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 |
Starbucks
SBUX
|
$297M |
| 2 |
Wells Fargo
WFC
|
$292M |
| 3 |
AT&T
T
|
$281M |
| 4 |
Kilroy Realty
KRC
|
$258M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
$165M |
Top Sells
| 1 |
UBS Group
UBS
|
$2.59B |
| 2 |
Medtronic
MDT
|
$888M |
| 3 |
AGN
Allergan plc
AGN
|
$875M |
| 4 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
$360M |
| 5 |
Stellantis
STLA
|
$320M |
Sector Composition
| 1 | Financials | 18.12% |
| 2 | Technology | 14.12% |
| 3 | Healthcare | 13.56% |
| 4 | Consumer Discretionary | 9.53% |
| 5 | Industrials | 9.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
ConocoPhillips
COP
$124B
| $685M | 0.34% | 11,152,951 -78,101 | -0.7% | -$4.8M |
|
52
Biogen
BIIB
$19.4B
| $677M | 0.34% | 1,676,323 +25,736 | +2% | +$10.4M |
|
|
CELG
53
DELISTED
Celgene Corp
CELG
| $666M | 0.33% | 5,756,384 +122,444 | +2% | +$14.2M |
|
54
Toronto Dominion Bank
TD
$128B
| $642M | 0.32% | 15,103,316 -360,208 | -2% | -$15.3M |
|
55
Union Pacific
UNP
$133B
| $634M | 0.32% | 6,642,857 -577,320 | -8% | -$55.1M |
|
|
GGP
56
DELISTED
GGP Inc.
GGP
| $625M | 0.31% | 24,360,296 +2,197,695 | +10% | +$56.4M |
|
57
American Express
AXP
$231B
| $620M | 0.31% | 7,980,873 +215,199 | +3% | +$16.7M |
|
58
Abbott
ABT
$231B
| $617M | 0.31% | 12,564,693 +192,183 | +2% | +$9.43M |
|
|
WBA
59
DELISTED
Walgreens Boots Alliance
WBA
| $612M | 0.31% | 7,253,218 +238,136 | +3% | +$20.1M |
|
60
Mondelez International
MDLZ
$79.5B
| $602M | 0.3% | 14,639,726 -251,644 | -2% | -$10.4M |
|
|
VIAB
61
DELISTED
Viacom Inc. Class B
VIAB
| $597M | 0.3% | 9,237,889 +600,000 | +7% | +$38.8M |
|
62
Eaton
ETN
$136B
| $592M | 0.3% | 8,766,405 +52,751 | +0.6% | +$3.56M |
|
|
63
Starbucks
SBUX
$100B
| $585M | 0.29% | 10,905,045 +5,532,095 | +103% | +$297M |
|
64
US Bancorp
USB
$76B
| $579M | 0.29% | 13,342,920 | – | – |
|
65
Danaher
DHR
$147B
| $579M | 0.29% | 6,762,425 -347,000 | -5% | -$29.7M |
|
66
eBay
EBAY
$41.4B
| $570M | 0.28% | 9,460,722 +673,184 | +8% | +$40.6M |
|
67
Cummins
CMI
$54.9B
| $568M | 0.28% | 4,329,148 +137,349 | +3% | +$18M |
|
68
Prologis
PLD
$106B
| $565M | 0.28% | 15,221,066 | – | – |
|
69
Teva Pharmaceuticals
TEVA
$21.1B
| $555M | 0.28% | 9,387,741 -1,117,967 | -11% | -$66.1M |
|
70
Scotiabank
BNS
$77.6B
| $549M | 0.27% | 10,632,956 +576,339 | +6% | +$29.8M |
|
71
United Parcel Service
UPS
$74.1B
| $546M | 0.27% | 5,637,582 | – | – |
|
72
Bausch Health
BHC
$2.74B
| $542M | 0.27% | 2,438,778 -74,901 | -3% | -$16.6M |
|
|
ESRX
73
DELISTED
Express Scripts Holding Company
ESRX
| $539M | 0.27% | 6,060,339 +151,009 | +3% | +$13.4M |
|
74
American International
AIG
$45.1B
| $534M | 0.27% | 8,637,842 -218,365 | -2% | -$13.5M |
|
75
Lowe's Companies
LOW
$145B
| $526M | 0.26% | 7,852,210 -78,269 | -1% | -$5.24M |
|