NORGES BANK
Institutional investor · Portfolio as of Q3 2023
Top Holdings1,966 positions
Apple Inc | 173M | $29.6B | 6.0% | $59.16 | +185.52% | 20 qtrssince 2018-Q4 | Decreased 0 |
Microsoft Corp | 91.7M | $28.9B | 5.9% | $133.22 | +131.60% | 20 qtrssince 2018-Q4 | Decreased 0 |
Amazon.com Inc | 111.1M | $14.1B | 2.9% | $85.84 | +48.09% | 20 qtrssince 2018-Q4 | Increased 55 |
Alphabet Inc | 105M | $13.7B | 2.8% | $70.96 | +82.67% | 20 qtrssince 2018-Q4 | Decreased 0 |
NVIDIA Corp | 28.6M | $12.4B | 2.5% | $9.54 | +354.66% | 20 qtrssince 2018-Q4 | Decreased 0 |
Facebook Inc | 30.4M | $9.1B | 1.9% | $151.96 | +95.69% | 20 qtrssince 2018-Q4 | Decreased 0 |
Tesla Inc | 28.9M | $7.2B | 1.5% | $97.96 | +155.44% | 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% | $259.89 | +82.18% | 20 qtrssince 2018-Q4 | Decreased 0 |
JPMorgan Chase & Co | 34.7M | $5B | 1.0% | $92.21 | +47.23% | 20 qtrssince 2018-Q4 | Decreased 0 |
UBS Group AG | 177.4M | $4.4B | 0.9% | $12.92 | +75.57% | 20 qtrssince 2018-Q4 | Increased 47 |
Mastercard Inc | 10.1M | $4B | 0.8% | $209.79 | +85.38% | 20 qtrssince 2018-Q4 | Increased 45 |
Berkshire Hathaway Inc | 10.9M | $3.8B | 0.8% | $258.22 | +35.66% | 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 | 16M | $3.7B | 0.7% | $148.61 | +51.29% | 20 qtrssince 2018-Q4 | Increased 46 |
Johnson & Johnson | 23.6M | $3.7B | 0.7% | $111.29 | +28.52% | 20 qtrssince 2018-Q4 | Decreased 0 |
Broadcom Inc | 4.4M | $3.6B | 0.7% | $30.52 | +163.44% | 20 qtrssince 2018-Q4 | Decreased 0 |
Home Depot Inc/The | 11.9M | $3.6B | 0.7% | $164.01 | +70.58% | 20 qtrssince 2018-Q4 | Increased 45 |
Alphabet Inc | 27.3M | $3.6B | 0.7% | $109.32 | +19.48% | 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 Score: 3/5.0.
Active quarter - 67 new positions, 108 exits, 883 increased. Top move: AMZN (INCREASED, conviction 55). Portfolio: $492.8B across 1966 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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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
Verify source filings on SEC EDGAR