NORGES BANK
Institutional investor · Portfolio as of Q2 2025
Top Holdings1,707 positions
NVIDIA Corp | 325.3M | $51.4B | 6.4% | $29.35 | +436.92% | 27 qtrssince 2018-Q4 | Increased 65 |
Microsoft Corp | 101.5M | $50.5B | 6.3% | $176.66 | +178.81% | 27 qtrssince 2018-Q4 | Increased 63 |
Apple Inc | 189.8M | $38.9B | 4.9% | $85.45 | +138.95% | 27 qtrssince 2018-Q4 | Increased 61 |
Amazon.com Inc | 125.1M | $27.4B | 3.4% | $103.09 | +112.81% | 27 qtrssince 2018-Q4 | Increased 60 |
Facebook Inc | 31.4M | $23.2B | 2.9% | $210.90 | +248.55% | 27 qtrssince 2018-Q4 | Decreased 0 |
Alphabet Inc | 124.5M | $21.9B | 2.7% | $106.32 | +65.18% | 27 qtrssince 2018-Q4 | Decreased 0 |
Broadcom Inc | 67.4M | $18.6B | 2.3% | $84.95 | +221.53% | 27 qtrssince 2018-Q4 | Decreased 0 |
Tesla Inc | 37.3M | $11.8B | 1.5% | $163.00 | +94.88% | 27 qtrssince 2018-Q4 | Increased 54 |
JPMorgan Chase & Co | 35.5M | $10.3B | 1.3% | $102.05 | +177.42% | 27 qtrssince 2018-Q4 | Increased 51 |
Eli Lilly & Co | 11.3M | $8.8B | 1.1% | $253.57 | +204.83% | 27 qtrssince 2018-Q4 | Increased 52 |
Netflix Inc | 5.9M | $7.9B | 1.0% | $38.89 | +244.38% | 27 qtrssince 2018-Q4 | Increased 47 |
BERKSHIRE HATHAWAY INC CL A | 10,048 | $7.3B | 0.9% | $482,974.09 | +51.34% | 27 qtrssince 2018-Q4 | Increased 47 |
Visa Inc | 19.8M | $7B | 0.9% | $194.95 | +80.36% | 27 qtrssince 2018-Q4 | Increased 48 |
Mastercard Inc | 12M | $6.7B | 0.8% | $256.18 | +117.70% | 27 qtrssince 2018-Q4 | Increased 47 |
Exxon Mobil Corp | 57.2M | $6.2B | 0.8% | $64.91 | +64.41% | 27 qtrssince 2018-Q4 | Decreased 0 |
Costco Wholesale Corp | 5.7M | $5.7B | 0.7% | $335.50 | +192.94% | 27 qtrssince 2018-Q4 | Increased 46 |
Wal-Mart Stores Inc | 54.9M | $5.4B | 0.7% | $44.19 | +118.90% | 23 qtrssince 2019-Q4 | Increased 47 |
Procter & Gamble Co/The | 32M | $5.1B | 0.6% | $96.70 | +58.96% | 27 qtrssince 2018-Q4 | Increased 45 |
Bank of America Corp | 107.6M | $5.1B | 0.6% | $26.75 | +72.25% | 27 qtrssince 2018-Q4 | Decreased 0 |
Welltower Inc | 31.9M | $4.9B | 0.6% | $78.07 | +93.20% | 27 qtrssince 2018-Q4 | Increased 46 |
NORGES BANK manages $801.1B across 1707 positions as of Q2 2025. Top holdings: NVDA (6.4%), MSFT (6.3%), AAPL (4.9%). Fund DNA: Balanced Allocator. HoldingsIntel Score: 3/5.0.
Active quarter - 54 new positions, 90 exits, 785 increased. Top move: NVDA (INCREASED, conviction 65). Portfolio: $801.1B across 1707 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
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Position Outcomes
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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
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Verify source filings on SEC EDGAR