Norges Bank’s Canadian Pacific Kansas City CP Stock Holding History

Norges Bank’s Portfolio CP Stock Details CP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-13,290,852	Closed	-$979M	–	325
2025 Q4	$979M	Buy	+13,290,852	New	+$978M	0.1%	164
2025 Q3	–	Sell	-12,747,532	Closed	-$1.01B	–	363
2025 Q2	$1.01B	Buy	12,747,532 +459,799	+4%	+$35.4M	0.13%	151
2025 Q1	$863M	Sell	12,287,733 -348,592	-3%	-$26.5M	0.12%	165
2024 Q4	$914M	Sell	12,636,325 -376,397	-3%	-$29M	0.12%	154
2024 Q3	$1.11B	Buy	13,012,722 +29,134	+0.2%	+$2.4M	0.16%	128
2024 Q2	$1.02B	Buy	12,983,588 +64,134	+0.5%	+$5.22M	0.15%	126
2024 Q1	$1.14B	Buy	12,919,454 +530,693	+4%	+$44.5M	0.18%	109
2023 Q4	$980M	Sell	12,388,761 -805,095	-6%	-$58.9M	0.17%	121
2023 Q3	$981M	Sell	13,193,856 -1,869,195	-12%	-$148M	0.2%	100
2023 Q2	$1.22B	Sell	15,063,051 -1,158,783	-7%	-$91.5M	0.24%	79
2023 Q1	$1.25B	Buy	16,221,834 +982,049	+6%	+$75.8M	0.27%	68
2022 Q4	$1.14B	Buy	15,239,785 +443,268	+3%	+$33.3M	0.27%	71
2022 Q3	$987M	Buy	14,796,517 +1,397,106	+10%	+$105M	0.26%	74
2022 Q2	$936M	Buy	13,399,411 +1,486,656	+12%	+$108M	0.24%	75
2022 Q1	$983M	Buy	11,912,755 +2,573,435	+28%	+$194M	0.21%	89
2021 Q4	$672M	Buy	9,339,320 +2,329,096	+33%	+$170M	0.14%	140
2021 Q3	$457M	Sell	7,010,224 -500,105	-7%	-$35.6M	0.1%	195
2021 Q2	$578M	Sell	7,510,329 -435,121	-5%	-$33.7M	0.13%	162
2021 Q1	$605M	Sell	7,945,450 -438,655	-5%	-$31.6M	0.14%	144
2020 Q4	$581M	Buy	8,384,105 +585,075	+8%	+$38.1M	0.14%	147
2020 Q3	$411M	Buy	7,799,030 +992,220	+15%	+$56.6M	0.11%	167
2020 Q2	$304M	Sell	6,806,810 -90,015	-1%	-$4.27M	0.09%	210
2020 Q1	$263M	Sell	6,896,825 -215,005	-3%	-$10.6M	0.09%	197
2019 Q4	$325M	Sell	7,111,830 -197,080	-3%	-$9.24M	0.09%	208
2019 Q3	$325M	Sell	7,308,910 -361,175	-5%	-$17M	0.1%	202
2019 Q2	$362M	Sell	7,670,085 -206,675	-3%	-$9.23M	0.11%	178
2019 Q1	$325M	Sell	7,876,760 -403,935	-5%	-$16.2M	0.1%	187
2018 Q4	$294M	Sell	8,280,695 -47,620	-0.6%	-$1.9M	0.11%	183
2018 Q3	$352M	Hold	8,328,315	–	–	0.11%	170
2018 Q2	$305M	Buy	8,328,315 +1,324,945	+19%	+$48.7M	0.1%	195
2018 Q1	$247M	Sell	7,003,370 -360,420	-5%	-$13M	0.09%	232
2017 Q4	$270M	Buy	7,363,790 +228,975	+3%	+$7.98M	0.1%	216
2017 Q3	$239M	Hold	7,134,815	–	–	0.09%	222
2017 Q2	$229M	Sell	7,134,815 -843,865	-11%	-$26.2M	0.09%	230
2017 Q1	$234M	Sell	7,978,680 -367,910	-4%	-$10.9M	0.1%	217
2016 Q4	$238M	Buy	8,346,590 +438,780	+6%	+$13M	0.1%	196
2016 Q3	$230M	Buy	7,907,810 +1,304,655	+20%	+$38.3M	0.11%	188
2016 Q2	$169M	Buy	6,603,155 +385,115	+6%	+$10.4M	0.08%	245
2016 Q1	$166M	Sell	6,218,040 -312,140	-5%	-$7.61M	0.08%	228
2015 Q4	$166M	Sell	6,530,180 -2,225,065	-25%	-$62.5M	0.08%	231
2015 Q3	$250M	Sell	8,755,245 -35,440	-0.4%	-$1.07M	0.13%	150
2015 Q2	$282M	Buy	8,790,685 +252,675	+3%	+$9.02M	0.14%	144
2015 Q1	$313M	Sell	8,538,010 -76,735	-0.9%	-$2.83M	0.15%	130
2014 Q4	$333M	Sell	8,614,745 -275,000	-3%	-$10.9M	0.17%	120
2014 Q3	$370M	Sell	8,889,745 -8,889,745	-50%	-$348M	0.2%	99
2014 Q2	$645M	Buy	17,779,490 +8,169,745	+85%	+$268M	0.17%	117
2014 Q1	$288M	Buy	9,609,745 +49,445	+0.5%	+$1.5M	0.16%	129
2013 Q4	$289M	Buy	9,560,300 +500,000	+6%	+$14.4M	0.17%	125
2013 Q3	$224M	Buy	9,060,300 +1,752,995	+24%	+$43.3M	0.13%	152
2013 Q2	$177M	Buy	+7,307,305	New	+$184M	0.11%	187

Other funds holding CP

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

TCI Fund Management London, United Kingdom $45.2B AUM 12.74% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

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

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

TD Asset Management Toronto, Ontario, Canada $123B AUM 34.51% 1-Year Est. Return

WCM Investment Management Laguna Beach, California $43.8B AUM 42.28% 1-Year Est. Return

Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return

Norges Bank's CP Position: Q1 2026 in Review

Norges Bank sold out of Canadian Pacific Kansas City (CP) in Q1 2026, closing a stake of 13,290,852 shares — an estimated $979M sold.

Norges Bank first reported a position in CP in Q2 2013 and held it in 50 quarters. The position peaked at $1.25B in Q1 2023. 950 funds tracked by Wall St. Rank hold CP as of Q1 2026.

Norges Bank reported no remaining Canadian Pacific Kansas City position as of Q1 2026 after selling out during the quarter.
Norges Bank sold 13,290,852 Canadian Pacific Kansas City shares in Q1 2026, an estimated $979M.
Norges Bank first reported a position in Canadian Pacific Kansas City in Q2 2013 and held it in 50 quarters.
Norges Bank's Canadian Pacific Kansas City position peaked at $1.25B in Q1 2023.
950 funds tracked by Wall St. Rank held Canadian Pacific Kansas City as of Q1 2026.

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