Norges Bank
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Norges Bank’s Ares Management ARES Stock Holding History

Norges Bank’s Portfolio ARES Stock Details ARES Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q2 		$272M Buy
+2,444,674
New +$293M 0.03% 450
2026
Q1 		– Sell
-2,451,063
Closed -$396M – 104
2025
Q4 		$396M Buy
+2,451,063
New +$382M 0.04% 358
2025
Q3 		– Sell
-1,899,017
Closed -$329M – 120
2025
Q2 		$329M Sell
1,899,017
-230,628
-11% -$36.5M 0.04% 358
2025
Q1 		$312M Sell
2,129,645
-24,595
-1% -$4.25M 0.04% 347
2024
Q4 		$381M Sell
2,154,240
-192,349
-8% -$32.8M 0.05% 329
2024
Q3 		$366M Buy
2,346,589
+23,711
+1% +$3.44M 0.05% 327
2024
Q2 		$310M Buy
2,322,878
+136,538
+6% +$18.6M 0.05% 334
2024
Q1 		$291M Buy
2,186,340
+458,300
+27% +$58.5M 0.05% 347
2023
Q4 		$205M Buy
1,728,040
+98,481
+6% +$10.7M 0.04% 408
2023
Q3 		$168M Buy
1,629,559
+43,787
+3% +$4.43M 0.03% 415
2023
Q2 		$153M Buy
1,585,772
+260,760
+20% +$22.5M 0.03% 458
2023
Q1 		$111M Sell
1,325,012
-249,753
-16% -$19.9M 0.02% 519
2022
Q4 		$108M Buy
1,574,765
+30,737
+2% +$2.22M 0.03% 518
2022
Q3 		$95.7M Buy
1,544,028
+132,500
+9% +$9.26M 0.03% 526
2022
Q2 		$80.3M Buy
1,411,528
+154,534
+12% +$10.7M 0.02% 585
2022
Q1 		$102M Sell
1,256,994
-1,386
-0.1% -$106K 0.02% 576
2021
Q4 		$102M Buy
1,258,380
+25,815
+2% +$2.1M 0.02% 603
2021
Q3 		$91M Buy
1,232,565
+119,850
+11% +$8.63M 0.02% 652
2021
Q2 		$70.8M Buy
1,112,715
+120,045
+12% +$6.71M 0.02% 781
2021
Q1 		$55.6M Sell
992,670
-17,765
-2% -$894K 0.01% 907
2020
Q4 		$47.5M Buy
1,010,435
+109,410
+12% +$4.95M 0.01% 1007
2020
Q3 		$36.4M Hold
901,025
– – 0.01% 1020
2020
Q2 		$35.8M Buy
901,025
+105,585
+13% +$3.73M 0.01% 1071
2020
Q1 		$24.6M Buy
+795,440
New +$27.8M 0.01% 1108

Other funds holding ARES

BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
SMFG
Sumitomo Mitsui Financial Group Tokyo, Japan $5.27B AUM 2.94% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return
Vanguard Portfolio Management
Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM
Capital World Investors
Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return
Wellington Management Group
Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
Charles Schwab
Charles Schwab San Francisco, California $751B AUM 38.74% 1-Year Est. Return
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $181B AUM 41.77% 1-Year Est. Return

Norges Bank's ARES Position: Q2 2026 in Review

Norges Bank opened a new position in Ares Management (ARES) in Q2 2026: 2,444,674 shares worth $272M. The stake represents 0.03% of the portfolio and ranks #450 among its holdings. This is a return to the name: Norges Bank previously reported a position in ARES as recently as Q4 2025.

Norges Bank first reported a position in ARES in Q1 2020 and has held it in 24 quarters since. The position peaked at $396M in Q4 2025. 805 funds tracked by Wall St. Rank hold ARES as of Q2 2026.

  • Norges Bank held 2,444,674 shares of Ares Management worth $272M as of Q2 2026.
  • Ares Management was a new Norges Bank position in Q2 2026.
  • Ares Management made up 0.03% of Norges Bank's portfolio in Q2 2026, its #450 holding.
  • Norges Bank first reported a position in Ares Management in Q1 2020 and has held it in 24 quarters since.
  • Norges Bank's Ares Management position peaked at $396M in Q4 2025.
  • 805 funds tracked by Wall St. Rank held Ares Management as of Q2 2026.

Based on Norges Bank's 13F filing for Q2 2026, filed 12 Aug 2026.