Norges Bank

Norges Bank’s MediaAlpha MAX Stock Holding History

Norges Bank’s Portfolio MAX Stock Details MAX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q1	–	Sell	-281,900	Closed	-$3.18M	–	1804
2024 Q4	$3.18M	Buy	+281,900	New	+$4.06M	﹤0.01%	1614
2023 Q4	–	Sell	-395,030	Closed	-$3.26M	–	1982
2023 Q3	$3.26M	Sell	395,030 -1,204,970	-75%	-$10.8M	﹤0.01%	1763
2023 Q2	$16.5M	Sell	1,600,000 -82,700	-5%	-$748K	﹤0.01%	1332
2023 Q1	$25.2M	Buy	1,682,700 +82,700	+5%	+$1.12M	0.01%	1171
2022 Q4	$15.9M	Hold	1,600,000	–	–	﹤0.01%	1377
2022 Q3	$14M	Hold	1,600,000	–	–	﹤0.01%	1393
2022 Q2	$15.8M	Hold	1,600,000	–	–	﹤0.01%	1357
2022 Q1	$26.5M	Hold	1,600,000	–	–	0.01%	1241
2021 Q4	$24.7M	Buy	+1,600,000	New	+$26.7M	0.01%	1360
2021 Q1	–	Sell	-40,000	Closed	-$1.56M	–	2171
2020 Q4	$1.56M	Buy	+40,000	New	+$1.55M	﹤0.01%	1979

Other funds holding MAX

White Mountains Insurance Group Hanover, New Hampshire $313M AUM 14.8% 1-Year Est. Return

BlackRock New York $5.7T AUM 30.48% 1-Year Est. Return

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

Broad Bay Capital Management New York $972M AUM 65.45% 1-Year Est. Return

Clearline Capital New York $1.29B AUM 38.13% 1-Year Est. Return

TimesSquare Capital Management New York $5.89B AUM 28.74% 1-Year Est. Return

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

Goldman Sachs New York $761B AUM 31.28% 1-Year Est. Return

Geode Capital Management

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

D.E. Shaw & Co New York $127B AUM 43.98% 1-Year Est. Return