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 | |
|---|---|---|---|---|---|---|
1551
Coty
COTY
$2.49B
| $10.8M | ﹤0.01% |
898,245
-2,239,897
| -71% | -$23.7M |
|
1552
Upwork
UPWK
$1.18B
| $10.8M | ﹤0.01% |
955,321
-27,174
| -3% | -$323K |
|
1553
Veracyte
VCYT
$3.71B
| $10.8M | ﹤0.01% |
484,283
+105,455
| +28% | +$2.55M |
|
|
CIM
1554
Chimera Investment
CIM
$991M
| $10.8M | ﹤0.01% |
635,695
+5,665
| +0.9% | +$108K |
|
1555
Schrodinger
SDGR
$1.23B
| $10.7M | ﹤0.01% |
407,856
| – | – |
|
1556
PRA Group
PRAA
$672M
| $10.7M | ﹤0.01% |
275,579
+59,300
| +27% | +$2.33M |
|
1557
SiteOne Landscape Supply
SITE
$4.45B
| $10.7M | ﹤0.01% |
78,195
+10,281
| +15% | +$1.45M |
|
1558
Pediatrix Medical
MD
$2.11B
| $10.7M | ﹤0.01% |
715,962
-28,571
| -4% | -$433K |
|
|
AAMI
1559
Acadian Asset Management
AAMI
$3.26B
| $10.7M | ﹤0.01% |
451,950
+152,400
| +51% | +$3.59M |
|
1560
Prothena Corp
PRTA
$444M
| $10.6M | ﹤0.01% |
218,814
+159,555
| +269% | +$8.43M |
|
1561
Kaiser Aluminum
KALU
$2.91B
| $10.6M | ﹤0.01% |
141,446
+11,300
| +9% | +$911K |
|
|
CMRC
1562
Commerce.com Inc Series 1
CMRC
$281M
| $10.5M | ﹤0.01% |
1,170,305
+736,900
| +170% | +$7.47M |
|
1563
Triple Flag Precious Metals
TFPM
$6.46B
| $10.4M | ﹤0.01% |
700,000
| – | – |
|
1564
Encore Capital Group
ECPG
$1.99B
| $10.4M | ﹤0.01% |
205,904
-12,447
| -6% | -$651K |
|
1565
Chesapeake Utilities
CPK
$3.21B
| $10.4M | ﹤0.01% |
80,917
+23,800
| +42% | +$2.95M |
|
|
AKRO
1566
DELISTED
Akero Therapeutics
AKRO
| $10.4M | ﹤0.01% |
270,576
+95,676
| +55% | +$4.27M |
|
1567
DNOW Inc
DNOW
$2.6B
| $10.4M | ﹤0.01% |
928,449
| – | – |
|
1568
Middleby
MIDD
$6.12B
| $10.3M | ﹤0.01% |
70,390
+15,414
| +28% | +$2.29M |
|
1569
Pilgrim's Pride
PPC
$6.33B
| $10.3M | ﹤0.01% |
444,337
| – | – |
|
|
CERE
1570
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $10.3M | ﹤0.01% |
422,136
+247,598
| +142% | +$7.27M |
|
|
LGF.A
1571
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $10.3M | ﹤0.01% |
928,577
-168,489
| -15% | -$1.52M |
|
1572
Magnite
MGNI
$2.96B
| $10.2M | ﹤0.01% |
1,101,286
-86,402
| -7% | -$921K |
|
1573
HNI Corp
HNI
$3.51B
| $10.2M | ﹤0.01% |
365,148
-19,475
| -5% | -$578K |
|
1574
Digital Turbine
APPS
$1.59B
| $10.1M | ﹤0.01% |
819,169
-42,064
| -5% | -$565K |
|
|
HOLI
1575
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $10.1M | ﹤0.01% |
583,615
-77,731
| -12% | -$1.4M |
|
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.