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Norges Bank

NORGES BANK

BANKPLASSEN 2 P.O BOX 1179 SENTRUM, OSLO, Q8 0107 • 47-24073120

Q4 2024 · Filed 2025-02-12
Market Value
$762.1B
+54.6%
Holdings
3,726
+65
New Purchases
65
Added To
1,120
Closed
1,881
Reduced
629
Top 10 Concentration
33.4%
Turnover
52.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 5.71% 2.52% +3.19% $43.5B
AVGO 2.22% 0.74% +1.48% $16.9B
META 2.62% 1.85% +0.76% $19.9B
AMZN 3.58% 2.87% +0.71% $27.3B
TSLA 1.89% 1.47% +0.42% $14.4B
GOOGL 3.20% 2.79% +0.41% $24.4B
BLK 0.31% 0.00% +0.31% $2.4B
BRK-A 0.86% 0.59% +0.28% $6.6B
NFLX 0.66% 0.40% +0.26% $5.0B
BAC 0.69% 0.45% +0.24% $5.2B
DLR 0.51% 0.29% +0.22% $3.9B
LRCX 0.22% 0.00% +0.22% $1.7B
ANET 0.18% 0.00% +0.18% $1.4B
PLTR 0.18% 0.01% +0.17% $1.4B
SW 0.17% 0.00% +0.17% $1.3B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BRK-B 0.40% 0.78% -0.37% $3.1B
XOM 0.91% 1.21% -0.30% $6.9B
TMUS 0.24% 0.50% -0.26% $1.8B
UNH 0.84% 1.07% -0.24% $6.4B
TMO 0.41% 0.63% -0.22% $3.1B
CVX 0.40% 0.60% -0.21% $3.0B
ADBE 0.34% 0.53% -0.20% $2.6B
LIN 0.38% 0.56% -0.18% $2.9B
JNJ 0.58% 0.75% -0.17% $4.4B
INTC 0.16% 0.33% -0.17% $1.2B
UBS 0.73% 0.89% -0.16% $5.6B
PFE 0.31% 0.46% -0.16% $2.3B
TD 0.13% 0.28% -0.15% $992M
PEP 0.36% 0.51% -0.15% $2.7B
SLB 0.10% 0.24% -0.15% $735M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 33.1%
Financial Services 14.6%
Consumer Cyclical 10.5%
Communication Services 10.4%
Healthcare 9.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 57 $394.2B 51.9%
Large Cap 714 $319.5B 42.0%
Mid Cap 881 $43.0B 5.7%
Small Cap 732 $3.0B 0.4%
Micro Cap 245 $90M 0.0%

Portfolio Analytics

Avg Market Cap
$30.3B
Median Market Cap
$3.7B
Avg P/E
31.3
Median P/E
20.9
Avg Dividend Yield
0.04%
Avg Beta
1.10
# Stocks
2,642
# ETFs / Funds
2

Top Holdings (3,726 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AAPL 6.15% 187,160,162 $46.9B $250.42 $17.3B +14,175,473 +8.2%
2 MSFT 5.82% 105,202,984 $44.3B $421.50 $15.4B +13,542,742 +14.8%
3 NVDA 5.71% 324,041,286 $43.5B $134.29 $31.1B +295,475,979 +1034.4%
4 AMZN 3.58% 124,283,614 $27.3B $219.39 $13.1B +13,169,905 +11.9%
5 GOOGL 3.20% 128,809,703 $24.4B $189.30 $10.6B +23,800,962 +22.7%
6 META 2.62% 34,072,026 $19.9B $585.51 $10.8B +3,624,502 +11.9%
7 AVGO 2.22% 72,864,948 $16.9B $231.84 $13.2B +68,478,378 +1561.1%
8 TSLA 1.89% 35,707,824 $14.4B $403.84 $7.2B +6,794,664 +23.5%
9 LLY 1.10% 10,891,072 $8.4B $772.00 $3.1B +1,020,893 +10.3%
10 JPM 1.09% 34,670,579 $8.3B $239.71 $3.3B +7,189 +0.0%
11 XOM 0.91% 64,485,795 $6.9B $107.57 $991M +13,916,792 +27.5%
12 BRK-A 0.86% 9,651 $6.6B $680,920.00 $3.7B +4,225 +77.9%
13 UNH 0.84% 12,603,771 $6.4B $505.86 $1.1B +2,120,888 +20.2%
14 MA 0.79% 11,436,702 $6.0B $526.57 $2.0B +1,323,983 +13.1%
15 WMT 0.75% 63,501,444 $5.7B $90.35 $2.2B +41,283,160 +185.8%
16 UBS 0.73% 183,111,351 $5.6B $30.55 $1.2B +5,719,141 +3.2%
17 PG 0.69% 31,282,211 $5.2B $167.65 $1.4B +4,993,241 +19.0%
18 BAC 0.69% 118,930,358 $5.2B $43.95 $3.0B +38,229,137 +47.4%
19 COST 0.68% 5,655,883 $5.2B $916.27 $2.2B +302,168 +5.6%
20 V 0.68% 16,362,710 $5.2B $316.04 $1.5B +351,265 +2.2%
21 GOOG 0.68% 27,127,023 $5.2B $190.44 $1.6B -218,432 -0.8%
22 HD 0.66% 12,938,405 $5.0B $388.99 $1.4B +997,895 +8.4%
23 NFLX 0.66% 5,631,072 $5.0B $891.32 $3.0B +399,471 +7.6%
24 ABBV 0.59% 25,095,020 $4.5B $177.70 $1.4B +4,638,508 +22.7%
25 JNJ 0.58% 30,355,672 $4.4B $144.62 $716M +6,767,112 +28.7%
26 WELL 0.52% 31,293,282 $3.9B $126.03 $1.7B +4,097,232 +15.1%
27 DLR 0.51% 21,758,462 $3.9B $177.33 $2.4B +10,066,587 +86.1%
28 CMCSA 0.50% 102,190,930 $3.8B $37.53 $1.5B +49,733,643 +94.8%
29 CRM 0.47% 10,767,405 $3.6B $334.33 $1.4B -174,797 -1.6%
30 NEE 0.46% 48,600,878 $3.5B $71.69 $1.4B +11,822,354 +32.1%
31 MRK 0.46% 34,979,885 $3.5B $99.48 $680M +7,785,343 +28.6%
32 KO 0.45% 54,644,250 $3.4B $62.26 $771M +7,639,075 +16.3%
33 WFC 0.44% 47,916,539 $3.4B $70.24 $1.3B -3,695,259 -7.2%
34 CSCO 0.43% 55,707,852 $3.3B $59.20 $890M +10,918,888 +24.4%
35 TMO 0.41% 6,054,541 $3.1B $520.23 $36M -97,763 -1.6%
36 BRK-B 0.40% 6,801,418 $3.1B $453.28 -$752M -4,146,285 -37.9%
37 CVX 0.40% 20,835,056 $3.0B $144.84 $50M +3,235,937 +18.4%
38 LIN 0.38% 6,931,123 $2.9B $418.67 $121M -536,760 -7.2%
39 AMD 0.38% 23,737,003 $2.9B $120.79 $706M +2,718,123 +12.9%
40 PEP 0.36% 17,950,577 $2.7B $152.06 $236M +3,236,070 +22.0%
41 MCD 0.36% 9,400,772 $2.7B $289.89 $350M +385,737 +4.3%
42 QCOM 0.36% 17,718,277 $2.7B $153.62 $1.2B +3,792,973 +27.2%
43 NOW 0.34% 2,455,722 $2.6B $1,060.12 $1.3B +78,456 +3.3%
44 TXN 0.34% 13,783,210 $2.6B $187.51 $1.1B +4,617,078 +50.4%
45 ADBE 0.34% 5,741,285 $2.6B $444.68 -$63M +610,175 +11.9%
46 EQR 0.33% 34,746,743 $2.5B $71.76 $540M +1,465,876 +4.4%
47 RY 0.32% 20,142,235 $2.4B $120.42 $826M +1,843,606 +10.1%
48 DIS 0.32% 21,692,209 $2.4B $111.35 $860M +2,499,320 +13.0%
49 ISRG 0.32% 4,600,913 $2.4B $521.96 $1.3B +885,143 +23.8%
50 GE 0.31% 14,242,097 $2.4B $166.79 $1.4B +5,077,724 +55.4%
51 ABT 0.31% 20,983,649 $2.4B $113.11 $561M +2,271,796 +12.1%
52 BLK 0.31% 2,298,638 $2.4B $1,025.11 $2.4B +2,298,638 +100.0% NEW
53 ACN 0.31% 6,684,906 $2.4B $351.79 $595M +964,323 +16.9%
54 PFE 0.31% 87,786,882 $2.3B $26.53 $55M +19,241,294 +28.1%
55 VZ 0.30% 57,535,540 $2.3B $39.99 $895M +14,147,427 +32.6%
56 INTU 0.30% 3,644,262 $2.3B $628.50 $662M +457,561 +14.4%
57 ORCL 0.29% 13,300,009 $2.2B $166.64 $960M +1,438,024 +12.1%
58 CAT 0.29% 6,021,512 $2.2B $362.76 $711M +625,869 +11.6%
59 DHR 0.28% 9,282,250 $2.1B $229.55 $106M +1,122,458 +13.8%
60 SPG 0.27% 11,959,267 $2.1B $172.21 $727M -371,206 -3.0%
61 BMY 0.26% 35,175,478 $2.0B $56.56 $375M +7,354,428 +26.4%
62 BKNG 0.26% 394,160 $2.0B $4,968.42 $404M -109,918 -21.8%
63 C 0.25% 27,498,205 $1.9B $70.39 $1.2B +9,420,895 +52.1%
64 UNP 0.25% 8,451,923 $1.9B $228.04 $519M +1,533,613 +22.2%
65 MS 0.25% 15,194,081 $1.9B $125.72 $1.1B +5,172,120 +51.6%
66 T 0.24% 81,616,938 $1.9B $22.77 $733M +6,700,726 +8.9%
67 PGR 0.24% 7,691,853 $1.8B $239.61 $936M +1,180,886 +18.1%
68 LOW 0.24% 7,467,400 $1.8B $246.80 $315M +117,539 +1.6%
69 TMUS 0.24% 8,165,601 $1.8B $220.73 -$661M -9,420,689 -53.6%
70 GILD 0.23% 19,370,510 $1.8B $92.37 $690M +4,695,975 +32.0%
71 AXP 0.23% 6,017,276 $1.8B $296.79 $794M -628,265 -9.5%
72 BSX 0.23% 19,732,673 $1.8B $89.32 $994M +5,172,087 +35.5%
73 ADI 0.23% 8,264,887 $1.8B $212.46 $777M +2,675,456 +47.9%
74 RTX 0.23% 15,085,070 $1.7B $115.72 $700M +551,334 +3.8%
75 SPGI 0.23% 3,463,815 $1.7B $498.03 $435M -66,017 -1.9%
76 SYK 0.22% 4,751,407 $1.7B $360.05 $701M +1,056,104 +28.6%
77 TJX 0.22% 13,828,032 $1.7B $120.81 $557M +1,293,566 +10.3%
78 LRCX 0.22% 23,005,290 $1.7B $72.23 $1.7B +23,005,290 +100.0% NEW
79 INVH 0.22% 51,510,613 $1.6B $31.97 $396M +12,033,056 +30.5%
80 ARE 0.21% 16,457,471 $1.6B $97.55 -$42M +4,235 +0.0%
81 GS 0.21% 2,799,964 $1.6B $572.62 $841M +444,761 +18.9%
82 AMAT 0.21% 9,767,091 $1.6B $162.63 $343M +770,543 +8.6%
83 SHOP 0.20% 14,504,856 $1.5B $106.33 $833M +1,509,725 +11.6%
84 AMGN 0.20% 5,916,171 $1.5B $260.64 $108M +580,091 +10.9%
85 CNC 0.20% 25,357,664 $1.5B $60.58 $417M +9,105,157 +56.0%
86 SRE 0.20% 17,498,863 $1.5B $87.72 $518M +2,549,902 +17.1%
87 AVB 0.20% 6,814,794 $1.5B $219.97 $434M +614,016 +9.9%
88 ETN 0.20% 4,506,529 $1.5B $331.87 $493M -192,586 -4.1%
89 SE 0.20% 14,078,061 $1.5B $106.10 $973M +2,226,254 +18.8%
90 MU 0.19% 17,477,130 $1.5B $84.16 $580M +4,382,746 +33.5%
91 UBER 0.19% 24,332,793 $1.5B $60.32 $486M +2,988,856 +14.0%
92 KKR 0.19% 9,703,968 $1.4B $147.91 $993M +2,527,427 +35.2%
93 AJG 0.19% 5,008,248 $1.4B $283.85 -$122M -1,765,683 -26.1%
94 FI 0.18% 6,846,716 $1.4B $205.42 $722M +790,832 +13.1%
95 ANET 0.18% 12,646,642 $1.4B $110.53 $1.4B +12,646,642 +100.0% NEW
96 CRH 0.18% 15,035,793 $1.4B $92.53 $516M -765,757 -4.8%
97 APH 0.18% 19,853,043 $1.4B $69.45 $492M +9,294,377 +88.0%
98 VRTX 0.18% 3,414,324 $1.4B $402.70 $445M +740,418 +27.7%
99 PLTR 0.18% 17,984,806 $1.4B $75.63 $1.3B +15,738,936 +700.8%
100 SHW 0.18% 4,000,078 $1.4B $339.93 $447M +423,190 +11.8%

New Positions

SymbolValue% Port
BLK $2.4B 0.31%
LRCX $1.7B 0.22%
ANET $1.4B 0.18%
SW $1.3B 0.17%
LINE $682M 0.09%
TEL $508M 0.07%
FERG $470M 0.06%
ALAB $179M 0.02%
SARO $124M 0.02%
OS $119M 0.02%
CRDO $117M 0.02%
APTV $106M 0.01%
BIPC $60M 0.01%
SNRE $50M 0.01%
BEPC $47M 0.01%

Sold Out Positions

SymbolValue% Port
WTTR —%
GSBD —%
ASIX —%
GOOS —%
PRA —%
EAF —%
APPS —%
FOSL —%
CSIQ —%
KALV —%
SEDG —%
BYND —%
BWIN —%
ADV —%
SM —%
View SEC EDGAR Filings for Norges Bank →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms