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
|
+$764M |
| 2 |
UBS Group
UBS
|
+$753M |
| 3 |
Apple
AAPL
|
+$665M |
| 4 |
JPMorgan Chase
JPM
|
+$621M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$498M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$811M |
| 2 |
Oracle
ORCL
|
+$505M |
| 3 |
T-Mobile US
TMUS
|
+$390M |
| 4 |
Deutsche Bank
DB
|
+$275M |
| 5 |
GE Aerospace
GE
|
+$240M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.11% |
| 2 | Financials | 13.76% |
| 3 | Healthcare | 13.71% |
| 4 | Consumer Discretionary | 10.81% |
| 5 | Communication Services | 7.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1676
Marcus & Millichap
MMI
$1.18B
| $7.04M | ﹤0.01% |
219,322
| – | – |
|
1677
Dick's Sporting Goods
DKS
$17.9B
| $7.04M | ﹤0.01% |
49,595
-10,113
| -17% | -$1.35M |
|
1678
Kornit Digital
KRNT
$781M
| $7.01M | ﹤0.01% |
362,048
+46,168
| +15% | +$1.04M |
|
|
ACH
1679
Accendra Health
ACH
$227M
| $6.92M | ﹤0.01% |
475,359
+160,592
| +51% | +$2.88M |
|
|
BBBY
1680
Bed Bath & Beyond
BBBY
$440M
| $6.9M | ﹤0.01% |
374,268
-22,588
| -6% | -$421K |
|
|
SWTX
1681
DELISTED
SpringWorks Therapeutics
SWTX
| $6.89M | ﹤0.01% |
267,833
-89,861
| -25% | -$2.63M |
|
|
RWT
1682
Redwood Trust
RWT
$574M
| $6.86M | ﹤0.01% |
1,018,292
-96,139
| -9% | -$720K |
|
1683
Life Time Group Holdings
LTH
$10.1B
| $6.85M | ﹤0.01% |
429,101
-195,587
| -31% | -$3.35M |
|
1684
G-III Apparel Group
GIII
$1.54B
| $6.81M | ﹤0.01% |
438,250
-34,300
| -7% | -$538K |
|
1685
Pricesmart
PSMT
$5.76B
| $6.79M | ﹤0.01% |
94,995
+56,300
| +145% | +$3.95M |
|
|
KAMN
1686
DELISTED
Kaman Corp
KAMN
| $6.75M | ﹤0.01% |
295,209
+45,700
| +18% | +$1.09M |
|
|
FLNA
1687
Filana Therapeutics
FLNA
$46.4M
| $6.64M | ﹤0.01% |
275,085
-54,957
| -17% | -$1.52M |
|
|
LPRO
1688
DELISTED
Open Lending Corp
LPRO
| $6.55M | ﹤0.01% |
930,625
+27,600
| +3% | +$215K |
|
|
ISEE
1689
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $6.53M | ﹤0.01% |
268,586
+129,246
| +93% | +$2.83M |
|
1690
Park National Corp
PRK
$3.75B
| $6.53M | ﹤0.01% |
+55,068
| New | +$7.05M |
|
1691
Gray Television
GTN
$447M
| $6.53M | ﹤0.01% |
748,378
-66,201
| -8% | -$738K |
|
1692
Scansource
SCSC
$1.17B
| $6.45M | ﹤0.01% |
211,924
-52,300
| -20% | -$1.62M |
|
1693
Agios Pharmaceuticals
AGIO
$1.89B
| $6.45M | ﹤0.01% |
280,769
-72,733
| -21% | -$1.93M |
|
1694
Clearway Energy Class C
CWEN
$4.86B
| $6.38M | ﹤0.01% |
203,649
+63,608
| +45% | +$2.04M |
|
1695
Seacoast Banking Corp of Florida
SBCF
$3.39B
| $6.38M | ﹤0.01% |
+269,101
| New | +$8.01M |
|
1696
Deluxe
DLX
$1.22B
| $6.35M | ﹤0.01% |
396,876
| – | – |
|
1697
Opendoor
OPEN
$3.63B
| $6.34M | ﹤0.01% |
3,722,376
-1,275,719
| -26% | -$2.1M |
|
1698
Usana Health Sciences
USNA
$277M
| $6.33M | ﹤0.01% |
100,707
-8,041
| -7% | -$480K |
|
1699
Sabre
SABR
$838M
| $6.32M | ﹤0.01% |
1,474,064
-127,551
| -8% | -$730K |
|
|
INN
1700
Summit Hotel Properties
INN
$739M
| $6.32M | ﹤0.01% |
903,340
+152,700
| +20% | +$1.16M |
|
Similar funds
Norges Bank's Q1 2023 Portfolio in Review
As of Q1 2023, Norges Bank held 2,211 positions worth $457B, up 10% from $415B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Norges Bank's Q1 2023 filing shows 81 new, 1,022 increased, 782 reduced and 124 closed positions. Its largest new stake was GE HealthCare: 2,602,917 shares worth $214M. The largest sale was Bank of America, an estimated $811M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2023 buy was GE HealthCare: 2,602,917 shares worth $214M.
- Norges Bank added most to Microsoft in Q1 2023, an estimated $764M increase.
- Norges Bank's biggest Q1 2023 reduction was Bank of America, cutting an estimated $811M.
- Norges Bank fully exited SVB Financial Group in Q1 2023, selling an estimated $141M.
- Norges Bank's ten largest holdings make up 24% of its $457B portfolio in Q1 2023.
- Norges Bank opened 81 new positions and closed 124 in Q1 2023.
- Norges Bank's portfolio value rose 10% quarter-over-quarter to $457B.
Based on Norges Bank's 13F filing for Q1 2023, filed 15 May 2023.