DNB Asset Management Boosts Stake in Bank of America

Norwegian asset manager increases holdings in major U.S. bank

Published on Feb. 27, 2026

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DNB Asset Management AS, a Norwegian asset management firm, increased its position in shares of Bank of America Corporation (NYSE:BAC) by 4.3% during the 3rd quarter, according to the company's recent 13F filing with the U.S. Securities and Exchange Commission. The fund now owns 4,640,303 shares of the financial services provider's stock, making it one of Bank of America's larger institutional investors.

Why it matters

Bank of America is one of the largest and most influential banks in the United States, so changes in major institutional investors' holdings can provide insights into market sentiment and expectations around the company's performance.

The details

DNB Asset Management's increased stake in Bank of America comes as the bank has seen its stock price fluctuate in recent quarters amid broader market volatility. The asset manager now owns approximately 0.06% of Bank of America's outstanding shares, worth an estimated $239 million at the end of the reporting period.

  • DNB Asset Management increased its Bank of America holdings during the 3rd quarter of 2026.

The players

DNB Asset Management AS

A Norwegian asset management firm that oversees over $200 billion in client assets.

Bank of America Corporation

One of the largest financial services providers in the United States, offering consumer banking, wealth management, and corporate and investment banking services.

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The takeaway

DNB Asset Management's increased stake in Bank of America suggests the Norwegian firm sees continued growth potential in the U.S. banking giant, even as the stock has faced some market volatility. This reflects broader investor confidence in Bank of America's long-term prospects.