Norges Bank’s Belden BDC Stock Holding History

Norges Bank’s Portfolio BDC Stock Details BDC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-491,600	Closed	-$57.3M	–	167
2025 Q4	$57.3M	Buy	+491,600	New	+$57.4M	0.01%	972
2025 Q3	–	Sell	-481,898	Closed	-$55.8M	–	189
2025 Q2	$55.8M	Sell	481,898 -9,424	-2%	-$991K	0.01%	905
2025 Q1	$49.3M	Buy	491,322 +10,305	+2%	+$1.14M	0.01%	945
2024 Q4	$54.2M	Buy	481,017 +28,882	+6%	+$3.45M	0.01%	935
2024 Q3	$53M	Sell	452,135 -2,138	-0.5%	-$214K	0.01%	948
2024 Q2	$42.6M	Buy	454,273 +18,102	+4%	+$1.65M	0.01%	965
2024 Q1	$40.4M	Sell	436,171 -22,124	-5%	-$1.8M	0.01%	1038
2023 Q4	$35.4M	Sell	458,295 -10,612	-2%	-$789K	0.01%	1064
2023 Q3	$45.3M	Hold	468,907	–	–	0.01%	886
2023 Q2	$44.9M	Buy	468,907 +7,759	+2%	+$665K	0.01%	913
2023 Q1	$40M	Buy	461,148 +32,467	+8%	+$2.69M	0.01%	942
2022 Q4	$30.8M	Buy	428,681 +173,873	+68%	+$12.6M	0.01%	1058
2022 Q3	$15.3M	Sell	254,808 -64,556	-20%	-$4.11M	﹤0.01%	1343
2022 Q2	$17M	Sell	319,364 -115,238	-27%	-$6.17M	﹤0.01%	1313
2022 Q1	$24.1M	Buy	434,602 +330,019	+316%	+$19M	0.01%	1296
2021 Q4	$6.87M	Sell	104,583 -192,430	-65%	-$12.1M	﹤0.01%	1855
2021 Q3	$17.3M	Sell	297,013 -68,989	-19%	-$3.7M	﹤0.01%	1566
2021 Q2	$18.5M	Sell	366,002 -99,114	-21%	-$4.84M	﹤0.01%	1572
2021 Q1	$20.6M	Sell	465,116 -115,020	-20%	-$5.23M	﹤0.01%	1529
2020 Q4	$24.3M	Sell	580,136 -24,763	-4%	-$915K	0.01%	1454
2020 Q3	$18.8M	Buy	604,899 +19,009	+3%	+$626K	0.01%	1464
2020 Q2	$19.1M	Buy	585,890 +130,978	+29%	+$4.36M	0.01%	1458
2020 Q1	$16.4M	Hold	454,912	–	–	0.01%	1381
2019 Q4	$25M	Hold	454,912	–	–	0.01%	1397
2019 Q3	$24.3M	Hold	454,912	–	–	0.01%	1372
2019 Q2	$27.1M	Hold	454,912	–	–	0.01%	1296
2019 Q1	$24.4M	Buy	454,912 +310,218	+214%	+$17M	0.01%	1365
2018 Q4	$6.04M	Hold	144,694	–	–	﹤0.01%	1886
2018 Q3	$10.3M	Hold	144,694	–	–	﹤0.01%	1814
2018 Q2	$8.84M	Sell	144,694 -148,677	-51%	-$9.11M	﹤0.01%	1836
2018 Q1	$20.2M	Sell	293,371 -213,639	-42%	-$16.4M	0.01%	1430
2017 Q4	$39.1M	Sell	507,010 -87,848	-15%	-$7.26M	0.01%	964
2017 Q3	$47.9M	Buy	594,858 +93,298	+19%	+$7.05M	0.02%	800
2017 Q2	$37.8M	Sell	501,560 -45,705	-8%	-$3.27M	0.02%	943
2017 Q1	$37.9M	Buy	547,265 +108,478	+25%	+$7.98M	0.02%	895
2016 Q4	$32.8M	Buy	438,787 +83,996	+24%	+$5.98M	0.01%	943
2016 Q3	$23.4M	Sell	354,791 -620	-0.2%	-$43.1K	0.01%	1121
2016 Q2	$21.5M	Buy	355,411 +12,400	+4%	+$775K	0.01%	1162
2016 Q1	$21.1M	Buy	343,011 +46,187	+16%	+$2.28M	0.01%	1129
2015 Q4	$14.2M	Hold	296,824	–	–	0.01%	1373
2015 Q3	$13.9M	Hold	296,824	–	–	0.01%	1366
2015 Q2	$24.1M	Buy	296,824 +19,612	+7%	+$1.72M	0.01%	1090
2015 Q1	$25.9M	Sell	277,212 -19,665	-7%	-$1.69M	0.01%	1062
2014 Q4	$23.4M	Hold	296,877	–	–	0.01%	1110
2014 Q3	$19M	Sell	296,877 -386,913	-57%	-$28M	0.01%	1168
2014 Q2	$53.4M	Buy	683,790 +321,895	+89%	+$23.6M	0.01%	983
2014 Q1	$25.2M	Hold	361,895	–	–	0.01%	989
2013 Q4	$25.5M	Sell	361,895 -13,934	-4%	-$942K	0.01%	959
2013 Q3	$24.1M	Hold	375,829	–	–	0.01%	957
2013 Q2	$18.8M	Buy	+375,829	New	+$19.1M	0.01%	1056

Other funds holding BDC

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

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

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

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

Fuller & Thaler Asset Management San Mateo, California $29.7B AUM 43.33% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

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

Norges Bank's BDC Position: Q1 2026 in Review

Norges Bank sold out of Belden (BDC) in Q1 2026, closing a stake of 491,600 shares — an estimated $57.3M sold.

Norges Bank first reported a position in BDC in Q2 2013 and held it in 50 quarters. The position peaked at $57.3M in Q4 2025. 382 funds tracked by Wall St. Rank hold BDC as of Q1 2026.

Norges Bank reported no remaining Belden position as of Q1 2026 after selling out during the quarter.
Norges Bank sold 491,600 Belden shares in Q1 2026, an estimated $57.3M.
Norges Bank first reported a position in Belden in Q2 2013 and held it in 50 quarters.
Norges Bank's Belden position peaked at $57.3M in Q4 2025.
382 funds tracked by Wall St. Rank held Belden as of Q1 2026.

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