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
+9.95%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$507B
AUM Growth
+$49.8B
Cap. Flow
+$12.1B
Cap. Flow %
2.38%
Top 10 Hldgs %
27.24%
Holding
2,145
New
58
Increased
905
Reduced
790
Closed
138

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$1.04B
2
AMZN icon
Amazon
AMZN
+$902M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$877M
4
AAPL icon
Apple
AAPL
+$767M
5
NVDA icon
NVIDIA
NVDA
+$684M

Top Sells

Rank Stock Value
1
SHEL icon
Shell
SHEL
+$444M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$415M
3
QCOM icon
Qualcomm
QCOM
+$385M
4
SNPS icon
Synopsys
SNPS
+$314M
5
ACN icon
Accenture
ACN
+$249M

Sector Composition

Rank Sector Weight
1 Technology 27.89%
2 Financials 13.39%
3 Healthcare 13.16%
4 Consumer Discretionary 11.33%
5 Communication Services 8.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SGI
676
Somnigroup International
SGI
$13.7B
$73.9M 0.01%
1,845,023
+134,141
+8% +$5.05M
BRKR icon
677
Bruker
BRKR
$9.57B
$73.9M 0.01%
999,973
+3,161
+0.3% +$241K
OLN icon
678
Olin
OLN
$2.11B
$73.7M 0.01%
1,434,131
+113,701
+9% +$6.05M
ORI icon
679
Old Republic International
ORI
$10.5B
$73.5M 0.01%
2,918,531
-58,955
-2% -$1.48M
INGR icon
680
Ingredion
INGR
$6.27B
$73.3M 0.01%
692,076
+26,971
+4% +$2.87M
ABG icon
681
Asbury Automotive
ABG
$4.31B
$73.3M 0.01%
304,802
-1,637
-0.5% -$344K
NTNX icon
682
Nutanix
NTNX
$16B
$73M 0.01%
2,603,517
+63,839
+3% +$1.7M
PRI icon
683
Primerica
PRI
$9.98B
$72.4M 0.01%
366,030
-4,253
-1% -$781K
MASI
684
DELISTED
Masimo
MASI
$71.9M 0.01%
437,000
+65,790
+18% +$11.5M
DINO icon
685
HF Sinclair
DINO
$16.3B
$71.9M 0.01%
1,611,311
+31,364
+2% +$1.37M
STAG icon
686
STAG Industrial
STAG
$7.38B
$71.8M 0.01%
2,000,950
-102,453
-5% -$3.54M
BILL icon
687
BILL Holdings
BILL
$4.49B
$71.8M 0.01%
614,409
+140,965
+30% +$13.4M
KEY icon
688
KeyCorp
KEY
$24.2B
$71.8M 0.01%
7,766,410
+136,130
+2% +$1.42M
IP icon
689
International Paper
IP
$21.6B
$71.1M 0.01%
2,235,607
+174,357
+8% +$5.71M
SPSC icon
690
SPS Commerce
SPSC
$2.64B
$71.1M 0.01%
370,049
+17,891
+5% +$2.89M
WCC
691
WESCO International
WCC
$16.7B
$70.8M 0.01%
395,602
-94,475
-19% -$13.8M
NKLA
692
DELISTED
Nikola Corporation Common Stock
NKLA
$70.5M 0.01%
1,702,712
– –
ETSY icon
693
Etsy
ETSY
$7.75B
$70.5M 0.01%
832,974
+175,160
+27% +$16.5M
SEDG icon
694
SolarEdge
SEDG
$2.51B
$70.3M 0.01%
261,198
-136,865
-34% -$39.2M
GXO icon
695
GXO Logistics
GXO
$5.77B
$70.3M 0.01%
1,118,642
+157,709
+16% +$8.85M
GRAB icon
696
Grab
GRAB
$14.3B
$70.1M 0.01%
20,444,432
+332,482
+2% +$1.03M
AA icon
697
Alcoa
AA
$11.9B
$70.1M 0.01%
2,064,867
+114,672
+6% +$4.17M
CCJ icon
698
Cameco
CCJ
$37.6B
$70M 0.01%
2,234,875
-42,022
-2% -$1.18M
OLED icon
699
Universal Display
OLED
$3.68B
$69.9M 0.01%
485,237
+28,602
+6% +$4.1M
RHI icon
700
Robert Half
RHI
$3.87B
$69.6M 0.01%
925,582
+63,061
+7% +$4.5M
26 27
28
29 30

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 Q2 2023 Portfolio in Review

As of Q2 2023, Norges Bank held 2,145 positions worth $507B, up 11% from $457B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Norges Bank's Q2 2023 filing shows 58 new, 905 increased, 790 reduced and 138 closed positions. Its largest new stake was Kenvue: 7,326,131 shares worth $194M. The largest sale was Shell, an estimated $444M.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 26% a quarter earlier, followed by Financials and Healthcare.

  • Norges Bank's largest Q2 2023 buy was Kenvue: 7,326,131 shares worth $194M.
  • Norges Bank added most to Microsoft in Q2 2023, an estimated $1.04B increase.
  • Norges Bank's biggest Q2 2023 reduction was Shell, cutting an estimated $444M.
  • Norges Bank fully exited Evoqua Water Technologies Corp. Common Stock in Q2 2023, selling an estimated $175M.
  • Norges Bank's ten largest holdings make up 27% of its $507B portfolio in Q2 2023.
  • Norges Bank opened 58 new positions and closed 138 in Q2 2023.
  • Norges Bank's portfolio value rose 11% quarter-over-quarter to $507B.

Based on Norges Bank's 13F filing for Q2 2023, filed 14 Aug 2023.