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 | |
|---|---|---|---|---|---|---|
1326
Northwest Natural Holdings
NWN
$2.06B
| $16.8M | ﹤0.01% |
389,545
+26,000
| +7% | +$1.17M |
|
1327
Leslie's
LESL
$8.9M
| $16.6M | ﹤0.01% |
88,603
+6,720
| +8% | +$1.39M |
|
|
AIV
1328
Aimco
AIV
$387M
| $16.6M | ﹤0.01% |
1,949,297
-97,388
| -5% | -$792K |
|
1329
Macerich
MAC
$7.33B
| $16.6M | ﹤0.01% |
1,473,156
-402,726
| -21% | -$4.1M |
|
1330
Trinity Industries
TRN
$2.49B
| $16.6M | ﹤0.01% |
645,322
-29,096
| -4% | -$665K |
|
1331
Sonos
SONO
$1.73B
| $16.6M | ﹤0.01% |
1,015,797
-80,456
| -7% | -$1.43M |
|
1332
MediaAlpha
MAX
$758M
| $16.5M | ﹤0.01% |
1,600,000
-82,700
| -5% | -$748K |
|
1333
Yelp
YELP
$1.45B
| $16.5M | ﹤0.01% |
453,003
-125,264
| -22% | -$4.04M |
|
|
AY
1334
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $16.4M | ﹤0.01% |
701,490
+19,762
| +3% | +$508K |
|
1335
Jack in the Box
JACK
$312M
| $16.4M | ﹤0.01% |
168,586
+15,566
| +10% | +$1.42M |
|
1336
Atlantic Union Bankshares
AUB
$6.02B
| $16.4M | ﹤0.01% |
633,158
+8,397
| +1% | +$237K |
|
|
PYCR
1337
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $16.4M | ﹤0.01% |
693,923
| – | – |
|
|
NOVA
1338
DELISTED
Sunnova Energy
NOVA
| $16.4M | ﹤0.01% |
896,908
+25,469
| +3% | +$432K |
|
1339
Worthington Enterprises
WOR
$2.75B
| $16.4M | ﹤0.01% |
383,193
-51,389
| -12% | -$1.9M |
|
1340
Hecla Mining
HL
$9.47B
| $16.4M | ﹤0.01% |
3,182,000
-4,100
| -0.1% | -$23.4K |
|
1341
Goosehead Insurance
GSHD
$2.2B
| $16.4M | ﹤0.01% |
260,100
+91,300
| +54% | +$5.25M |
|
|
HTO
1342
H2O America
HTO
$2.57B
| $16.3M | ﹤0.01% |
233,162
| – | – |
|
1343
Corcept Therapeutics
CORT
$12.4B
| $16.3M | ﹤0.01% |
732,980
+43,948
| +6% | +$1.01M |
|
1344
Uranium Energy
UEC
$4.75B
| $16.3M | ﹤0.01% |
+4,791,525
| New | +$13.7M |
|
1345
Minerals Technologies
MTX
$2.36B
| $16.2M | ﹤0.01% |
280,938
| – | – |
|
1346
Grand Canyon Education
LOPE
$3.79B
| $16.1M | ﹤0.01% |
156,177
+56,757
| +57% | +$6.24M |
|
1347
Winnebago Industries
WGO
$856M
| $16.1M | ﹤0.01% |
241,348
-12,116
| -5% | -$723K |
|
|
KW
1348
DELISTED
Kennedy-Wilson Holdings
KW
| $16.1M | ﹤0.01% |
985,280
-24,111
| -2% | -$385K |
|
1349
Stride
LRN
$3.41B
| $16M | ﹤0.01% |
431,100
| – | – |
|
1350
Mercury Systems
MRCY
$5.83B
| $16M | ﹤0.01% |
463,370
+142,088
| +44% | +$6.07M |
|
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.