Norges Bank
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Norges Bank reported 1,842 stock positions worth $761.9 billion. Its top holding was Apple (AAPL) at 6.2% of the portfolio, followed by Microsoft (MSFT, 5.8%) and Nvidia (NVDA, 5.7%). Compared with Q3 2024, it opened 93 new positions, sold out of 89, added to 917 and reduced 664. The biggest buy was Tesla (TSLA, shares +16%) and the biggest sale Exxon Mobil (XOM, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- OSLO, Q8
- CIK
- 0001374170
- Portfolio Value
- $761.9B (Q4 2024)
- SEC Filing
- 0001374170-25-000027 ↗ filed Feb 12, 2025
Holdings Value
Holdings 1,842 stocks · $761.9B
| AAPL Apple Inc. | 6.15% | 187,160,162 | $46.9B | Add +3.4% |
| MSFT Microsoft Corp. | 5.82% | 105,202,984 | $44.3B | Add +6.3% |
| NVDA Nvidia Corp. | 5.71% | 324,041,286 | $43.5B | Add +10.6% |
| AMZN Amazon.com Inc. | 3.58% | 124,283,614 | $27.3B | Add +4.9% |
| GOOGL Alphabet Inc. Class A | 3.20% | 128,809,703 | $24.4B | Add +14.5% |
| META Meta Platforms Inc. Class A | 2.62% | 34,072,026 | $19.9B | Add +13.5% |
| AVGO Broadcom Inc. | 2.22% | 72,864,948 | $16.9B | Add +13.8% |
| TSLA Tesla Inc. | 1.89% | 35,707,824 | $14.4B | Add +15.7% |
| LLY Eli Lilly & Co. | 1.10% | 10,891,072 | $8.4B | Add +3.9% |
| JPM JPMorgan Chase & Co. | 1.09% | 34,670,579 | $8.3B | Reduce -3.2% |
| XOM Exxon Mobil Corp. | 0.91% | 64,485,795 | $6.9B | Reduce -0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.86% | 9,651 | $6.6B | Add +9.6% |
| UNH Unitedhealth Group Inc. | 0.84% | 12,603,771 | $6.4B | Add +5.8% |
| MA Mastercard Inc. Class A | 0.79% | 11,436,702 | $6.0B | Reduce -2.1% |
| WMT Walmart Inc. | 0.75% | 63,501,444 | $5.7B | Add +1.1% |
| UBS UBS Group AG-Reg | 0.73% | 183,111,351 | $5.6B | Add +4.0% |
| PG The Procter & Gamble Co. | 0.69% | 31,282,211 | $5.2B | Add +3.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.69% | 118,930,358 | $5.2B | Reduce -8.5% |
| COST Costco Wholesale Corp. | 0.68% | 5,655,883 | $5.2B | Add +2.6% |
| V Visa Inc. Class A | 0.68% | 16,362,710 | $5.2B | Reduce -1.6% |
| GOOG Alphabet Inc. Class C | 0.68% | 27,127,023 | $5.2B | Add +0.3% |
| HD Home Depot Inc. | 0.66% | 12,938,405 | $5.0B | Add +6.2% |
| NFLX Netflix Inc. | 0.66% | 5,631,072 | $5.0B | Add +5.0% |
| ABBV Abbvie Inc. | 0.59% | 25,095,020 | $4.5B | Add +9.2% |
| JNJ Johnson & Johnson | 0.58% | 30,355,672 | $4.4B | Add +4.5% |
| WELL Welltower Inc. | 0.52% | 31,293,282 | $3.9B | Reduce -0.6% |
| DLR Digital Realty Trust Inc. | 0.51% | 21,758,462 | $3.9B | Add +0.1% |
| CMCSA Comcast Corp. Class A | 0.50% | 102,190,930 | $3.8B | Add +24.7% |
| CRM Salesforce Inc. | 0.47% | 10,767,405 | $3.6B | Add +5.2% |
| NEE Nextera Energy Inc. | 0.46% | 48,600,878 | $3.5B | Add +5.0% |
| MRK Merck & Co. Inc. | 0.46% | 34,979,885 | $3.5B | Add +3.5% |
| KO The Coca-Cola Co. | 0.45% | 54,644,250 | $3.4B | Add +3.1% |
| WFC Wells Fargo & Co. | 0.44% | 47,916,539 | $3.4B | Add +9.1% |
| CSCO Cisco Systems Inc. | 0.43% | 55,707,852 | $3.3B | Add +6.6% |
| TMO Thermo Fisher Scientific Inc. | 0.41% | 6,054,541 | $3.1B | Add +8.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 6,801,418 | $3.1B | Reduce -12.3% |
| CVX Chevron Corp. | 0.40% | 20,835,056 | $3.0B | Add +1.4% |
| LIN Linde PLC | 0.38% | 6,931,123 | $2.9B | Reduce -1.1% |
| AMD Advanced Micro Devices | 0.38% | 23,737,003 | $2.9B | Add +8.0% |
| PEP Pepsico Inc. | 0.36% | 17,950,577 | $2.7B | Add +5.2% |
| MCD McDonald's Corp. | 0.36% | 9,400,772 | $2.7B | Reduce -2.4% |
| QCOM Qualcomm Inc. | 0.36% | 17,718,277 | $2.7B | Reduce -0.2% |
| NOW ServiceNow Inc. | 0.34% | 2,455,722 | $2.6B | Add +6.2% |
| TXN Texas Instruments Inc. | 0.34% | 13,783,210 | $2.6B | Add +36.1% |
| ADBE Adobe Inc. | 0.34% | 5,741,285 | $2.6B | Add +7.0% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.33% | 34,746,743 | $2.5B | Reduce -0.4% |
| RY Royal Bank of Canada | 0.32% | 20,142,235 | $2.4B | Reduce -0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 21,692,209 | $2.4B | Add +5.3% |
| ISRG Intuitive Surgical Inc. | 0.32% | 4,600,913 | $2.4B | Add +1.9% |
| GE General Electric filed as GE AEROSPACE | 0.31% | 14,242,097 | $2.4B | Add +7.5% |
| ABT Abbott Laboratories | 0.31% | 20,983,649 | $2.4B | Add +3.5% |
| BLK BlackRock Inc. | 0.31% | 2,298,638 | $2.4B | Add +1.8% |
| ACN Accenture PLC Class A | 0.31% | 6,684,906 | $2.4B | Add +16.0% |
| PFE Pfizer Inc. | 0.31% | 87,786,882 | $2.3B | Reduce -0.6% |
| VZ Verizon Communications Inc. | 0.30% | 57,535,540 | $2.3B | Add +3.2% |
| INTU Intuit Inc. | 0.30% | 3,644,262 | $2.3B | Add +10.7% |
| ORCL Oracle Corp. | 0.29% | 13,300,009 | $2.2B | Add +15.4% |
| CAT Caterpillar Inc. | 0.29% | 6,021,512 | $2.2B | Reduce -1.6% |
| DHR Danaher Corp. | 0.28% | 9,282,250 | $2.1B | Add +3.7% |
| SPG Simon Property Group Inc. | 0.27% | 11,959,267 | $2.1B | Reduce -3.0% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 35,175,478 | $2.0B | Add +2.3% |
| BKNG Booking Holdings Inc. | 0.26% | 394,160 | $2.0B | Add +16.1% |
| C Citigroup Inc. | 0.25% | 27,498,205 | $1.9B | Add +47.6% |
| UNP Union Pacific Corp. | 0.25% | 8,451,923 | $1.9B | Add +6.0% |
| MS Morgan Stanley | 0.25% | 15,194,081 | $1.9B | Add +1.7% |
| T AT&T Inc. | 0.24% | 81,616,938 | $1.9B | Add +6.0% |
| PGR Progressive Corp. | 0.24% | 7,691,853 | $1.8B | Add +2.2% |
| LOW Lowe's Cos Inc. | 0.24% | 7,467,400 | $1.8B | Add +4.4% |
| TMUS T-Mobile US Inc. | 0.24% | 8,165,601 | $1.8B | Reduce -23.5% |
| GILD Gilead Sciences Inc. | 0.23% | 19,370,510 | $1.8B | Add +9.4% |
| AXP American Express Co. | 0.23% | 6,017,276 | $1.8B | Reduce -9.2% |
| BSX Boston Scientific Corp. | 0.23% | 19,732,673 | $1.8B | Add +3.4% |
| ADI Analog Devices Inc. | 0.23% | 8,264,887 | $1.8B | Add +19.9% |
| RTX RTX Corp. | 0.23% | 15,085,070 | $1.7B | Add +19.5% |
| SPGI S&P Global Inc. | 0.23% | 3,463,815 | $1.7B | Reduce -1.8% |
| SYK Stryker Corp. | 0.22% | 4,751,407 | $1.7B | Reduce -0.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 13,828,032 | $1.7B | Add +1.4% |
| LRCX Lam Research Corp. | 0.22% | 23,005,290 | $1.7B | Add +11.0% |
| INVH Invitation Homes Inc. | 0.22% | 51,510,613 | $1.6B | Add +0.1% |
| ARE Alexandria Real Estate Equit | 0.21% | 16,457,471 | $1.6B | No change |
| GS Goldman Sachs Group Inc. | 0.21% | 2,799,964 | $1.6B | Add +1.6% |
| AMAT Applied Materials Inc. | 0.21% | 9,767,091 | $1.6B | Add +1.7% |
| SHOP Shopify Inc. Class A | 0.20% | 14,504,856 | $1.5B | Add +1.3% |
| AMGN Amgen Inc. | 0.20% | 5,916,171 | $1.5B | Add +2.0% |
| CNC Centene Corp. | 0.20% | 25,357,664 | $1.5B | Add +10.4% |
| SRE Sempra | 0.20% | 17,498,863 | $1.5B | Add +35.6% |
| AVB Avalonbay Communities Inc. | 0.20% | 6,814,794 | $1.5B | Add +0.3% |
| ETN Eaton Corp. PLC | 0.20% | 4,506,529 | $1.5B | Reduce -2.3% |
| SE Sea Ltd.-ADR | 0.20% | 14,078,061 | $1.5B | Add +0.3% |
| MU Micron Technology Inc. | 0.19% | 17,477,130 | $1.5B | Reduce -3.0% |
| UBER Uber Technologies Inc. | 0.19% | 24,332,793 | $1.5B | Add +0.8% |
| KKR KKR & Co. Inc. | 0.19% | 9,703,968 | $1.4B | Add +3.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.19% | 5,008,248 | $1.4B | Reduce -3.3% |
| FISV Fiserv Inc. | 0.18% | 6,846,716 | $1.4B | Reduce -7.9% |
| ANET Arista Networks Inc. | 0.18% | 12,646,642 | $1.4B | Add +3.3% |
| CRH CRH PLC | 0.18% | 15,035,793 | $1.4B | Reduce -3.5% |
| APH Amphenol Corp. Class A | 0.18% | 19,853,043 | $1.4B | Add +2.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.18% | 3,414,324 | $1.4B | Add +0.1% |
| PLTR Palantir Technologies Inc. Class A | 0.18% | 17,984,806 | $1.4B | Add +56.5% |
| SHW The Sherwin-Williams Co. | 0.18% | 4,000,078 | $1.4B | Add +0.6% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $136.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 1,050,000 | $91.3M | Reduce -12.5% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 600,000 | $33.0M | New |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 200,290 | $12.5M | Reduce -52.9% |
Total filed on the 13F, all lines: $762.1B.
Portfolio Sells Q3 2024 → Q4 2024
| XOM Exxon Mobil Corp. | Reduce -0.3% | 0.91% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -12.3% | 0.40% | −0.09 |
| LIN Linde PLC | Reduce -1.1% | 0.38% | −0.09 |
| BABA Alibaba Group Holding-SP ADR | Reduce -35.6% | 0.08% | −0.08 |
| KLAC KLA Corp. | Reduce -14.3% | 0.15% | −0.08 |
| TMUS T-Mobile US Inc. | Reduce -23.5% | 0.24% | −0.07 |
| PDD PDD Holdings Inc. | Reduce -10.5% | 0.11% | −0.07 |
| MU Micron Technology Inc. | Reduce -3.0% | 0.19% | −0.07 |
| QCOM Qualcomm Inc. | Reduce -0.2% | 0.36% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -21.1% | 0.16% | −0.06 |
| HCA HCA Healthcare Inc. | Reduce -2.8% | 0.11% | −0.05 |
| MCD McDonald's Corp. | Reduce -2.4% | 0.36% | −0.05 |
| PFE Pfizer Inc. | Reduce -0.6% | 0.31% | −0.05 |
| CAT Caterpillar Inc. | Reduce -1.6% | 0.29% | −0.05 |
| PINS Pinterest Inc. Class A | Reduce -40.2% | 0.05% | −0.05 |
| HSY The Hershey Co. | Reduce -98.1% | 0.00% | −0.05 |
| WELL Welltower Inc. | Reduce -0.6% | 0.52% | −0.05 |
| EXR Extra Space Storage Inc. | Reduce -4.2% | 0.12% | −0.04 |
| TDG Transdigm Group Inc. | Reduce -9.4% | 0.13% | −0.04 |
| CTLT Catalent Inc. | Sold out | 0.00% | −0.04 |
| VMRK Vivmark Residential | Reduce -0.4% | 0.33% | −0.04 |
| CP Canadian Pacific Kansas City | Reduce -2.9% | 0.12% | −0.04 |
| BAC Bank of America Corp. | Reduce -8.5% | 0.69% | −0.03 |
| RY Royal Bank of Canada | Reduce -0.1% | 0.32% | −0.03 |
| SNPS Synopsys Inc. | Reduce -22.4% | 0.08% | −0.03 |
| O Realty Income Corp. | Reduce -8.2% | 0.08% | −0.03 |
| CEG Constellation Energy | Reduce -9.2% | 0.08% | −0.03 |
| FERG Ferguson Enterprises Inc. | Reduce -17.6% | 0.06% | −0.03 |
| TECK Teck Resources Ltd.-CLS B | Reduce -6.9% | 0.06% | −0.03 |
| URI United Rentals Inc. | Reduce -7.0% | 0.09% | −0.03 |
| SPGI S&P Global Inc. | Reduce -1.8% | 0.23% | −0.03 |
| WY Weyerhaeuser Co. | Reduce -2.5% | 0.08% | −0.03 |
| SO The Southern Co. | Reduce -5.3% | 0.11% | −0.03 |
| DOW Dow Inc. | Reduce -10.9% | 0.04% | −0.02 |
| CTAS Cintas Corp. | Reduce -0.2% | 0.12% | −0.02 |
| TGT Target Corp. | Reduce -0.3% | 0.10% | −0.02 |
| RACE Ferrari NV | Reduce -5.6% | 0.09% | −0.02 |
| SUI Sun Communities Inc. | Reduce -0.8% | 0.12% | −0.02 |
| SPG Simon Property Group Inc. | Reduce -3.0% | 0.27% | −0.02 |
| AIG American International Group | Reduce -12.1% | 0.09% | −0.02 |
| X United States Steel Corp. | Reduce -49.3% | 0.02% | −0.02 |
| CNI Canadian Natl Railway Co. | Reduce -3.5% | 0.07% | −0.02 |
| SW Smurfit Westrock PLC | Reduce -12.5% | 0.17% | −0.02 |
| SLB SLB Ltd. | Reduce -3.5% | 0.10% | −0.02 |
| UDR Udr Inc. | Reduce -0.5% | 0.17% | −0.02 |
| CRH CRH PLC | Reduce -3.5% | 0.18% | −0.02 |
| LYB Lyondellbasell Indu Class A | Reduce -50.8% | 0.01% | −0.02 |
| EMR Emerson Electric Co. | Reduce -18.2% | 0.12% | −0.02 |
| VICI Vici Properties Inc. | Reduce -7.6% | 0.06% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -2.3% | 0.20% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| TSLA Tesla Inc. | Add +15.7% | 1.89% | +0.76 |
| NVDA Nvidia Corp. | Add +10.6% | 5.71% | +0.74 |
| AVGO Broadcom Inc. | Add +13.8% | 2.22% | +0.67 |
| GOOGL Alphabet Inc. Class A | Add +14.5% | 3.20% | +0.59 |
| AMZN Amazon.com Inc. | Add +4.9% | 3.58% | +0.49 |
| AAPL Apple Inc. | Add +3.4% | 6.15% | +0.26 |
| META Meta Platforms Inc. Class A | Add +13.5% | 2.62% | +0.22 |
| NFLX Netflix Inc. | Add +5.0% | 0.66% | +0.13 |
| PLTR Palantir Technologies Inc. Class A | Add +56.5% | 0.18% | +0.12 |
| WFC Wells Fargo & Co. | Add +9.1% | 0.44% | +0.10 |
| C Citigroup Inc. | Add +47.6% | 0.25% | +0.09 |
| CRM Salesforce Inc. | Add +5.2% | 0.47% | +0.08 |
| MRVL Marvell Technology Inc. | Add +40.9% | 0.15% | +0.08 |
| APP AppLovin Corp. Class A | Add +12.0% | 0.11% | +0.07 |
| BKNG Booking Holdings Inc. | Add +16.1% | 0.26% | +0.06 |
| NOW ServiceNow Inc. | Add +6.2% | 0.34% | +0.05 |
| SRE Sempra | Add +35.6% | 0.20% | +0.05 |
| TXN Texas Instruments Inc. | Add +36.1% | 0.34% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +0.3% | 0.68% | +0.05 |
| PANW Palo Alto Networks Inc. | Add +55.7% | 0.13% | +0.05 |
| CSCO Cisco Systems Inc. | Add +6.6% | 0.43% | +0.04 |
| WMT Walmart Inc. | Add +1.1% | 0.75% | +0.04 |
| GEV GE Vernova Inc. | Add +16.3% | 0.15% | +0.04 |
| SHOP Shopify Inc. Class A | Add +1.3% | 0.20% | +0.04 |
| DIS The Walt Disney Co. | Add +5.3% | 0.32% | +0.04 |
| ZM Zoom Communications Inc. | Add +53.3% | 0.10% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +18.0% | 0.15% | +0.04 |
| FTNT Fortinet Inc. | Add +41.6% | 0.10% | +0.04 |
| MSTR Strategy Inc. | Add +21.0% | 0.07% | +0.03 |
| WBD Warner Bros Discovery Inc. | Add +177.8% | 0.05% | +0.03 |
| MS Morgan Stanley | Add +1.7% | 0.25% | +0.03 |
| APD Air Products & Chemicals Inc. | Add +49.8% | 0.12% | +0.03 |
| KMI Kinder Morgan Inc. | Add +15.8% | 0.12% | +0.03 |
| SPOT Spotify Technology SA | Add +118.5% | 0.05% | +0.03 |
| LNG Cheniere Energy Inc. | Add +42.1% | 0.08% | +0.03 |
| SNOW Snowflake Inc. | Add +1.6% | 0.13% | +0.03 |
| GILD Gilead Sciences Inc. | Add +9.4% | 0.23% | +0.03 |
| DB Deutsche Bank AG-Registered | Add +42.8% | 0.10% | +0.03 |
| CMCSA Comcast Corp. Class A | Add +24.7% | 0.50% | +0.03 |
| ACN Accenture PLC Class A | Add +16.0% | 0.31% | +0.02 |
| CE Celanese Corp. | Add +815.5% | 0.03% | +0.02 |
| ALAB Astera Labs Inc. | Add +349.6% | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +1.6% | 0.21% | +0.02 |
| ANET Arista Networks Inc. | Add +3.3% | 0.18% | +0.02 |
| FICO Fair Isaac Corp. | Add +53.9% | 0.06% | +0.02 |
| TRGP Targa Resources Corp. | Add +23.5% | 0.07% | +0.02 |
| RCL Royal Caribbean Cruises Ltd. | Add +1.8% | 0.09% | +0.02 |
| RBRK Rubrik Inc. Class A | Add +3.5% | 0.04% | +0.02 |
| MSI Motorola Solutions Inc. | Add +18.6% | 0.14% | +0.02 |
| XYZ Block Inc. | Add +7.5% | 0.08% | +0.02 |
Notes & Other Activity Q3 2024 → Q4 2024
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -12.5% | 1,050,000 | $91.3M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | New | 600,000 | $33.0M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Reduce -52.9% | 200,290 | $12.5M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Sold out | 150,000 | $6.8Mbefore exit |
| SEAPORT ENTERTAINMENT GR-RTS | RIGHT 10/10/2024 | Sold out | 1,747 | $5Kbefore exit |
| 0 | 0 | Sold out | 0 | $0before exit |
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 |