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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
BPOP icon
751
Popular Inc
BPOP
$11.3B
$51.1M 0.01%
709,358
+9,525
+1% +$741K
RHI icon
752
Robert Half
RHI
$4.15B
$51.1M 0.01%
667,714
+2,902
+0.4% +$227K
HOOD icon
753
Robinhood
HOOD
$83.4B
$51.1M 0.01%
5,056,571
+686,487
+16% +$6.6M
OPCH icon
754
Option Care Health
OPCH
$3.55B
$51M 0.01%
1,621,695
+376,514
+30% +$12M
MDU icon
755
MDU Resources
MDU
$4.18B
$50.8M 0.01%
4,888,470
+116,515
+2% +$1.29M
LTHM
756
DELISTED
Livent Corporation
LTHM
$50.8M 0.01%
1,658,581
+30,419
+2% +$853K
IRDM icon
757
Iridium Communications
IRDM
$5.13B
$50.7M 0.01%
1,142,409
+147,557
+15% +$6.4M
MORN icon
758
Morningstar
MORN
$7.48B
$50.6M 0.01%
238,450
+3,140
+1% +$747K
SF
759
Stifel
SF
$12.8B
$50.4M 0.01%
1,457,691
+38,313
+3% +$1.51M
WCC
760
WESCO International
WCC
$18.2B
$50.4M 0.01%
422,519
+51,117
+14% +$6.4M
FCN icon
761
FTI Consulting
FCN
$4.23B
$50.3M 0.01%
303,825
+9,825
+3% +$1.65M
EXLS icon
762
EXL Service
EXLS
$5.11B
$50.3M 0.01%
1,708,240
+235,125
+16% +$7.67M
ETSY icon
763
Etsy
ETSY
$8.15B
$50.2M 0.01%
501,675
-102,898
-17% -$10.5M
VMI icon
764
Valmont Industries
VMI
$9.58B
$50.2M 0.01%
186,787
+26,498
+17% +$7M
LFUS icon
765
Littelfuse
LFUS
$11.7B
$50.1M 0.01%
251,991
+20,709
+9% +$4.95M
NVT icon
766
nVent Electric
NVT
$26.2B
$49.8M 0.01%
1,574,306
-85,503
-5% -$2.86M
ROG icon
767
Rogers Corp
ROG
$2.36B
$49.7M 0.01%
205,413
-78,267
-28% -$20.3M
WH icon
768
Wyndham Hotels & Resorts
WH
$5.65B
$49.6M 0.01%
808,783
+7,643
+1% +$512K
FICO icon
769
Fair Isaac
FICO
$23.6B
$49.6M 0.01%
120,350
-74,322
-38% -$33.7M
GEN icon
770
Gen Digital
GEN
$16.7B
$49.5M 0.01%
2,459,589
+954,410
+63% +$22.1M
PPLI
771
People Inc
PPLI
$3.29B
$49.5M 0.01%
1,090,359
+281,601
+35% +$15.9M
TSN icon
772
Tyson Foods
TSN
$20.5B
$49.2M 0.01%
745,909
+65,697
+10% +$5.2M
ROKU icon
773
Roku
ROKU
$21.8B
$48.9M 0.01%
867,029
+222,386
+34% +$16.9M
XPO icon
774
XPO
XPO
$23.4B
$48.9M 0.01%
1,848,247
-72,692
-4% -$2.26M
BZ icon
775
Kanzhun
BZ
$7.23B
$48.7M 0.01%
2,886,648
+483,566
+20% +$10.9M
29 30
31
32 33

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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.