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 |
Verizon
VZ
|
$1.19B |
| 2 |
Mastercard
MA
|
$726M |
| 3 |
Toronto Dominion Bank
TD
|
$384M |
| 4 |
Liberty Global Class C
LBTYK
|
$265M |
| 5 |
Pentair
PNR
|
$228M |
Top Sells
| 1 |
BEAM
BEAM INC COM STK (DE)
BEAM
|
$165M |
| 2 |
Republic Services
RSG
|
$102M |
| 3 |
Schlumberger
SLB
|
$102M |
| 4 |
Telus
TU
|
$99.7M |
| 5 |
Visa
V
|
$95.7M |
Sector Composition
| 1 | Financials | 19.36% |
| 2 | Technology | 13.23% |
| 3 | Healthcare | 12.11% |
| 4 | Industrials | 9.97% |
| 5 | Energy | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
American Express
AXP
$227B
| $644M | 0.36% |
7,156,889
+416,277
| +6% | +$37.5M |
|
52
Bristol-Myers Squibb
BMY
$97.1B
| $628M | 0.35% |
12,095,463
+150,000
| +1% | +$7.79M |
|
|
TFCFA
53
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $621M | 0.35% |
19,434,825
| – | – |
|
54
AbbVie
ABBV
$375B
| $598M | 0.34% |
11,643,048
| – | – |
|
55
Berkshire Hathaway Class B
BRK.B
$1.08T
| $597M | 0.34% |
4,776,274
| – | – |
|
56
Cummins
CMI
$54.3B
| $593M | 0.33% |
3,983,003
+50,295
| +1% | +$7.49M |
|
57
ConocoPhillips
COP
$118B
| $589M | 0.33% |
8,378,229
+663,896
| +9% | +$46.7M |
|
58
Occidental Petroleum
OXY
$45.6B
| $582M | 0.33% |
6,110,076
| – | – |
|
59
Danaher
DHR
$145B
| $581M | 0.33% |
7,750,759
-599,170
| -7% | -$44.9M |
|
|
GGP
60
DELISTED
GGP Inc.
GGP
| $579M | 0.33% |
26,306,276
+1,000,000
| +4% | +$22M |
|
|
61
Pentair
PNR
$17.5B
| $565M | 0.32% |
7,120,596
+2,869,604
| +68% | +$228M |
|
62
Aon
AON
$80.3B
| $560M | 0.32% |
6,649,985
-620,000
| -9% | -$52.3M |
|
63
Scotiabank
BNS
$77.6B
| $553M | 0.31% |
9,531,310
+249,294
| +3% | +$14.5M |
|
|
TWX
64
DELISTED
Time Warner Inc
TWX
| $543M | 0.31% |
8,312,244
+7,855
| +0.1% | +$513K |
|
65
Eli Lilly
LLY
$660B
| $537M | 0.3% |
9,118,434
+226,747
| +3% | +$13.3M |
|
66
Seagate
STX
$36.4B
| $535M | 0.3% |
9,524,831
-1,056,005
| -10% | -$59.3M |
|
67
US Bancorp
USB
$75.5B
| $516M | 0.29% |
12,041,763
| – | – |
|
68
Biogen
BIIB
$20.9B
| $511M | 0.29% |
1,671,668
| – | – |
|
69
eBay
EBAY
$41.1B
| $506M | 0.29% |
9,159,587
| – | – |
|
70
United Parcel Service
UPS
$72.2B
| $498M | 0.28% |
5,112,869
+41,928
| +0.8% | +$4.08M |
|
71
Mondelez International
MDLZ
$79B
| $487M | 0.28% |
14,107,179
+720,400
| +5% | +$24.9M |
|
72
Medtronic
MDT
$119B
| $487M | 0.27% |
7,912,631
+76,392
| +1% | +$4.7M |
|
73
Abbott
ABT
$228B
| $483M | 0.27% |
12,530,983
-50,933
| -0.4% | -$1.96M |
|
74
Ford
F
$46.4B
| $475M | 0.27% |
30,433,146
+1,677,248
| +6% | +$26.2M |
|
75
Halliburton
HAL
$18.5B
| $473M | 0.27% |
8,025,525
+100,789
| +1% | +$5.94M |
|