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 |
Alphabet (Google) Class A
GOOGL
|
+$1.03B |
| 2 |
Apple
AAPL
|
+$741M |
| 3 |
Microsoft
MSFT
|
+$710M |
| 4 |
Tesla
TSLA
|
+$495M |
| 5 |
Amgen
AMGN
|
+$474M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$915M |
| 2 |
Cigna
CI
|
+$517M |
| 3 |
UBS Group
UBS
|
+$413M |
| 4 |
Morgan Stanley
MS
|
+$300M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
951
Five Below
FIVE
$12.8B
| $33.1M | 0.01% |
240,276
-53,920
| -18% | -$7.08M |
|
952
Murphy USA
MUSA
$9.9B
| $33M | 0.01% |
120,144
-28,907
| -19% | -$8.08M |
|
|
X
953
DELISTED
US Steel
X
| $33M | 0.01% |
1,819,181
+1,438,828
| +378% | +$30.8M |
|
954
GXO Logistics
GXO
$5.41B
| $32.9M | 0.01% |
938,855
+72,967
| +8% | +$3.22M |
|
955
SSR Mining
SSRM
$5.87B
| $32.9M | 0.01% |
2,236,505
-43,300
| -2% | -$652K |
|
956
Cousins Properties
CUZ
$4.91B
| $32.8M | 0.01% |
1,406,372
+78,849
| +6% | +$2.23M |
|
|
TRTN
957
DELISTED
Triton International Limited
TRTN
| $32.7M | 0.01% |
596,867
| – | – |
|
958
Arvinas
ARVN
$560M
| $32.6M | 0.01% |
733,355
+31,600
| +5% | +$1.53M |
|
959
BorgWarner
BWA
$13.5B
| $32.6M | 0.01% |
1,179,888
-1,314,375
| -53% | -$42.4M |
|
960
Envista
NVST
$4.46B
| $32.6M | 0.01% |
993,932
-386,352
| -28% | -$14.6M |
|
|
AL
961
DELISTED
Air Lease Corp
AL
| $32.5M | 0.01% |
1,048,707
+41,659
| +4% | +$1.49M |
|
962
Tenable Holdings
TENB
$3.98B
| $32.4M | 0.01% |
930,220
-1,337
| -0.1% | -$56.1K |
|
963
Acadia Pharmaceuticals
ACAD
$4.9B
| $32.3M | 0.01% |
1,977,156
+311,893
| +19% | +$5.05M |
|
964
PBF Energy
PBF
$7.26B
| $32.3M | 0.01% |
918,334
-30,655
| -3% | -$971K |
|
965
Bankunited
BKU
$3.37B
| $32.3M | 0.01% |
944,103
+15,256
| +2% | +$571K |
|
966
OneMain Financial
OMF
$7.48B
| $32.3M | 0.01% |
1,092,574
+166,863
| +18% | +$6.14M |
|
967
Fox Factory Holding Corp
FOXF
$791M
| $32.1M | 0.01% |
406,275
+21,724
| +6% | +$2.01M |
|
968
Insperity
NSP
$1.96B
| $32.1M | 0.01% |
314,657
-2,269
| -0.7% | -$244K |
|
969
Evercore
EVR
$12B
| $32.1M | 0.01% |
390,422
+39,356
| +11% | +$3.72M |
|
970
Cleveland-Cliffs
CLF
$6.98B
| $32.1M | 0.01% |
2,383,558
-512,247
| -18% | -$8.52M |
|
971
Allison Transmission
ALSN
$9.64B
| $32M | 0.01% |
946,590
+36,279
| +4% | +$1.36M |
|
972
Viavi Solutions
VIAV
$10B
| $31.9M | 0.01% |
2,445,148
+413,177
| +20% | +$5.89M |
|
973
Leggett & Platt
LEG
$1.31B
| $31.8M | 0.01% |
956,315
+94,450
| +11% | +$3.59M |
|
974
Ultragenyx Pharmaceutical
RARE
$2.54B
| $31.7M | 0.01% |
765,120
+95,850
| +14% | +$4.93M |
|
975
Atkore
ATKR
$3.16B
| $31.7M | 0.01% |
406,979
-50,300
| -11% | -$4.35M |
|
Similar funds
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.