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 |
Walmart
WMT
|
$459M |
| 2 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
$401M |
| 3 |
Amazon
AMZN
|
$399M |
| 4 |
Tesla
TSLA
|
$368M |
| 5 |
T-Mobile US
TMUS
|
$295M |
Top Sells
| 1 |
Apple
AAPL
|
$939M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$434M |
| 3 |
Linde
LIN
|
$277M |
| 4 |
Blackrock
BLK
|
$232M |
| 5 |
Suncor Energy
SU
|
$176M |
Sector Composition
| 1 | Technology | 21.18% |
| 2 | Healthcare | 14.75% |
| 3 | Financials | 14.39% |
| 4 | Consumer Discretionary | 11.88% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.77T
| $12.4B | 4.43% | 78,740,846 +646,776 | +0.8% | +$102M |
|
|
2
Apple
AAPL
$3.45T
| $11B | 3.91% | 43,164,096 -3,692,177 | -8% | -$939M |
|
|
3
Amazon
AMZN
$2.44T
| $8.92B | 3.18% | 4,572,673 +204,886 | +5% | +$399M |
|
|
4
Alphabet (Google) Class A
GOOGL
$2.57T
| $6.04B | 2.15% | 5,200,223 +118,159 | +2% | +$137M |
|
5
Alibaba
BABA
$322B
| $4.79B | 1.71% | 24,643,403 +628,069 | +3% | +$122M |
|
6
Meta Platforms (Facebook)
META
$1.86T
| $4.31B | 1.54% | 25,830,503 -622,606 | -2% | -$104M |
|
7
Johnson & Johnson
JNJ
$427B
| $3.73B | 1.33% | 28,444,093 +68,779 | +0.2% | +$9.02M |
|
8
Procter & Gamble
PG
$368B
| $2.9B | 1.03% | 26,323,185 -408,258 | -2% | -$44.9M |
|
9
Visa
V
$683B
| $2.79B | 0.99% | 17,314,649 -266,316 | -2% | -$42.9M |
|
10
Intel
INTC
$107B
| $2.66B | 0.95% | 49,236,188 -332,637 | -0.7% | -$18M |
|
11
JPMorgan Chase
JPM
$829B
| $2.44B | 0.87% | 27,096,905 -941,412 | -3% | -$84.8M |
|
12
UnitedHealth
UNH
$281B
| $2.35B | 0.84% | 9,429,391 -109,951 | -1% | -$27.4M |
|
13
Verizon
VZ
$186B
| $2.34B | 0.83% | 43,504,138 -1,698,002 | -4% | -$91.2M |
|
14
Mastercard
MA
$538B
| $2.23B | 0.8% | 9,239,385 +15,435 | +0.2% | +$3.73M |
|
15
Home Depot
HD
$405B
| $2.14B | 0.76% | 11,473,990 -239,947 | -2% | -$44.8M |
|
16
Bank of America
BAC
$376B
| $2.13B | 0.76% | 100,488,410 +2,757,245 | +3% | +$58.5M |
|
17
Merck
MRK
$210B
| $2.09B | 0.75% | 27,215,123 -316,000 | -1% | -$24.3M |
|
18
AT&T
T
$209B
| $2.09B | 0.74% | 71,669,065 -3,261,850 | -4% | -$95.1M |
|
|
19
Linde
LIN
$224B
| $2.08B | 0.74% | 12,057,728 -1,606,436 | -12% | -$277M |
|
20
Berkshire Hathaway Class A
BRK.A
$1.09T
| $1.97B | 0.7% | 7,226 +98 | +1% | +$26.7M |
|
21
Pfizer
PFE
$141B
| $1.94B | 0.69% | 59,372,776 | – | – |
|
22
Cisco
CSCO
$274B
| $1.88B | 0.67% | 47,853,733 -45,703 | -0.1% | -$1.8M |
|
|
23
Berkshire Hathaway Class B
BRK.B
$1.09T
| $1.78B | 0.63% | 9,738,126 -193,753 | -2% | -$35.4M |
|
24
PepsiCo
PEP
$204B
| $1.75B | 0.63% | 14,605,724 +77,761 | +0.5% | +$9.34M |
|
25
Walt Disney
DIS
$213B
| $1.7B | 0.6% | 17,548,750 -234,890 | -1% | -$22.7M |
|