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 |
Walmart
WMT
|
$459M |
| 2 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
$401M |
| 3 |
Amazon
AMZN
|
$399M |
| 4 |
Tesla
TSLA
|
$368M |
| 5 |
T-Mobile US
TMUS
|
$295M |
Top Sells
| 1 |
Apple
AAPL
|
$939M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$434M |
| 3 |
Linde
LIN
|
$277M |
| 4 |
Blackrock
BLK
|
$232M |
| 5 |
Suncor Energy
SU
|
$176M |
Sector Composition
| 1 | Technology | 21.18% |
| 2 | Healthcare | 14.75% |
| 3 | Financials | 14.39% |
| 4 | Consumer Discretionary | 11.88% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Comcast
CMCSA
$125B
| $1.65B | 0.59% |
47,927,349
+335,728
| +0.7% | +$11.5M |
|
27
Exxon Mobil
XOM
$466B
| $1.62B | 0.58% |
42,762,960
-1,031,726
| -2% | -$39.2M |
|
28
Coca-Cola
KO
$292B
| $1.61B | 0.57% |
36,333,669
+73,572
| +0.2% | +$3.26M |
|
29
NextEra Energy, Inc.
NEE
$146B
| $1.59B | 0.57% |
26,477,960
-801,060
| -3% | -$48.2M |
|
|
30
Alphabet (Google) Class C
GOOG
$2.84T
| $1.59B | 0.57% |
27,322,000
-7,464,340
| -21% | -$434M |
|
31
Chevron
CVX
$310B
| $1.55B | 0.55% |
21,450,562
+162,826
| +0.8% | +$11.8M |
|
32
Adobe
ADBE
$148B
| $1.53B | 0.54% |
4,795,102
+260,170
| +6% | +$82.8M |
|
33
Bristol-Myers Squibb
BMY
$96B
| $1.52B | 0.54% |
27,281,913
+219,781
| +0.8% | +$12.3M |
|
34
Equity Residential
EQR
$25.5B
| $1.47B | 0.53% |
23,878,408
| – | – |
|
35
Netflix
NFLX
$529B
| $1.43B | 0.51% |
3,813,340
+117,126
| +3% | +$44M |
|
36
UBS Group
UBS
$128B
| $1.41B | 0.5% |
155,558,626
+11,750,166
| +8% | +$106M |
|
37
NVIDIA
NVDA
$4.07T
| $1.41B | 0.5% |
213,606,600
-13,798,840
| -6% | -$90.9M |
|
38
Costco
COST
$427B
| $1.35B | 0.48% |
4,743,540
+193,469
| +4% | +$55.2M |
|
39
Abbott
ABT
$231B
| $1.34B | 0.48% |
17,042,657
+196,884
| +1% | +$15.5M |
|
40
Thermo Fisher Scientific
TMO
$186B
| $1.34B | 0.48% |
4,712,806
+367,673
| +8% | +$104M |
|
41
McDonald's
MCD
$224B
| $1.32B | 0.47% |
7,986,179
-9,306
| -0.1% | -$1.54M |
|
42
Amgen
AMGN
$153B
| $1.25B | 0.45% |
6,178,853
-106,421
| -2% | -$21.6M |
|
43
Eli Lilly
LLY
$652B
| $1.22B | 0.44% |
8,811,343
-102,215
| -1% | -$14.2M |
|
44
Boston Properties
BXP
$12.2B
| $1.2B | 0.43% |
13,037,554
| – | – |
|
45
Medtronic
MDT
$119B
| $1.18B | 0.42% |
13,090,707
-1,443,031
| -10% | -$130M |
|
46
Salesforce
CRM
$239B
| $1.18B | 0.42% |
8,163,764
+29,782
| +0.4% | +$4.29M |
|
47
Alexandria Real Estate Equities
ARE
$14.5B
| $1.17B | 0.42% |
8,554,439
+1,932,607
| +29% | +$265M |
|
|
48
T-Mobile US
TMUS
$284B
| $1.14B | 0.41% |
13,646,048
+3,514,592
| +35% | +$295M |
|
49
Citigroup
C
$176B
| $1.13B | 0.4% |
26,889,198
-402,485
| -1% | -$17M |
|
50
AbbVie
ABBV
$375B
| $1.13B | 0.4% |
14,832,116
-446,907
| -3% | -$34M |
|