Norges Bank’s UBS Group UBS Stock Holding History

Norges Bank’s Portfolio UBS Stock Details UBS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-104,982,026	Closed	-$4.89B	–	1323
2025 Q4	$4.89B	Buy	+104,982,026	New	+$4.24B	0.52%	25
2025 Q3	–	Sell	-144,091,392	Closed	-$4.88B	–	1475
2025 Q2	$4.88B	Buy	144,091,392 +4,204,430	+3%	+$130M	0.61%	22
2025 Q1	$4.25B	Sell	139,886,962 -43,224,389	-24%	-$1.44B	0.6%	25
2024 Q4	$5.59B	Buy	183,111,351 +7,086,899	+4%	+$225M	0.73%	16
2024 Q3	$5.42B	Buy	176,024,452 +7,735,583	+5%	+$232M	0.76%	15
2024 Q2	$4.95B	Buy	168,288,869 +2,261,571	+1%	+$67.2M	0.74%	16
2024 Q1	$5.11B	Buy	166,027,298 +4,761,152	+3%	+$141M	0.81%	15
2023 Q4	$5B	Sell	161,266,146 -16,126,064	-9%	-$424M	0.87%	13
2023 Q3	$4.4B	Buy	177,392,210 +8,316,725	+5%	+$194M	0.89%	12
2023 Q2	$3.42B	Buy	169,075,485 +15,662,771	+10%	+$315M	0.67%	22
2023 Q1	$3.24B	Buy	153,412,714 +36,107,234	+31%	+$753M	0.71%	19
2022 Q4	$2.18B	Sell	117,305,480 -5,863,770	-5%	-$99.7M	0.53%	36
2022 Q3	$1.81B	Sell	123,169,250 -25,785,582	-17%	-$413M	0.48%	38
2022 Q2	$2.4B	Sell	148,954,832 -7,656,186	-5%	-$134M	0.62%	26
2022 Q1	$3.08B	Sell	156,611,018 -7,599,027	-5%	-$144M	0.67%	18
2021 Q4	$2.96B	Sell	164,210,045 -752,433	-0.5%	-$13.2M	0.61%	20
2021 Q3	$2.66B	Buy	164,962,478 +8,728,820	+6%	+$141M	0.59%	22
2021 Q2	$2.39B	Buy	156,233,658 +39,453	+0%	+$623K	0.52%	25
2021 Q1	$2.42B	Sell	156,194,205 -14,942,609	-9%	-$230M	0.55%	22
2020 Q4	$2.41B	Buy	171,136,814 +3,378,896	+2%	+$44.7M	0.56%	24
2020 Q3	$1.73B	Sell	167,757,918 -1,000,116	-0.6%	-$12M	0.46%	41
2020 Q2	$1.84B	Buy	168,758,034 +13,199,408	+8%	+$136M	0.53%	35
2020 Q1	$1.41B	Buy	155,558,626 +11,750,166	+8%	+$135M	0.5%	36
2019 Q4	$1.82B	Buy	143,808,460 +4,315,084	+3%	+$51.3M	0.51%	34
2019 Q3	$1.58B	Buy	139,493,376 +28,630,179	+26%	+$322M	0.49%	35
2019 Q2	$1.32B	Buy	110,863,197 +20,028,979	+22%	+$245M	0.41%	40
2019 Q1	$1.1B	Sell	90,834,218 -3,745,766	-4%	-$47.4M	0.36%	54
2018 Q4	$1.17B	Sell	94,579,984 -3,581,291	-4%	-$48.6M	0.44%	41
2018 Q3	$1.56B	Sell	98,161,275 -11,770,484	-11%	-$185M	0.51%	34
2018 Q2	$1.7B	Sell	109,931,759 -2,380,031	-2%	-$38.7M	0.58%	27
2018 Q1	$1.97B	Sell	112,311,790 -14,531,974	-11%	-$276M	0.71%	20
2017 Q4	$2.34B	Sell	126,843,764 -2,458,709	-2%	-$42.7M	0.84%	13
2017 Q3	$2.21B	Sell	129,302,473 -1,301,234	-1%	-$22.3M	0.84%	13
2017 Q2	$2.21B	Buy	130,603,707 +4,406,249	+3%	+$71.6M	0.88%	12
2017 Q1	$2.02B	Sell	126,197,458 -1,605,353	-1%	-$25.8M	0.83%	17
2016 Q4	$2.01B	Sell	127,802,811 -4,062,164	-3%	-$61.2M	0.88%	16
2016 Q3	$1.72B	Buy	131,864,975 +326,634	+0.2%	+$4.45M	0.81%	17
2016 Q2	$1.7B	Sell	131,538,341 -2,349,368	-2%	-$35.9M	0.81%	18
2016 Q1	$2.17B	Buy	133,887,709 +13,436,501	+11%	+$218M	1.06%	9
2015 Q4	$2.35B	Buy	120,451,208 +922,909	+0.8%	+$18M	1.17%	7
2015 Q3	$2.2B	Buy	119,528,299 +116,330,699	+3,638%	+$2.47B	1.15%	8
2015 Q2	$67.8M	Sell	3,197,600 -122,200,764	-97%	-$2.55B	0.03%	519
2015 Q1	$2.36B	Buy	125,398,364 +10,736,044	+9%	+$187M	1.16%	6
2014 Q4	$1.97B	Buy	+114,662,320	New	+$1.96B	1%	8

Other funds holding UBS

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Fisher Asset Management Camas, Washington $295B AUM 31.6% 1-Year Est. Return

Zurich Cantonal Bank Zurich, Switzerland $46B AUM 27.59% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

CCI

Cevian Capital II St. Helier, Jersey $3.12B AUM 25.62% 1-Year Est. Return

Pictet Asset Management Carouge, Switzerland $94.8B AUM 24.11% 1-Year Est. Return

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

Norges Bank's UBS Position: Q1 2026 in Review

Norges Bank sold out of UBS Group (UBS) in Q1 2026, closing a stake of 104,982,026 shares — an estimated $4.89B sold.

Norges Bank first reported a position in UBS in Q4 2014 and held it in 44 quarters. The position peaked at $5.59B in Q4 2024. 679 funds tracked by Wall St. Rank hold UBS as of Q1 2026.

Norges Bank reported no remaining UBS Group position as of Q1 2026 after selling out during the quarter.
Norges Bank sold 104,982,026 UBS Group shares in Q1 2026, an estimated $4.89B.
Norges Bank first reported a position in UBS Group in Q4 2014 and held it in 44 quarters.
Norges Bank's UBS Group position peaked at $5.59B in Q4 2024.
679 funds tracked by Wall St. Rank held UBS Group as of Q1 2026.

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