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 | |
|---|---|---|---|---|---|---|
976
Avient
AVNT
$3.91B
| $45.9M | 0.01% |
1,058,522
+81,184
| +8% | +$3.16M |
|
977
RH
RH
$3.56B
| $45.8M | 0.01% |
131,470
-1,425
| -1% | -$388K |
|
978
Arvinas
ARVN
$560M
| $45.8M | 0.01% |
1,108,768
+231,060
| +26% | +$10.1M |
|
979
Evolent Health
EVH
$404M
| $45.8M | 0.01% |
1,395,247
+70,426
| +5% | +$2.25M |
|
980
MakeMyTrip
MMYT
$5.65B
| $45.7M | 0.01% |
+643,279
| New | +$36.6M |
|
981
Exponent
EXPO
$3.21B
| $45.5M | 0.01% |
550,612
+30,552
| +6% | +$2.53M |
|
982
Alight
ALIT
$411M
| $45.4M | 0.01% |
230,507
-21,232
| -8% | -$3.84M |
|
983
Clarivate
CLVT
$1.18B
| $45.2M | 0.01% |
6,077,729
+196,816
| +3% | +$1.64M |
|
984
ManpowerGroup
MAN
$2.57B
| $45.1M | 0.01% |
580,695
+26,304
| +5% | +$1.96M |
|
985
Roivant Sciences
ROIV
$25.4B
| $45M | 0.01% |
4,266,692
+570,725
| +15% | +$6.15M |
|
|
WIRE
986
DELISTED
Encore Wire Corp
WIRE
| $44.8M | 0.01% |
170,619
+75,943
| +80% | +$17.2M |
|
987
DaVita
DVA
$11.5B
| $44.8M | 0.01% |
324,557
-25,061
| -7% | -$3.01M |
|
|
TGNA
988
DELISTED
TEGNA Inc
TGNA
| $44.8M | 0.01% |
2,995,877
+511,641
| +21% | +$7.6M |
|
989
Bank OZK
OZK
$5.63B
| $44.7M | 0.01% |
983,529
-146,165
| -13% | -$6.54M |
|
990
Braze
BRZE
$2.9B
| $44.6M | 0.01% |
1,006,454
+299,054
| +42% | +$16.1M |
|
991
Group 1 Automotive
GPI
$3.23B
| $44.5M | 0.01% |
152,272
-1,705
| -1% | -$466K |
|
992
Hilton Grand Vacations
HGV
$3.61B
| $44.5M | 0.01% |
941,596
+359,640
| +62% | +$15.7M |
|
993
SharkNinja
SN
$25.5B
| $44.5M | 0.01% |
713,634
+110,911
| +18% | +$5.87M |
|
|
HI
994
DELISTED
Hillenbrand
HI
| $44.4M | 0.01% |
882,115
+43,448
| +5% | +$2.04M |
|
995
Columbia Banking Systems
COLB
$8.78B
| $44.3M | 0.01% |
2,291,759
-75,254
| -3% | -$1.55M |
|
|
MDC
996
DELISTED
M.D.C. Holdings, Inc.
MDC
| $44.3M | 0.01% |
704,392
+285,586
| +68% | +$17.4M |
|
997
Teradata
TDC
$2.54B
| $44.2M | 0.01% |
1,143,344
-105,375
| -8% | -$4.44M |
|
998
Glacier Bancorp
GBCI
$6.32B
| $44M | 0.01% |
1,092,954
+303,590
| +38% | +$11.8M |
|
999
Cabot Corp
CBT
$4.52B
| $43.8M | 0.01% |
475,596
-21,059
| -4% | -$1.71M |
|
1000
Warner Music
WMG
$13.8B
| $43.7M | 0.01% |
1,324,684
+105,673
| +9% | +$3.7M |
|
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.