SEC 13F Intelligence

Managers / Q2 2020 · view latest →

NORGES BANK

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

Reported Value
$323.6B
Q2 2020
Positions
2,106
includes revealed positions
Filings on Record
58
2019–present window
Filed
Aug 7, 2020
original filing

Summary

Norges Bank reported $323.6B in U.S.-listed holdings across 2,106 positions for Q2 2020.

Its largest position, MSFT, represents 3.2% of the portfolio.

Compared with Q1 2020, the fund opened 62 new positions and exited 82.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+16.9%
share of reported value
Largest Position
+3.2%
Microsoft
New / Exited
62 / 82
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. 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
Q4 ’18: $0Q4 ’18Q1 ’19: $276.4BQ2 ’19: $291.3BQ3 ’19: $307.9BQ4 ’19: $0Q4 ’19Q1 ’20: $309.5BQ2 ’20: $323.6BQ3 ’20: $326.5BQ4 ’20: $0Q4 ’20Q1 ’21: $280.6BQ2 ’21: $347.3BQ3 ’21: $376.4BQ4 ’21: $0Q4 ’21Q1 ’22: $436.8BQ2 ’22: $461.3BQ3 ’22: $452.0BQ4 ’22: $414.9BQ4 ’22Q1 ’23: $0Q2 ’23: $386.8BQ3 ’23: $376.1BQ4 ’23: $572.3BQ4 ’23Q1 ’24: $456.9BQ2 ’24: $1.18TQ3 ’24: $492.8BQ4 ’24: $762.1BQ4 ’24Q1 ’25: $633.6BQ2 ’25: $801.1BQ3 ’25: $0Q4 ’25: $934.8BQ4 ’25Q1 ’26: $0filingsflow.com

Portfolio Composition

By security type
Common Stock: 85.5%Other: 7.4%REIT: 5.2%ADR: 1.7%Tracking Stk: 0.1%Other: 0.1%
  • Common Stock · 85.5% · $276.7B
  • Other · 7.4% · $23.9B
  • REIT · 5.2% · $16.9B
  • ADR · 1.7% · $5.5B
  • Tracking Stk · 0.1% · $311M
  • Other · 0.1% · $365M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ALCON INCREVEALEDNEW+10.26M10.26M+$635M$635M
DWDPEURDUPONT DE NEMOURS INCREVEALEDNEW+7.11M7.11M+$534M$534M
TRPTC ENERGY CORPREVEALEDNEW+8.88M8.88M+$441M$441M
DOWDOW INCREVEALEDNEW+7.28M7.28M+$359M$359M
UBERUBER TECHNOLOGIES INCREVEALEDNEW+3.95M3.95M+$183M$183M
CTVACORTEVA INCREVEALEDNEW+5.97M5.97M+$177M$177M
AMCOR PLCREVEALEDNEW+6.52M6.52M+$75M$75M
MFGPUSDMICRO FOCUS INTL-SPN ADRREVEALEDNEW+2.11M2.11M+$55M$55M

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

Holdings — Q2 2020REVEALED

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPREVEALEDhistory →COM3.20%$10.4B77.31M
2AAPLAPPLE INCREVEALEDhistory →COM2.97%$9.6B48.54M
3AMZNAMAZON.COM INCREVEALEDhistory →COM2.59%$8.4B4.42M
4GOOGLALPHABET INC-CL AREVEALEDCAP STK CL A · CAP STK CL C2.25%$7.3B6.74M
5METAFACEBOOK INC-CLASS AREVEALEDhistory →CL A1.59%$5.1B26.65M
6BRK/BBERKSHIRE HATHAWAY INC-CL BREVEALEDCL B NEW · CL A1.39%$4.5B11.35M
7JNJJOHNSON & JOHNSONREVEALEDhistory →COM1.22%$3.9B28.36M
8JPMJPMORGAN CHASE & COREVEALEDhistory →COM1.06%$3.4B30.63M
9EXMOCEXXON MOBIL CORPREVEALEDhistory →COM1.01%$3.3B42.52M
10VVISA INC-CLASS A SHARESREVEALEDhistory →COM CL A0.97%$3.1B18.08M
11BACBANK OF AMERICA CORPREVEALEDhistory →COM0.92%$3.0B103.16M
12PGPROCTER & GAMBLE CO/THEREVEALEDhistory →COM0.90%$2.9B26.53M
13LINDE PLCREVEALEDSHS0.86%$2.8B13.88M
14CSCOCISCO SYSTEMS INCREVEALEDhistory →COM0.84%$2.7B49.54M
15BABAALIBABA GROUP HOLDING-SP ADRREVEALEDhistory →SPONSORED ADS0.81%$2.6B15.38M
16CHVCHEVRON CORPREVEALEDhistory →COM0.80%$2.6B20.73M
17PFEPFIZER INCREVEALEDhistory →COM0.79%$2.6B59.31M
18BACVERIZON COMMUNICATIONS INCREVEALEDhistory →COM0.79%$2.6B44.66M
19DISWALT DISNEY CO/THEREVEALEDhistory →COM DISNEY0.78%$2.5B18.14M
20HDHOME DEPOT INCREVEALEDhistory →COM0.76%$2.5B11.83M
21TAT&T INCREVEALEDhistory →COM0.74%$2.4B71.79M
22MAMASTERCARD INC - AREVEALEDhistory →CL A0.74%$2.4B9.03M
23UNHUNITEDHEALTH GROUP INCREVEALEDhistory →COM0.72%$2.3B9.54M
24MRKMERCK & CO. INC.REVEALEDhistory →COM0.72%$2.3B27.65M
25INTCINTEL CORPREVEALEDhistory →COM0.71%$2.3B48.13M
26TRVCCITIGROUP INCREVEALEDhistory →COM NEW0.65%$2.1B30.18M
27WFCWELLS FARGO & COREVEALEDhistory →COM0.63%$2.0B42.90M
28CMCSACOMCAST CORP-CLASS AREVEALEDhistory →CL A0.61%$2.0B46.56M
29PEPPEPSICO INCREVEALEDhistory →COM0.58%$1.9B14.39M
30KOCOCA-COLA CO/THEREVEALEDhistory →COM0.58%$1.9B36.70M
31MCDMCDONALD'S CORPREVEALEDhistory →COM0.50%$1.6B7.80M
32ABTABBOTT LABORATORIESREVEALEDhistory →COM0.47%$1.5B17.90M
33NFLXNETFLIX INCREVEALEDhistory →COM0.45%$1.5B3.98M
34EQREQUITY RESIDENTIALREVEALEDhistory →SH BEN INT0.44%$1.4B18.93M
35NEENEXTERA ENERGY INCREVEALEDhistory →COM0.43%$1.4B6.75M
36BXPBOSTON PROPERTIES INCREVEALEDhistory →COM0.42%$1.4B10.63M
37ADBEADOBE INCREVEALEDhistory →COM0.41%$1.3B4.49M
38UBS GROUP AG-REGREVEALEDSHS0.41%$1.3B110.86M
39ORCLORACLE CORPREVEALEDhistory →COM0.41%$1.3B23.14M
40MEDTRONIC PLCREVEALEDSHS0.40%$1.3B13.39M
41UNPUNION PACIFIC CORPREVEALEDhistory →COM0.39%$1.3B7.52M
42PYPLPAYPAL HOLDINGS INCREVEALEDhistory →COM0.39%$1.3B11.07M
43IBMINTL BUSINESS MACHINES CORPREVEALEDhistory →COM0.38%$1.2B8.99M
44AMGNAMGEN INCREVEALEDhistory →COM0.38%$1.2B6.70M
45COSTCOSTCO WHOLESALE CORPREVEALEDhistory →COM0.37%$1.2B4.51M
46ACCENTURE PLC-CL AREVEALEDSHS CLASS A0.36%$1.2B6.34M
47VNOVORNADO REALTY TRUSTREVEALEDhistory →SH BEN INT0.36%$1.2B18.08M
48RYROYAL BANK OF CANADAREVEALEDhistory →COM0.36%$1.2B14.53M

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$633.6B1,886May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$762.1B1,845Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024REVEALED$492.8B1,967Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024REVEALED$1.18T3,937Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024REVEALED$456.9B2,088May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$572.3B1,942Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023REVEALED$376.1B2,090Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023REVEALED$386.8B2,053Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$01May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$414.9B2,130Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022REVEALED$452.0B2,271Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022REVEALED$461.3B2,207Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022REVEALED$436.8B2,128May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$01Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021REVEALED$376.4B2,129Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$347.3B2,077Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021REVEALED$280.6B2,047May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$01Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020REVEALED$326.5B2,093Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020REVEALED$323.6B2,106Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020REVEALED$309.5B2,127May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$01Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019REVEALED$307.9B2,143Nov 8, 201913F-HRchanges · EDGAR ↗
Q2 2019REVEALED$291.3B2,135Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019REVEALED$276.4B2,145May 9, 2019RESTATEMENTchanges · EDGAR ↗
Q4 2018$01Feb 8, 201913F-HRchanges · 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 ↗.