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
|
+$2.32B |
| 2 |
Apple
AAPL
|
+$2.24B |
| 3 |
Microsoft
MSFT
|
+$1.26B |
| 4 |
Amazon
AMZN
|
+$1.21B |
| 5 |
ExxonMobil
XOM
|
+$882M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.69B |
| 2 |
Palo Alto Networks
PANW
|
+$614M |
| 3 |
Booking.com
BKNG
|
+$591M |
| 4 |
Equinix
EQIX
|
+$417M |
| 5 |
Micron Technology
MU
|
+$324M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.28% |
| 2 | Financials | 13.68% |
| 3 | Healthcare | 11.64% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Communication Services | 8.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1751
Opko Health
OPK
$1.01B
| $1.66M | ﹤0.01% |
1,330,720
-751,235
| -36% | -$974K |
|
1752
Pacific Biosciences
PACB
$404M
| $1.66M | ﹤0.01% |
1,213,637
-338,940
| -22% | -$684K |
|
1753
Columbia Financial
CLBK
$1.12B
| $1.66M | ﹤0.01% |
110,902
-58,701
| -35% | -$910K |
|
1754
IDT Corp
IDT
$1.64B
| $1.64M | ﹤0.01% |
+45,700
| New | +$1.72M |
|
|
RAPP
1755
Rapport Therapeutics
RAPP
$2.03B
| $1.63M | ﹤0.01% |
+70,000
| New | +$1.62M |
|
1756
Covenant Logistics
CVLG
$900M
| $1.63M | ﹤0.01% |
+66,000
| New | +$1.53M |
|
1757
Arcutis Biotherapeutics
ARQT
$3.39B
| $1.63M | ﹤0.01% |
174,820
| – | – |
|
1758
America Movil
AMX
$72.1B
| $1.62M | ﹤0.01% |
95,201
-100,000
| -51% | -$1.84M |
|
1759
Primerica
PRI
$10B
| $1.6M | ﹤0.01% |
6,777
-111,124
| -94% | -$25.2M |
|
|
BRFS
1760
DELISTED
BRF SA
BRFS
| $1.6M | ﹤0.01% |
393,370
| – | – |
|
1761
dLocal
DLO
$4.47B
| $1.58M | ﹤0.01% |
194,769
| – | – |
|
1762
Mercury Insurance
MCY
$6.07B
| $1.57M | ﹤0.01% |
29,601
-40,300
| -58% | -$2.18M |
|
1763
Enviri
NVRI
$647M
| $1.56M | ﹤0.01% |
181,000
| – | – |
|
1764
Miller Industries
MLR
$579M
| $1.56M | ﹤0.01% |
+28,300
| New | +$1.55M |
|
|
KALV
1765
DELISTED
KalVista Pharmaceuticals
KALV
| $1.55M | ﹤0.01% |
+131,300
| New | +$1.53M |
|
|
SPNS
1766
DELISTED
Sapiens International
SPNS
| $1.53M | ﹤0.01% |
+45,728
| New | +$1.49M |
|
1767
Methode Electronics
MEI
$612M
| $1.49M | ﹤0.01% |
143,583
| – | – |
|
1768
National Presto Industries
NPK
$1B
| $1.48M | ﹤0.01% |
19,700
+9,600
| +95% | +$756K |
|
|
HSII
1769
DELISTED
Heidrick & Struggles
HSII
| $1.48M | ﹤0.01% |
+46,800
| New | +$1.53M |
|
1770
Cheesecake Factory
CAKE
$5.23B
| $1.47M | ﹤0.01% |
37,455
-219,629
| -85% | -$8.14M |
|
1771
Metagenomi Therapeutics
MGX
$45.9M
| $1.47M | ﹤0.01% |
360,202
+252,310
| +234% | +$1.73M |
|
1772
Asana
ASAN
$2.05B
| $1.47M | ﹤0.01% |
105,030
-87,880
| -46% | -$1.25M |
|
1773
Lindblad Expeditions
LIND
$2.24B
| $1.44M | ﹤0.01% |
+149,200
| New | +$1.16M |
|
1774
Gorman-Rupp
GRC
$2.25B
| $1.44M | ﹤0.01% |
+39,200
| New | +$1.38M |
|
|
ARR
1775
Armour Residential REIT
ARR
$2.35B
| $1.44M | ﹤0.01% |
74,120
| – | – |
|
Similar funds
Norges Bank's Q2 2024 Portfolio in Review
As of Q2 2024, Norges Bank held 2,011 positions worth $669B, up 5.6% from $634B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Norges Bank's Q2 2024 filing shows 126 new, 838 increased, 818 reduced and 81 closed positions. Its largest new stake was Ferrovial N.V. Ordinary Shares: 12,011,984 shares worth $462M. The largest sale was Alphabet (Google) Class C, an estimated $1.69B.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q2 2024 buy was Ferrovial N.V. Ordinary Shares: 12,011,984 shares worth $462M.
- Norges Bank added most to Alphabet (Google) Class A in Q2 2024, an estimated $2.32B increase.
- Norges Bank's biggest Q2 2024 reduction was Alphabet (Google) Class C, cutting an estimated $1.69B.
- Norges Bank fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $168M.
- Norges Bank's ten largest holdings make up 31% of its $669B portfolio in Q2 2024.
- Norges Bank opened 126 new positions and closed 81 in Q2 2024.
- Norges Bank's portfolio value rose 5.6% quarter-over-quarter to $669B.
Based on Norges Bank's 13F filing for Q2 2024, filed 14 Aug 2024.