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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
G icon
626
Genpact
G
$6.07B
$72.4M 0.02%
1,653,996
+51,475
+3% +$2.37M
WAL icon
627
Western Alliance Bancorporation
WAL
$9.05B
$72M 0.02%
1,095,044
+21,589
+2% +$1.64M
IRTC icon
628
iRhythm Holdings
IRTC
$4.09B
$71.9M 0.02%
574,146
-103,795
-15% -$15M
SJI
629
DELISTED
South Jersey Industries, Inc.
SJI
$71.9M 0.02%
2,150,029
+565,257
+36% +$19.3M
CCK icon
630
Crown Holdings
CCK
$13.3B
$71.8M 0.02%
886,665
-224,604
-20% -$20.9M
QSR icon
631
Restaurant Brands International
QSR
$25.8B
$71.6M 0.02%
1,347,629
+116,069
+9% +$6.56M
NNN icon
632
NNN REIT
NNN
$9.01B
$71.4M 0.02%
1,791,513
+124,652
+7% +$5.63M
CFR icon
633
Cullen/Frost Bankers
CFR
$10.3B
$71.1M 0.02%
537,894
-59,874
-10% -$7.85M
AIRC
634
DELISTED
Apartment Income REIT Corp.
AIRC
$70.9M 0.02%
1,836,365
+341,600
+23% +$14.5M
CDW icon
635
CDW
CDW
$17.9B
$70.7M 0.02%
453,054
-989,145
-69% -$170M
XRAY icon
636
Dentsply Sirona
XRAY
$2.86B
$70.6M 0.02%
2,488,731
+416,444
+20% +$14.2M
CGNX icon
637
Cognex
CGNX
$11.8B
$70.4M 0.02%
1,699,461
+196,815
+13% +$8.91M
JLL icon
638
Jones Lang LaSalle
JLL
$17.2B
$70.2M 0.02%
464,885
– –
HTHT icon
639
Huazhu Hotels Group
HTHT
$13B
$70.1M 0.02%
2,090,593
+123,095
+6% +$4.65M
SCI icon
640
Service Corp International
SCI
$11.6B
$69.7M 0.02%
1,207,664
-76,486
-6% -$5.04M
FBIN icon
641
Fortune Brands Innovations
FBIN
$6.24B
$69.3M 0.02%
1,509,657
+179,605
+14% +$9.75M
CASY icon
642
Casey's General Stores
CASY
$31.6B
$69.2M 0.02%
341,586
+11,411
+3% +$2.36M
RS icon
643
Reliance Steel & Aluminium
RS
$21.5B
$69.2M 0.02%
396,486
-159,874
-29% -$29.4M
LAD icon
644
Lithia Motors
LAD
$8.1B
$68.9M 0.02%
321,291
+18,236
+6% +$4.76M
NLY icon
645
Annaly Capital Management
NLY
$17.1B
$68.7M 0.02%
4,002,476
+267,461
+7% +$6.74M
EXPE icon
646
Expedia Group
EXPE
$38.4B
$68.6M 0.02%
732,564
+83,507
+13% +$8.52M
PCG icon
647
PG&E
PCG
$37.9B
$68.5M 0.02%
5,483,663
-841,845
-13% -$9.86M
THC icon
648
Tenet Healthcare
THC
$21.1B
$68.1M 0.02%
1,319,693
+17,201
+1% +$1.02M
COIN icon
649
Coinbase
COIN
$39.5B
$67.7M 0.02%
+1,050,251
New +$73.3M
SON icon
650
Sonoco
SON
$5.78B
$67.7M 0.02%
1,192,628
+289,674
+32% +$17.8M
24 25
26
27 28

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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.