§ 13F · FUND PROFILE
NORGES BANK.
Norwegian sovereign wealth fund, long-term
AUM · $715900.9T (13F)Positions · 1839Turnover · 100% · Q4Filed · Feb 10, 2026
CONCENTRATION
35%
Top 10 holdings
NEW BUYS
+1577
+$934755.6T deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 10, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 333.75M | $62244.1T | 6.7% | NEW |
| 2 | AAPL | APPLE INC | 192.26M | $52266.5T | 5.6% | NEW |
| 3 | MSFT | MICROSOFT CORP | 104.76M | $50664.6T | 5.4% | NEW |
| 4 | AMZN | AMAZON COM INC | 142.40M | $32868.7T | 3.5% | NEW |
| 5 | GOOGL | ALPHABET INC | 97.55M | $30534.2T | 3.3% | NEW |
| 6 | AVGO | BROADCOM INC | 70.07M | $24252.2T | 2.6% | NEW |
| 7 | META | META PLATFORMS INC | 33.56M | $22152.1T | 2.4% | NEW |
| 8 | GOOG | ALPHABET INC | 57.66M | $18093.7T | 1.9% | NEW |
| 9 | TSLA | TESLA INC | 38.09M | $17128.1T | 1.8% | NEW |
| 10 | LLY | ELI LILLY & CO | 12.07M | $12976.6T | 1.4% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Other45.2%
Technology17.0%
Semiconductors13.2%
Media9.3%
Retail7.2%
Financial Services6.6%
§ 03 · THE NORGES SIGNAL
AC read
NORGES BANK is a Quality / Compounder fund managing $715900897.1 trillion in assets. The fund runs a massive portfolio of 1,839 positions, broad diversification across holdings, with the top 10 accounting for 35%. Trading activity is aggressive at 100% quarterly turnover, with 1577 new positions and 0 exits last quarter. Top sector allocations: Other (45%), Technology (17%), Semiconductors (13%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
3 FILINGS
Q4 2025
Busy quarter
+1577 buys · −0 exits · 0 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed