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 |
Broadcom
AVGO
|
$487M |
| 2 |
Aptiv
APTV
|
$362M |
| 3 |
LyondellBasell Industries
LYB
|
$338M |
| 4 |
Alphabet (Google) Class C
GOOG
|
$284M |
| 5 |
NXP Semiconductors
NXPI
|
$204M |
Top Sells
| 1 |
EMC
EMC CORPORATION
EMC
|
$479M |
| 2 |
Duke Energy
DUK
|
$392M |
| 3 |
Verizon
VZ
|
$242M |
| 4 |
Herc Holdings
HRI
|
$177M |
| 5 |
Crown Castle
CCI
|
$174M |
Sector Composition
| 1 | Financials | 17.63% |
| 2 | Technology | 14.6% |
| 3 | Healthcare | 13.9% |
| 4 | Consumer Discretionary | 9.72% |
| 5 | Industrials | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
PepsiCo
PEP
$206B
| $1.42B | 0.67% |
13,710,981
+716,360
| +6% | +$74.4M |
|
27
Home Depot
HD
$405B
| $1.37B | 0.65% |
11,165,543
| – | – |
|
28
Cisco
CSCO
$268B
| $1.33B | 0.63% |
43,798,942
+357,693
| +0.8% | +$10.8M |
|
29
Citigroup
C
$174B
| $1.3B | 0.61% |
28,743,274
+261,503
| +0.9% | +$11.8M |
|
30
Aflac
AFL
$57.2B
| $1.28B | 0.6% |
18,630,646
-1,607,172
| -8% | -$110M |
|
31
IBM
IBM
$225B
| $1.26B | 0.59% |
8,276,913
+138,840
| +2% | +$21.1M |
|
32
Walt Disney
DIS
$213B
| $1.25B | 0.59% |
14,054,851
-282,287
| -2% | -$25M |
|
33
UnitedHealth
UNH
$280B
| $1.24B | 0.59% |
9,300,504
| – | – |
|
34
Berkshire Hathaway Class A
BRK.A
$1.09T
| $1.12B | 0.53% |
5,413
+167
| +3% | +$34.5M |
|
35
Amgen
AMGN
$155B
| $1.09B | 0.51% |
6,816,545
+43,577
| +0.6% | +$6.94M |
|
36
Ameriprise Financial
AMP
$48.5B
| $1.06B | 0.5% |
11,112,689
-6,690
| -0.1% | -$637K |
|
37
Oracle
ORCL
$633B
| $1.04B | 0.49% |
27,788,429
+400,058
| +1% | +$15M |
|
38
Gilead Sciences
GILD
$140B
| $1.04B | 0.49% |
13,785,427
+194,177
| +1% | +$14.7M |
|
39
Schlumberger
SLB
$53.6B
| $1.04B | 0.49% |
13,817,921
+857,948
| +7% | +$64.4M |
|
|
40
Broadcom
AVGO
$1.4T
| $1.04B | 0.49% |
6,486,865
+3,048,962
| +89% | +$487M |
|
41
Hilton Worldwide
HLT
$64.9B
| $1.03B | 0.49% |
46,885,805
| – | – |
|
42
3M
MMM
$82.8B
| $949M | 0.45% |
5,640,959
-85,000
| -1% | -$14.3M |
|
43
Qualcomm
QCOM
$171B
| $887M | 0.42% |
13,555,107
+813,119
| +6% | +$53.2M |
|
44
Medtronic
MDT
$120B
| $878M | 0.41% |
10,637,706
-454,769
| -4% | -$37.5M |
|
45
CVS Health
CVS
$94B
| $872M | 0.41% |
10,258,471
+1,410,234
| +16% | +$120M |
|
46
McDonald's
MCD
$225B
| $859M | 0.41% |
7,794,903
-28,379
| -0.4% | -$3.13M |
|
47
Mastercard
MA
$535B
| $798M | 0.38% |
8,208,923
| – | – |
|
48
AbbVie
ABBV
$374B
| $795M | 0.38% |
13,191,247
-334,371
| -2% | -$20.1M |
|
49
Union Pacific
UNP
$133B
| $757M | 0.36% |
8,125,821
+913,647
| +13% | +$85.1M |
|
|
50
Berkshire Hathaway Class B
BRK.B
$1.08T
| $739M | 0.35% |
5,354,537
-211,550
| -4% | -$29.2M |
|