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 | |
|---|---|---|---|---|---|---|
1226
Eastern Bankshares
EBC
$5.23B
| $19.2M | ﹤0.01% |
1,373,304
-156,843
| -10% | -$2.08M |
|
1227
Denali Therapeutics
DNLI
$3.97B
| $19.1M | ﹤0.01% |
823,941
-411,825
| -33% | -$7.91M |
|
1228
Strategic Education
STRA
$1.92B
| $19.1M | ﹤0.01% |
172,606
-6,747
| -4% | -$747K |
|
1229
Avista
AVA
$3.24B
| $18.9M | ﹤0.01% |
547,283
-82,652
| -13% | -$2.95M |
|
1230
CVB Financial
CVBF
$3.99B
| $18.8M | ﹤0.01% |
1,090,710
| – | – |
|
1231
Leonardo DRS
DRS
$12B
| $18.8M | ﹤0.01% |
737,114
-47,578
| -6% | -$1.09M |
|
|
JWN
1232
DELISTED
Nordstrom
JWN
| $18.8M | ﹤0.01% |
884,490
-98,514
| -10% | -$2.01M |
|
1233
Park Hotels & Resorts
PK
$2.97B
| $18.7M | ﹤0.01% |
1,245,453
-1,017,551
| -45% | -$16.3M |
|
|
PRMW
1234
DELISTED
Primo Water Corporation
PRMW
| $18.6M | ﹤0.01% |
852,746
-120,492
| -12% | -$2.48M |
|
1235
Shoals Technologies Group
SHLS
$1.5B
| $18.5M | ﹤0.01% |
2,972,131
+1,046,549
| +54% | +$8.35M |
|
1236
Sprout Social
SPT
$621M
| $18.5M | ﹤0.01% |
517,997
+151,898
| +41% | +$6.11M |
|
1237
Shake Shack
SHAK
$2.87B
| $18.4M | ﹤0.01% |
204,488
+16,477
| +9% | +$1.61M |
|
1238
Check Point Software Technologies
CHKP
$13.1B
| $18.3M | ﹤0.01% |
111,206
-77,018
| -41% | -$12M |
|
1239
Yeti Holdings
YETI
$3.95B
| $18.2M | ﹤0.01% |
478,297
-216,741
| -31% | -$8.44M |
|
1240
PENN Entertainment
PENN
$2.71B
| $18.1M | ﹤0.01% |
937,677
-439,100
| -32% | -$7.46M |
|
|
SII
1241
Sprott
SII
$3.03B
| $18.1M | ﹤0.01% |
438,261
+165,441
| +61% | +$6.94M |
|
1242
Kontoor Brands
KTB
$4.26B
| $18.1M | ﹤0.01% |
273,459
-56,566
| -17% | -$3.7M |
|
1243
Reynolds Consumer Products
REYN
$5.59B
| $18.1M | ﹤0.01% |
646,390
+105,721
| +20% | +$3.01M |
|
|
FL
1244
DELISTED
Foot Locker
FL
| $18M | ﹤0.01% |
722,367
+146,699
| +25% | +$3.49M |
|
|
TGNA
1245
DELISTED
TEGNA Inc
TGNA
| $18M | ﹤0.01% |
1,288,155
-1,707,722
| -57% | -$24.1M |
|
1246
Leggett & Platt
LEG
$1.31B
| $17.9M | ﹤0.01% |
1,564,977
+53,826
| +4% | +$760K |
|
1247
Vestis
VSTS
$1.88B
| $17.8M | ﹤0.01% |
1,452,849
-256,179
| -15% | -$3.7M |
|
1248
BancFirst
BANF
$3.8B
| $17.6M | ﹤0.01% |
200,201
-24,624
| -11% | -$2.14M |
|
1249
Hecla Mining
HL
$11.3B
| $17.5M | ﹤0.01% |
3,617,048
+1,564,123
| +76% | +$8.34M |
|
1250
Ralph Lauren
RL
$23.6B
| $17.5M | ﹤0.01% |
99,931
+57,444
| +135% | +$9.92M |
|
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.