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 | |
|---|---|---|---|---|---|---|
1626
Prothena Corp
PRTA
$425M
| $7.14M | ﹤0.01% |
104,564
-114,250
| -52% | -$7.37M |
|
1627
Twist Bioscience
TWST
$5.7B
| $7.13M | ﹤0.01% |
348,481
| – | – |
|
1628
Newmark Group
NMRK
$2.66B
| $7.05M | ﹤0.01% |
1,134,162
| – | – |
|
1629
Capitol Federal Financial
CFFN
$1.09B
| $7.05M | ﹤0.01% |
1,143,036
| – | – |
|
|
SWTX
1630
DELISTED
SpringWorks Therapeutics
SWTX
| $7.02M | ﹤0.01% |
267,833
| – | – |
|
|
SQSP
1631
DELISTED
Squarespace, Inc.
SQSP
| $7.02M | ﹤0.01% |
222,500
-382,600
| -63% | -$11.6M |
|
1632
Opko Health
OPK
$985M
| $7.02M | ﹤0.01% |
3,233,385
| – | – |
|
1633
Madison Square Garden
MSGE
$3.65B
| $7M | ﹤0.01% |
+208,216
| New | +$7.14M |
|
1634
Fiverr
FVRR
$321M
| $6.98M | ﹤0.01% |
268,363
| – | – |
|
1635
Progyny
PGNY
$2.44B
| $6.96M | ﹤0.01% |
176,834
-101,797
| -37% | -$3.67M |
|
1636
Deluxe
DLX
$1.18B
| $6.94M | ﹤0.01% |
396,876
| – | – |
|
|
WWE
1637
DELISTED
World Wrestling Entertainment
WWE
| $6.91M | ﹤0.01% |
63,666
-382,604
| -86% | -$39.6M |
|
|
GRMN
1638
Garmin
GRMN
$56.7B
| $6.9M | ﹤0.01% |
66,165
-1,559,141
| -96% | -$159M |
|
|
TDCX
1639
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
| $6.88M | ﹤0.01% |
870,000
| – | – |
|
1640
Virgin Galactic
SPCE
$328M
| $6.83M | ﹤0.01% |
88,071
-6,307
| -7% | -$499K |
|
1641
Maravai LifeSciences
MRVI
$969M
| $6.81M | ﹤0.01% |
548,136
-355,624
| -39% | -$4.8M |
|
1642
TTM Technologies
TTMI
$12B
| $6.78M | ﹤0.01% |
487,661
-54,713
| -10% | -$706K |
|
1643
GSK
GSK
$104B
| $6.77M | ﹤0.01% |
189,999
+37,000
| +24% | +$1.33M |
|
1644
Kraft Heinz
KHC
$30.7B
| $6.76M | ﹤0.01% |
190,532
-6,013,169
| -97% | -$231M |
|
|
FLNA
1645
Filana Therapeutics
FLNA
$48.8M
| $6.75M | ﹤0.01% |
275,085
| – | – |
|
|
SAFE
1646
Safehold
SAFE
$1.16B
| $6.74M | ﹤0.01% |
283,821
+138,038
| +95% | +$3.66M |
|
1647
Harmony Biosciences
HRMY
$2.04B
| $6.7M | ﹤0.01% |
190,328
-35,900
| -16% | -$1.24M |
|
1648
Beyond Meat
BYND
$292M
| $6.7M | ﹤0.01% |
515,915
| – | – |
|
1649
Employers Holdings
EIG
$922M
| $6.69M | ﹤0.01% |
178,743
+28,200
| +19% | +$1.1M |
|
|
DMC
1650
Del Monte Corp
DMC
$1.41B
| $6.66M | ﹤0.01% |
259,195
-20,500
| -7% | -$566K |
|
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.