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 | |
|---|---|---|---|---|---|---|
1826
Chegg
CHGG
$115M
| $872K | ﹤0.01% |
276,002
-246,033
| -47% | -$1.22M |
|
1827
WisdomTree
WT
$3.37B
| $867K | ﹤0.01% |
87,466
| – | – |
|
1828
Heartland Express
HTLD
$972M
| $864K | ﹤0.01% |
70,067
-56,746
| -45% | -$635K |
|
1829
Allegiant Air
ALGT
$2.79B
| $860K | ﹤0.01% |
17,124
-5,478
| -24% | -$307K |
|
1830
Coherus Oncology
CHRS
$224M
| $850K | ﹤0.01% |
+491,500
| New | +$989K |
|
|
OLP
1831
One Liberty Properties
OLP
$520M
| $826K | ﹤0.01% |
+35,200
| New | +$814K |
|
|
KLG
1832
DELISTED
WK Kellogg Co
KLG
| $826K | ﹤0.01% |
50,161
-184,236
| -79% | -$3.74M |
|
1833
Alto Neuroscience
ANRO
$1.09B
| $820K | ﹤0.01% |
76,672
+47,799
| +166% | +$622K |
|
|
DHC
1834
Diversified Healthcare Trust
DHC
$2.22B
| $813K | ﹤0.01% |
+266,700
| New | +$677K |
|
1835
RE/MAX Holdings
RMAX
$207M
| $804K | ﹤0.01% |
+99,200
| New | +$805K |
|
1836
Ingles Markets
IMKTA
$1.67B
| $796K | ﹤0.01% |
+11,600
| New | +$840K |
|
1837
TETRA Technologies
TTI
$1.25B
| $785K | ﹤0.01% |
226,900
-76,500
| -25% | -$305K |
|
1838
JetBlue
JBLU
$2.4B
| $780K | ﹤0.01% |
128,008
-145,634
| -53% | -$878K |
|
1839
Immersion
IMMR
$255M
| $765K | ﹤0.01% |
+81,300
| New | +$704K |
|
1840
Future Fuel
FF
$217M
| $761K | ﹤0.01% |
+148,400
| New | +$802K |
|
1841
Intrepid Potash
IPI
$453M
| $759K | ﹤0.01% |
+32,400
| New | +$745K |
|
|
BNT
1842
Brookfield Wealth Solutions
BNT
$12.3B
| $756K | ﹤0.01% |
27,269
-33,849
| -55% | -$941K |
|
|
VNET
1843
VNET Group
VNET
$2.06B
| $755K | ﹤0.01% |
360,272
| – | – |
|
1844
Ooma
OOMA
$590M
| $754K | ﹤0.01% |
75,900
| – | – |
|
1845
Rocket Pharmaceuticals
RCKT
$382M
| $748K | ﹤0.01% |
34,752
-26,099
| -43% | -$599K |
|
|
GDEN
1846
DELISTED
Golden Entertainment
GDEN
| $740K | ﹤0.01% |
+23,800
| New | +$757K |
|
1847
ICF International
ICFI
$1.54B
| $727K | ﹤0.01% |
+4,900
| New | +$708K |
|
1848
iRadimed
IRMD
$1.17B
| $725K | ﹤0.01% |
+16,500
| New | +$702K |
|
1849
Krispy Kreme
DNUT
$534M
| $720K | ﹤0.01% |
66,925
-329,827
| -83% | -$4.09M |
|
|
NOAH
1850
Noah Holdings
NOAH
$568M
| $707K | ﹤0.01% |
+73,300
| New | +$904K |
|
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.