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Norges Bank

Norges Bank Portfolio holdings

AUM $935B
 

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.

This Fund
S&P 500
This Quarter Est. Return
+12.61%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$634B
AUM Growth
+$61.3B
Cap. Flow
+$6.27B
Cap. Flow %
0.99%
Top 10 Hldgs %
27.3%
Holding
1,998
New
56
Increased
971
Reduced
737
Closed
113

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$1.19B
2
FLUT icon
Flutter Entertainment
FLUT
+$879M
3
UNH icon
UnitedHealth
UNH
+$494M
4
MU icon
Micron Technology
MU
+$474M
5
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$426M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$2.41B
2
AAPL icon
Apple
AAPL
+$1.93B
3
TMUS icon
T-Mobile US
TMUS
+$825M
4
AMZN icon
Amazon
AMZN
+$690M
5
MSFT icon
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
VISN
1901
Vistance Networks Inc
VISN
$2.65B
– –
-1,197,351
Closed -$3.38M
CRGX
1902
DELISTED
CARGO Therapeutics
CRGX
– –
-48,797
Closed -$1.13M
CWAN
1903
DELISTED
Clearwater Analytics
CWAN
– –
-37,361
Closed -$748K
CWCO icon
1904
Consolidated Water Co
CWCO
$467M
– –
-55,417
Closed -$1.97M
DAKT icon
1905
Daktronics
DAKT
$955M
– –
-208,818
Closed -$1.77M
DHT icon
1906
DHT Holdings
DHT
$2.99B
– –
-306,585
Closed -$3.01M
DIN icon
1907
Dine Brands
DIN
$456M
– –
-100,071
Closed -$4.97M
DOO
1908
Bombardier Recreational Products
DOO
$4.54B
– –
-428,513
Closed -$30.7M
DXLG icon
1909
Destination XL Group
DXLG
$31.2M
– –
-32,000
Closed -$141K
EAF icon
1910
GrafTech
EAF
$175M
– –
-123,838
Closed -$2.71M
ENVX icon
1911
Enovix
ENVX
$892M
– –
-35,288
Closed -$387K
EOLS icon
1912
Evolus
EOLS
$385M
– –
-61,700
Closed -$650K
FATE icon
1913
Fate Therapeutics
FATE
$286M
– –
-42,672
Closed -$160K
PLGO
1914
Pelagos Insurance Capital
PLGO
$2.16B
– –
-197,481
Closed -$2.5M
FOUR icon
1915
Shift4
FOUR
$4.2B
– –
-362,320
Closed -$26.9M
FUTU icon
1916
Futu Holdings
FUTU
$14.7B
– –
-210,000
Closed -$11.5M
FWRD icon
1917
Forward Air
FWRD
$444M
– –
-688,425
Closed -$43.3M
GDOT icon
1918
Green Dot
GDOT
$743M
– –
-306,013
Closed -$3.03M
GIC icon
1919
Global Industrial
GIC
$1.37B
– –
-5,600
Closed -$218K
GLNG icon
1920
Golar LNG
GLNG
$5B
– –
-1,034,048
Closed -$23.8M
GPMT
1921
Granite Point Mortgage Trust
GPMT
$69M
– –
-125,400
Closed -$745K
GSHD icon
1922
Goosehead Insurance
GSHD
$2.2B
– –
-21,600
Closed -$1.64M
HG icon
1923
Hamilton Insurance Group
HG
$3.57B
– –
-33,589
Closed -$502K
HLF icon
1924
Herbalife
HLF
$1.29B
– –
-145,782
Closed -$2.22M
HROW icon
1925
Harrow
HROW
$1.45B
– –
-26,200
Closed -$293K
75 76
77
78 79

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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.