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 | |
|---|---|---|---|---|---|---|
1751
Columbia Financial
CLBK
$1.14B
| $4.33M | ﹤0.01% |
250,222
+100
| +0% | +$1.73K |
|
1752
Live Oak Bancshares
LOB
$1.97B
| $4.32M | ﹤0.01% |
164,256
-22,568
| -12% | -$531K |
|
|
CVAC
1753
DELISTED
CureVac
CVAC
| $4.31M | ﹤0.01% |
413,736
-1,200,000
| -74% | -$10.7M |
|
1754
Enovix
ENVX
$912M
| $4.3M | ﹤0.01% |
272,263
-712,063
| -72% | -$8.28M |
|
|
TBI
1755
Trueblue
TBI
$222M
| $4.29M | ﹤0.01% |
242,345
| – | – |
|
1756
StoneCo
STNE
$2.78B
| $4.27M | ﹤0.01% |
335,015
| – | – |
|
1757
Alignment Healthcare
ALHC
$3.85B
| $4.26M | ﹤0.01% |
741,086
-27,600
| -4% | -$178K |
|
1758
Sprout Social
SPT
$509M
| $4.24M | ﹤0.01% |
91,768
+17,615
| +24% | +$838K |
|
1759
World Acceptance Corp
WRLD
$840M
| $4.22M | ﹤0.01% |
+31,500
| New | +$3.39M |
|
|
FSR
1760
DELISTED
Fisker Inc.
FSR
| $4.2M | ﹤0.01% |
743,834
| – | – |
|
1761
Star Bulk Carriers
SBLK
$3.25B
| $4.18M | ﹤0.01% |
236,138
| – | – |
|
1762
Par Pacific Holdings
PARR
$4.31B
| $4.18M | ﹤0.01% |
157,000
| – | – |
|
|
BFS
1763
Saul Centers
BFS
$850M
| $4.17M | ﹤0.01% |
113,265
-7,700
| -6% | -$277K |
|
|
SAVE
1764
DELISTED
Spirit Airlines, Inc.
SAVE
| $4.14M | ﹤0.01% |
241,421
-20,432
| -8% | -$335K |
|
1765
NovaGold Resources
NG
$2.66B
| $4.13M | ﹤0.01% |
1,040,088
-1,049,999
| -50% | -$5.64M |
|
|
HBI
1766
DELISTED
Hanesbrands
HBI
| $4.13M | ﹤0.01% |
909,939
-1,009,810
| -53% | -$4.62M |
|
|
RVNC
1767
DELISTED
Revance Therapeutics, Inc.
RVNC
| $4.07M | ﹤0.01% |
161,000
| – | – |
|
|
FORG
1768
DELISTED
ForgeRock, Inc.
FORG
| $4.05M | ﹤0.01% |
197,000
+87,000
| +79% | +$1.74M |
|
|
ATSG
1769
DELISTED
Air Transport Services Group
ATSG
| $4.04M | ﹤0.01% |
214,048
-28,300
| -12% | -$526K |
|
1770
Community Health Systems
CYH
$391M
| $4M | ﹤0.01% |
908,600
-254,800
| -22% | -$1.08M |
|
|
PRA
1771
DELISTED
ProAssurance
PRA
| $3.99M | ﹤0.01% |
264,698
| – | – |
|
1772
Hackett Group
HCKT
$269M
| $3.97M | ﹤0.01% |
177,800
+400
| +0.2% | +$7.83K |
|
|
SWI
1773
DELISTED
SolarWinds Corporation Common Stock
SWI
| $3.93M | ﹤0.01% |
383,294
| – | – |
|
1774
3D Systems Corp
DDD
$441M
| $3.88M | ﹤0.01% |
390,442
-449,151
| -53% | -$4.11M |
|
1775
Camping World
CWH
$400M
| $3.87M | ﹤0.01% |
128,652
| – | – |
|
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.