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 | |
|---|---|---|---|---|---|---|
|
PDM
1576
Piedmont Realty Trust
PDM
$1.21B
| $6.17M | ﹤0.01% |
878,313
-477,815
| -35% | -$3.2M |
|
|
BBT
1577
Beacon Financial Corp
BBT
$2.71B
| $6.17M | ﹤0.01% |
269,170
-51,533
| -16% | -$1.18M |
|
1578
Vita Coco
COCO
$3.73B
| $6.07M | ﹤0.01% |
248,500
+141,100
| +131% | +$3.28M |
|
1579
Krispy Kreme
DNUT
$531M
| $6.04M | ﹤0.01% |
396,752
+125,206
| +46% | +$1.67M |
|
|
SVC
1580
Service Properties Trust
SVC
$1.03B
| $6.03M | ﹤0.01% |
177,779
-40,792
| -19% | -$1.51M |
|
1581
Scholastic
SCHL
$821M
| $5.99M | ﹤0.01% |
158,855
-14,097
| -8% | -$541K |
|
1582
Artisan Partners
APAM
$3.03B
| $5.98M | ﹤0.01% |
130,714
| – | – |
|
1583
Payoneer
PAYO
$2.41B
| $5.97M | ﹤0.01% |
+1,228,600
| New | +$5.98M |
|
1584
ScottsMiracle-Gro
SMG
$3.86B
| $5.97M | ﹤0.01% |
79,990
-354,506
| -82% | -$22M |
|
|
PWSC
1585
DELISTED
PowerSchool Holdings, Inc.
PWSC
| $5.9M | ﹤0.01% |
277,119
+90,453
| +48% | +$2.05M |
|
1586
SFL Corp
SFL
$1.61B
| $5.89M | ﹤0.01% |
447,081
+153,374
| +52% | +$1.93M |
|
1587
La-Z-Boy
LZB
$1.67B
| $5.85M | ﹤0.01% |
155,523
-19,570
| -11% | -$715K |
|
1588
Pacific Biosciences
PACB
$447M
| $5.82M | ﹤0.01% |
1,552,577
+177,862
| +13% | +$1.04M |
|
1589
Tarsus Pharmaceuticals
TARS
$2.67B
| $5.82M | ﹤0.01% |
160,100
| – | – |
|
1590
Hayward Holdings
HAYW
$3.41B
| $5.77M | ﹤0.01% |
376,981
-76,427
| -17% | -$1.02M |
|
1591
FTI Consulting
FCN
$4.34B
| $5.75M | ﹤0.01% |
27,349
+19,033
| +229% | +$3.83M |
|
1592
Kaiser Aluminum
KALU
$2.85B
| $5.73M | ﹤0.01% |
64,112
-40,044
| -38% | -$2.81M |
|
1593
Ironwood Pharmaceuticals
IRWD
$709M
| $5.65M | ﹤0.01% |
649,179
-165,595
| -20% | -$2.01M |
|
1594
Paylocity
PCTY
$7.67B
| $5.65M | ﹤0.01% |
32,861
-25,635
| -44% | -$4.23M |
|
1595
Star Bulk Carriers
SBLK
$3.15B
| $5.64M | ﹤0.01% |
236,138
| – | – |
|
1596
Global Net Lease
GNL
$1.81B
| $5.62M | ﹤0.01% |
723,083
-219,400
| -23% | -$1.8M |
|
1597
Harmony Biosciences
HRMY
$2.25B
| $5.57M | ﹤0.01% |
165,755
-11,803
| -7% | -$379K |
|
|
DCPH
1598
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $5.54M | ﹤0.01% |
352,000
| – | – |
|
1599
Monro
MNRO
$410M
| $5.51M | ﹤0.01% |
174,813
-18,635
| -10% | -$576K |
|
1600
1st Source
SRCE
$2.19B
| $5.43M | ﹤0.01% |
103,551
-6,027
| -6% | -$309K |
|
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.