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 | |
|---|---|---|---|---|---|---|
1851
Sphere Entertainment
SPHR
$5.29B
| $393K | ﹤0.01% |
8,002
-71,498
| -90% | -$2.87M |
|
|
DAO
1852
Youdao
DAO
$1.96B
| $388K | ﹤0.01% |
96,600
| – | – |
|
1853
ChargePoint
CHPT
$143M
| $381K | ﹤0.01% |
10,025
-197,951
| -95% | -$7.77M |
|
1854
Wolverine World Wide
WWW
$1.62B
| $372K | ﹤0.01% |
33,172
-446,787
| -93% | -$4.14M |
|
|
LAZR
1855
DELISTED
Luminar Technologies
LAZR
| $362K | ﹤0.01% |
12,258
-7,169
| -37% | -$262K |
|
|
SPWR
1856
DELISTED
SunPower Corporation Common Stock
SPWR
| $344K | ﹤0.01% |
114,538
| – | – |
|
1857
Bankunited
BKU
$3.4B
| $334K | ﹤0.01% |
11,914
-25,204
| -68% | -$705K |
|
1858
Adaptive Biotechnologies
ADPT
$3.68B
| $332K | ﹤0.01% |
103,311
-585,839
| -85% | -$2.27M |
|
1859
Praxis Precision Medicines
PRAX
$8.52B
| $305K | ﹤0.01% |
+5,000
| New | +$224K |
|
1860
Rayonier Advanced Materials
RYAM
$608M
| $294K | ﹤0.01% |
61,500
| – | – |
|
1861
Sigma Lithium
SGML
$1.17B
| $290K | ﹤0.01% |
22,389
-536,069
| -96% | -$9.57M |
|
1862
NIO
NIO
$12.1B
| $289K | ﹤0.01% |
64,212
-1,000,000
| -94% | -$6.03M |
|
1863
MaxLinear
MXL
$6.09B
| $288K | ﹤0.01% |
15,424
-42,395
| -73% | -$846K |
|
1864
Star Holdings Shares of Beneficial Interest
STHO
$112M
| $251K | ﹤0.01% |
19,431
-27,708
| -59% | -$346K |
|
1865
Copa Holdings
CPA
$5.96B
| $244K | ﹤0.01% |
2,345
| – | – |
|
1866
ProPetro Holding
PUMP
$1.37B
| $233K | ﹤0.01% |
28,800
-132,600
| -82% | -$1.03M |
|
|
JOYY
1867
JOYY Inc
JOYY
$3.73B
| $231K | ﹤0.01% |
7,501
-3,839
| -34% | -$122K |
|
1868
AMC Entertainment Holdings
AMC
$2.54B
| $222K | ﹤0.01% |
59,671
-2,000,000
| -97% | -$8.91M |
|
|
HBI
1869
DELISTED
Hanesbrands
HBI
| $214K | ﹤0.01% |
36,965
| – | – |
|
1870
Oppenheimer Holdings
OPY
$1.21B
| $204K | ﹤0.01% |
5,100
-21,000
| -80% | -$819K |
|
1871
Petco
WOOF
$831M
| $174K | ﹤0.01% |
76,242
-401,606
| -84% | -$1.02M |
|
1872
AudioCodes
AUDC
$249M
| $159K | ﹤0.01% |
12,107
| – | – |
|
1873
Atea Pharmaceuticals
AVIR
$369M
| $146K | ﹤0.01% |
36,200
| – | – |
|
|
OLPX
1874
DELISTED
Olaplex Holdings
OLPX
| $144K | ﹤0.01% |
75,131
-31,274
| -29% | -$65.2K |
|
|
SFIX
1875
Stitch Fix
SFIX
$552M
| $135K | ﹤0.01% |
51,001
| – | – |
|
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.