Dell Technologies Inc.
MX ˙ BMV ˙ US24703L2025
SecurityMX:DELLC / Dell Technologies Inc.
InstitutionNorges Bank
Latest Disclosed Ownership4,824,824 shares
Latest Disclosed Value $ 607,348,845
Norges Bank ownership in DELLC / Dell Technologies Inc.

On February 10, 2026 - Norges Bank filed a 13F-HR form disclosing ownership of 4,824,824 shares of Dell Technologies Inc. (MX:DELLC) valued at $607,348,845 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 0 shares of Dell Technologies Inc..

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-10 2025-12-31 13F DELL TECHNOLOGIES CL C 24703L202 4,824,824 4,824,824 607,349 0.0650
2025-11-13 2025-09-30 13F DELL TECHNOLOGIES CL C 24703L202 0 -4,308,968 -100.00 0 -100.00
2025-08-13 2025-06-30 13F DELL TECHNOLOGIES CL C 24703L202 4,308,968 694,078 19.20 528,279 60.33 0.0659
2026-05-11 2025-03-31 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 3,614,890 -333,646 -8.45 329,497 -27.59 0.0462
2025-02-12 2024-12-31 13F DELL TECHNOLOGIES CL C 24703L202 3,948,536 282,770 7.71 455,029 4.72 0.0597
2025-11-12 2024-09-30 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 3,665,766 3,407,486 1,319.30 434,540 1,119.96 0.0607
2024-08-14 2024-06-30 13F DELL TECHNOLOGIES CL C 24703L202 258,280 153,986 147.65 35,619 199.32 0.0053
2025-05-14 2024-03-31 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 104,294 -11,946 -10.28 11,901 33.83 0.0019
2024-02-09 2023-12-31 13F DELL TECHNOLOGIES CL C 24703L202 116,240 -157,519 -57.54 8,892 -52.86 0.0016
2024-11-13 2023-09-30 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 273,759 -188,684 -40.80 18,862 -24.62 0.0038
2024-08-14 2023-06-30 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 462,443 -2,257,070 -83.00 25,023 -77.12 0.0049
2024-05-15 2023-03-31 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 2,719,513 -42,800 -1.55 109,352 -1.57 0.0239
2023-02-14 2022-12-31 13F DELL TECHNOLOGIES CL C 24703L202 2,762,313 196,221 7.65 111,100 26.71 0.0268
2023-11-13 2022-09-30 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 2,566,092 -233,038 -8.33 87,683 -32.21 0.0233
2023-08-14 2022-06-30 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 2,799,130 17,159 0.62 129,348 -7.36 0.0334
2023-05-12 2022-03-31 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 2,781,971 38,432 1.40 139,627 -9.39 0.0304
2022-03-09 2021-12-31 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 2,743,539 64,357 2.40 154,105 -44.71 0.0317
2022-11-14 2021-09-30 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 2,679,182 -115,062 -4.12 278,742 0.09 0.0617
2022-08-15 2021-06-30 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 2,794,244 18,832 0.68 278,502 13.84 0.0604
2022-05-09 2021-03-31 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 2,775,412 116,413 4.38 244,653 25.54 0.0560
2021-03-02 2020-12-31 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 2,658,999 244,992 10.15 194,878 19.26 0.0455
2021-11-12 2020-09-30 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 2,414,007 767,098 46.58 163,404 80.59 0.0434
2021-08-13 2020-06-30 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 1,646,909 18,233 1.12 90,481 40.47 0.0260
2021-05-07 2020-03-31 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 1,628,676 0 0.00 64,414 -23.04 0.0230
2020-03-03 2019-12-31 13F/A-1 DELL TECHNOLOGIES CL C 24703L202 1,628,676 0 0.00 83,698 -0.91 0.0234
2020-11-13 2019-09-30 13F/A-1 DELL TECHNOLOGIES -C CL C 24703L202 1,628,676 0 0.00 84,463 2.09 0.0259
2020-08-13 2019-06-30 13F/A-1 DELL TECHNOLOGIES -C CL C 24703L202 1,628,676 167,478 11.46 82,736 -3.52 0.0256
2020-05-11 2019-03-31 13F/A-2 DELL TECHNOLOGIES -C CL C 24703L202 1,461,198 18,656 1.29 85,757 21.65 0.0277
2019-03-04 2018-12-31 13F/A-1 DELL TECHNOLOGIES -C CL C 24703L202 1,442,542 -831,437 -36.56 70,497 -68.08 0.0262
2019-12-02 2018-09-30 13F/A-3 DELL TECHNOLOGIES INC-CL V COM CL V 24703L103 2,273,979 -637,968 -21.91 220,849 -10.33 0.0717
2019-12-02 2018-09-30 13F/A-2 DELL TECHNOLOGIES INC-CL V COM CL V 24703L103 2,273,979 -637,968 220,849 0.0717
2019-11-12 2018-09-30 13F/A-1 DELL TECHNOLOGIES INC-CL V COM CL V 24703L103 2,273,979 -637,968 220,849 0.0717
2019-08-12 2018-06-30 13F/A-1 DELL TECHNOLOGIES INC-CL V COM CL V 24703L103 2,911,947 -16,581 -0.57 246,293 14.88 0.0845
2019-05-15 2018-03-31 13F/A-2 DELL TECHNOLOGIES INC-CL V COM CL V 24703L103 2,928,528 390,569 15.39 214,397 3.93 0.0776
2018-03-05 2017-12-31 13F/A-1 DELL TECHNOLOGIES INC-CL V COM CL V 24703L103 2,537,959 -39,474 -1.53 206,285 3.66 0.0739
2018-11-13 2017-09-30 13F/A-1 DELL TECHNOLOGIES INC-CL V COM CL V 24703L103 2,577,433 -91,797 -3.44 199,003 22.00 0.0755
2018-07-24 2017-06-30 13F/A-1 DELL TECHNOLOGIES INC-CL V COM CL V 24703L103 2,669,230 383,378 16.77 163,116 11.36 0.0648
2018-05-11 2017-03-31 13F/A-1 DELL TECHNOLOGIES INC-CL V COM CL V 24703L103 2,285,852 260,286 12.85 146,478 31.55 0.0601
2017-03-02 2016-12-31 13F/A-1 DELL TECHNOLOGIES INC-CL V COM CL V 24703L103 2,025,566 30,796 1.54 111,345 22.26 0.0487
2017-11-13 2016-09-30 13F/A-1 DELL TECHNOLOGIES INC-CL V COM CL V 24703L103 1,994,770 1,994,770 91,070 0.0430
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.