NORGES BANKNORGES BANK

Institutional investor · Portfolio as of Q2 2022

Top Holdings2,052 positions

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Activity:

APPLE INC

154.9M$21.2B5.5%$46.68+186.87%
15 qtrssince 2018-Q4
Increased
67

MICROSOFT CORP

80.2M$20.6B5.3%$112.18+121.10%
15 qtrssince 2018-Q4
Increased
67

ALPHABET INC

4.5M$9.9B2.5%$62.37+73.07%
15 qtrssince 2018-Q4
Increased
59

AMAZON COM INC

92.2M$9.8B2.5%$80.47+31.98%
15 qtrssince 2018-Q4
Increased
88

TESLA INC

8.2M$5.5B1.4%$77.37+190.13%
15 qtrssince 2018-Q4
Increased
54

META PLATFORMS INC

33.8M$5.5B1.4%$152.90+4.46%
15 qtrssince 2018-Q4
Increased
61

UNITEDHEALTH GROUP INC

9M$4.6B1.2%$224.93+110.67%
15 qtrssince 2018-Q4
Decreased
0

JOHNSON & JOHNSON

23.8M$4.2B1.1%$105.00+49.90%
15 qtrssince 2018-Q4
Decreased
0

EXXON MOBIL CORP

45.5M$3.9B1.0%$49.59+56.41%
15 qtrssince 2018-Q4
Decreased
0

NVIDIA CORPORATION

24.4M$3.7B1.0%$6.04+149.89%
15 qtrssince 2018-Q4
Increased
49

ALPHABET INC

1.6M$3.4B0.9%$120.14-9.82%
15 qtrssince 2018-Q4
Decreased
0

PROCTER AND GAMBLE CO

23M$3.3B0.9%$77.52+65.95%
15 qtrssince 2018-Q4
Increased
45

T-MOBILE US INC

23.4M$3.1B0.8%$95.14+34.46%
15 qtrssince 2018-Q4
Decreased
0

BANK AMERICA CORP

97.3M$3B0.8%$22.06+26.78%
15 qtrssince 2018-Q4
Increased
48

PFIZER INC

56.6M$3B0.8%$28.53+44.52%
15 qtrssince 2018-Q4
Increased
45

THERMO FISHER SCIENTIFIC INC

5.4M$2.9B0.8%$325.62+64.73%
15 qtrssince 2018-Q4
Increased
48

JPMORGAN CHASE & CO.

26.1M$2.9B0.8%$82.39+22.97%
15 qtrssince 2018-Q4
Increased
45

HOME DEPOT INC

10.5M$2.9B0.7%$146.94+67.17%
15 qtrssince 2018-Q4
Increased
46

MASTERCARD INCORPORATED

9.1M$2.9B0.7%$195.18+57.54%
15 qtrssince 2018-Q4
Decreased
0

BERKSHIRE HATHAWAY INC DEL

6,902$2.8B0.7%$317,181.08+29.59%
15 qtrssince 2018-Q4
Decreased
0
$386.8B
AUM
2,052
Positions
Q2 2022
Filing
HI score · 3.0/5
Quarterly 13F Value Change
+2%Q1'21$436.8B+6%Q2'21$461.3B-2%Q3'21$452B+8%Q4'21$486.4B-6%Q1'22$458.8B-16%Q2'22$386.8B
Activity profile
$ moved · Q2'22
New1%Increased52%Decreased44%Exited3%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 3.0 years
<1Q2%1-4Q6%1-2Y10%2Y+82%

NORGES BANK manages $386.8B across 2052 positions as of Q2 2022. Top holdings: AAPL (5.5%), MSFT (5.3%), GOOGL (2.5%). Fund DNA: Balanced Allocator. HoldingsIntel Score: 3/5.0.

Q2 2022 Summary

Active quarter - 76 new positions, 186 exits, 784 increased. Top move: AMZN (INCREASED, conviction 88). Portfolio: $386.8B across 2052 positions.

Top holdings by portfolio weight

Total AUM$387B
AAPL5.48%
MSFT5.33%
GOOGL2.55%
AMZN2.53%
TSLA1.43%
META1.41%
UNH1.19%
JNJ1.09%
XOM1.01%
NVDA0.96%
Other0.88%

Portfolio allocation by GICS sector

Sectors11
Technology23.02%
Financial Services14.07%
Healthcare13.72%
Consumer Cyclical10.43%
Communication Services8.58%
Real Estate7.18%
Industrials6.83%
Consumer Defensive5.63%
Energy3.15%
Unknown2.99%
Other4.40%

Behavioral investing profile

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Balanced Allocator- primarily Technology, Financial Services, Healthcare
Compare DNA across all funds
7-dimension, SEC 13F-derived research score
Solid(3.0 / 5.0)
Holdings P&L58
Conviction41
Concentration49
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Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Accumulation Streaks

Positions with 2+ consecutive quarters of increases - persistent directional conviction.

Security
5Q
AGNCAGNCAGNC INVT CORP
Q4 2024 → Q2 2026+7.1M shares+$81M
5Q
APGAPGAPI Group Corp
Q4 2024 → Q2 2026+2.2M shares+$119M
5Q
ACADACADACADIA PHARMACEUTICALS INC
Q4 2024 → Q2 2026+290,895 shares+$20.6M
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

Verify source filings on SEC EDGAR

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