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 | |
|---|---|---|---|---|---|---|
|
ARR
1726
Armour Residential REIT
ARR
$2.3B
| $4.84M | ﹤0.01% |
181,475
| – | – |
|
1727
Rocket Pharmaceuticals
RCKT
$336M
| $4.84M | ﹤0.01% |
243,351
| – | – |
|
1728
Brady Corp
BRC
$4.39B
| $4.83M | ﹤0.01% |
+101,584
| New | +$5.11M |
|
|
MDRX
1729
DELISTED
Veradigm Inc. Common Stock
MDRX
| $4.79M | ﹤0.01% |
380,005
+139,000
| +58% | +$1.69M |
|
1730
Intapp
INTA
$2.45B
| $4.75M | ﹤0.01% |
113,300
-73,100
| -39% | -$3.15M |
|
|
VMEO
1731
DELISTED
Vimeo
VMEO
| $4.75M | ﹤0.01% |
1,152,300
-222,751
| -16% | -$843K |
|
1732
Zentalis Pharmaceuticals
ZNTL
$348M
| $4.73M | ﹤0.01% |
167,742
-169,900
| -50% | -$4.08M |
|
1733
Wolverine World Wide
WWW
$1.59B
| $4.73M | ﹤0.01% |
321,849
-344,900
| -52% | -$5.27M |
|
1734
Compass Minerals
CMP
$1.23B
| $4.72M | ﹤0.01% |
138,923
-142,700
| -51% | -$4.74M |
|
1735
Enlight Renewable Energy
ENLT
$11.7B
| $4.71M | ﹤0.01% |
267,017
-58,754
| -18% | -$1.04M |
|
1736
Hudbay
HBM
$10B
| $4.67M | ﹤0.01% |
975,024
| – | – |
|
1737
Theravance Biopharma
TBPH
$874M
| $4.67M | ﹤0.01% |
451,338
| – | – |
|
|
MCW
1738
DELISTED
Mister Car Wash
MCW
| $4.67M | ﹤0.01% |
483,590
| – | – |
|
|
DSEY
1739
DELISTED
Diversey Holdings, Ltd. Ordinary Shares
DSEY
| $4.61M | ﹤0.01% |
550,000
| – | – |
|
1740
Arlo Technologies
ARLO
$1.57B
| $4.57M | ﹤0.01% |
+418,800
| New | +$3.41M |
|
1741
NOV
NOV
$6.86B
| $4.55M | ﹤0.01% |
283,573
+28,808
| +11% | +$470K |
|
1742
Sally Beauty Holdings
SBH
$1.45B
| $4.54M | ﹤0.01% |
367,879
-224,044
| -38% | -$2.84M |
|
1743
Chesapeake Utilities
CPK
$3.17B
| $4.54M | ﹤0.01% |
38,117
-42,800
| -53% | -$5.42M |
|
|
LGF.B
1744
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $4.52M | ﹤0.01% |
541,865
| – | – |
|
1745
Community Trust Bancorp
CTBI
$1.42B
| $4.49M | ﹤0.01% |
126,322
| – | – |
|
|
DAY
1746
DELISTED
Dayforce
DAY
| $4.45M | ﹤0.01% |
66,406
-341,317
| -84% | -$22M |
|
1747
E.W. Scripps
SSP
$257M
| $4.45M | ﹤0.01% |
485,806
+54,500
| +13% | +$459K |
|
1748
Ameresco
AMRC
$1.11B
| $4.43M | ﹤0.01% |
90,998
-87,700
| -49% | -$3.95M |
|
1749
Lloyds Banking Group
LYG
$89.5B
| $4.4M | ﹤0.01% |
2,000,000
| – | – |
|
1750
Viking Therapeutics
VKTX
$3.73B
| $4.39M | ﹤0.01% |
+271,000
| New | +$5.68M |
|
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.