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 | |
|---|---|---|---|---|---|---|
1301
Helmerich & Payne
HP
$3.45B
| $17.9M | ﹤0.01% |
504,707
+70,704
| +16% | +$2.41M |
|
|
LAC
1302
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $17.8M | ﹤0.01% |
882,764
-31,667
| -3% | -$652K |
|
1303
Energizer
ENR
$1.44B
| $17.8M | ﹤0.01% |
531,235
+154,900
| +41% | +$5.18M |
|
1304
Materion
MTRN
$4.39B
| $17.8M | ﹤0.01% |
155,691
-12,945
| -8% | -$1.41M |
|
1305
Ginkgo Bioworks
DNA
$528M
| $17.8M | ﹤0.01% |
238,925
+80,060
| +50% | +$4.74M |
|
1306
TORM
TRMD
$3.1B
| $17.7M | ﹤0.01% |
737,526
| – | – |
|
|
DISH
1307
DELISTED
DISH Network Corp.
DISH
| $17.7M | ﹤0.01% |
2,689,899
+716,157
| +36% | +$5.07M |
|
|
B
1308
DELISTED
Barnes Group Inc.
B
| $17.7M | ﹤0.01% |
419,157
-64,835
| -13% | -$2.64M |
|
1309
Fulton Financial
FULT
$4.66B
| $17.6M | ﹤0.01% |
1,478,971
-210,430
| -12% | -$2.54M |
|
1310
Broadridge
BR
$17.8B
| $17.5M | ﹤0.01% |
105,957
+28,651
| +37% | +$4.34M |
|
1311
Peloton Interactive
PTON
$2.77B
| $17.5M | ﹤0.01% |
2,279,995
-1,047,321
| -31% | -$8.9M |
|
1312
SL Green Realty
SLG
$3.76B
| $17.4M | ﹤0.01% |
580,383
+325,475
| +128% | +$7.86M |
|
1313
Four Corners Property Trust
FCPT
$2.81B
| $17.4M | ﹤0.01% |
684,299
-274,752
| -29% | -$7.11M |
|
1314
Duolingo
DUOL
$6.28B
| $17.4M | ﹤0.01% |
121,562
-145,041
| -54% | -$20.8M |
|
|
ODP
1315
DELISTED
ODP
ODP
| $17.3M | ﹤0.01% |
368,467
-55,680
| -13% | -$2.39M |
|
1316
Samsara
IOT
$21.7B
| $17.2M | ﹤0.01% |
622,222
| – | – |
|
|
PRMW
1317
DELISTED
Primo Water Corporation
PRMW
| $17.2M | ﹤0.01% |
1,373,244
-127,073
| -8% | -$1.78M |
|
1318
National Vision
EYE
$1.77B
| $17.2M | ﹤0.01% |
708,438
+224,012
| +46% | +$5.21M |
|
1319
Sunstone Hotel Investors
SHO
$2.19B
| $17.1M | ﹤0.01% |
1,693,951
-138,547
| -8% | -$1.38M |
|
1320
Denali Therapeutics
DNLI
$3.65B
| $17.1M | ﹤0.01% |
580,334
-389,106
| -40% | -$10.9M |
|
|
LTHM
1321
DELISTED
Livent Corporation
LTHM
| $17.1M | ﹤0.01% |
623,150
-1,012,578
| -62% | -$24.3M |
|
1322
Cannae Holdings
CNNE
$639M
| $17M | ﹤0.01% |
841,336
+46,000
| +6% | +$883K |
|
1323
Stepan Co
SCL
$1.46B
| $17M | ﹤0.01% |
177,613
-25,782
| -13% | -$2.45M |
|
1324
Liberty Broadband Class A
LBRDA
$4.89B
| $17M | ﹤0.01% |
212,775
+67,350
| +46% | +$5.19M |
|
1325
Cracker Barrel
CBRL
$1.26B
| $16.8M | ﹤0.01% |
180,027
-8,619
| -5% | -$885K |
|
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.