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 C
GOOG
|
+$1.19B |
| 2 |
Flutter Entertainment
FLUT
|
+$879M |
| 3 |
UnitedHealth
UNH
|
+$494M |
| 4 |
Micron Technology
MU
|
+$474M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$426M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$2.41B |
| 2 |
Apple
AAPL
|
+$1.93B |
| 3 |
T-Mobile US
TMUS
|
+$825M |
| 4 |
Amazon
AMZN
|
+$690M |
| 5 |
Microsoft
MSFT
|
+$583M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.02% |
| 2 | Financials | 14.31% |
| 3 | Healthcare | 12.25% |
| 4 | Consumer Discretionary | 10.83% |
| 5 | Communication Services | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CALY
1326
Callaway Golf Company
CALY
$3.44B
| $15.9M | ﹤0.01% |
986,130
+256,230
| +35% | +$3.64M |
|
1327
Liberty Energy
LBRT
$3.17B
| $15.9M | ﹤0.01% |
765,011
| – | – |
|
1328
CVR Energy
CVI
$3.14B
| $15.8M | ﹤0.01% |
442,882
+61,118
| +16% | +$2.03M |
|
|
LSXMA
1329
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $15.8M | ﹤0.01% |
530,424
-40,115
| -7% | -$1.21M |
|
1330
Yelp
YELP
$1.41B
| $15.7M | ﹤0.01% |
399,660
-37,975
| -9% | -$1.57M |
|
1331
CNA Financial
CNA
$14.2B
| $15.6M | ﹤0.01% |
344,435
+6,542
| +2% | +$289K |
|
|
INFA
1332
DELISTED
Informatica
INFA
| $15.6M | ﹤0.01% |
+444,741
| New | +$14M |
|
1333
New Fortress Energy
NFE
$95.4M
| $15.5M | ﹤0.01% |
506,065
-120,955
| -19% | -$3.97M |
|
|
ACH
1334
Accendra Health
ACH
$227M
| $15.4M | ﹤0.01% |
557,359
+82,000
| +17% | +$1.82M |
|
1335
AMN Healthcare
AMN
$1.27B
| $15.4M | ﹤0.01% |
247,026
-18,249
| -7% | -$1.24M |
|
1336
Reynolds Consumer Products
REYN
$5.64B
| $15.4M | ﹤0.01% |
540,669
+282,706
| +110% | +$7.97M |
|
1337
Toro Company
TTC
$9.42B
| $15.2M | ﹤0.01% |
166,030
-915,176
| -85% | -$84.4M |
|
1338
Triple Flag Precious Metals
TFPM
$6.46B
| $15.1M | ﹤0.01% |
1,045,888
-8,294
| -0.8% | -$107K |
|
1339
Atlantic Union Bankshares
AUB
$6.11B
| $15.1M | ﹤0.01% |
427,771
-89,529
| -17% | -$3.08M |
|
|
GRFS
1340
Grifois
GRFS
$5.4B
| $15.1M | ﹤0.01% |
2,260,944
| – | – |
|
1341
Virtu Financial
VIRT
$5.16B
| $15.1M | ﹤0.01% |
734,052
+113,373
| +18% | +$2.09M |
|
1342
OSI Systems
OSIS
$3.87B
| $15.1M | ﹤0.01% |
105,399
-10,226
| -9% | -$1.34M |
|
1343
DigitalOcean
DOCN
$14.6B
| $15M | ﹤0.01% |
393,928
-87,409
| -18% | -$3.25M |
|
1344
Arbor Realty Trust
ABR
$965M
| $15M | ﹤0.01% |
1,135,050
-101,795
| -8% | -$1.36M |
|
1345
Oceaneering
OII
$4.78B
| $15M | ﹤0.01% |
642,051
-70,411
| -10% | -$1.48M |
|
1346
BlackLine
BL
$1.79B
| $15M | ﹤0.01% |
232,564
-38,532
| -14% | -$2.34M |
|
1347
Bread Financial
BFH
$4.54B
| $15M | ﹤0.01% |
401,894
-34,193
| -8% | -$1.21M |
|
1348
Frontdoor
FTDR
$5.36B
| $14.9M | ﹤0.01% |
456,391
-75,272
| -14% | -$2.44M |
|
1349
Hess Midstream
HESM
$5.15B
| $14.8M | ﹤0.01% |
+410,200
| New | +$13.9M |
|
|
PYCR
1350
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $14.7M | ﹤0.01% |
758,621
+61,347
| +9% | +$1.23M |
|
Similar funds
Norges Bank's Q1 2024 Portfolio in Review
As of Q1 2024, Norges Bank held 1,998 positions worth $634B, up 11% from $572B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Norges Bank's Q1 2024 filing shows 56 new, 971 increased, 737 reduced and 113 closed positions. Its largest new stake was Flutter Entertainment: 4,117,926 shares worth $820M. The largest sale was Alphabet (Google) Class A, an estimated $2.41B.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2024 buy was Flutter Entertainment: 4,117,926 shares worth $820M.
- Norges Bank added most to Alphabet (Google) Class C in Q1 2024, an estimated $1.19B increase.
- Norges Bank's biggest Q1 2024 reduction was Alphabet (Google) Class A, cutting an estimated $2.41B.
- Norges Bank fully exited Splunk Inc in Q1 2024, selling an estimated $379M.
- Norges Bank's ten largest holdings make up 27% of its $634B portfolio in Q1 2024.
- Norges Bank opened 56 new positions and closed 113 in Q1 2024.
- Norges Bank's portfolio value rose 11% quarter-over-quarter to $634B.
Based on Norges Bank's 13F filing for Q1 2024, filed 14 May 2024.