DNB Asset Management Cuts United Airlines Stake by Over 60%

DNB Asset Management AS disclosed that it sold 28,781 shares of United Airlines Holdings Inc. during the fourth quarter, reducing its holding by 63.6%. After the sale, the fund retained 16,489 shares of the airline, according to a filing with the U.S. Securities and Exchange Commission.

The transaction represents a substantial reduction in DNB's position in United Airlines, signaling a strategic shift in its investment portfolio.