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 | |
|---|---|---|---|---|---|---|
1326
NIO
NIO
$9.02B
| $11.8M | ﹤0.01% |
+1,770,372
| New | +$8.14M |
|
1327
News Corp Class B
NWS
$18.1B
| $11.8M | ﹤0.01% |
423,068
+4,201
| +1% | +$118K |
|
1328
Under Armour
UAA
$2.13B
| $11.8M | ﹤0.01% |
1,321,636
-700,675
| -35% | -$5.21M |
|
1329
Veeco
VECO
$2.5B
| $11.7M | ﹤0.01% |
+354,176
| New | +$13.3M |
|
1330
FIGS
FIGS
$2.21B
| $11.6M | ﹤0.01% |
1,700,000
+1,308,606
| +334% | +$7.63M |
|
1331
Brinker International
EAT
$8.5B
| $11.6M | ﹤0.01% |
151,530
+32,976
| +28% | +$2.27M |
|
1332
Denali Therapeutics
DNLI
$3.26B
| $11.6M | ﹤0.01% |
397,539
-426,402
| -52% | -$10.6M |
|
1333
Sunrun
RUN
$2.02B
| $11.5M | ﹤0.01% |
639,336
+117,405
| +22% | +$2.09M |
|
1334
Silicon Motion
SIMO
$8.11B
| $11.5M | ﹤0.01% |
190,000
+146,456
| +336% | +$9.65M |
|
1335
Cinemark Holdings
CNK
$3.93B
| $11.5M | ﹤0.01% |
412,339
-132,104
| -24% | -$3.36M |
|
1336
Innospec
IOSP
$2.26B
| $11.4M | ﹤0.01% |
100,866
-57,766
| -36% | -$6.72M |
|
1337
Outfront Media
OUT
$4.95B
| $11.4M | ﹤0.01% |
630,413
-522,821
| -45% | -$8.3M |
|
1338
Liberty Energy
LBRT
$3.18B
| $11.4M | ﹤0.01% |
596,630
-168,381
| -22% | -$3.48M |
|
1339
Graham Holdings Company
GHC
$4.91B
| $11.3M | ﹤0.01% |
13,807
-4,333
| -24% | -$3.29M |
|
1340
Dillards
DDS
$10B
| $11.3M | ﹤0.01% |
29,457
| – | – |
|
1341
Weibo
WB
$1.62B
| $11.2M | ﹤0.01% |
1,112,252
| – | – |
|
1342
Virtu Financial
VIRT
$5.12B
| $11.1M | ﹤0.01% |
364,340
-313,164
| -46% | -$8.93M |
|
1343
Century Communities
CCS
$1.74B
| $11.1M | ﹤0.01% |
107,464
-21,206
| -16% | -$2.03M |
|
1344
Quaker Houghton
KWR
$2.66B
| $11M | ﹤0.01% |
65,574
-49,107
| -43% | -$8.3M |
|
|
ETWO
1345
DELISTED
E2open Parent Holdings
ETWO
| $11M | ﹤0.01% |
2,500,947
-64,935
| -3% | -$284K |
|
1346
Arbor Realty Trust
ABR
$843M
| $10.9M | ﹤0.01% |
697,437
-228,577
| -25% | -$3.18M |
|
1347
National Beverage
FIZZ
$2.94B
| $10.7M | ﹤0.01% |
227,754
+100,271
| +79% | +$4.76M |
|
1348
CBIZ
CBZ
$2.97B
| $10.7M | ﹤0.01% |
158,603
-134,117
| -46% | -$9.75M |
|
|
CVSA
1349
Covista Inc
CVSA
$4.3B
| $10.6M | ﹤0.01% |
140,920
-61,243
| -30% | -$4.52M |
|
1350
Qualys
QLYS
$6.41B
| $10.6M | ﹤0.01% |
82,514
+23,989
| +41% | +$3.17M |
|
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.