Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| 1 |
Alcon
ALC
|
+$635M |
| 2 |
Alexandria Real Estate Equities
ARE
|
+$477M |
| 3 |
Dow Inc
DOW
|
+$359M |
| 4 |
UBS Group
UBS
|
+$238M |
| 5 |
Uber
UBER
|
+$183M |
Top Sells
| 1 |
Ameriprise Financial
AMP
|
+$281M |
| 2 |
Johnson Controls International
JCI
|
+$235M |
| 3 |
Linde
LIN
|
+$211M |
| 4 |
Baxter International
BAX
|
+$203M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$113M |
Sector Composition
| 1 | Technology | 18.07% |
| 2 | Financials | 16.91% |
| 3 | Healthcare | 13.48% |
| 4 | Consumer Discretionary | 11.5% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
501
CMS Energy
CMS
$21.3B
| $104M | 0.03% |
1,793,766
-199,710
| -10% | -$11.6M |
|
502
Universal Display
OLED
$6.53B
| $104M | 0.03% |
551,752
+34,404
| +7% | +$6.47M |
|
503
A.O. Smith
AOS
$10.1B
| $104M | 0.03% |
2,197,903
| – | – |
|
504
Liberty Global Class A
LBTYA
$3.94B
| $103M | 0.03% |
3,811,706
| – | – |
|
505
Lennox International
LII
$19.2B
| $103M | 0.03% |
374,098
| – | – |
|
|
VAR
506
DELISTED
Varian Medical Systems, Inc.
VAR
| $103M | 0.03% |
755,472
+23,341
| +3% | +$3.18M |
|
507
Qorvo
QRVO
$8.14B
| $103M | 0.03% |
1,541,489
+30,183
| +2% | +$2.01M |
|
508
Brown-Forman Class B
BF.B
$12.9B
| $103M | 0.03% |
1,851,538
+31,214
| +2% | +$1.73M |
|
509
Globe Life
GL
$11.3B
| $102M | 0.03% |
1,144,898
| – | – |
|
510
Trimble
TRMB
$19.1B
| $102M | 0.03% |
2,264,620
| – | – |
|
511
Snap-on
SNA
$16.8B
| $102M | 0.03% |
615,819
+54,618
| +10% | +$9.05M |
|
|
VER
512
DELISTED
VEREIT, Inc.
VER
| $102M | 0.03% |
2,261,156
| – | – |
|
513
Wheaton Precious Metals
WPM
$47.8B
| $102M | 0.03% |
4,201,279
-36,445
| -0.9% | -$883K |
|
|
NBIS
514
Nebius Group N.V. Class A Ordinary Shares
NBIS
$22.4B
| $101M | 0.03% |
2,661,239
| – | – |
|
515
Bio-Techne
TECH
$8B
| $101M | 0.03% |
1,939,356
| – | – |
|
516
Icon
ICLR
$13B
| $100M | 0.03% |
651,092
| – | – |
|
517
Teradyne
TER
$18.6B
| $100M | 0.03% |
2,089,466
-93,769
| -4% | -$4.49M |
|
518
Western Union
WU
$2.75B
| $100M | 0.03% |
5,031,668
| – | – |
|
|
BKI
519
DELISTED
Black Knight, Inc. Common Stock
BKI
| $99.8M | 0.03% |
1,659,643
-107,854
| -6% | -$6.49M |
|
|
WRK
520
DELISTED
WestRock Company
WRK
| $99.5M | 0.03% |
2,727,448
-573,264
| -17% | -$20.9M |
|
521
Howmet Aerospace
HWM
$73.9B
| $99.2M | 0.03% |
5,012,352
+769,360
| +18% | +$15.2M |
|
522
Equity Lifestyle Properties
ELS
$11.7B
| $98.4M | 0.03% |
1,621,966
| – | – |
|
|
GLIBA
523
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $97.4M | 0.03% |
1,584,152
-72,754
| -4% | -$4.47M |
|
524
PG&E
PCG
$34B
| $97.3M | 0.03% |
4,244,095
+21,805
| +0.5% | +$500K |
|
525
Packaging Corp of America
PKG
$19.2B
| $97.1M | 0.03% |
1,018,692
+28,181
| +3% | +$2.69M |
|