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 | |
|---|---|---|---|---|---|---|
|
ENV
1101
DELISTED
ENVESTNET, INC.
ENV
| $33.6M | 0.01% |
580,699
+69,403
| +14% | +$3.62M |
|
1102
Omnicom Group
OMC
$22.6B
| $33.6M | 0.01% |
347,423
+99,777
| +40% | +$8.95M |
|
1103
Gates Industrial Corporation Ltd.
GTES
$7.24B
| $33.6M | 0.01% |
1,896,889
+179,023
| +10% | +$2.59M |
|
1104
Apple Hospitality REIT
APLE
$3.81B
| $33.6M | 0.01% |
2,050,779
-132,231
| -6% | -$2.16M |
|
1105
BridgeBio Pharma
BBIO
$16.1B
| $33.5M | 0.01% |
1,083,723
-76,619
| -7% | -$2.61M |
|
|
TCN
1106
DELISTED
Tricon Residential Inc.
TCN
| $33.4M | 0.01% |
2,991,226
-44,053
| -1% | -$470K |
|
1107
Interparfums
IPAR
$3.84B
| $33.3M | 0.01% |
236,913
+11,282
| +5% | +$1.6M |
|
1108
LivaNova
LIVN
$4.15B
| $33.1M | 0.01% |
591,591
+87,849
| +17% | +$4.56M |
|
1109
Vestis
VSTS
$1.83B
| $32.9M | 0.01% |
1,709,028
+241,046
| +16% | +$4.77M |
|
1110
10x Genomics
TXG
$5.78B
| $32.8M | 0.01% |
874,991
+226,995
| +35% | +$9.97M |
|
1111
Zscaler
ZS
$26.1B
| $32.8M | 0.01% |
170,111
-360,664
| -68% | -$80.7M |
|
1112
Zillow
Z
$7.43B
| $32.7M | 0.01% |
670,347
+70,312
| +12% | +$3.83M |
|
1113
Power Integrations
POWI
$3.32B
| $32.7M | 0.01% |
456,923
+1,140
| +0.3% | +$85.1K |
|
1114
ABM Industries
ABM
$2.84B
| $32.4M | 0.01% |
726,915
+28,495
| +4% | +$1.19M |
|
1115
Cable One
CABO
$249M
| $32.4M | 0.01% |
76,538
+13,305
| +21% | +$6.55M |
|
1116
International Bancshares
IBOC
$4.69B
| $32.4M | 0.01% |
576,559
-13,584
| -2% | -$721K |
|
|
DNB
1117
DELISTED
Dun & Bradstreet
DNB
| $32.2M | 0.01% |
3,211,900
+150,362
| +5% | +$1.64M |
|
1118
ATS Corp
ATS
$2B
| $32.2M | 0.01% |
957,821
+13,905
| +1% | +$552K |
|
1119
Phinia Inc
PHIN
$2.76B
| $32.2M | 0.01% |
838,978
+281,173
| +50% | +$9.15M |
|
1120
COPT Defense Properties
CDP
$4.21B
| $32.1M | 0.01% |
1,327,974
+68,517
| +5% | +$1.67M |
|
|
AZPN
1121
DELISTED
Aspen Technology Inc
AZPN
| $32M | 0.01% |
150,238
+6,561
| +5% | +$1.29M |
|
|
UCB
1122
United Community Banks
UCB
$4.29B
| $31.7M | 0.01% |
1,204,480
-84,763
| -7% | -$2.29M |
|
1123
Recursion Pharmaceuticals
RXRX
$1.66B
| $31.6M | 0.01% |
3,172,542
-359,422
| -10% | -$4M |
|
1124
Lumentum
LITE
$65.5B
| $31.6M | 0.01% |
667,110
-358,925
| -35% | -$18.2M |
|
1125
First Bancorp
FBP
$4.45B
| $31.5M | 0.01% |
1,795,278
-185,854
| -9% | -$3.08M |
|
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.