NORGES BANK
Institutional investor · Portfolio as of Q1 2025
Top Holdings1,743 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
APPLE INC | 181.9M | $40.4B | 5.7% | $118.65 | +86.06% | 26 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 100.2M | $37.6B | 5.3% | $173.00 | +117.79% | 26 qtrssince 2018-Q4 | Decreased 0 |
NVIDIA CORP | 311.7M | $33.8B | 4.7% | $115.52 | -5.08% | 26 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 122.3M | $23.3B | 3.3% | $119.64 | +61.08% | 26 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL A | 136.1M | $21B | 3.0% | $123.63 | +24.48% | 26 qtrssince 2018-Q4 | Increased 58 |
META PLATFORMS INC-CLASS A | 31.8M | $18.3B | 2.6% | $213.23 | +169.87% | 26 qtrssince 2018-Q4 | Decreased 0 |
BROADCOM INC | 69.7M | $11.7B | 1.6% | $167.82 | -1.19% | 26 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 11M | $9.1B | 1.3% | $238.02 | +243.36% | 26 qtrssince 2018-Q4 | Increased 51 |
TESLA INC | 34.6M | $9B | 1.3% | $252.65 | +4.32% | 26 qtrssince 2018-Q4 | Decreased 0 |
JPMORGAN CHASE & CO | 34.9M | $8.6B | 1.2% | $99.27 | +139.71% | 26 qtrssince 2018-Q4 | Increased 50 |
BERKSHIRE HATHAWAY INC-CL A | 9,570 | $7.6B | 1.1% | $470,588.75 | +67.93% | 26 qtrssince 2018-Q4 | Decreased 0 |
EXXON MOBIL CORP | 61M | $7.3B | 1.0% | $64.91 | +75.35% | 26 qtrssince 2018-Q4 | Decreased 0 |
UNITEDHEALTH GROUP INC | 12.6M | $6.6B | 0.9% | $306.78 | +64.87% | 26 qtrssince 2018-Q4 | Decreased 0 |
VISA INC-CLASS A SHARES | 18.7M | $6.5B | 0.9% | $185.29 | +87.00% | 26 qtrssince 2018-Q4 | Increased 51 |
MASTERCARD INC - A | 11.4M | $6.3B | 0.9% | $240.92 | +123.11% | 26 qtrssince 2018-Q4 | Decreased 0 |
PROCTER & GAMBLE CO/THE | 31.7M | $5.4B | 0.8% | $96.13 | +69.98% | 26 qtrssince 2018-Q4 | Increased 45 |
COSTCO WHOLESALE CORP | 5.6M | $5.3B | 0.7% | $319.24 | +193.75% | 26 qtrssince 2018-Q4 | Decreased 0 |
NETFLIX INC | 5.6M | $5.2B | 0.7% | $33.04 | +182.70% | 26 qtrssince 2018-Q4 | Decreased 0 |
ABBVIE INC | 24.5M | $5.1B | 0.7% | $95.17 | +109.76% | 26 qtrssince 2018-Q4 | Decreased 0 |
JOHNSON & JOHNSON | 30.8M | $5.1B | 0.7% | $120.11 | +33.31% | 26 qtrssince 2018-Q4 | Increased 46 |
NORGES BANK manages $712.5B across 1743 positions as of Q1 2025. Top holdings: AAPL (5.7%), MSFT (5.3%), NVDA (4.7%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 4/5.0.
Active quarter - 48 new positions, 150 exits, 694 increased. Top move: GOOGL (INCREASED, conviction 58). Portfolio: $712.5B across 1743 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Accumulation Streaks
Positions with 2+ consecutive quarters of increases - persistent directional conviction.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer