Norges Bank filed a Schedule 13G with the SEC on November 12, 2026, disclosing a beneficial ownership position of 2,624,024 shares of G III Apparel Group Ltd common stock, representing 6.12% of the class, as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Norges Bank reported 2,624,024 shares of G III Apparel Group Ltd common stock beneficially owned.
  • Percent of class: The reported position represents 6.12% of the outstanding common stock.
  • Sole voting and dispositive power: Norges Bank holds sole voting power and sole dispositive power over 1,970,000 shares.
  • Shared dispositive power: An additional 654,024 shares are subject to shared dispositive power, with no shared voting power reported.
  • Government of Norway: According to the filing, "certain shares reported herein are invested on behalf of the Government of Norway."
  • Event date: The date of event requiring the filing is stated as September 30, 2026.

Norges Bank Crosses 5% Threshold in G III Apparel Common Stock

Norges Bank, the central bank of Norway, filed a Schedule 13G disclosing its beneficial ownership in G III Apparel Group Ltd (NASDAQ:GIII), an apparel company whose principal executive offices are located at 512 Seventh Ave, New York, NY 10018. The filing was signed by Stanislav Boiadjiev of Business and Regulatory Compliance on November 12, 2026, and covers a reporting event dated September 30, 2026.

According to the filing, Norges Bank beneficially owns a total of 2,624,024 shares of common stock (CUSIP 36237H101), equal to 6.12% of the class. Of that total, 1,970,000 shares carry both sole voting power and sole dispositive power. The remaining 654,024 shares are subject to shared dispositive power only, with zero shares reported under shared voting power. The filing identifies Norges Bank's type of reporting person as "FI, OO" and notes its citizenship or place of organization as Norway.

The filing states 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." Norges Bank further certifies that the foreign regulatory scheme applicable to its investment management division "is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s)."

What Was Disclosed

Norges Bank filed a Schedule 13G reporting beneficial ownership of 2,624,024 shares, or 6.12%, of G III Apparel Group Ltd common stock as of September 30, 2026, with a portion of the shares held on behalf of the Government of Norway.