— 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

Q3 2025 · Filed 2025-11-13
Market Value
$715.9B
-10.6%
Holdings
3,779
+5
New Purchases
5
Added To
983
Closed
1,939
Reduced
793
Top 10 Concentration
29.9%
Turnover
51.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 5.89% 4.86% +1.03% $42.2B
UNH 0.97% 0.48% +0.49% $7.0B
XOM 1.06% 0.77% +0.29% $7.6B
NEE 0.55% 0.30% +0.25% $3.9B
TMO 0.48% 0.28% +0.20% $3.5B
LLY 1.30% 1.10% +0.20% $9.3B
MRK 0.54% 0.36% +0.18% $3.8B
SPG 0.29% 0.13% +0.16% $2.1B
UBS 0.76% 0.61% +0.15% $5.4B
ADBE 0.39% 0.25% +0.13% $2.8B
ARE 0.27% 0.15% +0.12% $2.0B
TMUS 0.31% 0.18% +0.12% $2.2B
AMD 0.50% 0.39% +0.12% $3.6B
PEP 0.41% 0.29% +0.11% $2.9B
DHR 0.35% 0.25% +0.10% $2.5B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 4.97% 6.41% -1.44% $35.6B
AVGO 1.54% 2.32% -0.78% $11.0B
META 2.40% 2.89% -0.49% $17.2B
NFLX 0.53% 0.99% -0.46% $3.8B
PLTR 0.06% 0.41% -0.35% $427M
MSFT 5.95% 6.30% -0.35% $42.6B
TSLA 1.13% 1.48% -0.35% $8.1B
AMZN 3.08% 3.42% -0.34% $22.1B
BLK 0.00% 0.33% -0.33% $0
ORCL 0.27% 0.53% -0.26% $2.0B
V 0.64% 0.88% -0.24% $4.6B
LRCX 0.00% 0.24% -0.24% $0
JPM 1.06% 1.29% -0.23% $7.6B
ANET 0.00% 0.15% -0.15% $0
WFC 0.35% 0.50% -0.15% $2.5B

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 $351.5B 49.6%
Large Cap 722 $309.6B 43.7%
Mid Cap 903 $43.5B 6.1%
Small Cap 749 $3.3B 0.5%
Micro Cap 249 $163M 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
2,693
# ETFs / Funds
2

Top Holdings (3,779 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 5.95% 98,984,893 $42.6B $430.30 -$7.9B -2,528,301 -2.5%
2 AAPL 5.89% 180,983,675 $42.2B $233.00 $3.2B -8,821,145 -4.6%
3 NVDA 4.97% 293,063,699 $35.6B $121.44 -$15.8B -32,190,198 -9.9%
4 AMZN 3.08% 118,489,601 $22.1B $186.33 -$5.4B -6,575,403 -5.3%
5 GOOGL 2.61% 112,493,453 $18.7B $165.85 -$3.3B -12,026,823 -9.7%
6 META 2.40% 30,028,650 $17.2B $572.44 -$6.0B -1,343,395 -4.3%
7 AVGO 1.54% 64,051,174 $11.0B $172.50 -$7.5B -3,351,507 -5.0%
8 LLY 1.30% 10,487,029 $9.3B $885.94 $463M -837,377 -7.4%
9 TSLA 1.13% 30,875,457 $8.1B $261.63 -$3.8B -6,396,545 -17.2%
10 XOM 1.06% 64,668,522 $7.6B $117.22 $1.4B +7,491,164 +13.1%
11 JPM 1.06% 35,827,855 $7.6B $210.86 -$2.7B +316,114 +0.9%
12 UNH 0.97% 11,911,363 $7.0B $584.68 $3.1B -388,560 -3.2%
13 BRK-A 0.85% 8,805 $6.1B $691,180.00 -$1.2B -1,243 -12.4%
14 MA 0.81% 11,682,152 $5.8B $493.80 -$957M -285,882 -2.4%
15 UBS 0.76% 176,024,452 $5.4B $30.82 $546M +31,933,060 +22.2%
16 PG 0.73% 30,324,759 $5.3B $173.20 $153M -1,684,056 -5.3%
17 BAC 0.72% 129,976,075 $5.2B $39.68 $66M +22,375,890 +20.8%
18 WMT 0.71% 62,831,899 $5.1B $80.75 -$294M +7,935,504 +14.5%
19 HD 0.69% 12,182,758 $4.9B $405.20 $51M -1,142,584 -8.6%
20 COST 0.68% 5,511,361 $4.9B $886.52 -$806M -238,518 -4.1%
21 JNJ 0.66% 29,040,172 $4.7B $162.06 -$171M -2,888,952 -9.0%
22 V 0.64% 16,620,475 $4.6B $274.95 -$2.5B -3,193,464 -16.1%
23 ABBV 0.63% 22,975,147 $4.5B $197.48 $249M -126,890 -0.5%
24 GOOG 0.63% 27,057,330 $4.5B $167.19 $225M +2,825,005 +11.7%
25 WELL 0.56% 31,495,212 $4.0B $128.03 -$871M -401,972 -1.3%
26 NEE 0.55% 46,292,600 $3.9B $84.53 $1.5B +12,072,700 +35.3%
27 MRK 0.54% 33,781,024 $3.8B $113.56 $978M -2,330,265 -6.5%
28 KO 0.53% 52,997,934 $3.8B $71.86 -$38M -1,366,309 -2.5%
29 NFLX 0.53% 5,363,262 $3.8B $709.27 -$4.1B -558,228 -9.4%
30 AMD 0.50% 21,987,971 $3.6B $164.08 $513M +179,215 +0.8%
31 BRK-B 0.50% 7,750,490 $3.6B $460.26 -$17M +371,336 +5.0%
32 DLR 0.49% 21,737,729 $3.5B $161.83 -$290M -107,452 -0.5%
33 TMO 0.48% 5,591,966 $3.5B $618.57 $1.2B +6,669 +0.1%
34 CMCSA 0.48% 81,975,421 $3.4B $41.77 -$104M -16,885,921 -17.1%
35 LIN 0.47% 7,004,421 $3.3B $476.86 $241M +399,767 +6.1%
36 CVX 0.42% 20,537,407 $3.0B $147.27 $303M +1,531,353 +8.1%
37 QCOM 0.42% 17,752,820 $3.0B $170.05 $305M +713,998 +4.2%
38 MCD 0.41% 9,628,033 $2.9B $304.51 $151M +110,589 +1.2%
39 PEP 0.41% 17,063,602 $2.9B $170.05 $571M -587,061 -3.3%
40 CRM 0.39% 10,235,122 $2.8B $273.71 -$25M -128,475 -1.2%
41 CSCO 0.39% 52,276,836 $2.8B $53.22 -$1.0B -2,736,490 -5.0%
42 ADBE 0.39% 5,364,949 $2.8B $517.78 $748M +117,972 +2.2%
43 EQR 0.36% 34,898,981 $2.6B $74.46 $247M +53,987 +0.2%
44 PFE 0.36% 88,354,411 $2.6B $28.94 $287M -5,298,927 -5.7%
45 RY 0.35% 20,168,870 $2.5B $124.80 -$82M +459,128 +2.3%
46 VZ 0.35% 55,729,075 $2.5B $44.91 -$1M -2,143,592 -3.7%
47 GE 0.35% 13,248,811 $2.5B $188.58 -$910M +4,988 +0.0%
48 DHR 0.35% 8,949,188 $2.5B $278.02 $509M -1,071,582 -10.7%
49 WFC 0.35% 43,932,558 $2.5B $56.49 -$1.5B -5,874,620 -11.8%
50 CAT 0.33% 6,118,855 $2.4B $391.12 $227M +539,662 +9.7%
51 ABT 0.32% 20,283,690 $2.3B $114.01 -$714M -1,965,999 -8.8%
52 ISRG 0.31% 4,514,606 $2.2B $491.27 -$351M -213,427 -4.5%
53 TMUS 0.31% 10,673,681 $2.2B $206.36 $725M +4,471,297 +72.1%
54 Blackrock Inc 0.30% 2,258,350 $2.1B $949.51 $2.1B +2,258,350
55 TXN 0.29% 10,126,429 $2.1B $206.57 -$744M -3,534,636 -25.9%
56 SPG 0.29% 12,323,948 $2.1B $169.02 $1.0B +5,784,622 +88.5%
57 NOW 0.29% 2,312,914 $2.1B $894.39 -$521M -205,601 -8.2%
58 INTU 0.29% 3,292,637 $2.0B $621.00 -$1.2B -857,573 -20.7%
59 ACN 0.28% 5,763,577 $2.0B $353.48 -$180M -1,653,366 -22.3%
60 DIS 0.28% 20,605,492 $2.0B $96.19 -$636M -508,088 -2.4%
61 UNP 0.27% 7,974,911 $2.0B $246.48 $109M -93,326 -1.2%
62 ORCL 0.27% 11,527,814 $2.0B $170.40 -$2.3B -8,027,497 -41.1%
63 ARE 0.27% 16,457,471 $2.0B $118.75 $759M
64 AMAT 0.27% 9,601,472 $1.9B $202.05 $336M +839,786 +9.6%
65 LOW 0.27% 7,155,365 $1.9B $270.85 $164M -838,615 -10.5%
66 PGR 0.27% 7,528,960 $1.9B $253.76 -$246M -553,700 -6.9%
67 AMGN 0.26% 5,802,563 $1.9B $322.21 $206M -156,126 -2.6%
68 MU 0.26% 18,020,901 $1.9B $103.71 -$112M +1,950,311 +12.1%
69 SPGI 0.25% 3,528,385 $1.8B $516.62 -$366M -622,926 -15.0%
70 UBER 0.25% 24,135,182 $1.8B $75.16 -$534M -1,034,373 -4.1%
71 INVH 0.25% 51,443,083 $1.8B $35.26 $120M -203,005 -0.4%
72 AXP 0.25% 6,627,843 $1.8B $271.20 -$100M +679,712 +11.4%
73 BMY 0.25% 34,380,893 $1.8B $51.74 $225M +806,603 +2.4%
74 CNC 0.24% 22,967,975 $1.7B $75.28 $293M -3,487,386 -13.2%
75 SYK 0.24% 4,779,496 $1.7B $361.26 -$156M +22,088 +0.5%
76 T 0.24% 76,988,383 $1.7B $22.00 -$535M -21,127 -0.0%
77 Lam Research Corp 0.24% 2,072,767 $1.7B $816.08 $1.7B +2,072,767
78 KLAC 0.24% 2,176,040 $1.7B $774.41 $87M +391,418 +21.9%
79 TJX 0.22% 13,640,508 $1.6B $117.54 -$205M -1,006,621 -6.9%
80 BSX 0.22% 19,089,407 $1.6B $83.80 -$490M -368,155 -1.9%
81 ADI 0.22% 6,894,314 $1.6B $230.17 -$217M -682,265 -9.0%
82 VRTX 0.22% 3,409,782 $1.6B $465.08 -$8M -170,574 -4.8%
83 IBM 0.22% 7,129,934 $1.6B $221.08 -$435M +307,482 +4.5%
84 MS 0.22% 14,941,146 $1.6B $104.24 -$677M -924,841 -5.8%
85 ELV 0.22% 2,976,162 $1.5B $520.00 $399M +23,728 +0.8%
86 AVB 0.21% 6,797,979 $1.5B $225.25 $137M -53,248 -0.8%
87 RTX 0.21% 12,626,498 $1.5B $121.16 -$830M -3,532,946 -21.9%
88 ETN 0.21% 4,610,857 $1.5B $331.44 -$137M -52,840 -1.1%
89 SHW 0.21% 3,976,856 $1.5B $381.67 $221M +200,746 +5.3%
90 GILD 0.21% 17,703,266 $1.5B $83.84 -$666M -1,691,236 -8.7%
91 AJG 0.20% 5,181,336 $1.5B $281.37 -$78M +382,417 +8.0%
92 CRH 0.20% 15,587,390 $1.4B $92.68 $437M +4,607,824 +42.0%
93 AMT 0.20% 6,182,403 $1.4B $232.56 $66M -24,615 -0.4%
94 BKNG 0.20% 339,639 $1.4B $4,212.12 -$780M -42,262 -11.1%
95 GS 0.19% 2,756,998 $1.4B $495.11 -$773M -263,886 -8.7%
96 SW 0.19% 27,560,163 $1.4B $49.53 $615M +10,184,281 +58.6%
97 INTC 0.19% 58,032,529 $1.4B $23.46 -$218M -12,475,420 -17.7%
98 PNC 0.19% 7,248,329 $1.3B $184.85 -$138M -679,127 -8.6%
99 UDR 0.19% 29,492,760 $1.3B $45.34 $135M +55,655 +0.2%
100 FI 0.19% 7,435,227 $1.3B $179.65 $83M +171,958 +2.4%

New Positions

SymbolValue% Port
ASTS $39M 0.01%
SYM $18M —%
MIRM $10M —%
BKV $2M —%
$5K —%

Sold Out Positions

SymbolValue% Port
WTTR —%
TXNM —%
GSBD —%
ASIX —%
GOOS —%
PRA —%
EAF —%
CRCL —%
APPS —%
FOSL —%
CBLL —%
CSIQ —%
KALV —%
BYND —%
BWIN —%
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