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 | |
|---|---|---|---|---|---|---|
1276
Vir Biotechnology
VIR
$1.46B
| $19.1M | ﹤0.01% |
777,150
+140,200
| +22% | +$3.52M |
|
1277
Bloomin' Brands
BLMN
$741M
| $19.1M | ﹤0.01% |
708,849
-383,397
| -35% | -$9.6M |
|
1278
Evertec
EVTC
$1.88B
| $19M | ﹤0.01% |
515,578
-11,051
| -2% | -$383K |
|
1279
MP Materials
MP
$7.36B
| $19M | ﹤0.01% |
828,440
+35,562
| +4% | +$815K |
|
1280
Zillow
Z
$7.79B
| $18.9M | ﹤0.01% |
375,929
-2,255
| -0.6% | -$104K |
|
1281
First Interstate BancSystem
FIBK
$3.69B
| $18.9M | ﹤0.01% |
792,283
-177,106
| -18% | -$4.47M |
|
|
THS
1282
DELISTED
Treehouse Foods
THS
| $18.8M | ﹤0.01% |
373,634
+116,975
| +46% | +$6M |
|
1283
STAAR Surgical
STAA
$1.21B
| $18.8M | ﹤0.01% |
357,497
+1,780
| +0.5% | +$108K |
|
1284
CVB Financial
CVBF
$3.94B
| $18.7M | ﹤0.01% |
1,411,346
+159,034
| +13% | +$2.19M |
|
1285
Axos Financial
AX
$5.77B
| $18.7M | ﹤0.01% |
474,777
-31,422
| -6% | -$1.22M |
|
1286
Sotera Health
SHC
$5.09B
| $18.7M | ﹤0.01% |
993,423
+6,216
| +0.6% | +$98.8K |
|
1287
Piper Sandler
PIPR
$5.12B
| $18.7M | ﹤0.01% |
578,012
-122,156
| -17% | -$4.03M |
|
1288
Verra Mobility
VRRM
$804M
| $18.6M | ﹤0.01% |
943,999
| – | – |
|
1289
Delek US
DK
$4.16B
| $18.5M | ﹤0.01% |
772,184
+73,529
| +11% | +$1.67M |
|
1290
NMI Holdings
NMIH
$3.33B
| $18.5M | ﹤0.01% |
716,239
| – | – |
|
1291
Tanger
SKT
$4.67B
| $18.4M | ﹤0.01% |
835,861
-23,277
| -3% | -$467K |
|
|
SAGE
1292
DELISTED
Sage Therapeutics
SAGE
| $18.4M | ﹤0.01% |
391,771
| – | – |
|
1293
Graham Holdings Company
GHC
$5.1B
| $18.3M | ﹤0.01% |
31,962
-1,805
| -5% | -$1.05M |
|
1294
TripAdvisor
TRIP
$1.65B
| $18.3M | ﹤0.01% |
1,107,468
+51,821
| +5% | +$877K |
|
1295
Kohl's
KSS
$2.17B
| $18.2M | ﹤0.01% |
790,464
-698,598
| -47% | -$15.1M |
|
1296
NeoGenomics
NEO
$1.96B
| $18.1M | ﹤0.01% |
1,125,549
-20,672
| -2% | -$341K |
|
1297
COPT Defense Properties
CDP
$4.3B
| $18.1M | ﹤0.01% |
761,405
-323,776
| -30% | -$7.55M |
|
|
WBX
1298
Wallbox
WBX
$77.9M
| $18.1M | ﹤0.01% |
254,945
+104,945
| +70% | +$6.93M |
|
1299
Dana Inc
DAN
$2.9B
| $18M | ﹤0.01% |
1,059,098
| – | – |
|
|
PPBI
1300
DELISTED
Pacific Premier Bancorp
PPBI
| $18M | ﹤0.01% |
868,073
-118,663
| -12% | -$2.47M |
|
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.