Norges Bank
Norges Bank Investment Management (NBIM), based in Oslo, Norway, is the asset management arm of Norges Bank, the central bank of Norway. It was founded in 1998 and manages the Norwegian Government Pension Fund Global, commonly known as the Norwegian oil fund, which is one of the world’s largest sovereign wealth funds. The firm employs over 670 people from 37 countries, with offices in Oslo, London, New York, and Singapore, managing global asset allocation for the benefit of both current and future generations of Norwegians.
Investment Strategy
Norges Bank Investment Management is responsible for managing the assets of the Government Pension Fund Global. Its strategy focuses on global diversification, with investments spanning international equities, fixed income instruments, real estate, and renewable energy infrastructure. The fund aims for the highest possible return within moderate risk parameters and a strong focus on responsible, transparent, and long-term investing. The majority of the fund is allocated to equities (over 70%), with the remainder in fixed income, unlisted real estate, and renewable energy projects. The management adheres to strict ethical guidelines, integrating environmental, social, and corporate governance considerations throughout its portfolio.
Top Holdings
Equity Positions (1,690)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | 6.41% | $51.39B | 325,253,897 | $157.99 | $157.99 | +$51.39B |
M MSFT | MICROSOFT CORP | 6.30% | $50.49B | 101,513,194 | $497.41 | $497.41 | +$50.49B |
A AAPL | APPLE INC | 4.86% | $38.94B | 189,804,820 | $205.17 | $205.17 | +$38.94B |
A AMZN | AMAZON COM INC | 3.42% | $27.44B | 125,065,004 | $219.39 | $219.39 | +$27.44B |
M META | META PLATFORMS INC | 2.89% | $23.16B | 31,372,045 | $738.09 | $738.09 | +$23.16B |