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 |
Microsoft
MSFT
|
$1.45B |
| 2 |
Broadcom
AVGO
|
$1.33B |
| 3 |
Bank of America
BAC
|
$1.02B |
| 4 |
Amazon
AMZN
|
$818M |
| 5 |
Simon Property Group
SPG
|
$802M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
$1.2B |
| 2 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
$822M |
| 3 |
Kenvue
KVUE
|
$552M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
$542M |
| 5 |
RTX Corp
RTX
|
$533M |
Sector Composition
| 1 | Technology | 28.38% |
| 2 | Financials | 13.95% |
| 3 | Healthcare | 11.94% |
| 4 | Consumer Discretionary | 11.37% |
| 5 | Communication Services | 8.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.77T
| $35.9B | 6.28% | 95,521,879 +3,861,637 | +4% | +$1.45B |
|
2
Apple
AAPL
$3.45T
| $33.9B | 5.93% | 176,141,203 +3,156,514 | +2% | +$608M |
|
|
3
Amazon
AMZN
$2.44T
| $17.7B | 3.09% | 116,496,979 +5,383,270 | +5% | +$818M |
|
4
Alphabet (Google) Class A
GOOGL
$2.57T
| $15.4B | 2.7% | 110,544,181 +5,535,440 | +5% | +$773M |
|
5
NVIDIA
NVDA
$4.25T
| $14.6B | 2.55% | 29,494,708 +929,401 | +3% | +$460M |
|
6
Meta Platforms (Facebook)
META
$1.86T
| $11.3B | 1.97% | 31,884,550 +1,437,026 | +5% | +$509M |
|
7
Tesla
TSLA
$1.08T
| $7.84B | 1.37% | 31,570,978 +2,657,818 | +9% | +$660M |
|
|
8
Broadcom
AVGO
$1.4T
| $6.23B | 1.09% | 5,577,592 +1,191,022 | +27% | +$1.33B |
|
9
JPMorgan Chase
JPM
$829B
| $6.02B | 1.05% | 35,372,595 +709,205 | +2% | +$121M |
|
10
Eli Lilly
LLY
$657B
| $5.99B | 1.05% | 10,280,810 +410,631 | +4% | +$239M |
|
11
UnitedHealth
UNH
$281B
| $5.8B | 1.01% | 11,021,009 +538,126 | +5% | +$283M |
|
12
Exxon Mobil
XOM
$487B
| $5.52B | 0.96% | 55,208,568 +4,639,565 | +9% | +$464M |
|
13
UBS Group
UBS
$128B
| $5B | 0.87% | 161,266,146 -16,126,064 | -9% | -$500M |
|
14
Mastercard
MA
$538B
| $4.6B | 0.8% | 10,774,797 +662,078 | +7% | +$282M |
|
15
Home Depot
HD
$405B
| $4.31B | 0.75% | 12,439,964 +499,454 | +4% | +$173M |
|
|
16
Alphabet (Google) Class C
GOOG
$2.58T
| $4.1B | 0.72% | 29,099,834 +1,754,379 | +6% | +$247M |
|
17
Berkshire Hathaway Class B
BRK.B
$1.09T
| $4.1B | 0.72% | 11,483,055 +535,352 | +5% | +$191M |
|
18
Johnson & Johnson
JNJ
$427B
| $4.07B | 0.71% | 25,977,042 +2,388,482 | +10% | +$374M |
|
19
Procter & Gamble
PG
$368B
| $3.96B | 0.69% | 26,996,843 +707,873 | +3% | +$104M |
|
20
Visa
V
$683B
| $3.9B | 0.68% | 14,960,687 -1,050,758 | -7% | -$274M |
|
|
21
Bank of America
BAC
$376B
| $3.73B | 0.65% | 110,911,996 +30,210,775 | +37% | +$1.02B |
|
22
Walmart
WMT
$774B
| $3.67B | 0.64% | 23,308,925 +1,090,641 | +5% | +$172M |
|
23
Costco
COST
$418B
| $3.63B | 0.63% | 5,497,355 +143,640 | +3% | +$94.8M |
|
24
Advanced Micro Devices
AMD
$264B
| $3.43B | 0.6% | 23,244,891 +2,226,011 | +11% | +$328M |
|
25
T-Mobile US
TMUS
$284B
| $3.34B | 0.58% | 20,823,977 +3,237,687 | +18% | +$519M |
|