Norges Bank’s Salesforce CRM Stock Holding History

Norges Bank’s Portfolio CRM Stock Details CRM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-12,015,218	Closed	-$3.18B	–	337
2025 Q4	$3.18B	Buy	+12,015,218	New	+$2.99B	0.34%	43
2025 Q3	–	Sell	-10,363,597	Closed	-$2.83B	–	375
2025 Q2	$2.83B	Sell	10,363,597 -931,630	-8%	-$249M	0.35%	42
2025 Q1	$3.03B	Buy	11,295,227 +527,822	+5%	+$164M	0.43%	36
2024 Q4	$3.6B	Buy	10,767,405 +532,283	+5%	+$170M	0.47%	29
2024 Q3	$2.8B	Buy	10,235,122 +3,345	+0%	+$857K	0.39%	40
2024 Q2	$2.63B	Buy	10,231,777 +75,393	+0.7%	+$20.2M	0.39%	42
2024 Q1	$3.06B	Sell	10,156,384 -341,187	-3%	-$98.4M	0.48%	34
2023 Q4	$2.76B	Sell	10,497,571 -444,631	-4%	-$101M	0.48%	34
2023 Q3	$2.22B	Sell	10,942,202 -318,102	-3%	-$68.7M	0.45%	38
2023 Q2	$2.38B	Buy	11,260,304 +270,466	+2%	+$55.2M	0.47%	36
2023 Q1	$2.2B	Buy	10,989,838 +277,261	+3%	+$46.8M	0.48%	38
2022 Q4	$1.42B	Sell	10,712,577 -671,094	-6%	-$97.9M	0.34%	57
2022 Q3	$1.64B	Sell	11,383,671 -584,410	-5%	-$99.1M	0.44%	42
2022 Q2	$1.98B	Buy	11,968,081 +1,186,277	+11%	+$210M	0.51%	37
2022 Q1	$2.29B	Buy	10,781,804 +200,488	+2%	+$43.1M	0.5%	34
2021 Q4	$2.69B	Buy	10,581,316 +472,173	+5%	+$133M	0.55%	27
2021 Q3	$2.74B	Buy	10,109,143 +146,321	+1%	+$37.2M	0.61%	20
2021 Q2	$2.43B	Sell	9,962,822 -124,005	-1%	-$28.6M	0.53%	24
2021 Q1	$2.14B	Buy	10,086,827 +188,819	+2%	+$42M	0.49%	33
2020 Q4	$2.2B	Buy	9,898,008 +1,070,243	+12%	+$260M	0.51%	32
2020 Q3	$2.22B	Buy	8,827,765 +966,315	+12%	+$212M	0.59%	26
2020 Q2	$1.47B	Sell	7,861,450 -302,314	-4%	-$50.9M	0.42%	45
2020 Q1	$1.18B	Buy	8,163,764 +29,782	+0.4%	+$5.11M	0.42%	46
2019 Q4	$1.32B	Buy	8,133,982 +137,306	+2%	+$21.5M	0.37%	49
2019 Q3	$1.19B	Buy	7,996,676 +1,072,090	+15%	+$163M	0.36%	49
2019 Q2	$1.05B	Sell	6,924,586 -130,406	-2%	-$20.4M	0.32%	58
2019 Q1	$1.12B	Buy	7,054,992 +201,099	+3%	+$31.2M	0.36%	51
2018 Q4	$939M	Sell	6,853,893 -224,298	-3%	-$30.9M	0.35%	54
2018 Q3	$1.13B	Sell	7,078,191 -392,113	-5%	-$58.2M	0.37%	48
2018 Q2	$1.02B	Buy	7,470,304 +167,901	+2%	+$21.4M	0.35%	53
2018 Q1	$849M	Buy	7,302,403 +890,846	+14%	+$102M	0.31%	61
2017 Q4	$655M	Hold	6,411,557	–	–	0.23%	84
2017 Q3	$599M	Buy	6,411,557 +578,530	+10%	+$53.2M	0.23%	92
2017 Q2	$505M	Buy	5,833,027 +98,787	+2%	+$8.6M	0.2%	100
2017 Q1	$473M	Buy	5,734,240 +142,619	+3%	+$11.4M	0.19%	99
2016 Q4	$383M	Buy	5,591,621 +436,296	+8%	+$31.7M	0.17%	118
2016 Q3	$351M	Buy	5,155,325 +128,019	+3%	+$9.98M	0.17%	117
2016 Q2	$399M	Buy	5,027,306 +1,024,203	+26%	+$80.4M	0.19%	107
2016 Q1	$296M	Sell	4,003,103 -167,668	-4%	-$11.5M	0.15%	135
2015 Q4	$327M	Buy	4,170,771 +689,276	+20%	+$53.8M	0.16%	127
2015 Q3	$242M	Buy	3,481,495 +70,350	+2%	+$4.99M	0.13%	161
2015 Q2	$238M	Buy	3,411,145 +56,070	+2%	+$3.99M	0.12%	168
2015 Q1	$224M	Buy	3,355,075 +234,541	+8%	+$14.5M	0.11%	182
2014 Q4	$185M	Buy	3,120,534 +31,032	+1%	+$1.83M	0.09%	208
2014 Q3	$178M	Sell	3,089,502 -3,067,076	-50%	-$173M	0.1%	203
2014 Q2	$358M	Buy	6,156,578 +3,078,289	+100%	+$166M	0.1%	207
2014 Q1	$176M	Buy	3,078,289 +35,874	+1%	+$2.14M	0.1%	201
2013 Q4	$168M	Sell	3,042,415 -190,477	-6%	-$10.2M	0.1%	210
2013 Q3	$168M	Sell	3,232,892 -597,369	-16%	-$27.1M	0.1%	202
2013 Q2	$146M	Buy	+3,830,261	New	+$158M	0.09%	222

Other funds holding CRM

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

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

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

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

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

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Harris Associates Chicago, Illinois $75B AUM 11.27% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return

Norges Bank's CRM Position: Q1 2026 in Review

Norges Bank sold out of Salesforce (CRM) in Q1 2026, closing a stake of 12,015,218 shares — an estimated $3.18B sold.

Norges Bank first reported a position in CRM in Q2 2013 and held it in 50 quarters. The position peaked at $3.6B in Q4 2024. 2,671 funds tracked by Wall St. Rank hold CRM as of Q1 2026.

Norges Bank reported no remaining Salesforce position as of Q1 2026 after selling out during the quarter.
Norges Bank sold 12,015,218 Salesforce shares in Q1 2026, an estimated $3.18B.
Norges Bank first reported a position in Salesforce in Q2 2013 and held it in 50 quarters.
Norges Bank's Salesforce position peaked at $3.6B in Q4 2024.
2,671 funds tracked by Wall St. Rank held Salesforce as of Q1 2026.

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