The composition of Norges Bank Investment Mangement’s (NBIM) portfolio. NBIM is Norway’s sovereign wealth fund, and is largest of its kind with nearly $1.4 trillion in assets.
The fixed income component of NBIM’s portfolio represents $374B, or 27.1% of the overall fund. Of this amount, $103B (28%) is invested in U.S. Treasuries.
NBIM’s top 5 equity holdings are all U.S. tech companies, which when combined, represent 11% of the overall equity component.
NBIM recorded a record profit of $213 billion in 2023, largely thanks to its exposure to tech stocks.
Asset Class | Value (USD billions) | Percentage of portfolio (%) |
---|---|---|
Fixed Income | 374 | 27.1 |
Equities | 973 | 70.5 |
Real Estate | 30 | 2.2 |
Infrastructure | 3 | 0.2 |
Top 5 from each asset class | ||
Fixed Income | Value (USD billions) | |
U.S. Treasuries | 103 | |
Japanese Treasuries | 33 | |
German Treasuries | 17 | |
UK Treasuries | 12 | |
French Treasuries | 11 | |
Equities | Value (USD billions) | |
Apple | 33 | |
Microsoft | 31 | |
Alphabet | 16 | |
Amazon | 14 | |
NVIDIA | 12 |
Infrastructure holdings as of Sept 2023. Fixed income and equity holdings as of June 2023. Real estate holdings as of Dec 2022.
https://globalswf.com/reports/2024annualhttps://www.cnbc.com/2024/01/30/worlds-largest-sovereign-wealth-fund-posts-record-213-billion-profit.html