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 | |
|---|---|---|---|---|---|---|
1651
AbCellera Biologics
ABCL
$1.84B
| $4.18M | ﹤0.01% |
922,214
| – | – |
|
|
FINV
1652
FinVolution Group
FINV
$1.16B
| $4.11M | ﹤0.01% |
816,352
| – | – |
|
|
FLNA
1653
Filana Therapeutics
FLNA
$47.2M
| $4.05M | ﹤0.01% |
199,672
-16,831
| -8% | -$388K |
|
1654
Extreme Networks
EXTR
$3.47B
| $4.04M | ﹤0.01% |
349,804
-1,536,099
| -81% | -$20.9M |
|
1655
Varex Imaging
VREX
$514M
| $4.02M | ﹤0.01% |
222,194
-41,721
| -16% | -$766K |
|
1656
Hilltop Holdings
HTH
$2.29B
| $4M | ﹤0.01% |
127,792
-27,651
| -18% | -$879K |
|
1657
Newmark Group
NMRK
$2.79B
| $3.99M | ﹤0.01% |
359,723
+266,438
| +286% | +$2.79M |
|
|
NXRT
1658
NexPoint Residential Trust
NXRT
$632M
| $3.97M | ﹤0.01% |
123,400
+96,400
| +357% | +$3M |
|
1659
Northwest Natural Holdings
NWN
$2.07B
| $3.97M | ﹤0.01% |
106,676
-113,389
| -52% | -$4.24M |
|
1660
Chegg
CHGG
$113M
| $3.95M | ﹤0.01% |
522,035
-196,965
| -27% | -$1.8M |
|
1661
InvenTrust Properties
IVT
$2.64B
| $3.95M | ﹤0.01% |
+153,700
| New | +$3.87M |
|
1662
Cerence
CRNC
$418M
| $3.95M | ﹤0.01% |
250,661
| – | – |
|
|
SWI
1663
DELISTED
SolarWinds Corporation Common Stock
SWI
| $3.93M | ﹤0.01% |
311,339
-41,186
| -12% | -$502K |
|
|
MCW
1664
DELISTED
Mister Car Wash
MCW
| $3.89M | ﹤0.01% |
502,363
-86,070
| -15% | -$709K |
|
1665
Bumble
BMBL
$411M
| $3.87M | ﹤0.01% |
341,097
-751,967
| -69% | -$9.59M |
|
|
LKFT
1666
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.74B
| $3.86M | ﹤0.01% |
120,000
| – | – |
|
|
NLOP
1667
Net Lease Office Properties
NLOP
$176M
| $3.86M | ﹤0.01% |
162,087
-559
| -0.3% | -$13.2K |
|
1668
Replimune Group
REPL
$986M
| $3.76M | ﹤0.01% |
+459,900
| New | +$3.77M |
|
1669
Enact Holdings
ACT
$6.63B
| $3.71M | ﹤0.01% |
119,100
+21,000
| +21% | +$596K |
|
1670
Enlight Renewable Energy
ENLT
$11.6B
| $3.67M | ﹤0.01% |
220,049
+77,338
| +54% | +$1.35M |
|
1671
Weave Communications
WEAV
$545M
| $3.67M | ﹤0.01% |
319,300
| – | – |
|
1672
America Movil
AMX
$72.3B
| $3.64M | ﹤0.01% |
195,201
-154,799
| -44% | -$2.85M |
|
1673
Napco Security Technologies
NSSC
$1.43B
| $3.63M | ﹤0.01% |
+90,500
| New | +$3.55M |
|
|
HYZN
1674
DELISTED
Hyzon Motors Inc. Class A Common Stock
HYZN
| $3.62M | ﹤0.01% |
98,336
-31,664
| -24% | -$1.09M |
|
1675
Mercury Insurance
MCY
$6.05B
| $3.61M | ﹤0.01% |
+69,901
| New | +$3.08M |
|
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.