陶氏公司
MX ˙ BMV ˙ US2605571031
SecurityMX:DOW1 / Dow Inc.
InstitutionNorges Bank
Latest Disclosed Ownership9,266,933 shares
Latest Disclosed Value $ 216,660,894
Norges Bank ownership in DOW1 / Dow Inc.

On February 10, 2026 - Norges Bank filed a 13F-HR form disclosing ownership of 9,266,933 shares of Dow Inc. (MX:DOW1) valued at $216,660,894 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 0 shares of Dow 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 DOW COM 260557103 9,266,933 9,266,933 216,661 0.0232
2025-11-13 2025-09-30 13F DOW COM 260557103 0 -6,711,979 -100.00 0 -100.00
2025-08-13 2025-06-30 13F DOW COM 260557103 6,711,979 -223,625 -3.22 177,733 -26.61 0.0222
2026-05-11 2025-03-31 13F/A-1 DOW COM 260557103 6,935,604 -391,213 -5.34 242,191 -17.63 0.0340
2025-02-12 2024-12-31 13F DOW COM 260557103 7,326,817 -892,792 -10.86 294,025 -34.52 0.0386
2025-11-12 2024-09-30 13F/A-1 DOW COM 260557103 8,219,609 40,674 0.50 449,037 3.49 0.0627
2024-08-14 2024-06-30 13F DOW COM 260557103 8,178,935 173,062 2.16 433,893 -6.44 0.0648
2025-05-14 2024-03-31 13F/A-1 DOW COM 260557103 8,005,873 1,494,077 22.94 463,780 29.87 0.0732
2024-02-09 2023-12-31 13F DOW COM 260557103 6,511,796 332,503 5.38 357,107 12.08 0.0624
2024-11-13 2023-09-30 13F/A-1 DOW COM 260557103 6,179,293 88,778 1.46 318,604 -1.78 0.0647
2024-08-14 2023-06-30 13F/A-1 DOW COM 260557103 6,090,515 350,386 6.10 324,381 3.08 0.0640
2024-05-15 2023-03-31 13F/A-1 DOW COM 260557103 5,740,129 315,365 5.81 314,674 15.12 0.0689
2023-02-14 2022-12-31 13F DOW COM 260557103 5,424,764 -58,803 -1.07 273,354 13.47 0.0659
2023-11-13 2022-09-30 13F/A-1 DOW COM 260557103 5,483,567 95,142 1.77 240,893 -13.38 0.0640
2023-08-14 2022-06-30 13F/A-1 DOW COM 260557103 5,388,425 -386,594 -6.69 278,097 -24.43 0.0719
2023-05-12 2022-03-31 13F/A-1 DOW COM 260557103 5,775,019 -1,795,456 -23.72 367,984 -14.30 0.0802
2022-03-09 2021-12-31 13F/A-1 DOW COM 260557103 7,570,475 -1,332,397 -14.97 429,397 -16.21 0.0883
2022-11-14 2021-09-30 13F/A-1 DOW COM 260557103 8,902,872 1,285,106 16.87 512,449 6.31 0.1134
2022-08-15 2021-06-30 13F/A-1 DOW COM 260557103 7,617,766 258,870 3.52 482,052 2.45 0.1045
2022-05-09 2021-03-31 13F/A-1 DOW COM 260557103 7,358,896 112,725 1.56 470,528 17.00 0.1077
2021-03-02 2020-12-31 13F/A-1 DOW COM 260557103 7,246,171 -4,407 -0.06 402,162 17.89 0.0939
2021-11-12 2020-09-30 13F/A-1 DOW COM 260557103 7,250,578 -189,908 -2.55 341,140 12.49 0.0906
2021-08-13 2020-06-30 13F/A-1 DOW COM 260557103 7,440,486 235,718 3.27 303,274 43.96 0.0873
2021-05-07 2020-03-31 13F/A-1 DOW COM 260557103 7,204,768 -218,009 -2.94 210,667 -48.14 0.0751
2020-03-03 2019-12-31 13F/A-1 DOW COM 260557103 7,422,777 0 0.00 406,249 14.86 0.1134
2020-11-13 2019-09-30 13F/A-1 DOW COM 260557103 7,422,777 144,593 1.99 353,695 -1.45 0.1083
2020-08-13 2019-06-30 13F/A-1 DOW COM 260557103 7,278,184 -10,026,020 -57.94 358,887 -61.10 0.1109
2020-05-11 2019-03-31 13F/A-2 DOWDUPONT COM 26078J100 17,304,204 -2,771,089 -13.80 922,486 -14.08 0.2980
2019-03-04 2018-12-31 13F/A-1 DOWDUPONT COM 26078J100 20,075,293 3,494,995 21.08 1,073,626 0.69 0.3994
2019-12-02 2018-09-30 13F/A-3 DOWDUPONT COM 26078J100 16,580,298 787,796 4.99 1,066,280 2.42 0.3463
2019-12-02 2018-09-30 13F/A-2 DOWDUPONT COM 26078J100 16,580,298 787,796 1,066,280 0.3463
2019-11-12 2018-09-30 13F/A-1 DOWDUPONT COM 26078J100 16,580,298 787,796 1,066,280 0.3463
2019-08-12 2018-06-30 13F/A-1 DOWDUPONT COM 26078J100 15,792,502 -1,855,391 -10.51 1,041,042 -7.41 0.3574
2019-05-15 2018-03-31 13F/A-2 DOWDUPONT COM 26078J100 17,647,893 -900,648 -4.86 1,124,347 -14.89 0.4068
2018-03-05 2017-12-31 13F/A-1 DOWDUPONT COM 26078J100 18,548,541 579,566 3.23 1,321,027 6.19 0.4735
2018-11-13 2017-09-30 13F/A-1 DOWDUPONT COM 26078J100 17,968,975 17,968,975 1,243,991 0.4721
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.