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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
VVV icon
601
Valvoline
VVV
$4.72B
$77.3M 0.02%
3,051,067
+840,720
+38% +$24.6M
WBS icon
602
Webster Financial
WBS
$12.8B
$77M 0.02%
1,703,788
+25,310
+2% +$1.17M
AXON
603
Axon Enterprise
AXON
$49.1B
$77M 0.02%
665,313
-11,763
-2% -$1.33M
K
604
DELISTED
Kellanova
K
$76M 0.02%
1,162,131
+83,908
+8% +$5.77M
WMS icon
605
Advanced Drainage Systems
WMS
$11.5B
$75.6M 0.02%
607,702
+41,116
+7% +$5.12M
ZS icon
606
Zscaler
ZS
$26.1B
$75.5M 0.02%
459,240
+16,162
+4% +$2.64M
AGCO icon
607
AGCO
AGCO
$7.27B
$75.2M 0.02%
782,113
+207,381
+36% +$21.6M
TW icon
608
Tradeweb Markets
TW
$21.8B
$75.1M 0.02%
1,331,598
+26,364
+2% +$1.79M
CHRW icon
609
C.H. Robinson
CHRW
$17.9B
$75.1M 0.02%
779,614
-262,676
-25% -$28.2M
HR icon
610
Healthcare Realty
HR
$7.07B
$74.6M 0.02%
3,579,762
-451,392
-11% -$11.5M
LNC icon
611
Lincoln National
LNC
$8.98B
$74.5M 0.02%
1,697,078
+38,029
+2% +$1.83M
TAP icon
612
Molson Coors Class B
TAP
$7.85B
$74.5M 0.02%
1,551,981
-77,727
-5% -$4.22M
KNX icon
613
Knight Transportation
KNX
$11.5B
$74.3M 0.02%
1,518,080
+287,697
+23% +$14.7M
CHX
614
DELISTED
ChampionX
CHX
$74.3M 0.02%
3,794,086
-1,289,222
-25% -$26.6M
LNW
615
DELISTED
Light & Wonder
LNW
$74.2M 0.02%
1,730,509
+251,200
+17% +$12.4M
OTEX icon
616
Open Text
OTEX
$6.22B
$73.9M 0.02%
2,799,289
+90,817
+3% +$3.21M
LSCC icon
617
Lattice Semiconductor
LSCC
$18.2B
$73.7M 0.02%
1,498,143
+115,098
+8% +$6.37M
RRX icon
618
Regal Rexnord
RRX
$12.2B
$73.2M 0.02%
521,326
-115,423
-18% -$15.5M
OLPX
619
DELISTED
Olaplex Holdings
OLPX
$72.9M 0.02%
7,630,808
+1,161,225
+18% +$16.7M
GLOB icon
620
Globant
GLOB
$1.66B
$72.8M 0.02%
389,318
+6,298
+2% +$1.3M
WSM icon
621
Williams-Sonoma
WSM
$29.2B
$72.7M 0.02%
1,233,550
-57,432
-4% -$4.08M
CHNG
622
DELISTED
Change Healthcare Inc. Common Stock
CHNG
$72.7M 0.02%
2,642,953
-731,212
-22% -$18.1M
LSXMK
623
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$72.5M 0.02%
2,483,458
-187,980
-7% -$5.85M
RBA icon
624
RB Global
RBA
$17.8B
$72.5M 0.02%
1,162,153
+40,677
+4% +$2.77M
NVCR icon
625
NovoCure
NVCR
$1.87B
$72.5M 0.02%
953,563
+34,133
+4% +$2.66M
23 24
25
26 27

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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.