NS
Norway Savings Bank 13F Holdings & Recent Stock Buys (Q3 2026)
Norway Savings BankCIK: 0001692227
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$243.7M
Reporting period: 2026-09-30 · Number of holdings: 174
Norway Savings Bank disclosed 174 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $243.7M and a quarterly turnover rate of 13.5%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "N"
Personality snowflake
- Concentration
- 9.35
- Portfolio Stability
- 13.53
- Momentum
- 100
- Sector conviction
- 68.99
- Diversification
- 100
- Sizing Uniformity
- 88.08
Norway Savings Bank's disclosed holdings carry a Herfindahl concentration index of 0.023 — mathematically equivalent to about 43 equally-sized positions, well below its 174 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 1.19), 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.govSold out XOM
Add MSFT
+2.2% $3.1M
Trim KLAC
+0.3% -$1.6M
Trim CAT
-3.9% -$1.3M
Add AAPL
-1.9% $1.5M
Add NVDA
+0.3% $1.3M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 103 holdings (of 174 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 5.30% | +0.50% | -1.94% | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 5.06% | -0.29% | +0.45% | |
| 3 | PANW | Palo Alto Networks Inc | Stock-Tech | 4.56% | +0.42% | -3.50% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 4.44% | +1.21% | +2.18% | |
| 5 | NVDA | Nvidia CORP | Stock-Tech | 4.23% | +0.45% | +0.27% | |
| 6 | AMD | Advanced Micro Devices | Stock-Tech | 3.66% | -0.02% | -3.45% | |
| 7 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.46% | +0.15% | +2.21% | |
| 8 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-Other | 3.37% | -0.10% | +2.54% | |
| 9 | APH | Amphenol Corp-cl A | Stock-Tech | 3.14% | -0.29% | +95.82% | |
| 10 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.02% | -0.06% | -0.74% | |
| 11 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 2.18% | — | +2.32% | |
| 12 | ADI | Analog Devices Inc | Stock-Tech | 2.15% | -0.02% | +1.31% | |
| 13 | LLY | Eli Lilly & Co | Stock-Healthcare | 2.09% | -0.16% | -1.32% | |
| 14 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.85% | +0.37% | -0.91% | |
| 15 | MRVL | Marvell Technology Inc | Stock-Tech | 1.71% | -0.31% | -2.17% | |
| 16 | DGRO | Ishares Core Dividend Growth | ETF-Other | 1.69% | +0.05% | +5.53% | |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.67% | -0.03% | +0.83% | |
| 18 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.66% | -0.03% | +3.13% | |
| 19 | CVX | Chevron CORP | Stock-Energy | 1.64% | +0.24% | -2.90% | |
| 20 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.54% | +0.04% | +0.77% | |
| 21 | CAT | Caterpillar Inc | Stock-Industrials | 1.46% | -0.57% | -3.91% | |
| 22 | ORCL | Oracle CORP | Stock-Tech | 1.41% | -0.26% | -7.94% | |
| 23 | BLK | Blackrock Inc | Stock-Financials | 1.37% | +0.17% | +6.24% | |
| 24 | ABT | Abbott Laboratories | Stock-Healthcare | 1.29% | +0.07% | -0.74% | |
| 25 | GS | Goldman Sachs Group Inc | Stock-Financials | 1.25% | -0.22% | -2.25% | |
| 26 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.25% | — | +3.04% | |
| 27 | KLAC | Kla CORP | Stock-Tech | 1.22% | -0.70% | +0.29% | |
| 28 | ICE | Intercontinental Exchange In | Stock-Financials | 1.07% | +0.19% | +1.11% | |
| 29 | IDXX | Idexx Laboratories Inc | Stock-Healthcare | 1.05% | -0.04% | -0.61% | |
| 30 | MCHP | Microchip Technology Inc | Stock-Tech | 1.02% | -0.20% | +0.70% | |
| 31 | CRM | Salesforce Inc | Stock-Tech | 0.98% | +0.24% | -8.04% | |
| 32 | COP | Conocophillips | Stock-Energy | 0.97% | +0.11% | -3.28% | |
| 33 | BA | Boeing Co/the | Stock-Industrials | 0.97% | -0.15% | +2.99% | |
| 34 | DLR | Digital Realty Trust Inc | Stock-Real Estate | 0.94% | -0.01% | +3.60% | |
| 35 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.89% | -0.01% | +0.03% | |
| 36 | HCA | Hca Healthcare Inc | Stock-Healthcare | 0.89% | +0.10% | +4.87% | |
| 37 | NEE | Nextera Energy Inc | Stock-Utilities | 0.82% | -0.09% | +7.20% | |
| 38 | AMGN | Amgen Inc | Stock-Healthcare | 0.80% | +0.08% | -2.42% | |
| 39 | ZBRA | Zebra Technologies Corp-cl A | Stock-Tech | 0.80% | +0.26% | +5.74% | |
| 40 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.79% | -0.16% | +2.54% | |
| 41 | BX | Blackstone Inc | Stock-Financials | 0.79% | -0.07% | -2.35% | |
| 42 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.76% | -0.11% | +2.46% | |
| 43 | AVGO | Broadcom Inc | Stock-Tech | 0.72% | +0.01% | +11.46% | |
| 44 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 0.71% | +0.38% | +124.66% | |
| 45 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.68% | +0.02% | — | |
| 46 | DUK | Duke Energy CORP | Stock-Utilities | 0.66% | +0.01% | +14.28% | |
| 47 | EOG | Eog Resources Inc | Stock-Energy | 0.62% | +0.02% | -0.69% | |
| 48 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 0.60% | +0.06% | +11.25% | |
| 49 | BDX | Becton Dickinson And Co | Stock-Healthcare | 0.59% | +0.13% | +9.70% | |
| 50 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.59% | -0.02% | +5.47% |
1–50 of 103
Portfolio Performance
Performance for Q4 2026
+3.2%
Performance Last 4 Quarters
+15.5%
- Stdev
- +11.1%
- Beta
- +0.88
- Alpha
- -0.7%
- Max Drawdown
- -7.7%
- Annualized Perf
- +19.8%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +3.63
- Stutzer
- +0.5
- Treynor
- +0.21
- Sterling
- +1.29
- Calmar
- +2.58
- Information Ratio
- -1.1
- Tracking Error
- +3.2%
- Stdev Down
- +5.2%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +30.2%
- Worst 12 Months
- +3.6%
- Efficiency Ratio
- +0.72
- Sharpe
- +1.69
- Stdev Sectors
- +11.2%
- Skewness
- +0.06
- Kurtosis
- +0.27
- Upside Potential
- +5.02
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 174 | $243.7M | 14 | ||
| 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 2026-09-30: Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: ; New buy: AstraZeneca PLC (AZN); Sold out: Applied Materials Inc (AMAT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.2% | +2.18% | Add |
| 2 | AAPL | Apple Inc | +0.5% | -1.94% | Trim |
| 3 | NVDA | Nvidia CORP | +0.5% | +0.27% | Add |
| 4 | PANW | Palo Alto Networks Inc | +0.4% | -3.50% | Trim |
| 5 | ✓ | +0.4% | NEW | New buy | |
| 6 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.4% | +124.66% | Add |
| 7 | ✓ | +0.4% | NEW | New buy | |
| 8 | META | Meta Platforms Inc-class A | +0.4% | -0.91% | Trim |
| 9 | ZBRA | Zebra Technologies Corp-cl A | +0.3% | +5.74% | Add |
| 10 | CVX | Chevron CORP | +0.2% | -2.90% | Trim |
| 11 | CRM | Salesforce Inc | +0.2% | -8.04% | Trim |
| 12 | ICE | Intercontinental Exchange In | +0.2% | +1.11% | Add |
| 13 | AZN | AstraZeneca PLC | +0.2% | NEW | New buy |
| 14 | BLK | Blackrock Inc | +0.2% | +6.24% | Add |
| 15 | AMZN | Amazon.com Inc | +0.2% | +2.21% | Add |
| 16 | BDX | Becton Dickinson And Co | +0.1% | +9.70% | Add |
| 17 | COP | Conocophillips | +0.1% | -3.28% | Trim |
| 18 | TM | Toyota Motor CORP -spon Adr | +0.1% | +72.59% | Add |
| 19 | HCA | Hca Healthcare Inc | +0.1% | +4.87% | Add |
| 20 | C | Citigroup Inc | +0.1% | +54.65% | Add |
| 21 | AMGN | Amgen Inc | +0.1% | -2.42% | Trim |
| 22 | ABT | Abbott Laboratories | +0.1% | -0.74% | Trim |
| 23 | ISRG | Intuitive Surgical Inc | +0.1% | +11.25% | Add |
| 24 | MDT | Medtronic plc | +0.1% | +19.16% | Add |
| 25 | DGRO | Ishares Core Dividend Growth | +0.1% | +5.53% | Add |
| 26 | V | Visa Inc-class A Shares | +0.1% | +6.52% | Add |
| 27 | JNJ | Johnson & Johnson | 0% | +0.77% | Add |
| 28 | NFLX | Netflix Inc | 0% | +17.06% | Add |
| 29 | ZS | Zscaler Inc | 0% | -22.53% | Trim |
| 30 | KO | Coca-cola Co/the | 0% | — | Unchanged |
| 31 | EOG | Eog Resources Inc | 0% | -0.69% | Trim |
| 32 | AVGO | Broadcom Inc | 0% | +11.46% | Add |
| 33 | DUK | Duke Energy CORP | 0% | +14.28% | Add |
| 34 | PFE | Pfizer Inc | 0% | -1.87% | Trim |
| 35 | BMY | Bristol-myers Squibb Co | 0% | — | Unchanged |
| 36 | SPDW | Ste Str Spdr Pt Dw EU ETF | — | +2.32% | Add |
| 37 | PG | Procter & Gamble Co/the | — | +3.04% | Add |
| 38 | SNPS | Synopsys Inc | — | +7.28% | Add |
| 39 | VZ | Verizon Communications Inc | — | -2.81% | Trim |
| 40 | BHP | Bhp Group Ltd-spon Adr | — | +1.06% | Add |
| 41 | MA | Mastercard Inc - A | — | -1.47% | Trim |
| 42 | DIS | Walt Disney Co/the | — | -4.80% | Trim |
| 43 | MCD | Mcdonald's CORP | — | +18.67% | Add |
| 44 | BAC | Bank Of America CORP | — | — | Unchanged |
| 45 | STT | State Street CORP | — | -1.61% | Trim |
| 46 | BNY | Bank Of New York Mellon CORP | — | -0.97% | Trim |
| 47 | DE | Deere & Co | — | -5.31% | Trim |
| 48 | JNJ | Johnson & Johnson | 0% | +0.03% | Add |
| 49 | MDLZ | Mondelez International Inc-a | 0% | -7.78% | Trim |
| 50 | DLR | Digital Realty Trust Inc | 0% | +3.60% | Add |
1–50 of 107
* 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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $243.7M, spread across 174 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. Apple Inc (AAPL) — $12.9M (5.3%)
2. Alphabet Inc-cl A (GOOGL) — $12.3M (5.1%)
3. Palo Alto Networks Inc (PANW) — $11.1M (4.6%)
4. Microsoft CORP (MSFT) — $10.8M (4.4%)
5. Nvidia CORP (NVDA) — $10.3M (4.2%)
What changes did Norway Savings Bank make in its most recent portfolio filing?
In the latest reported quarter, Norway Savings Bank made 98 notable position adjustments: 3 new positions were initiated, 46 existing holdings were added to, 45 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: ; New buy: AstraZeneca PLC (AZN); Sold out: Applied Materials Inc (AMAT)
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: 42.3%
• Health Care: 13.5%
• Financials: 11.5%
• Communication Services: 8.8%
• Consumer Discretionary: 7.2%
• Consumer Staples: 5.1%
Investment Profile
Norway Savings Bank returned an annualized 19.8% 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 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 42.3% of the portfolio concentrated in Information Technology.
It has added to its PANW position over the past two quarters (+$6.4M, now $11.1M), while trimming ORCL over the same stretch (-$628.3K, still holding $3.4M).
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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