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 | |
|---|---|---|---|---|---|---|
|
HSII
1926
DELISTED
Heidrick & Struggles
HSII
| – | – |
-45,800
| Closed | -$1.35M |
|
1927
IAMGOLD
IAG
$8.55B
| – | – |
-3,422,000
| Closed | -$8.64M |
|
|
IAS
1928
DELISTED
Integral Ad Science
IAS
| – | – |
-200,000
| Closed | -$2.88M |
|
1929
Ingles Markets
IMKTA
$1.74B
| – | – |
-14,600
| Closed | -$1.26M |
|
1930
Inogen
INGN
$187M
| – | – |
-109,949
| Closed | -$604K |
|
1931
International Seaways
INSW
$4.58B
| – | – |
-89,017
| Closed | -$4.05M |
|
1932
Intapp
INTA
$2.53B
| – | – |
-36,800
| Closed | -$1.4M |
|
1933
Invesco Mortgage Capital
IVR
$758M
| – | – |
-114,100
| Closed | -$1.01M |
|
1934
John B. Sanfilippo & Son
JBSS
$986M
| – | – |
-43,400
| Closed | -$4.47M |
|
1935
Kornit Digital
KRNT
$787M
| – | – |
-45,996
| Closed | -$881K |
|
1936
Keros Therapeutics
KROS
$203M
| – | – |
-35,700
| Closed | -$1.42M |
|
|
LAC
1937
Lithium Americas
LAC
$1.08B
| – | – |
-672,450
| Closed | -$4.31M |
|
1938
Limbach Holdings
LMB
$919M
| – | – |
-26,511
| Closed | -$1.21M |
|
1939
Dorian LPG
LPG
$1.86B
| – | – |
-95,170
| Closed | -$4.18M |
|
1940
Medifast
MED
$145M
| – | – |
-71,060
| Closed | -$4.78M |
|
1941
Mercury Systems
MRCY
$6.77B
| – | – |
-363,518
| Closed | -$13.3M |
|
|
MRUS
1942
DELISTED
Merus
MRUS
| – | – |
-60,300
| Closed | -$1.66M |
|
1943
Maravai LifeSciences
MRVI
$948M
| – | – |
-299,380
| Closed | -$1.96M |
|
1944
Magnachip Semiconductor
MX
$134M
| – | – |
-226,700
| Closed | -$1.7M |
|
1945
NovoCure
NVCR
$1.89B
| – | – |
-974,050
| Closed | -$14.5M |
|
1946
Omnicell
OMCL
$1.69B
| – | – |
-499,644
| Closed | -$18.8M |
|
1947
Perion Network
PERI
$386M
| – | – |
-25,058
| Closed | -$793K |
|
1948
Playtika
PLTK
$1.54B
| – | – |
-600,685
| Closed | -$5.24M |
|
1949
Powell Industries
POWL
$7.7B
| – | – |
-130,656
| Closed | -$3.85M |
|
|
PRA
1950
DELISTED
ProAssurance
PRA
| – | – |
-25,643
| Closed | -$354K |
|
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.