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 A
GOOGL
|
+$2.32B |
| 2 |
Apple
AAPL
|
+$2.24B |
| 3 |
Microsoft
MSFT
|
+$1.26B |
| 4 |
Amazon
AMZN
|
+$1.21B |
| 5 |
ExxonMobil
XOM
|
+$882M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.69B |
| 2 |
Palo Alto Networks
PANW
|
+$614M |
| 3 |
Booking.com
BKNG
|
+$591M |
| 4 |
Equinix
EQIX
|
+$417M |
| 5 |
Micron Technology
MU
|
+$324M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.28% |
| 2 | Financials | 13.68% |
| 3 | Healthcare | 11.64% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Communication Services | 8.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1151
Bausch Health
BHC
$2.34B
| $26.3M | ﹤0.01% |
3,769,763
-173,911
| -4% | -$1.32M |
|
1152
Cathay General Bancorp
CATY
$4.24B
| $26.2M | ﹤0.01% |
693,805
| – | – |
|
1153
TriNet
TNET
$3.14B
| $26.2M | ﹤0.01% |
261,543
+58,910
| +29% | +$6.56M |
|
1154
RXO
RXO
$3.58B
| $25.9M | ﹤0.01% |
992,022
-97,233
| -9% | -$2.02M |
|
1155
Nomad Foods
NOMD
$1.68B
| $25.9M | ﹤0.01% |
1,573,069
-27,963
| -2% | -$503K |
|
1156
Repligen
RGEN
$9.25B
| $25.8M | ﹤0.01% |
204,725
-54,406
| -21% | -$8.53M |
|
1157
CareTrust REIT
CTRE
$9.74B
| $25.7M | ﹤0.01% |
1,025,881
+113,300
| +12% | +$2.81M |
|
1158
Maplebear
CART
$11.8B
| $25.6M | ﹤0.01% |
797,641
-1,310,464
| -62% | -$45.1M |
|
|
NSA
1159
DELISTED
National Storage Affiliates Trust
NSA
| $25.5M | ﹤0.01% |
618,097
-105,614
| -15% | -$3.98M |
|
|
NUVL
1160
DELISTED
Nuvalent
NUVL
| $25.2M | ﹤0.01% |
332,681
+18,441
| +6% | +$1.31M |
|
1161
RH
RH
$3.71B
| $25.2M | ﹤0.01% |
103,194
-28,276
| -22% | -$7.43M |
|
1162
Itron
ITRI
$4.54B
| $25.1M | ﹤0.01% |
253,636
-16,571
| -6% | -$1.67M |
|
1163
Paychex
PAYX
$42.7B
| $25.1M | ﹤0.01% |
211,381
-69,793
| -25% | -$8.53M |
|
1164
AeroVironment
AVAV
$9.45B
| $25M | ﹤0.01% |
137,496
+16,000
| +13% | +$2.88M |
|
1165
FormFactor
FORM
$9.17B
| $24.9M | ﹤0.01% |
411,753
-80,995
| -16% | -$4.22M |
|
1166
Concentrix
CNXC
$1.57B
| $24.9M | ﹤0.01% |
392,841
+5,268
| +1% | +$316K |
|
1167
Verra Mobility
VRRM
$744M
| $24.8M | ﹤0.01% |
912,766
+100,000
| +12% | +$2.58M |
|
1168
Cable One
CABO
$212M
| $24.6M | ﹤0.01% |
69,476
-7,062
| -9% | -$2.7M |
|
1169
Wolfspeed
WOLF
$1.71B
| $24.3M | ﹤0.01% |
1,068,218
-873,606
| -45% | -$22.6M |
|
1170
ICU Medical
ICUI
$4.61B
| $24.3M | ﹤0.01% |
204,588
-33,408
| -14% | -$3.51M |
|
1171
CorVel
CRVL
$3.19B
| $24.1M | ﹤0.01% |
284,535
+15,354
| +6% | +$1.27M |
|
|
PDCO
1172
DELISTED
Patterson Companies, Inc.
PDCO
| $24.1M | ﹤0.01% |
999,463
+46,300
| +5% | +$1.16M |
|
1173
WSFS Financial
WSFS
$4.15B
| $24.1M | ﹤0.01% |
511,990
-22,173
| -4% | -$981K |
|
1174
CONMED
CNMD
$1.47B
| $24M | ﹤0.01% |
346,569
+16,219
| +5% | +$1.18M |
|
1175
Reddit
RDDT
$31.1B
| $23.8M | ﹤0.01% |
372,078
-361,536
| -49% | -$19.1M |
|
Similar funds
Norges Bank's Q2 2024 Portfolio in Review
As of Q2 2024, Norges Bank held 2,011 positions worth $669B, up 5.6% from $634B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Norges Bank's Q2 2024 filing shows 126 new, 838 increased, 818 reduced and 81 closed positions. Its largest new stake was Ferrovial N.V. Ordinary Shares: 12,011,984 shares worth $462M. The largest sale was Alphabet (Google) Class C, an estimated $1.69B.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q2 2024 buy was Ferrovial N.V. Ordinary Shares: 12,011,984 shares worth $462M.
- Norges Bank added most to Alphabet (Google) Class A in Q2 2024, an estimated $2.32B increase.
- Norges Bank's biggest Q2 2024 reduction was Alphabet (Google) Class C, cutting an estimated $1.69B.
- Norges Bank fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $168M.
- Norges Bank's ten largest holdings make up 31% of its $669B portfolio in Q2 2024.
- Norges Bank opened 126 new positions and closed 81 in Q2 2024.
- Norges Bank's portfolio value rose 5.6% quarter-over-quarter to $669B.
Based on Norges Bank's 13F filing for Q2 2024, filed 14 Aug 2024.