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 |
Intuitive Surgical
ISRG
|
$704M |
| 2 |
Walmart
WMT
|
$635M |
| 3 |
T-Mobile US
TMUS
|
$554M |
| 4 |
Alphabet (Google) Class C
GOOG
|
$501M |
| 5 |
Autodesk
ADSK
|
$411M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
$899M |
| 2 |
Apple
AAPL
|
$724M |
| 3 |
Visa
V
|
$409M |
| 4 |
KSU
Kansas City Southern
KSU
|
$251M |
| 5 |
Automatic Data Processing
ADP
|
$222M |
Sector Composition
| 1 | Technology | 24.84% |
| 2 | Financials | 13.82% |
| 3 | Healthcare | 12.74% |
| 4 | Consumer Discretionary | 11.89% |
| 5 | Communication Services | 9.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $25.2B | 5.19% | 142,076,403 -4,079,679 | -3% | -$724M |
|
2
Microsoft
MSFT
$3.77T
| $24.4B | 5.02% | 72,555,721 -60,668 | -0.1% | -$20.4M |
|
|
3
Alphabet (Google) Class A
GOOGL
$2.57T
| $14.5B | 2.98% | 4,997,398 -310,409 | -6% | -$899M |
|
4
Amazon
AMZN
$2.44T
| $14.1B | 2.89% | 4,214,854 -27,342 | -0.6% | -$91.2M |
|
5
Meta Platforms (Facebook)
META
$1.86T
| $9.6B | 1.97% | 28,527,168 -606,097 | -2% | -$204M |
|
6
Tesla
TSLA
$1.08T
| $7.92B | 1.63% | 7,493,333 -81,732 | -1% | -$86.4M |
|
7
NVIDIA
NVDA
$4.25T
| $6.28B | 1.29% | 21,349,893 -389,176 | -2% | -$114M |
|
8
UnitedHealth
UNH
$281B
| $4.48B | 0.92% | 8,918,201 -297,713 | -3% | -$149M |
|
9
Home Depot
HD
$405B
| $4.33B | 0.89% | 10,422,951 -243,034 | -2% | -$101M |
|
10
Johnson & Johnson
JNJ
$427B
| $4.17B | 0.86% | 24,393,111 -551,739 | -2% | -$94.4M |
|
11
JPMorgan Chase
JPM
$829B
| $4.09B | 0.84% | 25,846,816 -890,176 | -3% | -$141M |
|
12
Bank of America
BAC
$376B
| $3.94B | 0.81% | 88,519,806 -3,283,298 | -4% | -$146M |
|
13
Procter & Gamble
PG
$368B
| $3.73B | 0.77% | 22,781,531 -1,063,243 | -4% | -$174M |
|
14
Pfizer
PFE
$141B
| $3.35B | 0.69% | 56,763,604 +200,794 | +0.4% | +$11.9M |
|
15
Exxon Mobil
XOM
$487B
| $3.18B | 0.65% | 52,041,576 +3,361,367 | +7% | +$206M |
|
16
Chevron
CVX
$324B
| $3.11B | 0.64% | 26,515,497 +1,972,039 | +8% | +$231M |
|
17
Mastercard
MA
$538B
| $3.11B | 0.64% | 8,647,501 +105,251 | +1% | +$37.8M |
|
18
Berkshire Hathaway Class A
BRK.A
$1.09T
| $3.04B | 0.63% | 6,752 +16 | +0.2% | +$7.21M |
|
19
Alexandria Real Estate Equities
ARE
$14.1B
| $3.01B | 0.62% | 13,487,741 | – | – |
|
20
UBS Group
UBS
$128B
| $2.96B | 0.61% | 164,210,045 -752,433 | -0.5% | -$13.5M |
|
|
21
Walmart
WMT
$774B
| $2.93B | 0.6% | 20,221,520 +4,389,622 | +28% | +$635M |
|
22
Thermo Fisher Scientific
TMO
$186B
| $2.78B | 0.57% | 4,172,455 +68,591 | +2% | +$45.8M |
|
|
23
Visa
V
$683B
| $2.74B | 0.56% | 12,646,286 -1,887,953 | -13% | -$409M |
|
24
Equity Residential
EQR
$25.3B
| $2.73B | 0.56% | 30,158,685 | – | – |
|
25
NextEra Energy, Inc.
NEE
$148B
| $2.72B | 0.56% | 29,178,009 -1,010,239 | -3% | -$94.3M |
|