DNB Asset Management Trims Stake in Western Digital

Norwegian asset manager reduces holding in data storage company by 81%

Feb. 27, 2026 at 9:24am

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DNB Asset Management AS, a Norwegian asset management firm, reduced its stake in Western Digital Corporation (NASDAQ:WDC) by 81.0% during the 3rd quarter, according to a recent SEC filing. The fund previously owned 918,463 shares of the data storage provider's stock, but sold 3,923,603 shares during the quarter, leaving it with a much smaller position.

Why it matters

This significant reduction in DNB's stake in Western Digital reflects broader shifts in the data storage market and investor sentiment around the company. As a major institutional investor, DNB's portfolio moves can signal changes in the broader investment landscape for Western Digital and the data storage industry.

The details

According to the SEC filing, DNB Asset Management AS owned 0.27% of Western Digital at the end of the most recent reporting period, down from a larger 0.81% stake previously. The firm cited the sale of 3,923,603 shares during the 3rd quarter as the reason for the reduced holding. Western Digital is a leading manufacturer of hard disk drives (HDDs) and solid-state drives (SSDs) used in PCs, enterprise storage, and cloud infrastructure.

  • DNB Asset Management reduced its stake in Western Digital during the 3rd quarter of 2026.

The players

DNB Asset Management AS

A Norwegian asset management firm that previously held a significant stake in Western Digital Corporation.

Western Digital Corporation

A global data storage company that designs, manufactures, and sells hard disk drives (HDDs), solid-state drives (SSDs), and other storage solutions for personal, enterprise, and cloud applications.

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The takeaway

The reduction in DNB Asset Management's stake in Western Digital reflects broader shifts in the data storage market and investor sentiment around the company. As a major institutional investor, DNB's portfolio moves can signal changes in the broader investment landscape for Western Digital and the data storage industry.