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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
FOX icon
551
Fox Class B
FOX
$21.9B
$88.2M 0.02%
3,094,691
+69,829
+2% +$2.19M
P
552
Everpure Inc
P
$27.8B
$88M 0.02%
3,214,324
+668,292
+26% +$18.9M
UTHR icon
553
United Therapeutics
UTHR
$22B
$87.9M 0.02%
419,827
+12,169
+3% +$2.72M
LYFT icon
554
Lyft
LYFT
$6.26B
$87.9M 0.02%
6,674,392
+3,280,014
+97% +$50.5M
TRGP icon
555
Targa Resources
TRGP
$55.8B
$87.7M 0.02%
1,453,830
-171,677
-11% -$11.3M
DELL icon
556
Dell
DELL
$299B
$87.7M 0.02%
2,566,092
-233,038
-8% -$9.81M
CZR icon
557
Caesars Entertainment
CZR
$6.13B
$87.5M 0.02%
2,713,063
+463,908
+21% +$20.2M
EMN icon
558
Eastman Chemical
EMN
$8.39B
$87.5M 0.02%
1,231,562
-74,730
-6% -$6.72M
VFC icon
559
VF Corp
VFC
$5.98B
$87.4M 0.02%
2,922,409
+5,273
+0.2% +$227K
MTN icon
560
Vail Resorts
MTN
$5.39B
$86.8M 0.02%
402,340
-68,120
-14% -$15.5M
TU icon
561
Telus
TU
$15.4B
$86.2M 0.02%
4,346,403
+226,693
+6% +$5.06M
HSIC icon
562
Henry Schein
HSIC
$10.2B
$85.7M 0.02%
1,303,076
+14,425
+1% +$1.07M
RCL icon
563
Royal Caribbean
RCL
$87.6B
$85.3M 0.02%
2,250,304
-179,933
-7% -$7.29M
OKTA icon
564
Okta
OKTA
$25.6B
$84.9M 0.02%
1,493,409
+260,712
+21% +$22.4M
HAS icon
565
Hasbro
HAS
$12.9B
$84.9M 0.02%
1,259,114
+56,343
+5% +$4.45M
SBNY
566
DELISTED
Signature Bank
SBNY
$84.8M 0.02%
561,856
-41,984
-7% -$7.63M
LHCG
567
DELISTED
LHC Group LLC
LHCG
$84.7M 0.02%
517,453
-36,104
-7% -$5.86M
AA icon
568
Alcoa
AA
$12.6B
$84.5M 0.02%
2,510,818
-1,246,245
-33% -$58.2M
NARI
569
DELISTED
Inari Medical, Inc. Common Stock
NARI
$84.3M 0.02%
1,160,815
+268,055
+30% +$20M
TTC icon
570
Toro Company
TTC
$9.42B
$84.3M 0.02%
974,870
+121,939
+14% +$10.4M
CTXS
571
DELISTED
Citrix Systems Inc
CTXS
$84.3M 0.02%
811,384
+623,428
+332% +$63.8M
BIO icon
572
Bio-Rad Laboratories Class A
BIO
$9.31B
$84.2M 0.02%
201,965
+4,222
+2% +$2.1M
RGA icon
573
Reinsurance Group of America
RGA
$15.5B
$83.8M 0.02%
666,430
+56,840
+9% +$6.99M
GTLB icon
574
GitLab
GTLB
$6.11B
$83.5M 0.02%
1,630,739
+354,598
+28% +$20.7M
MKTX icon
575
MarketAxess Holdings
MKTX
$5.72B
$83.1M 0.02%
373,471
+12,902
+4% +$3.31M
21 22
23
24 25

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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.