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 |
Microsoft
MSFT
|
+$1.04B |
| 2 |
Amazon
AMZN
|
+$902M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$877M |
| 4 |
Apple
AAPL
|
+$767M |
| 5 |
NVIDIA
NVDA
|
+$684M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shell
SHEL
|
+$444M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$415M |
| 3 |
Qualcomm
QCOM
|
+$385M |
| 4 |
Synopsys
SNPS
|
+$314M |
| 5 |
Accenture
ACN
|
+$249M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.89% |
| 2 | Financials | 13.39% |
| 3 | Healthcare | 13.16% |
| 4 | Consumer Discretionary | 11.33% |
| 5 | Communication Services | 8.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1451
Virtus Investment Partners
VRTS
$1.06B
| $12.3M | ﹤0.01% |
62,201
| – | – |
|
|
VSXY
1452
Victoria's Secret
VSXY
$7.05B
| $12.3M | ﹤0.01% |
704,393
-113,437
| -14% | -$2.86M |
|
1453
BGC Group
BGC
$5.52B
| $12.3M | ﹤0.01% |
2,770,368
| – | – |
|
|
CERE
1454
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $12.3M | ﹤0.01% |
385,712
-36,424
| -9% | -$1.12M |
|
1455
WesBanco
WSBC
$3.97B
| $12.3M | ﹤0.01% |
478,396
-21,626
| -4% | -$563K |
|
1456
InMode
INMD
$870M
| $12.2M | ﹤0.01% |
326,919
-146,411
| -31% | -$5.12M |
|
1457
Renasant Corp
RNST
$3.98B
| $12.2M | ﹤0.01% |
466,794
-11,596
| -2% | -$321K |
|
|
XHR
1458
Xenia Hotels & Resorts
XHR
$1.9B
| $12.2M | ﹤0.01% |
988,842
-434,132
| -31% | -$5.41M |
|
1459
LGI Homes
LGIH
$1.27B
| $12.1M | ﹤0.01% |
89,839
-8,728
| -9% | -$1.05M |
|
1460
Archrock
AROC
$6.27B
| $12.1M | ﹤0.01% |
1,179,983
| – | – |
|
1461
Palantir
PLTR
$295B
| $12M | ﹤0.01% |
781,574
+259,157
| +50% | +$2.95M |
|
1462
Ironwood Pharmaceuticals
IRWD
$696M
| $12M | ﹤0.01% |
1,123,821
-412,953
| -27% | -$4.44M |
|
1463
Sylvamo
SLVM
$1.49B
| $11.9M | ﹤0.01% |
293,765
-275,500
| -48% | -$11.9M |
|
|
PRO
1464
DELISTED
PROS Holdings
PRO
| $11.9M | ﹤0.01% |
385,539
-26,634
| -6% | -$749K |
|
1465
JELD-WEN Holding
JELD
$122M
| $11.9M | ﹤0.01% |
676,459
-110,300
| -14% | -$1.54M |
|
1466
Under Armour Class C
UA
$2.77B
| $11.8M | ﹤0.01% |
1,757,202
-1,840,129
| -51% | -$13.5M |
|
1467
Pebblebrook Hotel Trust
PEB
$2.15B
| $11.7M | ﹤0.01% |
841,790
-152,926
| -15% | -$2.13M |
|
|
CMRC
1468
Commerce.com Inc Series 1
CMRC
$258M
| $11.7M | ﹤0.01% |
1,178,854
+8,549
| +0.7% | +$71.3K |
|
1469
Palomar
PLMR
$3.55B
| $11.7M | ﹤0.01% |
201,122
| – | – |
|
1470
Under Armour
UAA
$2.84B
| $11.6M | ﹤0.01% |
1,612,904
+1,435,739
| +810% | +$11.5M |
|
|
GTY
1471
Getty Realty Corp
GTY
$2.11B
| $11.6M | ﹤0.01% |
343,343
-253,955
| -43% | -$8.64M |
|
1472
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $11.6M | ﹤0.01% |
424,149
-11,933
| -3% | -$310K |
|
|
VRE
1473
DELISTED
Veris Residential
VRE
| $11.6M | ﹤0.01% |
720,547
-195,646
| -21% | -$3.16M |
|
|
SVC
1474
Service Properties Trust
SVC
$1.04B
| $11.6M | ﹤0.01% |
265,947
-66,436
| -20% | -$2.92M |
|
1475
Central Garden & Pet Co Class A
CENTA
$2.37B
| $11.5M | ﹤0.01% |
395,809
-23,134
| -6% | -$668K |
|
Similar funds
Norges Bank's Q2 2023 Portfolio in Review
As of Q2 2023, Norges Bank held 2,145 positions worth $507B, up 11% from $457B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Norges Bank's Q2 2023 filing shows 58 new, 905 increased, 790 reduced and 138 closed positions. Its largest new stake was Kenvue: 7,326,131 shares worth $194M. The largest sale was Shell, an estimated $444M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 26% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q2 2023 buy was Kenvue: 7,326,131 shares worth $194M.
- Norges Bank added most to Microsoft in Q2 2023, an estimated $1.04B increase.
- Norges Bank's biggest Q2 2023 reduction was Shell, cutting an estimated $444M.
- Norges Bank fully exited Evoqua Water Technologies Corp. Common Stock in Q2 2023, selling an estimated $175M.
- Norges Bank's ten largest holdings make up 27% of its $507B portfolio in Q2 2023.
- Norges Bank opened 58 new positions and closed 138 in Q2 2023.
- Norges Bank's portfolio value rose 11% quarter-over-quarter to $507B.
Based on Norges Bank's 13F filing for Q2 2023, filed 14 Aug 2023.