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 | |
|---|---|---|---|---|---|---|
1126
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.91B
| $31.5M | 0.01% |
1,107,841
+213,729
| +24% | +$5.35M |
|
1127
Fidelity National Financial
FNF
$14B
| $31.4M | 0.01% |
591,290
-216,471
| -27% | -$10.9M |
|
1128
Lantheus
LNTH
$6.63B
| $31.3M | ﹤0.01% |
503,296
+20,138
| +4% | +$1.19M |
|
1129
Nomad Foods
NOMD
$1.64B
| $31.3M | ﹤0.01% |
1,601,032
+109,212
| +7% | +$2.01M |
|
1130
National Health Investors
NHI
$3.64B
| $31.1M | ﹤0.01% |
494,785
+39,131
| +9% | +$2.21M |
|
1131
Gen Digital
GEN
$16.3B
| $31.1M | ﹤0.01% |
1,386,430
+591,306
| +74% | +$13.1M |
|
1132
Liberty Live Group Series C
LLYVK
$9.54B
| $31M | ﹤0.01% |
707,435
+55,031
| +8% | +$2.11M |
|
1133
Pegasystems
PEGA
$5.14B
| $31M | ﹤0.01% |
958,040
+25,422
| +3% | +$714K |
|
1134
Fortinet
FTNT
$117B
| $31M | ﹤0.01% |
453,098
-3,023,763
| -87% | -$201M |
|
1135
Check Point Software Technologies
CHKP
$12.6B
| $30.9M | ﹤0.01% |
188,224
-6,819
| -3% | -$1.09M |
|
1136
Valley National Bancorp
VLY
$8.16B
| $30.9M | ﹤0.01% |
3,878,080
-701,454
| -15% | -$6.25M |
|
1137
LXP Industrial Trust
LXP
$3.57B
| $30.8M | ﹤0.01% |
683,715
+48,045
| +8% | +$2.18M |
|
1138
Axsome Therapeutics
AXSM
$11.1B
| $30.8M | ﹤0.01% |
385,551
+190,428
| +98% | +$16M |
|
|
CERE
1139
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $30.6M | ﹤0.01% |
725,054
+39,360
| +6% | +$1.65M |
|
1140
Associated Banc-Corp
ASB
$5.98B
| $30.6M | ﹤0.01% |
1,422,205
-294,562
| -17% | -$6.15M |
|
1141
PennyMac Financial
PFSI
$3.87B
| $30.5M | ﹤0.01% |
335,154
-18,562
| -5% | -$1.62M |
|
1142
O-I Glass
OI
$1.12B
| $30.5M | ﹤0.01% |
1,837,177
+154,503
| +9% | +$2.44M |
|
1143
Southwest Airlines
LUV
$23.6B
| $30.4M | ﹤0.01% |
1,042,061
+10,577
| +1% | +$327K |
|
1144
Texas Capital Bancshares
TCBI
$4.35B
| $30.4M | ﹤0.01% |
493,901
-49,507
| -9% | -$3M |
|
1145
SolarEdge
SEDG
$2.02B
| $30.4M | ﹤0.01% |
427,647
+5,140
| +1% | +$371K |
|
|
BRSL
1146
Brightstar Lottery PLC
BRSL
$2.03B
| $30.3M | ﹤0.01% |
1,339,800
+62,509
| +5% | +$1.57M |
|
|
JBTM
1147
JBT Marel
JBTM
$6.51B
| $30M | ﹤0.01% |
285,904
-67,685
| -19% | -$6.74M |
|
1148
Dorman Products
DORM
$4.14B
| $29.9M | ﹤0.01% |
310,174
+30,859
| +11% | +$2.66M |
|
1149
Primerica
PRI
$10.1B
| $29.8M | ﹤0.01% |
117,901
-33,701
| -22% | -$7.97M |
|
1150
American States Water
AWR
$3.37B
| $29.7M | ﹤0.01% |
411,135
+38,296
| +10% | +$2.86M |
|
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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.