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Institutional Investment Manager
DnB Asset Management AS
DnB Asset Management AS (CIK: 0001456670), located at Dronning Eufemias Gate 30, Oslo. Institutional holdings reported to the SEC.

Institutional Holdings (2017Q1)
Portfolio Summary: 589 holdings with a total value of $6,363,049,310.
#
Name
Shares
Value ($)
%
Options
Notes
51 PFIZER INC 895,848 30,646,960 0.48%
52 WELLS FARGO & CO NEW 504,018 28,053,642 0.44%
53 VERIZON COMMUNICATIONS INC 570,088 27,791,790 0.44%
54 AT&T INC 667,223 27,723,116 0.44%
55 PRICELINE GRP INC 15,531 27,644,714 0.43%
56 DISNEY WALT CO 240,901 27,315,764 0.43%
57 NOBLE ENERGY INC 770,744 26,467,349 0.42%
58 BRISTOL MYERS SQUIBB CO 474,006 25,776,446 0.41%
59 SUNRUN INC 4,746,526 25,631,240 0.40%
60 LILLY ELI & CO 304,350 25,598,879 0.40%
61 PROCTER AND GAMBLE CO 280,741 25,224,579 0.40%
62 VISA INC 274,798 24,421,298 0.38%
63 ZYNGA INC 8,349,679 23,796,585 0.37%
64 AMERICAN AXLE & MFG HLDGS INC COM 1,251,488 23,502,945 0.37%
65 METLIFE INC 443,088 23,403,908 0.37%
66 PEPSICO INC 204,312 22,854,340 0.36%
67 BERKSHIRE HATHAWAY INC DEL 133,307 22,219,611 0.35%
68 SCHLUMBERGER LTD 280,920 21,939,852 0.34%
69 ALIBABA GROUP HLDG LTD 193,004 20,811,621 0.33%
70 NEWFIELD EXPL CO 548,422 20,242,256 0.32%
71 HOME DEPOT INC 133,455 19,595,198 0.31%
72 UNITED TECHNOLOGIES CORP 171,660 19,261,969 0.30%
73 V F CORP 337,916 18,575,243 0.29%
74 VARIAN MED SYS INC 200,533 18,274,572 0.29%
75 CTRIP COM INTL LTD 371,038 18,236,518 0.29%
76 ACCENTURE PLC 141,452 16,957,266 0.27%
77 INTERNATIONAL BUSINESS MACHS 95,482 16,627,235 0.26%
78 MODINE MFG CO COM 1,334,355 16,279,131 0.26%
79 NEW ORIENTAL ED & TECH GRP I 267,276 16,138,125 0.25%
80 3M CO 82,832 15,848,247 0.25%
81 TRIPADVISOR INC 362,492 15,645,155 0.25%
82 COLGATE PALMOLIVE CO 211,618 15,488,321 0.24%
83 TAL ED GROUP 144,100 15,356,737 0.24%
84 ANTHEM INC 92,350 15,272,843 0.24%
85 AETNA INC NEW 118,671 15,136,486 0.24%
86 GILEAD SCIENCES INC 213,982 14,533,657 0.23%
87 CIGNA CORPORATION 98,990 14,501,045 0.23%
88 MORGAN STANLEY 335,854 14,387,985 0.23%
89 FIRST SOLAR INC 518,218 14,043,708 0.22%
90 BIOGEN INC 49,313 13,483,160 0.21%
91 TIME WARNER INC 134,889 13,180,004 0.21%
92 THERMO FISHER SCIENTIFIC INC 85,648 13,155,533 0.21%
93 CERNER CORP 222,668 13,104,012 0.21%
94 AMGEN INC 78,666 12,906,731 0.20%
95 MCDONALDS CORP 96,606 12,521,104 0.20%
96 APPLIED MATLS INC 309,665 12,045,969 0.19%
97 INTERCONTINENTAL EXCHANGE IN 195,030 11,676,446 0.18%
98 MASTERCARD INCORPORATED 103,399 11,629,286 0.18%
99 PACIFIC ETHANOL INC 1,682,039 11,521,967 0.18%
100 SCHWAB CHARLES CORP 280,370 11,441,900 0.18%
Page 2 of 12

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000950123-17-003495, filed 2017.04.19).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.