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 | |
|---|---|---|---|---|---|---|
1776
Kymera Therapeutics
KYMR
$8.8B
| $3.85M | ﹤0.01% |
167,536
| – | – |
|
1777
Kodiak Gas Services
KGS
$5.88B
| $3.84M | ﹤0.01% |
+236,306
| New | +$3.77M |
|
|
ETNB
1778
DELISTED
89bio
ETNB
| $3.84M | ﹤0.01% |
+202,500
| New | +$3.56M |
|
|
AMED
1779
DELISTED
Amedisys
AMED
| $3.83M | ﹤0.01% |
41,835
-282,187
| -87% | -$23.1M |
|
1780
Allogene Therapeutics
ALLO
$680M
| $3.82M | ﹤0.01% |
769,120
| – | – |
|
|
FINV
1781
FinVolution Group
FINV
$1.15B
| $3.76M | ﹤0.01% |
816,352
| – | – |
|
1782
Century Aluminum
CENX
$4.44B
| $3.75M | ﹤0.01% |
430,193
| – | – |
|
|
ONL
1783
Orion Office REIT
ONL
$148M
| $3.75M | ﹤0.01% |
567,180
-54,733
| -9% | -$341K |
|
1784
Vital Farms
VITL
$536M
| $3.72M | ﹤0.01% |
310,000
| – | – |
|
|
DADA
1785
DELISTED
Dada Nexus
DADA
| $3.67M | ﹤0.01% |
691,798
| – | – |
|
1786
John B. Sanfilippo & Son
JBSS
$954M
| $3.62M | ﹤0.01% |
30,900
-21,300
| -41% | -$2.39M |
|
1787
Reynolds Consumer Products
REYN
$5.32B
| $3.62M | ﹤0.01% |
128,142
-46,700
| -27% | -$1.3M |
|
1788
Washington Trust Bancorp
WASH
$748M
| $3.57M | ﹤0.01% |
133,320
+5,000
| +4% | +$140K |
|
|
TSE
1789
DELISTED
Trinseo
TSE
| $3.57M | ﹤0.01% |
281,876
| – | – |
|
1790
Buckle
BKE
$2.27B
| $3.56M | ﹤0.01% |
102,810
-10,300
| -9% | -$345K |
|
|
SOVO
1791
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
| $3.52M | ﹤0.01% |
+180,040
| New | +$3.25M |
|
1792
Allegiant Air
ALGT
$2.66B
| $3.5M | ﹤0.01% |
27,728
-2,563
| -8% | -$268K |
|
1793
SiriusXM
SIRI
$10.4B
| $3.49M | ﹤0.01% |
77,102
-634,977
| -89% | -$24M |
|
|
BASE
1794
DELISTED
Couchbase
BASE
| $3.44M | ﹤0.01% |
217,700
-11,600
| -5% | -$190K |
|
1795
Payoneer
PAYO
$2.42B
| $3.42M | ﹤0.01% |
711,691
| – | – |
|
1796
CRH
CRH
$64.1B
| $3.41M | ﹤0.01% |
+61,260
| New | +$3.06M |
|
1797
JD.com
JD
$43.6B
| $3.41M | ﹤0.01% |
100,000
| – | – |
|
1798
CareDx
CDNA
$1.97B
| $3.4M | ﹤0.01% |
400,142
| – | – |
|
1799
TFS Financial
TFSL
$5.06B
| $3.4M | ﹤0.01% |
270,516
+50,700
| +23% | +$615K |
|
1800
Banco Bilbao Vizcaya Argentaria
BBVA
$152B
| $3.3M | ﹤0.01% |
430,000
| – | – |
|
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.