Norges Bank
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Norges Bank reported 1,882 stock positions worth $633.5 billion. Its top holding was Microsoft (MSFT) at 6.2% of the portfolio, followed by Apple (AAPL, 4.5%) and Nvidia (NVDA, 4.1%). Compared with Q4 2023, it opened 54 new positions, sold out of 113, added to 972 and reduced 737. The biggest buy was Eli Lilly (LLY, shares +4%) and the biggest sale Apple (AAPL, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- OSLO, Q8
- CIK
- 0001374170
- Portfolio Value
- $633.5B (Q1 2024)
- SEC Filing
- 0001374170-24-000034 ↗ filed May 14, 2024
Holdings Value
Holdings 1,882 stocks · $633.5B
| MSFT Microsoft Corp. | 6.25% | 94,082,543 | $39.6B | Reduce -1.5% |
| AAPL Apple Inc. | 4.48% | 165,518,741 | $28.4B | Reduce -6.0% |
| NVDA Nvidia Corp. | 4.13% | 28,951,284 | $26.2B | Reduce -1.8% |
| AMZN Amazon.com Inc. | 3.20% | 112,360,870 | $20.3B | Reduce -3.5% |
| META Meta Platforms Inc. Class A | 2.36% | 30,788,053 | $15.0B | Reduce -3.4% |
| GOOGL Alphabet Inc. Class A | 2.23% | 93,710,521 | $14.1B | Reduce -15.2% |
| LLY Eli Lilly & Co. | 1.32% | 10,716,019 | $8.3B | Add +4.2% |
| JPM JPMorgan Chase & Co. | 1.16% | 36,740,801 | $7.4B | Add +3.9% |
| AVGO Broadcom Inc. | 1.14% | 5,426,183 | $7.2B | Reduce -2.7% |
| XOM Exxon Mobil Corp. | 1.04% | 56,719,694 | $6.6B | Add +2.7% |
| UNH Unitedhealth Group Inc. | 0.94% | 11,991,964 | $5.9B | Add +8.8% |
| GOOG Alphabet Inc. Class C | 0.90% | 37,370,582 | $5.7B | Add +28.4% |
| TSLA Tesla Inc. | 0.88% | 31,827,068 | $5.6B | Add +0.8% |
| MA Mastercard Inc. Class A | 0.85% | 11,158,339 | $5.4B | Add +3.6% |
| UBS UBS Group AG-Reg | 0.81% | 166,027,298 | $5.1B | Add +3.0% |
| PG The Procter & Gamble Co. | 0.75% | 29,229,606 | $4.7B | Add +8.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.72% | 120,765,990 | $4.6B | Add +8.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.72% | 10,852,762 | $4.6B | Reduce -5.5% |
| HD Home Depot Inc. | 0.71% | 11,794,192 | $4.5B | Reduce -5.2% |
| JNJ Johnson & Johnson | 0.71% | 28,488,782 | $4.5B | Add +9.7% |
| WMT Walmart Inc. | 0.66% | 69,618,879 | $4.2B | Reduce -0.4% |
| AMD Advanced Micro Devices | 0.65% | 22,826,986 | $4.1B | Reduce -1.8% |
| V Visa Inc. Class A | 0.65% | 14,703,359 | $4.1B | Reduce -1.7% |
| ABBV Abbvie Inc. | 0.63% | 22,064,769 | $4.0B | Add +5.9% |
| MRK Merck & Co. Inc. | 0.62% | 29,933,953 | $3.9B | Add +5.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.60% | 6,006 | $3.8B | Add +13.6% |
| COST Costco Wholesale Corp. | 0.60% | 5,193,401 | $3.8B | Reduce -5.5% |
| TMO Thermo Fisher Scientific Inc. | 0.54% | 5,930,885 | $3.4B | Add +8.2% |
| LIN Linde PLC | 0.52% | 7,040,773 | $3.3B | Reduce -5.7% |
| CVX Chevron Corp. | 0.49% | 19,656,308 | $3.1B | Add +1.0% |
| QCOM Qualcomm Inc. | 0.49% | 18,257,415 | $3.1B | Add +5.3% |
| KO The Coca-Cola Co. | 0.49% | 50,484,565 | $3.1B | Add +6.0% |
| NFLX Netflix Inc. | 0.49% | 5,076,411 | $3.1B | Reduce -3.4% |
| CRM Salesforce Inc. | 0.48% | 10,156,384 | $3.1B | Reduce -3.3% |
| NEE Nextera Energy Inc. | 0.47% | 46,300,507 | $3.0B | Add +9.8% |
| PEP Pepsico Inc. | 0.46% | 16,708,371 | $2.9B | Add +5.6% |
| WFC Wells Fargo & Co. | 0.45% | 49,191,451 | $2.9B | Reduce -7.7% |
| SPG Simon Property Group Inc. | 0.45% | 18,167,102 | $2.8B | Add +1.2% |
| ADBE Adobe Inc. | 0.43% | 5,404,040 | $2.7B | Reduce -1.6% |
| TMUS T-Mobile US Inc. | 0.41% | 15,756,762 | $2.6B | Reduce -24.3% |
| CMCSA Comcast Corp. Class A | 0.41% | 59,299,483 | $2.6B | Add +2.3% |
| WELL Welltower Inc. | 0.40% | 27,210,055 | $2.5B | Add +0.0% |
| MCD McDonald's Corp. | 0.40% | 8,999,035 | $2.5B | Reduce -0.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.38% | 19,856,751 | $2.4B | Reduce -7.5% |
| CSCO Cisco Systems Inc. | 0.38% | 47,932,873 | $2.4B | Reduce -4.3% |
| DLR Digital Realty Trust Inc. | 0.37% | 16,322,988 | $2.4B | Add +2.6% |
| ABT Abbott Laboratories | 0.36% | 20,177,599 | $2.3B | Add +5.0% |
| VZ Verizon Communications Inc. | 0.35% | 53,402,495 | $2.2B | Add +7.0% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.35% | 35,053,620 | $2.2B | Add +0.0% |
| CAT Caterpillar Inc. | 0.34% | 5,942,737 | $2.2B | Add +5.8% |
| ACN Accenture PLC Class A | 0.34% | 6,273,850 | $2.2B | Add +6.8% |
| PFE Pfizer Inc. | 0.34% | 76,718,558 | $2.1B | Add +3.7% |
| ARE Alexandria Real Estate Equit | 0.33% | 16,457,471 | $2.1B | Add +0.0% |
| INTU Intuit Inc. | 0.33% | 3,174,521 | $2.1B | Reduce -5.6% |
| DHR Danaher Corp. | 0.32% | 8,136,824 | $2.0B | Add +7.4% |
| AMAT Applied Materials Inc. | 0.32% | 9,687,230 | $2.0B | Add +3.6% |
| INTC Intel Corp. | 0.32% | 45,188,194 | $2.0B | Reduce -6.3% |
| UNP Union Pacific Corp. | 0.31% | 8,053,661 | $2.0B | Add +8.0% |
| RY Royal Bank of Canada | 0.31% | 19,280,418 | $1.9B | Add +2.7% |
| BLK BlackRock Finance Inc. | 0.30% | 2,275,013 | $1.9B | Add +1.9% |
| UBER Uber Technologies Inc. | 0.29% | 24,208,868 | $1.9B | Add +5.3% |
| GE General Electric | 0.29% | 10,462,129 | $1.8B | Add +11.9% |
| BKNG Booking Holdings Inc. | 0.29% | 501,220 | $1.8B | Add +2.0% |
| LOW Lowe's Cos Inc. | 0.28% | 7,068,404 | $1.8B | Reduce -4.0% |
| BMY Bristol-Myers Squibb Co. | 0.28% | 32,252,160 | $1.7B | Add +6.0% |
| TXN Texas Instruments Inc. | 0.27% | 9,874,151 | $1.7B | Add +2.0% |
| NOW ServiceNow Inc. | 0.27% | 2,228,785 | $1.7B | Reduce -4.5% |
| ISRG Intuitive Surgical Inc. | 0.27% | 4,239,112 | $1.7B | Add +8.9% |
| MU Micron Technology Inc. | 0.27% | 14,249,129 | $1.7B | Add +58.0% |
| EQIX Equinix Inc. | 0.26% | 1,979,872 | $1.6B | Add +1.3% |
| LRCX Lam Research Corp. | 0.26% | 1,679,562 | $1.6B | Reduce -7.0% |
| AMGN Amgen Inc. | 0.25% | 5,641,524 | $1.6B | Add +4.4% |
| SYK Stryker Corp. | 0.25% | 4,428,075 | $1.6B | Add +5.2% |
| SPGI S&P Global Inc. | 0.25% | 3,720,892 | $1.6B | Reduce -0.8% |
| WDAY Workday Inc. Class A | 0.25% | 5,694,577 | $1.6B | Add +5.4% |
| PGR Progressive Corp. | 0.24% | 7,375,459 | $1.5B | Add +8.9% |
| INVH Invitation Homes Inc. | 0.23% | 40,999,828 | $1.5B | Add +3.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.23% | 3,457,950 | $1.4B | Add +13.7% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.22% | 5,681,741 | $1.4B | Reduce -2.3% |
| CNC Centene Corp. | 0.22% | 17,994,729 | $1.4B | Add +0.8% |
| ELV Elevance Health Inc. | 0.22% | 2,719,804 | $1.4B | Reduce -4.8% |
| TD Toronto-Dominion Bank | 0.22% | 23,037,406 | $1.4B | Add +0.7% |
| AXP American Express Co. | 0.21% | 5,959,833 | $1.4B | Add +0.3% |
| MDT Medtronic PLC | 0.21% | 15,508,545 | $1.4B | Add +3.9% |
| ORCL Oracle Corp. | 0.21% | 10,730,710 | $1.3B | Reduce -6.5% |
| PANW Palo Alto Networks Inc. | 0.21% | 4,736,120 | $1.3B | Reduce -10.7% |
| SHW The Sherwin-Williams Co. | 0.21% | 3,870,957 | $1.3B | Add +2.6% |
| ETN Eaton Corp. PLC | 0.21% | 4,292,113 | $1.3B | Reduce -5.0% |
| DE Deere & Co. | 0.21% | 3,202,386 | $1.3B | Add +2.6% |
| CRH CRH PLC | 0.21% | 15,208,928 | $1.3B | Add +3.7% |
| C Citigroup Inc. | 0.20% | 20,356,891 | $1.3B | Add +20.7% |
| APH Amphenol Corp. Class A | 0.20% | 11,005,829 | $1.3B | Add +1.2% |
| CDNS Cadence Design SYS Inc. | 0.20% | 4,068,550 | $1.3B | Reduce -2.9% |
| GILD Gilead Sciences Inc. | 0.20% | 17,260,000 | $1.3B | Add +7.4% |
| AVB Avalonbay Communities Inc. | 0.20% | 6,796,142 | $1.3B | Add +0.1% |
| MRSH Marsh & McLennan Cos | 0.20% | 6,086,042 | $1.3B | Add +10.0% |
| MS Morgan Stanley | 0.20% | 13,266,855 | $1.2B | Add +29.1% |
| URI United Rentals Inc. | 0.20% | 1,725,685 | $1.2B | Add +1.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.19% | 12,138,385 | $1.2B | Reduce -4.6% |
| ADI Analog Devices Inc. | 0.19% | 6,211,745 | $1.2B | Add +0.7% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $119.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 1,200,000 | $76.5M | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 400,000 | $23.6M | New |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 425,000 | $19.2M | New |
Total filed on the 13F, all lines: $633.6B.
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -6.0% | 4.48% | −1.45 |
| GOOGL Alphabet Inc. Class A | Reduce -15.2% | 2.23% | −0.47 |
| TMUS T-Mobile US Inc. | Reduce -24.3% | 0.41% | −0.18 |
| ADBE Adobe Inc. | Reduce -1.6% | 0.43% | −0.14 |
| INTC Intel Corp. | Reduce -6.3% | 0.32% | −0.11 |
| MCD McDonald's Corp. | Reduce -0.6% | 0.40% | −0.07 |
| SPLK Splunk Inc. | Sold out | 0.00% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -4.3% | 0.38% | −0.06 |
| PANW Palo Alto Networks Inc. | Reduce -10.7% | 0.21% | −0.06 |
| NKE Nike Inc. Class B | Reduce -4.2% | 0.17% | −0.06 |
| PDD PDD Holdings Inc. | Reduce -2.9% | 0.13% | −0.06 |
| MELI MercadoLibre Inc. | Reduce -48.4% | 0.04% | −0.05 |
| WOLF Wolfspeed Inc. | Reduce -72.6% | 0.01% | −0.04 |
| KDP Keurig Dr Pepper Inc. | Reduce -72.7% | 0.01% | −0.04 |
| TEL Te Connectivity Ltd. | Reduce -29.7% | 0.08% | −0.04 |
| INTU Intuit Inc. | Reduce -5.6% | 0.33% | −0.04 |
| SNPS Synopsys Inc. | Reduce -18.8% | 0.18% | −0.04 |
| USB US Bancorp | Reduce -22.8% | 0.10% | −0.04 |
| SBUX Starbucks Corp. | Reduce -5.0% | 0.18% | −0.04 |
| HD Home Depot Inc. | Reduce -5.2% | 0.71% | −0.04 |
| SPGI S&P Global Inc. | Reduce -0.8% | 0.25% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -5.3% | 0.18% | −0.04 |
| ABNB Airbnb Inc. Class A | Reduce -37.1% | 0.07% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -5.5% | 0.60% | −0.03 |
| V Visa Inc. Class A | Reduce -1.7% | 0.65% | −0.03 |
| KVUE Kenvue Inc. | Reduce -62.4% | 0.02% | −0.03 |
| LHX L3HARRIS Technologies Inc. | Reduce -51.8% | 0.03% | −0.03 |
| FTNT Fortinet Inc. | Reduce -87.0% | 0.00% | −0.03 |
| MSFT Microsoft Corp. | Reduce -1.5% | 6.25% | −0.03 |
| IMGN Immunogen Inc. | Sold out | 0.00% | −0.03 |
| BMO Bank of Montreal | Reduce -10.3% | 0.11% | −0.03 |
| STX Seagate Technology Holdings | Reduce -81.4% | 0.01% | −0.03 |
| BX Blackstone Inc. | Reduce -13.4% | 0.10% | −0.03 |
| MBLY Mobileye Global Inc. Class A | Reduce -3.0% | 0.05% | −0.03 |
| APTV Aptiv Irish Holdings Ltd. | Reduce -33.1% | 0.03% | −0.02 |
| LIN Linde PLC | Reduce -5.7% | 0.52% | −0.02 |
| NOW ServiceNow Inc. | Reduce -4.5% | 0.27% | −0.02 |
| LH Laboratory CRP of Amer Hldgs | Reduce -29.4% | 0.03% | −0.02 |
| CME Cme Group Inc. | Reduce -4.3% | 0.15% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.02 |
| GM General Motors Co. | Reduce -27.9% | 0.09% | −0.02 |
| WBD Warner Bros Discovery Inc. | Reduce -33.2% | 0.02% | −0.02 |
| NET Cloudflare Inc. Class A | Reduce -50.5% | 0.02% | −0.02 |
| KRTX Karuna Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| ARRY Array Technologies Inc. | Reduce -97.2% | 0.00% | −0.02 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -65.8% | 0.01% | −0.02 |
| MMM 3M Co. | Reduce -8.3% | 0.07% | −0.02 |
| FICO Fair Isaac Corp. | Reduce -34.7% | 0.03% | −0.02 |
| TYL Tyler Technologies Inc. | Reduce -13.4% | 0.06% | −0.02 |
| X United States Steel Corp. | Reduce -29.9% | 0.02% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| LLY Eli Lilly & Co. | Add +4.2% | 1.32% | +0.27 |
| GOOG Alphabet Inc. Class C | Add +28.4% | 0.90% | +0.18 |
| MU Micron Technology Inc. | Add +58.0% | 0.27% | +0.13 |
| FLUT Flutter Entertainment PLC-Di | New | 0.13% | +0.13 |
| JPM JPMorgan Chase & Co. | Add +3.9% | 1.16% | +0.11 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +13.6% | 0.60% | +0.10 |
| GE General Electric | Add +11.9% | 0.29% | +0.08 |
| MRK Merck & Co. Inc. | Add +5.0% | 0.62% | +0.08 |
| XOM Exxon Mobil Corp. | Add +2.7% | 1.04% | +0.08 |
| BAC Bank of America Corp. | Add +8.9% | 0.72% | +0.07 |
| ABBV Abbvie Inc. | Add +5.9% | 0.63% | +0.07 |
| PG The Procter & Gamble Co. | Add +8.3% | 0.75% | +0.06 |
| PINS Pinterest Inc. Class A | Add +177.1% | 0.10% | +0.06 |
| LYB Lyondellbasell Indu Class A | Add +402.3% | 0.07% | +0.06 |
| CAT Caterpillar Inc. | Add +5.8% | 0.34% | +0.05 |
| PGR Progressive Corp. | Add +8.9% | 0.24% | +0.05 |
| C Citigroup Inc. | Add +20.7% | 0.20% | +0.05 |
| AMAT Applied Materials Inc. | Add +3.6% | 0.32% | +0.05 |
| QCOM Qualcomm Inc. | Add +5.3% | 0.49% | +0.05 |
| COIN Coinbase Global Inc. Class A | Add +69.5% | 0.08% | +0.05 |
| UBER Uber Technologies Inc. | Add +5.3% | 0.29% | +0.05 |
| MA Mastercard Inc. Class A | Add +3.6% | 0.85% | +0.05 |
| SMCI Super Micro Computer Inc. | Add +11.2% | 0.06% | +0.04 |
| CEG Constellation Energy | Add +20.6% | 0.09% | +0.04 |
| GRMN Garmin Ltd. | Add +1008.3% | 0.04% | +0.04 |
| ISRG Intuitive Surgical Inc. | Add +8.9% | 0.27% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +8.2% | 0.54% | +0.04 |
| WDC Western Digital Corp. | Add +92.4% | 0.06% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +312.4% | 0.04% | +0.03 |
| DFS Discover Financial Services | Add +49.0% | 0.09% | +0.03 |
| STLA Stellantis NV | Add +9.6% | 0.18% | +0.03 |
| MS Morgan Stanley | Add +29.1% | 0.20% | +0.03 |
| PCAR Paccar Inc. | Add +20.4% | 0.11% | +0.03 |
| SYK Stryker Corp. | Add +5.2% | 0.25% | +0.03 |
| CRH CRH PLC | Add +3.7% | 0.21% | +0.03 |
| BP BP PLC-Spons ADR | Add +1226.7% | 0.03% | +0.03 |
| GEHC GE Healthcare Technology | Add +57.6% | 0.07% | +0.03 |
| BSX Boston Scientific Corp. | Add +8.8% | 0.19% | +0.03 |
| MSTR Strategy Inc. | Add +29.5% | 0.04% | +0.03 |
| CMG Chipotle Mexican Grill Inc. | Add +3.0% | 0.17% | +0.03 |
| URI United Rentals Inc. | Add +1.2% | 0.20% | +0.03 |
| CPNG Coupang Inc. | Add +59.2% | 0.07% | +0.03 |
| VZ Verizon Communications Inc. | Add +7.0% | 0.35% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +6.4% | 0.14% | +0.02 |
| PCOR Procore Technologies Inc. | Add +181.2% | 0.04% | +0.02 |
| ANSS Ansys Inc. | Add +70.8% | 0.07% | +0.02 |
| VLO Valero Energy Corp. | Add +2.2% | 0.12% | +0.02 |
| ADT Adt Inc. | Add +1359.3% | 0.02% | +0.02 |
| MPC Marathon Petroleum Corp. | Add +0.6% | 0.11% | +0.02 |
| TT Trane Technologies PLC | Add +5.8% | 0.13% | +0.02 |
Notes & Other Activity Q4 2023 → Q1 2024
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | New | 400,000 | $23.6M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | New | 425,000 | $19.2M |
| 0 | 0 | New | 0 | $0 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,615 | $1.00T | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 0 | $0 | |
| Q4 2025 | 1,572 | $934.7B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 0 | $0 | |
| Q2 2025 | 1,705 | $801.1B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025Amended | 1,740 | $712.4B | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q4 2024 | 1,842 | $761.9B | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q3 2024Amended | 1,835 | $715.8B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q2 2024 | 1,927 | $669.2B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q1 2024Amended | 1,882 | $633.5B | MSFT, AAPL, NVDA, AMZN, META |