Norway Savings Bank Investment Activity Analysis - Q3 2026 Portfolio Changes
A detailed look at Norway Savings Bank's portfolio adjustments during Q3 2026, highlighting key holdings like KLA-Tencor Corp. (KLAC) and their strategic shifts.
As of June 30th, 2026, Norway Savings Bank's portfolio reflects significant changes during the Q3 period. The bank's holdings show a mix of substantial increases in certain stocks and reductions or exits from others.
Several notable purchases occurred this quarter, primarily concentrated within specific sectors. KLA-Tencor Corp., symbolized by KLAC, represents one of the largest additions to the portfolio with an 838% increase in shares (KLAC). Similarly, the bank significantly boosted its position in Intel Inc. (INTC) and Netflix Inc. (NFLX). Other additions include McCormick & Co. (MKC), Palo Alto Networks Inc. (PANW), Broadcom Inc. (AVGO), and iShares Core Dividend Growth ETF (DGRO).
In contrast, the portfolio also saw notable reductions in several major holdings during Q3 2026. Alphabet Inc-CL A (GOOGL) experienced a slight decrease of 1.9% (-$458k). Apple Inc. (AAPL) saw a reduction of 2.7% (-$306k), and Microsoft Corp. (MSFT) decreased by 4.15% (-$536k). Furthermore, the bank reduced its positions in Amazon.com Inc. (AMZN), Advanced Micro Devices Inc. (AMD), and Medallion Financial (CMG) by 6.28%, 3.45%, and 19.23% respectively.
The investor also exited several positions entirely during this period, including Marsh & McLennan Companies Inc. (MMC) and Zscaler Inc. (ZS). These exits signal a strategic shift away from these specific companies.
Overall portfolio adjustments indicate activity across various sectors, including Technology, Financial Services, Consumer Cyclical, Healthcare, and others. The bank's Technology sector allocation saw changes due to both increased positions in Intel (INTC) and Netflix (NFLX), alongside reductions in major tech players like Alphabet (GOOGL), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), AMD, PANW, and NVDA.
In Financial Services, the bank added positions to J.P. Morgan Chase & Co. (JPM) and exited Marsh Inc. (MMC). Other sectors like Consumer Defensive saw additions (DGRO, MDLZ) but also reductions in specific holdings.