— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Norges Bank

NORGES BANK

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

Q2 2025 · Filed 2025-08-13
Market Value
$801.1B
+26.4%
Holdings
3,774
+46
New Purchases
46
Added To
923
Closed
2,067
Reduced
705
Top 10 Concentration
32.8%
Turnover
56.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 6.41% 4.13% +2.29% $51.4B
AVGO 2.32% 1.14% +1.18% $18.6B
TSLA 1.48% 0.88% +0.59% $11.8B
META 2.89% 2.36% +0.53% $23.2B
GOOGL 2.74% 2.23% +0.51% $21.9B
NFLX 0.99% 0.49% +0.50% $7.9B
AAPL 4.86% 4.48% +0.38% $38.9B
PLTR 0.41% 0.04% +0.37% $3.3B
BLK 0.33% 0.00% +0.33% $2.6B
ORCL 0.53% 0.21% +0.32% $4.3B
BRK-A 0.91% 0.60% +0.31% $7.3B
LRCX 0.24% 0.00% +0.24% $1.9B
V 0.88% 0.65% +0.23% $7.0B
AMZN 3.42% 3.20% +0.23% $27.4B
GEV 0.23% 0.00% +0.23% $1.8B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 0.48% 0.94% -0.46% $3.8B
GOOG 0.54% 0.90% -0.36% $4.3B
SPG 0.13% 0.45% -0.32% $1.1B
BRK-B 0.45% 0.72% -0.27% $3.6B
XOM 0.77% 1.04% -0.27% $6.2B
MRK 0.36% 0.62% -0.27% $2.9B
AMD 0.39% 0.65% -0.26% $3.1B
TMO 0.28% 0.54% -0.26% $2.3B
TMUS 0.18% 0.41% -0.22% $1.5B
LLY 1.10% 1.32% -0.21% $8.8B
UBS 0.61% 0.81% -0.20% $4.9B
WDAY 0.06% 0.25% -0.19% $443M
ARE 0.15% 0.33% -0.19% $1.2B
ADBE 0.25% 0.43% -0.18% $2.0B
PEP 0.29% 0.46% -0.17% $2.3B

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 $415.6B 51.9%
Large Cap 720 $342.6B 42.8%
Mid Cap 901 $41.3B 5.2%
Small Cap 749 $1.5B 0.2%
Micro Cap 249 $55M 0.0%

Portfolio Analytics

Avg Market Cap
$29.9B
Median Market Cap
$3.7B
Avg P/E
31.1
Median P/E
20.8
Avg Dividend Yield
0.04%
Avg Beta
1.08
# Stocks
2,689
# ETFs / Funds
2

Top Holdings (3,774 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.41% 325,253,897 $51.4B $157.99 $25.2B +296,302,613 +1023.5%
2 MSFT 6.30% 101,513,194 $50.5B $497.41 $10.9B +7,430,651 +7.9%
3 AAPL 4.86% 189,804,820 $38.9B $205.17 $10.6B +24,286,079 +14.7%
4 AMZN 3.42% 125,065,004 $27.4B $219.39 $7.2B +12,704,134 +11.3%
5 META 2.89% 31,372,045 $23.2B $738.09 $8.2B +583,992 +1.9%
6 GOOGL 2.74% 124,520,276 $21.9B $176.23 $7.8B +30,809,755 +32.9%
7 AVGO 2.32% 67,402,681 $18.6B $275.65 $11.4B +61,976,498 +1142.2%
8 TSLA 1.48% 37,272,002 $11.8B $317.66 $6.2B +5,444,934 +17.1%
9 JPM 1.29% 35,511,741 $10.3B $289.91 $2.9B -1,229,060 -3.3%
10 LLY 1.10% 11,324,406 $8.8B $779.53 $491M +608,387 +5.7%
11 NFLX 0.99% 5,921,490 $7.9B $1,339.13 $4.8B +845,079 +16.6%
12 BRK-A 0.91% 10,048 $7.3B $728,800.00 $3.5B +4,042 +67.3%
13 V 0.88% 19,813,939 $7.0B $355.05 $2.9B +5,110,580 +34.8%
14 MA 0.84% 11,968,034 $6.7B $561.94 $1.4B +809,695 +7.3%
15 XOM 0.77% 57,177,358 $6.2B $107.80 -$429M +457,664 +0.8%
16 COST 0.71% 5,749,879 $5.7B $989.94 $1.9B +556,478 +10.7%
17 WMT 0.67% 54,896,395 $5.4B $97.78 $1.2B -14,722,484 -21.1%
18 PG 0.64% 32,008,815 $5.1B $159.32 $357M +2,779,209 +9.5%
19 BAC 0.64% 107,600,185 $5.1B $47.32 $512M -13,165,805 -10.9%
20 WELL 0.61% 31,897,184 $4.9B $153.73 $2.4B +4,687,129 +17.2%
21 HD 0.61% 13,325,342 $4.9B $366.64 $361M +1,531,150 +13.0%
22 UBS 0.61% 144,091,392 $4.9B $33.85 -$230M -21,935,906 -13.2%
23 JNJ 0.61% 31,929,124 $4.9B $152.75 $371M +3,440,342 +12.1%
24 GOOG 0.54% 24,232,325 $4.3B $177.39 -$1.4B -13,138,257 -35.2%
25 ABBV 0.54% 23,102,037 $4.3B $185.62 $270M +1,037,268 +4.7%
26 ORCL 0.53% 19,555,311 $4.3B $218.63 $2.9B +8,824,601 +82.2%
27 WFC 0.50% 49,807,178 $4.0B $80.12 $1.1B +615,727 +1.3%
28 KO 0.48% 54,364,243 $3.8B $70.75 $758M +3,879,678 +7.7%
29 UNH 0.48% 12,299,923 $3.8B $311.97 -$2.1B +307,959 +2.6%
30 CSCO 0.48% 55,013,326 $3.8B $69.38 $1.4B +7,080,453 +14.8%
31 DLR 0.48% 21,845,181 $3.8B $174.33 $1.5B +5,522,193 +33.8%
32 BRK-B 0.45% 7,379,154 $3.6B $485.77 -$979M -3,473,608 -32.0%
33 CMCSA 0.44% 98,861,342 $3.5B $35.69 $958M +39,561,859 +66.7%
34 GE 0.43% 13,243,823 $3.4B $257.39 $1.6B +2,781,694 +26.6%
35 PLTR 0.41% 24,262,451 $3.3B $136.32 $3.1B +13,083,985 +117.0%
36 INTU 0.41% 4,150,210 $3.3B $787.63 $1.2B +975,689 +30.7%
37 LIN 0.39% 6,604,654 $3.1B $469.18 -$170M -436,119 -6.2%
38 AMD 0.39% 21,808,756 $3.1B $141.90 -$1.0B -1,018,230 -4.5%
39 ABT 0.38% 22,249,689 $3.0B $136.01 $733M +2,072,090 +10.3%
40 MRK 0.36% 36,111,289 $2.9B $79.16 -$1.1B +6,177,336 +20.6%
41 TXN 0.35% 13,661,065 $2.8B $207.62 $1.1B +3,786,914 +38.4%
42 CRM 0.35% 10,363,597 $2.8B $272.69 -$233M +207,213 +2.0%
43 MCD 0.35% 9,517,444 $2.8B $292.17 $243M +518,409 +5.8%
44 CVX 0.34% 19,006,054 $2.7B $143.19 -$379M -650,254 -3.3%
45 QCOM 0.34% 17,038,822 $2.7B $159.26 -$377M -1,218,593 -6.7%
46 BLK 0.33% 2,519,902 $2.6B $1,049.25 $2.6B +2,519,902
47 DIS 0.33% 21,113,580 $2.6B $124.01 $189M +1,256,829 +6.3%
48 RY 0.32% 19,709,742 $2.6B $131.88 $654M +429,324 +2.2%
49 NOW 0.32% 2,518,515 $2.6B $1,028.08 $890M +289,730 +13.0%
50 ISRG 0.32% 4,728,033 $2.6B $543.41 $877M +488,921 +11.5%
51 VZ 0.31% 57,872,667 $2.5B $43.27 $263M +4,470,172 +8.4%
52 C 0.31% 28,852,555 $2.5B $85.12 $1.2B +8,495,664 +41.7%
53 NEE 0.30% 34,219,900 $2.4B $69.42 -$584M -12,080,607 -26.1%
54 RTX 0.29% 16,159,444 $2.4B $146.02 $1.5B +7,364,579 +83.7%
55 EQR 0.29% 34,844,994 $2.4B $67.49 $139M -208,626 -0.6%
56 UBER 0.29% 25,169,555 $2.3B $93.30 $484M +960,687 +4.0%
57 PEP 0.29% 17,650,663 $2.3B $132.04 -$594M +942,292 +5.6%
58 PFE 0.28% 93,653,338 $2.3B $24.24 $141M +16,934,780 +22.1%
59 TMO 0.28% 5,585,297 $2.3B $405.46 -$1.2B -345,588 -5.8%
60 MS 0.28% 15,865,987 $2.2B $140.86 $986M +2,599,132 +19.6%
61 T 0.28% 77,009,510 $2.2B $28.94 $1.0B +7,544,906 +10.9%
62 ACN 0.28% 7,416,943 $2.2B $298.89 $42M +1,143,093 +18.2%
63 BKNG 0.28% 381,901 $2.2B $5,789.24 $393M -119,319 -23.8%
64 SPGI 0.27% 4,151,311 $2.2B $527.29 $606M +430,419 +11.6%
65 CAT 0.27% 5,579,193 $2.2B $388.21 -$12M -363,544 -6.1%
66 PGR 0.27% 8,082,660 $2.2B $266.86 $632M +707,201 +9.6%
67 GILD 0.27% 19,394,502 $2.2B $110.87 $886M +2,134,502 +12.4%
68 GS 0.27% 3,020,884 $2.1B $707.75 $937M +145,262 +5.1%
69 APH 0.26% 21,308,798 $2.1B $98.75 $835M +10,302,969 +93.6%
70 BSX 0.26% 19,457,562 $2.1B $107.41 $891M +1,947,358 +11.1%
71 ADBE 0.25% 5,246,977 $2.0B $386.88 -$697M -157,063 -2.9%
72 IBM 0.25% 6,822,452 $2.0B $294.78 $969M +1,366,020 +25.0%
73 MU 0.25% 16,070,590 $2.0B $123.25 $301M +1,821,461 +12.8%
74 DHR 0.25% 10,020,770 $2.0B $197.54 -$52M +1,883,946 +23.2%
75 AXP 0.24% 5,948,131 $1.9B $318.98 $540M -11,702 -0.2%
76 LRCX 0.24% 19,463,578 $1.9B $97.34 $1.9B +19,463,578
77 SCHW 0.24% 20,713,047 $1.9B $91.24 $873M +6,658,872 +47.4%
78 SYK 0.23% 4,757,408 $1.9B $395.63 $297M +329,333 +7.4%
79 UNP 0.23% 8,068,237 $1.9B $230.08 -$124M +14,576 +0.2%
80 GEV 0.23% 3,419,106 $1.8B $529.15 $1.8B +3,419,106
81 TJX 0.23% 14,647,129 $1.8B $123.49 $578M +2,508,744 +20.7%
82 ADI 0.23% 7,576,579 $1.8B $238.02 $575M +1,364,834 +22.0%
83 SHOP 0.22% 15,559,887 $1.8B $115.36 $748M +1,988,332 +14.7%
84 LOW 0.22% 7,993,980 $1.8B $221.87 -$27M +925,576 +13.1%
85 COF 0.21% 7,997,325 $1.7B $212.76 $1.3B +5,055,528 +171.9%
86 INVH 0.21% 51,646,088 $1.7B $32.80 $234M +10,646,260 +26.0%
87 ETN 0.21% 4,663,697 $1.7B $356.99 $323M +371,584 +8.7%
88 AMGN 0.21% 5,958,689 $1.7B $279.21 $60M +317,165 +5.6%
89 FTNT 0.20% 15,521,190 $1.6B $105.72 $1.6B +15,068,092 +3325.6%
90 CRWD 0.20% 3,216,833 $1.6B $509.31 $725M +368,369 +12.9%
91 HWM 0.20% 8,774,281 $1.6B $186.13 $955M -1,142,919 -11.5%
92 AMAT 0.20% 8,761,686 $1.6B $183.07 -$394M -925,544 -9.6%
93 KLAC 0.20% 1,784,622 $1.6B $895.74 $395M +61,835 +3.6%
94 VRTX 0.20% 3,580,356 $1.6B $445.20 $149M +122,406 +3.5%
95 INTC 0.20% 70,507,949 $1.6B $22.40 -$417M +25,319,755 +56.0%
96 DE 0.20% 3,103,784 $1.6B $508.49 $263M -98,602 -3.1%
97 CME 0.20% 5,701,497 $1.6B $275.62 $633M +1,344,568 +30.9%
98 BMY 0.19% 33,574,290 $1.6B $46.29 -$195M +1,322,130 +4.1%
99 TD 0.19% 20,973,483 $1.5B $73.60 $153M -2,063,923 -9.0%
100 ICE 0.19% 8,408,897 $1.5B $183.47 $607M +1,600,414 +23.5%

New Positions

SymbolValue% Port
AMRZ $671M 0.08%
RKLB $165M 0.02%
QGEN $159M 0.02%
SAIL $112M 0.01%
RAL $108M 0.01%
TXNM $99M 0.01%
SNDK $79M 0.01%
HIMS $78M 0.01%
LIF $60M 0.01%
SFD $31M —%
CHYM $24M —%
HSAI $21M —%
ETOR $16M —%
MRP $16M —%
HNGE $16M —%

Sold Out Positions

SymbolValue% Port
WTTR —%
GSBD —%
ASIX —%
GOOS —%
PRA —%
HL —%
PRI —%
EAF —%
APPS —%
FOSL —%
CBLL —%
CSIQ —%
KALV —%
SEDG —%
ENTA —%
View SEC EDGAR Filings for Norges Bank →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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