SEC 13F Intelligence

Managers / Q2 2018 · view latest →

NORGES BANK

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

Reported Value
$291.3B
Q2 2018
Positions
2,134
includes revealed positions
Filings on Record
58
2019–present window
Filed
Aug 12, 2019
amendment (NEW HOLDINGS)

Summary

Norges Bank reported $291.3B in U.S.-listed holdings across 2,134 positions for Q2 2018.

Its largest position, AAPL, represents 3.1% of the portfolio.

Compared with Q1 2018, the fund opened 86 new positions and exited 96.

Portfolio Metrics

Turnover
+4.3%
vs prior filed quarter
Top-10 Concentration
+17.6%
share of reported value
Largest Position
+3.1%
Apple
New / Exited
86 / 96
positions this quarter

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: 87.3%Other: 6.2%REIT: 4.6%ADR: 1.8%Closed-End Fund: 0.1%Other: 0.1%
  • Common Stock · 87.3% · $254.2B
  • Other · 6.2% · $18.0B
  • REIT · 4.6% · $13.3B
  • ADR · 1.8% · $5.2B
  • Closed-End Fund · 0.1% · $322M
  • Other · 0.1% · $243M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AVGOBROADCOM INCREVEALEDNEW+3.74M3.74M+$908M$908M
AXA EQUITABLE HOLDINGS INCREVEALEDNEW+16.48M16.48M+$340M$340M
QURATE RETAIL INCREVEALEDNEW+4.34M4.34M+$92M$92M
WHWYNDHAM HOTELS & RESORTS INCREVEALEDNEW+1.16M1.16M+$68M$68M
GREENSKY INC-CLASS AREVEALEDNEW+2.48M2.48M+$52M$52M
ASGN INCREVEALEDNEW+660.4K660.4K+$52M$52M
NVTNVENT ELECTRIC PLCREVEALEDNEW+2.05M2.05M+$52M$52M
MCDIFMCDERMOTT INTL INCREVEALEDNEW+2.16M2.16M+$43M$43M

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

Holdings — Q2 2018REVEALED

498 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INCREVEALEDhistory →COM3.07%$8.9B48.27M
2MSFTMICROSOFT CORPREVEALEDhistory →COM2.52%$7.3B74.41M
3AMZNAMAZON.COM INCREVEALEDhistory →COM2.51%$7.3B4.30M
4GOOGLALPHABET INC-CL AREVEALEDCAP STK CL A · CAP STK CL C2.36%$6.9B6.12M
5METAFACEBOOK INC-AREVEALEDhistory →CL A1.54%$4.5B23.06M
6BRK/ABERKSHIRE HATHAWAY INC-CL AREVEALEDCL A · CL B NEW1.21%$3.5B9.02M
7EXMOCEXXON MOBIL CORPREVEALEDhistory →COM1.14%$3.3B40.11M
8JPMJPMORGAN CHASE & COREVEALEDhistory →COM1.11%$3.2B31.03M
9BACBANK OF AMERICA CORPREVEALEDhistory →COM1.09%$3.2B112.87M
10JNJJOHNSON & JOHNSONREVEALEDhistory →COM1.08%$3.1B25.86M
11WFCWELLS FARGO & COREVEALEDhistory →COM0.92%$2.7B48.26M
12CVXCHEVRON CORPREVEALEDhistory →COM0.82%$2.4B18.84M
13VVISA INC-CLASS A SHARESREVEALEDhistory →COM CL A0.80%$2.3B17.51M
14BABAALIBABA GROUP HOLDING-SP ADRREVEALEDhistory →SPONSORED ADS0.79%$2.3B12.37M
15INTCINTEL CORPREVEALEDhistory →COM0.77%$2.3B45.38M
16HDHOME DEPOT INCREVEALEDhistory →COM0.77%$2.2B11.51M
17UNHUNITEDHEALTH GROUP INCREVEALEDhistory →COM0.77%$2.2B9.12M
18TAT&T INCREVEALEDhistory →COM0.73%$2.1B66.38M
19CSCOCISCO SYSTEMS INCREVEALEDhistory →COM0.72%$2.1B48.48M
20PFEPFIZER INCREVEALEDhistory →COM0.71%$2.1B56.91M
21VZVERIZON COMMUNICATIONS INCREVEALEDhistory →COM0.70%$2.1B40.76M
22PGPROCTER & GAMBLE CO/THEREVEALEDhistory →COM0.65%$1.9B24.14M
23CCITIGROUP INCREVEALEDhistory →COM NEW0.63%$1.8B27.46M
24MAMASTERCARD INC - AREVEALEDhistory →CL A0.60%$1.8B8.96M
25MRKMERCK & CO. INC.REVEALEDhistory →COM0.60%$1.8B28.94M
26UBSUBS GROUP AG-REGREVEALEDhistory →SHS0.58%$1.7B109.93M
27KOCOCA-COLA CO/THEREVEALEDhistory →COM0.54%$1.6B36.16M
28NFLXNETFLIX INCREVEALEDhistory →COM0.54%$1.6B4.04M
29PEPPEPSICO INCREVEALEDhistory →COM0.54%$1.6B14.49M
30DISWALT DISNEY CO/THEREVEALEDhistory →COM DISNEY0.53%$1.5B14.70M
31CMCSACOMCAST CORP-CLASS AREVEALEDhistory →CL A0.53%$1.5B46.92M
32ORCLORACLE CORPREVEALEDhistory →COM0.49%$1.4B32.49M
33BLACKROCK INCREVEALEDCOM0.47%$1.4B2.75M
34ABBVABBVIE INCREVEALEDhistory →COM0.45%$1.3B14.29M
35NVDANVIDIA CORPREVEALEDhistory →COM0.45%$1.3B5.56M
36VNOVORNADO REALTY TRUSTREVEALEDhistory →SH BEN INT0.43%$1.3B17.08M
37IBMINTL BUSINESS MACHINES CORPREVEALEDhistory →COM0.42%$1.2B8.66M
38MCDMCDONALD'S CORPREVEALEDhistory →COM0.41%$1.2B7.64M
39AMGNAMGEN INCREVEALEDhistory →COM0.41%$1.2B6.42M
40ADBEADOBE SYSTEMS INCREVEALEDhistory →COM0.39%$1.1B4.68M
41RYROYAL BANK OF CANADAREVEALEDhistory →COM0.39%$1.1B15.09M
42ABTABBOTT LABORATORIESREVEALEDhistory →COM0.39%$1.1B18.41M
43UNPUNION PACIFIC CORPREVEALEDhistory →COM0.38%$1.1B7.85M
44NEENEXTERA ENERGY INCREVEALEDhistory →COM0.38%$1.1B6.65M
45EQREQUITY RESIDENTIALREVEALEDhistory →SH BEN INT0.38%$1.1B17.43M
46BXPBOSTON PROPERTIES INCREVEALEDhistory →COM0.37%$1.1B8.54M
47TDTORONTO-DOMINION BANKREVEALEDhistory →COM NEW0.36%$1.0B18.11M
48DOWDUPONT INCREVEALEDCOM0.36%$1.0B15.79M
49MDTMEDTRONIC PLCREVEALEDhistory →SHS0.35%$1.0B12.05M
50TXNTEXAS INSTRUMENTS INCREVEALEDhistory →COM0.35%$1.0B9.24M
51CRMSALESFORCE.COM INCREVEALEDhistory →COM0.35%$1.0B7.47M
52GENERAL ELECTRIC COREVEALEDCOM0.34%$981M72.07M
53MMM3M COREVEALEDhistory →COM0.33%$961M4.89M
54BKNGBOOKING HOLDINGS INCREVEALEDhistory →COM0.32%$939M463.3K
55ACNACCENTURE PLC-CL AREVEALEDhistory →SHS CLASS A0.32%$929M5.68M
56NKENIKE INC -CL BREVEALEDhistory →CL B0.31%$909M11.41M
57AVGOBROADCOM INCREVEALEDhistory →COM0.31%$908M3.74M
58SLBSCHLUMBERGER LTDREVEALEDhistory →COM0.31%$904M13.48M
59UTXZUNITED TECHNOLOGIES CORPREVEALEDhistory →COM0.31%$904M7.23M
60GILDGILEAD SCIENCES INCREVEALEDhistory →COM0.31%$896M12.64M
61PYPLPAYPAL HOLDINGS INCREVEALEDhistory →COM0.30%$870M10.45M
62BMYBRISTOL-MYERS SQUIBB COREVEALEDhistory →COM0.29%$837M15.12M
63COPCONOCOPHILLIPSREVEALEDhistory →COM0.28%$823M11.82M
64COSTCOSTCO WHOLESALE CORPREVEALEDhistory →COM0.28%$818M3.92M
65TMOTHERMO FISHER SCIENTIFIC INCREVEALEDhistory →COM0.28%$817M3.95M
66QCOMQUALCOMM INCREVEALEDhistory →COM0.27%$783M13.96M
67LLYELI LILLY & COREVEALEDhistory →COM0.27%$775M9.08M
68LOWLOWE'S COS INCREVEALEDhistory →COM0.26%$762M7.97M
69LEALEAR CORPREVEALEDhistory →COM NEW0.26%$759M4.08M
70BIDUBAIDU INC - SPON ADRREVEALEDhistory →SPON ADR REP A0.26%$755M3.11M
71USBUS BANCORPREVEALEDhistory →COM NEW0.26%$747M14.94M
72AMPAMERIPRISE FINANCIAL INCREVEALEDhistory →COM0.25%$733M5.24M
73BNSBANK OF NOVA SCOTIAREVEALEDhistory →COM0.25%$730M12.91M
74EOGEOG RESOURCES INCREVEALEDhistory →COM0.24%$710M5.70M
75CATCATERPILLAR INCREVEALEDhistory →COM0.24%$700M5.16M
76MSMORGAN STANLEYREVEALEDhistory →COM NEW0.23%$683M14.41M
77MDLZMONDELEZ INTERNATIONAL INC-AREVEALEDhistory →CL A0.23%$676M16.50M
78SUSUNCOR ENERGY INCREVEALEDhistory →COM0.23%$675M16.61M
79SRESEMPRA ENERGYREVEALEDhistory →COM0.23%$675M5.82M
80DHRDANAHER CORPREVEALEDhistory →COM0.23%$673M6.82M
81SBUXSTARBUCKS CORPREVEALEDhistory →COM0.23%$666M13.63M
82CVSCVS HEALTH CORPREVEALEDhistory →COM0.22%$653M10.15M
83TWENTY-FIRST CENTURY FOX - BREVEALEDCL B0.22%$647M13.13M
84PNCPNC FINANCIAL SERVICES GROUPREVEALEDhistory →COM0.22%$634M4.69M
85AXPAMERICAN EXPRESS COREVEALEDhistory →COM0.22%$634M6.47M
86BIIBBIOGEN INCREVEALEDhistory →COM0.22%$630M2.17M
87MUMICRON TECHNOLOGY INCREVEALEDhistory →COM0.21%$614M11.71M
88ALLERGAN PLCREVEALEDSHS0.21%$606M3.63M
89GGP INCREVEALEDCOM0.21%$606M29.64M
90OXYOCCIDENTAL PETROLEUM CORPREVEALEDhistory →COM0.20%$590M7.05M
91ELVANTHEM INCREVEALEDhistory →COM0.20%$588M2.47M
92AETNA INCREVEALEDCOM0.20%$585M3.19M
93ENBENBRIDGE INCREVEALEDhistory →COM0.20%$582M16.28M
94BSXBOSTON SCIENTIFIC CORPREVEALEDhistory →COM0.20%$580M17.74M
95CELGCELGENE CORPREVEALEDhistory →COM0.20%$576M7.25M
96EQIXEQUINIX INCREVEALEDhistory →COM PAR $0.0010.20%$573M1.33M
97TJXTJX COMPANIES INCREVEALEDhistory →COM0.19%$566M5.94M
98ITWILLINOIS TOOL WORKSREVEALEDhistory →COM0.19%$564M4.07M
99PRUPRUDENTIAL FINANCIAL INCREVEALEDhistory →COM0.19%$557M5.96M
100DEDEERE & COREVEALEDhistory →COM0.19%$557M3.98M

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 ↗.