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 |
Alcon
ALC
|
$635M |
| 2 |
Alexandria Real Estate Equities
ARE
|
$477M |
| 3 |
Dow Inc
DOW
|
$359M |
| 4 |
UBS Group
UBS
|
$238M |
| 5 |
Uber
UBER
|
$183M |
Top Sells
| 1 |
DuPont de Nemours
DD
|
$765M |
| 2 |
Ameriprise Financial
AMP
|
$281M |
| 3 |
Johnson Controls International
JCI
|
$235M |
| 4 |
Linde
LIN
|
$211M |
| 5 |
Baxter International
BAX
|
$203M |
Sector Composition
| 1 | Technology | 18.07% |
| 2 | Financials | 16.91% |
| 3 | Healthcare | 13.48% |
| 4 | Consumer Discretionary | 11.5% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.77T
| $10.4B | 3.2% | 77,314,728 +132,539 | +0.2% | +$17.8M |
|
2
Apple
AAPL
$3.45T
| $9.61B | 2.97% | 48,536,599 +446,621 | +0.9% | +$88.4M |
|
3
Amazon
AMZN
$2.44T
| $8.38B | 2.59% | 4,423,460 +33,674 | +0.8% | +$63.8M |
|
4
Meta Platforms (Facebook)
META
$1.86T
| $5.14B | 1.59% | 26,647,683 +504,384 | +2% | +$97.3M |
|
5
Alphabet (Google) Class A
GOOGL
$2.57T
| $4.47B | 1.38% | 4,131,474 +133,996 | +3% | +$145M |
|
6
Johnson & Johnson
JNJ
$427B
| $3.95B | 1.22% | 28,357,091 +199,936 | +0.7% | +$27.8M |
|
7
JPMorgan Chase
JPM
$829B
| $3.42B | 1.06% | 30,633,933 -146,492 | -0.5% | -$16.4M |
|
8
Exxon Mobil
XOM
$487B
| $3.26B | 1.01% | 42,520,544 +655,543 | +2% | +$50.2M |
|
9
Visa
V
$683B
| $3.14B | 0.97% | 18,076,863 +185,446 | +1% | +$32.2M |
|
10
Bank of America
BAC
$376B
| $2.99B | 0.92% | 103,163,939 -1,502,872 | -1% | -$43.6M |
|
11
Procter & Gamble
PG
$368B
| $2.91B | 0.9% | 26,528,538 +180,196 | +0.7% | +$19.8M |
|
|
12
Alphabet (Google) Class C
GOOG
$2.58T
| $2.82B | 0.87% | 2,607,301 -104,385 | -4% | -$113M |
|
|
13
Linde
LIN
$224B
| $2.79B | 0.86% | 13,882,155 -1,051,836 | -7% | -$211M |
|
14
Cisco
CSCO
$274B
| $2.71B | 0.84% | 49,535,235 -988,808 | -2% | -$54.1M |
|
15
Alibaba
BABA
$322B
| $2.61B | 0.81% | 15,380,670 +672,140 | +5% | +$114M |
|
16
Chevron
CVX
$324B
| $2.58B | 0.8% | 20,725,761 +471,285 | +2% | +$58.6M |
|
17
Pfizer
PFE
$141B
| $2.57B | 0.79% | 59,309,663 -967,490 | -2% | -$41.9M |
|
18
Verizon
VZ
$186B
| $2.55B | 0.79% | 44,655,679 -341,487 | -0.8% | -$19.5M |
|
19
Walt Disney
DIS
$213B
| $2.53B | 0.78% | 18,143,770 +198,600 | +1% | +$27.7M |
|
20
Home Depot
HD
$405B
| $2.46B | 0.76% | 11,830,053 -148,034 | -1% | -$30.8M |
|
21
Berkshire Hathaway Class B
BRK.B
$1.09T
| $2.42B | 0.75% | 11,342,665 -113,664 | -1% | -$24.2M |
|
22
AT&T
T
$209B
| $2.41B | 0.74% | 71,787,260 +700,745 | +1% | +$23.5M |
|
23
Mastercard
MA
$538B
| $2.39B | 0.74% | 9,032,992 +9,641 | +0.1% | +$2.55M |
|
24
UnitedHealth
UNH
$281B
| $2.33B | 0.72% | 9,539,342 -32,524 | -0.3% | -$7.94M |
|
25
Merck
MRK
$210B
| $2.32B | 0.72% | 27,652,002 | – | – |
|