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 | |
|---|---|---|---|---|---|---|
1051
Leggett & Platt
LEG
$1.34B
| $32.7M | 0.01% |
1,104,520
+34,875
| +3% | +$1.1M |
|
1052
Hancock Whitney
HWC
$6.2B
| $32.6M | 0.01% |
848,556
-49,341
| -5% | -$1.83M |
|
|
NSA
1053
DELISTED
National Storage Affiliates Trust
NSA
| $32.6M | 0.01% |
934,833
-8,436
| -0.9% | -$318K |
|
1054
Amkor Technology
AMKR
$12.4B
| $32.5M | 0.01% |
1,094,110
-305,961
| -22% | -$7.44M |
|
1055
Dycom Industries
DY
$12B
| $32.5M | 0.01% |
286,254
-9,353
| -3% | -$924K |
|
1056
Lyft
LYFT
$6.02B
| $32.5M | 0.01% |
3,387,148
-666,473
| -16% | -$6.41M |
|
1057
10x Genomics
TXG
$6B
| $32.4M | 0.01% |
580,544
-176,096
| -23% | -$9.53M |
|
1058
CRISPR Therapeutics
CRSP
$4.73B
| $32.4M | 0.01% |
577,033
-52,619
| -8% | -$2.99M |
|
1059
Cabot Corp
CBT
$4.54B
| $32.2M | 0.01% |
481,642
+13,761
| +3% | +$980K |
|
1060
United Bankshares
UBSI
$6.63B
| $32.2M | 0.01% |
1,084,227
-205,603
| -16% | -$6.47M |
|
1061
Woodward
WWD
$21.3B
| $32.1M | 0.01% |
269,973
+37,548
| +16% | +$3.98M |
|
1062
Federal Signal
FSS
$7.63B
| $32M | 0.01% |
500,099
-13,843
| -3% | -$765K |
|
|
EQC
1063
DELISTED
Equity Commonwealth
EQC
| $32M | 0.01% |
1,577,960
-205,929
| -12% | -$4.26M |
|
1064
Omnicell
OMCL
$1.61B
| $31.3M | 0.01% |
425,218
-78,979
| -16% | -$5.33M |
|
1065
Madrigal Pharmaceuticals
MDGL
$10.8B
| $31.3M | 0.01% |
135,407
+18,816
| +16% | +$5.1M |
|
1066
American States Water
AWR
$3.36B
| $31.1M | 0.01% |
357,990
+12,918
| +4% | +$1.16M |
|
|
ENV
1067
DELISTED
ENVESTNET, INC.
ENV
| $31.1M | 0.01% |
524,446
+14,639
| +3% | +$848K |
|
1068
Ambarella
AMBA
$3.77B
| $31.1M | 0.01% |
371,838
+14,827
| +4% | +$1.08M |
|
|
CADE
1069
DELISTED
Cadence Bank
CADE
| $31.1M | 0.01% |
1,582,828
-382,264
| -19% | -$7.54M |
|
1070
Broadstone Net Lease
BNL
$4.11B
| $31.1M | 0.01% |
2,013,183
+354,133
| +21% | +$5.67M |
|
|
FYBR
1071
DELISTED
Frontier Communications
FYBR
| $31M | 0.01% |
1,665,187
-500,803
| -23% | -$9.4M |
|
1072
Albany International
AIN
$2.11B
| $30.9M | 0.01% |
331,746
+7,007
| +2% | +$630K |
|
1073
Sensient Technologies
SXT
$5.26B
| $30.9M | 0.01% |
434,985
+32,965
| +8% | +$2.45M |
|
1074
Kyndryl
KD
$2.99B
| $30.7M | 0.01% |
2,314,975
+108,357
| +5% | +$1.47M |
|
1075
Newell Brands
NWL
$2.38B
| $30.7M | 0.01% |
3,531,045
+181,645
| +5% | +$1.81M |
|
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.