NORGES BANK
Institutional investor · Portfolio as of Q2 2020
Top Holdings2,076 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
MICROSOFT CORP | 79.4M | $16.2B | 4.7% | $95.94 | +97.48% | 7 qtrssince 2018-Q4 | Increased 59 |
APPLE INC | 43.7M | $15.9B | 4.6% | $38.21 | +130.88% | 7 qtrssince 2018-Q4 | Increased 59 |
AMAZON.COM INC | 4.7M | $13B | 3.7% | $76.88 | +74.32% | 7 qtrssince 2018-Q4 | Increased 60 |
ALPHABET INC-CL A | 5.4M | $7.6B | 2.2% | $54.38 | +27.48% | 7 qtrssince 2018-Q4 | Increased 57 |
META PLATFORMS INC-CLASS A | 27.6M | $6.3B | 1.8% | $140.73 | +55.69% | 7 qtrssince 2018-Q4 | Increased 54 |
ALIBABA GROUP HOLDING-SP ADR | 25.3M | $5.5B | 1.6% | $152.60 | +33.02% | 7 qtrssince 2018-Q4 | Increased 52 |
JOHNSON & JOHNSON | 28.3M | $4B | 1.1% | $105.11 | +13.23% | 7 qtrssince 2018-Q4 | Decreased 0 |
PROCTER & GAMBLE CO/THE | 26.2M | $3.1B | 0.9% | $76.44 | +33.44% | 7 qtrssince 2018-Q4 | Decreased 0 |
VISA INC-CLASS A SHARES | 16M | $3.1B | 0.9% | $125.68 | +46.90% | 7 qtrssince 2018-Q4 | Decreased 0 |
HOME DEPOT INC | 11.9M | $3B | 0.9% | $145.73 | +47.93% | 7 qtrssince 2018-Q4 | Increased 47 |
UNITEDHEALTH GROUP INC | 9.6M | $2.8B | 0.8% | $220.48 | +20.20% | 7 qtrssince 2018-Q4 | Increased 46 |
MASTERCARD INC - A | 9.4M | $2.8B | 0.8% | $182.21 | +55.66% | 7 qtrssince 2018-Q4 | Increased 45 |
INTEL CORP | 46.1M | $2.8B | 0.8% | $40.75 | +27.45% | 7 qtrssince 2018-Q4 | Decreased 0 |
BANK OF AMERICA CORP | 101.5M | $2.4B | 0.7% | $20.54 | -0.39% | 7 qtrssince 2018-Q4 | Increased 45 |
JPMORGAN CHASE & CO | 25.4M | $2.4B | 0.7% | $79.25 | +0.69% | 7 qtrssince 2018-Q4 | Decreased 0 |
| 11.4M | $2.4B | 0.7% | $142.89 | +36.96% | 7 qtrssince 2018-Q4 | Decreased 0 | |
VERIZON COMMUNICATIONS INC | 41.4M | $2.3B | 0.7% | $37.19 | +4.82% | 7 qtrssince 2018-Q4 | Decreased 0 |
NVIDIA CORP | 6M | $2.3B | 0.7% | $4.01 | +128.40% | 7 qtrssince 2018-Q4 | Increased 50 |
AT&T INC | 73.4M | $2.2B | 0.6% | $13.14 | +15.83% | 7 qtrssince 2018-Q4 | Increased 46 |
CISCO SYSTEMS INC | 47.3M | $2.2B | 0.6% | $34.75 | +12.22% | 7 qtrssince 2018-Q4 | Decreased 0 |
NORGES BANK manages $347.3B across 2076 positions as of Q2 2020. Top holdings: MSFT (4.7%), AAPL (4.6%), AMZN (3.7%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 2/5.0.
Active quarter - 83 new positions, 53 exits, 992 increased. Top move: AMZN (INCREASED, conviction 60). Portfolio: $347.3B across 2076 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