We are live on ! Find out more
Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+10.92%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$457B
AUM Growth
+$42.1B
Cap. Flow
+$9.97B
Cap. Flow %
2.18%
Top 10 Hldgs %
24.1%
Holding
2,211
New
81
Increased
1,022
Reduced
782
Closed
124

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$764M
2
UBS icon
UBS Group
UBS
+$753M
3
AAPL icon
Apple
AAPL
+$665M
4
JPM icon
JPMorgan Chase
JPM
+$621M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$498M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$811M
2
ORCL icon
Oracle
ORCL
+$505M
3
TMUS icon
T-Mobile US
TMUS
+$390M
4
DB icon
Deutsche Bank
DB
+$275M
5
GE icon
GE Aerospace
GE
+$240M

Sector Composition

Rank Sector Weight
1 Technology 26.11%
2 Financials 13.76%
3 Healthcare 13.71%
4 Consumer Discretionary 10.81%
5 Communication Services 7.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCTY icon
626
Paylocity
PCTY
$8.39B
$79.2M 0.02%
398,466
-44,562
-10% -$8.77M
ALB icon
627
Albemarle
ALB
$14.8B
$79M 0.02%
357,262
+7,719
+2% +$1.9M
CLF icon
628
Cleveland-Cliffs
CLF
$6.98B
$78.9M 0.02%
4,304,973
+1,159,220
+37% +$23M
CDW icon
629
CDW
CDW
$18.1B
$78.6M 0.02%
403,524
+28,386
+8% +$5.58M
BRKR icon
630
Bruker
BRKR
$7.8B
$78.6M 0.02%
996,812
-129,123
-11% -$9.32M
LBTYA icon
631
Liberty Global Class A
LBTYA
$3.68B
$78.4M 0.02%
4,021,632
-848,755
-17% -$17.2M
CW icon
632
Curtiss-Wright
CW
$26.4B
$78.1M 0.02%
442,945
+37,691
+9% +$6.38M
AOS icon
633
A.O. Smith
AOS
$8.56B
$78M 0.02%
1,127,319
+99,260
+10% +$6.45M
PBF icon
634
PBF Energy
PBF
$7.26B
$77.8M 0.02%
1,795,033
+716,166
+66% +$30.2M
ARW icon
635
Arrow Electronics
ARW
$11.4B
$77.8M 0.02%
623,110
-4,237
-0.7% -$502K
LEA icon
636
Lear
LEA
$7.93B
$77.1M 0.02%
552,571
+74,521
+16% +$10.3M
EGP icon
637
EastGroup Properties
EGP
$10.8B
$76.7M 0.02%
463,677
+26,627
+6% +$4.33M
ICL icon
638
ICL Group
ICL
$6.8B
$76.4M 0.02%
11,405,690
+9,799,087
+610% +$72.3M
DINO icon
639
HF Sinclair
DINO
$14.7B
$76.4M 0.02%
1,579,947
-286,198
-15% -$14.9M
ATO icon
640
Atmos Energy
ATO
$28.7B
$76.1M 0.02%
677,381
+408,997
+152% +$46.5M
GFS icon
641
GlobalFoundries
GFS
$27.6B
$76M 0.02%
1,053,410
-436,524
-29% -$27.6M
WCC
642
WESCO International
WCC
$18.1B
$75.7M 0.02%
490,077
+36,779
+8% +$5.51M
OC icon
643
Owens Corning
OC
$12.1B
$75.7M 0.02%
790,205
-515,105
-39% -$48.7M
LAD icon
644
Lithia Motors
LAD
$8.26B
$75M 0.02%
327,642
+9,262
+3% +$2.25M
STN icon
645
Stantec
STN
$8.34B
$74.8M 0.02%
1,280,073
+19,988
+2% +$1.08M
LFUS icon
646
Littelfuse
LFUS
$11.7B
$74.8M 0.02%
278,984
+6,926
+3% +$1.78M
IRDM icon
647
Iridium Communications
IRDM
$5.12B
$74.7M 0.02%
1,206,441
+57,379
+5% +$3.43M
MDU icon
648
MDU Resources
MDU
$4.34B
$74.4M 0.02%
6,423,349
+1,102,484
+21% +$12.8M
ORI icon
649
Old Republic International
ORI
$10.5B
$74.3M 0.02%
2,977,486
+123,367
+4% +$3.11M
IP icon
650
International Paper
IP
$21.5B
$74.3M 0.02%
2,061,250
-350,810
-15% -$13M
24 25
26
27 28

Similar funds

CIBC Private Wealth Group
CIBC Private Wealth Group Atlanta, Georgia $59.2B AUM 20.62% 1-Year Est. Return
Two Sigma Advisers
Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return
Comerica Bank
Comerica Bank Dallas, Texas $25.1B AUM 24.68% 1-Year Est. Return
CWM
CIBC World Markets New York $20.8B AUM
VRS
Virginia Retirement Systems Richmond, Virginia $16.8B AUM 25.91% 1-Year Est. Return
FAF
Första AP-fonden Stockholm, Sweden $16.8B AUM 29.64% 1-Year Est. Return
BGIM
Brandywine Global Investment Management Philadelphia, Pennsylvania $14.9B AUM 20.41% 1-Year Est. Return
CIM
CCLA Investment Management London, United Kingdom $6.23B AUM 5.02% 1-Year Est. Return

Norges Bank's Q1 2023 Portfolio in Review

As of Q1 2023, Norges Bank held 2,211 positions worth $457B, up 10% from $415B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Norges Bank's Q1 2023 filing shows 81 new, 1,022 increased, 782 reduced and 124 closed positions. Its largest new stake was GE HealthCare: 2,602,917 shares worth $214M. The largest sale was Bank of America, an estimated $811M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.

  • Norges Bank's largest Q1 2023 buy was GE HealthCare: 2,602,917 shares worth $214M.
  • Norges Bank added most to Microsoft in Q1 2023, an estimated $764M increase.
  • Norges Bank's biggest Q1 2023 reduction was Bank of America, cutting an estimated $811M.
  • Norges Bank fully exited SVB Financial Group in Q1 2023, selling an estimated $141M.
  • Norges Bank's ten largest holdings make up 24% of its $457B portfolio in Q1 2023.
  • Norges Bank opened 81 new positions and closed 124 in Q1 2023.
  • Norges Bank's portfolio value rose 10% quarter-over-quarter to $457B.

Based on Norges Bank's 13F filing for Q1 2023, filed 15 May 2023.