Norges Bank Cuts Vishay (VSH) Stake to 4.4 % in Amended 13G

Norges Bank, the central bank and sovereign wealth manager of Norway, filed Amendment No. 1 to Schedule 13G for Vishay Intertechnology, Inc. (VSH) covering holdings as of 30 Jun 2025.

Rhea-AI Filing Summary

Norges Bank, the central bank and sovereign wealth manager of Norway, filed Amendment No. 1 to Schedule 13G for Vishay Intertechnology, Inc. (VSH) covering holdings as of 30 Jun 2025.

• Beneficial ownership: 5,451,771 common shares, equating to 4.4 % of the outstanding class.
• Voting/Dispositive power: Sole voting & dispositive authority over 5,320,890 shares; shared dispositive authority over 130,881 shares; no shared voting power.
• Threshold change: Item 5 confirms ownership is now “5 percent or less,” implying the stake has declined from a prior level above 5 %, triggering this filing.
• Shares are held on behalf of the Government of Norway; the bank certifies they were acquired in the ordinary course of business and not for control purposes.

The filing is informational; no financial results or corporate actions are disclosed. Nonetheless, a reduction below the 5 % threshold may be interpreted by investors as a modest softening of institutional conviction, though Norges Bank remains a notable long-term holder.

Positive

• Norges Bank retains a sizeable 4.4 % holding, indicating ongoing institutional support.

Negative

• Stake has dropped below the 5 % threshold, suggesting recent share disposals and slightly reduced institutional conviction.

Insights

Portfolio Manager

TL;DR: Norges Bank cut VSH stake to 4.4 %, still sizable but signals lighter conviction.

The sovereign wealth manager now owns 5.45 m shares. Falling below 5 % suggests recent selling or dilution, but it retains meaningful exposure, indicating continued belief in VSH’s fundamentals. Because the bank is a passive investor under 13G, no governance challenge is implied. The move is modest for a $3 bn market-cap issuer; trading volumes should absorb it without major price pressure. Overall impact is limited and largely informational for float and shareholder-base monitoring.

Corporate Governance Expert

TL;DR: Stake drop below 5 % trims disclosure obligations, negligible control impact.

Norges Bank’s amended 13G shows it no longer meets the Schedule 13D control threshold. With no shared voting power and a passive filing status, board influence remains minimal. The issuer’s governance profile is unchanged. The disclosure mainly matters for tracking free-float composition and potential index weightings. Investor relations teams may note the shift, but strategic implications are immaterial.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Vishay Intertechnology (VSH) shares does Norges Bank now own?

Norges Bank reports 5,451,771 common shares beneficially owned.

What percentage of VSH’s outstanding shares does this represent?

The position equals 4.4 % of the common stock.

Did Norges Bank change its voting power in VSH?

Yes. It has sole voting power over 5,320,890 shares and no shared voting power.

Why was an amended Schedule 13G filed?

Ownership fell to 5 % or less, requiring an update under SEC rules.

Does Norges Bank seek to influence Vishay’s control?

No. The filing certifies holdings are passive and acquired in the ordinary course of business.

When is the effective date of the reported ownership?

The stake is reported as of 30 June 2025.

Who ultimately benefits from the shares held by Norges Bank?

They are invested on behalf of the Government of Norway.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/28/2025 - 09:40 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Vishay Intertechnology Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

928298108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 928298108

1

Names of Reporting Persons

Norges Bank

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NORWAY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,320,890.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,320,890.00
8	Shared Dispositive Power 130,881.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,451,771.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.4 %

12

Type of Reporting Person (See Instructions)

FI, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Vishay Intertechnology Inc
(b)	Address of issuer's principal executive offices: 63 Lancaster Avenue, Malvern, PA 19355-2143
Item 2.
(a)	Name of person filing: Norges Bank
(b)	Address or principal business office or, if none, residence: Bankplassen 2, PO Box 1179 Sentrum, Oslo, NO-0107, Oslo, Norway
(c)	Citizenship: Norway
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 928298108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	investment adviser
Item 4.	Ownership
(a)	Amount beneficially owned: 5,451,771
(b)	Percent of class: 4.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5,320,890
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5,320,890
	(iv) Shared power to dispose or to direct the disposition of: 130,881
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The shares reported herein are invested on behalf of the Government of Norway.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below 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.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Norges Bank

Signature:	Aya Sobhy
Name/Title:	Business and Regulatory Compliance
Date:	07/28/2025