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 | |
|---|---|---|---|---|---|---|
|
SIX
1476
DELISTED
Six Flags Entertainment Corp.
SIX
| $11.5M | ﹤0.01% |
443,568
-138,690
| -24% | -$3.59M |
|
|
JOYY
1477
JOYY Inc
JOYY
$3.71B
| $11.5M | ﹤0.01% |
374,065
-130,063
| -26% | -$3.81M |
|
1478
Liberty Latin America Class C
LILAK
$1.63B
| $11.4M | ﹤0.01% |
1,458,485
| – | – |
|
1479
Excelerate Energy
EE
$1.25B
| $11.4M | ﹤0.01% |
561,388
-249,898
| -31% | -$5.22M |
|
1480
Red Rock Resorts
RRR
$3.77B
| $11.4M | ﹤0.01% |
243,624
-149,268
| -38% | -$6.93M |
|
1481
Cushman & Wakefield Ltd
CWK
$3.14B
| $11.4M | ﹤0.01% |
1,390,193
-128,865
| -8% | -$1.12M |
|
|
CIM
1482
Chimera Investment
CIM
$1.04B
| $11.4M | ﹤0.01% |
656,162
+20,467
| +3% | +$326K |
|
|
LTC
1483
LTC Properties
LTC
$2.06B
| $11.3M | ﹤0.01% |
342,231
-38,084
| -10% | -$1.27M |
|
|
CWEN.A
1484
DELISTED
Clearway Energy Class A
CWEN.A
| $11.3M | ﹤0.01% |
418,299
-112,400
| -21% | -$3.26M |
|
|
ALEX
1485
DELISTED
Alexander & Baldwin
ALEX
| $11.2M | ﹤0.01% |
604,321
-161,662
| -21% | -$3.03M |
|
1486
First Commonwealth Financial
FCF
$2.18B
| $11.2M | ﹤0.01% |
886,533
| – | – |
|
1487
IAMGOLD
IAG
$8.2B
| $11.2M | ﹤0.01% |
4,246,936
-215,844
| -5% | -$625K |
|
|
AGNT
1488
AGNT Inc
AGNT
$666M
| $11.1M | ﹤0.01% |
547,505
-49,303
| -8% | -$737K |
|
|
LICY
1489
DELISTED
Li-Cycle Holdings Corp.
LICY
| $11.1M | ﹤0.01% |
250,000
| – | – |
|
1490
Cheesecake Factory
CAKE
$5.04B
| $11.1M | ﹤0.01% |
320,900
+79,413
| +33% | +$2.63M |
|
1491
CTS Corp
CTS
$1.83B
| $11.1M | ﹤0.01% |
260,225
-11,126
| -4% | -$489K |
|
|
JAMF
1492
DELISTED
Jamf
JAMF
| $11.1M | ﹤0.01% |
567,946
+90,875
| +19% | +$1.68M |
|
1493
Acadia Realty Trust
AKR
$3.09B
| $11.1M | ﹤0.01% |
768,872
-42,243
| -5% | -$570K |
|
1494
Northwest Bancshares
NWBI
$2.3B
| $11.1M | ﹤0.01% |
1,043,358
-27,855
| -3% | -$310K |
|
|
LADR
1495
Ladder Capital
LADR
$1.21B
| $11M | ﹤0.01% |
1,017,281
-335,800
| -25% | -$3.25M |
|
1496
World Kinect Corp
WKC
$2.04B
| $11M | ﹤0.01% |
533,710
-4,595
| -0.9% | -$109K |
|
|
PARA
1497
DELISTED
Paramount Global Class B
PARA
| $11M | ﹤0.01% |
692,085
-1,736,851
| -72% | -$31.4M |
|
|
AMWD
1498
DELISTED
American Woodmark
AMWD
| $11M | ﹤0.01% |
143,686
| – | – |
|
1499
American Eagle Outfitters
AEO
$2.88B
| $10.9M | ﹤0.01% |
926,938
-25,945
| -3% | -$324K |
|
1500
Radian Group
RDN
$5.18B
| $10.9M | ﹤0.01% |
432,537
-249,616
| -37% | -$6.14M |
|
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.