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 | |
|---|---|---|---|---|---|---|
|
GGP
51
DELISTED
GGP Inc.
GGP
| $712M | 0.34% |
27,015,789
-107,995
| -0.4% | -$2.85M |
|
52
Eli Lilly
LLY
$659B
| $703M | 0.33% |
9,168,580
-82,819
| -0.9% | -$6.35M |
|
|
53
LyondellBasell Industries
LYB
$18B
| $702M | 0.33% |
9,271,973
+4,462,613
| +93% | +$338M |
|
54
Kraft Heinz
KHC
$30.8B
| $700M | 0.33% |
8,183,516
+1,011,586
| +14% | +$86.5M |
|
55
United Parcel Service
UPS
$72.2B
| $688M | 0.33% |
6,585,453
+373,276
| +6% | +$39M |
|
56
Accenture
ACN
$160B
| $683M | 0.32% |
5,854,428
+60,224
| +1% | +$7.03M |
|
57
RTX Corp
RTX
$212B
| $676M | 0.32% |
6,967,307
-399,615
| -5% | -$38.8M |
|
58
Bristol-Myers Squibb
BMY
$96.5B
| $673M | 0.32% |
13,072,048
+466,268
| +4% | +$24M |
|
59
NextEra Energy, Inc.
NEE
$150B
| $671M | 0.32% |
5,747,246
-378,555
| -6% | -$44.2M |
|
60
Royal Bank of Canada
RY
$204B
| $666M | 0.31% |
11,280,616
| – | – |
|
|
AGN
61
DELISTED
Allergan plc
AGN
| $665M | 0.31% |
3,021,187
+48,278
| +2% | +$10.6M |
|
62
Texas Instruments
TXN
$182B
| $663M | 0.31% |
9,885,296
+177,672
| +2% | +$11.9M |
|
|
63
Aptiv
APTV
$17.1B
| $655M | 0.31% |
9,613,610
+5,312,468
| +124% | +$362M |
|
64
Equinix
EQIX
$75.5B
| $625M | 0.3% |
1,817,821
-188,166
| -9% | -$64.7M |
|
65
Teva Pharmaceuticals
TEVA
$21.5B
| $618M | 0.29% |
14,058,606
-329,033
| -2% | -$14.5M |
|
66
Biogen
BIIB
$20.5B
| $612M | 0.29% |
2,046,202
+148,133
| +8% | +$44.3M |
|
67
Scotiabank
BNS
$77.2B
| $611M | 0.29% |
12,101,624
-484,909
| -4% | -$24.5M |
|
68
Starbucks
SBUX
$102B
| $611M | 0.29% |
11,821,810
+256,400
| +2% | +$13.3M |
|
69
Toronto Dominion Bank
TD
$127B
| $606M | 0.29% |
14,321,078
-201,220
| -1% | -$8.52M |
|
70
Abbott
ABT
$229B
| $588M | 0.28% |
14,545,355
+1,789,733
| +14% | +$72.3M |
|
71
Boston Properties
BXP
$11.5B
| $582M | 0.28% |
4,471,362
| – | – |
|
72
US Bancorp
USB
$75.5B
| $576M | 0.27% |
14,067,080
-95,488
| -0.7% | -$3.91M |
|
73
Thermo Fisher Scientific
TMO
$184B
| $565M | 0.27% |
3,717,277
-108,600
| -3% | -$16.5M |
|
74
Costco
COST
$416B
| $564M | 0.27% |
3,870,375
-261,798
| -6% | -$38.1M |
|
75
Mondelez International
MDLZ
$80B
| $557M | 0.26% |
13,273,160
-280,501
| -2% | -$11.8M |
|