NORGES BANK
Institutional investor · Portfolio as of Q1 2025
Top Holdings1,743 positions
APPLE INC | 181.9M | $40.4B | 5.7% | $80.26 | +175.08% | 26 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 100.2M | $37.6B | 5.3% | $172.39 | +115.23% | 26 qtrssince 2018-Q4 | Decreased 0 |
NVIDIA CORPORATION | 311.7M | $33.8B | 4.7% | $23.79 | +354.43% | 26 qtrssince 2018-Q4 | Decreased 0 |
AMAZON COM INC | 122.3M | $23.3B | 3.3% | $100.50 | +89.32% | 26 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC | 136.1M | $21B | 3.0% | $106.32 | +44.77% | 26 qtrssince 2018-Q4 | Increased 58 |
META PLATFORMS INC | 31.8M | $18.3B | 2.6% | $210.90 | +171.97% | 26 qtrssince 2018-Q4 | Decreased 0 |
BROADCOM INC | 69.7M | $11.7B | 1.6% | $84.95 | +94.84% | 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% | $150.95 | +71.69% | 26 qtrssince 2018-Q4 | Decreased 0 |
JPMORGAN CHASE & CO | 34.9M | $8.6B | 1.2% | $98.99 | +140.49% | 26 qtrssince 2018-Q4 | Increased 50 |
BERKSHIRE HATHAWAY INC DEL | 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% | $302.46 | +66.43% | 26 qtrssince 2018-Q4 | Decreased 0 |
VISA INC | 18.7M | $6.5B | 0.9% | $185.29 | +87.00% | 26 qtrssince 2018-Q4 | Increased 51 |
MASTERCARD INCORPORATED | 11.4M | $6.3B | 0.9% | $241.75 | +124.66% | 26 qtrssince 2018-Q4 | Decreased 0 |
PROCTER & GAMBLE CO | 31.7M | $5.4B | 0.8% | $96.13 | +69.98% | 26 qtrssince 2018-Q4 | Increased 45 |
COSTCO WHOLESALE CORPORATION | 5.6M | $5.3B | 0.7% | $319.24 | +193.75% | 26 qtrssince 2018-Q4 | Decreased 0 |
NETFLIX INC. | 5.6M | $5.2B | 0.7% | $33.73 | +176.46% | 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% | $119.22 | +33.90% | 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 Score: 3/5.0.
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
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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
Verify source filings on SEC EDGAR