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 A
GOOGL
|
+$2.32B |
| 2 |
Apple
AAPL
|
+$2.24B |
| 3 |
Microsoft
MSFT
|
+$1.26B |
| 4 |
Amazon
AMZN
|
+$1.21B |
| 5 |
ExxonMobil
XOM
|
+$882M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.69B |
| 2 |
Palo Alto Networks
PANW
|
+$614M |
| 3 |
Booking.com
BKNG
|
+$591M |
| 4 |
Equinix
EQIX
|
+$417M |
| 5 |
Micron Technology
MU
|
+$324M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.28% |
| 2 | Financials | 13.68% |
| 3 | Healthcare | 11.64% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Communication Services | 8.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
Voya Financial
VOYA
$9.19B
| $95.9M | 0.01% |
1,348,191
+41,821
| +3% | +$3.01M |
|
652
Hasbro
HAS
$13.2B
| $95.9M | 0.01% |
1,639,451
+208,141
| +15% | +$12.4M |
|
|
CERE
653
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $95.5M | 0.01% |
2,335,746
+1,610,692
| +222% | +$67.1M |
|
654
Lattice Semiconductor
LSCC
$18.5B
| $94.9M | 0.01% |
1,636,542
+20,037
| +1% | +$1.38M |
|
655
Chemed
CHE
$7.22B
| $94.8M | 0.01% |
174,700
+7,617
| +5% | +$4.36M |
|
656
Darden Restaurants
DRI
$24.4B
| $94.6M | 0.01% |
625,200
+212,000
| +51% | +$32.3M |
|
657
Prudential Financial
PRU
$41.8B
| $94.4M | 0.01% |
805,109
-237,342
| -23% | -$27.4M |
|
658
Allegion
ALLE
$14.4B
| $94M | 0.01% |
795,322
-116,944
| -13% | -$14.4M |
|
659
Northern Trust
NTRS
$33.9B
| $93.7M | 0.01% |
1,115,161
-217,836
| -16% | -$18.3M |
|
660
Eagle Materials
EXP
$6.57B
| $93.4M | 0.01% |
429,479
+19,431
| +5% | +$4.76M |
|
661
MKS Inc
MKSI
$20.6B
| $93.2M | 0.01% |
713,559
-375,134
| -34% | -$47.3M |
|
662
TKO Group
TKO
$13.6B
| $93.2M | 0.01% |
862,657
+178,015
| +26% | +$18.1M |
|
663
Norwegian Cruise Line
NCLH
$8.84B
| $92.9M | 0.01% |
4,944,751
+1,163,595
| +31% | +$20.4M |
|
664
Henry Schein
HSIC
$9.82B
| $92.4M | 0.01% |
1,441,294
-68,344
| -5% | -$4.81M |
|
665
Tencent Music
TME
$15.6B
| $92.3M | 0.01% |
6,568,195
-569,405
| -8% | -$7.65M |
|
666
SoFi Technologies
SOFI
$23.7B
| $92.2M | 0.01% |
13,952,298
+2,521,922
| +22% | +$17.8M |
|
667
Applied Industrial Technologies
AIT
$13.3B
| $91.8M | 0.01% |
473,198
+32,795
| +7% | +$6.25M |
|
668
Lamb Weston
LW
$7.19B
| $91.6M | 0.01% |
1,089,849
-59,729
| -5% | -$5.1M |
|
669
Zoom
ZM
$30.6B
| $91.6M | 0.01% |
1,547,434
-151,656
| -9% | -$9.32M |
|
670
BellRing Brands
BRBR
$1.34B
| $91.6M | 0.01% |
1,602,836
+11,178
| +0.7% | +$640K |
|
671
Crown Holdings
CCK
$13.1B
| $90.7M | 0.01% |
1,219,627
-25,682
| -2% | -$2.07M |
|
672
H&R Block
HRB
$5.86B
| $90.6M | 0.01% |
1,670,801
-44,337
| -3% | -$2.21M |
|
673
Ingredion
INGR
$6.58B
| $90.5M | 0.01% |
789,286
+26,986
| +4% | +$3.12M |
|
674
Uranium Energy
UEC
$5.57B
| $90.5M | 0.01% |
15,063,253
-182,900
| -1% | -$1.24M |
|
675
United Airlines
UAL
$42.1B
| $90.2M | 0.01% |
1,853,694
+56,792
| +3% | +$2.86M |
|
Similar funds
Norges Bank's Q2 2024 Portfolio in Review
As of Q2 2024, Norges Bank held 2,011 positions worth $669B, up 5.6% from $634B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Norges Bank's Q2 2024 filing shows 126 new, 838 increased, 818 reduced and 81 closed positions. Its largest new stake was Ferrovial N.V. Ordinary Shares: 12,011,984 shares worth $462M. The largest sale was Alphabet (Google) Class C, an estimated $1.69B.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q2 2024 buy was Ferrovial N.V. Ordinary Shares: 12,011,984 shares worth $462M.
- Norges Bank added most to Alphabet (Google) Class A in Q2 2024, an estimated $2.32B increase.
- Norges Bank's biggest Q2 2024 reduction was Alphabet (Google) Class C, cutting an estimated $1.69B.
- Norges Bank fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $168M.
- Norges Bank's ten largest holdings make up 31% of its $669B portfolio in Q2 2024.
- Norges Bank opened 126 new positions and closed 81 in Q2 2024.
- Norges Bank's portfolio value rose 5.6% quarter-over-quarter to $669B.
Based on Norges Bank's 13F filing for Q2 2024, filed 14 Aug 2024.