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 | |
|---|---|---|---|---|---|---|
1551
Middleby
MIDD
$6.04B
| $9.57M | ﹤0.01% |
64,754
-5,636
| -8% | -$795K |
|
1552
United Natural Foods
UNFI
$3.08B
| $9.55M | ﹤0.01% |
488,470
+53,600
| +12% | +$1.35M |
|
1553
Pilgrim's Pride
PPC
$6.51B
| $9.55M | ﹤0.01% |
444,337
| – | – |
|
1554
DigitalOcean
DOCN
$13.7B
| $9.5M | ﹤0.01% |
236,704
-1,016
| -0.4% | -$37.5K |
|
|
LPRO
1555
Open Lending Corp
LPRO
| $9.49M | ﹤0.01% |
903,025
-27,600
| -3% | -$244K |
|
1556
Lindsay Corp
LNN
$1.13B
| $9.48M | ﹤0.01% |
79,469
-36,905
| -32% | -$4.58M |
|
|
IAS
1557
DELISTED
Integral Ad Science
IAS
| $9.45M | ﹤0.01% |
525,648
+325,148
| +162% | +$5.49M |
|
1558
Apogee Enterprises
APOG
$826M
| $9.42M | ﹤0.01% |
198,464
-30,000
| -13% | -$1.25M |
|
1559
CVR Energy
CVI
$3.58B
| $9.4M | ﹤0.01% |
313,723
+6,560
| +2% | +$177K |
|
1560
TSMC
TSM
$2.1T
| $9.39M | ﹤0.01% |
93,027
| – | – |
|
1561
Adeia
ADEA
$2.94B
| $9.35M | ﹤0.01% |
848,784
-69,887
| -8% | -$638K |
|
1562
Kaiser Aluminum
KALU
$2.61B
| $9.32M | ﹤0.01% |
130,146
-11,300
| -8% | -$747K |
|
|
VISN
1563
Vistance Networks Inc
VISN
$2.65B
| $9.28M | ﹤0.01% |
1,648,309
-315,236
| -16% | -$1.51M |
|
|
EVBG
1564
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $9.25M | ﹤0.01% |
344,024
-27,286
| -7% | -$736K |
|
1565
Astec Industries
ASTE
$1.16B
| $9.25M | ﹤0.01% |
203,505
-74,739
| -27% | -$3.08M |
|
1566
Floor & Decor
FND
$6.22B
| $9.23M | ﹤0.01% |
88,802
+71,244
| +406% | +$6.81M |
|
|
MOMO
1567
Hello Group
MOMO
$885M
| $9.18M | ﹤0.01% |
955,086
| – | – |
|
|
SPWR
1568
DELISTED
SunPower Corporation Common Stock
SPWR
| $9.17M | ﹤0.01% |
935,421
+48,496
| +5% | +$566K |
|
1569
Hain Celestial
HAIN
$45M
| $9.14M | ﹤0.01% |
730,756
| – | – |
|
1570
Tower Semiconductor
TSEM
$24.8B
| $9.14M | ﹤0.01% |
247,918
+136,983
| +123% | +$5.67M |
|
|
UNIT
1571
Uniti Group
UNIT
$2.36B
| $9.12M | ﹤0.01% |
1,974,024
-206,987
| -9% | -$778K |
|
1572
Weibo
WB
$2B
| $9.07M | ﹤0.01% |
691,628
-615,365
| -47% | -$9.77M |
|
1573
SFL Corp
SFL
$1.64B
| $9.02M | ﹤0.01% |
966,730
-28,703
| -3% | -$260K |
|
1574
Chegg
CHGG
$110M
| $8.99M | ﹤0.01% |
1,012,288
-43,356
| -4% | -$526K |
|
1575
Global Net Lease
GNL
$1.84B
| $8.96M | ﹤0.01% |
871,158
-42,061
| -5% | -$453K |
|
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.