Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| 1 |
Hilton Worldwide
HLT
|
$445M |
| 2 |
CNH
CNH Industrial
CNH
|
$231M |
| 3 |
Cummins
CMI
|
$199M |
| 4 |
Perrigo
PRGO
|
$146M |
| 5 |
VF Corp
VFC
|
$144M |
Top Sells
| 1 |
Blackrock
BLK
|
$495M |
| 2 |
Apple
AAPL
|
$401M |
| 3 |
JPMorgan Chase
JPM
|
$366M |
| 4 |
Exxon Mobil
XOM
|
$342M |
| 5 |
Chevron
CVX
|
$255M |
Sector Composition
| 1 | Financials | 19.7% |
| 2 | Technology | 13.01% |
| 3 | Healthcare | 11.73% |
| 4 | Industrials | 10.35% |
| 5 | Energy | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Berkshire Hathaway Class A
BRK.A
$1.09T
| $1.04B | 0.6% | 5,863 -581 | -9% | -$103M |
|
27
Amazon
AMZN
$2.44T
| $1.04B | 0.6% | 2,597,676 -23,821 | -0.9% | -$9.5M |
|
28
Visa
V
$683B
| $1.01B | 0.58% | 4,536,734 -24,268 | -0.5% | -$5.4M |
|
29
Schlumberger
SLB
$55B
| $1B | 0.58% | 11,115,086 -1,135,154 | -9% | -$102M |
|
30
PepsiCo
PEP
$204B
| $966M | 0.56% | 11,646,978 -996,865 | -8% | -$82.7M |
|
31
Intel
INTC
$107B
| $935M | 0.54% | 36,021,846 -5,863,908 | -14% | -$152M |
|
32
Deutsche Bank
DB
$67.7B
| $931M | 0.54% | 19,475,492 -3,346,095 | -15% | -$160M |
|
33
Qualcomm
QCOM
$173B
| $906M | 0.52% | 12,205,057 -947,729 | -7% | -$70.4M |
|
34
Home Depot
HD
$405B
| $891M | 0.51% | 10,815,380 -1,318,569 | -11% | -$109M |
|
35
Cisco
CSCO
$274B
| $871M | 0.5% | 38,797,891 -6,598,715 | -15% | -$148M |
|
36
Gilead Sciences
GILD
$140B
| $815M | 0.47% | 10,851,212 -383,959 | -3% | -$28.9M |
|
37
Toronto Dominion Bank
TD
$128B
| $806M | 0.46% | 8,556,154 +243,800 | +3% | +$23M |
|
38
Verizon
VZ
$186B
| $798M | 0.46% | 16,233,607 -3,427,571 | -17% | -$168M |
|
39
RTX Corp
RTX
$212B
| $777M | 0.45% | 6,829,254 -843,667 | -11% | -$96M |
|
40
Royal Bank of Canada
RY
$205B
| $760M | 0.44% | 11,304,329 -18,983 | -0.2% | -$1.28M |
|
41
McDonald's
MCD
$224B
| $734M | 0.42% | 7,559,941 -648,056 | -8% | -$62.9M |
|
42
Mastercard
MA
$538B
| $731M | 0.42% | 875,147 -33,561 | -4% | -$28M |
|
|
VIAB
43
DELISTED
Viacom Inc. Class B
VIAB
| $720M | 0.41% | 8,248,890 -803,695 | -9% | -$70.2M |
|
44
Eaton
ETN
$136B
| $708M | 0.41% | 9,296,229 -173,264 | -2% | -$13.2M |
|
45
Union Pacific
UNP
$133B
| $696M | 0.4% | 4,142,256 -80,120 | -2% | -$13.5M |
|
46
3M
MMM
$82.8B
| $694M | 0.4% | 4,950,729 -463,311 | -9% | -$65M |
|
|
TFCFA
47
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $684M | 0.39% | 19,434,825 | – | – |
|
48
Meta Platforms (Facebook)
META
$1.86T
| $675M | 0.39% | 12,349,392 -502,631 | -4% | -$27.5M |
|
49
CVS Health
CVS
$92.8B
| $671M | 0.39% | 9,377,608 -1,581,947 | -14% | -$113M |
|
50
Amgen
AMGN
$155B
| $649M | 0.37% | 5,687,992 -499,715 | -8% | -$57M |
|