Advanced Drainage Systems, Inc.
MX ˙ BMV ˙ US00790R1041
SecurityMX:WMS / Advanced Drainage Systems, Inc.
InstitutionNorges Bank
Latest Disclosed Ownership1,081,179 shares
Latest Disclosed Value $ 156,587,155
Norges Bank ownership in WMS / Advanced Drainage Systems, Inc.

On February 10, 2026 - Norges Bank filed a 13F-HR form disclosing ownership of 1,081,179 shares of Advanced Drainage Systems, Inc. (MX:WMS) valued at $156,587,155 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 0 shares of Advanced Drainage Systems, 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 ADVANCED DRAIN SYS INC DEL COM 00790R104 1,081,179 1,081,179 156,587 0.0168
2025-11-13 2025-09-30 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 0 -792,171 -100.00 0 -100.00
2025-08-13 2025-06-30 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 792,171 135,471 20.63 90,989 27.52 0.0114
2026-05-11 2025-03-31 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 656,700 -88,847 -11.92 71,350 -17.21 0.0100
2025-02-12 2024-12-31 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 745,547 8,122 1.10 86,185 -25.63 0.0113
2025-11-12 2024-09-30 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 737,425 40,042 5.74 115,894 3.61 0.0162
2024-08-14 2024-06-30 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 697,383 -85,388 -10.91 111,853 -17.04 0.0167
2025-05-14 2024-03-31 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 782,771 152,510 24.20 134,824 52.10 0.0213
2024-02-09 2023-12-31 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 630,261 208,066 49.28 88,640 84.44 0.0155
2024-11-13 2023-09-30 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 422,195 43,496 11.49 48,058 11.53 0.0098
2024-08-14 2023-06-30 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 378,699 -122,402 -24.43 43,088 2.11 0.0085
2024-05-15 2023-03-31 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 501,101 3,673 0.74 42,198 3.49 0.0092
2023-02-14 2022-12-31 13F ADVANCED DRAIN SYS INC DEL COM 00790R104 497,428 -110,274 -18.15 40,774 -46.05 0.0098
2023-11-13 2022-09-30 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 607,702 41,116 7.26 75,580 48.10 0.0201
2023-08-14 2022-06-30 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 566,586 -91 -0.02 51,032 -24.20 0.0132
2023-05-12 2022-03-31 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 566,677 8,150 1.46 67,327 -11.45 0.0147
2022-03-09 2021-12-31 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 558,527 38,264 7.35 76,032 35.10 0.0156
2022-11-14 2021-09-30 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 520,263 1,612 0.31 56,277 -6.92 0.0125
2022-08-15 2021-06-30 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 518,651 -174,880 -25.22 60,459 -15.68 0.0131
2022-05-09 2021-03-31 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 693,531 -18,822 -2.64 71,704 20.43 0.0164
2021-03-02 2020-12-31 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 712,353 27,626 4.03 59,538 39.26 0.0139
2021-11-12 2020-09-30 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 684,727 -171,284 -20.01 42,754 1.10 0.0114
2021-08-13 2020-06-30 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 856,011 -26,728 -3.03 42,287 62.72 0.0122
2021-05-07 2020-03-31 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 882,739 0 0.00 25,988 -24.20 0.0093
2020-03-03 2019-12-31 13F/A-1 ADVANCED DRAIN SYS INC DEL COM 00790R104 882,739 0 0.00 34,286 20.36 0.0096
2020-11-13 2019-09-30 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 882,739 70,000 8.61 28,486 6.89 0.0087
2020-08-13 2019-06-30 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 812,739 -36,114 -4.25 26,650 21.83 0.0082
2020-05-11 2019-03-31 13F/A-2 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 848,853 -157,059 -15.61 21,875 -10.32 0.0071
2019-03-04 2018-12-31 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 1,005,912 -39,635 -3.79 24,393 -24.50 0.0091
2019-12-02 2018-09-30 13F/A-3 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 1,045,547 0 0.00 32,307 8.23 0.0105
2019-12-02 2018-09-30 13F/A-2 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 1,045,547 0 32,307 0.0105
2019-11-12 2018-09-30 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 1,045,547 0 32,307 0.0105
2019-08-12 2018-06-30 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 1,045,547 883,311 544.46 29,850 610.55 0.0102
2019-05-15 2018-03-31 13F/A-2 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 162,236 -119,662 -42.45 4,201 -25.86 0.0015
2018-07-24 2017-06-30 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 281,898 -111,195 -28.29 5,666 -34.19 0.0022
2018-05-11 2017-03-31 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 393,093 -167,991 -29.94 8,609 -25.51 0.0035
2017-03-02 2016-12-31 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 561,084 235,356 72.26 11,558 54.42 0.0051
2017-11-13 2016-09-30 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 325,728 99,445 43.95 7,485 20.86 0.0035
2017-08-09 2016-06-30 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 226,283 0 0.00 6,193 28.49 0.0029
2017-05-10 2016-03-31 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 226,283 -100,189 -30.69 4,820 -38.56 0.0024
2016-04-18 2015-12-31 13F/A-2 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 326,472 229,838 237.84 7,845 180.58 0.0039
2016-03-16 2015-12-31 13F/A-1 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 326,472 0 7,845 0.0039
2016-11-14 2015-09-30 13F/A-2 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 96,634 96,634 2,796 0.0015
2016-04-18 2014-12-31 13F/A-2 ADVANCED DRAINAGE SYSTEMS IN COM 00790R104 0 -428,549 -100.00 0 -100.00
2014-11-14 2013-09-30 13F/A-1 WMS INDUSTRIES COM 929297109 428,549 0 0.00 11,120 1.71 0.0065
2014-08-14 2013-06-30 13F/A-1 WMS INDUSTRIES COM 929297109 428,549 0 0.00 10,933 1.19 0.0068
2014-04-04 2013-03-31 13F/A-1 WMS INDUSTRIES COM 929297109 428,549 -428,549 10,804 0.0072
2014-05-12 2013-03-31 13F/A-2 WMS INDUSTRIES COM 929297109 428,549 -428,549 -50.00 10,804 -29.35 0.0070
2013-11-14 2012-09-30 13F/A-1 WMS INDUSTRIES COM 929297109 857,098 428,549 100.00 15,292 94.23 0.0103
2013-08-15 2012-06-30 13F/A-1 WMS INDUSTRIES COM 929297109 428,549 428,549 7,873 0.0063
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.