducedHistory
  5. INTCIntel Corp
    −$118.0MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ORCLOracle Corp
    −0.90 pp1.5% → 0.6%History
  2. MRVLMarvell Technology, Inc.
    −0.51 pp0.7% → 0.2%History
  3. QCOMQualcomm Inc
    −0.43 pp0.6% → 0.2%History
  4. WMWaste Management Inc
    −0.35 pp0.4% → 0.1%History
  5. WMTWalmart Inc.
    −0.22 pp0.5% → 0.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$35.7B
+$7.67B (+27.3%) vs. prior quarter
Positions
1,276
+41 vs. prior quarter
Top 10 concentration
44.4%
Top 10 as share of value
Turnover
7.7%
Q2 2026, one quarter
Average holding period
20.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $35.7B (Q2 2026)

Q1 2021: $13.7BQ2 2021: $15.1BQ3 2021: $15.4BQ4 2021: $17.0BQ1 2022: $16.8BQ2 2022: $14.2BQ3 2022: $13.0BQ4 2022: $14.2BQ1 2023: $15.8BQ2 2023: $17.4BQ3 2023: $16.7BQ4 2023: $19.3BQ1 2024: $19.2BQ2 2024: $21.0BQ3 2024: $22.1BQ4 2024: $23.1BQ1 2025: $21.7BQ2 2025: $24.1BQ3 2025: $26.7BQ4 2025: $28.7BQ1 2026: $28.0BQ2 2026: $35.7B
Q1 2021Q2 2026
13F filings of DnB Asset Management AS by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 20261,276$35.7BMSFTNVDAGOOGLvs. Q1 2026SEC
Q1 2026May 14, 20261,235$28.0BMSFTNVDAAMZNvs. Q4 2025SEC
Q4 2025Feb 5, 2026731$28.7BMSFTNVDAGOOGLvs. Q3 2025SEC
Q3 2025Nov 12, 2025731$26.7BMSFTNVDAGOOGLvs. Q2 2025SEC
Q2 2025Aug 12, 2025716$24.1BMSFTNVDAGOOGLvs. Q1 2025SEC
Q1 2025May 15, 2025738$21.7BMSFTNVDAAMZNvs. Q4 2024SEC
Q4 2024Feb 12, 2025732$23.1BMSFTGOOGLAMZNvs. Q3 2024SEC
Q3 2024Nov 12, 2024715$22.1BMSFTGOOGLNVDAvs. Q2 2024SEC
Q2 2024Jul 5, 2024708$21.0BMSFTGOOGLNVDAvs. Q1 2024SEC
Q1 2024Apr 12, 2024705$19.2BMSFTMETAGOOGLvs. Q4 2023SEC
Q4 2023Jan 4, 2024645$19.3BMSFTMETAGOOGLvs. Q3 2023SEC
Q3 2023Oct 13, 2023656$16.7BMSFTMETAAAPLvs. Q2 2023SEC
Q2 2023Jul 10, 2023Amended663$17.4BMSFTMETAAAPLvs. Q1 2023SEC
Q1 2023Apr 20, 2023646$15.8BMSFTGOOGLAAPLvs. Q4 2022SEC
Q4 2022Jan 12, 2023636$14.2BMSFTGOOGLAAPLvs. Q3 2022SEC
Q3 2022Oct 11, 2022646$13.0BMSFTAAPLGOOGLvs. Q2 2022SEC
Q2 2022Jul 8, 2022652$14.2BMSFTGOOGLAAPLvs. Q1 2022SEC
Q1 2022Apr 8, 2022642$16.8BMSFTAAPLGOOGLvs. Q4 2021SEC
Q4 2021Jan 12, 2022667$17.0BMSFTAAPLGOOGLvs. Q3 2021SEC
Q3 2021Oct 15, 2021641$15.4BMSFTGOOGLMETAvs. Q2 2021SEC
Q2 2021Jul 6, 2021630$15.1BMSFTMETAGOOGLvs. Q1 2021SEC
Q1 2021Apr 15, 2021633$13.7BMSFTMETAGOOGL–SEC

13D and 13G filings

Companies where DnB Asset Management AS reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

3 companies, largest stake first.

Companies where DnB Asset Management AS owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
CRTOCriteo S.A.13G/A10.44%5.49M shares+0.84 ppfrom 9.60%Feb 12, 20215 filingsFeb 4, 2026SEC
PTONPeloton Interactive, Inc.13G/A6.61%22.7M shares0.00 ppfrom 6.61%May 14, 20262 filingsAug 11, 2026SEC
TEAMAtlassian Corp13G5.60%8.08M sharesNewMay 14, 20261 filingMay 14, 2026SEC

Latest filings

19 filings on file made by DnB Asset Management AS or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by DnB Asset Management AS
CompanyFiled (ET)FormStakeChangeEvent dateFiling
PTONPeloton Interactive, Inc.Aug 11, 202612:55 PM ET13G/A6.61%22.7M shares0.00 ppfrom 6.61%Jun 30, 2026SEC
PTONPeloton Interactive, Inc.May 14, 202610:48 AM ET13G6.61%22.7M sharesNewMar 31, 2026SEC
TEAMAtlassian CorpMay 14, 202610:47 AM ET13G5.60%8.08M sharesNewMar 31, 2026SEC
CRTOCriteo S.A.Feb 4, 20264:03 PM ET13G/A10.44%5.49M shares+0.84 ppfrom 9.60%Jan 5, 2026SEC
SNDKSandisk CorpNov 10, 20257:09 PM ET13G/A0.70%1.03M shares−5.10 ppfrom 5.80%Below 5%Sep 30, 2025SEC
SNDKSandisk CorpAug 12, 20259:29 AM ET13G5.80%7.11M sharesNewJun 30, 2025SEC
ADTNADTRAN Holdings, Inc.Apr 23, 202511:35 AM ET13G/A4.40%3.55M shares–Below 5%Mar 31, 2025SEC
ADTNADTRAN Holdings, Inc.Nov 12, 202413GOld format–New–SEC
CRTOCriteo S.A.Feb 9, 20241:52 PM ET13G/A9.60%5.41M shares–Dec 31, 2023SEC
O2MICRO International LtdMar 10, 202313G/AOld format–––SEC
O2MICRO International LtdJan 31, 202313G/AOld format–––SEC
VSHVishay Intertechnology IncJan 31, 202313G/AOld format–––SEC
CRTOCriteo S.A.Jan 31, 202313G/AOld format–––SEC
VSHVishay Intertechnology IncFeb 9, 202213G/AOld format–––SEC
CRTOCriteo S.A.Feb 9, 202213G/AOld format–––SEC
O2MICRO International LtdFeb 9, 202213G/AOld format–––SEC
VSHVishay Intertechnology IncFeb 12, 202113G/AOld format–––SEC
O2MICRO International LtdFeb 12, 202113G/AOld format–––SEC
CRTOCriteo S.A.Feb 12, 202113G/AOld format–––SEC