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 |
CSX Corp
CSX
|
$495M |
| 2 |
Canadian Pacific Kansas City
CP
|
$455M |
| 3 |
Sherwin-Williams
SHW
|
$406M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$344M |
| 5 |
UDR
UDR
|
$344M |
Top Sells
| 1 |
Apple
AAPL
|
$1.03B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$976M |
| 3 |
Citigroup
C
|
$352M |
| 4 |
Linde
LIN
|
$351M |
| 5 |
Microsoft
MSFT
|
$331M |
Sector Composition
| 1 | Technology | 23.31% |
| 2 | Financials | 14.41% |
| 3 | Healthcare | 12.63% |
| 4 | Consumer Discretionary | 12.55% |
| 5 | Communication Services | 10.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Medtronic
MDT
$119B
| $1.71B | 0.37% | 13,737,792 -449,651 | -3% | -$55.8M |
|
52
Morgan Stanley
MS
$240B
| $1.7B | 0.37% | 18,567,236 -9,783 | -0.1% | -$897K |
|
53
Accenture
ACN
$162B
| $1.7B | 0.37% | 5,754,898 -237,238 | -4% | -$69.9M |
|
54
Wells Fargo
WFC
$263B
| $1.69B | 0.37% | 37,274,669 +684,274 | +2% | +$31M |
|
55
Applied Materials
AMAT
$128B
| $1.68B | 0.37% | 11,828,271 -421,100 | -3% | -$60M |
|
56
Bristol-Myers Squibb
BMY
$96B
| $1.59B | 0.34% | 23,780,855 -1,332,893 | -5% | -$89.1M |
|
57
Shopify
SHOP
$184B
| $1.59B | 0.34% | 1,087,050 +12,379 | +1% | +$18.1M |
|
58
Royal Bank of Canada
RY
$205B
| $1.58B | 0.34% | 15,603,895 -676,934 | -4% | -$68.6M |
|
59
Boston Properties
BXP
$11.5B
| $1.49B | 0.32% | 13,037,554 | – | – |
|
60
Qualcomm
QCOM
$173B
| $1.44B | 0.31% | 10,068,879 -733,586 | -7% | -$105M |
|
61
Toronto Dominion Bank
TD
$128B
| $1.44B | 0.31% | 20,537,714 +47,037 | +0.2% | +$3.3M |
|
62
RTX Corp
RTX
$212B
| $1.42B | 0.31% | 16,671,464 +516,458 | +3% | +$44.1M |
|
63
Lowe's Companies
LOW
$145B
| $1.42B | 0.31% | 7,304,647 -423,299 | -5% | -$82.1M |
|
64
Union Pacific
UNP
$133B
| $1.38B | 0.3% | 6,294,773 -470,666 | -7% | -$104M |
|
65
Amgen
AMGN
$155B
| $1.36B | 0.29% | 5,571,267 -302,716 | -5% | -$73.8M |
|
66
Target
TGT
$43.6B
| $1.35B | 0.29% | 5,590,941 +221,160 | +4% | +$53.5M |
|
67
United Parcel Service
UPS
$74.1B
| $1.33B | 0.29% | 6,398,699 -184,891 | -3% | -$38.5M |
|
68
Blackrock
BLK
$175B
| $1.3B | 0.28% | 1,490,096 -144,681 | -9% | -$127M |
|
69
Starbucks
SBUX
$100B
| $1.28B | 0.28% | 11,467,498 -91,445 | -0.8% | -$10.2M |
|
|
70
Citigroup
C
$178B
| $1.27B | 0.28% | 17,952,779 -4,970,602 | -22% | -$352M |
|
71
Eaton
ETN
$136B
| $1.25B | 0.27% | 8,463,520 +495,183 | +6% | +$73.4M |
|
72
IBM
IBM
$227B
| $1.25B | 0.27% | 8,516,822 -388,805 | -4% | -$57M |
|
73
AvalonBay Communities
AVB
$27.9B
| $1.24B | 0.27% | 5,936,186 +1,185,948 | +25% | +$247M |
|
74
Deere & Co
DE
$129B
| $1.18B | 0.26% | 3,340,252 -385,840 | -10% | -$136M |
|
75
CVS Health
CVS
$92.8B
| $1.14B | 0.25% | 13,691,662 -643,470 | -4% | -$53.7M |
|