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 | |
|---|---|---|---|---|---|---|
1876
American Well
AMWL
$181M
| $1.86M | ﹤0.01% |
44,199
-37,470
| -46% | -$1.65M |
|
|
INST
1877
DELISTED
Instructure Holdings, Inc.
INST
| $1.83M | ﹤0.01% |
72,862
| – | – |
|
1878
DMC Global
BOOM
$128M
| $1.82M | ﹤0.01% |
102,400
-21,900
| -18% | -$396K |
|
1879
PC Connection
CNXN
$2.08B
| $1.82M | ﹤0.01% |
40,300
| – | – |
|
1880
Amylyx Pharmaceuticals
AMLX
$2.31B
| $1.81M | ﹤0.01% |
84,100
-7,800
| -8% | -$211K |
|
1881
Domo
DOMO
$174M
| $1.75M | ﹤0.01% |
+119,200
| New | +$1.76M |
|
1882
Clear Channel Outdoor Holdings
CCO
$1.23B
| $1.75M | ﹤0.01% |
1,274,400
-786,300
| -38% | -$979K |
|
1883
Orthofix Medical
OFIX
$477M
| $1.72M | ﹤0.01% |
95,500
-20,000
| -17% | -$374K |
|
|
KYNB
1884
Kyntra Bio
KYNB
$27.5M
| $1.7M | ﹤0.01% |
25,132
| – | – |
|
1885
Consensus Cloud Solutions
CCSI
$657M
| $1.69M | ﹤0.01% |
54,652
-67,300
| -55% | -$2.37M |
|
1886
NerdWallet
NRDS
$592M
| $1.68M | ﹤0.01% |
178,500
| – | – |
|
1887
ARS Pharmaceuticals
SPRY
$559M
| $1.63M | ﹤0.01% |
243,100
+89,568
| +58% | +$598K |
|
1888
Arcus Biosciences
RCUS
$3.55B
| $1.62M | ﹤0.01% |
79,824
| – | – |
|
|
GMS
1889
DELISTED
GMS Inc
GMS
| $1.6M | ﹤0.01% |
+23,100
| New | +$1.43M |
|
|
MRUS
1890
DELISTED
Merus
MRUS
| $1.59M | ﹤0.01% |
60,300
| – | – |
|
1891
Asure Software
ASUR
$240M
| $1.58M | ﹤0.01% |
+129,700
| New | +$1.73M |
|
1892
Paysafe
PSFE
$434M
| $1.55M | ﹤0.01% |
153,228
+48,293
| +46% | +$611K |
|
1893
Cinemark Holdings
CNK
$4.22B
| $1.53M | ﹤0.01% |
93,008
-834,177
| -90% | -$13.9M |
|
1894
La-Z-Boy
LZB
$1.61B
| $1.53M | ﹤0.01% |
53,507
-192,954
| -78% | -$5.39M |
|
1895
Sana Biotechnology
SANA
$904M
| $1.49M | ﹤0.01% |
249,621
| – | – |
|
1896
Liberty Latin America Class A
LILA
$1.63B
| $1.47M | ﹤0.01% |
246,678
-90,179
| -27% | -$504K |
|
1897
BioAtla
BCAB
$5.61M
| $1.46M | ﹤0.01% |
+9,764
| New | +$1.68M |
|
|
TERN
1898
DELISTED
Terns Pharmaceuticals
TERN
| $1.43M | ﹤0.01% |
+163,900
| New | +$1.91M |
|
1899
Camtek
CAMT
$6.4B
| $1.43M | ﹤0.01% |
41,481
| – | – |
|
|
HSII
1900
DELISTED
Heidrick & Struggles
HSII
| $1.42M | ﹤0.01% |
53,800
-60,000
| -53% | -$1.58M |
|
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.