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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
SPSC icon
876
SPS Commerce
SPSC
$2.57B
$39M 0.01%
313,856
+4,267
+1% +$517K
AAL icon
877
American Airlines Group
AAL
$10.7B
$38.9M 0.01%
3,229,051
+34,554
+1% +$482K
OUT icon
878
Outfront Media
OUT
$5.39B
$38.9M 0.01%
2,599,234
+144,009
+6% +$2.54M
FNB icon
879
FNB Corp
FNB
$6.78B
$38.8M 0.01%
3,344,622
+220,131
+7% +$2.61M
RLAY icon
880
Relay Therapeutics
RLAY
$4.28B
$38.7M 0.01%
1,730,687
+313,499
+22% +$6.88M
TDOC icon
881
Teladoc Health
TDOC
$1.22B
$38.7M 0.01%
1,525,962
+150,838
+11% +$5.29M
NOVT icon
882
Novanta
NOVT
$6B
$38.7M 0.01%
334,266
+7,072
+2% +$964K
BCPC
883
Balchem Corp
BCPC
$5.72B
$38.6M 0.01%
317,262
+625
+0.2% +$81.4K
APP icon
884
Applovin
APP
$114B
$38.3M 0.01%
1,964,980
+652,010
+50% +$19.5M
SYNH
885
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$37.9M 0.01%
802,764
+11,364
+1% +$734K
LEA icon
886
Lear
LEA
$8.06B
$37.7M 0.01%
315,102
+224,057
+246% +$31M
QDEL icon
887
QuidelOrtho
QDEL
$1.12B
$37.7M 0.01%
527,172
+18,820
+4% +$1.68M
EXPO icon
888
Exponent
EXPO
$3.2B
$37.5M 0.01%
427,222
-15,108
-3% -$1.43M
HWC icon
889
Hancock Whitney
HWC
$6.24B
$37.4M 0.01%
817,332
+20,946
+3% +$1.01M
MHK icon
890
Mohawk Industries
MHK
$9B
$37.3M 0.01%
408,930
-88,924
-18% -$10.3M
CXT icon
891
Crane NXT
CXT
$3.17B
$37.2M 0.01%
1,223,368
-96,360
-7% -$3.18M
NTLA icon
892
Intellia Therapeutics
NTLA
$1.55B
$37.1M 0.01%
662,319
+55,946
+9% +$3.47M
PATH icon
893
UiPath
PATH
$7.13B
$37M 0.01%
2,935,107
+789,088
+37% +$13.8M
NTNX icon
894
Nutanix
NTNX
$16.2B
$37M 0.01%
1,775,241
-52,012
-3% -$949K
ENSG icon
895
The Ensign Group
ENSG
$10.6B
$37M 0.01%
464,925
-4,772
-1% -$395K
ETR icon
896
Entergy
ETR
$49.7B
$36.9M 0.01%
733,582
-20,996
-3% -$1.2M
ZLAB icon
897
Zai Lab
ZLAB
$2.38B
$36.8M 0.01%
1,075,383
+441,472
+70% +$18.9M
RCM
898
DELISTED
R1 RCM Inc. Common Stock
RCM
$36.6M 0.01%
1,977,804
+200,000
+11% +$4.56M
LPX icon
899
Louisiana-Pacific
LPX
$5.24B
$36.6M 0.01%
715,534
-77,517
-10% -$4.41M
HXL icon
900
Hexcel
HXL
$7.89B
$36.6M 0.01%
706,743
+95,750
+16% +$5.57M
34 35
36
37 38

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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.