DNB Asset Management Trims Fastenal Stake

Asset manager reduces holdings in industrial supply company by 18.6% in Q3

Published on Mar. 3, 2026

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DNB Asset Management AS decreased its holdings in Fastenal Company (NASDAQ:FAST) by 18.6% in the third quarter, according to the company's most recent 13F filing with the Securities and Exchange Commission. The fund owned 342,627 shares of the company's stock after selling 78,159 shares during the period.

Why it matters

Fastenal is a major industrial supply company that serves a wide range of end markets, including manufacturing, construction, and maintenance. Changes in institutional ownership can provide insights into market sentiment around the company's performance and outlook.

The details

According to the 13F filing, DNB Asset Management sold 78,159 shares of Fastenal stock in the third quarter, reducing its total holdings to 342,627 shares. The sale represented an 18.6% decrease in the fund's position in the company. At the end of the quarter, DNB's Fastenal stake was valued at $16.8 million.

  • The 13F filing was submitted on February 28, 2026, covering the third quarter of 2025.

The players

DNB Asset Management AS

A Norwegian asset management firm that decreased its holdings in Fastenal Company during the third quarter of 2025.

Fastenal Company

An American industrial supply company that distributes a wide range of products, including fasteners, tools, and safety equipment, to manufacturing, construction, and maintenance customers.

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The takeaway

The reduction in DNB Asset Management's Fastenal holdings could signal a shift in investor sentiment around the industrial supply company, though more context would be needed to determine the broader implications for Fastenal's business and outlook.