NS
Norway Savings Bank 13F Holdings & Recent Stock Buys (Q2 2026)
Norway Savings BankCIK: 0001692227
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$238.5M
Reporting period: 2026-06-30 · Number of holdings: 177
Norway Savings Bank disclosed 177 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $238.5M and a quarterly turnover rate of 22.2%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "N"
Personality snowflake
- Concentration
- 8.93
- Portfolio Stability
- 22.21
- Momentum
- 100
- Sector conviction
- 64.87
- Diversification
- 100
- Sizing Uniformity
- 88.45
Norway Savings Bank's disclosed holdings carry a Herfindahl concentration index of 0.022 — mathematically equivalent to about 45 equally-sized positions, well below its 177 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.16), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMD
-3.4% $5.6M
Add PANW
-0.8% $5.2M
Add MRVL
-0.6% $3.2M
Sold out HON
Add KLAC
+838.3% $2.2M
Trim CVX
-2.9% -$953.7K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 104 holdings (of 177 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 5.35% | +0.32% | -3.16% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 4.80% | -0.09% | -2.70% | |
| 3 | PANW | Palo Alto Networks Inc | Stock-Tech | 4.14% | +1.92% | -0.83% | |
| 4 | NVDA | Nvidia CORP | Stock-Tech | 3.78% | +0.02% | -1.00% | |
| 5 | AMD | Advanced Micro Devices | Stock-Tech | 3.68% | +2.17% | -3.45% | |
| 6 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-Other | 3.46% | +0.47% | +0.65% | |
| 7 | APH | Amphenol Corp-cl A | Stock-Tech | 3.43% | +0.60% | -1.83% | |
| 8 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.31% | +0.07% | +1.06% | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 3.23% | -0.25% | +4.15% | |
| 10 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.08% | -0.10% | -1.70% | |
| 11 | LLY | Eli Lilly & Co | Stock-Healthcare | 2.25% | +0.03% | -12.13% | |
| 12 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 2.18% | -0.02% | +1.65% | |
| 13 | ADI | Analog Devices Inc | Stock-Tech | 2.17% | +0.13% | -3.58% | |
| 14 | CAT | Caterpillar Inc | Stock-Industrials | 2.03% | +0.42% | -4.78% | |
| 15 | MRVL | Marvell Technology Inc | Stock-Tech | 2.02% | +1.26% | -0.63% | |
| 16 | KLAC | Kla CORP | Stock-Tech | 1.92% | +0.79% | +838.31% | |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.70% | -0.20% | -3.23% | |
| 18 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.69% | -0.33% | +0.89% | |
| 19 | ORCL | Oracle CORP | Stock-Tech | 1.67% | -0.26% | -1.62% | |
| 20 | DGRO | Ishares Core Dividend Growth | ETF-Other | 1.64% | -0.04% | +2.51% | |
| 21 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.50% | -0.20% | -4.19% | |
| 22 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.48% | -0.22% | -0.08% | |
| 23 | GS | Goldman Sachs Group Inc | Stock-Financials | 1.47% | +0.09% | +0.67% | |
| 24 | CVX | Chevron CORP | Stock-Energy | 1.40% | -0.63% | -2.92% | |
| 25 | XOM | Exxon Mobil CORP | Stock-Energy | 1.38% | -0.61% | -2.66% | |
| 26 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.25% | -0.12% | +1.56% | |
| 27 | ABT | Abbott Laboratories | Stock-Healthcare | 1.22% | -0.29% | +3.36% | |
| 28 | MCHP | Microchip Technology Inc | Stock-Tech | 1.22% | +0.24% | -0.52% | |
| 29 | BLK | Blackrock Inc | Stock-Financials | 1.20% | -0.11% | +3.63% | |
| 30 | BA | Boeing Co/the | Stock-Industrials | 1.12% | +0.01% | +4.44% | |
| 31 | IDXX | Idexx Laboratories Inc | Stock-Healthcare | 1.09% | -0.15% | +5.65% | |
| 32 | DLR | Digital Realty Trust Inc | Stock-Real Estate | 0.95% | -0.08% | +4.39% | |
| 33 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.95% | -0.21% | -1.37% | |
| 34 | NEE | Nextera Energy Inc | Stock-Utilities | 0.91% | -0.18% | -0.39% | |
| 35 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.90% | -0.01% | -0.43% | |
| 36 | ICE | Intercontinental Exchange In | Stock-Financials | 0.88% | -0.36% | +2.50% | |
| 37 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.87% | -0.13% | +3.14% | |
| 38 | BX | Blackstone Inc | Stock-Financials | 0.86% | -0.06% | +4.11% | |
| 39 | COP | Conocophillips | Stock-Energy | 0.86% | -0.34% | +2.73% | |
| 40 | HCA | Hca Healthcare Inc | Stock-Healthcare | 0.79% | -0.25% | +3.72% | |
| 41 | CRM | Salesforce Inc | Stock-Tech | 0.74% | -0.32% | -5.47% | |
| 42 | AMGN | Amgen Inc | Stock-Healthcare | 0.72% | -0.07% | +0.30% | |
| 43 | AVGO | Broadcom Inc | Stock-Tech | 0.71% | +0.25% | +41.96% | |
| 44 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.66% | -0.06% | -3.01% | |
| 45 | DUK | Duke Energy CORP | Stock-Utilities | 0.65% | -0.12% | -0.93% | |
| 46 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.61% | -0.19% | -1.02% | |
| 47 | GD | General Dynamics CORP | Stock-Industrials | 0.61% | -0.05% | +0.59% | |
| 48 | EOG | Eog Resources Inc | Stock-Energy | 0.60% | -0.11% | +7.05% | |
| 49 | DHR | Danaher CORP | Stock-Healthcare | 0.57% | -0.09% | -3.39% | |
| 50 | TYL | Tyler Technologies Inc | Stock-Tech | 0.55% | -0.25% | -8.92% |
1–50 of 104
Portfolio Performance
Performance for Q3 2026
+3.6%
Performance Last 4 Quarters
+22.8%
- Stdev
- +11.8%
- Beta
- +0.88
- Alpha
- -0.7%
- Max Drawdown
- -7.5%
- Annualized Perf
- +17.6%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.9
- Stutzer
- +0.42
- Treynor
- +0.19
- Sterling
- +1.15
- Calmar
- +2.34
- Information Ratio
- -0.93
- Tracking Error
- +3.2%
- Stdev Down
- +5.9%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +30.9%
- Worst 12 Months
- +3.7%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.44
- Stdev Sectors
- +10.7%
- Skewness
- +0.02
- Kurtosis
- -0.09
- Upside Potential
- +4.45
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 177 | $238.5M | 22 | ||
| 2026 Q1 | 174 | $210.9M | 15 | ||
| 2025 Q4 | 177 | $216.2M | 11 | ||
| 2025 Q3 | 176 | $206.8M | 25 | ||
| 2025 Q2 | 177 | $194.7M | 0 | ||
| 2025 Q1 | 183 | $175.9M | 100 | ||
| 2024 Q4 | 184 | $180.5M | 0 | ||
| 2024 Q3 | 185 | $184.4M | 0 | ||
| 2024 Q2 | 176 | $175.4M | 0 | ||
| 2024 Q1 | 136 | $239.6M | 0 | ||
| 2023 Q4 | 140 | $225.7M | 0 | ||
| 2023 Q3 | 133 | $202.8M | 0 | ||
| 2023 Q2 | 118 | $183.5M | 0 | ||
| 2023 Q1 | 138 | $198.4M | 0 | ||
| 2022 Q4 | 458 | $196.4M | 0 | ||
| 2022 Q3 | 453 | $183.4M | 0 | ||
| 2022 Q2 | 391 | $193.1M | 0 | ||
| 2022 Q1 | 398 | $221.5M | 0 | ||
| 2021 Q4 | 406 | $228.1M | 0 | ||
| 2021 Q3 | 422 | $212.4M | 0 | ||
| 2021 Q2 | 410 | $205.3M | 96 | ||
| 2021 Q1 | 409 | $189.8M | 13 | ||
| 2020 Q4 | 560 | $174.2M | 19 | ||
| 2020 Q3 | 395 | $147.9M | 17 | ||
| 2020 Q2 | 349 | $135.8M | 20 | ||
| 2020 Q1 | 358 | $114.8M | 24 | ||
| 2019 Q4 | 358 | $137.7M | 16 | ||
| 2019 Q3 | 346 | $122.6M | 9 | ||
| 2019 Q2 | 331 | $117.5M | 8 | ||
| 2019 Q1 | 325 | $113.6M | 14 | ||
| 2018 Q4 | 331 | $102.0M | 16 | ||
| 2018 Q3 | 331 | $114.7M | 9 | ||
| 2018 Q2 | 298 | $109.5M | 8 | ||
| 2018 Q1 | 424 | $106.0M | 14 | ||
| 2017 Q4 | 427 | $106.5M | 9 | ||
| 2017 Q3 | 435 | $104.4M | 8 | ||
| 2017 Q2 | 394 | $102.4M | 9 | ||
| 2017 Q1 | 370 | $97.3M | 15 | ||
| 2016 Q4 | 367 | $107.3M | 0 |
Holding changes this quarter
Norway Savings Bank's most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: Ss Spdr Bb 1-3m T-bill ETF (BIL); Sold out: Adobe Inc (ADBE); New buy: Intel CORP (INTC); Sold out: Accenture plc (ACN).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMD | Advanced Micro Devices | +2.2% | -3.45% | Trim |
| 2 | PANW | Palo Alto Networks Inc | +1.9% | -0.83% | Trim |
| 3 | MRVL | Marvell Technology Inc | +1.3% | -0.63% | Trim |
| 4 | KLAC | Kla CORP | +0.8% | +838.31% | Add |
| 5 | APH | Amphenol Corp-cl A | +0.6% | -1.83% | Trim |
| 6 | EMXC | Ishares Msci Emr Mrk Ex Chna | +0.5% | +0.65% | Add |
| 7 | CAT | Caterpillar Inc | +0.4% | -4.78% | Trim |
| 8 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.3% | NEW | New buy |
| 9 | GOOGL | Alphabet Inc-cl A | +0.3% | -3.16% | Trim |
| 10 | AVGO | Broadcom Inc | +0.3% | +41.96% | Add |
| 11 | MCHP | Microchip Technology Inc | +0.2% | -0.52% | Trim |
| 12 | INTC | Intel CORP | +0.2% | NEW | New buy |
| 13 | ADI | Analog Devices Inc | +0.1% | -3.58% | Trim |
| 14 | SNPS | Synopsys Inc | +0.1% | +42.33% | Add |
| 15 | AMAT | Applied Materials Inc | +0.1% | NEW | New buy |
| 16 | CSCO | Cisco Systems Inc | +0.1% | +1.77% | Add |
| 17 | GS | Goldman Sachs Group Inc | +0.1% | +0.67% | Add |
| 18 | C | Citigroup Inc | +0.1% | +44.98% | Add |
| 19 | MKC | Mccormick & Co-non Vtg Shrs | +0.1% | NEW | New buy |
| 20 | BNY | Bank Of New York Mellon CORP | +0.1% | NEW | New buy |
| 21 | QCOM | Qualcomm Inc | +0.1% | NEW | New buy |
| 22 | AMZN | Amazon.com Inc | +0.1% | +1.06% | Add |
| 23 | ZBRA | Zebra Technologies Corp-cl A | +0.1% | -1.31% | Trim |
| 24 | MDT | Medtronic plc | +0.1% | +61.17% | Add |
| 25 | TXN | Texas Instruments Inc | 0% | -3.09% | Trim |
| 26 | LLY | Eli Lilly & Co | 0% | -12.13% | Trim |
| 27 | V | Visa Inc-class A Shares | 0% | +4.12% | Add |
| 28 | STT | State Street CORP | 0% | -1.27% | Trim |
| 29 | NVDA | Nvidia CORP | 0% | -1.00% | Trim |
| 30 | MS | Morgan Stanley | 0% | +1.12% | Add |
| 31 | BA | Boeing Co/the | 0% | +4.44% | Add |
| 32 | BHP | Bhp Group Ltd-spon Adr | 0% | -0.26% | Trim |
| 33 | IBM | Intl Business Machines CORP | 0% | — | Unchanged |
| 34 | KKR | Kkr & Co Inc | — | +13.58% | Add |
| 35 | NFLX | Netflix Inc | — | +50.26% | Add |
| 36 | CSX | Csx CORP | — | — | Unchanged |
| 37 | BAC | Bank Of America CORP | — | — | Unchanged |
| 38 | JNJ | Johnson & Johnson | 0% | -0.43% | Trim |
| 39 | BMI | Badger Meter Inc | 0% | +13.04% | Add |
| 40 | AFL | Aflac Inc | 0% | — | Unchanged |
| 41 | EFA | Ishares Msci Eafe ETF | 0% | -0.48% | Trim |
| 42 | DE | Deere & Co | 0% | -3.42% | Trim |
| 43 | CB | Chubb Limited | 0% | — | Unchanged |
| 44 | MA | Mastercard Inc - A | 0% | — | Unchanged |
| 45 | SPDW | Ste Str Spdr Pt Dw EU ETF | 0% | +1.65% | Add |
| 46 | GOOG | Alphabet Inc-cl C | 0% | -14.83% | Trim |
| 47 | TM | Toyota Motor CORP -spon Adr | 0% | +17.54% | Add |
| 48 | ENB | Enbridge Inc | 0% | -1.84% | Trim |
| 49 | VWO | Vanguard Ftse Emerging Marke | 0% | -8.77% | Trim |
| 50 | ABBV | Abbvie Inc | 0% | -9.18% | Trim |
1–50 of 109
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is Norway Savings Bank and what type of investor is it?
Norway Savings Bank is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $238.5M, spread across 177 disclosed positions.
What are Norway Savings Bank's largest equity positions?
Based on the latest 13F filing, Norway Savings Bank's top holdings by market value are:
1. Alphabet Inc-cl A (GOOGL) — $12.8M (5.3%)
2. Apple Inc (AAPL) — $11.4M (4.8%)
3. Palo Alto Networks Inc (PANW) — $9.9M (4.1%)
4. Nvidia CORP (NVDA) — $9.0M (3.8%)
5. Advanced Micro Devices (AMD) — $8.8M (3.7%)
What changes did Norway Savings Bank make in its most recent portfolio filing?
In the latest reported quarter, Norway Savings Bank made 103 notable position adjustments: 6 new positions were initiated, 38 existing holdings were added to, 54 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: Ss Spdr Bb 1-3m T-bill ETF (BIL); Sold out: Adobe Inc (ADBE); New buy: Intel CORP (INTC); Sold out: Accenture plc (ACN)
What sectors does Norway Savings Bank focus on?
Norway Savings Bank is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.7%
• Health Care: 12.9%
• Financials: 11.4%
• Communication Services: 8.6%
• Consumer Discretionary: 7.4%
• Industrials: 5.4%
Investment Profile
Norway Savings Bank returned an annualized 17.6% over the trailing 36 months — underperforming the S&P 500 by 0.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.88 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 40.7% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 22 over the past 4 quarters — a shift toward more active trading.
It has added to its MRVL position over the past two quarters (+$3.5M, now $4.8M), while trimming CRM over the same stretch (-$1.4M, still holding $1.8M).
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Developer Access
Access Norway Savings Bank's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/norway-savings-bankCLI
npx alphasmo institutions get norway-savings-bank