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 | |
|---|---|---|---|---|---|---|
1851
Sphere Entertainment
SPHR
$5.77B
| $707K | ﹤0.01% |
20,162
+12,160
| +152% | +$473K |
|
1852
SiriusPoint
SPNT
$2.74B
| $687K | ﹤0.01% |
56,273
| – | – |
|
1853
IonQ
IONQ
$14.9B
| $677K | ﹤0.01% |
96,252
-2,119,048
| -96% | -$17.3M |
|
1854
BioAtla
BCAB
$5.53M
| $669K | ﹤0.01% |
9,764
| – | – |
|
1855
KRONOS Worldwide
KRO
$714M
| $666K | ﹤0.01% |
+53,100
| New | +$670K |
|
|
BRDG
1856
DELISTED
Bridge Investment Group
BRDG
| $654K | ﹤0.01% |
+88,200
| New | +$631K |
|
1857
Aurinia Pharmaceuticals
AUPH
$1.95B
| $651K | ﹤0.01% |
114,045
| – | – |
|
1858
Vanda Pharmaceuticals
VNDA
$306M
| $650K | ﹤0.01% |
115,000
| – | – |
|
1859
Preformed Line Products
PLPC
$2.3B
| $648K | ﹤0.01% |
+5,200
| New | +$664K |
|
1860
Chesapeake Utilities
CPK
$3.21B
| $646K | ﹤0.01% |
6,087
| – | – |
|
1861
Globant
GLOB
$1.66B
| $641K | ﹤0.01% |
3,596
-424,431
| -99% | -$74.8M |
|
1862
Loar Holdings
LOAR
$7.08B
| $641K | ﹤0.01% |
+12,000
| New | +$650K |
|
1863
Viavi Solutions
VIAV
$9.6B
| $615K | ﹤0.01% |
89,545
| – | – |
|
|
BOLD
1864
Boundless Bio
BOLD
$62.9M
| $608K | ﹤0.01% |
157,211
+87,211
| +125% | +$833K |
|
|
FARO
1865
DELISTED
Faro Technologies
FARO
| $605K | ﹤0.01% |
+37,800
| New | +$701K |
|
1866
Telos
TLS
$350M
| $604K | ﹤0.01% |
+150,300
| New | +$571K |
|
1867
SmartRent
SMRT
$251M
| $598K | ﹤0.01% |
250,000
| – | – |
|
1868
Universal Insurance Holdings
UVE
$1.23B
| $587K | ﹤0.01% |
31,300
-36,900
| -54% | -$717K |
|
1869
Travere Therapeutics
TVTX
$5.84B
| $584K | ﹤0.01% |
71,000
| – | – |
|
1870
Bentley Systems
BSY
$10.9B
| $560K | ﹤0.01% |
11,344
-10,659
| -48% | -$553K |
|
1871
NerdWallet
NRDS
$597M
| $548K | ﹤0.01% |
+37,500
| New | +$514K |
|
1872
Amneal Pharmaceuticals
AMRX
$5.89B
| $547K | ﹤0.01% |
+86,200
| New | +$547K |
|
|
DHIL
1873
DELISTED
Diamond Hill
DHIL
| $535K | ﹤0.01% |
+3,800
| New | +$571K |
|
1874
Enanta Pharmaceuticals
ENTA
$384M
| $528K | ﹤0.01% |
+40,700
| New | +$549K |
|
1875
Adicet Bio
ACET
$85.6M
| $520K | ﹤0.01% |
26,847
| – | – |
|
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.