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 |
NVIDIA
NVDA
|
$3.37B |
| 2 |
Welltower
WELL
|
$816M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$743M |
| 4 |
Blackstone
BX
|
$671M |
| 5 |
AstraZeneca
AZN
|
$562M |
Top Sells
| 1 |
GE Aerospace
GE
|
$5.12B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$1.49B |
| 3 |
Microsoft
MSFT
|
$1.07B |
| 4 |
Apple
AAPL
|
$793M |
| 5 |
Applied Materials
AMAT
|
$549M |
Sector Composition
| 1 | Technology | 23.36% |
| 2 | Financials | 14.56% |
| 3 | Healthcare | 12.76% |
| 4 | Consumer Discretionary | 12.17% |
| 5 | Communication Services | 10.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $20.7B | 4.58% | 146,156,082 -5,603,994 | -4% | -$793M |
|
|
2
Microsoft
MSFT
$3.77T
| $20.5B | 4.53% | 72,616,389 -3,810,197 | -5% | -$1.07B |
|
|
3
Alphabet (Google) Class A
GOOGL
$2.57T
| $14.2B | 3.14% | 5,307,807 -558,462 | -10% | -$1.49B |
|
4
Amazon
AMZN
$2.44T
| $13.9B | 3.08% | 4,242,196 -139,475 | -3% | -$458M |
|
5
Meta Platforms (Facebook)
META
$1.86T
| $9.89B | 2.19% | 29,133,265 -1,127,824 | -4% | -$383M |
|
6
Tesla
TSLA
$1.08T
| $5.87B | 1.3% | 7,575,065 +495,393 | +7% | +$384M |
|
|
7
NVIDIA
NVDA
$4.25T
| $4.5B | 1% | 21,739,069 +16,267,602 | +297% | +$3.37B |
|
8
JPMorgan Chase
JPM
$829B
| $4.38B | 0.97% | 26,736,992 -1,662,149 | -6% | -$272M |
|
9
Johnson & Johnson
JNJ
$427B
| $4.03B | 0.89% | 24,944,850 -863,600 | -3% | -$139M |
|
10
Bank of America
BAC
$376B
| $3.9B | 0.86% | 91,803,104 +2,262,705 | +3% | +$96.1M |
|
11
UnitedHealth
UNH
$281B
| $3.6B | 0.8% | 9,215,914 -183,634 | -2% | -$71.8M |
|
12
Home Depot
HD
$405B
| $3.5B | 0.77% | 10,665,985 -436,871 | -4% | -$143M |
|
13
Procter & Gamble
PG
$368B
| $3.33B | 0.74% | 23,844,774 -911,515 | -4% | -$127M |
|
14
Visa
V
$683B
| $3.24B | 0.72% | 14,534,239 +904,888 | +7% | +$202M |
|
15
Mastercard
MA
$538B
| $2.97B | 0.66% | 8,542,250 +16,305 | +0.2% | +$5.67M |
|
16
Exxon Mobil
XOM
$487B
| $2.86B | 0.63% | 48,680,209 +8,201,758 | +20% | +$482M |
|
17
Comcast
CMCSA
$125B
| $2.81B | 0.62% | 50,287,613 -693,007 | -1% | -$38.8M |
|
18
Berkshire Hathaway Class A
BRK.A
$1.09T
| $2.77B | 0.61% | 6,736 -18 | -0.3% | -$7.4M |
|
19
Netflix
NFLX
$513B
| $2.75B | 0.61% | 4,500,388 -107,124 | -2% | -$65.4M |
|
20
Salesforce
CRM
$245B
| $2.74B | 0.61% | 10,109,143 +146,321 | +1% | +$39.7M |
|
21
Walt Disney
DIS
$213B
| $2.67B | 0.59% | 15,768,111 -478,707 | -3% | -$81M |
|
22
UBS Group
UBS
$128B
| $2.66B | 0.59% | 164,962,478 +8,728,820 | +6% | +$141M |
|
23
PayPal
PYPL
$67.1B
| $2.64B | 0.58% | 10,140,265 -454,624 | -4% | -$118M |
|
24
Alexandria Real Estate Equities
ARE
$14.1B
| $2.58B | 0.57% | 13,487,741 | – | – |
|
25
Chevron
CVX
$324B
| $2.49B | 0.55% | 24,543,458 +4,842,064 | +25% | +$491M |
|