Norges Bank’s American Express AXP Stock Holding History

Norges Bank’s Portfolio AXP Stock Details AXP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-6,660,940	Closed	-$2.46B	–	143
2025 Q4	$2.46B	Buy	+6,660,940	New	+$2.38B	0.26%	65
2025 Q3	–	Sell	-5,948,131	Closed	-$1.9B	–	161
2025 Q2	$1.9B	Buy	5,948,131 +21,955	+0.4%	+$6.18M	0.24%	75
2025 Q1	$1.59B	Sell	5,926,176 -91,100	-2%	-$26.9M	0.22%	84
2024 Q4	$1.79B	Sell	6,017,276 -610,567	-9%	-$175M	0.23%	71
2024 Q3	$1.8B	Buy	6,627,843 +261,023	+4%	+$65M	0.25%	72
2024 Q2	$1.47B	Buy	6,366,820 +406,987	+7%	+$94.3M	0.22%	79
2024 Q1	$1.36B	Buy	5,959,833 +20,115	+0.3%	+$4.17M	0.21%	83
2023 Q4	$1.11B	Sell	5,939,718 -705,823	-11%	-$114M	0.19%	99
2023 Q3	$991M	Buy	6,645,541 +12,596	+0.2%	+$2.06M	0.2%	98
2023 Q2	$1.16B	Buy	6,632,945 +130,092	+2%	+$21M	0.23%	82
2023 Q1	$1.07B	Buy	6,502,853 +333,286	+5%	+$55.3M	0.23%	85
2022 Q4	$912M	Buy	6,169,567 +514,548	+9%	+$76.2M	0.22%	95
2022 Q3	$763M	Buy	5,655,019 +31,034	+0.6%	+$4.7M	0.2%	93
2022 Q2	$780M	Sell	5,623,985 -279,895	-5%	-$46.2M	0.2%	93
2022 Q1	$1.1B	Sell	5,903,880 -168,493	-3%	-$30.4M	0.24%	79
2021 Q4	$993M	Buy	6,072,373 +84,091	+1%	+$14.3M	0.2%	95
2021 Q3	$1B	Sell	5,988,282 -33,998	-0.6%	-$5.68M	0.22%	86
2021 Q2	$995M	Sell	6,022,280 -418,502	-6%	-$65.5M	0.22%	84
2021 Q1	$911M	Sell	6,440,782 -311,565	-5%	-$41.2M	0.21%	86
2020 Q4	$816M	Sell	6,752,347 -282,222	-4%	-$31.3M	0.19%	92
2020 Q3	$705M	Sell	7,034,569 -300,487	-4%	-$29.6M	0.19%	100
2020 Q2	$698M	Buy	7,335,056 +657,602	+10%	+$60.5M	0.2%	90
2020 Q1	$572M	Sell	6,677,454 -220,136	-3%	-$25.6M	0.2%	90
2019 Q4	$859M	Buy	6,897,590 +250,870	+4%	+$30M	0.24%	76
2019 Q3	$786M	Sell	6,646,720 -419,912	-6%	-$51.5M	0.24%	80
2019 Q2	$872M	Buy	7,066,632 +134,417	+2%	+$15.8M	0.27%	68
2019 Q1	$758M	Buy	6,932,215 +178,582	+3%	+$18.8M	0.24%	79
2018 Q4	$644M	Sell	6,753,633 -99,000	-1%	-$10.4M	0.24%	83
2018 Q3	$730M	Buy	6,852,633 +384,890	+6%	+$40M	0.24%	79
2018 Q2	$634M	Sell	6,467,743 -134,346	-2%	-$13.2M	0.22%	87
2018 Q1	$616M	Sell	6,602,089 -647,335	-9%	-$62.7M	0.22%	88
2017 Q4	$720M	Sell	7,249,424 -564,632	-7%	-$53.8M	0.26%	72
2017 Q3	$707M	Buy	7,814,056 +359,801	+5%	+$30.9M	0.27%	68
2017 Q2	$628M	Sell	7,454,255 -358,942	-5%	-$28.4M	0.25%	80
2017 Q1	$618M	Sell	7,813,197 -512,998	-6%	-$40.1M	0.25%	72
2016 Q4	$617M	Buy	8,326,195 +657,131	+9%	+$45.5M	0.27%	69
2016 Q3	$469M	Buy	7,669,064 +86,209	+1%	+$5.54M	0.22%	86
2016 Q2	$461M	Buy	7,582,855 +378,756	+5%	+$24M	0.22%	91
2016 Q1	$442M	Sell	7,204,099 -354,677	-5%	-$20.6M	0.22%	92
2015 Q4	$526M	Sell	7,558,776 -537,468	-7%	-$39.1M	0.26%	76
2015 Q3	$600M	Buy	8,096,244 +115,371	+1%	+$8.88M	0.31%	61
2015 Q2	$620M	Buy	7,980,873 +215,199	+3%	+$17.1M	0.31%	57
2015 Q1	$607M	Sell	7,765,674 -42,476	-0.5%	-$3.53M	0.3%	62
2014 Q4	$726M	Sell	7,808,150 -97,136	-1%	-$8.71M	0.37%	51
2014 Q3	$692M	Sell	7,905,286 -7,755,006	-50%	-$698M	0.37%	47
2014 Q2	$1.49B	Buy	15,660,292 +8,503,403	+119%	+$767M	0.4%	47
2014 Q1	$644M	Buy	7,156,889 +416,277	+6%	+$37.2M	0.36%	51
2013 Q4	$612M	Sell	6,740,612 -235,726	-3%	-$19.4M	0.35%	55
2013 Q3	$527M	Sell	6,976,338 -2,742,298	-28%	-$206M	0.31%	63
2013 Q2	$727M	Buy	+9,718,636	New	+$691M	0.45%	37

Other funds holding AXP

Berkshire Hathaway Omaha, Nebraska $263B AUM 16.68% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Fisher Asset Management Camas, Washington $295B AUM 31.6% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Norges Bank's AXP Position: Q1 2026 in Review

Norges Bank sold out of American Express (AXP) in Q1 2026, closing a stake of 6,660,940 shares — an estimated $2.46B sold.

Norges Bank first reported a position in AXP in Q2 2013 and held it in 50 quarters. The position peaked at $2.46B in Q4 2025. 2,888 funds tracked by Wall St. Rank hold AXP as of Q1 2026.

Norges Bank reported no remaining American Express position as of Q1 2026 after selling out during the quarter.
Norges Bank sold 6,660,940 American Express shares in Q1 2026, an estimated $2.46B.
Norges Bank first reported a position in American Express in Q2 2013 and held it in 50 quarters.
Norges Bank's American Express position peaked at $2.46B in Q4 2025.
2,888 funds tracked by Wall St. Rank held American Express as of Q1 2026.

Based on Norges Bank's 13F filing for Q1 2026.