Norges Bank’s Microsoft MSFT Stock Holding History

Norges Bank’s Portfolio MSFT Stock Details MSFT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-104,761,241	Closed	-$50.7B	–	875
2025 Q4	$50.7B	Buy	+104,761,241	New	+$52.5B	5.42%	3
2025 Q3	–	Sell	-101,513,194	Closed	-$50.5B	–	976
2025 Q2	$50.5B	Buy	101,513,194 +1,353,998	+1%	+$588M	6.3%	2
2025 Q1	$37.6B	Sell	100,159,196 -5,043,788	-5%	-$2.06B	5.28%	2
2024 Q4	$44.3B	Buy	105,202,984 +6,218,091	+6%	+$2.65B	5.82%	2
2024 Q3	$42.6B	Buy	98,984,893 +1,913,611	+2%	+$818M	5.95%	1
2024 Q2	$43.4B	Buy	97,071,282 +2,988,739	+3%	+$1.26B	6.48%	1
2024 Q1	$39.6B	Sell	94,082,543 -1,439,336	-2%	-$583M	6.25%	1
2023 Q4	$35.9B	Buy	95,521,879 +3,861,637	+4%	+$1.37B	6.28%	1
2023 Q3	$28.9B	Sell	91,660,242 -967,565	-1%	-$320M	5.87%	2
2023 Q2	$31.5B	Buy	92,627,807 +3,314,731	+4%	+$1.04B	6.23%	2
2023 Q1	$25.7B	Buy	89,313,076 +2,996,150	+3%	+$764M	5.64%	2
2022 Q4	$20.7B	Buy	86,316,926 +3,412,059	+4%	+$819M	4.99%	2
2022 Q3	$19.3B	Buy	82,904,867 +2,687,401	+3%	+$710M	5.13%	2
2022 Q2	$20.6B	Buy	80,217,466 +5,999,767	+8%	+$1.63B	5.33%	2
2022 Q1	$22.9B	Buy	74,217,699 +1,661,978	+2%	+$500M	4.99%	2
2021 Q4	$24.4B	Sell	72,555,721 -60,668	-0.1%	-$19.7M	5.02%	2
2021 Q3	$20.5B	Sell	72,616,389 -3,810,197	-5%	-$1.11B	4.53%	2
2021 Q2	$20.7B	Sell	76,426,586 -1,223,273	-2%	-$311M	4.49%	2
2021 Q1	$18.3B	Sell	77,649,859 -1,920,307	-2%	-$446M	4.19%	2
2020 Q4	$17.7B	Buy	79,570,166 +205,184	+0.3%	+$44.1M	4.13%	2
2020 Q3	$16.7B	Sell	79,364,982 -36,271	-0%	-$7.62M	4.43%	2
2020 Q2	$16.2B	Buy	79,401,253 +660,407	+0.8%	+$120M	4.65%	1
2020 Q1	$12.4B	Buy	78,740,846 +646,776	+0.8%	+$106M	4.43%	1
2019 Q4	$12.3B	Buy	78,094,070 +378,880	+0.5%	+$55.7M	3.44%	2
2019 Q3	$10.8B	Buy	77,715,190 +400,462	+0.5%	+$55.1M	3.31%	1
2019 Q2	$10.4B	Buy	77,314,728 +132,539	+0.2%	+$16.8M	3.2%	1
2019 Q1	$9.1B	Buy	77,182,189 +1,088,934	+1%	+$119M	2.94%	2
2018 Q4	$7.73B	Buy	76,093,255 +1,435,410	+2%	+$154M	2.88%	1
2018 Q3	$8.54B	Buy	74,657,845 +246,350	+0.3%	+$26.7M	2.77%	3
2018 Q2	$7.34B	Buy	74,411,495 +900,846	+1%	+$87.3M	2.52%	2
2018 Q1	$6.71B	Buy	73,510,649 +1,084,474	+1%	+$99.2M	2.43%	2
2017 Q4	$6.2B	Sell	72,426,175 -123,084	-0.2%	-$10.1M	2.22%	2
2017 Q3	$5.4B	Buy	72,549,259 +159,460	+0.2%	+$11.6M	2.05%	2
2017 Q2	$4.99B	Sell	72,389,799 -153,038	-0.2%	-$10.5M	1.98%	2
2017 Q1	$4.78B	Buy	72,542,837 +2,795,502	+4%	+$179M	1.96%	2
2016 Q4	$4.33B	Buy	69,747,335 +1,066,380	+2%	+$64.1M	1.89%	2
2016 Q3	$3.78B	Sell	68,680,955 -146,497	-0.2%	-$8.27M	1.79%	2
2016 Q2	$3.52B	Buy	68,827,452 +229,045	+0.3%	+$11.9M	1.67%	2
2016 Q1	$3.79B	Buy	68,598,407 +2,096,273	+3%	+$110M	1.86%	2
2015 Q4	$3.69B	Sell	66,502,134 -719,140	-1%	-$37.8M	1.83%	2
2015 Q3	$2.98B	Buy	67,221,274 +702,756	+1%	+$31.6M	1.56%	2
2015 Q2	$2.94B	Sell	66,518,518 -537,759	-0.8%	-$24.5M	1.47%	3
2015 Q1	$2.73B	Buy	67,056,277 +2,166,536	+3%	+$94.3M	1.34%	4
2014 Q4	$3.01B	Buy	64,889,741 +1,901,554	+3%	+$89.3M	1.53%	4
2014 Q3	$2.92B	Sell	62,988,187 -62,545,889	-50%	-$2.79B	1.58%	4
2014 Q2	$5.23B	Buy	125,534,076 +62,741,785	+100%	+$2.54B	1.41%	4
2014 Q1	$2.57B	Sell	62,792,291 -625,660	-1%	-$23.5M	1.45%	4
2013 Q4	$2.37B	Sell	63,417,951 -5,928,495	-9%	-$215M	1.37%	5
2013 Q3	$2.31B	Buy	69,346,446 +421,053	+0.6%	+$13.9M	1.35%	5
2013 Q2	$2.38B	Buy	+68,925,393	New	+$2.26B	1.48%	4

Other funds holding MSFT

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

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 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

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

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

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

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

Norges Bank's MSFT Position: Q1 2026 in Review

Norges Bank sold out of Microsoft (MSFT) in Q1 2026, closing a stake of 104,761,241 shares — an estimated $50.7B sold.

Norges Bank first reported a position in MSFT in Q2 2013 and held it in 50 quarters. The position peaked at $50.7B in Q4 2025. 6,183 funds tracked by Wall St. Rank hold MSFT as of Q1 2026.

Norges Bank reported no remaining Microsoft position as of Q1 2026 after selling out during the quarter.
Norges Bank sold 104,761,241 Microsoft shares in Q1 2026, an estimated $50.7B.
Norges Bank first reported a position in Microsoft in Q2 2013 and held it in 50 quarters.
Norges Bank's Microsoft position peaked at $50.7B in Q4 2025.
6,183 funds tracked by Wall St. Rank held Microsoft as of Q1 2026.

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