NORGES BANK
Institutional investor · Portfolio as of Q4 2024
Top Holdings1,845 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
APPLE INC | 187.2M | $46.9B | 6.2% | $118.65 | +109.53% | 25 qtrssince 2018-Q4 | Increased 64 |
MICROSOFT CORP | 105.2M | $44.3B | 5.8% | $173.00 | +143.76% | 25 qtrssince 2018-Q4 | Increased 66 |
NVIDIA CORP | 324M | $43.5B | 5.7% | $115.52 | +18.98% | 25 qtrssince 2018-Q4 | Increased 69 |
AMAZON.COM INC | 124.3M | $27.3B | 3.6% | $119.64 | +84.97% | 25 qtrssince 2018-Q4 | Increased 62 |
ALPHABET INC-CL A | 128.8M | $24.4B | 3.2% | $121.93 | +56.23% | 25 qtrssince 2018-Q4 | Increased 67 |
META PLATFORMS INC-CLASS A | 34.1M | $19.9B | 2.6% | $213.23 | +176.40% | 25 qtrssince 2018-Q4 | Increased 62 |
BROADCOM INC | 72.9M | $16.9B | 2.2% | $167.82 | +36.40% | 25 qtrssince 2018-Q4 | Increased 62 |
TESLA INC | 35.7M | $14.4B | 1.9% | $252.65 | +65.21% | 25 qtrssince 2018-Q4 | Increased 58 |
ELI LILLY & CO | 10.9M | $8.4B | 1.1% | $232.48 | +228.03% | 25 qtrssince 2018-Q4 | Increased 52 |
JPMORGAN CHASE & CO | 34.7M | $8.3B | 1.1% | $98.26 | +137.43% | 25 qtrssince 2018-Q4 | Decreased 0 |
EXXON MOBIL CORP | 64.5M | $6.9B | 0.9% | $64.91 | +56.13% | 25 qtrssince 2018-Q4 | Decreased 0 |
BERKSHIRE HATHAWAY INC-CL A | 9,651 | $6.6B | 0.9% | $470,588.75 | +44.10% | 25 qtrssince 2018-Q4 | Increased 49 |
UNITEDHEALTH GROUP INC | 12.6M | $6.4B | 0.8% | $306.78 | +61.55% | 25 qtrssince 2018-Q4 | Increased 48 |
MASTERCARD INC - A | 11.4M | $6B | 0.8% | $240.92 | +116.57% | 25 qtrssince 2018-Q4 | Decreased 0 |
WALMART INC | 63.5M | $5.7B | 0.8% | $53.62 | +67.31% | 21 qtrssince 2019-Q4 | Increased 45 |
UBS GROUP AG- REG | 183.1M | $5.6B | 0.7% | $15.05 | +96.89% | 25 qtrssince 2018-Q4 | Increased 47 |
PROCTER & GAMBLE CO/THE | 31.3M | $5.2B | 0.7% | $95.25 | +67.74% | 25 qtrssince 2018-Q4 | Increased 46 |
BANK OF AMERICA CORP | 118.9M | $5.2B | 0.7% | $26.89 | +58.05% | 25 qtrssince 2018-Q4 | Decreased 0 |
COSTCO WHOLESALE CORP | 5.7M | $5.2B | 0.7% | $319.24 | +184.27% | 25 qtrssince 2018-Q4 | Increased 46 |
VISA INC-CLASS A SHARES | 16.4M | $5.2B | 0.7% | $162.63 | +91.81% | 25 qtrssince 2018-Q4 | Decreased 0 |
NORGES BANK manages $762.1B across 1845 positions as of Q4 2024. Top holdings: AAPL (6.2%), MSFT (5.8%), NVDA (5.7%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 4/5.0.
Active quarter - 103 new positions, 98 exits, 915 increased. Top move: NVDA (INCREASED, conviction 69). Portfolio: $762.1B across 1845 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