Norges Bank Portfolio holdings
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.63B |
| 2 |
Apple
AAPL
|
+$1.62B |
| 3 |
Meta Platforms (Facebook)
META
|
+$1.18B |
| 4 |
Amazon
AMZN
|
+$978M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$769M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$509M |
| 2 |
Chevron
CVX
|
+$405M |
| 3 |
T-Mobile US
TMUS
|
+$339M |
| 4 |
lululemon athletica
LULU
|
+$302M |
| 5 |
ACC
American Campus Communities, Inc.
ACC
|
+$301M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.69% |
| 2 | Financials | 14.38% |
| 3 | Healthcare | 14.2% |
| 4 | Consumer Discretionary | 10.56% |
| 5 | Communication Services | 8.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Capri Holdings
CPRI
$1.83B
| $55.9M | 0.01% |
1,363,331
-78,680
| -5% | -$3.66M |
|
|
MNDT
727
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $55.7M | 0.01% |
2,551,099
+372,734
| +17% | +$8.19M |
|
728
Clarivate
CLVT
$1.27B
| $55.6M | 0.01% |
4,014,786
-220,620
| -5% | -$3.3M |
|
729
Tapestry
TPR
$30.8B
| $55.6M | 0.01% |
1,823,069
-583,646
| -24% | -$19.1M |
|
730
Southwest Airlines
LUV
$22B
| $55.5M | 0.01% |
1,537,039
+315,506
| +26% | +$13.6M |
|
731
Invesco
IVZ
$13.1B
| $55.4M | 0.01% |
3,431,923
+64,357
| +2% | +$1.22M |
|
732
AGNC Investment
AGNC
$12.4B
| $55M | 0.01% |
4,968,386
-581,699
| -10% | -$6.9M |
|
733
XPO
XPO
$23.5B
| $55M | 0.01% |
1,920,939
+144,541
| +8% | +$4.6M |
|
|
SWCH
734
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $54.9M | 0.01% |
1,637,556
+1,492,986
| +1,033% | +$48.2M |
|
735
Donaldson
DCI
$10.9B
| $54.8M | 0.01% |
1,138,320
-16,737
| -1% | -$843K |
|
736
SiteOne Landscape Supply
SITE
$4.12B
| $54.5M | 0.01% |
458,300
+24,198
| +6% | +$3.25M |
|
737
Aramark
ARMK
$15B
| $54.4M | 0.01% |
2,459,202
-560,944
| -19% | -$13.9M |
|
738
Norwegian Cruise Line
NCLH
$8.51B
| $54.3M | 0.01% |
4,885,235
+1,871,808
| +62% | +$31.4M |
|
739
Halozyme
HALO
$9.79B
| $54.3M | 0.01% |
1,233,731
+48,066
| +4% | +$2.08M |
|
|
SJI
740
DELISTED
South Jersey Industries, Inc.
SJI
| $54.1M | 0.01% |
1,584,772
+562,718
| +55% | +$19.3M |
|
|
JWN
741
DELISTED
Nordstrom
JWN
| $54.1M | 0.01% |
2,559,687
+1,830,401
| +251% | +$46.8M |
|
|
UMPQ
742
DELISTED
Umpqua Holdings Corp
UMPQ
| $53.9M | 0.01% |
3,214,618
+483,103
| +18% | +$8.38M |
|
743
Popular Inc
BPOP
$11.2B
| $53.8M | 0.01% |
699,833
-124,765
| -15% | -$9.93M |
|
744
DT Midstream
DTM
$14.1B
| $53.7M | 0.01% |
1,094,794
+132,851
| +14% | +$7.25M |
|
745
Curtiss-Wright
CW
$26.7B
| $53.4M | 0.01% |
404,312
-21,686
| -5% | -$3.08M |
|
746
Envista
NVST
$4.44B
| $53.2M | 0.01% |
1,380,284
+7,156
| +0.5% | +$301K |
|
747
FTI Consulting
FCN
$4.4B
| $53.2M | 0.01% |
294,000
-8,923
| -3% | -$1.47M |
|
748
MGIC Investment
MTG
$6.16B
| $53M | 0.01% |
4,207,770
+481,473
| +13% | +$6.33M |
|
|
SF
749
Stifel
SF
$12.6B
| $53M | 0.01% |
1,419,378
+1,024
| +0.1% | +$42.5K |
|
750
Roku
ROKU
$21.5B
| $53M | 0.01% |
644,643
-174,133
| -21% | -$16.9M |
|
Similar funds
Norges Bank's Q2 2022 Portfolio in Review
As of Q2 2022, Norges Bank held 2,232 positions worth $387B, down 16% from $459B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q2 2022 filing shows 70 new, 787 increased, 1,058 reduced and 180 closed positions. Its largest new stake was Bausch + Lomb: 3,234,219 shares worth $49.3M. The largest sale was AT&T, an estimated $509M.
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 Q2 2022 buy was Bausch + Lomb: 3,234,219 shares worth $49.3M.
- Norges Bank added most to Microsoft in Q2 2022, an estimated $1.63B increase.
- Norges Bank's biggest Q2 2022 reduction was AT&T, cutting an estimated $509M.
- Norges Bank fully exited Cerner Corp in Q2 2022, selling an estimated $279M.
- Norges Bank's ten largest holdings make up 23% of its $387B portfolio in Q2 2022.
- Norges Bank opened 70 new positions and closed 180 in Q2 2022.
- Norges Bank's portfolio value fell 16% quarter-over-quarter to $387B.
Based on Norges Bank's 13F filing for Q2 2022, filed 11 Aug 2022.