Norges Bank’s COVANCE INC. CVD Stock Holding History

Norges Bank’s Portfolio CVD Stock Details CVD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-465,771	Closed	-$48.4M	–	2374
2014 Q4	$48.4M	Buy	465,771 +400	+0.1%	+$37.5K	0.02%	659
2014 Q3	$36.6M	Sell	465,371 -441,533	-49%	-$37.5M	0.02%	772
2014 Q2	$77.6M	Buy	906,904 +453,452	+100%	+$40.4M	0.02%	747
2014 Q1	$47.1M	Hold	453,452	–	–	0.03%	607
2013 Q4	$39.9M	Sell	453,452 -11,678	-3%	-$1.01M	0.02%	670
2013 Q3	$40.2M	Hold	465,130	–	–	0.02%	679
2013 Q2	$35.4M	Buy	+465,130	New	+$34.8M	0.02%	692

Other funds holding CVD

California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return

Burney Company Reston, Virginia $3.71B AUM 37.66% 1-Year Est. Return

Norges Bank's CVD Position: Q1 2015 in Review

Norges Bank sold out of COVANCE INC. (CVD) in Q1 2015, closing a stake of 465,771 shares — an estimated $48.4M sold.

Norges Bank first reported a position in CVD in Q2 2013 and held it in 7 quarters. The position peaked at $77.6M in Q2 2014. 2 funds tracked by Wall St. Rank hold CVD as of Q1 2015.

Norges Bank reported no remaining COVANCE INC. position as of Q1 2015 after selling out during the quarter.
Norges Bank sold 465,771 COVANCE INC. shares in Q1 2015, an estimated $48.4M.
Norges Bank first reported a position in COVANCE INC. in Q2 2013 and held it in 7 quarters.
Norges Bank's COVANCE INC. position peaked at $77.6M in Q2 2014.
2 funds tracked by Wall St. Rank held COVANCE INC. as of Q1 2015.

Based on Norges Bank's 13F filing for Q1 2015, filed 11 May 2015.