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 | |
|---|---|---|---|---|---|---|
|
NIU
1876
Niu Technologies
NIU
$203M
| $119K | ﹤0.01% |
70,840
| – | – |
|
|
BLDP
1877
Ballard Power Systems
BLDP
$805M
| $108K | ﹤0.01% |
38,877
-718,838
| -95% | -$2.26M |
|
|
GHG
1878
GreenTree Hospitality
GHG
$117M
| $77K | ﹤0.01% |
24,769
-12,417
| -33% | -$39.4K |
|
|
BZUN
1879
Baozun
BZUN
$167M
| $71.1K | ﹤0.01% |
30,900
-17,800
| -37% | -$42.7K |
|
1880
Lumen
LUMN
$6.57B
| $70.5K | ﹤0.01% |
45,161
| – | – |
|
|
HUYA
1881
Huya Inc
HUYA
$563M
| $69.6K | ﹤0.01% |
15,300
| – | – |
|
|
MPT
1882
Medical Properties Trust
MPT
$2.77B
| $49.1K | ﹤0.01% |
10,447
-5,214,566
| -100% | -$20M |
|
1883
FuelCell Energy
FCEL
$1.73B
| $16.8K | ﹤0.01% |
471
-6,667
| -93% | -$246K |
|
1884
Liberty Latin America Class A
LILA
$1.64B
| $11.7K | ﹤0.01% |
2,473
| – | – |
|
1885
Brown-Forman Class A
BF.A
$13.4B
| $7.2K | ﹤0.01% |
136
| – | – |
|
1886
AdaptHealth
AHCO
$1.47B
| – | – |
-131,966
| Closed | -$962K |
|
1887
Alkami Technology
ALKT
$1.94B
| – | – |
-153,100
| Closed | -$3.71M |
|
1888
Allogene Therapeutics
ALLO
$649M
| – | – |
-270,770
| Closed | -$869K |
|
1889
Ambarella
AMBA
$3.77B
| – | – |
-383,344
| Closed | -$23.5M |
|
1890
Amylyx Pharmaceuticals
AMLX
$2.26B
| – | – |
-116,400
| Closed | -$1.71M |
|
1891
Digital Turbine
APPS
$975M
| – | – |
-506,381
| Closed | -$3.47M |
|
1892
A10 Networks
ATEN
$2.13B
| – | – |
-291,800
| Closed | -$3.84M |
|
1893
Aurora
AUR
$12.6B
| – | – |
-1,437,843
| Closed | -$6.28M |
|
1894
Atlanta Braves Holdings Series A
BATRA
$3.49B
| – | – |
-45,474
| Closed | -$1.95M |
|
1895
Atlanta Braves Holdings Series B
BATRK
$3.26B
| – | – |
-155,751
| Closed | -$6.16M |
|
1896
Brookdale Senior Living
BKD
$3.49B
| – | – |
-733,400
| Closed | -$4.27M |
|
|
BLUE
1897
DELISTED
bluebird bio
BLUE
| – | – |
-199,780
| Closed | -$5.51M |
|
1898
Calix
CALX
$2.26B
| – | – |
-606,152
| Closed | -$26.5M |
|
1899
Ciena
CIEN
$53.4B
| – | – |
-1,632,436
| Closed | -$73.5M |
|
1900
PC Connection
CNXN
$2.11B
| – | – |
-25,300
| Closed | -$1.7M |
|
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.