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 |
Intuitive Surgical
ISRG
|
$704M |
| 2 |
Walmart
WMT
|
$635M |
| 3 |
T-Mobile US
TMUS
|
$554M |
| 4 |
Alphabet (Google) Class C
GOOG
|
$501M |
| 5 |
Autodesk
ADSK
|
$411M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
$899M |
| 2 |
Apple
AAPL
|
$724M |
| 3 |
Visa
V
|
$409M |
| 4 |
KSU
Kansas City Southern
KSU
|
$251M |
| 5 |
Automatic Data Processing
ADP
|
$222M |
Sector Composition
| 1 | Technology | 24.84% |
| 2 | Financials | 13.82% |
| 3 | Healthcare | 12.74% |
| 4 | Consumer Discretionary | 11.89% |
| 5 | Communication Services | 9.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Merck
MRK
$210B
| $1.82B | 0.37% | 23,786,901 -2,349,731 | -9% | -$180M |
|
52
Lowe's Companies
LOW
$145B
| $1.75B | 0.36% | 6,775,117 -360,365 | -5% | -$93.1M |
|
53
AT&T
T
$209B
| $1.74B | 0.36% | 70,733,904 +278,787 | +0.4% | +$6.86M |
|
54
Toronto Dominion Bank
TD
$128B
| $1.7B | 0.35% | 22,132,369 +722,390 | +3% | +$55.4M |
|
55
Royal Bank of Canada
RY
$205B
| $1.64B | 0.34% | 15,402,951 +482,698 | +3% | +$51.3M |
|
56
Shopify
SHOP
$184B
| $1.58B | 0.32% | 1,145,876 +36,814 | +3% | +$50.7M |
|
57
Morgan Stanley
MS
$240B
| $1.58B | 0.32% | 16,059,749 -540,617 | -3% | -$53.1M |
|
58
Wells Fargo
WFC
$263B
| $1.57B | 0.32% | 32,648,405 -2,349,082 | -7% | -$113M |
|
59
Texas Instruments
TXN
$184B
| $1.53B | 0.32% | 8,143,948 -388,393 | -5% | -$73.2M |
|
|
60
Autodesk
ADSK
$67.3B
| $1.5B | 0.31% | 5,351,912 +1,463,200 | +38% | +$411M |
|
61
Boston Properties
BXP
$11.5B
| $1.5B | 0.31% | 13,037,554 | – | – |
|
62
AvalonBay Communities
AVB
$27.9B
| $1.5B | 0.31% | 5,936,186 | – | – |
|
63
Intuit
INTU
$186B
| $1.49B | 0.31% | 2,320,266 +36,192 | +2% | +$23.3M |
|
64
Union Pacific
UNP
$133B
| $1.45B | 0.3% | 5,753,685 -150,821 | -3% | -$38M |
|
65
Advanced Micro Devices
AMD
$264B
| $1.42B | 0.29% | 9,889,729 -384,447 | -4% | -$55.3M |
|
66
Bristol-Myers Squibb
BMY
$96B
| $1.41B | 0.29% | 22,677,818 -372,517 | -2% | -$23.2M |
|
67
United Parcel Service
UPS
$74.1B
| $1.4B | 0.29% | 6,527,645 -151,964 | -2% | -$32.6M |
|
68
Invitation Homes
INVH
$19.2B
| $1.36B | 0.28% | 29,983,864 | – | – |
|
69
Medtronic
MDT
$119B
| $1.35B | 0.28% | 13,042,271 -297,020 | -2% | -$30.7M |
|
70
CVS Health
CVS
$92.8B
| $1.35B | 0.28% | 13,055,500 -67,996 | -0.5% | -$7.01M |
|
71
Welltower
WELL
$113B
| $1.33B | 0.27% | 15,559,841 | – | – |
|
72
RTX Corp
RTX
$212B
| $1.28B | 0.26% | 14,841,346 -399,460 | -3% | -$34.4M |
|
73
Eaton
ETN
$136B
| $1.24B | 0.25% | 7,147,979 -186,246 | -3% | -$32.2M |
|
74
Blackrock
BLK
$175B
| $1.23B | 0.25% | 1,344,370 -89,224 | -6% | -$81.7M |
|
75
Regency Centers
REG
$13.2B
| $1.22B | 0.25% | 16,179,323 | – | – |
|