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 | |
|---|---|---|---|---|---|---|
1401
First Merchants
FRME
$2.67B
| $9.93M | ﹤0.01% |
298,154
-69,101
| -19% | -$2.31M |
|
|
CMBT
1402
CMB.TECH NV
CMBT
$4.73B
| $9.89M | ﹤0.01% |
600,664
| – | – |
|
1403
TTM Technologies
TTMI
$14.5B
| $9.73M | ﹤0.01% |
500,569
-138,091
| -22% | -$2.36M |
|
|
NVMI
1404
Nova
NVMI
$12.5B
| $9.69M | ﹤0.01% |
41,296
-16,429
| -28% | -$3.25M |
|
1405
Viking Therapeutics
VKTX
$4B
| $9.67M | ﹤0.01% |
182,369
+100,670
| +123% | +$6.6M |
|
1406
Beam Therapeutics
BEAM
$2.84B
| $9.63M | ﹤0.01% |
410,799
+116,108
| +39% | +$2.85M |
|
1407
Materion
MTRN
$6.04B
| $9.54M | ﹤0.01% |
88,190
-18,635
| -17% | -$2.14M |
|
1408
AstraZeneca
AZN
$250B
| $9.42M | ﹤0.01% |
60,395
-305,113
| -83% | -$45.9M |
|
1409
Huron Consulting
HURN
$2.42B
| $9.4M | ﹤0.01% |
95,473
-22,528
| -19% | -$2.07M |
|
1410
Ibotta
IBTA
$774M
| $9.39M | ﹤0.01% |
+125,000
| New | +$11.6M |
|
1411
Skyward Specialty Insurance
SKWD
$2.58B
| $9.37M | ﹤0.01% |
259,000
-47,100
| -15% | -$1.71M |
|
|
B
1412
DELISTED
Barnes Group Inc.
B
| $9.33M | ﹤0.01% |
225,283
-37,436
| -14% | -$1.41M |
|
1413
SEI Investments
SEIC
$12.6B
| $9.28M | ﹤0.01% |
143,529
-172,483
| -55% | -$11.6M |
|
|
CALY
1414
Callaway Golf Company
CALY
$3.14B
| $9.26M | ﹤0.01% |
605,182
-380,948
| -39% | -$5.95M |
|
1415
RLJ Lodging Trust
RLJ
$1.69B
| $9.09M | ﹤0.01% |
943,588
+48,081
| +5% | +$506K |
|
1416
Ironwood Pharmaceuticals
IRWD
$711M
| $9.08M | ﹤0.01% |
1,393,077
+743,898
| +115% | +$5.26M |
|
1417
LiveRamp
RAMP
$2.3B
| $9.05M | ﹤0.01% |
292,440
-82,055
| -22% | -$2.64M |
|
1418
iRhythm Holdings
IRTC
$4.2B
| $9.03M | ﹤0.01% |
83,926
-151,244
| -64% | -$15.4M |
|
1419
Towne Bank
TOWN
$3.42B
| $9.02M | ﹤0.01% |
330,788
-15,462
| -4% | -$416K |
|
1420
Renasant Corp
RNST
$3.91B
| $9.01M | ﹤0.01% |
294,995
-37,088
| -11% | -$1.1M |
|
1421
Liberty Latin America Class C
LILAK
$1.64B
| $8.98M | ﹤0.01% |
1,027,154
-203,799
| -17% | -$1.52M |
|
1422
Telephone and Data Systems
TDS
$3.75B
| $8.82M | ﹤0.01% |
425,690
-21,425
| -5% | -$387K |
|
1423
NOV
NOV
$7B
| $8.81M | ﹤0.01% |
463,535
-55,029
| -11% | -$1.03M |
|
1424
Red Rock Resorts
RRR
$3.62B
| $8.77M | ﹤0.01% |
159,600
-63,141
| -28% | -$3.43M |
|
1425
Trustmark
TRMK
$2.75B
| $8.72M | ﹤0.01% |
290,249
-64,046
| -18% | -$1.84M |
|
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.