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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
+4.85%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$669B
AUM Growth
+$35.7B
Cap. Flow
+$16.5B
Cap. Flow %
2.46%
Top 10 Hldgs %
31.21%
Holding
2,011
New
126
Increased
838
Reduced
818
Closed
81

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$2.32B
2
AAPL icon
Apple
AAPL
+$2.24B
3
MSFT icon
Microsoft
MSFT
+$1.26B
4
AMZN icon
Amazon
AMZN
+$1.21B
5
XOM icon
ExxonMobil
XOM
+$882M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$1.69B
2
PANW icon
Palo Alto Networks
PANW
+$614M
3
BKNG icon
Booking.com
BKNG
+$591M
4
EQIX icon
Equinix
EQIX
+$417M
5
MU icon
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
AGNT
1951
AGNT Inc
AGNT
$669M
– –
-309,686
Closed -$3.2M
FCEL icon
1952
FuelCell Energy
FCEL
$1.72B
– –
-471
Closed -$16.8K
FDMT icon
1953
4D Molecular Therapeutics
FDMT
$538M
– –
-54,219
Closed -$1.73M
FHI icon
1954
Federated Hermes
FHI
$4.79B
– –
-210,000
Closed -$7.59M
FIP icon
1955
FTAI Infrastructure
FIP
$404M
– –
-738,100
Closed -$4.64M
GHG
1956
GreenTree Hospitality
GHG
$114M
– –
-24,769
Closed -$77K
GME icon
1957
GameStop
GME
$8.61B
– –
-251,421
Closed -$3.15M
GOOS
1958
Canada Goose Holdings
GOOS
$875M
– –
-39,579
Closed -$477K
HCSG icon
1959
Healthcare Services Group
HCSG
$1.58B
– –
-36,204
Closed -$452K
HE icon
1960
Hawaiian Electric Industries
HE
$2.17B
– –
-213,200
Closed -$2.4M
IRBT
1961
DELISTED
iRobot
IRBT
– –
-145,550
Closed -$1.28M
IREN icon
1962
Iris Energy
IREN
$14B
– –
-2,960,266
Closed -$16M
ITGR icon
1963
Integer Holdings
ITGR
$4.23B
– –
-168,811
Closed -$19.7M
IVT icon
1964
InvenTrust Properties
IVT
$2.62B
– –
-153,700
Closed -$3.95M
KIDS icon
1965
OrthoPediatrics
KIDS
$554M
– –
-36,300
Closed -$1.06M
LAZR
1966
DELISTED
Luminar Technologies
LAZR
– –
-12,258
Closed -$362K
LHX icon
1967
L3Harris
LHX
$53.1B
– –
-743,443
Closed -$158M
MURA
1968
DELISTED
Mural Oncology
MURA
– –
-161,253
Closed -$789K
NIO icon
1969
NIO
NIO
$11.7B
– –
-64,212
Closed -$289K
NX icon
1970
Quanex
NX
$960M
– –
-40,600
Closed -$1.56M
NXE icon
1971
NexGen Energy
NXE
$6.57B
– –
-144,496
Closed -$1.12M
PLL
1972
DELISTED
Piedmont Lithium
PLL
– –
-41,810
Closed -$557K
PUMP icon
1973
ProPetro Holding
PUMP
$1.37B
– –
-28,800
Closed -$233K
RPAY icon
1974
Repay Holdings
RPAY
$335M
– –
-132,600
Closed -$1.46M
RYAM icon
1975
Rayonier Advanced Materials
RYAM
$658M
– –
-61,500
Closed -$294K
77 78
79
80 81

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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.