SCHEDULE: Norges Bank Discloses 6.8% Stake in Bilibili

Norges Bank has updated its beneficial ownership filing for Bilibili Inc., reporting a 6.7958% stake as of June 30, 2026.

Summary

• Norges Bank, acting as an investment adviser and a non-U.S. institution, has filed an amendment to its Schedule 13G.
• The filing reports beneficial ownership of Bilibili Inc. common stock.
• As of June 30, 2026, Norges Bank beneficially owns 23,468,189 shares, representing 6.7958% of the class.
• This ownership includes sole voting power over 23,468,189 shares and sole dispositive power over 4,894,809 shares.
• Shared dispositive power is held over 18,573,380 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update on beneficial ownership without significant new strategic or financial information.

Positives

• Norges Bank, a significant institutional investor, maintains a substantial stake in Bilibili Inc.
• The filing confirms that the shares are held in the ordinary course of business, suggesting a stable, long-term investment approach.

Negatives

• No new financial performance data or strategic initiatives are disclosed in this filing.

Risks

• The filing does not introduce new risks but relies on the existing risk profile of Bilibili Inc. as a publicly traded entity.
• Potential risks associated with Bilibili's business operations, market competition, and regulatory environment remain relevant.

Future Outlook

This filing is an update on beneficial ownership and does not contain forward-looking statements or guidance regarding Bilibili Inc.'s future performance.

Management Comments

• "I certify that, to the best of my knowledge and belief, the securities referred to above 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 of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
• "I also certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to the investment management division of Norges Bank, the central bank of Norway, is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s)."
• "I undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D."

Industry Context

StockSavvy.ai notes that institutional investor filings like this are common and reflect ongoing portfolio management. Norges Bank's updated stake in Bilibili Inc. places it among significant holders in the online entertainment and media sector, a space characterized by rapid content evolution and user engagement dynamics.

Stakeholder Impact

• Shareholders: The filing provides transparency on a significant institutional investor's holdings, which can influence market perception.
• Regulators: The filing fulfills regulatory requirements for reporting beneficial ownership.
• Management: The certification by Norges Bank reinforces that its investment is not intended to influence control.

Next Steps

• Norges Bank will continue to hold its investment in Bilibili Inc. in the ordinary course of business.
• Norges Bank will furnish information to the SEC staff upon request.

Key Dates

Keywords

Bilibili, Norges Bank, Schedule 13G, Beneficial Ownership, Investment Adviser, Common Stock, Norway