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 | |
|---|---|---|---|---|---|---|
1126
Glacier Bancorp
GBCI
$6.42B
| $26.7M | 0.01% |
855,231
-264,921
| -24% | -$8.75M |
|
1127
Methanex
MEOH
$4.3B
| $26.6M | 0.01% |
644,137
+66,323
| +11% | +$2.86M |
|
1128
Itron
ITRI
$4.36B
| $26.6M | 0.01% |
369,027
-19,085
| -5% | -$1.21M |
|
1129
Lightspeed Commerce
LSPD
$1.31B
| $26.5M | 0.01% |
1,569,246
+72,491
| +5% | +$1.04M |
|
1130
Western Alliance Bancorporation
WAL
$8.79B
| $26.4M | 0.01% |
724,762
-483,350
| -40% | -$16.8M |
|
1131
Prestige Consumer Healthcare
PBH
$2.38B
| $26.4M | 0.01% |
444,525
+10,331
| +2% | +$618K |
|
|
TPH
1132
DELISTED
Tri Pointe Homes
TPH
| $26.4M | 0.01% |
802,960
-114,140
| -12% | -$3.34M |
|
1133
Griffon
GFF
$3.95B
| $26.3M | 0.01% |
651,428
+59,336
| +10% | +$1.95M |
|
1134
AppFolio
APPF
$6.38B
| $26.2M | 0.01% |
152,229
-17,096
| -10% | -$2.49M |
|
1135
Integra LifeSciences
IART
$1.29B
| $26.2M | 0.01% |
635,896
| – | – |
|
1136
Goodyear
GT
$2B
| $26.1M | 0.01% |
1,909,034
+22,068
| +1% | +$276K |
|
1137
Park Hotels & Resorts
PK
$3.03B
| $26.1M | 0.01% |
2,032,208
+44,307
| +2% | +$566K |
|
1138
Community Bank
CBU
$3.41B
| $26M | 0.01% |
554,749
-1,515
| -0.3% | -$74.3K |
|
1139
Scorpio Tankers
STNG
$3.9B
| $26M | 0.01% |
549,972
+62,204
| +13% | +$3.08M |
|
1140
Semtech
SMTC
$11B
| $25.9M | 0.01% |
1,018,946
+290,741
| +40% | +$6.28M |
|
|
TCN
1141
DELISTED
Tricon Residential Inc.
TCN
| $25.9M | 0.01% |
2,938,766
+90,060
| +3% | +$736K |
|
1142
Zions Bancorporation
ZION
$10.2B
| $25.9M | 0.01% |
963,179
-428,120
| -31% | -$11.9M |
|
1143
WIX.com
WIX
$2.3B
| $25.8M | 0.01% |
329,852
+93,239
| +39% | +$7.67M |
|
|
SKX
1144
DELISTED
Skechers
SKX
| $25.8M | 0.01% |
489,203
+117,041
| +31% | +$5.99M |
|
|
CMA
1145
DELISTED
Comerica
CMA
| $25.7M | 0.01% |
607,654
-1,094,337
| -64% | -$44.2M |
|
1146
WSFS Financial
WSFS
$4.12B
| $25.7M | 0.01% |
681,128
+21,465
| +3% | +$763K |
|
1147
Valley National Bancorp
VLY
$7.9B
| $25.6M | 0.01% |
3,307,673
-956,564
| -22% | -$7.61M |
|
1148
Quaker Houghton
KWR
$2.76B
| $25.6M | 0.01% |
131,524
+7,262
| +6% | +$1.42M |
|
1149
Champion Homes
SKY
$4.37B
| $25.6M | 0.01% |
391,039
-191,730
| -33% | -$13M |
|
1150
J&J Snack Foods
JJSF
$1.43B
| $25.5M | 0.01% |
161,303
+6,050
| +4% | +$939K |
|
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.