SEC 13F Intelligence

Managers / Q3 2018 · view latest →

NORGES BANK

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

Reported Value
$307.9B
Q3 2018
Positions
2,142
Filings on Record
58
2019–present window
Filed
Dec 2, 2019
amendment (RESTATEMENT)

Summary

Norges Bank reported $307.9B in U.S.-listed holdings across 2,142 positions for Q3 2018.

Its largest position, AAPL, represents 3.5% of the portfolio.

Compared with Q2 2018, the fund opened 87 new positions and exited 79.

Portfolio Metrics

Turnover
+3.6%
vs prior filed quarter
Top-10 Concentration
+18.6%
share of reported value
Largest Position
+3.5%
Apple
New / Exited
87 / 79
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: 88.5%Other: 5.4%REIT: 4.3%ADR: 1.6%Closed-End Fund: 0.1%Other: 0.1%
  • Common Stock · 88.5% · $272.5B
  • Other · 5.4% · $16.6B
  • REIT · 4.3% · $13.4B
  • ADR · 1.6% · $4.9B
  • Closed-End Fund · 0.1% · $300M
  • Other · 0.1% · $244M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NIONIO INC - ADRNEW+19.75M19.75M+$138M$138M
BHCBAUSCH HEALTH COS INCNEW+3.05M3.05M+$78M$78M
FTCHQFARFETCH LTD-CLASS ANEW+2.50M2.50M+$68M$68M
ELANELANCO ANIMAL HEALTH INCNEW+1.52M1.52M+$53M$53M
STRASTRATEGIC EDUCATION INCNEW+372.7K372.7K+$51M$51M
DOCUDOCUSIGN INCNEW+950.0K950.0K+$50M$50M
AVNSAVANOS MEDICAL INCNEW+622.9K622.9K+$43M$43M
BROOKFIELD PROPERTY REIT I-ANEW+1.96M1.96M+$41M$41M

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

Holdings — Q3 2018

498 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM3.53%$10.9B48.14M
2AMZNAMAZON.COM INChistory →COM2.79%$8.6B4.29M
3MSFTMICROSOFT CORPhistory →COM2.77%$8.5B74.66M
4GOOGLALPHABET INC-CL ACAP STK CL A · CAP STK CL C2.48%$7.6B6.35M
5METAFACEBOOK INC-Ahistory →CL A1.29%$4.0B24.18M
6BRK/BBERKSHIRE HATHAWAY INC-CL BCL B NEW · CL A1.29%$4.0B9.51M
7JNJJOHNSON & JOHNSONhistory →COM1.16%$3.6B25.95M
8JPMJPMORGAN CHASE & COhistory →COM1.13%$3.5B30.76M
9EXMOCEXXON MOBIL CORPhistory →COM1.11%$3.4B40.24M
10BACBANK OF AMERICA CORPhistory →COM1.04%$3.2B108.47M
11VVISA INC-CLASS A SHAREShistory →COM CL A0.86%$2.7B17.72M
12PFEPFIZER INChistory →COM0.82%$2.5B56.96M
13UNHUNITEDHEALTH GROUP INChistory →COM0.80%$2.5B9.30M
14TAT&T INChistory →COM0.78%$2.4B71.76M
15CSCOCISCO SYSTEMS INChistory →COM0.78%$2.4B49.30M
16HDHOME DEPOT INChistory →COM0.77%$2.4B11.47M
17WFCWELLS FARGO & COhistory →COM0.76%$2.3B44.65M
18CVXCHEVRON CORPhistory →COM0.76%$2.3B19.14M
19VZVERIZON COMMUNICATIONS INChistory →COM0.74%$2.3B42.50M
20BABAALIBABA GROUP HOLDING-SP ADRhistory →SPONSORED ADS0.68%$2.1B12.79M
21INTCINTEL CORPhistory →COM0.68%$2.1B44.49M
22MRKMERCK & CO. INC.history →COM0.66%$2.0B28.77M
23MAMASTERCARD INC - Ahistory →CL A0.66%$2.0B9.09M
24PGPROCTER & GAMBLE CO/THEhistory →COM0.65%$2.0B24.16M
25CCITIGROUP INChistory →COM NEW0.61%$1.9B25.99M
26DISWALT DISNEY CO/THEhistory →COM DISNEY0.55%$1.7B14.41M
27KOCOCA-COLA CO/THEhistory →COM0.54%$1.7B36.16M
28CMCSACOMCAST CORP-CLASS Ahistory →CL A0.52%$1.6B45.23M
29NFLXNETFLIX INChistory →COM0.52%$1.6B4.27M
30PEPPEPSICO INChistory →COM0.52%$1.6B14.22M
31NVDANVIDIA CORPhistory →COM0.51%$1.6B5.58M
32UBSUBS GROUP AG-REGhistory →SHS0.51%$1.6B98.16M
33ORCLORACLE CORPhistory →COM0.48%$1.5B28.38M
34ABBVABBVIE INChistory →COM0.43%$1.3B14.11M
35AMGNAMGEN INChistory →COM0.43%$1.3B6.33M
36ABTABBOTT LABORATORIEShistory →COM0.42%$1.3B17.75M
37BLACKROCK INCCOM0.42%$1.3B2.75M
38IBMINTL BUSINESS MACHINES CORPhistory →COM0.42%$1.3B8.51M
39MCDMCDONALD'S CORPhistory →COM0.41%$1.3B7.61M
40UNPUNION PACIFIC CORPhistory →COM0.41%$1.3B7.77M
41ADBEADOBE SYSTEMS INChistory →COM0.41%$1.3B4.69M
42VNOVORNADO REALTY TRUSThistory →SH BEN INT0.40%$1.2B17.08M
43RYROYAL BANK OF CANADAhistory →COM0.39%$1.2B15.03M
44MDTMEDTRONIC PLChistory →SHS0.39%$1.2B12.22M
45EQREQUITY RESIDENTIALhistory →SH BEN INT0.38%$1.2B17.43M
46CRMSALESFORCE.COM INChistory →COM0.37%$1.1B7.08M
47NEENEXTERA ENERGY INChistory →COM0.36%$1.1B6.65M
48TDTORONTO-DOMINION BANKhistory →COM NEW0.36%$1.1B18.22M
49DOWDUPONT INCCOM0.35%$1.1B16.58M
50BXPBOSTON PROPERTIES INChistory →COM0.35%$1.1B8.63M
51MMM3M COhistory →COM0.33%$1.0B4.86M
52UTXZUNITED TECHNOLOGIES CORPhistory →COM0.33%$1.0B7.17M
53NKENIKE INC -CL Bhistory →CL B0.32%$996M11.75M
54TXNTEXAS INSTRUMENTS INChistory →COM0.32%$979M9.12M
55ACNACCENTURE PLC-CL Ahistory →SHS CLASS A0.32%$976M5.74M
56GILDGILEAD SCIENCES INChistory →COM0.32%$976M12.64M
57LLYELI LILLY & COhistory →COM0.32%$975M9.08M
58TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.32%$974M3.99M
59AVGOBROADCOM INChistory →COM0.32%$970M3.93M
60BMYBRISTOL-MYERS SQUIBB COhistory →COM0.31%$942M15.17M
61PYPLPAYPAL HOLDINGS INChistory →COM0.30%$933M10.62M
62COSTCOSTCO WHOLESALE CORPhistory →COM0.30%$921M3.92M
63QCOMQUALCOMM INChistory →COM0.30%$910M12.63M
64COPCONOCOPHILLIPShistory →COM0.29%$907M11.71M
65LOWLOWE'S COS INChistory →COM0.29%$902M7.86M
66BKNGBOOKING HOLDINGS INChistory →COM0.29%$897M452.1K
67USBUS BANCORPhistory →COM NEW0.27%$839M15.88M
68SLBSCHLUMBERGER LTDhistory →COM0.27%$822M13.49M
69GENERAL ELECTRIC COCOM0.26%$806M71.35M
70CATCATERPILLAR INChistory →COM0.26%$791M5.19M
71CVSCVS HEALTH CORPhistory →COM0.25%$781M9.92M
72DHRDANAHER CORPhistory →COM0.25%$766M7.05M
73BIIBBIOGEN INChistory →COM0.25%$764M2.16M
74BNSBANK OF NOVA SCOTIAhistory →COM0.25%$760M12.76M
75SBUXSTARBUCKS CORPhistory →COM0.25%$755M13.28M
76EOGEOG RESOURCES INChistory →COM0.24%$736M5.77M
77AXPAMERICAN EXPRESS COhistory →COM0.24%$730M6.85M
78BIDUBAIDU INC - SPON ADRhistory →SPON ADR REP A0.23%$721M3.15M
79MDLZMONDELEZ INTERNATIONAL INC-Ahistory →CL A0.23%$715M16.65M
80SRESEMPRA ENERGYhistory →COM0.23%$714M6.28M
81MSMORGAN STANLEYhistory →COM NEW0.22%$692M14.86M
82BSXBOSTON SCIENTIFIC CORPhistory →COM0.22%$689M17.90M
83PRUPRUDENTIAL FINANCIAL INChistory →COM0.22%$687M6.78M
84CELGCELGENE CORPhistory →COM0.22%$684M7.64M
85ELVANTHEM INChistory →COM0.22%$676M2.47M
86TJXTJX COMPANIES INChistory →COM0.22%$671M5.99M
87ALLERGAN PLCSHS0.22%$669M3.51M
88AMPAMERIPRISE FINANCIAL INChistory →COM0.21%$660M4.47M
89AETNA INCCOM0.21%$646M3.19M
90SUSUNCOR ENERGY INChistory →COM0.21%$638M16.51M
91WBAWALGREENS BOOTS ALLIANCE INChistory →COM0.21%$636M8.73M
92PNCPNC FINANCIAL SERVICES GROUPhistory →COM0.21%$635M4.66M
93OXYOCCIDENTAL PETROLEUM CORPhistory →COM0.20%$610M7.42M
94BDXBECTON DICKINSON AND COhistory →COM0.19%$600M2.30M
95TWENTY-FIRST CENTURY FOX - BCL B0.19%$597M13.03M
96ETNEATON CORP PLChistory →SHS0.19%$595M6.86M
97ISRGINTUITIVE SURGICAL INChistory →COM NEW0.19%$595M1.04M
98TMUST-MOBILE US INChistory →COM0.19%$595M8.48M
99DEDEERE & COhistory →COM0.19%$587M3.90M
100LEALEAR CORPhistory →COM NEW0.19%$585M4.04M

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 ↗.