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 C
GOOG
|
+$1.19B |
| 2 |
Flutter Entertainment
FLUT
|
+$879M |
| 3 |
UnitedHealth
UNH
|
+$494M |
| 4 |
Micron Technology
MU
|
+$474M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$426M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$2.41B |
| 2 |
Apple
AAPL
|
+$1.93B |
| 3 |
T-Mobile US
TMUS
|
+$825M |
| 4 |
Amazon
AMZN
|
+$690M |
| 5 |
Microsoft
MSFT
|
+$583M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.02% |
| 2 | Financials | 14.31% |
| 3 | Healthcare | 12.25% |
| 4 | Consumer Discretionary | 10.83% |
| 5 | Communication Services | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
NETSCOUT
NTCT
$3.04B
| $9.18M | ﹤0.01% |
420,105
-43,850
| -9% | -$952K |
|
1477
SiteOne Landscape Supply
SITE
$4.39B
| $9.14M | ﹤0.01% |
52,346
-35,687
| -41% | -$5.89M |
|
1478
Cimpress
CMPR
$2.49B
| $9.13M | ﹤0.01% |
103,184
-14,654
| -12% | -$1.24M |
|
|
HTLF
1479
DELISTED
Heartland Financial USA, Inc.
HTLF
| $9.13M | ﹤0.01% |
259,647
-46,179
| -15% | -$1.61M |
|
|
AMWD
1480
DELISTED
American Woodmark
AMWD
| $9.07M | ﹤0.01% |
89,221
-18,767
| -17% | -$1.77M |
|
1481
SiTime
SITM
$16.4B
| $8.99M | ﹤0.01% |
96,479
-7,242
| -7% | -$762K |
|
1482
Savers
SVV
$1.66B
| $8.95M | ﹤0.01% |
464,185
-978,621
| -68% | -$18.3M |
|
|
HTO
1483
H2O America
HTO
$2.58B
| $8.92M | ﹤0.01% |
157,684
-51,328
| -25% | -$3.05M |
|
1484
Astera Labs
ALAB
$56.1B
| $8.9M | ﹤0.01% |
+120,000
| New | +$8.89M |
|
1485
First Commonwealth Financial
FCF
$2.19B
| $8.89M | ﹤0.01% |
638,592
-61,058
| -9% | -$843K |
|
1486
Helios Technologies
HLIO
$2.71B
| $8.87M | ﹤0.01% |
198,462
-41,535
| -17% | -$1.78M |
|
|
CSGS
1487
DELISTED
CSG Systems International
CSGS
| $8.84M | ﹤0.01% |
171,474
-32,863
| -16% | -$1.71M |
|
1488
Fluence Energy
FLNC
$1.93B
| $8.83M | ﹤0.01% |
508,992
-75,136
| -13% | -$1.37M |
|
1489
John Wiley & Sons Class A
WLY
$2.75B
| $8.72M | ﹤0.01% |
228,769
-7,577
| -3% | -$259K |
|
1490
Pilgrim's Pride
PPC
$6.3B
| $8.72M | ﹤0.01% |
254,086
-29,929
| -11% | -$898K |
|
|
EVBG
1491
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $8.72M | ﹤0.01% |
250,254
-38,367
| -13% | -$1.08M |
|
1492
Cracker Barrel
CBRL
$1.3B
| $8.72M | ﹤0.01% |
119,827
-19,339
| -14% | -$1.4M |
|
1493
Veeco
VECO
$3.16B
| $8.67M | ﹤0.01% |
+246,400
| New | +$8.21M |
|
1494
CTS Corp
CTS
$1.93B
| $8.64M | ﹤0.01% |
184,582
-17,966
| -9% | -$788K |
|
1495
Werner Enterprises
WERN
$2.3B
| $8.62M | ﹤0.01% |
220,305
+11,312
| +5% | +$451K |
|
1496
Hope Bancorp
HOPE
$1.82B
| $8.61M | ﹤0.01% |
748,404
-76,135
| -9% | -$855K |
|
1497
Teva Pharmaceuticals
TEVA
$40.6B
| $8.54M | ﹤0.01% |
605,000
-772,000
| -56% | -$9.73M |
|
1498
Schneider National
SNDR
$6.45B
| $8.53M | ﹤0.01% |
376,877
-56,392
| -13% | -$1.34M |
|
1499
Gibraltar Industries
ROCK
$1.65B
| $8.52M | ﹤0.01% |
105,855
+27,693
| +35% | +$2.21M |
|
1500
ACM Research
ACMR
$5.58B
| $8.45M | ﹤0.01% |
290,000
| – | – |
|
Similar funds
Norges Bank's Q1 2024 Portfolio in Review
As of Q1 2024, Norges Bank held 1,998 positions worth $634B, up 11% from $572B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Norges Bank's Q1 2024 filing shows 56 new, 971 increased, 737 reduced and 113 closed positions. Its largest new stake was Flutter Entertainment: 4,117,926 shares worth $820M. The largest sale was Alphabet (Google) Class A, an estimated $2.41B.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2024 buy was Flutter Entertainment: 4,117,926 shares worth $820M.
- Norges Bank added most to Alphabet (Google) Class C in Q1 2024, an estimated $1.19B increase.
- Norges Bank's biggest Q1 2024 reduction was Alphabet (Google) Class A, cutting an estimated $2.41B.
- Norges Bank fully exited Splunk Inc in Q1 2024, selling an estimated $379M.
- Norges Bank's ten largest holdings make up 27% of its $634B portfolio in Q1 2024.
- Norges Bank opened 56 new positions and closed 113 in Q1 2024.
- Norges Bank's portfolio value rose 11% quarter-over-quarter to $634B.
Based on Norges Bank's 13F filing for Q1 2024, filed 14 May 2024.