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 |
QuantumScape
QS
|
$549M |
| 2 |
Meta Platforms (Facebook)
META
|
$443M |
| 3 |
Unilever
UL
|
$365M |
| 4 |
Morgan Stanley
MS
|
$335M |
| 5 |
T-Mobile US
TMUS
|
$256M |
Top Sells
| 1 |
American International
AIG
|
$389M |
| 2 |
UN
Unilever NV New York Registry Shares
UN
|
$368M |
| 3 |
Lear
LEA
|
$304M |
| 4 |
3M
MMM
|
$286M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$278M |
Sector Composition
| 1 | Technology | 23.45% |
| 2 | Consumer Discretionary | 14.21% |
| 3 | Financials | 13.77% |
| 4 | Healthcare | 12.84% |
| 5 | Communication Services | 10.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Illumina
ILMN
$15.7B
| $574M | 0.13% |
1,593,515
-24,453
| -2% | -$8.8M |
|
152
Nucor
NUE
$33.8B
| $567M | 0.13% |
10,658,076
+4,132,284
| +63% | +$220M |
|
153
Brookfield
BN
$99.5B
| $565M | 0.13% |
17,040,589
| – | – |
|
154
Dollar General
DG
$24.1B
| $563M | 0.13% |
2,678,115
+208,199
| +8% | +$43.8M |
|
155
Bank of Montreal
BMO
$90.3B
| $559M | 0.13% |
7,351,587
+1,012,018
| +16% | +$76.9M |
|
156
Waste Connections
WCN
$46.1B
| $554M | 0.13% |
5,401,992
+275,505
| +5% | +$28.3M |
|
|
157
QuantumScape
QS
$4.44B
| $549M | 0.13% |
+6,500,000
| New | +$549M |
|
158
Sea Limited
SE
$113B
| $548M | 0.13% |
2,753,872
-305,015
| -10% | -$60.7M |
|
159
HCA Healthcare
HCA
$98.5B
| $548M | 0.13% |
3,333,026
+388,519
| +13% | +$63.9M |
|
160
FedEx
FDX
$53.7B
| $523M | 0.12% |
2,015,738
+4,549
| +0.2% | +$1.18M |
|
161
Kilroy Realty
KRC
$5.05B
| $520M | 0.12% |
9,057,009
| – | – |
|
|
SPLK
162
DELISTED
Splunk Inc
SPLK
| $515M | 0.12% |
3,029,737
+53,899
| +2% | +$9.16M |
|
163
Kimberly-Clark
KMB
$43.1B
| $511M | 0.12% |
3,786,992
-107,753
| -3% | -$14.5M |
|
164
Waste Management
WM
$88.6B
| $510M | 0.12% |
4,326,163
-40,430
| -0.9% | -$4.77M |
|
165
Boston Scientific
BSX
$159B
| $510M | 0.12% |
14,181,846
+646,346
| +5% | +$23.2M |
|
166
Regeneron Pharmaceuticals
REGN
$60.8B
| $507M | 0.12% |
1,049,117
-122,982
| -10% | -$59.4M |
|
167
Willis Towers Watson
WTW
$32.1B
| $502M | 0.12% |
2,380,573
+385,116
| +19% | +$81.1M |
|
|
ALXN
168
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $495M | 0.12% |
3,165,540
-345,616
| -10% | -$54M |
|
169
Chubb
CB
$111B
| $494M | 0.12% |
3,206,320
-826,564
| -20% | -$127M |
|
|
170
3M
MMM
$82.7B
| $490M | 0.11% |
3,355,212
-1,958,110
| -37% | -$286M |
|
171
Workday
WDAY
$61.7B
| $488M | 0.11% |
2,037,230
+474,694
| +30% | +$114M |
|
172
Essex Property Trust
ESS
$17.3B
| $486M | 0.11% |
2,046,993
+386,079
| +23% | +$91.7M |
|
173
Baxter International
BAX
$12.5B
| $475M | 0.11% |
5,918,405
+21,662
| +0.4% | +$1.74M |
|
174
Capital One
COF
$142B
| $468M | 0.11% |
4,731,705
+4,030
| +0.1% | +$398K |
|
175
Biogen
BIIB
$20.6B
| $466M | 0.11% |
1,903,653
-111,376
| -6% | -$27.3M |
|