NORGES BANK
Institutional investor · Portfolio as of Q4 2025
Top Holdings1,577 positions
NVIDIA Corp. | 333.7M | $62.2B | 6.7% | $33.34 | +458.05% | 28 qtrssince 2018-Q4 | Increased 64 |
Apple Inc. | 192.3M | $52.3B | 5.6% | $87.82 | +208.74% | 28 qtrssince 2018-Q4 | Increased 63 |
Microsoft Corp. | 104.8M | $50.7B | 5.4% | $186.08 | +158.26% | 28 qtrssince 2018-Q4 | Increased 64 |
Amazon.com, Inc. | 142.4M | $32.9B | 3.5% | $118.64 | +94.55% | 28 qtrssince 2018-Q4 | Increased 67 |
Alphabet Inc. | 97.6M | $30.5B | 3.3% | $106.32 | +193.83% | 28 qtrssince 2018-Q4 | Decreased 0 |
Broadcom Inc | 70.1M | $24.3B | 2.6% | $94.83 | +262.97% | 28 qtrssince 2018-Q4 | Increased 57 |
Meta Platforms Inc | 33.6M | $22.2B | 2.4% | $240.07 | +174.26% | 28 qtrssince 2018-Q4 | Increased 59 |
Alphabet Inc. | 57.7M | $18.1B | 1.9% | $239.01 | +31.04% | 28 qtrssince 2018-Q4 | Increased 81 |
Tesla Inc | 38.1M | $17.1B | 1.8% | $169.13 | +165.90% | 28 qtrssince 2018-Q4 | Increased 51 |
Eli Lilly & Co. | 12.1M | $13B | 1.4% | $304.28 | +251.49% | 28 qtrssince 2018-Q4 | Increased 54 |
JPMorgan Chase & Co. | 35.4M | $11.4B | 1.2% | $102.05 | +211.33% | 28 qtrssince 2018-Q4 | Decreased 0 |
BERKSHIRE HATHAWAY INC DEL | 10,308 | $7.8B | 0.8% | $489,845.52 | +54.21% | 28 qtrssince 2018-Q4 | Increased 46 |
EXXON MOBIL CORP | 63.4M | $7.6B | 0.8% | $70.31 | +70.95% | 28 qtrssince 2018-Q4 | Increased 50 |
Johnson & Johnson | 33.5M | $6.9B | 0.7% | $124.06 | +64.18% | 28 qtrssince 2018-Q4 | Increased 47 |
MasterCard Incorporated | 11.7M | $6.7B | 0.7% | $256.18 | +121.76% | 28 qtrssince 2018-Q4 | Decreased 0 |
Walmart Inc | 58M | $6.5B | 0.7% | $47.72 | +131.99% | 24 qtrssince 2019-Q4 | Increased 48 |
Micron Technology Inc. | 22.5M | $6.4B | 0.7% | $142.53 | +100.13% | 28 qtrssince 2018-Q4 | Increased 60 |
Visa Inc | 16.8M | $5.9B | 0.6% | $194.95 | +78.82% | 28 qtrssince 2018-Q4 | Decreased 0 |
AbbVie Inc. | 25.7M | $5.9B | 0.6% | $107.98 | +106.72% | 28 qtrssince 2018-Q4 | Increased 50 |
Netflix, Inc. | 61.9M | $5.8B | 0.6% | $41.26 | +127.24% | 28 qtrssince 2018-Q4 | Increased 73 |
NORGES BANK manages $934.8B across 1577 positions as of Q4 2025. Top holdings: NVDA (6.7%), AAPL (5.6%), MSFT (5.4%). Fund DNA: Balanced Allocator. HoldingsIntel Score: 3/5.0.
Active quarter - 152 new positions, 282 exits, 896 increased. Top move: GOOG (INCREASED, conviction 81). Portfolio: $934.8B across 1577 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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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
Verify source filings on SEC EDGAR