Harðgǫrvan lét hjǫrvi
holms verða Týr sverða
vind á víðu sundi
vígþey Heðins meyjar,
áðr an Ormi næði
Eirekr eða hlut meira;
mǫrg óð bitr í blóði
benkneif fyr Ôleifi.
Týr sverða lét vind meyjar Heðins, vígþey, verða harðgǫrvan hjǫrvi á víðu sundi holms, áðr an Eirekr næði Ormi eða meira hlut; mǫrg bitr benkneif óð í blóði fyr Ôleifi.
The Týr <god> of swords [WARRIOR] made the wind of the maiden of Heðinn <legendary hero> [= Hildr > BATTLE], war-breeze [BATTLE], become hard-fought with the sword on the wide sound of the islet, before Eiríkr got Ormr (‘Serpent’) and the better lot; many a biting wound-hook [SWORD] waded in blood before Óláfr.
[2, 3] á víðu sundi holms ‘on the wide sound of the islet’: The vagueness of this, coupled with the fact that Svǫlðr is described both as a body of water and as an island in the other sources (Baetke 1951, 65-99), makes it impossible to know which sund ‘sound, channel’ and holmr ‘islet’ are referred to. Despite this, Finnur Jónsson in Skj B (as also Kock in Skald) capitalises Holms, and in LP: holmr 4 explains Holms sund as referring to the sound of the island of Svǫlðr.