NORGES BANK
Institutional investor · Portfolio as of Q3 2023
Top Holdings1,966 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
APPLE INC | 173M | $29.6B | 6.0% | $103.37 | +63.41% | 20 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 91.7M | $28.9B | 5.9% | $133.33 | +132.87% | 20 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 111.1M | $14.1B | 2.9% | $108.03 | +17.67% | 20 qtrssince 2018-Q4 | Increased 55 |
ALPHABET INC-CL A | 105M | $13.7B | 2.8% | $97.03 | +33.86% | 20 qtrssince 2018-Q4 | Decreased 0 |
NVIDIA CORP | 28.6M | $12.4B | 2.5% | $18.46 | +135.45% | 20 qtrssince 2018-Q4 | Decreased 0 |
META PLATFORMS INC-CLASS A | 30.4M | $9.1B | 1.9% | $153.67 | +94.01% | 20 qtrssince 2018-Q4 | Decreased 0 |
TESLA INC | 28.9M | $7.2B | 1.5% | $225.27 | +11.07% | 20 qtrssince 2018-Q4 | Decreased 0 |
EXXON MOBIL CORP | 50.6M | $5.9B | 1.2% | $54.19 | +99.24% | 20 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 9.9M | $5.3B | 1.1% | $152.81 | +244.33% | 20 qtrssince 2018-Q4 | Increased 50 |
UNITEDHEALTH GROUP INC | 10.5M | $5.3B | 1.1% | $262.91 | +83.65% | 20 qtrssince 2018-Q4 | Decreased 0 |
JPMORGAN CHASE & CO | 34.7M | $5B | 1.0% | $92.39 | +48.36% | 20 qtrssince 2018-Q4 | Decreased 0 |
UBS GROUP AG- REG | 177.4M | $4.4B | 0.9% | $13.09 | +77.74% | 20 qtrssince 2018-Q4 | Increased 47 |
MASTERCARD INC - A | 10.1M | $4B | 0.8% | $208.60 | +87.07% | 20 qtrssince 2018-Q4 | Increased 45 |
BERKSHIRE HATHAWAY INC-CL B | 10.9M | $3.8B | 0.8% | $257.02 | +36.30% | 20 qtrssince 2018-Q4 | Increased 46 |
PROCTER & GAMBLE CO/THE | 26.3M | $3.8B | 0.8% | $84.19 | +60.09% | 20 qtrssince 2018-Q4 | Increased 45 |
VISA INC-CLASS A SHARES | 16M | $3.7B | 0.7% | $148.61 | +51.29% | 20 qtrssince 2018-Q4 | Increased 46 |
JOHNSON & JOHNSON | 23.6M | $3.7B | 0.7% | $111.84 | +29.93% | 20 qtrssince 2018-Q4 | Decreased 0 |
BROADCOM INC | 4.4M | $3.6B | 0.7% | $30.58 | +163.44% | 20 qtrssince 2018-Q4 | Decreased 0 |
HOME DEPOT INC | 11.9M | $3.6B | 0.7% | $166.28 | +71.90% | 20 qtrssince 2018-Q4 | Increased 45 |
ALPHABET INC-CL C | 27.3M | $3.6B | 0.7% | $95.36 | +37.23% | 20 qtrssince 2018-Q4 | Decreased 0 |
NORGES BANK manages $492.8B across 1966 positions as of Q3 2023. Top holdings: AAPL (6.0%), MSFT (5.9%), AMZN (2.9%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 4/5.0.
Active quarter - 62 new positions, 104 exits, 884 increased. Top move: AMZN (INCREASED, conviction 55). Portfolio: $492.8B across 1966 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