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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
ABG icon
851
Asbury Automotive
ABG
$3.91B
$41.3M 0.01%
273,511
+44,536
+19% +$7.59M
PLTR icon
852
Palantir
PLTR
$373B
$41.2M 0.01%
5,064,165
+318,842
+7% +$2.84M
PII icon
853
Polaris
PII
$4.02B
$41.2M 0.01%
430,372
-47,794
-10% -$5.36M
ESI icon
854
Element Solutions
ESI
$9.41B
$40.9M 0.01%
2,515,198
+194,637
+8% +$3.63M
RUN icon
855
Sunrun
RUN
$2.24B
$40.8M 0.01%
1,479,280
-120,530
-8% -$3.75M
CLVT icon
856
Clarivate
CLVT
$1.19B
$40.8M 0.01%
4,344,183
+329,397
+8% +$4.17M
COHR icon
857
Coherent
COHR
$66.1B
$40.7M 0.01%
1,167,377
+344,364
+42% +$16.5M
SGI
858
Somnigroup International
SGI
$14B
$40.7M 0.01%
1,685,296
+32,506
+2% +$842K
CHGG icon
859
Chegg
CHGG
$94.4M
$40.5M 0.01%
1,920,540
+172,337
+10% +$3.57M
KSS icon
860
Kohl's
KSS
$2.14B
$40.3M 0.01%
1,603,860
+186,184
+13% +$5.43M
CADE
861
DELISTED
Cadence Bank
CADE
$40.3M 0.01%
1,586,976
+16,859
+1% +$433K
HUN icon
862
Huntsman Corp
HUN
$1.81B
$40.3M 0.01%
1,643,161
+106,302
+7% +$2.99M
AMG icon
863
Affiliated Managers Group
AMG
$9.95B
$40.2M 0.01%
359,544
+8,128
+2% +$1.02M
ITCI
864
DELISTED
Intra-Cellular Therapies Inc.
ITCI
$40.2M 0.01%
862,933
+62,703
+8% +$3.28M
ARWR icon
865
Arrowhead Research
ARWR
$12.1B
$40.1M 0.01%
1,214,783
+41,610
+4% +$1.68M
OLED icon
866
Universal Display
OLED
$4.01B
$39.9M 0.01%
423,171
-83,585
-16% -$9.25M
CYTK icon
867
Cytokinetics
CYTK
$10.8B
$39.9M 0.01%
823,496
+70,762
+9% +$3.41M
NYT icon
868
New York Times
NYT
$10.5B
$39.9M 0.01%
1,386,106
+37,252
+3% +$1.14M
IAA
869
DELISTED
IAA, Inc. Common Stock
IAA
$39.8M 0.01%
1,248,437
+34,397
+3% +$1.22M
TREX icon
870
Trex
TREX
$4.93B
$39.4M 0.01%
896,751
-13,480
-1% -$721K
TOST icon
871
Toast
TOST
$20.1B
$39.3M 0.01%
2,349,334
+1,649,334
+236% +$28.6M
HALO icon
872
Halozyme
HALO
$10.1B
$39.1M 0.01%
988,989
-244,742
-20% -$10.8M
GRAB icon
873
Grab
GRAB
$14.9B
$39.1M 0.01%
+14,856,399
New +$45M
PCOR icon
874
Procore
PCOR
$8.33B
$39M 0.01%
788,748
+109,853
+16% +$5.91M
MLI icon
875
Mueller Industries
MLI
$15.3B
$39M 0.01%
2,625,652
+570,884
+28% +$8.88M
33 34
35
36 37

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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.