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Norges Bank Top Holdings and 13F Report (2025)

About Norges Bank

Investment Activity

  • Norges Bank has $801.15 billion in total holdings as of June 30, 2025.
  • Norges Bank owns shares of 1,707 different stocks, but just 217 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

NVIDIA
$51,386,863,187
Microsoft
$50,493,677,828
Apple
$38,942,254,919
Amazon.com
$27,438,011,228
Meta Platforms
$23,155,392,694

Largest New Holdings this Quarter

67066G104 - NVIDIA
$51,386,863,187 Holding
594918104 - Microsoft
$50,493,677,828 Holding
037833100 - Apple
$38,942,254,919 Holding
023135106 - Amazon.com
$27,438,011,228 Holding
30303M102 - Meta Platforms
$23,155,392,694 Holding

Largest Purchases this Quarter

NVIDIA
325,253,897 shares (about $51.39B)
Microsoft
101,513,194 shares (about $50.49B)
Apple
189,804,820 shares (about $38.94B)
Amazon.com
125,065,004 shares (about $27.44B)
Meta Platforms
31,372,045 shares (about $23.16B)

Sector Allocation Over Time

Map of 500 Largest Holdings ofNorges Bank

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
NVIDIA Corporation stock logo
NVDA
NVIDIA
$51,386,863,187$51,386,863,187 New Holding325,253,8976.4%Computer and Technology
Microsoft Corporation stock logo
MSFT
Microsoft
$50,493,677,828$50,493,677,828 New Holding101,513,1946.3%Computer and Technology
Apple Inc. stock logo
AAPL
Apple
$38,942,254,919$38,942,254,919 New Holding189,804,8204.9%Computer and Technology
Amazon.com, Inc. stock logo
AMZN
Amazon.com
$27,438,011,228$27,438,011,228 New Holding125,065,0043.4%Retail/Wholesale
Meta Platforms, Inc. stock logo
META
Meta Platforms
$23,155,392,694$23,155,392,694 New Holding31,372,0452.9%Computer and Technology
Alphabet Inc. stock logo
GOOGL
Alphabet
$21,944,208,239$21,944,208,239 New Holding124,520,2762.7%Computer and Technology
Broadcom Inc. stock logo
AVGO
Broadcom
$18,579,549,018$18,579,549,018 New Holding67,402,6812.3%Computer and Technology
Tesla, Inc. stock logo
TSLA
Tesla
$11,839,824,155$11,839,824,155 New Holding37,272,0021.5%Auto/Tires/Trucks
JPMorgan Chase & Co. stock logo
JPM
JPMorgan Chase & Co.
$10,295,208,833$10,295,208,833 New Holding35,511,7411.3%Finance
Eli Lilly and Company stock logo
LLY
Eli Lilly and Company
$8,827,714,209$8,827,714,209 New Holding11,324,4061.1%Medical
Netflix, Inc. stock logo
NFLX
Netflix
$7,929,644,904$7,929,644,904 New Holding5,921,4901.0%Consumer Discretionary
Berkshire Hathaway Inc. stock logo
BRK.A
Berkshire Hathaway
$7,322,982,400$7,322,982,400 New Holding10,0480.9%Finance
Visa Inc. stock logo
V
Visa
$7,034,939,042$7,034,939,042 New Holding19,813,9390.9%Business Services
Mastercard Incorporated stock logo
MA
Mastercard
$6,725,317,026$6,725,317,026 New Holding11,968,0340.8%Business Services
Exxon Mobil Corporation stock logo
XOM
Exxon Mobil
$6,163,719,192$6,163,719,192 New Holding57,177,3580.8%Energy
Costco Wholesale Corporation stock logo
COST
Costco Wholesale
$5,692,035,217$5,692,035,217 New Holding5,749,8790.7%Retail/Wholesale
Walmart Inc. stock logo
WMT
Walmart
$5,367,769,503$5,367,769,503 New Holding54,896,3950.7%Retail/Wholesale
Procter & Gamble Company (The) stock logo
PG
Procter & Gamble
$5,099,644,406$5,099,644,406 New Holding32,008,8150.6%Consumer Staples
Bank of America Corporation stock logo
BAC
Bank of America
$5,091,640,754$5,091,640,754 New Holding107,600,1850.6%Finance
Welltower Inc. stock logo
WELL
Welltower
$4,903,554,096$4,903,554,096 New Holding31,897,1840.6%Finance
The Home Depot, Inc. stock logo
HD
Home Depot
$4,885,603,391$4,885,603,391 New Holding13,325,3420.6%Retail/Wholesale
UBS Group AG stock logo
UBS
UBS Group
$4,878,061,355$4,878,061,355 New Holding144,091,3920.6%Finance
Johnson & Johnson stock logo
JNJ
Johnson & Johnson
$4,877,173,691$4,877,173,691 New Holding31,929,1240.6%Medical
Alphabet Inc. stock logo
GOOG
Alphabet
$4,298,572,132$4,298,572,132 New Holding24,232,3250.5%Computer and Technology
AbbVie Inc. stock logo
ABBV
AbbVie
$4,288,200,108$4,288,200,108 New Holding23,102,0370.5%Medical
Oracle Corporation stock logo
ORCL
Oracle
$4,275,377,644$4,275,377,644 New Holding19,555,3110.5%Computer and Technology
Wells Fargo & Company stock logo
WFC
Wells Fargo & Company
$3,990,551,101$3,990,551,101 New Holding49,807,1780.5%Finance
CocaCola Company (The) stock logo
KO
CocaCola
$3,846,270,192$3,846,270,192 New Holding54,364,2430.5%Consumer Staples
UnitedHealth Group Incorporated stock logo
UNH
UnitedHealth Group
$3,837,206,978$3,837,206,978 New Holding12,299,9230.5%Medical
Cisco Systems, Inc. stock logo
CSCO
Cisco Systems
$3,816,824,558$3,816,824,558 New Holding55,013,3260.5%Computer and Technology
Digital Realty Trust, Inc. stock logo
DLR
Digital Realty Trust
$3,808,270,404$3,808,270,404 New Holding21,845,1810.5%Finance
Berkshire Hathaway Inc. stock logo
BRK.B
Berkshire Hathaway
$3,584,571,639$3,584,571,639 New Holding7,379,1540.4%Finance
Comcast Corporation stock logo
CMCSA
Comcast
$3,528,361,296$3,528,361,296 New Holding98,861,3420.4%Consumer Discretionary
GE Aerospace stock logo
GE
GE Aerospace
$3,408,827,602$3,408,827,602 New Holding13,243,8230.4%Aerospace
PALANTIR TECHNOLOGIES INC
$3,307,457,320$3,307,457,320 New Holding24,262,4510.4%CL A
Intuit Inc. stock logo
INTU
Intuit
$3,268,829,902$3,268,829,902 New Holding4,150,2100.4%Computer and Technology
LINDE PLC
$3,098,771,564$3,098,771,564 New Holding6,604,6540.4%SHS
Advanced Micro Devices, Inc. stock logo
AMD
Advanced Micro Devices
$3,094,662,476$3,094,662,476 New Holding21,808,7560.4%Computer and Technology
Abbott Laboratories stock logo
ABT
Abbott Laboratories
$3,026,180,201$3,026,180,201 New Holding22,249,6890.4%Medical
Merck & Co., Inc. stock logo
MRK
Merck & Co., Inc.
$2,858,569,637$2,858,569,637 New Holding36,111,2890.4%Medical
Texas Instruments Incorporated stock logo
TXN
Texas Instruments
$2,836,310,315$2,836,310,315 New Holding13,661,0650.4%Computer and Technology
Salesforce Inc. stock logo
CRM
Salesforce
$2,826,049,266$2,826,049,266 New Holding10,363,5970.4%Computer and Technology
McDonald's Corporation stock logo
MCD
McDonald's
$2,780,711,613$2,780,711,613 New Holding9,517,4440.3%Retail/Wholesale
Chevron Corporation stock logo
CVX
Chevron
$2,721,476,872$2,721,476,872 New Holding19,006,0540.3%Energy
QUALCOMM Incorporated stock logo
QCOM
QUALCOMM
$2,713,602,792$2,713,602,792 New Holding17,038,8220.3%Computer and Technology
BLACKROCK INC
$2,644,007,174$2,644,007,174 New Holding2,519,9020.3%COM
The Walt Disney Company stock logo
DIS
Walt Disney
$2,618,295,056$2,618,295,056 New Holding21,113,5800.3%Consumer Discretionary
Royal Bank Of Canada stock logo
RY
Royal Bank Of Canada
$2,599,262,164$2,599,262,164 New Holding19,709,7420.3%Finance
ServiceNow, Inc. stock logo
NOW
ServiceNow
$2,589,234,901$2,589,234,901 New Holding2,518,5150.3%Computer and Technology
Intuitive Surgical, Inc. stock logo
ISRG
Intuitive Surgical
$2,569,260,413$2,569,260,413 New Holding4,728,0330.3%Medical
Verizon Communications Inc. stock logo
VZ
Verizon Communications
$2,504,150,301$2,504,150,301 New Holding57,872,6670.3%Computer and Technology
Citigroup Inc. stock logo
C
Citigroup
$2,455,929,482$2,455,929,482 New Holding28,852,5550.3%Financial Services
NextEra Energy, Inc. stock logo
NEE
NextEra Energy
$2,375,545,458$2,375,545,458 New Holding34,219,9000.3%Utilities
RTX Corporation stock logo
RTX
RTX
$2,359,602,013$2,359,602,013 New Holding16,159,4440.3%Aerospace
Equity Residential stock logo
EQR
Equity Residential
$2,351,688,645$2,351,688,645 New Holding34,844,9940.3%Finance
Uber Technologies, Inc. stock logo
UBER
Uber Technologies
$2,348,319,482$2,348,319,482 New Holding25,169,5550.3%Computer and Technology
PepsiCo, Inc. stock logo
PEP
PepsiCo
$2,330,593,543$2,330,593,543 New Holding17,650,6630.3%Consumer Staples
Pfizer Inc. stock logo
PFE
Pfizer
$2,270,156,913$2,270,156,913 New Holding93,653,3380.3%Medical
Thermo Fisher Scientific Inc. stock logo
TMO
Thermo Fisher Scientific
$2,264,614,522$2,264,614,522 New Holding5,585,2970.3%Medical
Morgan Stanley stock logo
MS
Morgan Stanley
$2,234,882,929$2,234,882,929 New Holding15,865,9870.3%Finance
AT&T Inc. stock logo
T
AT&T
$2,228,655,219$2,228,655,219 New Holding77,009,5100.3%Computer and Technology
Accenture PLC stock logo
ACN
Accenture
$2,216,850,093$2,216,850,093 New Holding7,416,9430.3%Computer and Technology
Booking Holdings Inc. stock logo
BKNG
Booking
$2,210,916,545$2,210,916,545 New Holding381,9010.3%Retail/Wholesale
S&P Global Inc. stock logo
SPGI
S&P Global
$2,188,944,777$2,188,944,777 New Holding4,151,3110.3%Finance
Caterpillar Inc. stock logo
CAT
Caterpillar
$2,165,898,515$2,165,898,515 New Holding5,579,1930.3%Industrials
The Progressive Corporation stock logo
PGR
Progressive
$2,156,938,648$2,156,938,648 New Holding8,082,6600.3%Finance
Gilead Sciences, Inc. stock logo
GILD
Gilead Sciences
$2,150,268,437$2,150,268,437 New Holding19,394,5020.3%Medical
The Goldman Sachs Group, Inc. stock logo
GS
The Goldman Sachs Group
$2,138,030,651$2,138,030,651 New Holding3,020,8840.3%Finance
Amphenol Corporation stock logo
APH
Amphenol
$2,104,243,803$2,104,243,803 New Holding21,308,7980.3%Computer and Technology
Boston Scientific Corporation stock logo
BSX
Boston Scientific
$2,089,936,734$2,089,936,734 New Holding19,457,5620.3%Medical
Adobe Inc. stock logo
ADBE
Adobe
$2,029,950,462$2,029,950,462 New Holding5,246,9770.3%Computer and Technology
International Business Machines Corporation stock logo
IBM
International Business Machines
$2,011,122,401$2,011,122,401 New Holding6,822,4520.3%Computer and Technology
Micron Technology, Inc. stock logo
MU
Micron Technology
$1,980,700,218$1,980,700,218 New Holding16,070,5900.2%Computer and Technology
Danaher Corporation stock logo
DHR
Danaher
$1,979,502,906$1,979,502,906 New Holding10,020,7700.2%Medical
American Express Company stock logo
AXP
American Express
$1,897,334,826$1,897,334,826 New Holding5,948,1310.2%Finance
LAM RESEARCH CORP
$1,894,584,683$1,894,584,683 New Holding19,463,5780.2%COM NEW
The Charles Schwab Corporation stock logo
SCHW
Charles Schwab
$1,889,858,408$1,889,858,408 New Holding20,713,0470.2%Finance
Stryker Corporation stock logo
SYK
Stryker
$1,882,173,327$1,882,173,327 New Holding4,757,4080.2%Medical
Union Pacific Corporation stock logo
UNP
Union Pacific
$1,856,339,969$1,856,339,969 New Holding8,068,2370.2%Transportation
GE VERNOVA INC
$1,809,219,940$1,809,219,940 New Holding3,419,1060.2%COM
The TJX Companies, Inc. stock logo
TJX
TJX Companies
$1,808,773,960$1,808,773,960 New Holding14,647,1290.2%Retail/Wholesale
Analog Devices, Inc. stock logo
ADI
Analog Devices
$1,803,377,334$1,803,377,334 New Holding7,576,5790.2%Computer and Technology
Shopify Inc. stock logo
SHOP
Shopify
$1,794,952,249$1,794,952,249 New Holding15,559,8870.2%Computer and Technology
Lowe's Companies, Inc. stock logo
LOW
Lowe's Companies
$1,773,624,343$1,773,624,343 New Holding7,993,9800.2%Retail/Wholesale
Capital One Financial Corporation stock logo
COF
Capital One Financial
$1,701,510,867$1,701,510,867 New Holding7,997,3250.2%Finance
Invitation Home stock logo
INVH
Invitation Home
$1,693,991,686$1,693,991,686 New Holding51,646,0880.2%Finance
Eaton Corporation, PLC stock logo
ETN
Eaton
$1,664,893,192$1,664,893,192 New Holding4,663,6970.2%Industrials
Amgen Inc. stock logo
AMGN
Amgen
$1,663,725,556$1,663,725,556 New Holding5,958,6890.2%Medical
Fortinet, Inc. stock logo
FTNT
Fortinet
$1,640,900,207$1,640,900,207 New Holding15,521,1900.2%Computer and Technology
CrowdStrike stock logo
CRWD
CrowdStrike
$1,638,365,215$1,638,365,215 New Holding3,216,8330.2%Computer and Technology
Howmet Aerospace Inc. stock logo
HWM
Howmet Aerospace
$1,633,156,923$1,633,156,923 New Holding8,774,2810.2%Aerospace
Applied Materials, Inc. stock logo
AMAT
Applied Materials
$1,604,001,856$1,604,001,856 New Holding8,761,6860.2%Computer and Technology
KLA Corporation stock logo
KLAC
KLA
$1,598,557,310$1,598,557,310 New Holding1,784,6220.2%Computer and Technology
Vertex Pharmaceuticals Incorporated stock logo
VRTX
Vertex Pharmaceuticals
$1,593,974,491$1,593,974,491 New Holding3,580,3560.2%Medical
Intel Corporation stock logo
INTC
Intel
$1,579,378,058$1,579,378,058 New Holding70,507,9490.2%Computer and Technology
Deere & Company stock logo
DE
Deere & Company
$1,578,243,126$1,578,243,126 New Holding3,103,7840.2%Industrials
CME Group Inc. stock logo
CME
CME Group
$1,571,446,603$1,571,446,603 New Holding5,701,4970.2%Finance
Bristol Myers Squibb Company stock logo
BMY
Bristol Myers Squibb
$1,554,153,884$1,554,153,884 New Holding33,574,2900.2%Medical
Toronto Dominion Bank (The) stock logo
TD
Toronto Dominion Bank
$1,543,638,781$1,543,638,781 New Holding20,973,4830.2%Finance
Intercontinental Exchange Inc. stock logo
ICE
Intercontinental Exchange
$1,542,780,333$1,542,780,333 New Holding8,408,8970.2%Finance

Showing largest 100 holdings. View all holdings.
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