Norges Bank
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Norges Bank reported 1,835 stock positions worth $715.8 billion. Its top holding was Microsoft (MSFT) at 6.0% of the portfolio, followed by Apple (AAPL, 5.9%) and Nvidia (NVDA, 5.0%). Compared with Q2 2024, it opened 64 new positions, sold out of 157, added to 723 and reduced 864. The biggest buy was Apple (AAPL, shares +2%) and the biggest sale Amazon.com (AMZN, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- OSLO, Q8
- CIK
- 0001374170
- Portfolio Value
- $715.8B (Q3 2024)
- SEC Filing
- 0001374170-24-000071 ↗ filed Nov 13, 2024
Holdings Value
Holdings 1,835 stocks · $715.8B
| MSFT Microsoft Corp. | 5.95% | 98,984,893 | $42.6B | Add +2.0% |
| AAPL Apple Inc. | 5.89% | 180,983,675 | $42.2B | Add +1.9% |
| NVDA Nvidia Corp. | 4.97% | 293,063,699 | $35.6B | Add +0.5% |
| AMZN Amazon.com Inc. | 3.08% | 118,489,601 | $22.1B | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 2.61% | 112,493,453 | $18.7B | Add +4.7% |
| META Meta Platforms Inc. Class A | 2.40% | 30,028,650 | $17.2B | Reduce -1.4% |
| AVGO Broadcom Inc. | 1.54% | 64,051,174 | $11.0B | Add +10.7% |
| LLY Eli Lilly & Co. | 1.30% | 10,487,029 | $9.3B | Reduce -4.7% |
| TSLA Tesla Inc. | 1.13% | 30,875,457 | $8.1B | Add +0.1% |
| XOM Exxon Mobil Corp. | 1.06% | 64,668,522 | $7.6B | Add +0.6% |
| JPM JPMorgan Chase & Co. | 1.06% | 35,827,855 | $7.6B | Reduce -3.3% |
| UNH Unitedhealth Group Inc. | 0.97% | 11,911,363 | $7.0B | Add +1.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.85% | 8,805 | $6.1B | Add +22.5% |
| MA Mastercard Inc. Class A | 0.81% | 11,682,152 | $5.8B | Add +2.5% |
| UBS UBS Group AG-Reg | 0.76% | 176,024,452 | $5.4B | Add +4.6% |
| PG The Procter & Gamble Co. | 0.73% | 30,324,759 | $5.3B | Reduce -0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.72% | 129,976,075 | $5.2B | Add +5.7% |
| WMT Walmart Inc. | 0.71% | 62,831,899 | $5.1B | Reduce -9.5% |
| HD Home Depot Inc. | 0.69% | 12,182,758 | $4.9B | Add +1.3% |
| COST Costco Wholesale Corp. | 0.68% | 5,511,361 | $4.9B | Add +3.7% |
| JNJ Johnson & Johnson | 0.66% | 29,040,172 | $4.7B | Reduce -0.2% |
| V Visa Inc. Class A | 0.64% | 16,620,475 | $4.6B | Add +12.3% |
| ABBV Abbvie Inc. | 0.63% | 22,975,147 | $4.5B | Add +2.2% |
| GOOG Alphabet Inc. Class C | 0.63% | 27,057,330 | $4.5B | Reduce -1.4% |
| WELL Welltower Inc. | 0.56% | 31,495,212 | $4.0B | Reduce -4.3% |
| NEE Nextera Energy Inc. | 0.55% | 46,292,600 | $3.9B | Reduce -5.3% |
| MRK Merck & Co. Inc. | 0.54% | 33,781,024 | $3.8B | Reduce -0.1% |
| KO The Coca-Cola Co. | 0.53% | 52,997,934 | $3.8B | Add +1.9% |
| NFLX Netflix Inc. | 0.53% | 5,363,262 | $3.8B | Add +0.3% |
| AMD Advanced Micro Devices | 0.50% | 21,987,971 | $3.6B | Reduce -2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.50% | 7,750,490 | $3.6B | Reduce -27.4% |
| DLR Digital Realty Trust Inc. | 0.49% | 21,737,729 | $3.5B | Add +17.8% |
| TMO Thermo Fisher Scientific Inc. | 0.48% | 5,591,966 | $3.5B | Add +0.4% |
| CMCSA Comcast Corp. Class A | 0.48% | 81,975,421 | $3.4B | Add +33.8% |
| LIN Linde PLC | 0.47% | 7,004,421 | $3.3B | Reduce -2.9% |
| CVX Chevron Corp. | 0.42% | 20,537,407 | $3.0B | Add +1.0% |
| QCOM Qualcomm Inc. | 0.42% | 17,752,820 | $3.0B | Reduce -2.8% |
| MCD McDonald's Corp. | 0.41% | 9,628,033 | $2.9B | Add +5.3% |
| PEP Pepsico Inc. | 0.41% | 17,063,602 | $2.9B | Reduce -2.4% |
| CRM Salesforce Inc. | 0.39% | 10,235,122 | $2.8B | Add +0.0% |
| CSCO Cisco Systems Inc. | 0.39% | 52,276,836 | $2.8B | Add +2.6% |
| ADBE Adobe Inc. | 0.39% | 5,364,949 | $2.8B | Reduce -0.2% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.36% | 34,898,981 | $2.6B | Reduce -0.6% |
| PFE Pfizer Inc. | 0.36% | 88,354,411 | $2.6B | Add +5.2% |
| RY Royal Bank of Canada | 0.35% | 20,168,870 | $2.5B | Add +1.3% |
| VZ Verizon Communications Inc. | 0.35% | 55,729,075 | $2.5B | Add +0.5% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 13,248,811 | $2.5B | Add +4.7% |
| DHR Danaher Corp. | 0.35% | 8,949,188 | $2.5B | Reduce -2.4% |
| WFC Wells Fargo & Co. | 0.35% | 43,932,558 | $2.5B | Reduce -2.5% |
| CAT Caterpillar Inc. | 0.33% | 6,118,855 | $2.4B | Add +3.4% |
| ABT Abbott Laboratories | 0.32% | 20,283,690 | $2.3B | Reduce -0.4% |
| ISRG Intuitive Surgical Inc. | 0.31% | 4,514,606 | $2.2B | Add +2.3% |
| TMUS T-Mobile US Inc. | 0.31% | 10,673,681 | $2.2B | Reduce -29.5% |
| BLK BlackRock Finance Inc. | 0.30% | 2,258,350 | $2.1B | Reduce -6.9% |
| TXN Texas Instruments Inc. | 0.29% | 10,126,429 | $2.1B | Add +5.2% |
| SPG Simon Property Group Inc. | 0.29% | 12,323,948 | $2.1B | Reduce -29.4% |
| NOW ServiceNow Inc. | 0.29% | 2,312,914 | $2.1B | Add +0.5% |
| INTU Intuit Inc. | 0.29% | 3,292,637 | $2.0B | Add +5.9% |
| ACN Accenture PLC Class A | 0.28% | 5,763,577 | $2.0B | Add +1.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 20,605,492 | $2.0B | Reduce -4.3% |
| UNP Union Pacific Corp. | 0.27% | 7,974,911 | $2.0B | Reduce -2.1% |
| ORCL Oracle Corp. | 0.27% | 11,527,814 | $2.0B | Add +3.8% |
| ARE Alexandria Real Estate Equit | 0.27% | 16,457,471 | $2.0B | No change |
| AMAT Applied Materials Inc. | 0.27% | 9,601,472 | $1.9B | Reduce -10.5% |
| LOW Lowe's Cos Inc. | 0.27% | 7,155,365 | $1.9B | Reduce -0.3% |
| PGR Progressive Corp. | 0.27% | 7,528,960 | $1.9B | Reduce -0.3% |
| AMGN Amgen Inc. | 0.26% | 5,802,563 | $1.9B | Reduce -0.1% |
| MU Micron Technology Inc. | 0.26% | 18,020,901 | $1.9B | Add +54.3% |
| SPGI S&P Global Inc. | 0.25% | 3,528,385 | $1.8B | Reduce -12.6% |
| UBER Uber Technologies Inc. | 0.25% | 24,135,182 | $1.8B | Reduce -8.6% |
| INVH Invitation Homes Inc. | 0.25% | 51,443,083 | $1.8B | Add +29.9% |
| AXP American Express Co. | 0.25% | 6,627,843 | $1.8B | Add +4.1% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 34,380,893 | $1.8B | Add +5.5% |
| CNC Centene Corp. | 0.24% | 22,967,975 | $1.7B | Add +8.3% |
| SYK Stryker Corp. | 0.24% | 4,779,496 | $1.7B | Reduce -4.5% |
| T AT&T Inc. | 0.24% | 76,988,383 | $1.7B | Add +7.2% |
| LRCX Lam Research Corp. | 0.24% | 2,072,767 | $1.7B | Add +14.3% |
| KLAC KLA Corp. | 0.24% | 2,176,040 | $1.7B | Add +6.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 13,640,508 | $1.6B | Add +5.4% |
| BSX Boston Scientific Corp. | 0.22% | 19,089,407 | $1.6B | Add +6.8% |
| ADI Analog Devices Inc. | 0.22% | 6,894,314 | $1.6B | Add +0.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.22% | 3,409,782 | $1.6B | Reduce -0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 7,129,934 | $1.6B | Add +31.8% |
| MS Morgan Stanley | 0.22% | 14,941,146 | $1.6B | Add +4.1% |
| ELV Elevance Health Inc. | 0.22% | 2,976,162 | $1.5B | Reduce -2.4% |
| AVB Avalonbay Communities Inc. | 0.21% | 6,797,979 | $1.5B | Reduce -0.4% |
| RTX RTX Corp. | 0.21% | 12,626,498 | $1.5B | Add +26.1% |
| ETN Eaton Corp. PLC | 0.21% | 4,610,857 | $1.5B | Reduce -1.1% |
| SHW The Sherwin-Williams Co. | 0.21% | 3,976,856 | $1.5B | Reduce -1.9% |
| GILD Gilead Sciences Inc. | 0.21% | 17,703,266 | $1.5B | Add +1.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.20% | 5,181,336 | $1.5B | Reduce -10.7% |
| CRH CRH PLC | 0.20% | 15,587,390 | $1.4B | Reduce -3.4% |
| AMT American Tower Corp. | 0.20% | 6,182,403 | $1.4B | Add +5.7% |
| BKNG Booking Holdings Inc. | 0.20% | 339,639 | $1.4B | Reduce -0.6% |
| GS Goldman Sachs Group Inc. | 0.19% | 2,756,998 | $1.4B | Reduce -6.8% |
| SW Smurfit Westrock PLC | 0.19% | 27,560,163 | $1.4B | New |
| INTC Intel Corp. | 0.19% | 58,032,529 | $1.4B | Reduce -2.3% |
| PNC PNC Financial Services Group | 0.19% | 7,248,329 | $1.3B | Reduce -8.6% |
| UDR Udr Inc. | 0.19% | 29,492,760 | $1.3B | Add +5.8% |
| FISV Fiserv Inc. | 0.19% | 7,435,227 | $1.3B | Reduce -0.6% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $112.0M (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 | $81.6M | No change |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 425,000 | $23.7M | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 150,000 | $6.8M | Reduce -50.0% |
| SEAPORT ENTERTAINMENT GR-RTS | RIGHT 10/10/2024 | 1,747 | $5K | New |
Total filed on the 13F, all lines: $715.9B.
Portfolio Sells Q2 2024 → Q3 2024
| AMZN Amazon.com Inc. | Reduce -0.4% | 3.08% | −0.35 |
| LLY Eli Lilly & Co. | Reduce -4.7% | 1.30% | −0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -27.4% | 0.50% | −0.15 |
| QCOM Qualcomm Inc. | Reduce -2.8% | 0.42% | −0.12 |
| GOOG Alphabet Inc. Class C | Reduce -1.4% | 0.63% | −0.12 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.12 |
| AMAT Applied Materials Inc. | Reduce -10.5% | 0.27% | −0.11 |
| SPG Simon Property Group Inc. | Reduce -29.4% | 0.29% | −0.10 |
| TMUS T-Mobile US Inc. | Reduce -29.5% | 0.31% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -0.1% | 0.54% | −0.09 |
| WDAY Workday Inc. Class A | Reduce -50.8% | 0.09% | −0.09 |
| INTC Intel Corp. | Reduce -2.3% | 0.19% | −0.08 |
| SNPS Synopsys Inc. | Reduce -24.8% | 0.11% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -3.3% | 1.06% | −0.06 |
| ADBE Adobe Inc. | Reduce -0.2% | 0.39% | −0.06 |
| PANW Palo Alto Networks Inc. | Reduce -36.1% | 0.08% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -2.5% | 0.35% | −0.05 |
| EW Edwards Lifesciences Corp. | Reduce -15.4% | 0.07% | −0.05 |
| MCK McKesson Corp. | Reduce -6.0% | 0.15% | −0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -0.1% | 0.11% | −0.05 |
| APD Air Products & Chemicals Inc. | Reduce -38.5% | 0.09% | −0.04 |
| DXCM Dexcom Inc. | Reduce -7.2% | 0.05% | −0.04 |
| ESS Essex Property Trust Inc. | Reduce -40.0% | 0.07% | −0.04 |
| DIS The Walt Disney Co. | Reduce -4.3% | 0.28% | −0.04 |
| AMD Advanced Micro Devices | Reduce -2.1% | 0.50% | −0.04 |
| FERG Ferguson Enterprises Inc. | Reduce -26.8% | 0.09% | −0.04 |
| WRK Westrock Co. | Sold out | 0.00% | −0.04 |
| CPT Camden Property Trust | Reduce -60.3% | 0.03% | −0.04 |
| NXPI NXP Semiconductors NV | Reduce -10.7% | 0.10% | −0.04 |
| CDNS Cadence Design SYS Inc. | Reduce -1.0% | 0.16% | −0.04 |
| C Citigroup Inc. | Reduce -10.8% | 0.16% | −0.04 |
| APH Amphenol Corp. Class A | Reduce -7.0% | 0.18% | −0.03 |
| UBER Uber Technologies Inc. | Reduce -8.6% | 0.25% | −0.03 |
| LYB Lyondellbasell Indu Class A | Reduce -49.3% | 0.03% | −0.03 |
| MCHP Microchip Technology Inc. | Reduce -20.9% | 0.06% | −0.03 |
| SMCI Super Micro Computer Inc. | Reduce -57.1% | 0.01% | −0.03 |
| ELV Elevance Health Inc. | Reduce -2.4% | 0.22% | −0.03 |
| EQIX Equinix Inc. | Reduce -25.8% | 0.13% | −0.03 |
| MBLY Mobileye Global Inc. Class A | Reduce -47.6% | 0.01% | −0.03 |
| ABNB Airbnb Inc. Class A | Reduce -16.2% | 0.06% | −0.03 |
| SLB SLB Ltd. | Reduce -3.7% | 0.12% | −0.03 |
| PDD PDD Holdings Inc. | Reduce -9.4% | 0.18% | −0.03 |
| GM General Motors Co. | Reduce -19.3% | 0.07% | −0.03 |
| PEP Pepsico Inc. | Reduce -2.4% | 0.41% | −0.03 |
| PCOR Procore Technologies Inc. | Reduce -60.6% | 0.01% | −0.02 |
| S Sentinelone Inc. Class A | Reduce -69.8% | 0.01% | −0.02 |
| AJG Arthur J Gallagher & Co. | Reduce -10.7% | 0.20% | −0.02 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -85.0% | 0.00% | −0.02 |
| ADSK Autodesk Inc. | Reduce -22.2% | 0.08% | −0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -0.6% | 0.22% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| AAPL Apple Inc. | Add +1.9% | 5.89% | +0.30 |
| TSLA Tesla Inc. | Add +0.1% | 1.13% | +0.22 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +22.5% | 0.85% | +0.19 |
| SW Smurfit Westrock PLC | New | 0.19% | +0.19 |
| AVGO Broadcom Inc. | Add +10.7% | 1.54% | +0.16 |
| LINE Lineage Inc. | New | 0.13% | +0.13 |
| CMCSA Comcast Corp. Class A | Add +33.8% | 0.48% | +0.12 |
| CHTR Charter Communications Inc. Class A | Add +324.9% | 0.13% | +0.10 |
| BABA Alibaba Group Holding-SP ADR | Add +90.4% | 0.16% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +1.7% | 0.97% | +0.08 |
| IBM Intl Business Machines Corp. | Add +31.8% | 0.22% | +0.08 |
| KVUE Kenvue Inc. | Add +1750.1% | 0.08% | +0.07 |
| DLR Digital Realty Trust Inc. | Add +17.8% | 0.49% | +0.07 |
| HD Home Depot Inc. | Add +1.3% | 0.69% | +0.07 |
| RTX RTX Corp. | Add +26.1% | 0.21% | +0.06 |
| MCD McDonald's Corp. | Add +5.3% | 0.41% | +0.06 |
| ABBV Abbvie Inc. | Add +2.2% | 0.63% | +0.06 |
| V Visa Inc. Class A | Add +12.3% | 0.64% | +0.06 |
| DELL Dell Technologies -C | Add +1319.3% | 0.06% | +0.06 |
| MA Mastercard Inc. Class A | Add +2.5% | 0.81% | +0.05 |
| FTNT Fortinet Inc. | Add +499.0% | 0.06% | +0.05 |
| GE General Electric | Add +4.7% | 0.35% | +0.05 |
| CHKP Check Point Software Tech | Add +1605.0% | 0.05% | +0.05 |
| BMY Bristol-Myers Squibb Co. | Add +5.5% | 0.25% | +0.05 |
| ZM Zoom Communications Inc. | Add +288.4% | 0.06% | +0.04 |
| INVH Invitation Homes Inc. | Add +29.9% | 0.25% | +0.04 |
| KKR KKR & Co. Inc. | Add +12.7% | 0.17% | +0.04 |
| ORCL Oracle Corp. | Add +3.8% | 0.27% | +0.04 |
| CAT Caterpillar Inc. | Add +3.4% | 0.33% | +0.04 |
| KO The Coca-Cola Co. | Add +1.9% | 0.53% | +0.04 |
| RY Royal Bank of Canada | Add +1.3% | 0.35% | +0.03 |
| GEV GE Vernova Inc. | Add +6.0% | 0.10% | +0.03 |
| PYPL PayPal Holdings Inc. | Add +7.1% | 0.13% | +0.03 |
| MU Micron Technology Inc. | Add +54.3% | 0.26% | +0.03 |
| T AT&T Inc. | Add +7.2% | 0.24% | +0.03 |
| CNC Centene Corp. | Add +8.3% | 0.24% | +0.03 |
| AMT American Tower Corp. | Add +5.7% | 0.20% | +0.03 |
| AXP American Express Co. | Add +4.1% | 0.25% | +0.03 |
| GILD Gilead Sciences Inc. | Add +1.8% | 0.21% | +0.03 |
| APO Apollo Global Management Inc. | Add +23.0% | 0.16% | +0.03 |
| CSCO Cisco Systems Inc. | Add +2.6% | 0.39% | +0.03 |
| ACN Accenture PLC Class A | Add +1.2% | 0.28% | +0.03 |
| HCA HCA Healthcare Inc. | Add +0.4% | 0.16% | +0.03 |
| CCI Crown Castle Inc. | Add +17.9% | 0.10% | +0.02 |
| PSA Public Storage | Add +0.3% | 0.15% | +0.02 |
| MMM 3M Co. | Add +8.3% | 0.09% | +0.02 |
| BMO Bank of Montreal | Add +21.0% | 0.13% | +0.02 |
| IFF Intl Flavors & Fragrances | Add +60.5% | 0.06% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +0.4% | 0.48% | +0.02 |
| NDAQ Nasdaq Inc. | Add +34.3% | 0.07% | +0.02 |
Notes & Other Activity Q2 2024 → Q3 2024
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -50.0% | 150,000 | $6.8M |
| SEAPORT ENTERTAINMENT GR-RTS | RIGHT 10/10/2024 | New | 1,747 | $5K |
| 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 |