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 | |
|---|---|---|---|---|---|---|
1001
MSC Industrial Direct
MSM
$6.89B
| $31.9M | 0.01% |
424,130
+796
| +0.2% | +$65.3K |
|
1002
Silgan Holdings
SLGN
$4.23B
| $31.7M | 0.01% |
767,672
-47,048
| -6% | -$2.07M |
|
1003
Insperity
NSP
$1.93B
| $31.6M | 0.01% |
316,926
-558
| -0.2% | -$55.3K |
|
|
MANT
1004
DELISTED
Mantech International Corp
MANT
| $31.6M | 0.01% |
330,964
+38,638
| +13% | +$3.45M |
|
1005
IPG Photonics
IPGP
$3.61B
| $31.4M | 0.01% |
334,039
-7,323
| -2% | -$724K |
|
|
TRTN
1006
DELISTED
Triton International Limited
TRTN
| $31.4M | 0.01% |
596,867
-33,155
| -5% | -$2.01M |
|
1007
Casella Waste Systems
CWST
$5.71B
| $31.4M | 0.01% |
432,074
+28,860
| +7% | +$2.2M |
|
1008
Intellia Therapeutics
NTLA
$1.49B
| $31.4M | 0.01% |
606,373
+105,566
| +21% | +$5.36M |
|
1009
Vipshop
VIPS
$7.37B
| $31.3M | 0.01% |
3,169,839
+140,252
| +5% | +$1.23M |
|
|
TPTX
1010
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $31.3M | 0.01% |
415,776
+46,993
| +13% | +$2.09M |
|
1011
Alarm.com
ALRM
$2.71B
| $31.2M | 0.01% |
504,504
+5,178
| +1% | +$318K |
|
|
TWNK
1012
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $31.1M | 0.01% |
1,466,904
+19,484
| +1% | +$422K |
|
|
BPMC
1013
DELISTED
Blueprint Medicines
BPMC
| $31.1M | 0.01% |
614,901
-203,556
| -25% | -$11.9M |
|
1014
Fox Factory Holding Corp
FOXF
$755M
| $31M | 0.01% |
384,551
+35,726
| +10% | +$3.01M |
|
1015
Madison Square Garden
MSGS
$9.48B
| $31M | 0.01% |
204,968
+26,540
| +15% | +$4.31M |
|
1016
Assured Guaranty
AGO
$3.66B
| $30.9M | 0.01% |
554,420
-69,473
| -11% | -$4.01M |
|
1017
Wendy's
WEN
$1.4B
| $30.9M | 0.01% |
1,635,722
-41,039
| -2% | -$778K |
|
1018
Procore
PCOR
$8.26B
| $30.8M | 0.01% |
678,895
+21,563
| +3% | +$1.06M |
|
1019
Community Bank
CBU
$3.41B
| $30.8M | 0.01% |
486,857
+24,840
| +5% | +$1.63M |
|
1020
LivaNova
LIVN
$4.4B
| $30.7M | 0.01% |
491,877
-5,475
| -1% | -$388K |
|
1021
Visteon
VC
$2.79B
| $30.7M | 0.01% |
296,008
+76,915
| +35% | +$7.94M |
|
1022
Flowserve
FLS
$9.71B
| $30.6M | 0.01% |
1,070,082
-122,735
| -10% | -$3.91M |
|
1023
Mercury Systems
MRCY
$5.83B
| $30.6M | 0.01% |
475,763
+73,835
| +18% | +$4.4M |
|
|
FOLD
1024
DELISTED
Amicus Therapeutics
FOLD
| $30.6M | 0.01% |
2,844,902
+379,744
| +15% | +$3.13M |
|
1025
Franklin Resources
BEN
$17.6B
| $30.6M | 0.01% |
1,310,681
-554,979
| -30% | -$14.2M |
|
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.