SCHEDULE 13G/A: Norges Bank Discloses 6.6% Stake in Onestream Inc

Norges Bank, the central bank of Norway, has reported a 6.6% beneficial ownership stake in Onestream Inc, holding 5,974,029 shares of common stock.

Summary

• Norges Bank, a non-U.S. institution and investment adviser, has filed an Amendment No. 3 to Schedule 13G, disclosing its beneficial ownership in Onestream Inc.
• As of December 31, 2025, Norges Bank beneficially owns 5,974,029 shares of Onestream Inc's Common Stock.
• This ownership represents 6.6% of the class of securities.
• Norges Bank holds sole voting power and sole dispositive power over all 5,974,029 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Onestream Inc.
• Certain shares reported are invested on behalf of the Government of Norway.

Sentiment

Score: 7

Explanation: The filing indicates a significant, passive institutional investment by Norges Bank, which is generally viewed as a positive signal of confidence in the company. However, it is purely an ownership disclosure and does not provide operational or financial performance details to warrant a higher score.

Positives

• A significant institutional investor like Norges Bank holding a 6.6% stake can signal confidence in Onestream Inc's long-term prospects.
• The investment is stated to be in the ordinary course of business, indicating a passive, strategic allocation rather than an activist position.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Onestream Inc's future performance or Norges Bank's future investment intentions beyond the passive nature of the holding.

Management Comments

• Norges Bank certifies 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 Onestream Inc.
• Norges Bank certifies that the foreign regulatory scheme applicable to its investment management division is substantially comparable to the regulatory scheme applicable to functionally equivalent U.S. institutions.

Industry Context

Norges Bank, managing Norway's sovereign wealth fund, is one of the world's largest institutional investors. Its investment in Onestream Inc reflects a standard portfolio allocation strategy for a global financial institution, indicating a belief in the company's market position or sector potential within its diversified investment mandate.

Comparison to Industry Standards

• Institutional ownership disclosures via Schedule 13G are standard practice for investors crossing the 5% beneficial ownership threshold in U.S. public companies.
• Norges Bank's certification regarding its regulatory scheme comparability aligns with SEC requirements for non-U.S. institutions filing under Rule 13d-1(b)(1)(ii)(J).

Related Party Transactions

• Norges Bank holds certain shares of Onestream Inc on behalf of the Government of Norway.

Stakeholder Impact

• Shareholders may view the significant institutional investment by Norges Bank as a positive indicator, potentially boosting investor confidence and market perception.
• The passive nature of the investment suggests no immediate impact on Onestream Inc's management or strategic direction.

Key Dates

Keywords

Onestream Inc, Norges Bank, Schedule 13G, beneficial ownership, common stock, institutional investment, Norway, SEC filing