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 | |
|---|---|---|---|---|---|---|
1526
NETSCOUT
NTCT
$2.92B
| $5.75M | ﹤0.01% |
314,576
-105,529
| -25% | -$2.08M |
|
|
CIM
1527
Chimera Investment
CIM
$992M
| $5.74M | ﹤0.01% |
448,609
-149,022
| -25% | -$1.89M |
|
1528
RELX
RELX
$62.4B
| $5.74M | ﹤0.01% |
125,000
-93,000
| -43% | -$4.04M |
|
1529
Agilon Health
AGL
$1.45B
| $5.69M | ﹤0.01% |
34,773
-34,346
| -50% | -$4.89M |
|
1530
Guidewire Software
GWRE
$13.3B
| $5.65M | ﹤0.01% |
40,991
-904,464
| -96% | -$109M |
|
1531
Dr. Reddy's Laboratories
RDY
$10.1B
| $5.62M | ﹤0.01% |
+369,000
| New | +$5.29M |
|
1532
Supernus Pharmaceuticals
SUPN
$2.72B
| $5.59M | ﹤0.01% |
208,835
-23,410
| -10% | -$679K |
|
1533
Kaiser Aluminum
KALU
$2.8B
| $5.55M | ﹤0.01% |
63,133
-979
| -2% | -$91.1K |
|
1534
Certara
CERT
$1.24B
| $5.53M | ﹤0.01% |
399,541
-132,103
| -25% | -$2.17M |
|
1535
Hayward Holdings
HAYW
$3.32B
| $5.52M | ﹤0.01% |
449,008
+72,027
| +19% | +$1M |
|
|
AMWD
1536
DELISTED
American Woodmark
AMWD
| $5.52M | ﹤0.01% |
70,239
-18,982
| -21% | -$1.71M |
|
1537
Live Oak Bancshares
LOB
$1.97B
| $5.5M | ﹤0.01% |
156,857
-7,399
| -5% | -$262K |
|
1538
Provident Financial Services
PFS
$3.23B
| $5.49M | ﹤0.01% |
382,893
-68,400
| -15% | -$994K |
|
|
SCS
1539
DELISTED
Steelcase
SCS
| $5.49M | ﹤0.01% |
423,882
-112,521
| -21% | -$1.43M |
|
1540
Lloyds Banking Group
LYG
$90B
| $5.46M | ﹤0.01% |
2,000,000
| – | – |
|
|
LGF.A
1541
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $5.43M | ﹤0.01% |
576,197
-102,945
| -15% | -$994K |
|
|
GRAL
1542
GRAIL Inc
GRAL
$2.72B
| $5.41M | ﹤0.01% |
+351,826
| New | +$5.71M |
|
1543
Artisan Partners
APAM
$3.06B
| $5.39M | ﹤0.01% |
130,714
| – | – |
|
1544
Intellia Therapeutics
NTLA
$1.57B
| $5.38M | ﹤0.01% |
240,415
-373,736
| -61% | -$8.9M |
|
1545
Tower Semiconductor
TSEM
$25.4B
| $5.37M | ﹤0.01% |
139,451
-63,431
| -31% | -$2.25M |
|
|
VRE
1546
DELISTED
Veris Residential
VRE
| $5.36M | ﹤0.01% |
357,186
-105,507
| -23% | -$1.57M |
|
1547
Gibraltar Industries
ROCK
$1.51B
| $5.35M | ﹤0.01% |
78,065
-27,790
| -26% | -$2.02M |
|
1548
Nu Skin
NUS
$252M
| $5.34M | ﹤0.01% |
506,581
-43,848
| -8% | -$556K |
|
|
MFA
1549
MFA Financial
MFA
$919M
| $5.31M | ﹤0.01% |
498,623
-165,844
| -25% | -$1.78M |
|
|
BRSP
1550
BrightSpire Capital
BRSP
$639M
| $5.23M | ﹤0.01% |
916,727
+153,093
| +20% | +$940K |
|
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.