Norges Bank’s People Inc PPLI Stock Holding History

Norges Bank’s Portfolio PPLI Stock Details PPLI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-830,883	Closed	-$31M	–	732
2025 Q2	$31M	Buy	830,883 +112,100	+16%	+$4.05M	﹤0.01%	1112
2025 Q1	$27.1M	Sell	718,783 -378,052	-34%	-$13.8M	﹤0.01%	1135
2024 Q4	$38.8M	Hold	1,096,835	–	–	0.01%	1056
2024 Q3	$48.4M	Buy	1,096,835 +1,683	+0.2%	+$70.1K	0.01%	983
2024 Q2	$42.1M	Buy	1,095,152 +122,690	+13%	+$5.07M	0.01%	969
2024 Q1	$42.6M	Buy	972,462 +54,923	+6%	+$2.37M	0.01%	1016
2023 Q4	$39.4M	Buy	917,539 +5,477	+0.6%	+$215K	0.01%	1015
2023 Q3	$37.7M	Sell	912,062 -21,154	-2%	-$1.03M	0.01%	960
2023 Q2	$48.1M	Buy	933,216 +5,102	+0.5%	+$234K	0.01%	871
2023 Q1	$39.3M	Sell	928,114 -171,064	-16%	-$7.32M	0.01%	949
2022 Q4	$40M	Buy	1,099,178 +8,819	+0.8%	+$349K	0.01%	901
2022 Q3	$49.5M	Buy	1,090,359 +281,601	+35%	+$15.9M	0.01%	771
2022 Q2	$50.4M	Sell	808,758 -165,104	-17%	-$11.6M	0.01%	773
2022 Q1	$80.1M	Buy	973,862 +97,147	+11%	+$9.44M	0.02%	665
2021 Q4	$94M	Sell	876,715 -12,341	-1%	-$1.39M	0.02%	642
2021 Q3	$95M	Sell	889,056 -9,849	-1%	-$1.09M	0.02%	638
2021 Q2	$114M	Sell	898,905 -713,355	-44%	-$92.4M	0.02%	588
2021 Q1	$190M	Buy	1,612,260 +214,430	+15%	+$26.6M	0.04%	404
2020 Q4	$144M	Sell	1,397,830 -79,246	-5%	-$6.07M	0.03%	469
2020 Q3	$96.6M	Sell	1,477,076 -4,376,101	-75%	-$300M	0.03%	548
2020 Q2	$338M	Buy	5,853,177 +1,469,835	+34%	+$65.3M	0.1%	192
2020 Q1	$140M	Hold	4,383,342	–	–	0.05%	330
2019 Q4	$195M	Hold	4,383,342	–	–	0.05%	322
2019 Q3	$171M	Hold	4,383,342	–	–	0.05%	328
2019 Q2	$170M	Hold	4,383,342	–	–	0.05%	334
2019 Q1	$165M	Sell	4,383,342 -279,680	-6%	-$10.3M	0.05%	335
2018 Q4	$153M	Buy	4,663,022 +113,055	+2%	+$3.79M	0.06%	307
2018 Q3	$176M	Sell	4,549,967 -942,698	-17%	-$30.6M	0.06%	313
2018 Q2	$150M	Buy	5,492,665 +1,267,366	+30%	+$34.7M	0.05%	352
2018 Q1	$118M	Sell	4,225,299 -682,466	-14%	-$18M	0.04%	415
2017 Q4	$107M	Sell	4,907,765 -1,833,996	-27%	-$41.1M	0.04%	447
2017 Q3	$142M	Buy	6,741,761 +236,272	+4%	+$4.59M	0.05%	343
2017 Q2	$120M	Buy	6,505,489 +1,181,543	+22%	+$20.1M	0.05%	378
2017 Q1	$70.1M	Buy	5,323,946 +955,432	+22%	+$12.4M	0.03%	552
2016 Q4	$50.6M	Buy	4,368,514 +895,266	+26%	+$10.5M	0.02%	667
2016 Q3	$37M	Hold	3,473,248	–	–	0.02%	798
2016 Q2	$34.9M	Sell	3,473,248 -476,186	-12%	-$4.41M	0.02%	835
2016 Q1	$33.2M	Sell	3,949,434 -66,289	-2%	-$570K	0.02%	835
2015 Q4	$43.1M	Buy	4,015,723 +84,597	+2%	+$979K	0.02%	680
2015 Q3	$45.9M	Buy	3,931,126 +175,970	+5%	+$2.34M	0.02%	619
2015 Q2	$53.5M	Hold	3,755,156	–	–	0.03%	600
2015 Q1	$45.3M	Buy	3,755,156 +409,852	+12%	+$4.74M	0.02%	700
2014 Q4	$36.3M	Hold	3,345,304	–	–	0.02%	803
2014 Q3	$39.4M	Sell	3,345,304 -3,345,304	-50%	-$40.4M	0.02%	736
2014 Q2	$82.8M	Buy	6,690,608 +3,345,304	+100%	+$40.1M	0.02%	714
2014 Q1	$42.7M	Hold	3,345,304	–	–	0.02%	668
2013 Q4	$41.1M	Sell	3,345,304 -1,231,566	-27%	-$12.7M	0.02%	661
2013 Q3	$44.7M	Buy	4,576,870 +687,183	+18%	+$6.28M	0.03%	625
2013 Q2	$33.1M	Buy	+3,889,687	New	+$33.1M	0.02%	724

Other funds holding PPLI

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

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

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

Aristeia Capital Greenwich, Connecticut $4.82B AUM 24.94% 1-Year Est. Return

Corvex Management New York $2.52B AUM 25.53% 1-Year Est. Return

SAM

Southeastern Asset Management Memphis, Tennessee $2.03B AUM 7.06% 1-Year Est. Return

BAM

Burgundy Asset Management Toronto, Ontario, Canada $10.6B AUM 13.39% 1-Year Est. Return

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

DSA

Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

PCM

Patient Capital Management Baltimore, Maryland $2.74B AUM 43.59% 1-Year Est. Return

Norges Bank's PPLI Position: Q3 2025 in Review

Norges Bank sold out of People Inc (PPLI) in Q3 2025, closing a stake of 830,883 shares — an estimated $31M sold.

Norges Bank first reported a position in PPLI in Q2 2013 and held it in 49 quarters. The position peaked at $338M in Q2 2020. 346 funds tracked by Wall St. Rank hold PPLI as of Q3 2025.

Norges Bank reported no remaining People Inc position as of Q3 2025 after selling out during the quarter.
Norges Bank sold 830,883 People Inc shares in Q3 2025, an estimated $31M.
Norges Bank first reported a position in People Inc in Q2 2013 and held it in 49 quarters.
Norges Bank's People Inc position peaked at $338M in Q2 2020.
346 funds tracked by Wall St. Rank held People Inc as of Q3 2025.

Based on Norges Bank's 13F filing for Q3 2025.