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
|
+$764M |
| 2 |
UBS Group
UBS
|
+$753M |
| 3 |
Apple
AAPL
|
+$665M |
| 4 |
JPMorgan Chase
JPM
|
+$621M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$498M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$811M |
| 2 |
Oracle
ORCL
|
+$505M |
| 3 |
T-Mobile US
TMUS
|
+$390M |
| 4 |
Deutsche Bank
DB
|
+$275M |
| 5 |
GE Aerospace
GE
|
+$240M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.11% |
| 2 | Financials | 13.76% |
| 3 | Healthcare | 13.71% |
| 4 | Consumer Discretionary | 10.81% |
| 5 | Communication Services | 7.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
Ubiquiti
UI
$34.4B
| $12.9M | ﹤0.01% |
47,572
+15,200
| +47% | +$4.2M |
|
1477
Northwest Bancshares
NWBI
$2.34B
| $12.9M | ﹤0.01% |
1,071,213
-64,331
| -6% | -$873K |
|
|
EVBG
1478
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $12.9M | ﹤0.01% |
371,310
-16,656
| -4% | -$532K |
|
1479
Enovix
ENVX
$936M
| $12.8M | ﹤0.01% |
984,326
-222,995
| -18% | -$1.83M |
|
1480
American Eagle Outfitters
AEO
$2.99B
| $12.8M | ﹤0.01% |
952,883
-203,042
| -18% | -$2.98M |
|
|
LADR
1481
Ladder Capital
LADR
$1.2B
| $12.8M | ﹤0.01% |
1,353,081
+269,139
| +25% | +$2.85M |
|
1482
Shift4
FOUR
$4.23B
| $12.7M | ﹤0.01% |
168,036
-40,020
| -19% | -$2.58M |
|
|
PWSC
1483
DELISTED
PowerSchool Holdings, Inc.
PWSC
| $12.7M | ﹤0.01% |
639,249
+423,856
| +197% | +$9.28M |
|
1484
Maravai LifeSciences
MRVI
$946M
| $12.7M | ﹤0.01% |
903,760
-1,053,639
| -54% | -$15.1M |
|
1485
Hertz
HTZ
$493M
| $12.6M | ﹤0.01% |
776,192
-337,745
| -30% | -$5.89M |
|
1486
BridgeBio Pharma
BBIO
$16.1B
| $12.6M | ﹤0.01% |
762,306
-198,289
| -21% | -$2.31M |
|
1487
Stock Yards Bancorp
SYBT
$2.63B
| $12.6M | ﹤0.01% |
229,126
+57,100
| +33% | +$3.33M |
|
1488
Celestica
CLS
$41.7B
| $12.6M | ﹤0.01% |
976,008
-31,874
| -3% | -$408K |
|
1489
Hain Celestial
HAIN
$50.3M
| $12.5M | ﹤0.01% |
730,756
| – | – |
|
|
VISN
1490
Vistance Networks Inc
VISN
$2.79B
| $12.5M | ﹤0.01% |
1,963,545
+238,900
| +14% | +$1.81M |
|
1491
St. Joe Company
JOE
$3.7B
| $12.5M | ﹤0.01% |
300,416
-31,690
| -10% | -$1.36M |
|
1492
Appian
APPN
$2.2B
| $12.4M | ﹤0.01% |
279,716
| – | – |
|
1493
Blue Owl Capital
OWL
$7.81B
| $12.4M | ﹤0.01% |
1,118,894
| – | – |
|
1494
HEICO Corp
HEI
$51.3B
| $12.4M | ﹤0.01% |
72,371
+25,924
| +56% | +$4.37M |
|
1495
MACOM Technology Solutions
MTSI
$20.1B
| $12.4M | ﹤0.01% |
174,422
+63,695
| +58% | +$4.3M |
|
1496
XPeng
XPEV
$11.2B
| $12.3M | ﹤0.01% |
+1,109,134
| New | +$10.7M |
|
|
SPWR
1497
DELISTED
SunPower Corporation Common Stock
SPWR
| $12.3M | ﹤0.01% |
886,925
+358,753
| +68% | +$5.63M |
|
1498
Samsara
IOT
$22.6B
| $12.3M | ﹤0.01% |
622,222
| – | – |
|
1499
IAMGOLD
IAG
$9.18B
| $12.1M | ﹤0.01% |
4,462,780
-418,583
| -9% | -$1.06M |
|
1500
Beam Therapeutics
BEAM
$2.8B
| $12.1M | ﹤0.01% |
394,263
-103,748
| -21% | -$4.09M |
|
Similar funds
Norges Bank's Q1 2023 Portfolio in Review
As of Q1 2023, Norges Bank held 2,211 positions worth $457B, up 10% from $415B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Norges Bank's Q1 2023 filing shows 81 new, 1,022 increased, 782 reduced and 124 closed positions. Its largest new stake was GE HealthCare: 2,602,917 shares worth $214M. The largest sale was Bank of America, an estimated $811M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2023 buy was GE HealthCare: 2,602,917 shares worth $214M.
- Norges Bank added most to Microsoft in Q1 2023, an estimated $764M increase.
- Norges Bank's biggest Q1 2023 reduction was Bank of America, cutting an estimated $811M.
- Norges Bank fully exited SVB Financial Group in Q1 2023, selling an estimated $141M.
- Norges Bank's ten largest holdings make up 24% of its $457B portfolio in Q1 2023.
- Norges Bank opened 81 new positions and closed 124 in Q1 2023.
- Norges Bank's portfolio value rose 10% quarter-over-quarter to $457B.
Based on Norges Bank's 13F filing for Q1 2023, filed 15 May 2023.