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
|
+$764M |
| 2 |
UBS Group
UBS
|
+$753M |
| 3 |
Apple
AAPL
|
+$665M |
| 4 |
JPMorgan Chase
JPM
|
+$621M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$498M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$811M |
| 2 |
Oracle
ORCL
|
+$505M |
| 3 |
T-Mobile US
TMUS
|
+$390M |
| 4 |
Deutsche Bank
DB
|
+$275M |
| 5 |
GE Aerospace
GE
|
+$240M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.11% |
| 2 | Financials | 13.76% |
| 3 | Healthcare | 13.71% |
| 4 | Consumer Discretionary | 10.81% |
| 5 | Communication Services | 7.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
Dorman Products
DORM
$4.08B
| $22.8M | 0.01% |
263,914
+11,249
| +4% | +$1M |
|
1227
STAAR Surgical
STAA
$1.15B
| $22.7M | 0.01% |
355,717
+64,238
| +22% | +$4.19M |
|
1228
Lightspeed Commerce
LSPD
$1.32B
| $22.7M | 0.01% |
1,496,755
+40,399
| +3% | +$640K |
|
1229
Coinbase
COIN
$38.4B
| $22.7M | 0.01% |
336,526
-1,083,475
| -76% | -$64.9M |
|
1230
Walker & Dunlop
WD
$1.52B
| $22.7M | 0.01% |
297,476
+5,765
| +2% | +$500K |
|
1231
Tandem Diabetes Care
TNDM
$1.29B
| $22.7M | 0.01% |
557,912
-75,036
| -12% | -$3.11M |
|
1232
TORM
TRMD
$3.02B
| $22.6M | 0.01% |
737,526
| – | – |
|
1233
Woodward
WWD
$21.6B
| $22.6M | 0.01% |
232,425
-14,053
| -6% | -$1.41M |
|
1234
Golar LNG
GLNG
$5.19B
| $22.6M | ﹤0.01% |
1,047,080
| – | – |
|
1235
Plexus
PLXS
$7.18B
| $22.6M | ﹤0.01% |
231,733
-87,474
| -27% | -$8.77M |
|
1236
Werner Enterprises
WERN
$2.21B
| $22.6M | ﹤0.01% |
496,123
| – | – |
|
1237
ICU Medical
ICUI
$4.16B
| $22.5M | ﹤0.01% |
136,630
+7,941
| +6% | +$1.37M |
|
1238
Bumble
BMBL
$372M
| $22.5M | ﹤0.01% |
1,151,548
+600,447
| +109% | +$13.6M |
|
1239
MP Materials
MP
$8.45B
| $22.4M | ﹤0.01% |
792,878
-28,997
| -4% | -$877K |
|
1240
Denali Therapeutics
DNLI
$3.92B
| $22.3M | ﹤0.01% |
969,440
-54,766
| -5% | -$1.51M |
|
1241
Asana
ASAN
$2B
| $22.3M | ﹤0.01% |
1,055,175
+483,419
| +85% | +$8.01M |
|
1242
McGrath RentCorp
MGRC
$2.97B
| $22.3M | ﹤0.01% |
238,709
+22,220
| +10% | +$2.2M |
|
1243
Freshpet
FRPT
$3.28B
| $22.2M | ﹤0.01% |
335,102
+92,000
| +38% | +$5.65M |
|
|
TCN
1244
DELISTED
Tricon Residential Inc.
TCN
| $22.1M | ﹤0.01% |
2,848,706
+74,133
| +3% | +$610K |
|
1245
Innospec
IOSP
$2.25B
| $22.1M | ﹤0.01% |
214,946
-29,850
| -12% | -$3.21M |
|
1246
Bank of Hawaii
BOH
$3.12B
| $22M | ﹤0.01% |
422,671
+62,800
| +17% | +$4.41M |
|
1247
Genworth Financial
GNW
$3.72B
| $22M | ﹤0.01% |
4,376,056
-570,997
| -12% | -$3.16M |
|
1248
Atlantic Union Bankshares
AUB
$6.02B
| $21.9M | ﹤0.01% |
624,761
-22,501
| -3% | -$832K |
|
1249
Simmons First National
SFNC
$3.4B
| $21.9M | ﹤0.01% |
1,252,017
+22,502
| +2% | +$478K |
|
1250
Blackstone Mortgage Trust
BXMT
$2.33B
| $21.9M | ﹤0.01% |
1,224,317
+550,350
| +82% | +$11.7M |
|
Similar funds
Norges Bank's Q1 2023 Portfolio in Review
As of Q1 2023, Norges Bank held 2,211 positions worth $457B, up 10% from $415B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Norges Bank's Q1 2023 filing shows 81 new, 1,022 increased, 782 reduced and 124 closed positions. Its largest new stake was GE HealthCare: 2,602,917 shares worth $214M. The largest sale was Bank of America, an estimated $811M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2023 buy was GE HealthCare: 2,602,917 shares worth $214M.
- Norges Bank added most to Microsoft in Q1 2023, an estimated $764M increase.
- Norges Bank's biggest Q1 2023 reduction was Bank of America, cutting an estimated $811M.
- Norges Bank fully exited SVB Financial Group in Q1 2023, selling an estimated $141M.
- Norges Bank's ten largest holdings make up 24% of its $457B portfolio in Q1 2023.
- Norges Bank opened 81 new positions and closed 124 in Q1 2023.
- Norges Bank's portfolio value rose 10% quarter-over-quarter to $457B.
Based on Norges Bank's 13F filing for Q1 2023, filed 15 May 2023.