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 | |
|---|---|---|---|---|---|---|
1601
Fastly Inc
FSLY
$3.9B
| $5.42M | ﹤0.01% |
418,027
-32,196
| -7% | -$544K |
|
|
AVNS
1602
DELISTED
Avanos Medical
AVNS
| $5.39M | ﹤0.01% |
270,922
-41,868
| -13% | -$809K |
|
1603
Matthews International
MATW
$880M
| $5.39M | ﹤0.01% |
173,428
-23,016
| -12% | -$712K |
|
1604
Deluxe
DLX
$1.24B
| $5.35M | ﹤0.01% |
259,644
-21,153
| -8% | -$421K |
|
1605
WesBanco
WSBC
$4.06B
| $5.34M | ﹤0.01% |
179,120
-95,670
| -35% | -$2.79M |
|
1606
Ubiquiti
UI
$33.9B
| $5.31M | ﹤0.01% |
45,809
+3,706
| +9% | +$454K |
|
|
BRKL
1607
DELISTED
Brookline Bancorp
BRKL
| $5.29M | ﹤0.01% |
530,981
-69,803
| -12% | -$706K |
|
|
BRSP
1608
BrightSpire Capital
BRSP
$630M
| $5.26M | ﹤0.01% |
763,634
-140,435
| -16% | -$981K |
|
1609
Liberty Live Group Series A
LLYVA
$9.16B
| $5.2M | ﹤0.01% |
122,880
-13,363
| -10% | -$499K |
|
1610
Lloyds Banking Group
LYG
$90.3B
| $5.18M | ﹤0.01% |
2,000,000
| – | – |
|
|
VMEO
1611
DELISTED
Vimeo
VMEO
| $5.16M | ﹤0.01% |
+1,262,500
| New | +$5.38M |
|
|
ELME
1612
Elme Communities
ELME
$144M
| $5.12M | ﹤0.01% |
367,495
-53,118
| -13% | -$741K |
|
1613
BioCryst Pharmaceuticals
BCRX
$2.29B
| $5.11M | ﹤0.01% |
1,006,029
-1,210,583
| -55% | -$6.81M |
|
1614
Banco Bilbao Vizcaya Argentaria
BBVA
$155B
| $5.09M | ﹤0.01% |
430,000
| – | – |
|
1615
Trip.com Group
TCOM
$29.5B
| $5.08M | ﹤0.01% |
115,700
-319,300
| -73% | -$13M |
|
|
MASI
1616
DELISTED
Masimo
MASI
| $5.05M | ﹤0.01% |
34,407
+25,450
| +284% | +$3.29M |
|
|
TAST
1617
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $5.01M | ﹤0.01% |
526,316
+258,399
| +96% | +$2.39M |
|
|
AAMI
1618
Acadian Asset Management
AAMI
$3.28B
| $5M | ﹤0.01% |
218,970
| – | – |
|
1619
Marcus & Millichap
MMI
$1.17B
| $4.99M | ﹤0.01% |
145,914
-10,360
| -7% | -$380K |
|
1620
Stratasys
SSYS
$764M
| $4.94M | ﹤0.01% |
425,231
-44,346
| -9% | -$569K |
|
1621
Shenandoah Telecom
SHEN
$742M
| $4.93M | ﹤0.01% |
283,986
-30,417
| -10% | -$589K |
|
|
BDN
1622
Brandywine Realty Trust
BDN
$546M
| $4.88M | ﹤0.01% |
1,016,546
-207,527
| -17% | -$962K |
|
|
GES
1623
DELISTED
Guess Inc
GES
| $4.84M | ﹤0.01% |
153,863
| – | – |
|
|
DCH
1624
Dauch Corp
DCH
$1.42B
| $4.84M | ﹤0.01% |
657,024
-140,292
| -18% | -$1.06M |
|
1625
DXP Enterprises
DXPE
$2.65B
| $4.81M | ﹤0.01% |
89,500
| – | – |
|
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.