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 |
Alcon
ALC
|
$635M |
| 2 |
Alexandria Real Estate Equities
ARE
|
$477M |
| 3 |
Dow Inc
DOW
|
$359M |
| 4 |
UBS Group
UBS
|
$238M |
| 5 |
Uber
UBER
|
$183M |
Top Sells
| 1 |
DuPont de Nemours
DD
|
$765M |
| 2 |
Ameriprise Financial
AMP
|
$281M |
| 3 |
Johnson Controls International
JCI
|
$235M |
| 4 |
Linde
LIN
|
$211M |
| 5 |
Baxter International
BAX
|
$203M |
Sector Composition
| 1 | Technology | 18.07% |
| 2 | Financials | 16.91% |
| 3 | Healthcare | 13.48% |
| 4 | Consumer Discretionary | 11.5% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Caterpillar
CAT
$195B
| $770M | 0.24% |
5,651,618
-200,000
| -3% | -$27.3M |
|
77
Morgan Stanley
MS
$238B
| $769M | 0.24% |
17,556,193
-481,994
| -3% | -$21.1M |
|
78
Scotiabank
BNS
$77.2B
| $760M | 0.24% |
14,128,130
-504,997
| -3% | -$27.2M |
|
|
CELG
79
DELISTED
Celgene Corp
CELG
| $753M | 0.23% |
8,144,082
+532,394
| +7% | +$49.2M |
|
80
Lear
LEA
$5.85B
| $740M | 0.23% |
5,315,199
| – | – |
|
81
Prudential Financial
PRU
$37.8B
| $740M | 0.23% |
7,328,126
-689,826
| -9% | -$69.7M |
|
82
ConocoPhillips
COP
$124B
| $739M | 0.23% |
12,116,464
+102,157
| +0.9% | +$6.23M |
|
83
Elevance Health
ELV
$72.6B
| $724M | 0.22% |
2,565,359
+25,570
| +1% | +$7.22M |
|
84
American Tower
AMT
$93.9B
| $724M | 0.22% |
3,539,174
+55,348
| +2% | +$11.3M |
|
85
Eaton
ETN
$134B
| $710M | 0.22% |
8,528,074
+538,822
| +7% | +$44.9M |
|
86
CVS Health
CVS
$94B
| $701M | 0.22% |
12,859,762
-140,106
| -1% | -$7.63M |
|
87
Illumina
ILMN
$15.5B
| $700M | 0.22% |
1,901,142
| – | – |
|
88
Edwards Lifesciences
EW
$48B
| $690M | 0.21% |
3,734,520
+49,609
| +1% | +$9.16M |
|
89
TJX Companies
TJX
$155B
| $684M | 0.21% |
12,931,088
+50,679
| +0.4% | +$2.68M |
|
|
AGN
90
DELISTED
Allergan plc
AGN
| $676M | 0.21% |
4,039,419
+388,646
| +11% | +$65.1M |
|
91
Enbridge
ENB
$105B
| $671M | 0.21% |
18,546,773
+1,795
| +0% | +$65K |
|
92
Automatic Data Processing
ADP
$121B
| $654M | 0.2% |
3,956,714
| – | – |
|
93
Charter Communications
CHTR
$36.1B
| $648M | 0.2% |
1,638,560
+299,781
| +22% | +$118M |
|
94
Canadian National Railway
CNI
$60.3B
| $643M | 0.2% |
6,933,581
+137,978
| +2% | +$12.8M |
|
|
95
Alcon
ALC
$38.7B
| $635M | 0.2% |
+10,263,150
| New | +$635M |
|
96
PNC Financial Services
PNC
$80.9B
| $633M | 0.2% |
4,609,749
| – | – |
|
97
CME Group
CME
$95.6B
| $629M | 0.19% |
3,241,493
| – | – |
|
98
Boston Scientific
BSX
$158B
| $626M | 0.19% |
14,554,717
-212,601
| -1% | -$9.14M |
|
99
Stryker
SYK
$149B
| $622M | 0.19% |
3,024,771
| – | – |
|
|
100
Alexandria Real Estate Equities
ARE
$13.8B
| $619M | 0.19% |
4,385,057
+3,381,405
| +337% | +$477M |
|