SEC 13F Intelligence

Managers / Q1 2018 · view latest →

NORGES BANK

CIK 0001374170 · BANKPLASSEN 2, P.O BOX 1179 SENTRUM, OSLO, 0107 · 47-24073000

Reported Value
$276.4B
Q1 2018
Positions
2,144
includes revealed positions
Filings on Record
58
2019–present window
Filed
May 15, 2019
amendment (NEW HOLDINGS)

Summary

Norges Bank reported $276.4B in U.S.-listed holdings across 2,144 positions for Q1 2018.

Its largest position, AAPL, represents 3.0% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+17.2%
share of reported value
Largest Position
+3.0%
Apple

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’18: $276.4BQ1 ’18Q2 ’18: $291.3BQ3 ’18: $307.9BQ4 ’18: $268.8BQ1 ’19: $309.5BQ2 ’19: $323.6BQ2 ’19Q3 ’19: $326.5BQ4 ’19: $358.4BQ1 ’20: $280.6BQ2 ’20: $347.3BQ3 ’20: $376.4BQ3 ’20Q4 ’20: $428.3BQ1 ’21: $436.8BQ2 ’21: $461.3BQ3 ’21: $452.0BQ4 ’21: $486.4BQ4 ’21Q1 ’22: $458.8BQ2 ’22: $386.8BQ3 ’22: $376.1BQ4 ’22: $414.9BQ1 ’23: $456.9BQ1 ’23Q2 ’23: $506.7BQ3 ’23: $492.8BQ4 ’23: $572.3BQ1 ’24: $633.6BQ2 ’24: $669.4BQ2 ’24Q3 ’24: $715.9BQ4 ’24: $762.1BQ1 ’25: $712.5BQ2 ’25: $801.1BQ3 ’25: $0Q3 ’25Q4 ’25: $934.8BQ1 ’26: $0filingsflow.com

Portfolio Composition

By security type
Common Stock: 87.5%Other: 6.8%REIT: 4.3%ADR: 1.2%Closed-End Fund: 0.1%Other: 0.1%
  • Common Stock · 87.5% · $241.7B
  • Other · 6.8% · $18.9B
  • REIT · 4.3% · $11.9B
  • ADR · 1.2% · $3.2B
  • Closed-End Fund · 0.1% · $326M
  • Other · 0.1% · $216M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
AAPLAPPLE INCREVEALEDNEW+49.54M49.54M+$8.3B$8.3B
MSFTMICROSOFT CORPREVEALEDNEW+73.51M73.51M+$6.7B$6.7B
AMZNAMAZON.COM INCREVEALEDNEW+4.20M4.20M+$6.1B$6.1B
GOOGLALPHABET INC-CL AREVEALEDNEW+3.56M3.56M+$3.7B$3.7B
METAFACEBOOK INC-AREVEALEDNEW+22.76M22.76M+$3.6B$3.6B
JPMJPMORGAN CHASE & COREVEALEDNEW+31.19M31.19M+$3.4B$3.4B
BACBANK OF AMERICA CORPREVEALEDNEW+112.06M112.06M+$3.4B$3.4B
JNJJOHNSON & JOHNSONREVEALEDNEW+25.76M25.76M+$3.3B$3.3B

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2018REVEALED

498 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INCREVEALEDhistory →COM3.01%$8.3B49.54M
2MSFTMICROSOFT CORPREVEALEDhistory →COM2.43%$6.7B73.51M
3GOOGLALPHABET INC-CL AREVEALEDCAP STK CL A · CAP STK CL C2.25%$6.2B6.01M
4AMZNAMAZON.COM INCREVEALEDhistory →COM2.20%$6.1B4.20M
5METAFACEBOOK INC-AREVEALEDhistory →CL A1.32%$3.6B22.76M
6BRK/ABERKSHIRE HATHAWAY INC-CL AREVEALEDCL A · CL B NEW1.28%$3.6B7.57M
7JPMJPMORGAN CHASE & COREVEALEDhistory →COM1.24%$3.4B31.19M
8BACBANK OF AMERICA CORPREVEALEDhistory →COM1.22%$3.4B112.06M
9JNJJOHNSON & JOHNSONREVEALEDhistory →COM1.19%$3.3B25.76M
10EXMOCEXXON MOBIL CORPREVEALEDhistory →COM1.07%$3.0B39.58M
11WFCWELLS FARGO & COREVEALEDhistory →COM0.91%$2.5B48.19M
12INTCINTEL CORPREVEALEDhistory →COM0.85%$2.4B45.29M
13CVXCHEVRON CORPREVEALEDhistory →COM0.79%$2.2B19.06M
14CSCOCISCO SYSTEMS INCREVEALEDhistory →COM0.75%$2.1B48.53M
15VVISA INC-CLASS A SHARESREVEALEDhistory →COM CL A0.75%$2.1B17.30M
16PFEPFIZER INCREVEALEDhistory →COM0.74%$2.1B57.84M
17HDHOME DEPOT INCREVEALEDhistory →COM0.74%$2.0B11.44M
18TAT&T INCREVEALEDhistory →COM0.72%$2.0B56.01M
19UBSUBS GROUP AG-REGREVEALEDhistory →SHS0.71%$2.0B112.31M
20UNHUNITEDHEALTH GROUP INCREVEALEDhistory →COM0.69%$1.9B8.95M
21VZVERIZON COMMUNICATIONS INCREVEALEDhistory →COM0.69%$1.9B39.86M
22PGPROCTER & GAMBLE CO/THEREVEALEDhistory →COM0.67%$1.9B23.43M
23CCITIGROUP INCREVEALEDhistory →COM NEW0.66%$1.8B27.08M
24MAMASTERCARD INC - AREVEALEDhistory →CL A0.59%$1.6B9.24M
25CMCSACOMCAST CORP-CLASS AREVEALEDhistory →CL A0.58%$1.6B46.93M
26MRKMERCK & CO. INC.REVEALEDhistory →COM0.56%$1.5B28.43M
27KOCOCA-COLA CO/THEREVEALEDhistory →COM0.56%$1.5B35.57M
28PEPPEPSICO INCREVEALEDhistory →COM0.56%$1.5B14.11M
29ORCLORACLE CORPREVEALEDhistory →COM0.55%$1.5B33.01M
30BLACKROCK INCREVEALEDCOM0.54%$1.5B2.74M
31DISWALT DISNEY CO/THEREVEALEDhistory →COM DISNEY0.53%$1.5B14.70M
32BABAALIBABA GROUP HOLDING-SP ADRREVEALEDhistory →SPONSORED ADS0.53%$1.5B7.98M
33IBMINTL BUSINESS MACHINES CORPREVEALEDhistory →COM0.48%$1.3B8.66M
34ABBVABBVIE INCREVEALEDhistory →COM0.47%$1.3B13.86M
35NVDANVIDIA CORPREVEALEDhistory →COM0.45%$1.2B5.35M
36MCDMCDONALD'S CORPREVEALEDhistory →COM0.43%$1.2B7.60M
37VNOVORNADO REALTY TRUSTREVEALEDhistory →SH BEN INT0.42%$1.1B17.08M
38AMGNAMGEN INCREVEALEDhistory →COM0.41%$1.1B6.73M
39DOWDUPONT INCREVEALEDCOM0.41%$1.1B17.65M
40NFLXNETFLIX INCREVEALEDhistory →COM0.40%$1.1B3.74M
41RYROYAL BANK OF CANADAREVEALEDhistory →COM0.40%$1.1B14.29M
42NEENEXTERA ENERGY INCREVEALEDhistory →COM0.38%$1.1B6.50M
43ABTABBOTT LABORATORIESREVEALEDhistory →COM0.38%$1.1B17.67M
44BXPBOSTON PROPERTIES INCREVEALEDhistory →COM0.38%$1.1B8.54M
45MMM3M COREVEALEDhistory →COM0.38%$1.1B4.79M
46UNPUNION PACIFIC CORPREVEALEDhistory →COM0.38%$1.0B7.79M
47GENERAL ELECTRIC COREVEALEDCOM0.37%$1.0B75.60M
48TDTORONTO-DOMINION BANKREVEALEDhistory →COM NEW0.37%$1.0B17.89M
49ADBEADOBE SYSTEMS INCREVEALEDhistory →COM0.36%$991M4.59M
50TXNTEXAS INSTRUMENTS INCREVEALEDhistory →COM0.35%$969M9.33M
51GILDGILEAD SCIENCES INCREVEALEDhistory →COM0.35%$968M12.83M
52MDTMEDTRONIC PLCREVEALEDhistory →SHS0.35%$964M12.01M
53BMYBRISTOL-MYERS SQUIBB COREVEALEDhistory →COM0.35%$954M15.08M
54BKNGBOOKING HOLDINGS INCREVEALEDhistory →COM0.34%$947M455.0K
55UTXZUNITED TECHNOLOGIES CORPREVEALEDhistory →COM0.33%$907M7.20M
56SLBSCHLUMBERGER LTDREVEALEDhistory →COM0.32%$871M13.44M
57BROADCOM LTDREVEALEDSHS0.31%$866M3.68M
58ACNACCENTURE PLC-CL AREVEALEDhistory →SHS CLASS A0.31%$854M5.56M
59CRMSALESFORCE.COM INCREVEALEDhistory →COM0.31%$849M7.30M
60TMOTHERMO FISHER SCIENTIFIC INCREVEALEDhistory →COM0.30%$826M4.00M
61MSMORGAN STANLEYREVEALEDhistory →COM NEW0.29%$794M14.71M
62BNSBANK OF NOVA SCOTIAREVEALEDhistory →COM0.29%$793M12.88M
63PYPLPAYPAL HOLDINGS INCREVEALEDhistory →COM0.28%$776M10.22M
64QCOMQUALCOMM INCREVEALEDhistory →COM0.28%$775M13.99M
65AMPAMERIPRISE FINANCIAL INCREVEALEDhistory →COM0.28%$767M5.18M
66NKENIKE INC -CL BREVEALEDhistory →CL B0.28%$763M11.48M
67USBUS BANCORPREVEALEDhistory →COM NEW0.27%$751M14.88M
68SBUXSTARBUCKS CORPREVEALEDhistory →COM0.27%$741M12.80M
69COSTCOSTCO WHOLESALE CORPREVEALEDhistory →COM0.27%$732M3.89M
70CATCATERPILLAR INCREVEALEDhistory →COM0.26%$731M4.96M
71COPCONOCOPHILLIPSREVEALEDhistory →COM0.26%$720M12.14M
72PNCPNC FINANCIAL SERVICES GROUPREVEALEDhistory →COM0.26%$719M4.75M
73LEALEAR CORPREVEALEDhistory →COM NEW0.26%$714M3.84M
74LLYELI LILLY & COREVEALEDhistory →COM0.25%$700M9.05M
75AIGAMERICAN INTERNATIONAL GROUPREVEALEDhistory →COM NEW0.25%$694M12.76M
76LOWLOWE'S COS INCREVEALEDhistory →COM0.25%$681M7.76M
77TIME WARNER INCREVEALEDCOM NEW0.24%$657M6.95M
78DHRDANAHER CORPREVEALEDhistory →COM0.23%$647M6.61M
79CELGCELGENE CORPREVEALEDhistory →COM0.23%$645M7.23M
80MDLZMONDELEZ INTERNATIONAL INC-AREVEALEDhistory →CL A0.23%$633M15.17M
81GSGOLDMAN SACHS GROUP INCREVEALEDhistory →COM0.23%$630M2.50M
82ETNEATON CORP PLCREVEALEDhistory →SHS0.23%$626M7.83M
83ITWILLINOIS TOOL WORKSREVEALEDhistory →COM0.23%$624M3.98M
84CVSCVS HEALTH CORPREVEALEDhistory →COM0.23%$622M10.00M
85EQIXEQUINIX INCREVEALEDhistory →COM PAR $0.0010.23%$622M1.49M
86AXPAMERICAN EXPRESS COREVEALEDhistory →COM0.22%$616M6.60M
87MUMICRON TECHNOLOGY INCREVEALEDhistory →COM0.22%$613M11.76M
88DEDEERE & COREVEALEDhistory →COM0.22%$612M3.94M
89SRESEMPRA ENERGYREVEALEDhistory →COM0.22%$610M5.48M
90GGP INCREVEALEDCOM0.22%$606M29.64M
91RAYTHEON COMPANYREVEALEDCOM NEW0.22%$602M2.79M
92ALLERGAN PLCREVEALEDSHS0.22%$601M3.57M
93CLCOLGATE-PALMOLIVE COREVEALEDhistory →COM0.22%$599M8.36M
94PRUPRUDENTIAL FINANCIAL INCREVEALEDhistory →COM0.21%$585M5.65M
95BIIBBIOGEN INCREVEALEDhistory →COM0.21%$581M2.12M
96EOGEOG RESOURCES INCREVEALEDhistory →COM0.21%$580M5.51M
97WBAWALGREENS BOOTS ALLIANCE INCREVEALEDhistory →COM0.21%$574M8.77M
98SUSUNCOR ENERGY INCREVEALEDhistory →COM0.21%$573M16.61M
99PHPARKER HANNIFIN CORPREVEALEDhistory →COM0.21%$567M3.31M
100AMATAPPLIED MATERIALS INCREVEALEDhistory →COM0.20%$554M9.96M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$01May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$934.8B1,577Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$01Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$801.1B1,707Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025REVEALED$712.5B1,744May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$762.1B1,845Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024REVEALED$715.9B1,840Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$669.4B1,930Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024REVEALED$633.6B1,886May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$572.3B1,942Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023REVEALED$492.8B1,967Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023REVEALED$506.7B2,008Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023REVEALED$456.9B2,088May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$414.9B2,130Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022REVEALED$376.1B2,090Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022REVEALED$386.8B2,053Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022REVEALED$458.8B2,163May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021REVEALED$486.4B2,205Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021REVEALED$452.0B2,271Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$461.3B2,207Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021REVEALED$436.8B2,128May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020REVEALED$428.3B2,111Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020REVEALED$376.4B2,129Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020REVEALED$347.3B2,077Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020REVEALED$280.6B2,047May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019REVEALED$358.4B2,075Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019REVEALED$326.5B2,093Nov 8, 201913F-HRchanges · EDGAR ↗
Q2 2019REVEALED$323.6B2,106Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019REVEALED$309.5B2,127May 9, 2019RESTATEMENTchanges · EDGAR ↗
Q4 2018REVEALED$268.8B2,125Feb 8, 201913F-HRchanges · EDGAR ↗
Q3 2018$307.9B2,142Dec 2, 2019RESTATEMENTchanges · EDGAR ↗
Q2 2018REVEALED$291.3B2,134Aug 12, 2019NEW HOLDINGSchanges · EDGAR ↗
Q1 2018REVEALED$276.4B2,144May 15, 2019NEW HOLDINGSchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.