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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
ARES icon
526
Ares Management
ARES
$31.5B
$95.7M 0.03%
1,544,028
+132,500
+9% +$9.26M
STX icon
527
Seagate
STX
$190B
$94.7M 0.03%
1,778,699
+107,146
+6% +$7.74M
BALL icon
528
Ball Corp
BALL
$16.9B
$94.4M 0.03%
1,954,161
-904,957
-32% -$55.6M
NBIX icon
529
Neurocrine Biosciences
NBIX
$16.4B
$92.8M 0.02%
873,673
+18,731
+2% +$1.9M
SRPT icon
530
Sarepta Therapeutics
SRPT
$1.68B
$92.4M 0.02%
836,318
+90,186
+12% +$9.09M
WDC icon
531
Western Digital
WDC
$179B
$92.4M 0.02%
3,756,672
+46,283
+1% +$1.54M
ZEN
532
DELISTED
ZENDESK INC
ZEN
$92.3M 0.02%
1,213,053
-81,646
-6% -$6.2M
CG icon
533
Carlyle Group
CG
$17.9B
$92.3M 0.02%
3,572,186
-528,414
-13% -$17.4M
CRL icon
534
Charles River Laboratories
CRL
$12.6B
$92.3M 0.02%
468,795
-13,447
-3% -$2.9M
RGEN icon
535
Repligen
RGEN
$8.95B
$92.2M 0.02%
492,752
-23,350
-5% -$4.92M
TWLO icon
536
Twilio
TWLO
$29.3B
$91.8M 0.02%
1,327,031
+57,928
+5% +$4.63M
DOX icon
537
Amdocs
DOX
$5.87B
$91.7M 0.02%
1,154,455
+15,232
+1% +$1.29M
AAP icon
538
Advance Auto Parts
AAP
$3.59B
$91.6M 0.02%
585,974
+2,664
+0.5% +$487K
HUBB icon
539
Hubbell
HUBB
$27.1B
$91.4M 0.02%
409,724
+23,892
+6% +$5.02M
RPM icon
540
RPM International
RPM
$14.9B
$91.3M 0.02%
1,095,792
+38,561
+4% +$3.43M
MANH icon
541
Manhattan Associates
MANH
$11.2B
$91.2M 0.02%
685,333
+15,865
+2% +$2.15M
STLD icon
542
Steel Dynamics
STLD
$38.1B
$91.1M 0.02%
1,283,923
-103,828
-7% -$7.86M
SWK icon
543
Stanley Black & Decker
SWK
$15.6B
$90.6M 0.02%
1,204,340
+153,764
+15% +$14.8M
ZION icon
544
Zions Bancorporation
ZION
$10.5B
$90.5M 0.02%
1,779,662
-17,131
-1% -$937K
BJ icon
545
BJs Wholesale Club
BJ
$12.3B
$90.3M 0.02%
1,240,577
-5,712
-0.5% -$409K
RBLX icon
546
Roblox
RBLX
$25.9B
$89.6M 0.02%
+2,500,097
New +$103M
VTRS icon
547
Viatris
VTRS
$20.6B
$88.5M 0.02%
10,389,914
+713,729
+7% +$7.03M
DRI icon
548
Darden Restaurants
DRI
$23.9B
$88.5M 0.02%
700,664
+20,062
+3% +$2.51M
GNRC icon
549
Generac Holdings
GNRC
$12.8B
$88.4M 0.02%
496,336
+96,749
+24% +$22.2M
GL icon
550
Globe Life
GL
$14.3B
$88.2M 0.02%
884,764
+13,249
+2% +$1.33M
20 21
22
23 24

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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.