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 |
SW
Smurfit Westrock
SW
|
+$1.25B |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$1.07B |
| 3 |
Broadcom
AVGO
|
+$991M |
| 4 |
LINE
Lineage Inc
LINE
|
+$962M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$841M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$1.29B |
| 2 |
T-Mobile US
TMUS
|
+$856M |
| 3 |
Simon Property Group
SPG
|
+$810M |
| 4 |
General Dynamics
GD
|
+$799M |
| 5 |
Workday
WDAY
|
+$644M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.35% |
| 2 | Financials | 14.21% |
| 3 | Healthcare | 11.51% |
| 4 | Consumer Discretionary | 10.72% |
| 5 | Communication Services | 8.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1726
CVRx
CVRX
$79.9M
| $1.08M | ﹤0.01% |
122,400
-26,800
| -18% | -$244K |
|
|
RWT
1727
Redwood Trust
RWT
$481M
| $1.05M | ﹤0.01% |
135,533
-835,307
| -86% | -$6.09M |
|
1728
Travere Therapeutics
TVTX
$6.2B
| $993K | ﹤0.01% |
71,000
| – | – |
|
1729
LegalZoom.com
LZ
$1.08B
| $975K | ﹤0.01% |
153,519
-160,075
| -51% | -$1.05M |
|
1730
Matthews International
MATW
$621M
| $967K | ﹤0.01% |
41,687
-141,985
| -77% | -$3.58M |
|
1731
Embecta
EMBC
$297M
| $964K | ﹤0.01% |
68,390
-117,411
| -63% | -$1.71M |
|
1732
Century Aluminum
CENX
$4.11B
| $963K | ﹤0.01% |
59,321
-109,470
| -65% | -$1.66M |
|
1733
Prothena Corp
PRTA
$455M
| $961K | ﹤0.01% |
57,454
| – | – |
|
1734
Ibotta
IBTA
$854M
| $956K | ﹤0.01% |
15,516
-109,484
| -88% | -$6.63M |
|
1735
GameStop
GME
$10.9B
| $945K | ﹤0.01% |
+41,204
| New | +$942K |
|
1736
Intellia Therapeutics
NTLA
$1.66B
| $940K | ﹤0.01% |
45,761
-194,654
| -81% | -$4.49M |
|
1737
10x Genomics
TXG
$9.13B
| $927K | ﹤0.01% |
41,071
-949,980
| -96% | -$19.6M |
|
1738
IonQ
IONQ
$15.2B
| $926K | ﹤0.01% |
105,977
+9,725
| +10% | +$74.1K |
|
|
GRAL
1739
GRAIL Inc
GRAL
$3.37B
| $913K | ﹤0.01% |
66,342
-285,484
| -81% | -$4.33M |
|
|
BDN
1740
Brandywine Realty Trust
BDN
$506M
| $909K | ﹤0.01% |
167,068
-793,550
| -83% | -$3.95M |
|
1741
Lindblad Expeditions
LIND
$1.7B
| $908K | ﹤0.01% |
98,200
-51,000
| -34% | -$474K |
|
1742
Loar Holdings
LOAR
$6.05B
| $895K | ﹤0.01% |
12,000
| – | – |
|
|
GLDD
1743
DELISTED
Great Lakes Dredge & Dock
GLDD
| $882K | ﹤0.01% |
83,800
-161,500
| -66% | -$1.5M |
|
1744
WisdomTree
WT
$3.45B
| $874K | ﹤0.01% |
87,466
| – | – |
|
1745
National Vision
EYE
$1.38B
| $867K | ﹤0.01% |
79,431
-105,689
| -57% | -$1.23M |
|
1746
Ooma
OOMA
$630M
| $865K | ﹤0.01% |
75,900
| – | – |
|
|
RVNC
1747
DELISTED
Revance Therapeutics, Inc.
RVNC
| $836K | ﹤0.01% |
161,000
| – | – |
|
|
BIOA
1748
BioAge Labs
BIOA
$389M
| $832K | ﹤0.01% |
+40,000
| New | +$801K |
|
1749
Integra LifeSciences
IART
$1.22B
| $824K | ﹤0.01% |
45,322
-641,512
| -93% | -$14.9M |
|
1750
Wave Life Sciences
WVE
$902M
| $820K | ﹤0.01% |
+100,000
| New | +$598K |
|
Similar funds
Norges Bank's Q3 2024 Portfolio in Review
As of Q3 2024, Norges Bank held 1,995 positions worth $716B, up 7% from $669B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Norges Bank's Q3 2024 filing shows 65 new, 724 increased, 864 reduced and 156 closed positions. Its largest new stake was Smurfit Westrock: 27,560,163 shares worth $1.36B. The largest sale was Berkshire Hathaway Class B, an estimated $1.29B.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2024 buy was Smurfit Westrock: 27,560,163 shares worth $1.36B.
- Norges Bank added most to Berkshire Hathaway Class A in Q3 2024, an estimated $1.07B increase.
- Norges Bank's biggest Q3 2024 reduction was Berkshire Hathaway Class B, cutting an estimated $1.29B.
- Norges Bank fully exited General Dynamics in Q3 2024, selling an estimated $799M.
- Norges Bank's ten largest holdings make up 30% of its $716B portfolio in Q3 2024.
- Norges Bank opened 65 new positions and closed 156 in Q3 2024.
- Norges Bank's portfolio value rose 7% quarter-over-quarter to $716B.
Based on Norges Bank's 13F filing for Q3 2024, filed 13 Nov 2024.