DNB Asset Management Reduces Stake in Home Depot

Investment firm sells over 36,000 shares of home improvement retailer

Published on Feb. 27, 2026

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DNB Asset Management AS, an investment management firm, has reduced its stake in The Home Depot, Inc. (NYSE: HD) by 15.3% during the third quarter. The firm sold 36,319 shares, leaving it with 200,986 shares valued at $81.4 million as of its latest SEC filing.

Why it matters

This transaction provides insight into the investment strategies and portfolio adjustments of major institutional investors like DNB Asset Management. Changes in ownership stakes of prominent companies like Home Depot can signal broader market trends and investor sentiment.

The details

According to the SEC filing, DNB Asset Management sold 36,319 shares of Home Depot stock during the third quarter. This reduced the firm's total holdings in the home improvement retailer to 200,986 shares, worth approximately $81.4 million. The sale represents a 15.3% decrease in DNB's position in Home Depot.

  • The transaction occurred during the third quarter of the year.

The players

DNB Asset Management AS

An investment management firm that has reduced its stake in The Home Depot, Inc.

The Home Depot, Inc.

A leading home improvement retailer based in Atlanta, Georgia.

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The takeaway

This move by DNB Asset Management reflects broader shifts in institutional investor portfolios, as they adjust their holdings in response to market conditions and investment strategies. The reduction in Home Depot shares could signal a broader reassessment of the home improvement sector by some investors.