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
|
$839M |
| 2 |
NKLA
Nikola Corporation Common Stock
NKLA
|
$675M |
| 3 |
T-Mobile US
TMUS
|
$630M |
| 4 |
RTX Corp
RTX
|
$457M |
| 5 |
Meta Platforms (Facebook)
META
|
$399M |
Top Sells
| 1 |
AGN
Allergan plc
AGN
|
$692M |
| 2 |
RTN
Raytheon Company
RTN
|
$368M |
| 3 |
Bristol-Myers Squibb
BMY
|
$275M |
| 4 |
Visa
V
|
$251M |
| 5 |
Intel
INTC
|
$187M |
Sector Composition
| 1 | Technology | 22.85% |
| 2 | Healthcare | 13.58% |
| 3 | Financials | 13.55% |
| 4 | Consumer Discretionary | 13.35% |
| 5 | Communication Services | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.77T
| $16.2B | 4.65% | 79,401,253 +660,407 | +0.8% | +$134M |
|
2
Apple
AAPL
$3.45T
| $15.9B | 4.59% | 43,717,286 +553,190 | +1% | +$202M |
|
3
Amazon
AMZN
$2.44T
| $13B | 3.73% | 4,698,286 +125,613 | +3% | +$347M |
|
4
Alphabet (Google) Class A
GOOGL
$2.57T
| $7.63B | 2.2% | 5,382,649 +182,426 | +4% | +$259M |
|
|
5
Meta Platforms (Facebook)
META
$1.86T
| $6.26B | 1.8% | 27,586,962 +1,756,459 | +7% | +$399M |
|
6
Alibaba
BABA
$322B
| $5.46B | 1.57% | 25,316,453 +673,050 | +3% | +$145M |
|
7
Johnson & Johnson
JNJ
$427B
| $3.98B | 1.14% | 28,271,166 -172,927 | -0.6% | -$24.3M |
|
8
Procter & Gamble
PG
$368B
| $3.13B | 0.9% | 26,185,209 -137,976 | -0.5% | -$16.5M |
|
|
9
Visa
V
$683B
| $3.09B | 0.89% | 16,017,009 -1,297,640 | -7% | -$251M |
|
10
Home Depot
HD
$405B
| $2.97B | 0.86% | 11,863,045 +389,055 | +3% | +$97.5M |
|
11
UnitedHealth
UNH
$281B
| $2.84B | 0.82% | 9,614,399 +185,008 | +2% | +$54.6M |
|
12
Mastercard
MA
$538B
| $2.77B | 0.8% | 9,355,637 +116,252 | +1% | +$34.4M |
|
|
13
Intel
INTC
$107B
| $2.76B | 0.79% | 46,109,516 -3,126,672 | -6% | -$187M |
|
14
Bank of America
BAC
$376B
| $2.41B | 0.69% | 101,495,254 +1,006,844 | +1% | +$23.9M |
|
15
JPMorgan Chase
JPM
$829B
| $2.39B | 0.69% | 25,433,326 -1,663,579 | -6% | -$156M |
|
16
Linde
LIN
$224B
| $2.39B | 0.69% | 11,350,481 -707,247 | -6% | -$149M |
|
17
Verizon
VZ
$186B
| $2.28B | 0.66% | 41,353,311 -2,150,827 | -5% | -$119M |
|
18
NVIDIA
NVDA
$4.24T
| $2.27B | 0.65% | 5,987,016 +646,851 | +12% | +$246M |
|
19
AT&T
T
$209B
| $2.22B | 0.64% | 73,372,664 +1,703,599 | +2% | +$51.5M |
|
20
Cisco
CSCO
$274B
| $2.21B | 0.64% | 47,330,314 -523,419 | -1% | -$24.4M |
|
21
Merck
MRK
$210B
| $2.18B | 0.63% | 28,128,569 +913,446 | +3% | +$70.6M |
|
|
22
T-Mobile US
TMUS
$284B
| $2.05B | 0.59% | 19,697,126 +6,051,078 | +44% | +$630M |
|
|
23
Alphabet (Google) Class C
GOOG
$2.58T
| $2.02B | 0.58% | 1,431,742 +65,642 | +5% | +$92.8M |
|
24
PayPal
PYPL
$67.1B
| $1.99B | 0.57% | 11,398,412 +467,042 | +4% | +$81.4M |
|
25
Adobe
ADBE
$151B
| $1.98B | 0.57% | 4,559,763 -235,339 | -5% | -$102M |
|