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 |
Microsoft
MSFT
|
+$1.04B |
| 2 |
Amazon
AMZN
|
+$902M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$877M |
| 4 |
Apple
AAPL
|
+$767M |
| 5 |
NVIDIA
NVDA
|
+$684M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shell
SHEL
|
+$444M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$415M |
| 3 |
Qualcomm
QCOM
|
+$385M |
| 4 |
Synopsys
SNPS
|
+$314M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
801
DXC Technology
DXC
$1.82B
| $55.6M | 0.01% |
2,079,246
-582,454
| -22% | -$14.5M |
|
802
Expeditors International
EXPD
$22B
| $55.6M | 0.01% |
458,651
-107,954
| -19% | -$12.3M |
|
803
PBF Energy
PBF
$8.57B
| $55.4M | 0.01% |
1,352,011
-443,022
| -25% | -$16.8M |
|
|
MPT
804
Medical Properties Trust
MPT
$2.77B
| $55.3M | 0.01% |
5,970,445
+1,424,084
| +31% | +$12M |
|
805
SoFi Technologies
SOFI
$21B
| $55.3M | 0.01% |
6,626,928
-2,064,271
| -24% | -$13.5M |
|
806
Indivior Pharmaceuticals
INDV
$4.73B
| $55.2M | 0.01% |
+2,383,774
| New | +$54.6M |
|
807
Donaldson
DCI
$10.9B
| $54.9M | 0.01% |
878,748
-63,417
| -7% | -$3.97M |
|
|
PINC
808
DELISTED
Premier
PINC
| $54.8M | 0.01% |
1,982,637
+1,328,490
| +203% | +$37.9M |
|
809
Timken Company
TKR
$9.56B
| $54.8M | 0.01% |
599,052
+53,368
| +10% | +$4.21M |
|
810
Boyd Gaming
BYD
$6.18B
| $54.8M | 0.01% |
789,930
+14,869
| +2% | +$999K |
|
811
Houlihan Lokey
HLI
$8.77B
| $54.4M | 0.01% |
553,567
-66,383
| -11% | -$6M |
|
812
Exelixis
EXEL
$13.3B
| $54.3M | 0.01% |
2,841,679
+66,741
| +2% | +$1.29M |
|
813
Robinhood
HOOD
$77.8B
| $54.3M | 0.01% |
5,436,745
+1,185,816
| +28% | +$11M |
|
814
Brookfield Infrastructure
BIPC
$5.2B
| $54M | 0.01% |
1,184,281
+41,570
| +4% | +$1.89M |
|
815
Wingstop
WING
$3.53B
| $54M | 0.01% |
269,545
+6,871
| +3% | +$1.34M |
|
816
Carnival Corporation Ltd
CCL
$38.1B
| $53.9M | 0.01% |
2,863,432
-785,669
| -22% | -$9.19M |
|
817
Allison Transmission
ALSN
$9.5B
| $53.9M | 0.01% |
954,716
-74,296
| -7% | -$3.66M |
|
818
AptarGroup
ATR
$8.55B
| $53.8M | 0.01% |
463,970
+2,743
| +0.6% | +$322K |
|
819
Mueller Industries
MLI
$14.7B
| $53.7M | 0.01% |
2,459,188
+15,840
| +0.6% | +$301K |
|
820
Qualys
QLYS
$5.1B
| $53.6M | 0.01% |
414,974
-12,942
| -3% | -$1.59M |
|
821
The Ensign Group
ENSG
$10.4B
| $53.6M | 0.01% |
561,439
+9,322
| +2% | +$878K |
|
|
AZPN
822
DELISTED
Aspen Technology Inc
AZPN
| $53.6M | 0.01% |
319,574
+22,301
| +8% | +$4.14M |
|
823
Wayfair
W
$11.2B
| $53.5M | 0.01% |
822,398
-134,964
| -14% | -$5.69M |
|
|
TGNA
824
DELISTED
TEGNA Inc
TGNA
| $53.2M | 0.01% |
3,278,240
-1,089,800
| -25% | -$17.8M |
|
825
iQIYI
IQ
$1.23B
| $53.1M | 0.01% |
9,947,269
+2,644,409
| +36% | +$14.9M |
|
Similar funds
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.