NORGES BANK

CIK 0001374170 · Q2 2026

13F Equity AUM

$1.0T

Positions

1,601

+1601 QoQ

AUM Rank

#14

Top 0.2%

Skill Alpha (FF)

+0.7%/yr^ns

No Clear Edge

Rank #2,070 · Top 25%

vs S&P +0.6%/yr (unadj.)

Quarters Tracked

~14 years

Portfolio Concentration

Top 5: 22.0%Top 10: 32.4%Top 20: 41.8%

NVDA6.5%

AAPL5.5%

MSFT3.8%

AMZN3.3%

GOOGL2.9%

GOOG2.6%

AVGO2.5%

META1.8%

MU1.8%

TSLA1.6%

Others (1591)67.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology35.5%

Financial Services12.1%

Communication Services9.5%

Healthcare9.5%

Consumer Cyclical9.4%

Industrials7.1%

Real Estate3.9%

Consumer Defensive3.7%

Other9.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 1601Median: 0.01%Avg: 0.06%

0–0.5%

1572(52.9%)

0.5–1%

16(10.8%)

1–3%

9(17.1%)

3–5%

2(7.2%)

5%+

2(12.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 1,601vs 20 funds

0%Low

1,601

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New1616Increased0Decreased0Exited0

New Positions

NVDA6.5%

+326.0M

AAPL5.5%

+190.7M

MSFT3.8%

+102.7M

AMZN3.3%

+140.6M

GOOGL2.9%

+80.9M

GOOG2.6%

+74.8M

AVGO2.5%

+66.0M

META1.8%

+32.7M

MU1.8%

+15.2M

TSLA1.6%

+38.8M

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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