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 |
Verizon
VZ
|
$1.19B |
| 2 |
Mastercard
MA
|
$726M |
| 3 |
Toronto Dominion Bank
TD
|
$384M |
| 4 |
Liberty Global Class C
LBTYK
|
$265M |
| 5 |
Pentair
PNR
|
$228M |
Top Sells
| 1 |
BEAM
BEAM INC COM STK (DE)
BEAM
|
$165M |
| 2 |
Republic Services
RSG
|
$102M |
| 3 |
Schlumberger
SLB
|
$102M |
| 4 |
Telus
TU
|
$99.7M |
| 5 |
Visa
V
|
$95.7M |
Sector Composition
| 1 | Financials | 19.36% |
| 2 | Technology | 13.23% |
| 3 | Healthcare | 12.11% |
| 4 | Industrials | 9.97% |
| 5 | Energy | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Blackrock
BLK
$175B
| $3.74B | 2.11% | 11,899,662 | – | – |
|
2
Apple
AAPL
$3.45T
| $3.65B | 2.06% | 6,800,800 +108,030 | +2% | +$58M |
|
3
Exxon Mobil
XOM
$487B
| $3.08B | 1.74% | 31,517,441 -392,500 | -1% | -$38.3M |
|
4
Microsoft
MSFT
$3.77T
| $2.57B | 1.45% | 62,792,291 -625,660 | -1% | -$25.6M |
|
|
OUBS
5
DELISTED
USB AG (NEW)
OUBS
| $2.55B | 1.44% | 123,247,760 -1,992,175 | -2% | -$41.2M |
|
6
Alphabet (Google) Class C
GOOG
$2.58T
| $2.18B | 1.23% | 1,959,619 -66,206 | -3% | -$73.8M |
|
7
Johnson & Johnson
JNJ
$427B
| $2.03B | 1.15% | 20,684,504 +10,825 | +0.1% | +$1.06M |
|
8
Wells Fargo
WFC
$263B
| $2.01B | 1.14% | 40,485,888 -415,773 | -1% | -$20.7M |
|
|
9
Verizon
VZ
$186B
| $1.96B | 1.11% | 41,176,656 +24,943,049 | +154% | +$1.19B |
|
10
Chevron
CVX
$324B
| $1.91B | 1.08% | 16,060,300 +80,294 | +0.5% | +$9.55M |
|
11
GE Aerospace
GE
$292B
| $1.9B | 1.07% | 73,216,584 -1,773,171 | -2% | -$45.9M |
|
12
JPMorgan Chase
JPM
$829B
| $1.76B | 0.99% | 28,967,522 +1,528,158 | +6% | +$92.8M |
|
13
Procter & Gamble
PG
$368B
| $1.68B | 0.95% | 20,786,634 +195,905 | +1% | +$15.8M |
|
14
Pfizer
PFE
$141B
| $1.64B | 0.92% | 50,982,451 -1,686,456 | -3% | -$54.2M |
|
15
IBM
IBM
$227B
| $1.55B | 0.88% | 8,058,905 -285,796 | -3% | -$55M |
|
16
Comcast
CMCSA
$125B
| $1.44B | 0.81% | 28,720,759 +75,017 | +0.3% | +$3.75M |
|
17
Bank of America
BAC
$376B
| $1.43B | 0.81% | 83,233,374 +1,470,261 | +2% | +$25.3M |
|
18
Oracle
ORCL
$635B
| $1.41B | 0.79% | 34,413,574 -206,518 | -0.6% | -$8.45M |
|
19
Aflac
AFL
$57.2B
| $1.35B | 0.76% | 21,452,788 | – | – |
|
20
Walt Disney
DIS
$213B
| $1.3B | 0.73% | 16,207,249 -125,707 | -0.8% | -$10.1M |
|
21
Coca-Cola
KO
$297B
| $1.3B | 0.73% | 33,506,105 | – | – |
|
22
Merck
MRK
$210B
| $1.26B | 0.71% | 22,171,315 -86,538 | -0.4% | -$4.91M |
|
23
AT&T
T
$209B
| $1.2B | 0.68% | 34,158,170 +351,279 | +1% | +$12.3M |
|
24
Citigroup
C
$178B
| $1.13B | 0.64% | 23,648,888 -1,002,524 | -4% | -$47.7M |
|
25
Berkshire Hathaway Class A
BRK.A
$1.09T
| $1.04B | 0.59% | 5,545 -318 | -5% | -$59.6M |
|