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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
AM icon
1001
Antero Midstream
AM
$10.2B
$30.4M 0.01%
3,307,546
+142,334
+4% +$1.4M
ATI icon
1002
ATI
ATI
$30.5B
$30.3M 0.01%
1,138,523
+7,267
+0.6% +$202K
SMPL icon
1003
Simply Good Foods
SMPL
$988M
$30.2M 0.01%
945,403
+92,031
+11% +$3.02M
MMS icon
1004
Maximus
MMS
$3.06B
$30.2M 0.01%
522,023
-39,524
-7% -$2.46M
BHF icon
1005
Brighthouse Financial
BHF
$3.57B
$30.2M 0.01%
695,265
+13,041
+2% +$594K
CIGI icon
1006
Colliers International
CIGI
$5.05B
$30.2M 0.01%
329,389
+3,073
+0.9% +$358K
UCB
1007
United Community Banks
UCB
$4.28B
$30.1M 0.01%
908,847
-38,814
-4% -$1.29M
SLGN icon
1008
Silgan Holdings
SLGN
$4.39B
$30.1M 0.01%
714,944
-52,728
-7% -$2.32M
ONTO icon
1009
Onto Innovation
ONTO
$13.4B
$30.1M 0.01%
469,208
+278,921
+147% +$20.5M
MTZ icon
1010
MasTec
MTZ
$20.8B
$29.9M 0.01%
470,401
-6,200
-1% -$480K
ASB icon
1011
Associated Banc-Corp
ASB
$5.88B
$29.8M 0.01%
1,486,489
+46,810
+3% +$941K
DOC
1012
DELISTED
PHYSICIANS REALTY TRUST
DOC
$29.8M 0.01%
1,981,732
-123,500
-6% -$2.08M
NJR icon
1013
New Jersey Resources
NJR
$5.53B
$29.6M 0.01%
764,338
-60,060
-7% -$2.68M
DK icon
1014
Delek US
DK
$3.6B
$29.6M 0.01%
1,089,070
+352,666
+48% +$9.31M
ALK icon
1015
Alaska Air
ALK
$5.66B
$29.5M 0.01%
754,324
+10,679
+1% +$469K
AQUA
1016
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$29.4M 0.01%
888,474
-205,005
-19% -$7.44M
MMSI icon
1017
Merit Medical Systems
MMSI
$5.24B
$29.3M 0.01%
518,026
+17,363
+3% +$1M
RITM icon
1018
Rithm Capital
RITM
$5.55B
$29.2M 0.01%
3,992,633
+43,018
+1% +$409K
TNDM icon
1019
Tandem Diabetes Care
TNDM
$1.29B
$29.1M 0.01%
608,294
-11,306
-2% -$620K
AGL icon
1020
Agilon Health
AGL
$1.45B
$29.1M 0.01%
49,649
+1,602
+3% +$959K
WSFS icon
1021
WSFS Financial
WSFS
$4.2B
$29.1M 0.01%
625,493
+10,590
+2% +$495K
NWE icon
1022
NorthWestern Energy
NWE
$4.32B
$29.1M 0.01%
589,515
+18,292
+3% +$1M
POWI icon
1023
Power Integrations
POWI
$3.29B
$29M 0.01%
451,058
-20,204
-4% -$1.51M
EVH icon
1024
Evolent Health
EVH
$404M
$29M 0.01%
806,959
+26,422
+3% +$931K
ZWS icon
1025
Zurn Elkay Water Solutions
ZWS
$8.6B
$29M 0.01%
1,182,903
-144,624
-11% -$4.12M
39 40
41
42 43

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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.