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 A
GOOGL
|
+$1.03B |
| 2 |
Apple
AAPL
|
+$741M |
| 3 |
Microsoft
MSFT
|
+$710M |
| 4 |
Tesla
TSLA
|
+$495M |
| 5 |
Amgen
AMGN
|
+$474M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$915M |
| 2 |
Cigna
CI
|
+$517M |
| 3 |
UBS Group
UBS
|
+$413M |
| 4 |
Morgan Stanley
MS
|
+$300M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
401
First Horizon
FHN
$12.4B
| $145M | 0.04% |
6,328,714
+146,503
| +2% | +$3.33M |
|
402
Synchrony
SYF
$25.7B
| $145M | 0.04% |
5,139,628
+696,262
| +16% | +$22.5M |
|
403
Monolithic Power Systems
MPWR
$65.6B
| $145M | 0.04% |
397,821
-19,870
| -5% | -$8.84M |
|
404
Prudential Financial
PRU
$42.9B
| $144M | 0.04% |
1,683,412
+1,387
| +0.1% | +$134K |
|
405
Fox Class A
FOXA
$24.8B
| $144M | 0.04% |
4,686,378
| – | – |
|
|
HZNP
406
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $144M | 0.04% |
2,321,956
+137,264
| +6% | +$9.59M |
|
407
Wheaton Precious Metals
WPM
$52.4B
| $143M | 0.04% |
4,430,406
+2,423,670
| +121% | +$79.6M |
|
408
Brown & Brown
BRO
$23.8B
| $143M | 0.04% |
2,359,205
+71,950
| +3% | +$4.53M |
|
409
McCormick & Company Non-Voting
MKC
$14B
| $142M | 0.04% |
1,989,522
-75,063
| -4% | -$6.29M |
|
410
State Street
STT
$50.9B
| $141M | 0.04% |
2,313,855
+71,932
| +3% | +$4.92M |
|
411
Royalty Pharma
RPRX
$25.5B
| $141M | 0.04% |
3,497,604
+104,107
| +3% | +$4.45M |
|
412
BHP
BHP
$222B
| $141M | 0.04% |
2,808,334
| – | – |
|
413
Align Technology
ALGN
$12.4B
| $140M | 0.04% |
678,304
+2,226
| +0.3% | +$573K |
|
|
HOLX
414
DELISTED
Hologic
HOLX
| $140M | 0.04% |
2,175,394
+55,721
| +3% | +$3.86M |
|
415
Bunge Global
BG
$20.5B
| $140M | 0.04% |
1,697,659
+263,865
| +18% | +$24.6M |
|
416
Cboe Global Markets
CBOE
$30.1B
| $138M | 0.04% |
1,177,083
+178,743
| +18% | +$21.5M |
|
417
Corebridge Financial
CRBG
$14.1B
| $138M | 0.04% |
+7,000,000
| New | +$144M |
|
418
Las Vegas Sands
LVS
$29.8B
| $138M | 0.04% |
3,670,696
-441,830
| -11% | -$16.5M |
|
419
Magna International
MGA
$18.7B
| $137M | 0.04% |
2,900,295
+23,786
| +0.8% | +$1.38M |
|
420
Coupang
CPNG
$30.1B
| $137M | 0.04% |
8,209,479
+530,934
| +7% | +$9.18M |
|
421
The Mosaic Company
MOS
$7.22B
| $137M | 0.04% |
2,829,163
+189,779
| +7% | +$9.81M |
|
422
NetApp
NTAP
$37.4B
| $136M | 0.04% |
2,200,351
+34,436
| +2% | +$2.39M |
|
423
W.P. Carey
WPC
$16.5B
| $136M | 0.04% |
1,987,670
+141,456
| +8% | +$11.6M |
|
424
Lennar Class A
LEN
$21B
| $135M | 0.04% |
1,873,206
-504,151
| -21% | -$39.2M |
|
425
Wabtec
WAB
$50.5B
| $135M | 0.04% |
1,660,697
+81,894
| +5% | +$7.23M |
|
Similar funds
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.