SEC 13F Intelligence

Managers / Q1 2021 · view latest →

NORGES BANK

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

Reported Value
$280.6B
Q1 2021
Positions
2,047
includes revealed positions
Filings on Record
58
2019–present window
Filed
May 7, 2021
original filing

Summary

Norges Bank reported $280.6B in U.S.-listed holdings across 2,047 positions for Q1 2021.

Its largest position, AAPL, represents 7.9% of the portfolio.

Compared with Q4 2020, the fund opened 2047 new positions and exited 0.

Portfolio Metrics

Turnover
0.0%
vs prior filed quarter
Top-10 Concentration
+41.5%
share of reported value
Largest Position
+7.9%
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. 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: 85.3%Other: 6.4%REIT: 5.1%ADR: 3.0%Tracking Stk: 0.1%Other: 0.1%
  • Common Stock · 85.3% · $604.8B
  • Other · 6.4% · $45.7B
  • REIT · 5.1% · $36.2B
  • ADR · 3.0% · $21.2B
  • Tracking Stk · 0.1% · $556M
  • Other · 0.1% · $494M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MSFTMICROSOFT CORPREVEALEDNEW+78.74M78.74M+$12.4B$12.4B
AAPLAPPLE INCREVEALEDNEW+43.16M43.16M+$11.0B$11.0B
AMZNAMAZON COM INCREVEALEDNEW+4.57M4.57M+$8.9B$8.9B
GOOGLALPHABET INCREVEALEDNEW+5.20M5.20M+$6.0B$6.0B
BABAALIBABA GROUP HLDG LTDREVEALEDNEW+24.64M24.64M+$4.8B$4.8B
METAFACEBOOK INCREVEALEDNEW+25.83M25.83M+$4.3B$4.3B
JNJJOHNSON & JOHNSONREVEALEDNEW+28.44M28.44M+$3.7B$3.7B
PGPROCTER & GAMBLE COREVEALEDNEW+26.32M26.32M+$2.9B$2.9B

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

Holdings — Q1 2021REVEALED

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INCREVEALEDhistory →COM11.84%$33.2B210.75M
2MSFTMICROSOFT CORPREVEALEDhistory →COM10.73%$30.1B158.31M
3AMZNAMAZON COM INCREVEALEDhistory →COM8.48%$23.8B9.14M
4GOOGLALPHABET INCREVEALEDhistory →CAP STK CL A5.55%$15.6B10.63M
5METAFACEBOOK INCREVEALEDhistory →CL A4.39%$12.3B55.20M
6BABAALIBABA GROUP HLDG LTDREVEALEDhistory →SPONSORED ADS3.74%$10.5B49.19M
7JNJJOHNSON & JOHNSONREVEALEDhistory →COM2.89%$8.1B56.21M
8VVISA INCREVEALEDhistory →COM CL A2.17%$6.1B32.43M
9JPMJPMORGAN CHASE & COREVEALEDhistory →COM2.12%$5.9B54.65M
10UNHUNITEDHEALTH GROUP INCREVEALEDhistory →COM2.05%$5.7B19.12M
11TSLATESLA INCREVEALEDhistory →COM1.96%$5.5B7.79M
12HDHOME DEPOT INCREVEALEDhistory →COM1.89%$5.3B23.35M
13BACBK OF AMERICA CORPREVEALEDhistory →COM1.79%$5.0B196.23M
14INTCINTEL CORPREVEALEDhistory →COM1.71%$4.8B92.21M
15BACVERIZON COMMUNICATIONS INCREVEALEDhistory →COM1.68%$4.7B83.90M
16PGPROCTER AND GAMBLE COREVEALEDhistory →COM1.31%$3.7B26.44M
17MAMASTERCARD INCORPORATEDREVEALEDhistory →CL A1.17%$3.3B9.22M
18NVDANVIDIA CORPORATIONREVEALEDhistory →COM1.10%$3.1B5.89M
19TMUST-MOBILE US INCREVEALEDhistory →COM1.07%$3.0B22.34M
20DISDISNEY WALT COREVEALEDhistory →COM1.07%$3.0B16.58M
21PGPROCTER & GAMBLE COREVEALEDhistory →COM1.03%$2.9B26.32M
22LINDE PLCREVEALEDSHS0.97%$2.7B10.34M
23CMCSACOMCAST CORP NEWREVEALEDhistory →CL A0.97%$2.7B51.78M
24PYPLPAYPAL HLDGS INCREVEALEDhistory →COM0.93%$2.6B11.19M
25BRK/ABERKSHIRE HATHAWAY INC DELREVEALEDhistory →CL A0.93%$2.6B7.5K
26NFLXNETFLIX INCREVEALEDhistory →COM0.88%$2.5B4.54M
27UBS GROUP AGREVEALEDSHS0.86%$2.4B171.14M
28ADBEADOBE SYSTEMS INCORPORATEDREVEALEDhistory →COM0.84%$2.4B4.72M
29NEENEXTERA ENERGY INCREVEALEDhistory →COM0.84%$2.4B30.47M
30KOCOCA COLA COREVEALEDhistory →COM0.84%$2.3B42.77M
31TMOTHERMO FISHER SCIENTIFIC INCREVEALEDhistory →COM0.83%$2.3B5.02M
32MRKMERCK & CO. INCREVEALEDhistory →COM0.80%$2.3B27.52M
33MAMASTERCARD INCREVEALEDhistory →CL A0.80%$2.2B9.24M
34PFEPFIZER INCREVEALEDhistory →COM0.79%$2.2B60.30M
35CRMSALESFORCE COM INCREVEALEDhistory →COM0.78%$2.2B9.90M
36WMTWALMART INCREVEALEDhistory →COM0.77%$2.2B15.01M

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 ↗.