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 | |
|---|---|---|---|---|---|---|
76
Starbucks
SBUX
$100B
| $1.19B | 0.24% | 10,167,051 -955,097 | -9% | -$112M |
|
77
Arthur J. Gallagher & Co
AJG
$77.6B
| $1.17B | 0.24% | 6,911,540 +1,960,964 | +40% | +$333M |
|
78
Prologis
PLD
$106B
| $1.17B | 0.24% | 6,962,036 | – | – |
|
79
American Tower
AMT
$95.5B
| $1.15B | 0.24% | 3,925,300 +64,558 | +2% | +$18.9M |
|
80
Applied Materials
AMAT
$128B
| $1.15B | 0.24% | 7,288,288 -273,459 | -4% | -$43M |
|
81
Amgen
AMGN
$155B
| $1.14B | 0.23% | 5,062,588 -492,241 | -9% | -$111M |
|
82
Elevance Health
ELV
$71.8B
| $1.13B | 0.23% | 2,434,182 -42,558 | -2% | -$19.7M |
|
83
Charles Schwab
SCHW
$174B
| $1.13B | 0.23% | 13,410,172 -341,668 | -2% | -$28.7M |
|
84
ServiceNow
NOW
$190B
| $1.12B | 0.23% | 1,720,965 -23,949 | -1% | -$15.5M |
|
85
Caterpillar
CAT
$196B
| $1.1B | 0.23% | 5,335,303 -634 | -0% | -$131K |
|
86
Target
TGT
$43.6B
| $1.09B | 0.23% | 4,728,353 -294,679 | -6% | -$68.2M |
|
87
Analog Devices
ADI
$124B
| $1.09B | 0.22% | 6,214,791 +381,833 | +7% | +$67.1M |
|
88
UDR
UDR
$13.1B
| $1.09B | 0.22% | 18,129,085 | – | – |
|
89
Zoetis
ZTS
$69.3B
| $1.07B | 0.22% | 4,376,023 +23,918 | +0.5% | +$5.84M |
|
|
90
Intuitive Surgical
ISRG
$170B
| $1.07B | 0.22% | 2,965,237 +1,959,296 | +195% | +$704M |
|
91
Micron Technology
MU
$133B
| $1.05B | 0.22% | 11,302,134 +156,792 | +1% | +$14.6M |
|
92
IBM
IBM
$227B
| $1.03B | 0.21% | 7,668,922 -618,396 | -7% | -$82.7M |
|
93
Booking.com
BKNG
$181B
| $1.01B | 0.21% | 422,543 +23,440 | +6% | +$56.2M |
|
94
Lam Research
LRCX
$127B
| $1.01B | 0.21% | 1,397,617 -110,241 | -7% | -$79.3M |
|
95
American Express
AXP
$231B
| $993M | 0.2% | 6,072,373 +84,091 | +1% | +$13.8M |
|
96
Federal Realty Investment Trust
FRT
$8.67B
| $983M | 0.2% | 7,212,626 | – | – |
|
97
Alcon
ALC
$39.5B
| $974M | 0.2% | 11,001,258 +91,667 | +0.8% | +$8.12M |
|
98
TE Connectivity
TEL
$61B
| $972M | 0.2% | 6,026,717 -92,271 | -2% | -$14.9M |
|
99
Deere & Co
DE
$129B
| $960M | 0.2% | 2,798,997 -83,345 | -3% | -$28.6M |
|
100
Gilead Sciences
GILD
$140B
| $951M | 0.2% | 13,096,141 -54,525 | -0.4% | -$3.96M |
|