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 | |
|---|---|---|---|---|---|---|
76
Elevance Health
ELV
$71.8B
| $1.14B | 0.25% |
2,311,827
-122,355
| -5% | -$60.1M |
|
77
Prologis
PLD
$106B
| $1.12B | 0.25% |
6,962,036
| – | – |
|
78
Caterpillar
CAT
$196B
| $1.11B | 0.24% |
4,998,236
-337,067
| -6% | -$75.1M |
|
79
American Express
AXP
$230B
| $1.1B | 0.24% |
5,903,880
-168,493
| -3% | -$31.5M |
|
80
UDR
UDR
$12.7B
| $1.09B | 0.24% |
18,977,975
+848,890
| +5% | +$48.7M |
|
81
Blackrock
BLK
$175B
| $1.04B | 0.23% |
1,366,437
+22,067
| +2% | +$16.9M |
|
82
Eaton
ETN
$134B
| $1.04B | 0.23% |
6,849,845
-298,134
| -4% | -$45.2M |
|
83
Booking.com
BKNG
$181B
| $1.04B | 0.23% |
442,600
+20,057
| +5% | +$47.1M |
|
84
ServiceNow
NOW
$189B
| $1.02B | 0.22% |
1,833,054
+112,089
| +7% | +$62.4M |
|
85
Autodesk
ADSK
$67.3B
| $1.02B | 0.22% |
4,753,316
-598,596
| -11% | -$128M |
|
86
Sempra
SRE
$53.9B
| $1.01B | 0.22% |
5,997,556
+39,781
| +0.7% | +$6.69M |
|
87
Analog Devices
ADI
$124B
| $999M | 0.22% |
6,050,066
-164,725
| -3% | -$27.2M |
|
88
Oracle
ORCL
$633B
| $985M | 0.21% |
11,910,768
+1,048,782
| +10% | +$86.8M |
|
89
Canadian Pacific Kansas City
CP
$70.2B
| $983M | 0.21% |
11,912,755
+2,573,435
| +28% | +$212M |
|
90
IBM
IBM
$225B
| $973M | 0.21% |
7,483,047
-185,875
| -2% | -$24.2M |
|
91
American Tower
AMT
$95.5B
| $971M | 0.21% |
3,866,322
-58,978
| -2% | -$14.8M |
|
92
Target
TGT
$42B
| $953M | 0.21% |
4,491,651
-236,702
| -5% | -$50.2M |
|
93
Applied Materials
AMAT
$126B
| $946M | 0.21% |
7,176,913
-111,375
| -2% | -$14.7M |
|
94
Intuitive Surgical
ISRG
$170B
| $923M | 0.2% |
3,059,000
+93,763
| +3% | +$28.3M |
|
95
Starbucks
SBUX
$102B
| $910M | 0.2% |
10,002,886
-164,165
| -2% | -$14.9M |
|
96
Zoetis
ZTS
$69.3B
| $881M | 0.19% |
4,673,675
+297,652
| +7% | +$56.1M |
|
97
Micron Technology
MU
$133B
| $881M | 0.19% |
11,311,338
+9,204
| +0.1% | +$717K |
|
98
Federal Realty Investment Trust
FRT
$8.55B
| $880M | 0.19% |
7,212,626
| – | – |
|
99
Alcon
ALC
$38.7B
| $880M | 0.19% |
11,018,877
+17,619
| +0.2% | +$1.41M |
|
100
Blackstone
BX
$134B
| $849M | 0.19% |
6,689,477
+260,550
| +4% | +$33.1M |
|