Norges Bank’s PepsiCo PEP Stock Holding History

Norges Bank’s Portfolio PEP Stock Details PEP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-21,034,095	Closed	-$3.02B	–	1008
2025 Q4	$3.02B	Buy	+21,034,095	New	+$3.09B	0.32%	48
2025 Q3	–	Sell	-17,650,663	Closed	-$2.33B	–	1127
2025 Q2	$2.33B	Buy	17,650,663 +3,535	+0%	+$476K	0.29%	57
2025 Q1	$2.65B	Sell	17,647,128 -303,449	-2%	-$45.2M	0.37%	42
2024 Q4	$2.73B	Buy	17,950,577 +886,975	+5%	+$145M	0.36%	40
2024 Q3	$2.9B	Sell	17,063,602 -427,612	-2%	-$73.5M	0.41%	39
2024 Q2	$2.88B	Buy	17,491,214 +782,843	+5%	+$135M	0.43%	37
2024 Q1	$2.92B	Buy	16,708,371 +892,668	+6%	+$150M	0.46%	36
2023 Q4	$2.69B	Buy	15,815,703 +1,101,196	+7%	+$183M	0.47%	35
2023 Q3	$2.49B	Buy	14,714,507 +163,168	+1%	+$29.6M	0.51%	31
2023 Q2	$2.7B	Buy	14,551,339 +352,206	+2%	+$65.7M	0.53%	32
2023 Q1	$2.59B	Buy	14,199,133 +251,899	+2%	+$44M	0.57%	31
2022 Q4	$2.52B	Buy	13,947,234 +610,922	+5%	+$109M	0.61%	30
2022 Q3	$2.18B	Sell	13,336,312 -129,106	-1%	-$22.2M	0.58%	29
2022 Q2	$2.24B	Buy	13,465,418 +462,845	+4%	+$77.9M	0.58%	29
2022 Q1	$2.18B	Buy	13,002,573 +447,599	+4%	+$75.1M	0.47%	37
2021 Q4	$2.18B	Buy	12,554,974 +10,344	+0.1%	+$1.69M	0.45%	43
2021 Q3	$1.89B	Sell	12,544,630 -164,012	-1%	-$25.4M	0.42%	44
2021 Q2	$1.88B	Sell	12,708,642 -1,038,108	-8%	-$151M	0.41%	45
2021 Q1	$1.94B	Sell	13,746,750 -187,935	-1%	-$25.8M	0.45%	42
2020 Q4	$2.07B	Sell	13,934,685 -169,562	-1%	-$24.1M	0.48%	38
2020 Q3	$1.95B	Sell	14,104,247 -103,987	-0.7%	-$14.1M	0.52%	36
2020 Q2	$1.88B	Sell	14,208,234 -397,490	-3%	-$52.4M	0.54%	32
2020 Q1	$1.75B	Buy	14,605,724 +77,761	+0.5%	+$10.5M	0.63%	24
2019 Q4	$1.99B	Buy	14,527,963 +109,502	+0.8%	+$14.9M	0.55%	32
2019 Q3	$1.98B	Buy	14,418,461 +30,955	+0.2%	+$4.11M	0.61%	31
2019 Q2	$1.89B	Hold	14,387,506	–	–	0.58%	31
2019 Q1	$1.76B	Buy	14,387,506 +222,017	+2%	+$25.3M	0.57%	31
2018 Q4	$1.57B	Sell	14,165,489 -53,884	-0.4%	-$6.08M	0.58%	31
2018 Q3	$1.59B	Sell	14,219,373 -268,291	-2%	-$30.4M	0.52%	32
2018 Q2	$1.58B	Buy	14,487,664 +381,386	+3%	+$39.4M	0.54%	31
2018 Q1	$1.54B	Buy	14,106,278 +680,526	+5%	+$77.4M	0.56%	29
2017 Q4	$1.61B	Buy	13,425,752 +118,003	+0.9%	+$13.5M	0.58%	27
2017 Q3	$1.48B	Sell	13,307,749 -73,997	-0.6%	-$8.55M	0.56%	31
2017 Q2	$1.55B	Sell	13,381,746 -958,873	-7%	-$110M	0.61%	27
2017 Q1	$1.6B	Buy	14,340,619 +76,913	+0.5%	+$8.25M	0.66%	26
2016 Q4	$1.49B	Buy	14,263,706 +552,725	+4%	+$57.9M	0.65%	27
2016 Q3	$1.42B	Buy	13,710,981 +716,360	+6%	+$77.2M	0.67%	26
2016 Q2	$1.38B	Buy	12,994,621 +271,012	+2%	+$28M	0.65%	28
2016 Q1	$1.3B	Buy	12,723,609 +220,616	+2%	+$21.8M	0.64%	30
2015 Q4	$1.25B	Buy	12,502,993 +133,170	+1%	+$13.3M	0.62%	33
2015 Q3	$1.17B	Buy	12,369,823 +164,675	+1%	+$15.7M	0.61%	33
2015 Q2	$1.14B	Buy	12,205,148 +93,817	+0.8%	+$8.97M	0.57%	33
2015 Q1	$1.16B	Buy	12,111,331 +310,195	+3%	+$30M	0.57%	33
2014 Q4	$1.12B	Buy	11,801,136 +154,158	+1%	+$14.8M	0.57%	30
2014 Q3	$1.08B	Sell	11,646,978 -11,646,978	-50%	-$1.06B	0.59%	28
2014 Q2	$2.08B	Buy	23,293,956 +11,646,978	+100%	+$1.01B	0.56%	28
2014 Q1	$973M	Hold	11,646,978	–	–	0.55%	27
2013 Q4	$966M	Sell	11,646,978 -996,865	-8%	-$82.8M	0.56%	30
2013 Q3	$1.01B	Hold	12,643,843	–	–	0.59%	28
2013 Q2	$1.03B	Buy	+12,643,843	New	+$1.03B	0.64%	25

Other funds holding PEP

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

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

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

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

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

Charles Schwab San Francisco, California $654B AUM 26.35% 1-Year Est. Return

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

DAM

Diamant Asset Management Ridgefield, Connecticut $137B AUM 18.02% 1-Year Est. Return

Norges Bank's PEP Position: Q1 2026 in Review

Norges Bank sold out of PepsiCo (PEP) in Q1 2026, closing a stake of 21,034,095 shares — an estimated $3.02B sold.

Norges Bank first reported a position in PEP in Q2 2013 and held it in 50 quarters. The position peaked at $3.02B in Q4 2025. 3,532 funds tracked by Wall St. Rank hold PEP as of Q1 2026.

Norges Bank reported no remaining PepsiCo position as of Q1 2026 after selling out during the quarter.
Norges Bank sold 21,034,095 PepsiCo shares in Q1 2026, an estimated $3.02B.
Norges Bank first reported a position in PepsiCo in Q2 2013 and held it in 50 quarters.
Norges Bank's PepsiCo position peaked at $3.02B in Q4 2025.
3,532 funds tracked by Wall St. Rank held PepsiCo as of Q1 2026.

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