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DNB Asset Management As

CIK:0001456670
Asset Manager
$65B AUM
716 holdings
Oslo, Norway
Founded:1967
140 employees
Latest filing:Jun 30, 2025

DNB Asset Management AS is a leading Nordic asset manager and wholly owned subsidiary of DNB ASA, headquartered in Oslo, Norway. Founded over 60 years ago, it employs approximately 140 people located across Oslo, Bergen, Stockholm, and Luxembourg. The firm manages about EUR 61 billion in assets and provides a broad range of investment strategies including equities, fixed income, hedge funds, and private equity to institutional, high-net-worth, and retail clients throughout Norway and internationally.

Investment Strategy

DNB Asset Management combines active and responsible investing, focusing on equities, fixed income, hedge funds, and private equity predominantly in the Nordics but also internationally. The firm emphasizes ESG integration, with a dedicated sustainability team closely engaging with portfolio companies to encourage sustainable business practices. Its investment philosophy revolves around creating long-term value by leveraging deep market expertise, fundamental analysis, and rigorous risk control.

Latest 13F Filing Activity

DNB Asset Management As filed their most recent 13F report on Jun 30, 2025 disclosing 709 equity positions with a total 13F market value of $24B. The fund increased holdings in Microsoft Corp., Nvidia Corp., Lam Research Corp. among other positions. DNB Asset Management As reduced exposure to Take-two Interactive Software Inc., Zscaler Inc., Check Point Software Tech LT among others.

Top Buys
M
MSFTMicrosoft Corp
+$438.8M
N
NVDANvidia Corp
+$313.2M
L
LRCXLam Research Corp
+$305.7M
M
METAMeta Platforms Inc
+$242.1M
T
TSMTaiwan Semiconductor-Sp Adr
+$221.9M
Top Sells
T
TTWOTake-Two Interactive Software Inc
-$188.5M
Z
ZSZscaler Inc
-$142.1M
C
CHKPCheck Point Software Tech LT
-$130.1M
A
ACNAccenture Plc IRELAND
-$98.1M
C
CRTOCriteo Sa-Spon Adr
-$96.3M

Top Holdings

M
MSFTMicrosoft Corp
+9.6%$2.30B
N
NVDANvidia Corp
+6.5%$1.56B
G
GOOGLAlphabet Inc
+4.7%$1.14B
A
AMZNAmazon.Com Inc
+4.7%$1.14B
M
METAMeta Platforms Inc
+4.1%$999.2M

Equity Positions (709)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
Microsoft Corp9.55%$2.30B4,632,901$260.25$497.41+$438.8M
Nvidia Corp6.47%$1.56B9,872,268$53.51$157.99+$313.2M
Alphabet Inc4.74%$1.14B6,493,371$103.13$176.23+$38.1M
Amazon.Com Inc4.73%$1.14B5,202,655$153.52$219.39-$49.0M
Meta Platforms Inc4.14%$999.2M1,353,763$245.59$738.09+$242.1M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+16.8%
SEMICONDUCTORS & RELATED DEVICES
+12.6%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+10.7%
SERVICES-BUSINESS SERVICES, NEC
+5.3%
RETAIL-CATALOG & MAIL-ORDER HOUSES
+4.8%

Investment Team (2)

NameRoleLocationLinkedIn
A
Alina Dobrica
Portfolio Manager Tactical Asset AllocationUnited States
F
Fredrik Martenson
Senior Portfolio ManagerWestport, CT , United States