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 | |
|---|---|---|---|---|---|---|
1801
Prothena Corp
PRTA
$444M
| $1.19M | ﹤0.01% |
57,454
| – | – |
|
1802
Hertz
HTZ
$493M
| $1.15M | ﹤0.01% |
324,469
-249,657
| -43% | -$1.27M |
|
|
BAND
1803
Bandwidth Inc
BAND
$1.47B
| $1.14M | ﹤0.01% |
+67,500
| New | +$1.27M |
|
1804
Pilgrim's Pride
PPC
$6.33B
| $1.1M | ﹤0.01% |
28,472
-225,614
| -89% | -$8.13M |
|
1805
Lucid Motors
LCID
$2.61B
| $1.09M | ﹤0.01% |
41,868
-110,835
| -73% | -$2.96M |
|
1806
Neumora Therapeutics
NMRA
$298M
| $1.08M | ﹤0.01% |
110,000
| – | – |
|
1807
Consensus Cloud Solutions
CCSI
$702M
| $1.07M | ﹤0.01% |
+62,500
| New | +$1.01M |
|
1808
Axogen
AXGN
$2.43B
| $1.07M | ﹤0.01% |
148,300
-78,400
| -35% | -$536K |
|
1809
OneSpan
OSPN
$604M
| $1.06M | ﹤0.01% |
+82,800
| New | +$996K |
|
|
ATSG
1810
DELISTED
Air Transport Services Group
ATSG
| $1.06M | ﹤0.01% |
76,078
-15,420
| -17% | -$204K |
|
1811
Ardagh Metal Packaging
AMBP
$3.04B
| $1.04M | ﹤0.01% |
306,792
+30,812
| +11% | +$116K |
|
1812
Backblaze
BLZE
$1.12B
| $1.04M | ﹤0.01% |
+169,300
| New | +$1.32M |
|
1813
McEwen Inc
MUX
$1.18B
| $1.01M | ﹤0.01% |
+110,300
| New | +$1.21M |
|
|
MRX
1814
Marex Group Limited Ordinary Shares
MRX
$4.62B
| $1M | ﹤0.01% |
+50,000
| New | +$983K |
|
1815
Sinclair Inc
SBGI
$1B
| $979K | ﹤0.01% |
73,421
| – | – |
|
1816
StepStone Group
STEP
$4.1B
| $977K | ﹤0.01% |
+21,300
| New | +$837K |
|
1817
Photronics
PLAB
$1.89B
| $965K | ﹤0.01% |
+39,100
| New | +$1.06M |
|
1818
Pulmonx
LUNG
$83.6M
| $959K | ﹤0.01% |
151,200
| – | – |
|
|
ONL
1819
Orion Office REIT
ONL
$151M
| $940K | ﹤0.01% |
261,824
-305,356
| -54% | -$1.05M |
|
|
HYZN
1820
DELISTED
Hyzon Motors Inc. Class A Common Stock
HYZN
| $931K | ﹤0.01% |
58,006
-40,330
| -41% | -$1.12M |
|
1821
uniQure
QURE
$3.07B
| $928K | ﹤0.01% |
207,100
| – | – |
|
1822
Scilex Holding
SCLX
$45.9M
| $922K | ﹤0.01% |
13,646
| – | – |
|
|
ILPT
1823
Industrial Logistics Properties Trust
ILPT
$584M
| $899K | ﹤0.01% |
+244,300
| New | +$944K |
|
1824
Lightspeed Commerce
LSPD
$1.34B
| $887K | ﹤0.01% |
64,773
| – | – |
|
1825
Tronox
TROX
$933M
| $873K | ﹤0.01% |
55,653
-303,874
| -85% | -$5.53M |
|
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.