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 C
GOOG
|
+$1.19B |
| 2 |
Flutter Entertainment
FLUT
|
+$879M |
| 3 |
UnitedHealth
UNH
|
+$494M |
| 4 |
Micron Technology
MU
|
+$474M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$426M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$2.41B |
| 2 |
Apple
AAPL
|
+$1.93B |
| 3 |
T-Mobile US
TMUS
|
+$825M |
| 4 |
Amazon
AMZN
|
+$690M |
| 5 |
Microsoft
MSFT
|
+$583M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.02% |
| 2 | Financials | 14.31% |
| 3 | Healthcare | 12.25% |
| 4 | Consumer Discretionary | 10.83% |
| 5 | Communication Services | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1801
Lightspeed Commerce
LSPD
$1.33B
| $911K | ﹤0.01% |
64,773
-1,173,358
| -95% | -$18.6M |
|
|
RAPT
1802
DELISTED
RAPT Therapeutics
RAPT
| $901K | ﹤0.01% |
12,538
| – | – |
|
1803
Xperi
XPER
$377M
| $900K | ﹤0.01% |
74,600
-72,000
| -49% | -$792K |
|
|
TERN
1804
DELISTED
Terns Pharmaceuticals
TERN
| $899K | ﹤0.01% |
137,100
-289,600
| -68% | -$1.89M |
|
|
DADA
1805
DELISTED
Dada Nexus
DADA
| $888K | ﹤0.01% |
433,131
-258,667
| -37% | -$553K |
|
|
LBPH
1806
DELISTED
Longboard Pharmaceuticals, Inc. Common Stock
LBPH
| $864K | ﹤0.01% |
+40,000
| New | +$872K |
|
1807
National Presto Industries
NPK
$967M
| $846K | ﹤0.01% |
10,100
| – | – |
|
1808
Viavi Solutions
VIAV
$9.31B
| $814K | ﹤0.01% |
89,545
-2,354,160
| -96% | -$23.1M |
|
|
ZUO
1809
DELISTED
Zuora, Inc.
ZUO
| $807K | ﹤0.01% |
88,500
-417,100
| -82% | -$3.63M |
|
1810
Apogee Therapeutics
APGE
$10.1B
| $805K | ﹤0.01% |
12,121
+2,890
| +31% | +$126K |
|
1811
BlackBerry
BB
$4.99B
| $804K | ﹤0.01% |
291,363
-13,479,562
| -98% | -$39.4M |
|
1812
WisdomTree
WT
$3.21B
| $804K | ﹤0.01% |
87,466
| – | – |
|
|
RVNC
1813
DELISTED
Revance Therapeutics, Inc.
RVNC
| $792K | ﹤0.01% |
161,000
| – | – |
|
|
MURA
1814
DELISTED
Mural Oncology
MURA
| $789K | ﹤0.01% |
161,253
-7,258
| -4% | -$35.2K |
|
|
ONTF
1815
DELISTED
ON24
ONTF
| $765K | ﹤0.01% |
107,100
| – | – |
|
1816
Scilex Holding
SCLX
$46.1M
| $759K | ﹤0.01% |
13,646
| – | – |
|
1817
Fractyl Health
GUTS
$107M
| $740K | ﹤0.01% |
+100,000
| New | +$842K |
|
1818
Vericel Corp
VCEL
$2.36B
| $732K | ﹤0.01% |
+14,078
| New | +$617K |
|
1819
Coeur Mining
CDE
$16B
| $722K | ﹤0.01% |
191,480
-1,097,968
| -85% | -$3.17M |
|
1820
SiriusPoint
SPNT
$2.75B
| $715K | ﹤0.01% |
56,273
| – | – |
|
1821
Marten Transport
MRTN
$1.22B
| $704K | ﹤0.01% |
38,100
-94,300
| -71% | -$1.81M |
|
1822
Stoke Therapeutics
STOK
$1.84B
| $675K | ﹤0.01% |
+50,000
| New | +$303K |
|
1823
SmartRent
SMRT
$197M
| $670K | ﹤0.01% |
250,000
| – | – |
|
|
TDAY
1824
USA Today Co
TDAY
$1.32B
| $658K | ﹤0.01% |
269,500
| – | – |
|
1825
Ameresco
AMRC
$1.2B
| $656K | ﹤0.01% |
27,194
+9,366
| +53% | +$210K |
|
Similar funds
Norges Bank's Q1 2024 Portfolio in Review
As of Q1 2024, Norges Bank held 1,998 positions worth $634B, up 11% from $572B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Norges Bank's Q1 2024 filing shows 56 new, 971 increased, 737 reduced and 113 closed positions. Its largest new stake was Flutter Entertainment: 4,117,926 shares worth $820M. The largest sale was Alphabet (Google) Class A, an estimated $2.41B.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2024 buy was Flutter Entertainment: 4,117,926 shares worth $820M.
- Norges Bank added most to Alphabet (Google) Class C in Q1 2024, an estimated $1.19B increase.
- Norges Bank's biggest Q1 2024 reduction was Alphabet (Google) Class A, cutting an estimated $2.41B.
- Norges Bank fully exited Splunk Inc in Q1 2024, selling an estimated $379M.
- Norges Bank's ten largest holdings make up 27% of its $634B portfolio in Q1 2024.
- Norges Bank opened 56 new positions and closed 113 in Q1 2024.
- Norges Bank's portfolio value rose 11% quarter-over-quarter to $634B.
Based on Norges Bank's 13F filing for Q1 2024, filed 14 May 2024.