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Asset Manager ← All Institutions

Norges Bank

NORGES BANK

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

Q1 2025 · Filed 2025-05-14
Market Value
$633.6B
-16.9%
Holdings
3,728
+2
New Purchases
2
Added To
948
Closed
1,842
Reduced
877
Top 10 Concentration
27.3%
Turnover
49.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 6.25% 5.82% +0.43% $39.6B
BRK-B 0.72% 0.40% +0.32% $4.6B
AMD 0.65% 0.38% +0.27% $4.1B
GOOG 0.90% 0.68% +0.22% $5.7B
LLY 1.32% 1.10% +0.21% $8.3B
SPG 0.45% 0.27% +0.18% $2.8B
TMUS 0.41% 0.24% +0.17% $2.6B
MRK 0.62% 0.46% +0.17% $3.9B
WDAY 0.25% 0.08% +0.16% $1.6B
INTC 0.32% 0.16% +0.15% $2.0B
JNJ 0.71% 0.58% +0.14% $4.5B
LIN 0.52% 0.38% +0.14% $3.3B
TMO 0.54% 0.41% +0.13% $3.4B
QCOM 0.49% 0.36% +0.13% $3.1B
XOM 1.04% 0.91% +0.13% $6.6B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 4.48% 6.15% -1.67% $28.4B
NVDA 4.13% 5.71% -1.58% $26.2B
AVGO 1.14% 2.22% -1.08% $7.2B
TSLA 0.88% 1.89% -1.01% $5.6B
GOOGL 2.23% 3.20% -0.97% $14.1B
AMZN 3.20% 3.58% -0.38% $20.3B
BLK 0.00% 0.31% -0.31% $0
BRK-A 0.60% 0.86% -0.26% $3.8B
META 2.36% 2.62% -0.26% $15.0B
LRCX 0.00% 0.22% -0.22% $0
ANET 0.00% 0.18% -0.18% $0
NFLX 0.49% 0.66% -0.17% $3.1B
SW 0.00% 0.17% -0.17% $0
GEV 0.00% 0.15% -0.15% $0
PLTR 0.04% 0.18% -0.14% $257M

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 $295.2B 47.3%
Large Cap 714 $281.4B 45.1%
Mid Cap 882 $41.8B 6.7%
Small Cap 732 $4.9B 0.8%
Micro Cap 245 $203M 0.0%

Portfolio Analytics

Avg Market Cap
$30.3B
Median Market Cap
$3.8B
Avg P/E
31.3
Median P/E
20.9
Avg Dividend Yield
0.04%
Avg Beta
1.10
# Stocks
2,643
# ETFs / Funds
2

Top Holdings (3,728 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 6.25% 94,082,543 $39.6B $420.72 -$4.8B -11,120,441 -10.6%
2 AAPL 4.48% 165,518,741 $28.4B $171.48 -$18.5B -21,641,421 -11.6%
3 NVDA 4.13% 28,951,284 $26.2B $903.56 -$17.4B -295,090,002 -91.1%
4 AMZN 3.20% 112,360,870 $20.3B $180.38 -$7.0B -11,922,744 -9.6%
5 META 2.36% 30,788,053 $15.0B $485.58 -$5.0B -3,283,973 -9.6%
6 GOOGL 2.23% 93,710,521 $14.1B $150.93 -$10.2B -35,099,182 -27.2%
7 LLY 1.32% 10,716,019 $8.3B $777.96 -$71M -175,053 -1.6%
8 JPM 1.16% 36,740,801 $7.4B $200.30 -$952M +2,070,222 +6.0%
9 AVGO 1.14% 5,426,183 $7.2B $1,325.41 -$9.7B -67,438,765 -92.6%
10 XOM 1.04% 56,719,694 $6.6B $116.24 -$344M -7,766,101 -12.0%
11 UNH 0.94% 11,991,964 $5.9B $494.70 -$443M -611,807 -4.9%
12 GOOG 0.90% 37,370,582 $5.7B $152.26 $524M +10,243,559 +37.8%
13 TSLA 0.88% 31,827,068 $5.6B $175.79 -$8.8B -3,880,756 -10.9%
14 MA 0.85% 11,158,339 $5.4B $481.57 -$649M -278,363 -2.4%
15 UBS 0.81% 166,027,298 $5.1B $30.77 -$486M -17,084,053 -9.3%
16 PG 0.75% 29,229,606 $4.7B $162.25 -$502M -2,052,605 -6.6%
17 BAC 0.72% 120,765,990 $4.6B $37.92 -$648M +1,835,632 +1.5%
18 BRK-B 0.72% 10,852,762 $4.6B $420.52 $1.5B +4,051,344 +59.6%
19 HD 0.71% 11,794,192 $4.5B $383.60 -$509M -1,144,213 -8.8%
20 JNJ 0.71% 28,488,782 $4.5B $158.19 $117M -1,866,890 -6.2%
21 WMT 0.66% 69,618,879 $4.2B $60.17 -$1.5B +6,117,435 +9.6%
22 AMD 0.65% 22,826,986 $4.1B $180.49 $1.3B -910,017 -3.8%
23 V 0.65% 14,703,359 $4.1B $279.08 -$1.1B -1,659,351 -10.1%
24 ABBV 0.63% 22,064,769 $4.0B $182.10 -$441M -3,030,251 -12.1%
25 MRK 0.62% 29,933,953 $3.9B $131.95 $470M -5,045,932 -14.4%
26 BRK-A 0.60% 6,006 $3.8B $634,440.00 -$2.8B -3,645 -37.8%
27 COST 0.60% 5,193,401 $3.8B $732.63 -$1.4B -462,482 -8.2%
28 TMO 0.54% 5,930,885 $3.4B $581.21 $297M -123,656 -2.0%
29 LIN 0.52% 7,040,773 $3.3B $464.32 $367M +109,650 +1.6%
30 CVX 0.49% 19,656,308 $3.1B $157.74 $83M -1,178,748 -5.7%
31 QCOM 0.49% 18,257,415 $3.1B $169.30 $369M +539,138 +3.0%
32 KO 0.49% 50,484,565 $3.1B $61.18 -$314M -4,159,685 -7.6%
33 NFLX 0.49% 5,076,411 $3.1B $607.33 -$1.9B -554,661 -9.8%
34 CRM 0.48% 10,156,384 $3.1B $301.18 -$541M -611,021 -5.7%
35 NEE 0.47% 46,300,507 $3.0B $63.91 -$525M -2,300,371 -4.7%
36 PEP 0.46% 16,708,371 $2.9B $175.01 $195M -1,242,206 -6.9%
37 WFC 0.45% 49,191,451 $2.9B $57.96 -$515M +1,274,912 +2.7%
38 SPG 0.45% 18,167,102 $2.8B $156.49 $783M +6,207,835 +51.9%
39 ADBE 0.43% 5,404,040 $2.7B $504.60 $174M -337,245 -5.9%
40 TMUS 0.41% 15,756,762 $2.6B $163.22 $769M +7,591,161 +93.0%
41 CMCSA 0.41% 59,299,483 $2.6B $43.35 -$1.3B -42,891,447 -42.0%
42 WELL 0.40% 27,210,055 $2.5B $93.44 -$1.4B -4,083,227 -13.0%
43 MCD 0.40% 8,999,035 $2.5B $281.95 -$188M -401,737 -4.3%
44 DIS 0.38% 19,856,751 $2.4B $122.36 $14M -1,835,458 -8.5%
45 CSCO 0.38% 47,932,873 $2.4B $49.91 -$906M -7,774,979 -14.0%
46 DLR 0.37% 16,322,988 $2.4B $144.04 -$1.5B -5,435,474 -25.0%
47 ABT 0.36% 20,177,599 $2.3B $113.66 -$80M -806,050 -3.8%
48 VZ 0.35% 53,402,495 $2.2B $41.96 -$60M -4,133,045 -7.2%
49 EQR 0.35% 35,053,620 $2.2B $63.11 -$281M +306,877 +0.9%
50 CAT 0.34% 5,942,737 $2.2B $366.43 -$7M -78,775 -1.3%
51 ACN 0.34% 6,273,850 $2.2B $346.61 -$177M -411,056 -6.1%
52 PFE 0.34% 76,718,558 $2.1B $27.75 -$200M -11,068,324 -12.6%
53 ARE 0.33% 16,457,471 $2.1B $128.91 $516M
54 INTU 0.33% 3,174,521 $2.1B $650.00 -$227M -469,741 -12.9%
55 DHR 0.32% 8,136,824 $2.0B $249.72 -$99M -1,145,426 -12.3%
56 AMAT 0.32% 9,687,230 $2.0B $206.23 $409M -79,861 -0.8%
57 INTC 0.32% 45,188,194 $2.0B $44.17 $749M -16,984,821 -27.3%
58 UNP 0.31% 8,053,661 $2.0B $245.93 $53M -398,262 -4.7%
59 RY 0.31% 19,280,418 $1.9B $100.90 -$480M -861,817 -4.3%
60 Blackrock Inc 0.30% 2,275,013 $1.9B $833.70 $1.9B +2,275,013
61 UBER 0.29% 24,208,868 $1.9B $76.99 $396M -123,925 -0.5%
62 GE 0.29% 10,462,129 $1.8B $175.53 -$539M -3,779,968 -26.5%
63 BKNG 0.29% 501,220 $1.8B $3,627.88 -$140M +107,060 +27.2%
64 LOW 0.28% 7,068,404 $1.8B $254.73 -$42M -398,996 -5.3%
65 BMY 0.28% 32,252,160 $1.7B $54.23 -$240M -2,923,318 -8.3%
66 TXN 0.27% 9,874,151 $1.7B $174.21 -$864M -3,909,059 -28.4%
67 NOW 0.27% 2,228,785 $1.7B $762.40 -$904M -226,937 -9.2%
68 ISRG 0.27% 4,239,112 $1.7B $399.09 -$710M -361,801 -7.9%
69 MU 0.27% 14,249,129 $1.7B $117.89 $209M -3,228,001 -18.5%
70 EQIX 0.26% 1,979,872 $1.6B $825.33 $567M +847,958 +74.9%
71 Lam Research Corp 0.26% 1,679,562 $1.6B $971.57 $1.6B +1,679,562
72 AMGN 0.25% 5,641,524 $1.6B $284.32 $62M -274,647 -4.6%
73 SYK 0.25% 4,428,075 $1.6B $357.87 -$126M -323,332 -6.8%
74 SPGI 0.25% 3,720,892 $1.6B $425.45 -$142M +257,077 +7.4%
75 WDAY 0.25% 5,694,577 $1.6B $272.75 $907M +3,192,117 +127.6%
76 PGR 0.24% 7,375,459 $1.5B $206.82 -$318M -316,394 -4.1%
77 INVH 0.23% 40,999,828 $1.5B $35.61 -$187M -10,510,785 -20.4%
78 VRTX 0.23% 3,457,950 $1.4B $418.01 $71M +43,626 +1.3%
79 AJG 0.22% 5,681,741 $1.4B $250.04 -$929K +673,493 +13.4%
80 CNC 0.22% 17,994,729 $1.4B $78.48 -$124M -7,362,935 -29.0%
81 ELV 0.22% 2,719,804 $1.4B $518.54 $275M -356,949 -11.6%
82 TD 0.22% 23,037,406 $1.4B $60.38 $399M +4,377,002 +23.5%
83 AXP 0.21% 5,959,833 $1.4B $227.69 -$429M -57,443 -1.0%
84 MDT 0.21% 15,508,545 $1.4B $87.15 $188M +941,941 +6.5%
85 ORCL 0.21% 10,730,710 $1.3B $125.61 -$868M -2,569,299 -19.3%
86 PANW 0.21% 4,736,120 $1.3B $284.13 $375M -598,765 -11.2%
87 SHW 0.21% 3,870,957 $1.3B $347.33 -$15M -129,121 -3.2%
88 ETN 0.21% 4,292,113 $1.3B $312.68 -$154M -214,416 -4.8%
89 DE 0.21% 3,202,386 $1.3B $410.74 $71M +266,125 +9.1%
90 CRH 0.21% 15,208,928 $1.3B $86.26 -$79M +173,135 +1.2%
91 C 0.20% 20,356,891 $1.3B $63.24 -$648M -7,141,314 -26.0%
92 APH 0.20% 11,005,829 $1.3B $115.35 -$109M -8,847,214 -44.6%
93 CDNS 0.20% 4,068,550 $1.3B $311.28 $96M +173,826 +4.5%
94 GILD 0.20% 17,260,000 $1.3B $73.25 -$525M -2,110,510 -10.9%
95 AVB 0.20% 6,796,142 $1.3B $185.56 -$238M -18,652 -0.3%
96 MMC 0.20% 6,086,042 $1.3B $205.98 $17M +266,229 +4.6%
97 MS 0.20% 13,266,855 $1.2B $94.16 -$661M -1,927,226 -12.7%
98 URI 0.20% 1,725,685 $1.2B $721.11 $549M +738,070 +74.7%
99 TJX 0.19% 12,138,385 $1.2B $101.42 -$439M -1,689,647 -12.2%
100 ADI 0.19% 6,211,745 $1.2B $197.79 -$527M -2,053,142 -24.8%

New Positions

SymbolValue% Port
NXE $1M —%
$864K —%

Sold Out Positions

SymbolValue% Port
WTTR —%
GSBD —%
PRA —%
EAF —%
APPS —%
FOSL —%
CBLL —%
CSIQ —%
KALV —%
ENTA —%
BYND —%
JD —%
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