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 | |
|---|---|---|---|---|---|---|
1176
Lufax Holding
LU
$1.35B
| $24.2M | ﹤0.01% |
4,225,941
+459,559
| +12% | +$3.04M |
|
1177
RXO
RXO
$3.34B
| $24.2M | ﹤0.01% |
1,066,244
+51,692
| +5% | +$1.04M |
|
1178
Ziff Davis
ZD
$1.96B
| $24.1M | ﹤0.01% |
343,886
+34,319
| +11% | +$2.35M |
|
|
VRNT
1179
DELISTED
Verint Systems
VRNT
| $24M | ﹤0.01% |
684,403
+14,935
| +2% | +$538K |
|
1180
Interparfums
IPAR
$3.99B
| $24M | ﹤0.01% |
177,316
-33,224
| -16% | -$4.65M |
|
1181
Enpro
NPO
$6.63B
| $24M | ﹤0.01% |
179,537
| – | – |
|
1182
NewMarket
NEU
$7.82B
| $23.9M | ﹤0.01% |
59,359
+3,382
| +6% | +$1.32M |
|
1183
Marqeta
MQ
$1.83B
| $23.8M | ﹤0.01% |
1,222,816
-182,352
| -13% | -$3.31M |
|
1184
Columbia Sportswear
COLM
$3.04B
| $23.7M | ﹤0.01% |
307,413
-7,560
| -2% | -$609K |
|
1185
Global E Online
GLBE
$6.6B
| $23.7M | ﹤0.01% |
579,453
+134,046
| +30% | +$4.41M |
|
1186
CareTrust REIT
CTRE
$9.91B
| $23.7M | ﹤0.01% |
1,193,118
-50,600
| -4% | -$988K |
|
1187
Unifirst Corp
UNF
$5.3B
| $23.6M | ﹤0.01% |
152,422
+3,798
| +3% | +$639K |
|
|
SYNH
1188
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $23.5M | ﹤0.01% |
557,790
+14,463
| +3% | +$585K |
|
1189
Viasat
VSAT
$10.6B
| $23.3M | ﹤0.01% |
565,355
-139,811
| -20% | -$5.44M |
|
1190
First Bancorp
FBP
$4.42B
| $23.3M | ﹤0.01% |
1,904,137
| – | – |
|
1191
MACOM Technology Solutions
MTSI
$19.2B
| $23.2M | ﹤0.01% |
354,310
+179,888
| +103% | +$10.9M |
|
1192
Blackstone Mortgage Trust
BXMT
$2.45B
| $23.2M | ﹤0.01% |
1,113,145
-111,172
| -9% | -$2.04M |
|
1193
Independent Bank
INDB
$3.99B
| $23.1M | ﹤0.01% |
519,223
+30,641
| +6% | +$1.59M |
|
1194
National Health Investors
NHI
$3.72B
| $23.1M | ﹤0.01% |
440,659
-41,089
| -9% | -$2.12M |
|
1195
Moog Inc Class A
MOG.A
$12.4B
| $23M | ﹤0.01% |
212,317
-29,669
| -12% | -$2.95M |
|
1196
Knife River
KNF
$4.15B
| $23M | ﹤0.01% |
+528,145
| New | +$22.4M |
|
|
AZEK
1197
DELISTED
The AZEK Co
AZEK
| $23M | ﹤0.01% |
758,313
+208,236
| +38% | +$5.39M |
|
1198
TG Therapeutics
TGTX
$7.96B
| $22.9M | ﹤0.01% |
922,112
-21,057
| -2% | -$544K |
|
1199
United Parks & Resorts
PRKS
$2.1B
| $22.9M | ﹤0.01% |
408,618
+113,672
| +39% | +$6.41M |
|
1200
MINISO
MNSO
$3.88B
| $22.8M | ﹤0.01% |
1,342,634
+187,500
| +16% | +$3.13M |
|
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.