Norges Bank filed a Schedule 13G with the SEC on November 12, 2026, disclosing beneficial ownership of 13,548,526 shares of Zoom Communications, Inc. common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Norges Bank reported beneficial ownership of 13,548,526 shares of Zoom Communications common stock.
  • Percent of class: The reported holdings represent 5.1470% of the outstanding class of common stock.
  • Sole voting and dispositive power: Norges Bank holds sole voting power and sole dispositive power over 13,266,823 shares.
  • Shared dispositive power: Norges Bank reported shared power to dispose of 281,703 shares, with no shared voting power.
  • Government of Norway: According to the filing, "certain shares reported herein are invested on behalf of the Government of Norway."
  • Triggering event date: The date of the event requiring this filing was stated as September 30, 2026.

Norges Bank Crosses 5% Ownership Threshold in Zoom Communications

Norway's central bank, Norges Bank, submitted a Schedule 13G filing dated November 12, 2026, reporting a beneficial ownership position in Zoom Communications, Inc. (NASDAQ:ZM), the issuer identified in the filing as headquartered at 55 Almaden Boulevard, 6th Floor, San Jose, CA 95113. The filing was triggered by an ownership event dated September 30, 2026, and was signed by Stanislav Boiadjiev under the Business and Regulatory Compliance function at Norges Bank.

According to the filing, Norges Bank holds an aggregate of 13,548,526 shares of common stock (CUSIP 98980L101), equating to 5.1470% of the class. Of that total, 13,266,823 shares are subject to sole voting power and sole dispositive power. An additional 281,703 shares are subject to shared dispositive power only, with no shared voting power reported. The filing identifies Norges Bank as a foreign institution organized in Norway, with its principal business address listed as Bankplassen 2, PO Box 1179 Sentrum, Oslo, Norway.

The filing notes that Norges Bank is acting as an investment manager, with certain holdings invested on behalf of the Government of Norway. The filer certified that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The filing also states that the foreign regulatory scheme applicable to the investment management division of Norges Bank "is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s)."

What Was Disclosed

Norges Bank disclosed a 5.1470% beneficial ownership stake in Zoom Communications, Inc. common stock as of September 30, 2026, totaling 13,548,526 shares, with 13,266,823 held under sole voting and dispositive control and 281,703 subject to shared dispositive power.