# NORGES BANK

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1374170. Source: https://holderbook.com/funds/1374170-norges-bank/

- Reported value: $1.0T
- Positions: 1,617
- Weight of the ten largest: 32.4%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $65.2B | 325,951,734 | 6.5% | 32 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $55.2B | 190,726,866 | 5.5% | 32 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $38.3B | 102,732,956 | 3.8% | 32 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $33.5B | 140,565,601 | 3.3% | 32 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $28.9B | 80,931,418 | 2.9% | 32 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $26.4B | 74,788,768 | 2.6% | 32 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $24.9B | 65,970,988 | 2.5% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $18.4B | 32,726,903 | 1.8% | 32 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $17.5B | 15,180,843 | 1.7% | 32 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $16.3B | 38,812,422 | 1.6% | 32 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $13.8B | 11,471,413 | 1.4% | 32 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $13.6B | 23,361,170 | 1.4% | 32 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $11.8B | 36,122,327 | 1.2% | 32 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $8.6B | 61,714,672 | 0.9% | 32 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $8.3B | 60,999,693 | 0.8% | 32 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $8.2B | 11,305,788 | 0.8% | 32 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $8.1B | 31,825,084 | 0.8% | 32 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $7.9B | 18,123,399 | 0.8% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $7.8B | 10,371 | 0.8% | 32 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $6.5B | 57,423,929 | 0.6% | 25 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $6.4B | 54,835,694 | 0.6% | 32 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $6.4B | 25,554,538 | 0.6% | 32 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $6.3B | 33,864,172 | 0.6% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $6.1B | 6,474,767 | 0.6% | 32 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $6.0B | 11,753,770 | 0.6% | 32 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $5.9B | 19,565,355 | 0.6% | 32 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $5.6B | 16,215,161 | 0.6% | 32 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $5.3B | 12,736,973 | 0.5% | 32 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $5.1B | 13,691,596 | 0.5% | 18 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $4.8B | 83,794,863 | 0.5% | 32 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.8B | 36,983,784 | 0.5% | 32 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $4.8B | 95,849,980 | 0.5% | 32 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $4.7B | 13,383,376 | 0.5% | 32 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $4.7B | 2,055,094 | 0.5% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.7B | 31,831,692 | 0.5% | 32 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $4.6B | 55,487,578 | 0.5% | 32 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.4B | 8,785,259 | 0.4% | 32 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $4.2B | 14,201,483 | 0.4% | 19 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $4.2B | 52,025,304 | 0.4% | 32 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $4.1B | 57,951,405 | 0.4% | 32 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $4.1B | 18,146,984 | 0.4% | 32 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $4.1B | 19,905,354 | 0.4% | 32 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $4.0B | 3,419,249 | 0.4% | 7 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $3.9B | 13,220,004 | 0.4% | 32 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.8B | 22,964,061 | 0.4% | 32 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $3.8B | 19,952,281 | 0.4% | 23 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $3.8B | 17,984,532 | 0.4% | 32 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.7B | 25,002,553 | 0.4% | 32 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $3.6B | 31,076,211 | 0.4% | 18 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $3.5B | 19,290,135 | 0.3% | 32 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $3.4B | 6,640,227 | 0.3% | 12 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $3.4B | 19,193,869 | 0.3% | 32 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $3.3B | 9,750,674 | 0.3% | 32 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $3.2B | 8,169,137 | 0.3% | 32 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $3.2B | 40,546,835 | 0.3% | 2 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.0B | 16,209,022 | 0.3% | 32 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $3.0B | 3,095,723 | 0.3% | 19 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $3.0B | 4,629,232 | 0.3% | 32 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.8B | 32,117,624 | 0.3% | 32 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $2.8B | 3,669,761 | 0.3% | 22 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $2.8B | 21,965,555 | 0.3% | 32 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $2.7B | 2,831,565 | 0.3% | 5 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.7B | 7,985,867 | 0.3% | 32 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $2.7B | 19,279,995 | 0.3% | 32 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.7B | 9,878,380 | 0.3% | 32 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.6B | 19,416,811 | 0.3% | 32 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $2.6B | 2,595,205 | 0.3% | 32 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $2.6B | 10,238,257 | 0.3% | 32 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.6B | 5,087,903 | 0.3% | 32 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $2.5B | 10,145,985 | 0.2% | 32 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $2.4B | 20,021,693 | 0.2% | 32 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.4B | 8,416,339 | 0.2% | 32 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $2.4B | 34,837,220 | 0.2% | 32 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.3B | 54,307,400 | 0.2% | 32 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $2.2B | 12,434,096 | 0.2% | 32 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $2.2B | 14,473,106 | 0.2% | 32 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $2.2B | 3,406,402 | 0.2% | 32 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $2.1B | 36,866,658 | 0.2% | 32 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $2.1B | 7,895,313 | 0.2% | 23 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.1B | 23,354,911 | 0.2% | 32 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.1B | 4,917,475 | 0.2% | 32 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $2.1B | 22,658,390 | 0.2% | 32 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $2.1B | 12,246,920 | 0.2% | 5 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.1B | 7,553,360 | 0.2% | 32 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.0B | 5,625,584 | 0.2% | 32 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $2.0B | 9,978,148 | 0.2% | 32 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $2.0B | 4,954,874 | 0.2% | 32 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.9B | 20,249,669 | 0.2% | 32 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $1.9B | 1,975,158 | 0.2% | 32 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.9B | 26,706,242 | 0.2% | 27 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $1.9B | 12,449,356 | 0.2% | 32 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $1.9B | 8,647,114 | 0.2% | 32 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.9B | 76,539,618 | 0.2% | 32 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $1.9B | 16,410,473 | 0.2% | 32 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $1.9B | 18,038,922 | 0.2% | 32 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $1.9B | 4,312,543 | 0.2% | 29 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.8B | 8,270,160 | 0.2% | 32 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.8B | 9,537,906 | 0.2% | 32 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $1.7B | 11,751,724 | 0.2% | 32 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $1.7B | 12,518,679 | 0.2% | 32 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2026 | -4.9% | -4.6% | -0.3% | 100% |
| Q3 2025 | +7.9% | +7.8% | +0.1% | 100% |
| Q2 2025 | +10.4% | +10.5% | -0.0% | 100% |
| Q1 2025 | -4.8% | -4.6% | -0.2% | 100% |
| Q4 2024 | +1.6% | +2.1% | -0.5% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.6% | 100% |
| Q2 2024 | +3.0% | +4.0% | -1.0% | 100% |
| Q1 2024 | +9.5% | +10.0% | -0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.0T | 1,617 |
| Q4 2025 | $934.8B | 1,577 |
| Q2 2025 | $801.1B | 1,707 |
| Q1 2025 | $712.5B | 1,743 |
| Q4 2024 | $762.1B | 1,845 |
| Q3 2024 | $715.9B | 1,839 |
| Q2 2024 | $669.4B | 1,930 |
| Q1 2024 | $633.6B | 1,885 |
| Q4 2023 | $572.3B | 1,942 |
| Q3 2023 | $492.8B | 1,966 |
| Q2 2023 | $506.7B | 2,007 |
| Q1 2023 | $456.9B | 2,087 |