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 A
GOOGL
|
+$1.31B |
| 2 |
Visa
V
|
+$778M |
| 3 |
SCHW
Charles Schwab
SCHW
|
+$528M |
| 4 |
Fortinet
FTNT
|
+$418M |
| 5 |
Prologis
PLD
|
+$340M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$2.06B |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$1.83B |
| 3 |
NVIDIA
NVDA
|
+$1.56B |
| 4 |
Meta Platforms (Facebook)
META
|
+$1.47B |
| 5 |
UBS Group
UBS
|
+$1.44B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.04% |
| 2 | Financials | 15.62% |
| 3 | Healthcare | 11.22% |
| 4 | Consumer Discretionary | 10.85% |
| 5 | Communication Services | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1651
WisdomTree
WT
$3.79B
| $780K | ﹤0.01% |
87,466
| – | – |
|
1652
Republic Bancorp
RBCAA
$1.84B
| $776K | ﹤0.01% |
12,154
-13,648
| -53% | -$905K |
|
1653
MYR Group
MYRG
$4.82B
| $769K | ﹤0.01% |
+6,802
| New | +$905K |
|
1654
Signet Jewelers
SIG
$3.18B
| $769K | ﹤0.01% |
13,247
-494,610
| -97% | -$28.3M |
|
1655
PJT Partners
PJT
$4.57B
| $767K | ﹤0.01% |
5,566
-122,872
| -96% | -$19.3M |
|
1656
Main Street Capital
MAIN
$5.48B
| $767K | ﹤0.01% |
+13,556
| New | +$806K |
|
|
ACH
1657
Accendra Health
ACH
$93.1M
| $760K | ﹤0.01% |
84,155
-104,463
| -55% | -$1.1M |
|
1658
Teradata
TDC
$2.66B
| $737K | ﹤0.01% |
32,775
-1,133,037
| -97% | -$30.6M |
|
|
ACLX
1659
DELISTED
Arcellx
ACLX
| $736K | ﹤0.01% |
11,221
-16,030
| -59% | -$1.09M |
|
|
MAGN
1660
Magnera Corp
MAGN
$439M
| $734K | ﹤0.01% |
40,433
-56,586
| -58% | -$1.1M |
|
|
GLDD
1661
DELISTED
Great Lakes Dredge & Dock
GLDD
| $729K | ﹤0.01% |
83,800
| – | – |
|
1662
Lindsay Corp
LNN
$1.16B
| $723K | ﹤0.01% |
5,716
-6,753
| -54% | -$881K |
|
1663
Chemours
CC
$2.39B
| $719K | ﹤0.01% |
53,172
-1,763,524
| -97% | -$29.3M |
|
1664
StepStone Group
STEP
$4.13B
| $713K | ﹤0.01% |
13,656
-185,768
| -93% | -$10.9M |
|
1665
Prothena Corp
PRTA
$467M
| $711K | ﹤0.01% |
57,454
| – | – |
|
1666
Privia Health
PRVA
$2.66B
| $711K | ﹤0.01% |
31,665
| – | – |
|
1667
G-III Apparel Group
GIII
$1.41B
| $709K | ﹤0.01% |
25,917
-68,466
| -73% | -$1.99M |
|
1668
Polaris
PII
$3.63B
| $696K | ﹤0.01% |
17,006
-410,947
| -96% | -$19.6M |
|
|
RMAX
1669
DELISTED
RE/MAX Holdings
RMAX
| $693K | ﹤0.01% |
82,800
-16,400
| -17% | -$156K |
|
1670
Columbia Financial
CLBK
$1.22B
| $684K | ﹤0.01% |
45,590
-36,574
| -45% | -$567K |
|
1671
ACM Research
ACMR
$5.61B
| $666K | ﹤0.01% |
28,528
-261,472
| -90% | -$5.97M |
|
|
CAN
1672
Canaan Creative
CAN
$330M
| $658K | ﹤0.01% |
749,565
-380,952
| -34% | -$605K |
|
1673
ANI Pharmaceuticals
ANIP
$1.69B
| $642K | ﹤0.01% |
+9,585
| New | +$572K |
|
1674
Array Technologies
ARRY
$719M
| $641K | ﹤0.01% |
131,609
-956,191
| -88% | -$6.16M |
|
1675
Root
ROOT
$853M
| $611K | ﹤0.01% |
+4,577
| New | +$524K |
|
Similar funds
Norges Bank's Q1 2025 Portfolio in Review
As of Q1 2025, Norges Bank held 1,892 positions worth $712B, down 6.5% from $762B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Norges Bank's Q1 2025 filing shows 47 new, 694 increased, 865 reduced and 149 closed positions. Its largest new stake was Rocket Lab Corp: 4,017,216 shares worth $71.8M. The largest sale was Microsoft, an estimated $2.06B.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 31% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2025 buy was Rocket Lab Corp: 4,017,216 shares worth $71.8M.
- Norges Bank added most to Alphabet (Google) Class A in Q1 2025, an estimated $1.31B increase.
- Norges Bank's biggest Q1 2025 reduction was Microsoft, cutting an estimated $2.06B.
- Norges Bank fully exited HashiCorp, Inc. Class A Common Stock in Q1 2025, selling an estimated $161M.
- Norges Bank's ten largest holdings make up 30% of its $712B portfolio in Q1 2025.
- Norges Bank opened 47 new positions and closed 149 in Q1 2025.
- Norges Bank's portfolio value fell 6.5% quarter-over-quarter to $712B.
Based on Norges Bank's 13F filing for Q1 2025, filed 13 May 2025.