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 | |
|---|---|---|---|---|---|---|
1426
Four Corners Property Trust
FCPT
$2.75B
| $8.71M | ﹤0.01% |
353,127
-197,103
| -36% | -$4.75M |
|
1427
Bank of N.T. Butterfield & Son
NTB
$2.45B
| $8.71M | ﹤0.01% |
247,913
-53,358
| -18% | -$1.79M |
|
1428
MP Materials
MP
$9.1B
| $8.68M | ﹤0.01% |
681,886
+437,262
| +179% | +$6.86M |
|
1429
Kennametal
KMT
$2.52B
| $8.67M | ﹤0.01% |
368,215
-387,969
| -51% | -$9.53M |
|
1430
Brinker International
EAT
$9.66B
| $8.58M | ﹤0.01% |
118,554
+33,959
| +40% | +$2.02M |
|
|
NBIS
1431
Nebius Group N.V.
NBIS
$47.7B
| $8.56M | ﹤0.01% |
2,934,312
| – | – |
|
1432
N-able
NABL
$940M
| $8.54M | ﹤0.01% |
560,915
+24,513
| +5% | +$323K |
|
1433
Weibo
WB
$1.95B
| $8.54M | ﹤0.01% |
1,112,252
+319,181
| +40% | +$2.78M |
|
1434
NeoGenomics
NEO
$2.13B
| $8.41M | ﹤0.01% |
606,341
-325,276
| -35% | -$4.61M |
|
1435
LGI Homes
LGIH
$1.4B
| $8.38M | ﹤0.01% |
93,624
-23,848
| -20% | -$2.3M |
|
|
NVEI
1436
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $8.35M | ﹤0.01% |
257,900
| – | – |
|
1437
Stepan Co
SCL
$1.48B
| $8.35M | ﹤0.01% |
99,432
-16,795
| -14% | -$1.43M |
|
1438
Qualys
QLYS
$6.35B
| $8.35M | ﹤0.01% |
58,525
+40,725
| +229% | +$6.2M |
|
|
PRO
1439
DELISTED
PROS Holdings
PRO
| $8.32M | ﹤0.01% |
290,376
-48,074
| -14% | -$1.53M |
|
1440
Gaotu Techedu
GOTU
$436M
| $8.29M | ﹤0.01% |
+1,692,267
| New | +$10.6M |
|
|
OPLN
1441
Openlane
OPLN
$4.54B
| $8.23M | ﹤0.01% |
496,247
-165,724
| -25% | -$2.84M |
|
1442
Paycom
PAYC
$10B
| $8.21M | ﹤0.01% |
57,368
+841
| +1% | +$144K |
|
1443
City Holding Co
CHCO
$2.04B
| $8.14M | ﹤0.01% |
76,582
-14,251
| -16% | -$1.46M |
|
1444
NCR Atleos
NATL
$3.44B
| $8.12M | ﹤0.01% |
300,400
+220,200
| +275% | +$5.37M |
|
1445
ScottsMiracle-Gro
SMG
$3.66B
| $8.1M | ﹤0.01% |
124,548
+44,558
| +56% | +$3.05M |
|
1446
Fortrea Holdings
FTRE
$1.75B
| $8.08M | ﹤0.01% |
346,242
-192,588
| -36% | -$5.98M |
|
1447
Adient
ADNT
$1.5B
| $8.07M | ﹤0.01% |
326,480
-99,544
| -23% | -$2.83M |
|
1448
Diamondrock Hospitality Co
DRH
$2.56B
| $8.04M | ﹤0.01% |
951,825
-325,521
| -25% | -$2.83M |
|
1449
Banner Corp
BANR
$2.4B
| $8.04M | ﹤0.01% |
161,958
-48,815
| -23% | -$2.24M |
|
1450
Fluence Energy
FLNC
$2.44B
| $8.02M | ﹤0.01% |
462,274
-46,718
| -9% | -$896K |
|
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.