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Norges Bank Top Holdings and 13F Report (2025)

About Norges Bank

Investment Activity

  • Norges Bank has $762.05 billion in total holdings as of December 31, 2024.
  • Norges Bank owns shares of 1,845 different stocks, but just 224 companies or ETFs make up 80% of its holdings.
  • Approximately 100.00% of the portfolio was purchased this quarter.
  • This quarter, Norges Bank has purchased 1 new stock and bought additional shares in 0 stocks.
  • Norges Bank sold shares of 0 stocks and completely divested from 1 stock this quarter.

Largest Holdings

Apple
$46,868,647,768
Microsoft
$44,343,057,756
NVIDIA
$43,515,504,297
Amazon.com
$27,266,582,075
Alphabet
$24,383,676,778

Largest New Holdings this Quarter

Apple
$46,868,647,768 Holding
Microsoft
$44,343,057,756 Holding
NVIDIA
$43,515,504,297 Holding
Amazon.com
$27,266,582,075 Holding
Alphabet
$24,383,676,778 Holding

Largest Purchases this Quarter

Apple
187,160,162 shares (about $46.87B)
Microsoft
105,202,984 shares (about $44.34B)
NVIDIA
324,041,286 shares (about $43.52B)
Amazon.com
124,283,614 shares (about $27.27B)
Alphabet
128,809,703 shares (about $24.38B)

Sector Allocation Over Time

Map of 500 Largest Holdings ofNorges Bank

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
Apple Inc. stock logo
AAPL
Apple
$46,868,647,768$46,868,647,768 New Holding187,160,1626.2%Computer and Technology
Microsoft Co. stock logo
MSFT
Microsoft
$44,343,057,756$44,343,057,756 New Holding105,202,9845.8%Computer and Technology
NVIDIA Co. stock logo
NVDA
NVIDIA
$43,515,504,297$43,515,504,297 New Holding324,041,2865.7%Computer and Technology
Amazon.com, Inc. stock logo
AMZN
Amazon.com
$27,266,582,075$27,266,582,075 New Holding124,283,6143.6%Retail/Wholesale
Alphabet Inc. stock logo
GOOGL
Alphabet
$24,383,676,778$24,383,676,778 New Holding128,809,7033.2%Computer and Technology
Meta Platforms, Inc. stock logo
META
Meta Platforms
$19,949,511,943$19,949,511,943 New Holding34,072,0262.6%Computer and Technology
Broadcom Inc. stock logo
AVGO
Broadcom
$16,893,009,544$16,893,009,544 New Holding72,864,9482.2%Computer and Technology
Tesla, Inc. stock logo
TSLA
Tesla
$14,420,247,644$14,420,247,644 New Holding35,707,8241.9%Auto/Tires/Trucks
Eli Lilly and Company stock logo
LLY
Eli Lilly and Company
$8,407,907,584$8,407,907,584 New Holding10,891,0721.1%Medical
JPMorgan Chase & Co. stock logo
JPM
JPMorgan Chase & Co.
$8,310,884,492$8,310,884,492 New Holding34,670,5791.1%Finance
Exxon Mobil Co. stock logo
XOM
Exxon Mobil
$6,936,736,968$6,936,736,968 New Holding64,485,7950.9%Oils/Energy
Berkshire Hathaway Inc. stock logo
BRK.A
Berkshire Hathaway
$6,571,558,920$6,571,558,920 New Holding9,6510.9%Finance
UnitedHealth Group Incorporated stock logo
UNH
UnitedHealth Group
$6,375,743,598$6,375,743,598 New Holding12,603,7710.8%Medical
Mastercard Incorporated stock logo
MA
Mastercard
$6,022,224,172$6,022,224,172 New Holding11,436,7020.8%Business Services
Walmart Inc. stock logo
WMT
Walmart
$5,737,355,465$5,737,355,465 New Holding63,501,4440.8%Retail/Wholesale
UBS Group AG stock logo
UBS
UBS Group
$5,594,065,995$5,594,065,995 New Holding183,111,3510.7%Finance
The Procter & Gamble Company stock logo
PG
Procter & Gamble
$5,244,462,674$5,244,462,674 New Holding31,282,2110.7%Consumer Staples
Bank of America Co. stock logo
BAC
Bank of America
$5,226,989,234$5,226,989,234 New Holding118,930,3580.7%Finance
Costco Wholesale Co. stock logo
COST
Costco Wholesale
$5,182,315,916$5,182,315,916 New Holding5,655,8830.7%Retail/Wholesale
Visa Inc. stock logo
V
Visa
$5,171,270,868$5,171,270,868 New Holding16,362,7100.7%Business Services
Alphabet Inc. stock logo
GOOG
Alphabet
$5,166,070,260$5,166,070,260 New Holding27,127,0230.7%Computer and Technology
The Home Depot, Inc. stock logo
HD
Home Depot
$5,032,910,161$5,032,910,161 New Holding12,938,4050.7%Retail/Wholesale
Netflix, Inc. stock logo
NFLX
Netflix
$5,019,087,095$5,019,087,095 New Holding5,631,0720.7%Consumer Discretionary
AbbVie Inc. stock logo
ABBV
AbbVie
$4,459,385,054$4,459,385,054 New Holding25,095,0200.6%Medical
Johnson & Johnson stock logo
JNJ
Johnson & Johnson
$4,390,037,285$4,390,037,285 New Holding30,355,6720.6%Medical
Welltower Inc. stock logo
WELL
Welltower
$3,943,892,330$3,943,892,330 New Holding31,293,2820.5%Finance
Digital Realty Trust, Inc. stock logo
DLR
Digital Realty Trust
$3,858,428,066$3,858,428,066 New Holding21,758,4620.5%Finance
Comcast Co. stock logo
CMCSA
Comcast
$3,835,225,603$3,835,225,603 New Holding102,190,9300.5%Consumer Discretionary
Salesforce, Inc. stock logo
CRM
Salesforce
$3,599,866,514$3,599,866,514 New Holding10,767,4050.5%Computer and Technology
NextEra Energy, Inc. stock logo
NEE
NextEra Energy
$3,484,196,944$3,484,196,944 New Holding48,600,8780.5%Utilities
Merck & Co., Inc. stock logo
MRK
Merck & Co., Inc.
$3,479,798,960$3,479,798,960 New Holding34,979,8850.5%Medical
The Coca-Cola Company stock logo
KO
Coca-Cola
$3,402,151,005$3,402,151,005 New Holding54,644,2500.4%Consumer Staples
Wells Fargo & Company stock logo
WFC
Wells Fargo & Company
$3,365,657,699$3,365,657,699 New Holding47,916,5390.4%Finance
Cisco Systems, Inc. stock logo
CSCO
Cisco Systems
$3,297,904,838$3,297,904,838 New Holding55,707,8520.4%Computer and Technology
Thermo Fisher Scientific Inc. stock logo
TMO
Thermo Fisher Scientific
$3,149,753,864$3,149,753,864 New Holding6,054,5410.4%Medical
Berkshire Hathaway Inc. stock logo
BRK.B
Berkshire Hathaway
$3,082,946,751$3,082,946,751 New Holding6,801,4180.4%Finance
Chevron Co. stock logo
CVX
Chevron
$3,017,749,511$3,017,749,511 New Holding20,835,0560.4%Oils/Energy
LINDE PLC
$2,901,853,266$2,901,853,266 New Holding6,931,1230.4%SHS
Advanced Micro Devices, Inc. stock logo
AMD
Advanced Micro Devices
$2,867,192,592$2,867,192,592 New Holding23,737,0030.4%Computer and Technology
PepsiCo, Inc. stock logo
PEP
PepsiCo
$2,729,564,739$2,729,564,739 New Holding17,950,5770.4%Consumer Staples
McDonald's Co. stock logo
MCD
McDonald's
$2,725,189,795$2,725,189,795 New Holding9,400,7720.4%Retail/Wholesale
QUALCOMM Incorporated stock logo
QCOM
QUALCOMM
$2,721,881,713$2,721,881,713 New Holding17,718,2770.4%Computer and Technology
ServiceNow, Inc. stock logo
NOW
ServiceNow
$2,603,360,007$2,603,360,007 New Holding2,455,7220.3%Computer and Technology
Texas Instruments Incorporated stock logo
TXN
Texas Instruments
$2,584,489,707$2,584,489,707 New Holding13,783,2100.3%Computer and Technology
Adobe Inc. stock logo
ADBE
Adobe
$2,553,034,614$2,553,034,614 New Holding5,741,2850.3%Computer and Technology
Equity Residential stock logo
EQR
Equity Residential
$2,493,426,278$2,493,426,278 New Holding34,746,7430.3%Finance
Royal Bank of Canada stock logo
RY
Royal Bank of Canada
$2,425,519,374$2,425,519,374 New Holding20,142,2350.3%Finance
The Walt Disney Company stock logo
DIS
Walt Disney
$2,415,427,472$2,415,427,472 New Holding21,692,2090.3%Consumer Discretionary
Intuitive Surgical, Inc. stock logo
ISRG
Intuitive Surgical
$2,401,492,549$2,401,492,549 New Holding4,600,9130.3%Medical
General Electric stock logo
GE
General Electric
$2,375,439,359$2,375,439,359 New Holding14,242,0970.3%Transportation
Abbott Laboratories stock logo
ABT
Abbott Laboratories
$2,373,460,538$2,373,460,538 New Holding20,983,6490.3%Medical
BLACKROCK INC
$2,356,356,800$2,356,356,800 New Holding2,298,6380.3%COM
Accenture plc stock logo
ACN
Accenture
$2,351,683,082$2,351,683,082 New Holding6,684,9060.3%Computer and Technology
Pfizer Inc. stock logo
PFE
Pfizer
$2,328,985,979$2,328,985,979 New Holding87,786,8820.3%Medical
Verizon Communications Inc. stock logo
VZ
Verizon Communications
$2,300,846,245$2,300,846,245 New Holding57,535,5400.3%Computer and Technology
Intuit Inc. stock logo
INTU
Intuit
$2,290,418,667$2,290,418,667 New Holding3,644,2620.3%Computer and Technology
Oracle Co. stock logo
ORCL
Oracle
$2,216,313,500$2,216,313,500 New Holding13,300,0090.3%Computer and Technology
Caterpillar Inc. stock logo
CAT
Caterpillar
$2,184,363,693$2,184,363,693 New Holding6,021,5120.3%Industrial Products
Danaher Co. stock logo
DHR
Danaher
$2,130,740,488$2,130,740,488 New Holding9,282,2500.3%Medical
Simon Property Group, Inc. stock logo
SPG
Simon Property Group
$2,059,505,370$2,059,505,370 New Holding11,959,2670.3%Finance
Bristol-Myers Squibb stock logo
BMY
Bristol-Myers Squibb
$1,989,525,036$1,989,525,036 New Holding35,175,4780.3%Medical
Booking Holdings Inc. stock logo
BKNG
Booking
$1,958,352,427$1,958,352,427 New Holding394,1600.3%Retail/Wholesale
Citigroup Inc. stock logo
C
Citigroup
$1,935,598,650$1,935,598,650 New Holding27,498,2050.3%Finance
Union Pacific Co. stock logo
UNP
Union Pacific
$1,927,376,521$1,927,376,521 New Holding8,451,9230.3%Transportation
Morgan Stanley stock logo
MS
Morgan Stanley
$1,910,199,863$1,910,199,863 New Holding15,194,0810.3%Finance
AT&T Inc. stock logo
T
AT&T
$1,858,417,678$1,858,417,678 New Holding81,616,9380.2%Computer and Technology
The Progressive Co. stock logo
PGR
Progressive
$1,843,044,897$1,843,044,897 New Holding7,691,8530.2%Finance
Lowe's Companies, Inc. stock logo
LOW
Lowe's Companies
$1,842,954,320$1,842,954,320 New Holding7,467,4000.2%Retail/Wholesale
T-Mobile US, Inc. stock logo
TMUS
T-Mobile US
$1,802,393,109$1,802,393,109 New Holding8,165,6010.2%Computer and Technology
Gilead Sciences, Inc. stock logo
GILD
Gilead Sciences
$1,789,254,009$1,789,254,009 New Holding19,370,5100.2%Medical
American Express stock logo
AXP
American Express
$1,785,867,344$1,785,867,344 New Holding6,017,2760.2%Finance
Boston Scientific Co. stock logo
BSX
Boston Scientific
$1,762,522,352$1,762,522,352 New Holding19,732,6730.2%Medical
Analog Devices, Inc. stock logo
ADI
Analog Devices
$1,755,957,892$1,755,957,892 New Holding8,264,8870.2%Computer and Technology
RTX Co. stock logo
RTX
RTX
$1,745,644,300$1,745,644,300 New Holding15,085,0700.2%Aerospace
S&P Global Inc. stock logo
SPGI
S&P Global
$1,725,083,784$1,725,083,784 New Holding3,463,8150.2%Business Services
Stryker Co. stock logo
SYK
Stryker
$1,710,744,090$1,710,744,090 New Holding4,751,4070.2%Medical
The TJX Companies, Inc. stock logo
TJX
TJX Companies
$1,670,564,546$1,670,564,546 New Holding13,828,0320.2%Retail/Wholesale
LAM RESEARCH CORP
$1,661,672,097$1,661,672,097 New Holding23,005,2900.2%COM NEW
Invitation Homes Inc. stock logo
INVH
Invitation Homes
$1,646,794,298$1,646,794,298 New Holding51,510,6130.2%Finance
Alexandria Real Estate Equities, Inc. stock logo
ARE
Alexandria Real Estate Equities
$1,605,426,296$1,605,426,296 New Holding16,457,4710.2%Finance
The Goldman Sachs Group, Inc. stock logo
GS
The Goldman Sachs Group
$1,603,315,386$1,603,315,386 New Holding2,799,9640.2%Finance
Applied Materials, Inc. stock logo
AMAT
Applied Materials
$1,588,422,009$1,588,422,009 New Holding9,767,0910.2%Computer and Technology
Shopify Inc. stock logo
SHOP
Shopify
$1,542,261,576$1,542,261,576 New Holding14,504,8560.2%Computer and Technology
Amgen Inc. stock logo
AMGN
Amgen
$1,541,990,809$1,541,990,809 New Holding5,916,1710.2%Medical
Centene Co. stock logo
CNC
Centene
$1,536,167,285$1,536,167,285 New Holding25,357,6640.2%Medical
Sempra stock logo
SRE
Sempra
$1,535,000,262$1,535,000,262 New Holding17,498,8630.2%Utilities
AvalonBay Communities, Inc. stock logo
AVB
AvalonBay Communities
$1,499,050,236$1,499,050,236 New Holding6,814,7940.2%Finance
Eaton Co. plc stock logo
ETN
Eaton
$1,495,581,779$1,495,581,779 New Holding4,506,5290.2%Industrial Products
Sea Limited stock logo
SE
SEA
$1,493,682,272$1,493,682,272 New Holding14,078,0610.2%Computer and Technology
Micron Technology, Inc. stock logo
MU
Micron Technology
$1,470,875,261$1,470,875,261 New Holding17,477,1300.2%Computer and Technology
Uber Technologies, Inc. stock logo
UBER
Uber Technologies
$1,467,754,074$1,467,754,074 New Holding24,332,7930.2%Computer and Technology
KKR & Co. Inc. stock logo
KKR
KKR & Co. Inc.
$1,435,313,907$1,435,313,907 New Holding9,703,9680.2%Finance
Arthur J. Gallagher & Co. stock logo
AJG
Arthur J. Gallagher & Co.
$1,421,591,195$1,421,591,195 New Holding5,008,2480.2%Finance
Fiserv, Inc. stock logo
FI
Fiserv
$1,406,452,401$1,406,452,401 New Holding6,846,7160.2%Business Services
ARISTA NETWORKS INC
$1,397,833,340$1,397,833,340 New Holding12,646,6420.2%COM SHS
CRH PLC
$1,391,245,246$1,391,245,246 New Holding15,035,7930.2%ORD
Amphenol Co. stock logo
APH
Amphenol
$1,378,793,836$1,378,793,836 New Holding19,853,0430.2%Computer and Technology
Vertex Pharmaceuticals Incorporated stock logo
VRTX
Vertex Pharmaceuticals
$1,374,948,275$1,374,948,275 New Holding3,414,3240.2%Medical
PALANTIR TECHNOLOGIES INC
$1,360,190,878$1,360,190,878 New Holding17,984,8060.2%CL A
The Sherwin-Williams Company stock logo
SHW
Sherwin-Williams
$1,359,746,515$1,359,746,515 New Holding4,000,0780.2%Basic Materials

Showing largest 100 holdings. View all holdings.
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