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 | |
|---|---|---|---|---|---|---|
801
Alkermes
ALKS
$8.22B
| $47M | 0.01% |
1,579,146
+16,036
| +1% | +$461K |
|
802
Euronet Worldwide
EEFT
$2.72B
| $46.9M | 0.01% |
466,262
+18,491
| +4% | +$2.19M |
|
803
Chemours
CC
$2.5B
| $46.9M | 0.01% |
1,464,713
-18,536
| -1% | -$682K |
|
804
Saic
SAIC
$4.95B
| $46.7M | 0.01% |
502,120
-39,480
| -7% | -$3.45M |
|
|
CYBR
805
DELISTED
CyberArk
CYBR
| $46.7M | 0.01% |
365,001
-17,430
| -5% | -$2.52M |
|
806
Emcor
EME
$35.2B
| $46.7M | 0.01% |
453,579
-62,150
| -12% | -$6.64M |
|
807
Brunswick
BC
$5.13B
| $46.5M | 0.01% |
711,708
-86,986
| -11% | -$6.4M |
|
808
Brookfield Infrastructure
BIPC
$5.2B
| $46.1M | 0.01% |
1,085,260
+57,668
| +6% | +$2.73M |
|
809
Texas Roadhouse
TXRH
$13.5B
| $46M | 0.01% |
628,375
+11,665
| +2% | +$916K |
|
810
Concentrix
CNXC
$1.5B
| $45.8M | 0.01% |
337,822
-34,709
| -9% | -$5.22M |
|
|
ITCI
811
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $45.7M | 0.01% |
800,230
+162,288
| +25% | +$9.2M |
|
812
Teladoc Health
TDOC
$1.22B
| $45.7M | 0.01% |
1,375,124
-106,241
| -7% | -$4.51M |
|
813
Woodward
WWD
$21.3B
| $45.4M | 0.01% |
491,018
-13,479
| -3% | -$1.4M |
|
|
FBC
814
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $45.4M | 0.01% |
1,279,297
+756,269
| +145% | +$28M |
|
|
TMX
815
DELISTED
Terminix Global Holdings, Inc.
TMX
| $45.3M | 0.01% |
1,114,238
-17,040
| -2% | -$739K |
|
816
Applovin
APP
$133B
| $45.2M | 0.01% |
1,312,970
+303,335
| +30% | +$12.2M |
|
817
Lyft
LYFT
$6.02B
| $45.1M | 0.01% |
3,394,378
+1,169,021
| +53% | +$27.3M |
|
|
MTOR
818
DELISTED
MERITOR, Inc.
MTOR
| $45.1M | 0.01% |
1,240,148
+552,534
| +80% | +$19.9M |
|
819
HF Sinclair
DINO
$16.3B
| $45M | 0.01% |
997,059
-419,936
| -30% | -$18.8M |
|
820
RBC Bearings
RBC
$17.4B
| $45M | 0.01% |
243,297
-6,811
| -3% | -$1.21M |
|
821
Omnicell
OMCL
$1.61B
| $45M | 0.01% |
395,215
-6,229
| -2% | -$715K |
|
822
Prosperity Bancshares
PB
$8.97B
| $45M | 0.01% |
658,420
-143,175
| -18% | -$9.83M |
|
823
Toll Brothers
TOL
$13.6B
| $44.9M | 0.01% |
1,006,875
-43,830
| -4% | -$2.05M |
|
824
Oshkosh
OSK
$8.79B
| $44.9M | 0.01% |
546,472
-93,935
| -15% | -$8.62M |
|
825
Axalta
AXTA
$7.66B
| $44.9M | 0.01% |
2,028,665
+114,152
| +6% | +$2.9M |
|
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.