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 | |
|---|---|---|---|---|---|---|
1476
Triumph Financial Inc
TFIN
$1.83B
| $7.11M | ﹤0.01% |
86,920
+27,100
| +45% | +$2.02M |
|
1477
First Commonwealth Financial
FCF
$2.17B
| $7.06M | ﹤0.01% |
511,286
-127,306
| -20% | -$1.7M |
|
|
SAFE
1478
Safehold
SAFE
$1.15B
| $7.06M | ﹤0.01% |
365,937
+136,700
| +60% | +$2.63M |
|
|
XHR
1479
Xenia Hotels & Resorts
XHR
$1.79B
| $7.03M | ﹤0.01% |
490,442
-297,190
| -38% | -$4.3M |
|
1480
Knowles
KN
$3.34B
| $7.02M | ﹤0.01% |
406,984
-101,501
| -20% | -$1.7M |
|
1481
Diebold Nixdorf
DBD
$2.54B
| $7.01M | ﹤0.01% |
+182,264
| New | +$6.95M |
|
|
ALTR
1482
DELISTED
Altair Engineering Inc
ALTR
| $7M | ﹤0.01% |
71,406
-22,742
| -24% | -$2M |
|
1483
Upstart Holdings
UPST
$2.96B
| $6.99M | ﹤0.01% |
296,389
+5,693
| +2% | +$137K |
|
1484
MillerKnoll
MLKN
$1.66B
| $6.95M | ﹤0.01% |
262,444
-144,489
| -36% | -$3.8M |
|
1485
Empire State Realty Trust
ESRT
$838M
| $6.91M | ﹤0.01% |
737,191
-27,144
| -4% | -$253K |
|
1486
Paylocity
PCTY
$8.14B
| $6.88M | ﹤0.01% |
52,196
+19,335
| +59% | +$2.99M |
|
1487
MasterBrand
MBC
$1.93B
| $6.84M | ﹤0.01% |
465,900
-25,800
| -5% | -$427K |
|
|
ALEX
1488
DELISTED
Alexander & Baldwin
ALEX
| $6.82M | ﹤0.01% |
402,319
+124,077
| +45% | +$2.04M |
|
1489
DNOW Inc
DNOW
$3B
| $6.78M | ﹤0.01% |
493,700
-149,296
| -23% | -$2.12M |
|
1490
Apogee Enterprises
APOG
$912M
| $6.76M | ﹤0.01% |
107,620
-27,055
| -20% | -$1.68M |
|
1491
Upbound Group
UPBD
$1.15B
| $6.69M | ﹤0.01% |
217,864
-116,488
| -35% | -$3.72M |
|
1492
Ubiquiti
UI
$34.5B
| $6.67M | ﹤0.01% |
45,809
| – | – |
|
1493
Greif
GEF
$5.02B
| $6.67M | ﹤0.01% |
116,073
-32,698
| -22% | -$2.06M |
|
|
HTO
1494
H2O America
HTO
$2.62B
| $6.64M | ﹤0.01% |
122,447
-35,237
| -22% | -$1.93M |
|
1495
SolarEdge
SEDG
$1.99B
| $6.61M | ﹤0.01% |
261,802
-165,845
| -39% | -$8.62M |
|
1496
Oxford Industries
OXM
$550M
| $6.61M | ﹤0.01% |
65,964
-26,913
| -29% | -$2.84M |
|
1497
National Beverage
FIZZ
$2.99B
| $6.53M | ﹤0.01% |
127,483
-86,698
| -40% | -$4.06M |
|
|
ARI
1498
Apollo Commercial Real Estate
ARI
$880M
| $6.52M | ﹤0.01% |
665,828
-175,493
| -21% | -$1.81M |
|
1499
Flywire
FLYW
$2.19B
| $6.4M | ﹤0.01% |
390,465
-59,536
| -13% | -$1.12M |
|
1500
Stock Yards Bancorp
SYBT
$2.59B
| $6.37M | ﹤0.01% |
128,229
-32,434
| -20% | -$1.51M |
|
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.