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 |
NVIDIA
NVDA
|
$3.37B |
| 2 |
Welltower
WELL
|
$816M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$743M |
| 4 |
Blackstone
BX
|
$671M |
| 5 |
AstraZeneca
AZN
|
$562M |
Top Sells
| 1 |
GE Aerospace
GE
|
$5.12B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$1.49B |
| 3 |
Microsoft
MSFT
|
$1.07B |
| 4 |
Apple
AAPL
|
$793M |
| 5 |
Applied Materials
AMAT
|
$549M |
Sector Composition
| 1 | Technology | 23.36% |
| 2 | Financials | 14.56% |
| 3 | Healthcare | 12.76% |
| 4 | Consumer Discretionary | 12.17% |
| 5 | Communication Services | 10.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Medtronic
MDT
$119B
| $1.67B | 0.37% | 13,339,291 -398,501 | -3% | -$50M |
|
52
Texas Instruments
TXN
$184B
| $1.64B | 0.36% | 8,532,341 -339,518 | -4% | -$65.3M |
|
53
Wells Fargo
WFC
$263B
| $1.62B | 0.36% | 34,997,487 -2,277,182 | -6% | -$106M |
|
54
Morgan Stanley
MS
$240B
| $1.62B | 0.36% | 16,600,366 -1,966,870 | -11% | -$191M |
|
|
55
Alphabet (Google) Class C
GOOG
$2.58T
| $1.61B | 0.36% | 604,195 +278,655 | +86% | +$743M |
|
56
Shopify
SHOP
$184B
| $1.5B | 0.33% | 1,109,062 +22,012 | +2% | +$29.8M |
|
57
Royal Bank of Canada
RY
$205B
| $1.48B | 0.33% | 14,920,253 -683,642 | -4% | -$67.9M |
|
58
Lowe's Companies
LOW
$145B
| $1.45B | 0.32% | 7,135,482 -169,165 | -2% | -$34.3M |
|
59
Toronto Dominion Bank
TD
$128B
| $1.42B | 0.31% | 21,409,979 +872,265 | +4% | +$57.7M |
|
60
Boston Properties
BXP
$11.5B
| $1.41B | 0.31% | 13,037,554 | – | – |
|
61
Bristol-Myers Squibb
BMY
$96B
| $1.36B | 0.3% | 23,050,335 -730,520 | -3% | -$43.2M |
|
62
AvalonBay Communities
AVB
$27.9B
| $1.32B | 0.29% | 5,936,186 | – | – |
|
63
Qualcomm
QCOM
$173B
| $1.31B | 0.29% | 10,193,653 +124,774 | +1% | +$16.1M |
|
64
RTX Corp
RTX
$212B
| $1.31B | 0.29% | 15,240,806 -1,430,658 | -9% | -$123M |
|
|
65
Welltower
WELL
$113B
| $1.28B | 0.28% | 15,559,841 +9,901,910 | +175% | +$816M |
|
66
Intuit
INTU
$186B
| $1.23B | 0.27% | 2,284,074 +55,336 | +2% | +$29.9M |
|
67
Starbucks
SBUX
$100B
| $1.23B | 0.27% | 11,122,148 -345,350 | -3% | -$38.1M |
|
68
United Parcel Service
UPS
$74.1B
| $1.22B | 0.27% | 6,679,609 +280,910 | +4% | +$51.2M |
|
69
Blackrock
BLK
$175B
| $1.2B | 0.27% | 1,433,594 -56,502 | -4% | -$47.4M |
|
70
Moderna
MRNA
$9.37B
| $1.19B | 0.26% | 3,090,117 -45,480 | -1% | -$17.5M |
|
71
Amgen
AMGN
$155B
| $1.18B | 0.26% | 5,554,829 -16,438 | -0.3% | -$3.5M |
|
72
Union Pacific
UNP
$133B
| $1.16B | 0.26% | 5,904,506 -390,267 | -6% | -$76.5M |
|
73
IBM
IBM
$227B
| $1.15B | 0.25% | 8,287,318 -229,504 | -3% | -$31.9M |
|
74
Invitation Homes
INVH
$19.2B
| $1.15B | 0.25% | 29,983,864 +8,744,402 | +41% | +$335M |
|
75
Target
TGT
$43.6B
| $1.15B | 0.25% | 5,023,032 -567,909 | -10% | -$130M |
|