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 |
SW
Smurfit Westrock
SW
|
+$1.25B |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$1.07B |
| 3 |
Broadcom
AVGO
|
+$991M |
| 4 |
LINE
Lineage Inc
LINE
|
+$962M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$841M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$1.29B |
| 2 |
T-Mobile US
TMUS
|
+$856M |
| 3 |
Simon Property Group
SPG
|
+$810M |
| 4 |
General Dynamics
GD
|
+$799M |
| 5 |
Workday
WDAY
|
+$644M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.35% |
| 2 | Financials | 14.21% |
| 3 | Healthcare | 11.51% |
| 4 | Consumer Discretionary | 10.72% |
| 5 | Communication Services | 8.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
PagerDuty
PD
$1.14B
| $19.6M | ﹤0.01% |
1,059,006
+389,566
| +58% | +$7.6M |
|
1227
PENN Entertainment
PENN
$2.38B
| $19.6M | ﹤0.01% |
1,040,620
+102,943
| +11% | +$1.96M |
|
1228
Middleby
MIDD
$5.02B
| $19.5M | ﹤0.01% |
140,170
+28,193
| +25% | +$3.79M |
|
1229
BOK Financial
BOKF
$8.25B
| $19.4M | ﹤0.01% |
185,115
| – | – |
|
1230
CRISPR Therapeutics
CRSP
$5.01B
| $19.3M | ﹤0.01% |
411,608
-238,600
| -37% | -$12.1M |
|
1231
CVB Financial
CVBF
$4.03B
| $18.5M | ﹤0.01% |
1,038,272
-52,438
| -5% | -$935K |
|
1232
iQIYI
IQ
$965M
| $18.4M | ﹤0.01% |
6,447,932
+714,241
| +12% | +$2.07M |
|
1233
Symbotic
SYM
$5.55B
| $18.3M | ﹤0.01% |
+750,000
| New | +$20.4M |
|
1234
Celsius Holdings
CELH
$6.99B
| $18.2M | ﹤0.01% |
579,106
| – | – |
|
1235
Edgewell Personal Care
EPC
$1.23B
| $18M | ﹤0.01% |
496,449
+235,057
| +90% | +$9.07M |
|
1236
Madison Square Garden
MSGE
$3.83B
| $17.9M | ﹤0.01% |
420,420
-16,017
| -4% | -$625K |
|
|
JWN
1237
DELISTED
Nordstrom
JWN
| $17.8M | ﹤0.01% |
791,119
-93,371
| -11% | -$2.07M |
|
1238
American Healthcare REIT
AHR
$11.6B
| $17.8M | ﹤0.01% |
680,477
-69,765
| -9% | -$1.36M |
|
1239
Valley National Bancorp
VLY
$7.63B
| $17.7M | ﹤0.01% |
1,955,791
+901,289
| +85% | +$7.32M |
|
1240
Sotera Health
SHC
$5.42B
| $17.7M | ﹤0.01% |
1,057,279
-159,846
| -13% | -$2.34M |
|
1241
XPeng
XPEV
$9.79B
| $17.5M | ﹤0.01% |
+1,438,159
| New | +$11.9M |
|
1242
Seagate
STX
$176B
| $17.3M | ﹤0.01% |
158,353
+37,468
| +31% | +$3.83M |
|
|
GRFS
1243
Grifois
GRFS
$5.01B
| $17.2M | ﹤0.01% |
1,940,000
-1,367,400
| -41% | -$11.1M |
|
1244
Pilgrim's Pride
PPC
$7.11B
| $17.2M | ﹤0.01% |
373,245
+344,773
| +1,211% | +$14.6M |
|
1245
Triple Flag Precious Metals
TFPM
$6.71B
| $16.9M | ﹤0.01% |
1,045,888
| – | – |
|
1246
QuantumScape Corp
QS
$3.11B
| $16.9M | ﹤0.01% |
2,938,350
+357,399
| +14% | +$2.2M |
|
1247
Coursera
COUR
$1.4B
| $16.8M | ﹤0.01% |
2,122,032
-247,044
| -10% | -$1.95M |
|
|
TPH
1248
DELISTED
Tri Pointe Homes
TPH
| $16.8M | ﹤0.01% |
370,621
-192,846
| -34% | -$8.25M |
|
1249
AAR Corp
AIR
$4.67B
| $16.7M | ﹤0.01% |
256,222
+89,977
| +54% | +$5.95M |
|
1250
Kennametal
KMT
$2.23B
| $16.7M | ﹤0.01% |
645,300
+277,085
| +75% | +$6.89M |
|
Similar funds
Norges Bank's Q3 2024 Portfolio in Review
As of Q3 2024, Norges Bank held 1,995 positions worth $716B, up 7% from $669B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Norges Bank's Q3 2024 filing shows 65 new, 724 increased, 864 reduced and 156 closed positions. Its largest new stake was Smurfit Westrock: 27,560,163 shares worth $1.36B. The largest sale was Berkshire Hathaway Class B, an estimated $1.29B.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2024 buy was Smurfit Westrock: 27,560,163 shares worth $1.36B.
- Norges Bank added most to Berkshire Hathaway Class A in Q3 2024, an estimated $1.07B increase.
- Norges Bank's biggest Q3 2024 reduction was Berkshire Hathaway Class B, cutting an estimated $1.29B.
- Norges Bank fully exited General Dynamics in Q3 2024, selling an estimated $799M.
- Norges Bank's ten largest holdings make up 30% of its $716B portfolio in Q3 2024.
- Norges Bank opened 65 new positions and closed 156 in Q3 2024.
- Norges Bank's portfolio value rose 7% quarter-over-quarter to $716B.
Based on Norges Bank's 13F filing for Q3 2024, filed 13 Nov 2024.