NORGES BANK
Institutional investor · Portfolio as of Q4 2019
Top Holdings2,074 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
APPLE INC | 46.9M | $13.8B | 3.8% | $37.57 | +88.06% | 5 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 78.1M | $12.3B | 3.4% | $94.68 | +58.04% | 5 qtrssince 2018-Q4 | Increased 59 |
AMAZON.COM INC | 4.4M | $8.1B | 2.3% | $74.24 | +24.38% | 5 qtrssince 2018-Q4 | Increased 55 |
ALPHABET INC-CL A | 5.1M | $6.8B | 1.9% | $53.79 | +23.59% | 5 qtrssince 2018-Q4 | Decreased 0 |
META PLATFORMS INC-CLASS A | 26.5M | $5.4B | 1.5% | $135.40 | +49.91% | 5 qtrssince 2018-Q4 | Decreased 0 |
ALIBABA GROUP HOLDING-SP ADR | 24M | $5.1B | 1.4% | $150.39 | +32.72% | 5 qtrssince 2018-Q4 | Increased 59 |
JOHNSON & JOHNSON | 28.4M | $4.1B | 1.2% | $105.09 | +16.78% | 5 qtrssince 2018-Q4 | Increased 50 |
JPMORGAN CHASE & CO | 28M | $3.9B | 1.1% | $79.25 | +47.59% | 5 qtrssince 2018-Q4 | Decreased 0 |
BANK OF AMERICA CORP | 97.7M | $3.4B | 1.0% | $20.57 | +46.19% | 5 qtrssince 2018-Q4 | Decreased 0 |
PROCTER & GAMBLE CO/THE | 26.7M | $3.3B | 0.9% | $76.44 | +37.65% | 5 qtrssince 2018-Q4 | Increased 45 |
VISA INC-CLASS A SHARES | 17.6M | $3.3B | 0.9% | $125.68 | +42.45% | 5 qtrssince 2018-Q4 | Decreased 0 |
EXXON MOBIL CORP | 43.8M | $3.1B | 0.9% | $49.31 | +5.94% | 5 qtrssince 2018-Q4 | Increased 46 |
INTEL CORP | 49.6M | $3B | 0.8% | $40.75 | +29.05% | 5 qtrssince 2018-Q4 | Increased 45 |
AT&T INC | 74.9M | $2.9B | 0.8% | $13.09 | +45.68% | 5 qtrssince 2018-Q4 | Increased 46 |
| 13.7M | $2.9B | 0.8% | $142.89 | +35.81% | 5 qtrssince 2018-Q4 | Increased 47 | |
UNITEDHEALTH GROUP INC | 9.5M | $2.8B | 0.8% | $219.61 | +21.34% | 5 qtrssince 2018-Q4 | Unchanged 0 |
VERIZON COMMUNICATIONS INC | 45.2M | $2.8B | 0.8% | $37.19 | +14.88% | 5 qtrssince 2018-Q4 | Unchanged 0 |
MASTERCARD INC - A | 9.2M | $2.8B | 0.8% | $180.82 | +58.95% | 5 qtrssince 2018-Q4 | Increased 45 |
WALT DISNEY CO/THE | 17.8M | $2.6B | 0.7% | $104.59 | +34.30% | 5 qtrssince 2018-Q4 | Decreased 0 |
CHEVRON CORP | 21.3M | $2.6B | 0.7% | $79.51 | +13.82% | 5 qtrssince 2018-Q4 | Increased 46 |
NORGES BANK manages $358.4B across 2074 positions as of Q4 2019. Top holdings: AAPL (3.8%), MSFT (3.4%), AMZN (2.3%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 4/5.0.
Active quarter - 59 new positions, 77 exits, 497 increased. Top move: MSFT (INCREASED, conviction 59). Portfolio: $358.4B across 2074 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