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 |
Linde
LIN
|
$2.62B |
| 2 |
TJX Companies
TJX
|
$277M |
| 3 |
Cigna
CI
|
$259M |
| 4 |
Alphabet (Google) Class C
GOOG
|
$234M |
| 5 |
Boston Properties
BXP
|
$225M |
Top Sells
| 1 |
AET
Aetna Inc
AET
|
$646M |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
$543M |
| 3 |
PX
Praxair Inc
PX
|
$305M |
| 4 |
COL
Rockwell Collins
COL
|
$240M |
| 5 |
ANDV
Andeavor
ANDV
|
$222M |
Sector Composition
| 1 | Technology | 17.09% |
| 2 | Financials | 16.89% |
| 3 | Healthcare | 14.43% |
| 4 | Consumer Discretionary | 11.2% |
| 5 | Communication Services | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.77T
| $7.73B | 2.88% | 76,093,255 +1,435,410 | +2% | +$146M |
|
2
Apple
AAPL
$3.45T
| $7.5B | 2.79% | 47,548,838 -588,569 | -1% | -$92.8M |
|
3
Amazon
AMZN
$2.44T
| $6.53B | 2.43% | 4,347,576 +57,172 | +1% | +$85.9M |
|
|
4
Alphabet (Google) Class A
GOOGL
$2.57T
| $4.07B | 1.51% | 3,896,181 +16,324 | +0.4% | +$17.1M |
|
5
Johnson & Johnson
JNJ
$427B
| $3.49B | 1.3% | 27,006,593 +1,059,857 | +4% | +$137M |
|
6
Meta Platforms (Facebook)
META
$1.86T
| $3.23B | 1.2% | 24,636,329 +458,328 | +2% | +$60.1M |
|
7
JPMorgan Chase
JPM
$829B
| $2.99B | 1.11% | 30,594,882 -163,604 | -0.5% | -$16M |
|
8
Exxon Mobil
XOM
$487B
| $2.8B | 1.04% | 41,005,160 +769,125 | +2% | +$52.4M |
|
|
9
Alphabet (Google) Class C
GOOG
$2.58T
| $2.79B | 1.04% | 2,697,733 +226,050 | +9% | +$234M |
|
10
Bank of America
BAC
$376B
| $2.66B | 0.99% | 107,793,128 -676,605 | -0.6% | -$16.7M |
|
|
11
Linde
LIN
$224B
| $2.62B | 0.98% | +16,803,065 | New | +$2.62B |
|
12
Pfizer
PFE
$141B
| $2.53B | 0.94% | 57,950,169 +987,615 | +2% | +$43.1M |
|
13
Verizon
VZ
$186B
| $2.43B | 0.9% | 43,153,760 +657,053 | +2% | +$36.9M |
|
14
UnitedHealth
UNH
$281B
| $2.34B | 0.87% | 9,405,805 +104,911 | +1% | +$26.1M |
|
15
Visa
V
$683B
| $2.34B | 0.87% | 17,748,466 +29,484 | +0.2% | +$3.89M |
|
16
Procter & Gamble
PG
$368B
| $2.24B | 0.83% | 24,350,500 +188,094 | +0.8% | +$17.3M |
|
17
Merck
MRK
$210B
| $2.17B | 0.81% | 28,356,086 -414,303 | -1% | -$31.7M |
|
18
Cisco
CSCO
$274B
| $2.16B | 0.81% | 49,958,342 +656,956 | +1% | +$28.5M |
|
19
Berkshire Hathaway Class B
BRK.B
$1.09T
| $2.15B | 0.8% | 10,538,477 +1,037,278 | +11% | +$212M |
|
20
Intel
INTC
$107B
| $2.14B | 0.8% | 45,639,066 +1,152,857 | +3% | +$54.1M |
|
21
Chevron
CVX
$324B
| $2.13B | 0.79% | 19,590,412 +453,293 | +2% | +$49.3M |
|
22
AT&T
T
$209B
| $2.08B | 0.77% | 72,781,987 +1,025,445 | +1% | +$29.3M |
|
23
Home Depot
HD
$405B
| $2.05B | 0.76% | 11,950,892 +482,815 | +4% | +$83M |
|
24
Wells Fargo
WFC
$263B
| $2B | 0.75% | 43,502,160 -1,146,516 | -3% | -$52.8M |
|
|
25
Berkshire Hathaway Class A
BRK.A
$1.09T
| $1.84B | 0.68% | 6,012 | – | – |
|