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 | |
|---|---|---|---|---|---|---|
|
DCH
1651
Dauch Corp
DCH
$1.34B
| $6.66M | ﹤0.01% |
805,159
-106,000
| -12% | -$786K |
|
1652
Century Communities
CCS
$1.91B
| $6.6M | ﹤0.01% |
86,133
| – | – |
|
1653
AdaptHealth
AHCO
$1.47B
| $6.6M | ﹤0.01% |
542,043
+132,000
| +32% | +$1.47M |
|
|
KC
1654
Kingsoft Cloud Holdings
KC
$3.3B
| $6.5M | ﹤0.01% |
1,065,637
-220,000
| -17% | -$1.31M |
|
|
RWT
1655
Redwood Trust
RWT
$568M
| $6.49M | ﹤0.01% |
1,018,292
| – | – |
|
1656
Coeur Mining
CDE
$15.4B
| $6.44M | ﹤0.01% |
2,267,319
+105,000
| +5% | +$357K |
|
|
EQRX
1657
DELISTED
EQRx, Inc. Common Stock
EQRX
| $6.37M | ﹤0.01% |
3,427,100
-542,600
| -14% | -$970K |
|
|
AKRO
1658
DELISTED
Akero Therapeutics
AKRO
| $6.37M | ﹤0.01% |
136,377
-134,199
| -50% | -$6.15M |
|
1659
Usana Health Sciences
USNA
$405M
| $6.35M | ﹤0.01% |
100,707
| – | – |
|
|
CTEV
1660
Claritev Corp
CTEV
$391M
| $6.33M | ﹤0.01% |
75,056
| – | – |
|
|
ZUO
1661
DELISTED
Zuora, Inc.
ZUO
| $6.33M | ﹤0.01% |
577,000
+274,000
| +90% | +$2.59M |
|
|
AAMI
1662
Acadian Asset Management
AAMI
$3.07B
| $6.28M | ﹤0.01% |
299,550
-152,400
| -34% | -$3.39M |
|
1663
Marcus & Millichap
MMI
$1.17B
| $6.27M | ﹤0.01% |
199,059
-20,263
| -9% | -$626K |
|
1664
Scansource
SCSC
$1.15B
| $6.26M | ﹤0.01% |
211,924
| – | – |
|
|
HYZN
1665
DELISTED
Hyzon Motors Inc. Class A Common Stock
HYZN
| $6.23M | ﹤0.01% |
130,000
| – | – |
|
1666
Geron
GERN
$815M
| $6.23M | ﹤0.01% |
1,939,300
+1,423,000
| +276% | +$4.05M |
|
1667
uniQure
QURE
$2.99B
| $6.17M | ﹤0.01% |
538,360
| – | – |
|
1668
Sphere Entertainment
SPHR
$5.18B
| $6.13M | ﹤0.01% |
223,974
| – | – |
|
1669
FIGS
FIGS
$1.77B
| $6.12M | ﹤0.01% |
740,343
| – | – |
|
1670
Atmus Filtration Technologies
ATMU
$4.24B
| $6.08M | ﹤0.01% |
+276,784
| New | +$5.8M |
|
1671
Digital Turbine
APPS
$977M
| $6.07M | ﹤0.01% |
654,173
-164,996
| -20% | -$1.82M |
|
1672
ArcBest
ARCB
$3.22B
| $5.99M | ﹤0.01% |
60,578
| – | – |
|
1673
BioCryst Pharmaceuticals
BCRX
$2.28B
| $5.96M | ﹤0.01% |
846,612
-38,251
| -4% | -$307K |
|
1674
CryoPort
CYRX
$757M
| $5.96M | ﹤0.01% |
345,267
-22,696
| -6% | -$464K |
|
1675
Matsons
MATX
$6.13B
| $5.95M | ﹤0.01% |
76,542
-8,100
| -10% | -$555K |
|
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.