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 A
GOOGL
|
+$2.32B |
| 2 |
Apple
AAPL
|
+$2.24B |
| 3 |
Microsoft
MSFT
|
+$1.26B |
| 4 |
Amazon
AMZN
|
+$1.21B |
| 5 |
ExxonMobil
XOM
|
+$882M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.69B |
| 2 |
Palo Alto Networks
PANW
|
+$614M |
| 3 |
Booking.com
BKNG
|
+$591M |
| 4 |
Equinix
EQIX
|
+$417M |
| 5 |
Micron Technology
MU
|
+$324M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.28% |
| 2 | Financials | 13.68% |
| 3 | Healthcare | 11.64% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Communication Services | 8.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LSXMA
1351
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $11.7M | ﹤0.01% |
530,424
| – | – |
|
1352
First Financial Bancorp
FFBC
$3.53B
| $11.7M | ﹤0.01% |
525,870
-63,770
| -11% | -$1.41M |
|
|
CWEN.A
1353
DELISTED
Clearway Energy Class A
CWEN.A
| $11.7M | ﹤0.01% |
515,608
| – | – |
|
1354
Liberty Broadband Class A
LBRDA
$5.16B
| $11.7M | ﹤0.01% |
213,775
| – | – |
|
1355
Wendy's
WEN
$1.46B
| $11.6M | ﹤0.01% |
685,982
-541,056
| -44% | -$9.83M |
|
1356
Oceaneering
OII
$4.77B
| $11.6M | ﹤0.01% |
490,392
-151,659
| -24% | -$3.5M |
|
1357
DigitalOcean
DOCN
$14.6B
| $11.6M | ﹤0.01% |
333,837
-60,091
| -15% | -$2.14M |
|
1358
ACM Research
ACMR
$5.79B
| $11.6M | ﹤0.01% |
502,100
+212,100
| +73% | +$5.37M |
|
|
ETWO
1359
DELISTED
E2open Parent Holdings
ETWO
| $11.5M | ﹤0.01% |
2,565,882
-189,966
| -7% | -$856K |
|
|
TGI
1360
DELISTED
Triumph Group
TGI
| $11.4M | ﹤0.01% |
739,000
-28,200
| -4% | -$402K |
|
1361
Extreme Networks
EXTR
$3.15B
| $11.4M | ﹤0.01% |
845,004
+495,200
| +142% | +$5.69M |
|
1362
Carter's
CRI
$1.47B
| $11.1M | ﹤0.01% |
179,353
-244,709
| -58% | -$17M |
|
1363
CarGurus
CARG
$3.52B
| $11.1M | ﹤0.01% |
422,148
-120,032
| -22% | -$2.86M |
|
1364
The Greenbrier Companies
GBX
$1.46B
| $11M | ﹤0.01% |
222,243
+30,883
| +16% | +$1.6M |
|
1365
American Healthcare REIT
AHR
$10.9B
| $11M | ﹤0.01% |
750,242
-680,758
| -48% | -$9.62M |
|
1366
Kulicke & Soffa
KLIC
$4.78B
| $11M | ﹤0.01% |
222,717
-101,932
| -31% | -$4.79M |
|
1367
AZZ Inc
AZZ
$4.54B
| $10.9M | ﹤0.01% |
140,804
-4,523
| -3% | -$354K |
|
1368
Box
BOX
$4.6B
| $10.8M | ﹤0.01% |
408,287
-532,716
| -57% | -$14.2M |
|
1369
Patrick Industries
PATK
$2.95B
| $10.8M | ﹤0.01% |
149,162
-30,529
| -17% | -$2.23M |
|
|
GTY
1370
Getty Realty Corp
GTY
$2.07B
| $10.8M | ﹤0.01% |
404,128
+134,978
| +50% | +$3.67M |
|
|
AAT
1371
American Assets Trust
AAT
$1.4B
| $10.8M | ﹤0.01% |
480,863
+14,484
| +3% | +$312K |
|
|
HEES
1372
DELISTED
H&E Equipment Services
HEES
| $10.7M | ﹤0.01% |
243,313
+58,696
| +32% | +$3.01M |
|
1373
Samsara
IOT
$23.8B
| $10.7M | ﹤0.01% |
318,640
+4,397
| +1% | +$152K |
|
1374
WaFd
WAFD
$2.75B
| $10.7M | ﹤0.01% |
375,480
-38,131
| -9% | -$1.06M |
|
1375
Sunstone Hotel Investors
SHO
$2.06B
| $10.7M | ﹤0.01% |
1,022,570
-130,915
| -11% | -$1.36M |
|
Similar funds
Norges Bank's Q2 2024 Portfolio in Review
As of Q2 2024, Norges Bank held 2,011 positions worth $669B, up 5.6% from $634B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Norges Bank's Q2 2024 filing shows 126 new, 838 increased, 818 reduced and 81 closed positions. Its largest new stake was Ferrovial N.V. Ordinary Shares: 12,011,984 shares worth $462M. The largest sale was Alphabet (Google) Class C, an estimated $1.69B.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q2 2024 buy was Ferrovial N.V. Ordinary Shares: 12,011,984 shares worth $462M.
- Norges Bank added most to Alphabet (Google) Class A in Q2 2024, an estimated $2.32B increase.
- Norges Bank's biggest Q2 2024 reduction was Alphabet (Google) Class C, cutting an estimated $1.69B.
- Norges Bank fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $168M.
- Norges Bank's ten largest holdings make up 31% of its $669B portfolio in Q2 2024.
- Norges Bank opened 126 new positions and closed 81 in Q2 2024.
- Norges Bank's portfolio value rose 5.6% quarter-over-quarter to $669B.
Based on Norges Bank's 13F filing for Q2 2024, filed 14 Aug 2024.