NORGES BANK
Institutional investor · Portfolio as of Q3 2019
Top Holdings2,092 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
MICROSOFT CORP | 77.7M | $10.8B | 3.3% | $94.41 | +38.05% | 4 qtrssince 2018-Q4 | Increased 59 |
APPLE INC | 47.4M | $10.6B | 3.2% | $37.57 | +43.01% | 4 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 4.4M | $7.6B | 2.3% | $74.20 | +16.26% | 4 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL A | 5.1M | $6.2B | 1.9% | $53.79 | +13.11% | 4 qtrssince 2018-Q4 | Increased 61 |
META PLATFORMS INC-CLASS A | 26.7M | $4.8B | 1.5% | $135.40 | +29.88% | 4 qtrssince 2018-Q4 | Increased 50 |
JOHNSON & JOHNSON | 28.4M | $3.7B | 1.1% | $105.08 | +2.66% | 4 qtrssince 2018-Q4 | Unchanged 0 |
JPMORGAN CHASE & CO | 28.8M | $3.4B | 1.0% | $79.25 | +24.33% | 4 qtrssince 2018-Q4 | Decreased 0 |
ALIBABA GROUP HOLDING-SP ADR | 20.2M | $3.4B | 1.0% | $141.14 | +11.50% | 4 qtrssince 2018-Q4 | Increased 64 |
PROCTER & GAMBLE CO/THE | 26.6M | $3.3B | 1.0% | $76.31 | +36.43% | 4 qtrssince 2018-Q4 | Increased 50 |
VISA INC-CLASS A SHARES | 18.2M | $3.1B | 1.0% | $125.68 | +30.18% | 4 qtrssince 2018-Q4 | Increased 45 |
EXXON MOBIL CORP | 42.8M | $3B | 0.9% | $49.24 | +7.84% | 4 qtrssince 2018-Q4 | Increased 45 |
BANK OF AMERICA CORP | 103M | $3B | 0.9% | $20.57 | +20.42% | 4 qtrssince 2018-Q4 | Decreased 0 |
AT&T INC | 73.1M | $2.8B | 0.8% | $12.94 | +38.79% | 4 qtrssince 2018-Q4 | Increased 46 |
VERIZON COMMUNICATIONS INC | 45.2M | $2.7B | 0.8% | $37.19 | +12.00% | 4 qtrssince 2018-Q4 | Increased 45 |
HOME DEPOT INC | 11.7M | $2.7B | 0.8% | $143.36 | +37.80% | 4 qtrssince 2018-Q4 | Decreased 0 |
| 13.1M | $2.5B | 0.8% | $140.75 | +24.36% | 4 qtrssince 2018-Q4 | Decreased 0 | |
INTEL CORP | 49M | $2.5B | 0.8% | $40.61 | +9.71% | 4 qtrssince 2018-Q4 | Increased 46 |
MASTERCARD INC - A | 9.1M | $2.5B | 0.8% | $179.54 | +44.54% | 4 qtrssince 2018-Q4 | Increased 45 |
CHEVRON CORP | 20.6M | $2.4B | 0.7% | $79.16 | +11.40% | 4 qtrssince 2018-Q4 | Decreased 0 |
CISCO SYSTEMS INC | 47.9M | $2.4B | 0.7% | $34.75 | +16.04% | 4 qtrssince 2018-Q4 | Decreased 0 |
NORGES BANK manages $326.5B across 2092 positions as of Q3 2019. Top holdings: MSFT (3.3%), AAPL (3.2%), AMZN (2.3%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 4/5.0.
Active quarter - 68 new positions, 81 exits, 632 increased. Top move: BABA (INCREASED, conviction 64). Portfolio: $326.5B across 2092 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