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 | |
|---|---|---|---|---|---|---|
1776
Myers Industries
MYE
$1.35B
| $4.64M | ﹤0.01% |
216,600
+9,500
| +5% | +$216K |
|
1777
Lloyds Banking Group
LYG
$91.3B
| $4.64M | ﹤0.01% |
2,000,000
| – | – |
|
|
LKFT
1778
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.72B
| $4.64M | ﹤0.01% |
120,000
| – | – |
|
|
SHYF
1779
DELISTED
The Shyft Group
SHYF
| $4.59M | ﹤0.01% |
201,800
+52,100
| +35% | +$1.46M |
|
1780
Shutterstock
SSTK
$229M
| $4.59M | ﹤0.01% |
63,179
-343,427
| -84% | -$24M |
|
1781
Par Pacific Holdings
PARR
$3.69B
| $4.58M | ﹤0.01% |
157,000
| – | – |
|
1782
FIGS
FIGS
$1.81B
| $4.58M | ﹤0.01% |
740,343
+81,433
| +12% | +$627K |
|
1783
Columbia Financial
CLBK
$1.12B
| $4.57M | ﹤0.01% |
250,122
-12,528
| -5% | -$254K |
|
|
FSR
1784
DELISTED
Fisker Inc.
FSR
| $4.57M | ﹤0.01% |
+743,834
| New | +$5.13M |
|
1785
Live Oak Bancshares
LOB
$2.03B
| $4.55M | ﹤0.01% |
186,824
| – | – |
|
1786
Stem
STEM
$52M
| $4.53M | ﹤0.01% |
39,943
+38,328
| +2,373% | +$6.5M |
|
1787
Sprout Social
SPT
$524M
| $4.51M | ﹤0.01% |
74,153
-7,422
| -9% | -$454K |
|
|
SAVE
1788
DELISTED
Spirit Airlines, Inc.
SAVE
| $4.5M | ﹤0.01% |
261,853
-347,732
| -57% | -$6.5M |
|
1789
Payoneer
PAYO
$2.41B
| $4.47M | ﹤0.01% |
711,691
| – | – |
|
|
RNAM
1790
DELISTED
Avidity Biosciences
RNAM
| $4.46M | ﹤0.01% |
290,500
+205,400
| +241% | +$4.52M |
|
|
MTTR
1791
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
| $4.45M | ﹤0.01% |
1,630,806
+238,211
| +17% | +$728K |
|
|
DSEY
1792
DELISTED
Diversey Holdings, Ltd. Ordinary Shares
DSEY
| $4.45M | ﹤0.01% |
+550,000
| New | +$3.49M |
|
1793
Washington Trust Bancorp
WASH
$752M
| $4.45M | ﹤0.01% |
128,320
+17,200
| +15% | +$725K |
|
|
DCPH
1794
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $4.44M | ﹤0.01% |
+287,068
| New | +$4.79M |
|
1795
Palantir
PLTR
$381B
| $4.41M | ﹤0.01% |
522,417
-5,613,896
| -91% | -$43.9M |
|
1796
Choice Hotels
CHH
$5.06B
| $4.39M | ﹤0.01% |
37,458
-17,900
| -32% | -$2.14M |
|
1797
JD.com
JD
$44B
| $4.39M | ﹤0.01% |
100,000
| – | – |
|
1798
Xperi
XPER
$378M
| $4.37M | ﹤0.01% |
399,859
-28,619
| -7% | -$298K |
|
|
TBI
1799
Trueblue
TBI
$305M
| $4.31M | ﹤0.01% |
242,345
| – | – |
|
1800
Century Aluminum
CENX
$4.65B
| $4.3M | ﹤0.01% |
430,193
| – | – |
|
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.