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 | |
|---|---|---|---|---|---|---|
|
PTVE
1801
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $3.3M | ﹤0.01% |
436,014
| – | – |
|
|
HCCI
1802
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $3.25M | ﹤0.01% |
85,900
-13,600
| -14% | -$476K |
|
1803
Crane NXT
CXT
$2.97B
| $3.25M | ﹤0.01% |
57,513
-1,285,719
| -96% | -$65.4M |
|
1804
TechTarget
TTGT
$325M
| $3.24M | ﹤0.01% |
104,120
-38,100
| -27% | -$1.29M |
|
1805
Rush Street Interactive
RSI
$2.76B
| $3.24M | ﹤0.01% |
1,037,900
+737,900
| +246% | +$2.28M |
|
|
AVTA
1806
DELISTED
Avantax, Inc. Common Stock
AVTA
| $3.23M | ﹤0.01% |
144,275
| – | – |
|
1807
Telephone and Data Systems
TDS
$3.82B
| $3.23M | ﹤0.01% |
392,098
-345,649
| -47% | -$2.93M |
|
1808
FTAI Infrastructure
FIP
$473M
| $3.22M | ﹤0.01% |
+873,800
| New | +$2.84M |
|
1809
Enanta Pharmaceuticals
ENTA
$378M
| $3.22M | ﹤0.01% |
150,614
+28,000
| +23% | +$825K |
|
1810
Sinclair Inc
SBGI
$994M
| $3.22M | ﹤0.01% |
233,149
-100,179
| -30% | -$1.65M |
|
|
OPI
1811
DELISTED
Office Properties Income Trust
OPI
| $3.22M | ﹤0.01% |
418,078
| – | – |
|
1812
Scholastic
SCHL
$789M
| $3.21M | ﹤0.01% |
82,620
-124,900
| -60% | -$4.85M |
|
1813
Alector
ALEC
$180M
| $3.21M | ﹤0.01% |
533,791
-39,113
| -7% | -$273K |
|
1814
Kearny Financial
KRNY
$606M
| $3.19M | ﹤0.01% |
453,097
| – | – |
|
|
EDR
1815
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $3.19M | ﹤0.01% |
+133,300
| New | +$3.14M |
|
1816
Park National Corp
PRK
$3.74B
| $3.15M | ﹤0.01% |
30,789
-24,279
| -44% | -$2.58M |
|
1817
MGP Ingredients
MGPI
$380M
| $3.13M | ﹤0.01% |
29,442
-44,000
| -60% | -$4.4M |
|
|
TWOU
1818
DELISTED
2U Inc
TWOU
| $3.12M | ﹤0.01% |
25,834
-4,664
| -15% | -$620K |
|
|
IMGN
1819
DELISTED
Immunogen Inc
IMGN
| $3.11M | ﹤0.01% |
+165,000
| New | +$1.95M |
|
1820
Republic Bancorp
RBCAA
$1.93B
| $3.09M | ﹤0.01% |
72,788
| – | – |
|
1821
CAVA Group
CAVA
$7.74B
| $3.04M | ﹤0.01% |
+74,160
| New | +$3.05M |
|
|
CMAX
1822
DELISTED
CareMax, Inc. Class A Common Stock
CMAX
| $2.98M | ﹤0.01% |
31,893
+20,920
| +191% | +$1.84M |
|
1823
John Wiley & Sons Class A
WLY
$2.66B
| $2.97M | ﹤0.01% |
87,309
-68,758
| -44% | -$2.5M |
|
1824
F&G Annuities & Life
FG
$3.86B
| $2.9M | ﹤0.01% |
117,019
-112,824
| -49% | -$2.21M |
|
1825
Pricesmart
PSMT
$5.94B
| $2.87M | ﹤0.01% |
38,695
-56,300
| -59% | -$4.15M |
|
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.