Norges Bank
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Norges Bank’s BCE BCE Stock Holding History

Norges Bank’s Portfolio BCE Stock Details BCE Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		– Sell
-3,848,869
Closed -$91.8M – 164
2025
Q4 		$91.8M Buy
+3,848,869
New +$89.6M 0.01% 792
2025
Q3 		– Sell
-3,664,249
Closed -$81.3M – 185
2025
Q2 		$81.3M Sell
3,664,249
-42,596
-1% -$932K 0.01% 779
2025
Q1 		$85.1M Sell
3,706,845
-79,009
-2% -$1.86M 0.01% 738
2024
Q4 		$87.6M Buy
3,785,854
+38,114
+1% +$1.1M 0.01% 747
2024
Q3 		$130M Buy
3,747,740
+568,006
+18% +$19.4M 0.02% 590
2024
Q2 		$103M Buy
3,179,734
+900,616
+40% +$30M 0.02% 626
2024
Q1 		$77.5M Sell
2,279,118
-206,646
-8% -$7.86M 0.01% 746
2023
Q4 		$97.9M Buy
2,485,764
+60,637
+3% +$2.35M 0.02% 605
2023
Q3 		$92.6M Sell
2,425,127
-459,568
-16% -$19.3M 0.02% 587
2023
Q2 		$132M Buy
2,884,695
+119,237
+4% +$5.55M 0.03% 504
2023
Q1 		$124M Buy
2,765,458
+91,435
+3% +$4.13M 0.03% 487
2022
Q4 		$117M Buy
2,674,023
+174,346
+7% +$7.85M 0.03% 484
2022
Q3 		$105M Buy
2,499,677
+843,897
+51% +$41M 0.03% 497
2022
Q2 		$81.4M Buy
1,655,780
+70,703
+4% +$3.79M 0.02% 582
2022
Q1 		$87.8M Buy
1,585,077
+17,699
+1% +$939K 0.02% 630
2021
Q4 		$81.6M Sell
1,567,378
-286,255
-15% -$14.6M 0.02% 709
2021
Q3 		$92.7M Sell
1,853,633
-45,085
-2% -$2.28M 0.02% 643
2021
Q2 		$93.6M Sell
1,898,718
-173,628
-8% -$8.41M 0.02% 675
2021
Q1 		$93.5M Buy
2,072,346
+123,617
+6% +$5.45M 0.02% 661
2020
Q4 		$83.3M Sell
1,948,729
-957,401
-33% -$41M 0.02% 681
2020
Q3 		$120M Sell
2,906,130
-19,344
-0.7% -$818K 0.03% 473
2020
Q2 		$122M Sell
2,925,474
-50,056
-2% -$2.06M 0.04% 438
2020
Q1 		$122M Sell
2,975,530
-90,032
-3% -$4.04M 0.04% 372
2019
Q4 		$142M Hold
3,065,562
– – 0.04% 416
2019
Q3 		$148M Sell
3,065,562
-16,566
-0.5% -$775K 0.05% 374
2019
Q2 		$141M Hold
3,082,128
– – 0.04% 400
2019
Q1 		$137M Buy
3,082,128
+146,067
+5% +$6.3M 0.04% 390
2018
Q4 		$116M Hold
2,936,061
– – 0.04% 385
2018
Q3 		$119M Buy
2,936,061
+992,118
+51% +$40.9M 0.04% 428
2018
Q2 		$78.7M Sell
1,943,943
-20,826
-1% -$874K 0.03% 585
2018
Q1 		$84.5M Buy
1,964,769
+42,700
+2% +$1.92M 0.03% 545
2017
Q4 		$92.6M Buy
1,922,069
+232,155
+14% +$11.1M 0.03% 503
2017
Q3 		$79M Buy
1,689,914
+478,342
+39% +$22.4M 0.03% 539
2017
Q2 		$54.5M Buy
1,211,572
+302,795
+33% +$13.6M 0.02% 689
2017
Q1 		$40.1M Buy
908,777
+275,847
+44% +$12.2M 0.02% 855
2016
Q4 		$27.4M Sell
632,930
-176,433
-22% -$7.79M 0.01% 1092
2016
Q3 		$35.6M Sell
809,363
-1,617,427
-67% -$76.6M 0.02% 823
2016
Q2 		$114M Sell
2,426,790
-212,737
-8% -$9.86M 0.05% 329
2016
Q1 		$121M Buy
2,639,527
+2,649
+0.1% +$111K 0.06% 306
2015
Q4 		$101M Buy
2,636,878
+1,351,647
+105% +$57M 0.05% 351
2015
Q3 		$52.4M Sell
1,285,231
-460,611
-26% -$18.9M 0.03% 565
2015
Q2 		$74.2M Sell
1,745,842
-67,730
-4% -$2.97M 0.04% 479
2015
Q1 		$76.8M Buy
1,813,572
+302,768
+20% +$13.5M 0.04% 479
2014
Q4 		$69.5M Hold
1,510,804
– – 0.04% 494
2014
Q3 		$64.7M Sell
1,510,804
-468,942
-24% -$21M 0.04% 501
2014
Q2 		$90M Buy
1,979,746
+854,122
+76% +$38.5M 0.02% 675
2014
Q1 		$48.6M Hold
1,125,624
– – 0.03% 593
2013
Q4 		$48.7M Sell
1,125,624
-253,357
-18% -$11M 0.03% 570
2013
Q3 		$59.1M Sell
1,378,981
-249,615
-15% -$10.4M 0.03% 506
2013
Q2 		$66.6M Buy
+1,628,596
New +$73.8M 0.04% 426

Other funds holding BCE

Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $62.4B AUM 23.7% 1-Year Est. Return
CIBC World Market
CIBC World Market Toronto, Ontario, Canada $61.3B AUM 39.33% 1-Year Est. Return
National Bank of Canada
National Bank of Canada Montreal, Quebec, Canada $112B AUM 31.26% 1-Year Est. Return
Bank of Nova Scotia
Bank of Nova Scotia Toronto, Ontario, Canada $57.2B AUM 35.3% 1-Year Est. Return
FDCDDQ
Federation des caisses Desjardins du Quebec Levis, Quebec, Canada $27.8B AUM 31.66% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Two Sigma Investments
Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return

Norges Bank's BCE Position: Q1 2026 in Review

Norges Bank sold out of BCE (BCE) in Q1 2026, closing a stake of 3,848,869 shares — an estimated $91.8M sold.

Norges Bank first reported a position in BCE in Q2 2013 and held it in 50 quarters. The position peaked at $148M in Q3 2019. 404 funds tracked by Wall St. Rank hold BCE as of Q1 2026.

  • Norges Bank reported no remaining BCE position as of Q1 2026 after selling out during the quarter.
  • Norges Bank sold 3,848,869 BCE shares in Q1 2026, an estimated $91.8M.
  • Norges Bank first reported a position in BCE in Q2 2013 and held it in 50 quarters.
  • Norges Bank's BCE position peaked at $148M in Q3 2019.
  • 404 funds tracked by Wall St. Rank held BCE as of Q1 2026.

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