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 | |
|---|---|---|---|---|---|---|
|
HEES
1401
DELISTED
H&E Equipment Services
HEES
| $11.8M | ﹤0.01% |
184,617
-41,438
| -18% | -$2.27M |
|
1402
Clearway Energy Class C
CWEN
$4.86B
| $11.8M | ﹤0.01% |
513,949
-11,494
| -2% | -$270K |
|
|
XHR
1403
Xenia Hotels & Resorts
XHR
$1.89B
| $11.8M | ﹤0.01% |
787,632
+69,079
| +10% | +$963K |
|
1404
Upbound Group
UPBD
$1.17B
| $11.8M | ﹤0.01% |
334,352
-23,902
| -7% | -$798K |
|
1405
Edgewell Personal Care
EPC
$1.35B
| $11.6M | ﹤0.01% |
299,463
-18,494
| -6% | -$698K |
|
1406
Gentherm
THRM
$1.28B
| $11.6M | ﹤0.01% |
200,698
-9,217
| -4% | -$480K |
|
|
TGI
1407
DELISTED
Triumph Group
TGI
| $11.5M | ﹤0.01% |
767,200
| – | – |
|
1408
Bloomin' Brands
BLMN
$1.01B
| $11.5M | ﹤0.01% |
401,633
+106,311
| +36% | +$2.89M |
|
1409
Cinemark Holdings
CNK
$4.38B
| $11.5M | ﹤0.01% |
638,758
+118,310
| +23% | +$1.86M |
|
1410
Virtus Investment Partners
VRTS
$1.08B
| $11.5M | ﹤0.01% |
46,282
-14,312
| -24% | -$3.39M |
|
|
CVSA
1411
Covista Inc
CVSA
$4.39B
| $11.5M | ﹤0.01% |
222,909
+59,103
| +36% | +$3.09M |
|
|
OPLN
1412
Openlane
OPLN
$4.05B
| $11.5M | ﹤0.01% |
661,971
-41,987
| -6% | -$631K |
|
1413
Skyward Specialty Insurance
SKWD
$2.56B
| $11.5M | ﹤0.01% |
306,100
| – | – |
|
1414
Teladoc Health
TDOC
$1.26B
| $11.4M | ﹤0.01% |
755,201
+304,436
| +68% | +$5.52M |
|
1415
Huron Consulting
HURN
$2.38B
| $11.4M | ﹤0.01% |
118,001
-22,665
| -16% | -$2.3M |
|
1416
Paycom
PAYC
$8.15B
| $11.2M | ﹤0.01% |
56,527
+24,261
| +75% | +$4.64M |
|
|
SQSP
1417
DELISTED
Squarespace, Inc.
SQSP
| $11.2M | ﹤0.01% |
+308,400
| New | +$10M |
|
1418
AZZ Inc
AZZ
$4.57B
| $11.2M | ﹤0.01% |
145,327
-21,920
| -13% | -$1.48M |
|
1419
Flywire
FLYW
$2.3B
| $11.2M | ﹤0.01% |
450,001
+12,400
| +3% | +$290K |
|
1420
Matsons
MATX
$6.22B
| $11.1M | ﹤0.01% |
98,875
+4,947
| +5% | +$557K |
|
1421
Century Communities
CCS
$2.03B
| $11.1M | ﹤0.01% |
114,970
-13,700
| -11% | -$1.2M |
|
|
CWEN.A
1422
DELISTED
Clearway Energy Class A
CWEN.A
| $11.1M | ﹤0.01% |
515,608
| – | – |
|
1423
ArcBest
ARCB
$3.17B
| $11M | ﹤0.01% |
77,348
| – | – |
|
|
VSTO
1424
DELISTED
Vista Outdoor Inc.
VSTO
| $11M | ﹤0.01% |
334,258
| – | – |
|
1425
TG Therapeutics
TGTX
$7.64B
| $10.8M | ﹤0.01% |
711,690
-363,347
| -34% | -$5.79M |
|
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.