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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
BBWI icon
651
Bath & Body Works
BBWI
$4.19B
$67.5M 0.02%
2,069,511
-134,611
-6% -$4.75M
LII icon
652
Lennox International
LII
$15.4B
$66.8M 0.02%
300,108
+7,569
+3% +$1.8M
CBSH icon
653
Commerce Bancshares
CBSH
$8.58B
$66.7M 0.02%
1,225,832
+150,425
+14% +$8.58M
LAMR icon
654
Lamar Advertising Co
LAMR
$16.1B
$66.7M 0.02%
808,185
+8,583
+1% +$818K
FNF icon
655
Fidelity National Financial
FNF
$13.8B
$66.6M 0.02%
1,914,353
-976,160
-34% -$36.5M
APLS
656
DELISTED
Apellis Pharmaceuticals
APLS
$66.5M 0.02%
972,974
+27,094
+3% +$1.6M
NWSA icon
657
News Corp Class A
NWSA
$15.7B
$66.4M 0.02%
4,394,282
+475,398
+12% +$7.97M
SEE
658
DELISTED
Sealed Air
SEE
$66.1M 0.02%
1,483,995
+40,870
+3% +$2.24M
NXST icon
659
Nexstar Media Group
NXST
$5.8B
$66M 0.02%
395,448
-53,331
-12% -$9.88M
MKSI icon
660
MKS Inc
MKSI
$21.1B
$65.6M 0.02%
794,231
+131,730
+20% +$13.6M
WOOF icon
661
Petco
WOOF
$834M
$65.6M 0.02%
5,878,889
+3,473,128
+144% +$50.7M
GBT
662
DELISTED
Global Blood Therapeutics, Inc.
GBT
$65.4M 0.02%
960,504
+387,709
+68% +$21.4M
WYNN icon
663
Wynn Resorts
WYNN
$10.5B
$65.3M 0.02%
1,036,351
-213,724
-17% -$13.3M
PNFP icon
664
Pinnacle Financial Partners Inc
PNFP
$16.2B
$64.6M 0.02%
796,848
+6,057
+0.8% +$484K
FR icon
665
First Industrial Realty Trust
FR
$8.51B
$64.6M 0.02%
1,440,565
+202,832
+16% +$10.3M
IBKR icon
666
Interactive Brokers
IBKR
$40B
$64.4M 0.02%
4,028,752
+362,616
+10% +$5.59M
LBTYA icon
667
Liberty Global Class A
LBTYA
$3.61B
$64.1M 0.02%
4,108,844
-155,900
-4% -$3.14M
ARMK icon
668
Aramark
ARMK
$15B
$64M 0.02%
2,840,731
+381,529
+16% +$9.49M
AZTA icon
669
Azenta
AZTA
$1.47B
$63M 0.02%
1,470,564
+423,606
+40% +$25.3M
CHKP icon
670
Check Point Software Technologies
CHKP
$12.8B
$63M 0.02%
562,450
+24,687
+5% +$2.99M
CHDN icon
671
Churchill Downs
CHDN
$6.02B
$62.9M 0.02%
682,876
+34,428
+5% +$3.51M
BURL icon
672
Burlington
BURL
$23.2B
$62.7M 0.02%
560,610
+27,188
+5% +$3.96M
DD icon
673
DuPont de Nemours
DD
$19.9B
$62.6M 0.02%
989,935
-226,557
-19% -$16.2M
PFGC icon
674
Performance Food Group
PFGC
$17.6B
$62.5M 0.02%
1,455,331
+212,557
+17% +$10.5M
SPLK
675
DELISTED
Splunk Inc
SPLK
$62.3M 0.02%
828,535
+46,695
+6% +$4.58M
25 26
27
28 29

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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.