Norges Bank
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Norges Bank reported 1,572 stock positions worth $934.7 billion. Its top holding was Nvidia (NVDA) at 6.7% of the portfolio, followed by Apple (AAPL, 5.6%) and Microsoft (MSFT, 5.4%).
- Most Recent 13F
- Q2 2026
- Location
- OSLO, Q8
- CIK
- 0001374170
- Portfolio Value
- $934.7B (Q4 2025)
- SEC Filing
- 0001374170-26-000012 ↗ filed Feb 10, 2026
Holdings Value
Holdings 1,572 stocks · $934.7B
| NVDA Nvidia Corp. | 6.66% | 333,748,700 | $62.2B | — |
| AAPL Apple Inc. | 5.59% | 192,255,086 | $52.3B | — |
| MSFT Microsoft Corp. | 5.42% | 104,761,241 | $50.7B | — |
| AMZN Amazon.com Inc. | 3.52% | 142,399,855 | $32.9B | — |
| GOOGL Alphabet Inc. Class A | 3.27% | 97,553,478 | $30.5B | — |
| AVGO Broadcom Inc. | 2.59% | 70,072,800 | $24.3B | — |
| META Meta Platforms Inc. Class A | 2.37% | 33,559,173 | $22.2B | — |
| GOOG Alphabet Inc. Class C | 1.94% | 57,659,864 | $18.1B | — |
| TSLA Tesla Inc. | 1.83% | 38,086,143 | $17.1B | — |
| LLY Eli Lilly & Co. | 1.39% | 12,074,882 | $13.0B | — |
| JPM JPMorgan Chase & Co. | 1.22% | 35,368,681 | $11.4B | — |
| BRK.A Berkshire Hathaway Inc. Class A | 0.83% | 10,308 | $7.8B | — |
| XOM Exxon Mobil Corp. | 0.82% | 63,362,667 | $7.6B | — |
| JNJ Johnson & Johnson | 0.74% | 33,459,884 | $6.9B | — |
| MA Mastercard Inc. Class A | 0.72% | 11,746,265 | $6.7B | — |
| WMT Walmart Inc. | 0.69% | 57,970,822 | $6.5B | — |
| MU Micron Technology Inc. | 0.69% | 22,541,101 | $6.4B | — |
| V Visa Inc. Class A | 0.63% | 16,759,538 | $5.9B | — |
| ABBV Abbvie Inc. | 0.63% | 25,668,761 | $5.9B | — |
| NFLX Netflix Inc. | 0.62% | 61,894,705 | $5.8B | — |
| WELL Welltower Inc. | 0.58% | 29,450,268 | $5.5B | — |
| COST Costco Wholesale Corp. | 0.56% | 6,024,787 | $5.2B | — |
| PLTR Palantir Technologies Inc. Class A | 0.55% | 28,971,257 | $5.1B | — |
| AMD Advanced Micro Devices | 0.53% | 23,016,960 | $4.9B | — |
| UBS UBS Group AG-Reg | 0.52% | 104,982,026 | $4.9B | — |
| HD Home Depot Inc. | 0.52% | 14,095,697 | $4.9B | — |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.51% | 86,803,816 | $4.8B | — |
| PG The Procter & Gamble Co. | 0.50% | 32,550,300 | $4.7B | — |
| WFC Wells Fargo & Co. | 0.48% | 48,418,055 | $4.5B | — |
| CSCO Cisco Systems Inc. | 0.48% | 58,071,810 | $4.5B | — |
| GE General Electric filed as GE AEROSPACE | 0.48% | 14,429,555 | $4.4B | — |
| UNH Unitedhealth Group Inc. | 0.47% | 13,256,692 | $4.4B | — |
| ORCL Oracle Corp. | 0.46% | 22,246,323 | $4.3B | — |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 8,464,122 | $4.3B | — |
| MRK Merck & Co. Inc. | 0.43% | 37,981,502 | $4.0B | — |
| KO The Coca-Cola Co. | 0.41% | 55,296,911 | $3.9B | — |
| CVX Chevron Corp. | 0.40% | 24,457,623 | $3.7B | — |
| LRCX Lam Research Corp. | 0.39% | 21,295,871 | $3.6B | — |
| RY Royal Bank of Canada | 0.37% | 20,368,046 | $3.5B | — |
| DLR Digital Realty Trust Inc. | 0.36% | 21,995,957 | $3.4B | — |
| BKNG Booking Holdings Inc. | 0.35% | 610,801 | $3.3B | — |
| LIN Linde PLC | 0.35% | 7,614,508 | $3.2B | — |
| CRM Salesforce Inc. | 0.34% | 12,015,218 | $3.2B | — |
| RTX RTX Corp. | 0.34% | 17,271,681 | $3.2B | — |
| TMO Thermo Fisher Scientific Inc. | 0.33% | 5,302,863 | $3.1B | — |
| INTU Intuit Inc. | 0.33% | 4,617,021 | $3.1B | — |
| APH Amphenol Corp. Class A | 0.33% | 22,585,063 | $3.1B | — |
| PEP Pepsico Inc. | 0.32% | 21,034,095 | $3.0B | — |
| KLAC KLA Corp. | 0.32% | 2,457,794 | $3.0B | — |
| ABT Abbott Laboratories | 0.31% | 23,456,714 | $2.9B | — |
| MCD McDonald's Corp. | 0.31% | 9,457,311 | $2.9B | — |
| AMAT Applied Materials Inc. | 0.31% | 11,123,168 | $2.9B | — |
| ISRG Intuitive Surgical Inc. | 0.31% | 5,044,472 | $2.9B | — |
| NEE Nextera Energy Inc. | 0.30% | 35,081,308 | $2.8B | — |
| C Citigroup Inc. | 0.30% | 24,003,291 | $2.8B | — |
| BLK BlackRock Inc. | 0.29% | 2,562,438 | $2.7B | — |
| MS Morgan Stanley | 0.29% | 15,415,129 | $2.7B | — |
| GILD Gilead Sciences Inc. | 0.28% | 21,322,732 | $2.6B | — |
| SHOP Shopify Inc. Class A | 0.28% | 16,224,694 | $2.6B | — |
| QCOM Qualcomm Inc. | 0.28% | 15,147,945 | $2.6B | — |
| TXN Texas Instruments Inc. | 0.27% | 14,505,898 | $2.5B | — |
| GS Goldman Sachs Group Inc. | 0.27% | 2,862,150 | $2.5B | — |
| UBER Uber Technologies Inc. | 0.27% | 30,780,742 | $2.5B | — |
| CMCSA Comcast Corp. Class A | 0.27% | 83,594,032 | $2.5B | — |
| AXP American Express Co. | 0.26% | 6,660,940 | $2.5B | — |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 8,259,103 | $2.4B | — |
| SPGI S&P Global Inc. | 0.26% | 4,590,579 | $2.4B | — |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 20,992,164 | $2.4B | — |
| VZ Verizon Communications Inc. | 0.25% | 57,872,767 | $2.4B | — |
| GEV GE Vernova Inc. | 0.24% | 3,493,297 | $2.3B | — |
| ADBE Adobe Inc. | 0.24% | 6,500,657 | $2.3B | — |
| INTC Intel Corp. | 0.24% | 60,519,214 | $2.2B | — |
| ADI Analog Devices Inc. | 0.24% | 8,169,308 | $2.2B | — |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 14,399,942 | $2.2B | — |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.24% | 34,925,031 | $2.2B | — |
| BSX Boston Scientific Corp. | 0.24% | 23,066,546 | $2.2B | — |
| T AT&T Inc. | 0.23% | 87,841,255 | $2.2B | — |
| DHR Danaher Corp. | 0.23% | 9,510,336 | $2.2B | — |
| AMGN Amgen Inc. | 0.23% | 6,611,965 | $2.2B | — |
| ACN Accenture PLC Class A | 0.23% | 8,002,218 | $2.1B | — |
| TD Toronto-Dominion Bank | 0.23% | 22,556,669 | $2.1B | — |
| COF Capital One Financial Corp. | 0.22% | 8,622,723 | $2.1B | — |
| APP AppLovin Corp. Class A | 0.22% | 3,027,991 | $2.0B | — |
| NOW ServiceNow Inc. | 0.22% | 13,192,716 | $2.0B | — |
| SCHW Schwab (charles) Corp. | 0.21% | 19,959,856 | $2.0B | — |
| LOW Lowe's Cos Inc. | 0.21% | 8,267,112 | $2.0B | — |
| PNC PNC Financial Services Group | 0.21% | 9,424,039 | $2.0B | — |
| BMY Bristol-Myers Squibb Co. | 0.21% | 36,100,698 | $1.9B | — |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.21% | 7,438,704 | $1.9B | — |
| TTE Totalenergies SE | 0.21% | 29,401,947 | $1.9B | — |
| USB US Bancorp | 0.20% | 35,372,885 | $1.9B | — |
| PGR Progressive Corp. | 0.20% | 8,062,944 | $1.8B | — |
| PFE Pfizer Inc. | 0.20% | 73,533,577 | $1.8B | — |
| SYK Stryker Corp. | 0.20% | 5,184,716 | $1.8B | — |
| HWM Howmet Aerospace Inc. | 0.19% | 8,748,895 | $1.8B | — |
| UNP Union Pacific Corp. | 0.19% | 7,694,566 | $1.8B | — |
| PH Parker Hannifin Corp. | 0.19% | 1,998,077 | $1.8B | — |
| KKR KKR & Co. Inc. | 0.18% | 13,460,378 | $1.7B | — |
| DE Deere & Co. | 0.18% | 3,685,016 | $1.7B | — |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 3,625,619 | $1.7B | — |
Other holdings (5): bonds, preferreds, convertibles and warrants · $46.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 600,000 | $45.3M | — |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 289,747 | $872K | — |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 7,213 | $6K | — |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 7,213 | $4K | — |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 7,213 | $3K | — |
Total filed on the 13F, all lines: $934.8B.
Portfolio Sells Q4 2025
No earlier filing to compare with.
Portfolio Buys Q4 2025
No earlier filing to compare with.
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 |