Norges Bank’s United Bankshares UBSI Stock Holding History

Norges Bank’s Portfolio UBSI Stock Details UBSI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-1,780,352	Closed	-$68.4M	–	1324
2025 Q4	$68.4M	Buy	+1,780,352	New	+$66.3M	0.01%	906
2025 Q3	–	Sell	-1,663,956	Closed	-$60.6M	–	1476
2025 Q2	$60.6M	Buy	1,663,956 +124,629	+8%	+$4.38M	0.01%	867
2025 Q1	$53.4M	Buy	1,539,327 +82,271	+6%	+$3.01M	0.01%	909
2024 Q4	$54.7M	Buy	1,457,056 +246,931	+20%	+$9.72M	0.01%	930
2024 Q3	$44.9M	Buy	1,210,125 +1,541	+0.1%	+$56.2K	0.01%	1014
2024 Q2	$39.2M	Buy	1,208,584 +28,549	+2%	+$944K	0.01%	1006
2024 Q1	$42.2M	Sell	1,180,035 -26,564	-2%	-$939K	0.01%	1018
2023 Q4	$45.3M	Sell	1,206,599 -77,515	-6%	-$2.46M	0.01%	945
2023 Q3	$35.4M	Buy	1,284,114 +199,887	+18%	+$6.02M	0.01%	989
2023 Q2	$32.2M	Sell	1,084,227 -205,603	-16%	-$6.47M	0.01%	1060
2023 Q1	$45.4M	Buy	1,289,830 +389,859	+43%	+$15.3M	0.01%	877
2022 Q4	$36.4M	Sell	899,971 -79,522	-8%	-$3.22M	0.01%	950
2022 Q3	$35M	Buy	979,493 +39,263	+4%	+$1.46M	0.01%	931
2022 Q2	$33M	Sell	940,230 -311,486	-25%	-$10.9M	0.01%	986
2022 Q1	$43.7M	Buy	1,251,716 +197,463	+19%	+$7.17M	0.01%	969
2021 Q4	$38.2M	Buy	1,054,253 +67,476	+7%	+$2.48M	0.01%	1092
2021 Q3	$35.9M	Sell	986,777 -5,647	-0.6%	-$197K	0.01%	1100
2021 Q2	$36.2M	Sell	992,424 -11,130	-1%	-$437K	0.01%	1155
2021 Q1	$38.7M	Sell	1,003,554 -258,004	-20%	-$9.46M	0.01%	1122
2020 Q4	$40.9M	Buy	1,261,558 +187,800	+17%	+$5.3M	0.01%	1109
2020 Q3	$23.1M	Sell	1,073,758 -245,962	-19%	-$6.4M	0.01%	1325
2020 Q2	$36.5M	Sell	1,319,720 -42,342	-3%	-$1.14M	0.01%	1055
2020 Q1	$31.4M	Buy	1,362,062 +41,118	+3%	+$1.29M	0.01%	959
2019 Q4	$51.1M	Buy	1,320,944 +42,184	+3%	+$1.63M	0.01%	903
2019 Q3	$48.4M	Buy	1,278,760 +313,405	+32%	+$11.6M	0.01%	884
2019 Q2	$35.8M	Buy	965,355 +52,693	+6%	+$1.98M	0.01%	1106
2019 Q1	$33.1M	Hold	912,662	–	–	0.01%	1153
2018 Q4	$28.4M	Hold	912,662	–	–	0.01%	1159
2018 Q3	$33.2M	Hold	912,662	–	–	0.01%	1185
2018 Q2	$33.2M	Hold	912,662	–	–	0.01%	1152
2018 Q1	$32.2M	Hold	912,662	–	–	0.01%	1092
2017 Q4	$31.7M	Buy	912,662 +274,929	+43%	+$9.92M	0.01%	1134
2017 Q3	$23.7M	Buy	637,733 +72,712	+13%	+$2.56M	0.01%	1326
2017 Q2	$22.1M	Buy	565,021 +48,949	+9%	+$1.94M	0.01%	1338
2017 Q1	$21.8M	Buy	516,072 +12,760	+3%	+$562K	0.01%	1334
2016 Q4	$23.3M	Sell	503,312 -62,940	-11%	-$2.67M	0.01%	1209
2016 Q3	$20.4M	Buy	566,252 +153,937	+37%	+$5.89M	0.01%	1238
2016 Q2	$15.5M	Hold	412,315	–	–	0.01%	1362
2016 Q1	$15.1M	Sell	412,315 -102,048	-20%	-$3.58M	0.01%	1330
2015 Q4	$19M	Buy	514,363 +12,300	+2%	+$486K	0.01%	1192
2015 Q3	$19.1M	Hold	502,063	–	–	0.01%	1155
2015 Q2	$20.2M	Hold	502,063	–	–	0.01%	1189
2015 Q1	$18.9M	Sell	502,063 -23,182	-4%	-$847K	0.01%	1240
2014 Q4	$19.7M	Hold	525,245	–	–	0.01%	1218
2014 Q3	$16.2M	Sell	525,245 -471,233	-47%	-$15.2M	0.01%	1282
2014 Q2	$32.2M	Buy	996,478 +498,239	+100%	+$15.2M	0.01%	1300
2014 Q1	$15.3M	Hold	498,239	–	–	0.01%	1307
2013 Q4	$15.7M	Hold	498,239	–	–	0.01%	1289
2013 Q3	$14.4M	Hold	498,239	–	–	0.01%	1314
2013 Q2	$13.2M	Buy	+498,239	New	+$12.8M	0.01%	1301

Other funds holding UBSI

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

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

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

EARNEST Partners Atlanta, Georgia $24.3B AUM 34.41% 1-Year Est. Return

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

Victory Capital Management San Antonio, Texas $156B AUM 27.51% 1-Year Est. Return

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

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

Norges Bank's UBSI Position: Q1 2026 in Review

Norges Bank sold out of United Bankshares (UBSI) in Q1 2026, closing a stake of 1,780,352 shares — an estimated $68.4M sold.

Norges Bank first reported a position in UBSI in Q2 2013 and held it in 50 quarters. The position peaked at $68.4M in Q4 2025. 417 funds tracked by Wall St. Rank hold UBSI as of Q1 2026.

Norges Bank reported no remaining United Bankshares position as of Q1 2026 after selling out during the quarter.
Norges Bank sold 1,780,352 United Bankshares shares in Q1 2026, an estimated $68.4M.
Norges Bank first reported a position in United Bankshares in Q2 2013 and held it in 50 quarters.
Norges Bank's United Bankshares position peaked at $68.4M in Q4 2025.
417 funds tracked by Wall St. Rank held United Bankshares as of Q1 2026.

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