Incentive AS
OSLO, Q8 · CIK 1665221 · 13F filing filed 2026-02-12
SEC-registered investment adviser since 2015 · corporation
- Assets managed$2.5bn
- Staff6 · 4 in investment roles
- Main clients (by assets)Private funds 67%, Sovereign wealth funds 20%, Companies 14%
- Private funds4 (4 hedge) · $1.7bn gross assets
- Websiteincentive.com
- Form ADV · 2026-05-22SEC adviser record
- Legal entityINCENTIVE AS (NO)
- Kindhedge funds
- Others nearbyOslo, Stockholm
As an employer
- Offices in2 countries
- Private fundshedge 4
Where they work
Offices
From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.
Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.
$71.3m
reported value
-17.2% vs Q3 2025
1positions
100.0%in top 10
0 new
0 added
1 reduced
0 sold out
vs Q3 2025
Holdings, Q4 2025
The small lines show how much was held over the last 4 quarters (adjusted for stock splits).
| Security | Value | Change |
|---|---|---|
| SMURFIT WESTROCK PLC SW | $71.3m100.00% | Reduced -178.9k |