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
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.19B |
| 2 |
Flutter Entertainment
FLUT
|
+$879M |
| 3 |
UnitedHealth
UNH
|
+$494M |
| 4 |
Micron Technology
MU
|
+$474M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$426M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$2.41B |
| 2 |
Apple
AAPL
|
+$1.93B |
| 3 |
T-Mobile US
TMUS
|
+$825M |
| 4 |
Amazon
AMZN
|
+$690M |
| 5 |
Microsoft
MSFT
|
+$583M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.02% |
| 2 | Financials | 14.31% |
| 3 | Healthcare | 12.25% |
| 4 | Consumer Discretionary | 10.83% |
| 5 | Communication Services | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WBA
501
DELISTED
Walgreens Boots Alliance
WBA
| $159M | 0.03% |
7,346,554
+6,204,603
| +543% | +$138M |
|
502
Robinhood
HOOD
$83.4B
| $159M | 0.03% |
7,909,220
+1,302,843
| +20% | +$18.3M |
|
503
Carlyle Group
CG
$17.9B
| $158M | 0.03% |
3,378,695
+164,868
| +5% | +$7.13M |
|
504
L3Harris
LHX
$53.3B
| $158M | 0.03% |
743,443
-800,318
| -52% | -$168M |
|
505
Owens Corning
OC
$12.3B
| $158M | 0.03% |
949,289
+151,536
| +19% | +$23.1M |
|
|
PCH
506
DELISTED
PotlatchDeltic
PCH
| $158M | 0.03% |
3,367,290
+300,955
| +10% | +$13.9M |
|
|
BLD
507
DELISTED
TopBuild
BLD
| $158M | 0.03% |
359,068
-55,037
| -13% | -$21.5M |
|
508
Reinsurance Group of America
RGA
$15.5B
| $158M | 0.03% |
820,284
+64,316
| +9% | +$11.2M |
|
509
Vistra
VST
$47.4B
| $158M | 0.02% |
2,266,125
+253,595
| +13% | +$12.5M |
|
510
Pinnacle West Capital
PNW
$12.3B
| $157M | 0.02% |
2,101,712
+529,972
| +34% | +$37.3M |
|
511
Campbell Soup
CPB
$6.87B
| $156M | 0.02% |
3,520,490
+613,034
| +21% | +$26.5M |
|
512
State Street
STT
$51.4B
| $156M | 0.02% |
2,020,876
+117,690
| +6% | +$8.73M |
|
513
News Corp Class A
NWSA
$15.7B
| $155M | 0.02% |
5,938,161
+237,323
| +4% | +$6.02M |
|
514
JB Hunt Transport Services
JBHT
$25.6B
| $155M | 0.02% |
779,448
-148,253
| -16% | -$29.9M |
|
515
Wynn Resorts
WYNN
$10.5B
| $155M | 0.02% |
1,518,625
-207,914
| -12% | -$20.6M |
|
516
Watsco Inc
WSO
$13.7B
| $155M | 0.02% |
359,020
+118,727
| +49% | +$47.7M |
|
517
Molson Coors Class B
TAP
$7.85B
| $155M | 0.02% |
2,305,988
+225,666
| +11% | +$14.3M |
|
518
Capri Holdings
CPRI
$1.84B
| $155M | 0.02% |
3,422,516
+103,124
| +3% | +$4.91M |
|
519
Rogers Corp
ROG
$2.36B
| $154M | 0.02% |
1,300,000
-192,840
| -13% | -$22.6M |
|
520
Quest Diagnostics
DGX
$26B
| $154M | 0.02% |
1,158,736
+139,936
| +14% | +$18.2M |
|
521
Viatris
VTRS
$20.6B
| $154M | 0.02% |
12,888,242
+1,237,162
| +11% | +$14.9M |
|
522
Tradeweb Markets
TW
$21.6B
| $154M | 0.02% |
1,475,646
+156,801
| +12% | +$15.8M |
|
523
Curtiss-Wright
CW
$27.6B
| $152M | 0.02% |
594,844
+83,669
| +16% | +$19.5M |
|
|
P
524
Everpure Inc
P
$27.8B
| $152M | 0.02% |
2,928,145
-309,435
| -10% | -$13.8M |
|
525
MGM Resorts International
MGM
$11.4B
| $152M | 0.02% |
3,215,924
+91,508
| +3% | +$4M |
|
Similar funds
Norges Bank's Q1 2024 Portfolio in Review
As of Q1 2024, Norges Bank held 1,998 positions worth $634B, up 11% from $572B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Norges Bank's Q1 2024 filing shows 56 new, 971 increased, 737 reduced and 113 closed positions. Its largest new stake was Flutter Entertainment: 4,117,926 shares worth $820M. The largest sale was Alphabet (Google) Class A, an estimated $2.41B.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2024 buy was Flutter Entertainment: 4,117,926 shares worth $820M.
- Norges Bank added most to Alphabet (Google) Class C in Q1 2024, an estimated $1.19B increase.
- Norges Bank's biggest Q1 2024 reduction was Alphabet (Google) Class A, cutting an estimated $2.41B.
- Norges Bank fully exited Splunk Inc in Q1 2024, selling an estimated $379M.
- Norges Bank's ten largest holdings make up 27% of its $634B portfolio in Q1 2024.
- Norges Bank opened 56 new positions and closed 113 in Q1 2024.
- Norges Bank's portfolio value rose 11% quarter-over-quarter to $634B.
Based on Norges Bank's 13F filing for Q1 2024, filed 14 May 2024.