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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
-3.87%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$376B
AUM Growth
-$10.7B
Cap. Flow
+$10.8B
Cap. Flow %
2.88%
Top 10 Hldgs %
23.71%
Holding
2,179
New
127
Increased
1,072
Reduced
569
Closed
90

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.03B
2
AAPL icon
Apple
AAPL
+$741M
3
MSFT icon
Microsoft
MSFT
+$710M
4
TSLA icon
Tesla
TSLA
+$495M
5
AMGN icon
Amgen
AMGN
+$474M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$915M
2
CI icon
Cigna
CI
+$517M
3
UBS icon
UBS Group
UBS
+$413M
4
MS icon
Morgan Stanley
MS
+$300M
5
AZN icon
AstraZeneca
AZN
+$279M

Sector Composition

Rank Sector Weight
1 Technology 23.58%
2 Financials 14.36%
3 Healthcare 14.17%
4 Consumer Discretionary 11.44%
5 Communication Services 8.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XYZ
251
Block Inc
XYZ
$48.9B
$286M 0.08%
5,204,971
+1,643,809
+46% +$116M
WOLF icon
252
Wolfspeed
WOLF
$1.27B
$286M 0.08%
2,766,527
-42,760
-2% -$4.09M
VICI icon
253
VICI Properties
VICI
$29.2B
$285M 0.08%
9,540,166
+95,685
+1% +$3.16M
SBAC icon
254
SBA Communications
SBAC
$19B
$284M 0.08%
998,165
+147,324
+17% +$47.8M
AON icon
255
Aon
AON
$75.9B
$283M 0.08%
1,056,530
+79,518
+8% +$22.5M
ES icon
256
Eversource Energy
ES
$27.1B
$282M 0.07%
3,614,543
-35,767
-1% -$3.15M
DFS
257
DELISTED
Discover Financial Services
DFS
$281M 0.07%
3,093,918
+89,161
+3% +$9.02M
ON icon
258
ON Semiconductor
ON
$31.3B
$278M 0.07%
4,464,060
-195,785
-4% -$12.6M
GPK icon
259
Graphic Packaging
GPK
$3.36B
$278M 0.07%
14,068,170
+471,910
+3% +$10.4M
MTB icon
260
M&T Bank
MTB
$36.2B
$277M 0.07%
1,568,323
+15,045
+1% +$2.66M
PSX icon
261
Phillips 66
PSX
$82.7B
$275M 0.07%
3,409,426
+14,269
+0.4% +$1.22M
ANET icon
262
Arista Networks
ANET
$233B
$274M 0.07%
9,723,824
+262,600
+3% +$7.57M
DXCM icon
263
DexCom
DXCM
$32.9B
$273M 0.07%
3,388,725
+71,029
+2% +$6.02M
CI icon
264
Cigna
CI
$74.5B
$269M 0.07%
970,426
-1,836,261
-65% -$517M
ROST icon
265
Ross Stores
ROST
$81.1B
$269M 0.07%
3,188,132
-491,027
-13% -$41.7M
GPN icon
266
Global Payments
GPN
$23.6B
$268M 0.07%
2,484,378
+56,242
+2% +$6.94M
IFF icon
267
International Flavors & Fragrances
IFF
$20.6B
$266M 0.07%
2,931,578
+327,189
+13% +$37.5M
CSGP icon
268
CoStar Group
CSGP
$12.2B
$265M 0.07%
3,810,317
-12,392
-0.3% -$860K
LSI
269
DELISTED
Life Storage, Inc.
LSI
$261M 0.07%
2,355,759
+506,971
+27% +$62.2M
SGEN
270
DELISTED
Seagen Inc. Common Stock
SGEN
$260M 0.07%
1,899,159
+185,520
+11% +$30.2M
HAL icon
271
Halliburton
HAL
$26.6B
$259M 0.07%
10,505,746
-366,373
-3% -$10.5M
D icon
272
Dominion Energy
D
$60.5B
$258M 0.07%
3,733,307
-20,860
-0.6% -$1.68M
PCAR icon
273
PACCAR
PCAR
$69.5B
$257M 0.07%
4,607,855
+119,658
+3% +$6.96M
IDXX icon
274
Idexx Laboratories
IDXX
$44.8B
$257M 0.07%
788,730
+13,131
+2% +$4.82M
RSG icon
275
Republic Services
RSG
$64.5B
$256M 0.07%
1,884,858
-29,598
-2% -$4.14M
9 10
11
12 13

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Norges Bank's Q3 2022 Portfolio in Review

As of Q3 2022, Norges Bank held 2,179 positions worth $376B, down 2.8% from $387B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Norges Bank's Q3 2022 filing shows 127 new, 1,072 increased, 569 reduced and 90 closed positions. Its largest new stake was Neogen: 14,429,817 shares worth $202M. The largest sale was Alphabet (Google) Class C, an estimated $915M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Financials and Healthcare.

  • Norges Bank's largest Q3 2022 buy was Neogen: 14,429,817 shares worth $202M.
  • Norges Bank added most to Alphabet (Google) Class A in Q3 2022, an estimated $1.03B increase.
  • Norges Bank's biggest Q3 2022 reduction was Alphabet (Google) Class C, cutting an estimated $915M.
  • Norges Bank fully exited SailPoint Technologies Holdings, Inc. Common Stock in Q3 2022, selling an estimated $93.7M.
  • Norges Bank's ten largest holdings make up 24% of its $376B portfolio in Q3 2022.
  • Norges Bank opened 127 new positions and closed 90 in Q3 2022.
  • Norges Bank's portfolio value fell 2.8% quarter-over-quarter to $376B.

Based on Norges Bank's 13F filing for Q3 2022, filed 14 Nov 2022.