Norges Bank
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Norges Bank’s B2Gold BTG Stock Holding History

Norges Bank’s Portfolio BTG Stock Details BTG Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q2 		$55M Buy
+14,673,503
New +$67.3M 0.01% 980
2026
Q1 		– Sell
-16,730,740
Closed -$75.3M – 219
2025
Q4 		$75.3M Buy
+16,730,740
New +$78M 0.01% 868
2025
Q3 		– Sell
-16,738,764
Closed -$60.5M – 250
2025
Q2 		$60.5M Sell
16,738,764
-328,803
-2% -$1.08M 0.01% 870
2025
Q1 		$48.5M Buy
17,067,567
+633,191
+4% +$1.7M 0.01% 954
2024
Q4 		$40.2M Buy
16,434,376
+163,310
+1% +$480K 0.01% 1045
2024
Q3 		$50.3M Hold
16,271,066
– – 0.01% 970
2024
Q2 		$43.7M Buy
16,271,066
+420,289
+3% +$1.13M 0.01% 956
2024
Q1 		$41.6M Hold
15,850,777
– – 0.01% 1027
2023
Q4 		$50.1M Buy
15,850,777
+2,014,927
+15% +$6.36M 0.01% 902
2023
Q3 		$39.7M Buy
13,835,850
+145,701
+1% +$474K 0.01% 944
2023
Q2 		$48.8M Buy
13,690,149
+7,398,993
+118% +$29M 0.01% 861
2023
Q1 		$24.9M Sell
6,291,156
-5,409,496
-46% -$20.1M 0.01% 1180
2022
Q4 		$41.6M Buy
11,700,652
+672,286
+6% +$2.24M 0.01% 883
2022
Q3 		$35.4M Buy
11,028,366
+446,442
+4% +$1.47M 0.01% 924
2022
Q2 		$35.8M Sell
10,581,924
-354,863
-3% -$1.48M 0.01% 942
2022
Q1 		$50.2M Sell
10,936,787
-651,984
-6% -$2.62M 0.01% 882
2021
Q4 		$45.7M Sell
11,588,771
-983,519
-8% -$3.95M 0.01% 987
2021
Q3 		$42.9M Buy
12,572,290
+749,266
+6% +$2.9M 0.01% 1001
2021
Q2 		$49.6M Sell
11,823,024
-162,859
-1% -$795K 0.01% 976
2021
Q1 		$51.6M Sell
11,985,883
-112,485
-0.9% -$549K 0.01% 951
2020
Q4 		$67.8M Sell
12,098,368
-483,735
-4% -$2.95M 0.02% 776
2020
Q3 		$109M Sell
12,582,103
-831,609
-6% -$5.41M 0.03% 507
2020
Q2 		$104M Buy
13,413,712
+1,663,210
+14% +$8.34M 0.03% 483
2020
Q1 		$50.1M Buy
11,750,502
+568,850
+5% +$2.25M 0.02% 700
2019
Q4 		$58.3M Buy
11,181,652
+1,996,120
+22% +$7.04M 0.02% 817
2019
Q3 		$29.9M Buy
9,185,532
+658,760
+8% +$2.22M 0.01% 1212
2019
Q2 		$26M Buy
8,526,772
+363,242
+4% +$994K 0.01% 1338
2019
Q1 		$22.9M Buy
8,163,530
+342,305
+4% +$1.02M 0.01% 1415
2018
Q4 		$22.8M Buy
7,821,225
+1,163,840
+17% +$3.03M 0.01% 1311
2018
Q3 		$15.1M Hold
6,657,385
– – ﹤0.01% 1662
2018
Q2 		$17.3M Sell
6,657,385
-2,959,400
-31% -$8.09M 0.01% 1598
2018
Q1 		$26.3M Sell
9,616,785
-52,200
-0.5% -$154K 0.01% 1242
2017
Q4 		$29.9M Hold
9,668,985
– – 0.01% 1181
2017
Q3 		$26.6M Buy
9,668,985
+843,284
+10% +$2.23M 0.01% 1259
2017
Q2 		$24.8M Buy
8,825,701
+1,862,300
+27% +$4.91M 0.01% 1249
2017
Q1 		$19.8M Sell
6,963,401
-65,601
-0.9% -$197K 0.01% 1400
2016
Q4 		$16.7M Buy
7,029,002
+150,000
+2% +$373K 0.01% 1435
2016
Q3 		$17.2M Buy
6,879,002
+187,018
+3% +$556K 0.01% 1329
2016
Q2 		$16.7M Buy
6,691,984
+4,004,107
+149% +$8.08M 0.01% 1319
2016
Q1 		$4.49M Hold
2,687,877
– – ﹤0.01% 1872
2015
Q4 		$2.71M Hold
2,687,877
– – ﹤0.01% 1989
2015
Q3 		$2.83M Sell
2,687,877
-563,718
-17% -$685K ﹤0.01% 1985
2015
Q2 		$4.97M Sell
3,251,595
-1,925,736
-37% -$3.12M ﹤0.01% 1895
2015
Q1 		$7.73M Sell
5,177,331
-321,997
-6% -$565K ﹤0.01% 1761
2014
Q4 		$9.02M Buy
5,499,328
+536,659
+11% +$975K ﹤0.01% 1685
2014
Q3 		$10.1M Sell
4,962,669
-4,962,669
-50% -$12.5M 0.01% 1593
2014
Q2 		$29M Buy
9,925,338
+4,962,669
+100% +$13.5M 0.01% 1393
2014
Q1 		$13.5M Hold
4,962,669
– – 0.01% 1386
2013
Q4 		$10.2M Hold
4,962,669
– – 0.01% 1567
2013
Q3 		$12.4M Buy
4,962,669
+911,515
+23% +$2.47M 0.01% 1421
2013
Q2 		$8.6M Buy
+4,051,154
New +$9.01M 0.01% 1568

Other funds holding BTG

VanEck Associates
VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return
PFCS
Pale Fire Capital SE Prague, Czech Republic $1.41B AUM 25.22% 1-Year Est. Return
LC
L1 Capital Melbourne VIC 3000, Australia $2.97B AUM 43.46% 1-Year Est. Return
American Century Companies
American Century Companies Kansas City, Missouri $226B AUM 44.75% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Two Sigma Investments
Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada $52.8B AUM 58.98% 1-Year Est. Return
Millennium Management
Millennium Management New York $276B AUM 44.8% 1-Year Est. Return
D.E. Shaw & Co
D.E. Shaw & Co New York $210B AUM 57.28% 1-Year Est. Return

Norges Bank's BTG Position: Q2 2026 in Review

Norges Bank opened a new position in B2Gold (BTG) in Q2 2026: 14,673,503 shares worth $55M. The stake represents 0.01% of the portfolio and ranks #980 among its holdings. This is a return to the name: Norges Bank previously reported a position in BTG as recently as Q4 2025.

Norges Bank first reported a position in BTG in Q2 2013 and has held it in 51 quarters since. The position peaked at $109M in Q3 2020. 304 funds tracked by Wall St. Rank hold BTG as of Q2 2026.

  • Norges Bank held 14,673,503 shares of B2Gold worth $55M as of Q2 2026.
  • B2Gold was a new Norges Bank position in Q2 2026.
  • B2Gold made up 0.01% of Norges Bank's portfolio in Q2 2026, its #980 holding.
  • Norges Bank first reported a position in B2Gold in Q2 2013 and has held it in 51 quarters since.
  • Norges Bank's B2Gold position peaked at $109M in Q3 2020.
  • 304 funds tracked by Wall St. Rank held B2Gold as of Q2 2026.

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