DNB Asset Management AS portfolio

What changed this quarter

966 positions with a change (118 new, 378 added to, 400 trimmed, 70 sold); also, 5 entered through an IPO, 14 exited through an acquisition or merger, 2 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Broadcom+68%more sharesIncreased
  2.7% → 4.4%
• Visa+81%more sharesIncreased
  2.2% → 3.5%
• Mastercard+75%more sharesIncreased
  2.0% → 2.8%
• Microsoft+20%more sharesIncreased
  7.3% → 7.0%
• Alphabet+20%more sharesIncreased
  5.0% → 5.8%
• Meta Platforms+27%more sharesIncreased
  3.4% → 3.3%
• NVIDIA+12%more sharesIncreased
  6.4% → 6.4%
• Intuit+1,424%more sharesIncreased
  0.1% → 0.7%
• Taiwan Semiconductor Manufacturing+191%more sharesIncreased
  0.3% → 0.9%
• Oracle−50%fewer sharesReduced
  1.5% → 0.6%
• Marvell Technology−88%fewer sharesReduced
  0.7% → 0.2%
• T-mobile US+84%more sharesIncreased
  1.0% → 1.2%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• AlphabetGOOGL · GOOG7.0%
• MicrosoftMSFT7.0%
• NVIDIANVDA6.4%
• Amazon.comAMZN5.2%
• BroadcomAVGO4.4%
• AppleAAPL3.9%
• VisaV3.5%
• Meta PlatformsMETA3.3%
• MastercardMA2.8%
• AtlassianTEAM2.1%
• T-mobile USTMUS1.2%
• HPHPQ1.2%
• Eli LillyLLY1.1%
• TeslaTSLA1.0%
• Micron TechnologyMU1.0%
• Taiwan Semiconductor ManufacturingTSM0.9%
• Booking HoldingsBKNG0.8%
• Bank of AmericaBAC0.8%
• Check Point Software TechnologiesCHKP0.7%
• JPMorgan ChaseJPM0.7%
• IntuitINTU0.7%
• Advanced Micro DevicesAMD0.7%
• CitigroupC0.7%
• Goldman Sachs GroupGS0.6%
• Peloton InteractivePTON0.6%
• Skyworks SolutionsSWKS0.6%
• OracleORCL0.6%
• IntelINTC0.6%
• GE AerospaceGE0.6%
• Johnson & JohnsonJNJ0.5%
• ChubbCB0.5%
• UnitedHealth GroupUNH0.5%
• ServiceNowNOW0.5%
• Berkshire HathawayBRK/B0.5%
• Match GroupMTCH0.5%
• Exxon MobilXOM0.5%
• Cisco SystemsCSCO0.5%
• AbbVieABBV0.4%
• AccentureACN0.4%
• Home DepotHD0.4%
• Applied MaterialsAMAT0.4%
• S&P GlobalSPGI0.4%
• Analog DevicesADI0.4%
• Nextera EnergyNEE0.4%
• GE VernovaGEV0.4%
• MerckMRK0.4%
• Lam ResearchLRCX0.4%
• Intuitive SurgicalISRG0.3%
• Emerson ElectricEMR0.3%
• WalmartWMT0.3%
• CriteoCRTO0.3%
• Arista NetworksANET0.3%
• ChevronCVX0.3%
• PepsicoPEP0.3%
• NetflixNFLX0.3%
• Coca-cola Europacific PartnersCCEP0.3%
• SalesforceCRM0.3%
• Costco WholesaleCOST0.3%
• KLAKLAC0.3%
• Palantir TechnologiesPLTR0.2%
• EcolabECL0.2%
• DexcomDXCM0.2%
• Texas InstrumentsTXN0.2%
• GFL EnvironmentalGFL0.2%
• AmphenolAPH0.2%
• Colgate-palmoliveCL0.2%
• Abbott LaboratoriesABT0.2%
• Procter & GamblePG0.2%
• International Business MachinesIBM0.2%
• BioMarin PharmaceuticalBMRN0.2%
• AppLovinAPP0.2%
• Marvell TechnologyMRVL0.2%
• Vertiv HoldingsVRT0.2%
• BaiduBIDU0.2%
• MercadoLibreMELI0.2%
• Baker HughesBKR0.2%
• AdobeADBE0.2%
• CDWCDW0.2%
• Palo Alto NetworksPANW0.2%
• CorningGLW0.2%
• Space Exploration TechnologiesSPCX0.2%
• Thermo Fisher ScientificTMO0.2%
• LindeLIN0.2%
• State StreetSTT0.2%
• DeereDE0.2%
• Wells FargoWFC0.2%
• Burlington StoresBURL0.2%
• PfizerPFE0.2%
• Morgan StanleyMS0.2%
• EatonETN0.2%
• EQTEQT0.2%
• QualcommQCOM0.2%
• Vertex PharmaceuticalsVRTX0.2%
• Otis WorldwideOTIS0.1%
• CVS HealthCVS0.1%
• ON SemiconductorON0.1%
• Constellation EnergyCEG0.1%
• Howmet AerospaceHWM0.1%
• Parker-hannifinPH0.1%