Norges Bank’s Caterpillar CAT Stock Holding History

Norges Bank’s Portfolio CAT Stock Details CAT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-5,579,193	Closed	-$2.17B	–	276
2025 Q2	$2.17B	Sell	5,579,193 -80,179	-1%	-$26.7M	0.27%	65
2025 Q1	$1.87B	Sell	5,659,372 -362,140	-6%	-$129M	0.26%	70
2024 Q4	$2.18B	Sell	6,021,512 -97,343	-2%	-$37.8M	0.29%	58
2024 Q3	$2.39B	Buy	6,118,855 +203,731	+3%	+$70.4M	0.33%	50
2024 Q2	$1.97B	Sell	5,915,124 -27,613	-0.5%	-$9.57M	0.29%	56
2024 Q1	$2.18B	Buy	5,942,737 +326,477	+6%	+$104M	0.34%	50
2023 Q4	$1.66B	Buy	5,616,260 +220,617	+4%	+$57.2M	0.29%	60
2023 Q3	$1.47B	Buy	5,395,643 +196,083	+4%	+$53.2M	0.3%	58
2023 Q2	$1.28B	Buy	5,199,560 +25,894	+0.5%	+$5.77M	0.25%	70
2023 Q1	$1.18B	Buy	5,173,666 +267,776	+5%	+$64.7M	0.26%	72
2022 Q4	$1.18B	Buy	4,905,890 +129,894	+3%	+$28.3M	0.28%	69
2022 Q3	$784M	Buy	4,775,996 +22,403	+0.5%	+$4.09M	0.21%	92
2022 Q2	$850M	Sell	4,753,593 -244,643	-5%	-$51.6M	0.22%	86
2022 Q1	$1.11B	Sell	4,998,236 -337,067	-6%	-$70.7M	0.24%	78
2021 Q4	$1.1B	Sell	5,335,303 -634	-0%	-$128K	0.23%	85
2021 Q3	$1.02B	Buy	5,335,937 +295,539	+6%	+$61.5M	0.23%	85
2021 Q2	$1.1B	Sell	5,040,398 -203,306	-4%	-$47M	0.24%	79
2021 Q1	$1.22B	Buy	5,243,704 +417,235	+9%	+$86.4M	0.28%	70
2020 Q4	$879M	Sell	4,826,469 -118,993	-2%	-$20.2M	0.21%	86
2020 Q3	$738M	Buy	4,945,462 +371,855	+8%	+$52.2M	0.2%	90
2020 Q2	$579M	Sell	4,573,607 -321,310	-7%	-$38.1M	0.17%	112
2020 Q1	$568M	Sell	4,894,917 -212,724	-4%	-$27.2M	0.2%	92
2019 Q4	$754M	Buy	5,107,641 +295,453	+6%	+$41.2M	0.21%	89
2019 Q3	$608M	Sell	4,812,188 -839,430	-15%	-$107M	0.19%	103
2019 Q2	$770M	Sell	5,651,618 -200,000	-3%	-$26.4M	0.24%	76
2019 Q1	$793M	Buy	5,851,618 +76,388	+1%	+$10.1M	0.26%	73
2018 Q4	$734M	Buy	5,775,230 +590,000	+11%	+$76.8M	0.27%	74
2018 Q3	$791M	Buy	5,185,230 +26,316	+0.5%	+$3.72M	0.26%	72
2018 Q2	$700M	Buy	5,158,914 +201,753	+4%	+$30.1M	0.24%	77
2018 Q1	$731M	Sell	4,957,161 -130,173	-3%	-$20.6M	0.26%	72
2017 Q4	$802M	Buy	5,087,334 +560,000	+12%	+$77.7M	0.29%	60
2017 Q3	$565M	Sell	4,527,334 -37,128	-0.8%	-$4.28M	0.21%	97
2017 Q2	$490M	Buy	4,564,462 +19,990	+0.4%	+$2.03M	0.19%	104
2017 Q1	$422M	Buy	4,544,472 +76,494	+2%	+$7.24M	0.17%	118
2016 Q4	$414M	Sell	4,467,978 -322,578	-7%	-$29.2M	0.18%	110
2016 Q3	$406M	Buy	4,790,556 +625,619	+15%	+$51.2M	0.19%	108
2016 Q2	$316M	Buy	4,164,937 +393,382	+10%	+$29.5M	0.15%	135
2016 Q1	$289M	Buy	3,771,555 +1,226,744	+48%	+$82.3M	0.14%	140
2015 Q4	$173M	Sell	2,544,811 -672,218	-21%	-$47M	0.09%	226
2015 Q3	$210M	Buy	3,217,029 +508,147	+19%	+$38.9M	0.11%	179
2015 Q2	$230M	Sell	2,708,882 -102,439	-4%	-$8.81M	0.11%	174
2015 Q1	$225M	Sell	2,811,321 -404,470	-13%	-$33.6M	0.11%	180
2014 Q4	$294M	Sell	3,215,791 -310,064	-9%	-$30.2M	0.15%	130
2014 Q3	$349M	Sell	3,525,855 -2,491,479	-41%	-$264M	0.19%	106
2014 Q2	$654M	Buy	6,017,334 +2,670,443	+80%	+$280M	0.18%	114
2014 Q1	$333M	Sell	3,346,891 -552,330	-14%	-$52.1M	0.19%	108
2013 Q4	$354M	Sell	3,899,221 -898,235	-19%	-$76.7M	0.2%	100
2013 Q3	$400M	Sell	4,797,456 -646,978	-12%	-$54.7M	0.23%	85
2013 Q2	$449M	Buy	+5,444,434	New	+$463M	0.28%	66

Other funds holding CAT

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

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

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

State Farm Mutual Automobile Insurance Bloomington, Illinois $127B AUM 32.55% 1-Year Est. Return

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

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

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

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

Gates Foundation Trust Kirkland, Washington $31.7B AUM 20.52% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Norges Bank's CAT Position: Q3 2025 in Review

Norges Bank sold out of Caterpillar (CAT) in Q3 2025, closing a stake of 5,579,193 shares — an estimated $2.17B sold.

Norges Bank first reported a position in CAT in Q2 2013 and held it in 49 quarters. The position peaked at $2.39B in Q3 2024. 3,143 funds tracked by Wall St. Rank hold CAT as of Q3 2025.

Norges Bank reported no remaining Caterpillar position as of Q3 2025 after selling out during the quarter.
Norges Bank sold 5,579,193 Caterpillar shares in Q3 2025, an estimated $2.17B.
Norges Bank first reported a position in Caterpillar in Q2 2013 and held it in 49 quarters.
Norges Bank's Caterpillar position peaked at $2.39B in Q3 2024.
3,143 funds tracked by Wall St. Rank held Caterpillar as of Q3 2025.

Based on Norges Bank's 13F filing for Q3 2025.