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
|
$1.45B |
| 2 |
Broadcom
AVGO
|
$1.33B |
| 3 |
Bank of America
BAC
|
$1.02B |
| 4 |
Amazon
AMZN
|
$818M |
| 5 |
Simon Property Group
SPG
|
$802M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
$1.2B |
| 2 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
$822M |
| 3 |
Kenvue
KVUE
|
$552M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
$542M |
| 5 |
RTX Corp
RTX
|
$533M |
Sector Composition
| 1 | Technology | 28.38% |
| 2 | Financials | 13.95% |
| 3 | Healthcare | 11.94% |
| 4 | Consumer Discretionary | 11.37% |
| 5 | Communication Services | 8.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Chubb
CB
$110B
| $958M | 0.17% | 4,237,860 +243,012 | +6% | +$54.9M |
|
127
Charles Schwab
SCHW
$174B
| $950M | 0.17% | 13,810,931 -2,469,629 | -15% | -$170M |
|
128
Regeneron Pharmaceuticals
REGN
$61.5B
| $933M | 0.16% | 1,061,803 +3,051 | +0.3% | +$2.68M |
|
129
Boston Scientific
BSX
$156B
| $931M | 0.16% | 16,098,013 +1,537,427 | +11% | +$88.9M |
|
130
Boston Properties
BXP
$11.5B
| $891M | 0.16% | 12,695,570 | – | – |
|
131
Fiserv
FI
$75.1B
| $874M | 0.15% | 6,582,183 +526,299 | +9% | +$69.9M |
|
132
Cintas
CTAS
$84.6B
| $873M | 0.15% | 1,448,404 +139,178 | +11% | +$83.9M |
|
133
Citigroup
C
$178B
| $868M | 0.15% | 16,866,233 -1,211,077 | -7% | -$62.3M |
|
134
Air Products & Chemicals
APD
$65.5B
| $852M | 0.15% | 3,112,814 +473,298 | +18% | +$130M |
|
135
Intercontinental Exchange
ICE
$101B
| $839M | 0.15% | 6,534,757 +16,835 | +0.3% | +$2.16M |
|
136
Snowflake
SNOW
$79.6B
| $838M | 0.15% | 4,213,341 +513,413 | +14% | +$102M |
|
137
Stellantis
STLA
$27.8B
| $833M | 0.15% | 35,663,055 -458,600 | -1% | -$10.7M |
|
138
US Bancorp
USB
$76B
| $827M | 0.14% | 19,116,684 -6,961,521 | -27% | -$301M |
|
139
Public Storage
PSA
$51.7B
| $821M | 0.14% | 2,692,298 +375,249 | +16% | +$114M |
|
140
Illinois Tool Works
ITW
$77.1B
| $818M | 0.14% | 3,124,410 -39,210 | -1% | -$10.3M |
|
141
Bank of New York Mellon
BK
$74.5B
| $814M | 0.14% | 15,633,057 +500,710 | +3% | +$26.1M |
|
142
Bank of Montreal
BMO
$86.7B
| $813M | 0.14% | 8,212,584 +746,874 | +10% | +$73.9M |
|
143
Chipotle Mexican Grill
CMG
$56.5B
| $806M | 0.14% | 352,227 +25,064 | +8% | +$57.3M |
|
144
TransDigm Group
TDG
$78.8B
| $791M | 0.14% | 781,754 +51,838 | +7% | +$52.4M |
|
145
American Homes 4 Rent
AMH
$13.3B
| $790M | 0.14% | 21,967,376 | – | – |
|
146
Waste Management
WM
$91.2B
| $784M | 0.14% | 4,380,156 +70,273 | +2% | +$12.6M |
|
147
Canadian National Railway
CNI
$60.4B
| $770M | 0.13% | 6,122,354 -129,678 | -2% | -$16.3M |
|
148
Micron Technology
MU
$133B
| $769M | 0.13% | 9,015,375 -4,079,009 | -31% | -$348M |
|
149
Emerson Electric
EMR
$74.3B
| $765M | 0.13% | 7,855,786 +977,350 | +14% | +$95.1M |
|
150
NXP Semiconductors
NXPI
$59.2B
| $762M | 0.13% | 3,317,993 +1,273,880 | +62% | +$293M |
|