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 |
Microsoft
MSFT
|
+$1.63B |
| 2 |
Apple
AAPL
|
+$1.62B |
| 3 |
Meta Platforms (Facebook)
META
|
+$1.18B |
| 4 |
Amazon
AMZN
|
+$978M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$769M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$509M |
| 2 |
Chevron
CVX
|
+$405M |
| 3 |
T-Mobile US
TMUS
|
+$339M |
| 4 |
lululemon athletica
LULU
|
+$302M |
| 5 |
ACC
American Campus Communities, Inc.
ACC
|
+$301M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.69% |
| 2 | Financials | 14.38% |
| 3 | Healthcare | 14.2% |
| 4 | Consumer Discretionary | 10.56% |
| 5 | Communication Services | 8.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Cooper Companies
COO
$14.1B
| $138M | 0.04% |
1,763,200
+45,180
| +3% | +$4M |
|
427
Skyworks Solutions
SWKS
$9.37B
| $138M | 0.04% |
1,485,424
-122,586
| -8% | -$13.2M |
|
428
TransUnion
TRU
$15.1B
| $137M | 0.04% |
1,718,054
+187,377
| +12% | +$16.1M |
|
429
MongoDB
MDB
$27.1B
| $137M | 0.04% |
529,356
-28,025
| -5% | -$8.76M |
|
430
Icon
ICLR
$12.6B
| $137M | 0.04% |
633,319
-57,188
| -8% | -$12.8M |
|
431
Xylem
XYL
$27.3B
| $135M | 0.04% |
1,729,971
+16,527
| +1% | +$1.36M |
|
432
First Horizon
FHN
$12.2B
| $135M | 0.03% |
6,182,211
+984,273
| +19% | +$22.1M |
|
433
CarMax
KMX
$8.13B
| $134M | 0.03% |
1,485,065
+313,349
| +27% | +$29.5M |
|
434
Expeditors International
EXPD
$22B
| $134M | 0.03% |
1,369,807
-2,611
| -0.2% | -$267K |
|
435
Brown & Brown
BRO
$23.6B
| $133M | 0.03% |
2,287,255
+30,330
| +1% | +$1.86M |
|
436
Packaging Corp of America
PKG
$21.9B
| $133M | 0.03% |
970,006
-23,339
| -2% | -$3.61M |
|
437
LPL Financial
LPLA
$28.3B
| $133M | 0.03% |
722,053
+3,358
| +0.5% | +$638K |
|
438
Alibaba
BABA
$293B
| $132M | 0.03% |
1,159,072
+535,472
| +86% | +$52.5M |
|
439
Tyler Technologies
TYL
$12.7B
| $132M | 0.03% |
395,963
+37,123
| +10% | +$13.6M |
|
440
Leidos
LDOS
$14.5B
| $131M | 0.03% |
1,302,219
-121,451
| -9% | -$12.6M |
|
441
SS&C Technologies
SSNC
$18.1B
| $131M | 0.03% |
2,258,345
-1,381
| -0.1% | -$88.8K |
|
442
Bio-Techne
TECH
$11.2B
| $131M | 0.03% |
1,511,332
+49,024
| +3% | +$4.59M |
|
443
Teradyne
TER
$57.6B
| $131M | 0.03% |
1,459,821
-114,346
| -7% | -$11.9M |
|
444
Martin Marietta Materials
MLM
$31.5B
| $130M | 0.03% |
435,318
-123,903
| -22% | -$42.3M |
|
445
Bunge Global
BG
$20.4B
| $130M | 0.03% |
1,433,794
-37,181
| -3% | -$4.13M |
|
446
DaVita
DVA
$15.4B
| $130M | 0.03% |
1,624,866
+352,903
| +28% | +$35.7M |
|
447
Carlyle Group
CG
$16.6B
| $130M | 0.03% |
4,100,600
+2,128,203
| +108% | +$81.6M |
|
448
Wabtec
WAB
$49.1B
| $130M | 0.03% |
1,578,803
+99,252
| +7% | +$8.85M |
|
449
Dell
DELL
$262B
| $129M | 0.03% |
2,799,130
+17,159
| +0.6% | +$810K |
|
450
VF Corp
VFC
$5.63B
| $129M | 0.03% |
2,917,136
+79,832
| +3% | +$4M |
|
Similar funds
Norges Bank's Q2 2022 Portfolio in Review
As of Q2 2022, Norges Bank held 2,232 positions worth $387B, down 16% from $459B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q2 2022 filing shows 70 new, 787 increased, 1,058 reduced and 180 closed positions. Its largest new stake was Bausch + Lomb: 3,234,219 shares worth $49.3M. The largest sale was AT&T, an estimated $509M.
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 Q2 2022 buy was Bausch + Lomb: 3,234,219 shares worth $49.3M.
- Norges Bank added most to Microsoft in Q2 2022, an estimated $1.63B increase.
- Norges Bank's biggest Q2 2022 reduction was AT&T, cutting an estimated $509M.
- Norges Bank fully exited Cerner Corp in Q2 2022, selling an estimated $279M.
- Norges Bank's ten largest holdings make up 23% of its $387B portfolio in Q2 2022.
- Norges Bank opened 70 new positions and closed 180 in Q2 2022.
- Norges Bank's portfolio value fell 16% quarter-over-quarter to $387B.
Based on Norges Bank's 13F filing for Q2 2022, filed 11 Aug 2022.