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 |
Microsoft
MSFT
|
$864M |
| 2 |
UBS Group
UBS
|
$761M |
| 3 |
Apple
AAPL
|
$743M |
| 4 |
JPMorgan Chase
JPM
|
$590M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$539M |
Top Sells
| 1 |
Bank of America
BAC
|
$703M |
| 2 |
Oracle
ORCL
|
$535M |
| 3 |
T-Mobile US
TMUS
|
$390M |
| 4 |
Meta Platforms (Facebook)
META
|
$298M |
| 5 |
Deutsche Bank
DB
|
$233M |
Sector Composition
| 1 | Technology | 26.13% |
| 2 | Financials | 13.76% |
| 3 | Healthcare | 13.71% |
| 4 | Consumer Discretionary | 10.81% |
| 5 | Communication Services | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Abbott
ABT
$231B
| $1.79B | 0.39% | 17,704,183 +455,661 | +3% | +$46.1M |
|
52
Royal Bank of Canada
RY
$205B
| $1.69B | 0.37% | 17,683,720 +840,614 | +5% | +$80.4M |
|
53
Texas Instruments
TXN
$184B
| $1.63B | 0.36% | 8,751,523 -620,009 | -7% | -$115M |
|
54
Arthur J. Gallagher & Co
AJG
$77.6B
| $1.6B | 0.35% | 8,380,515 +786,434 | +10% | +$150M |
|
55
RTX Corp
RTX
$212B
| $1.58B | 0.34% | 16,091,054 +429,061 | +3% | +$42M |
|
56
United Parcel Service
UPS
$74.1B
| $1.46B | 0.32% | 7,500,804 +277,938 | +4% | +$53.9M |
|
57
Lowe's Companies
LOW
$145B
| $1.45B | 0.32% | 7,267,045 -67,158 | -0.9% | -$13.4M |
|
58
Nike
NKE
$114B
| $1.44B | 0.31% | 11,713,362 +216,884 | +2% | +$26.6M |
|
59
Intuit
INTU
$186B
| $1.38B | 0.3% | 3,098,323 +83,402 | +3% | +$37.2M |
|
60
Toronto Dominion Bank
TD
$128B
| $1.35B | 0.3% | 22,555,456 -368,279 | -2% | -$22.1M |
|
61
Booking.com
BKNG
$181B
| $1.35B | 0.3% | 508,853 -21,166 | -4% | -$56.1M |
|
62
Intel
INTC
$107B
| $1.34B | 0.29% | 41,164,706 -187,512 | -0.5% | -$6.13M |
|
63
Amgen
AMGN
$155B
| $1.31B | 0.29% | 5,436,784 +289,899 | +6% | +$70.1M |
|
64
Deere & Co
DE
$129B
| $1.31B | 0.29% | 3,169,174 +76,123 | +2% | +$31.4M |
|
65
Starbucks
SBUX
$100B
| $1.31B | 0.29% | 12,563,894 +235,963 | +2% | +$24.6M |
|
66
Analog Devices
ADI
$124B
| $1.29B | 0.28% | 6,563,918 +222,430 | +4% | +$43.9M |
|
67
Welltower
WELL
$113B
| $1.26B | 0.28% | 17,617,550 +762,777 | +5% | +$54.7M |
|
68
Canadian Pacific Kansas City
CP
$69.9B
| $1.25B | 0.27% | 16,221,834 +982,049 | +6% | +$75.6M |
|
69
Union Pacific
UNP
$133B
| $1.23B | 0.27% | 6,132,508 -32,065 | -0.5% | -$6.45M |
|
70
S&P Global
SPGI
$167B
| $1.2B | 0.26% | 3,476,817 +154,027 | +5% | +$53.1M |
|
71
Invitation Homes
INVH
$19.2B
| $1.19B | 0.26% | 38,026,599 | – | – |
|
72
Caterpillar
CAT
$196B
| $1.18B | 0.26% | 5,173,666 +267,776 | +5% | +$61.3M |
|
73
Gilead Sciences
GILD
$140B
| $1.17B | 0.26% | 14,129,857 +1,139,918 | +9% | +$94.6M |
|
74
IBM
IBM
$227B
| $1.15B | 0.25% | 8,797,468 +2,579,753 | +41% | +$338M |
|
75
PayPal
PYPL
$67.1B
| $1.15B | 0.25% | 15,151,113 +796,540 | +6% | +$60.5M |
|