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 |
Alphabet (Google) Class C
GOOG
|
$2.27B |
| 2 |
Shell
SHEL
|
$668M |
| 3 |
S&P Global
SPGI
|
$613M |
| 4 |
Thermo Fisher Scientific
TMO
|
$548M |
| 5 |
Advanced Micro Devices
AMD
|
$527M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
$2.22B |
| 2 |
Chevron
CVX
|
$1.39B |
| 3 |
Nucor
NUE
|
$590M |
| 4 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
$579M |
| 5 |
XLNX
Xilinx Inc
XLNX
|
$487M |
Sector Composition
| 1 | Technology | 24.3% |
| 2 | Financials | 14.64% |
| 3 | Healthcare | 12.85% |
| 4 | Consumer Discretionary | 11.35% |
| 5 | Communication Services | 8.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Royal Bank of Canada
RY
$204B
| $1.66B | 0.36% |
15,060,630
-342,321
| -2% | -$37.7M |
|
52
Netflix
NFLX
$516B
| $1.62B | 0.35% |
4,333,002
-2,948
| -0.1% | -$1.1M |
|
|
53
Advanced Micro Devices
AMD
$263B
| $1.61B | 0.35% |
14,710,093
+4,820,364
| +49% | +$527M |
|
54
Union Pacific
UNP
$132B
| $1.59B | 0.35% |
5,830,829
+77,144
| +1% | +$21.1M |
|
55
Wells Fargo
WFC
$262B
| $1.58B | 0.34% |
32,572,065
-76,340
| -0.2% | -$3.7M |
|
56
Nike
NKE
$110B
| $1.58B | 0.34% |
11,705,212
+337,325
| +3% | +$45.4M |
|
57
Texas Instruments
TXN
$182B
| $1.55B | 0.34% |
8,472,373
+328,425
| +4% | +$60.3M |
|
58
Boston Properties
BXP
$11.5B
| $1.55B | 0.34% |
12,050,159
-987,395
| -8% | -$127M |
|
59
Welltower
WELL
$112B
| $1.5B | 0.33% |
15,559,841
| – | – |
|
60
AvalonBay Communities
AVB
$26.9B
| $1.47B | 0.32% |
5,936,186
| – | – |
|
61
Medtronic
MDT
$120B
| $1.47B | 0.32% |
13,205,787
+163,516
| +1% | +$18.1M |
|
62
RTX Corp
RTX
$212B
| $1.46B | 0.32% |
14,737,569
-103,777
| -0.7% | -$10.3M |
|
63
United Parcel Service
UPS
$72.2B
| $1.42B | 0.31% |
6,625,667
+98,022
| +2% | +$21M |
|
64
Bristol-Myers Squibb
BMY
$96.5B
| $1.39B | 0.3% |
19,080,808
-3,597,010
| -16% | -$263M |
|
65
Lowe's Companies
LOW
$145B
| $1.37B | 0.3% |
6,780,607
+5,490
| +0.1% | +$1.11M |
|
66
Morgan Stanley
MS
$238B
| $1.37B | 0.3% |
15,678,483
-381,266
| -2% | -$33.3M |
|
67
CVS Health
CVS
$94B
| $1.37B | 0.3% |
13,533,493
+477,993
| +4% | +$48.4M |
|
68
Arthur J. Gallagher & Co
AJG
$77.6B
| $1.34B | 0.29% |
7,657,802
+746,262
| +11% | +$130M |
|
|
69
S&P Global
SPGI
$165B
| $1.33B | 0.29% |
3,236,640
+1,494,367
| +86% | +$613M |
|
70
Deere & Co
DE
$129B
| $1.22B | 0.27% |
2,942,889
+143,892
| +5% | +$59.8M |
|
71
Invitation Homes
INVH
$18.6B
| $1.2B | 0.26% |
29,983,864
| – | – |
|
72
Charles Schwab
SCHW
$174B
| $1.18B | 0.26% |
13,987,723
+577,551
| +4% | +$48.7M |
|
73
Intuit
INTU
$185B
| $1.17B | 0.25% |
2,431,154
+110,888
| +5% | +$53.3M |
|
74
PayPal
PYPL
$66.2B
| $1.16B | 0.25% |
10,050,542
+113,759
| +1% | +$13.2M |
|
75
Regency Centers
REG
$13.1B
| $1.15B | 0.25% |
16,179,323
| – | – |
|