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 | |
|---|---|---|---|---|---|---|
1851
Forrester Research
FORR
$189M
| $2.42M | ﹤0.01% |
83,200
| – | – |
|
1852
Appian
APPN
$1.94B
| $2.41M | ﹤0.01% |
50,578
-229,138
| -82% | -$9.66M |
|
1853
LivePerson
LPSN
$22M
| $2.34M | ﹤0.01% |
34,456
+20,760
| +152% | +$1.35M |
|
1854
Haverty Furniture Companies
HVT
$403M
| $2.33M | ﹤0.01% |
77,000
-48,900
| -39% | -$1.4M |
|
|
TARO
1855
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $2.31M | ﹤0.01% |
60,790
| – | – |
|
1856
Perion Network
PERI
$377M
| $2.3M | ﹤0.01% |
73,714
+28,476
| +63% | +$978K |
|
|
TGI
1857
DELISTED
Triumph Group
TGI
| $2.28M | ﹤0.01% |
184,700
-15,500
| -8% | -$177K |
|
|
ACCD
1858
DELISTED
Accolade Inc
ACCD
| $2.25M | ﹤0.01% |
167,237
-32,337
| -16% | -$420K |
|
1859
ADT
ADT
$5.51B
| $2.24M | ﹤0.01% |
371,834
-1,535,773
| -81% | -$9.62M |
|
1860
Unitil
UTL
$980M
| $2.24M | ﹤0.01% |
44,200
+14,300
| +48% | +$793K |
|
1861
Kulicke & Soffa
KLIC
$4.62B
| $2.23M | ﹤0.01% |
37,451
-28,400
| -43% | -$1.47M |
|
1862
Dyne Therapeutics
DYN
$4.8B
| $2.2M | ﹤0.01% |
195,600
-168,000
| -46% | -$1.98M |
|
1863
Editas Medicine
EDIT
$413M
| $2.2M | ﹤0.01% |
266,799
| – | – |
|
1864
StepStone Group
STEP
$3.59B
| $2.18M | ﹤0.01% |
87,741
| – | – |
|
1865
Krystal Biotech
KRYS
$10.8B
| $2.13M | ﹤0.01% |
18,136
-29,965
| -62% | -$3.06M |
|
1866
Quanex
NX
$818M
| $2.09M | ﹤0.01% |
77,991
-55,100
| -41% | -$1.23M |
|
1867
Build-A-Bear
BBW
$442M
| $2.08M | ﹤0.01% |
+97,200
| New | +$2.13M |
|
1868
Star Holdings Shares of Beneficial Interest
STHO
$113M
| $2.05M | ﹤0.01% |
139,405
| – | – |
|
|
DAWN
1869
DELISTED
Day One Biopharmaceuticals
DAWN
| $2.02M | ﹤0.01% |
169,000
| – | – |
|
1870
Jakks Pacific
JAKK
$302M
| $1.97M | ﹤0.01% |
+98,709
| New | +$2.14M |
|
|
CSW
1871
CSW Industrials
CSW
$5.11B
| $1.96M | ﹤0.01% |
+11,800
| New | +$1.7M |
|
1872
ASML
ASML
$634B
| $1.93M | ﹤0.01% |
2,659
| – | – |
|
1873
Federated Hermes
FHI
$4.51B
| $1.93M | ﹤0.01% |
53,734
-67,266
| -56% | -$2.6M |
|
|
CANO
1874
DELISTED
Cano Health, Inc.
CANO
| $1.89M | ﹤0.01% |
13,617
-240
| -2% | -$30.8K |
|
1875
Atlanta Braves Holdings Series A
BATRA
$3.49B
| $1.86M | ﹤0.01% |
45,474
| – | – |
|
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.