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 |
Alcon
ALC
|
$635M |
| 2 |
Alexandria Real Estate Equities
ARE
|
$477M |
| 3 |
Dow Inc
DOW
|
$359M |
| 4 |
UBS Group
UBS
|
$238M |
| 5 |
Uber
UBER
|
$183M |
Top Sells
| 1 |
DuPont de Nemours
DD
|
$765M |
| 2 |
Ameriprise Financial
AMP
|
$281M |
| 3 |
Johnson Controls International
JCI
|
$235M |
| 4 |
Linde
LIN
|
$211M |
| 5 |
Baxter International
BAX
|
$203M |
Sector Composition
| 1 | Technology | 18.07% |
| 2 | Financials | 16.91% |
| 3 | Healthcare | 13.48% |
| 4 | Consumer Discretionary | 11.5% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Thermo Fisher Scientific
TMO
$184B
| $1.15B | 0.36% |
3,928,145
-250,474
| -6% | -$73.6M |
|
52
Texas Instruments
TXN
$182B
| $1.15B | 0.36% |
10,042,806
+345,522
| +4% | +$39.7M |
|
53
Toronto Dominion Bank
TD
$127B
| $1.13B | 0.35% |
19,266,900
+382,537
| +2% | +$22.4M |
|
54
Broadcom
AVGO
$1.4T
| $1.12B | 0.35% |
3,886,219
+22,522
| +0.6% | +$6.48M |
|
55
AbbVie
ABBV
$374B
| $1.12B | 0.34% |
15,348,246
+336,193
| +2% | +$24.4M |
|
56
Starbucks
SBUX
$102B
| $1.08B | 0.33% |
12,823,894
+6,454
| +0.1% | +$541K |
|
57
Blackrock
BLK
$173B
| $1.07B | 0.33% |
2,273,962
-131,941
| -5% | -$61.9M |
|
58
Salesforce
CRM
$242B
| $1.05B | 0.32% |
6,924,586
-130,406
| -2% | -$19.8M |
|
59
Nike
NKE
$110B
| $1.04B | 0.32% |
12,431,368
-118,022
| -0.9% | -$9.91M |
|
60
Danaher
DHR
$146B
| $1.04B | 0.32% |
7,260,616
-64,516
| -0.9% | -$9.22M |
|
61
RTX Corp
RTX
$212B
| $1.04B | 0.32% |
7,956,971
+300,127
| +4% | +$39.1M |
|
62
Eli Lilly
LLY
$659B
| $994M | 0.31% |
8,968,662
+52,083
| +0.6% | +$5.77M |
|
63
NVIDIA
NVDA
$4.16T
| $956M | 0.3% |
5,822,036
+512,500
| +10% | +$84.2M |
|
64
T-Mobile US
TMUS
$288B
| $931M | 0.29% |
12,555,038
+576,539
| +5% | +$42.7M |
|
65
Qualcomm
QCOM
$171B
| $916M | 0.28% |
12,045,733
-259,993
| -2% | -$19.8M |
|
66
Gilead Sciences
GILD
$140B
| $906M | 0.28% |
13,412,617
+181,374
| +1% | +$12.3M |
|
67
Booking.com
BKNG
$178B
| $897M | 0.28% |
478,485
+3,228
| +0.7% | +$6.05M |
|
68
American Express
AXP
$230B
| $872M | 0.27% |
7,066,632
+134,417
| +2% | +$16.6M |
|
69
3M
MMM
$82.2B
| $862M | 0.27% |
4,975,366
| – | – |
|
70
Lowe's Companies
LOW
$145B
| $840M | 0.26% |
8,325,636
+100,000
| +1% | +$10.1M |
|
71
Mondelez International
MDLZ
$80B
| $827M | 0.26% |
15,342,655
-826,982
| -5% | -$44.6M |
|
72
GE Aerospace
GE
$292B
| $824M | 0.25% |
78,513,182
+1,711,019
| +2% | +$18M |
|
73
Sempra
SRE
$54.1B
| $823M | 0.25% |
5,985,459
-44,098
| -0.7% | -$6.06M |
|
74
US Bancorp
USB
$75.5B
| $779M | 0.24% |
14,872,996
-1,100,000
| -7% | -$57.6M |
|
75
Bristol-Myers Squibb
BMY
$96.5B
| $778M | 0.24% |
17,151,925
+12,733
| +0.1% | +$577K |
|