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 | |
|---|---|---|---|---|---|---|
1026
Denali Therapeutics
DNLI
$3.92B
| $29M | 0.01% |
943,404
+111,595
| +13% | +$3.63M |
|
1027
Marqeta
MQ
$1.74B
| $28.9M | 0.01% |
1,016,134
+734,710
| +261% | +$24.5M |
|
1028
Champion Homes
SKY
$5.02B
| $28.9M | 0.01% |
547,323
+250,823
| +85% | +$14.6M |
|
1029
HealthEquity
HQY
$8.65B
| $28.9M | 0.01% |
430,672
+97,087
| +29% | +$6.14M |
|
1030
Ollie's Bargain Outlet
OLLI
$4.71B
| $28.9M | 0.01% |
559,974
+9,747
| +2% | +$602K |
|
1031
Haemonetics
HAE
$3.86B
| $28.9M | 0.01% |
389,910
+5,605
| +1% | +$402K |
|
1032
Radian Group
RDN
$4.82B
| $28.8M | 0.01% |
1,494,800
-1,395,522
| -48% | -$29.7M |
|
1033
Valaris
VAL
$5.35B
| $28.8M | 0.01% |
587,858
+65,328
| +13% | +$3.13M |
|
1034
First Interstate BancSystem
FIBK
$3.57B
| $28.7M | 0.01% |
711,240
+562,369
| +378% | +$22.7M |
|
|
BLDP
1035
Ballard Power Systems
BLDP
$769M
| $28.7M | 0.01% |
4,685,563
+1,794,274
| +62% | +$13.4M |
|
1036
Qfin Holdings
QFIN
$1.59B
| $28.5M | 0.01% |
2,223,449
| – | – |
|
1037
Texas Capital Bancshares
TCBI
$4.32B
| $28.4M | 0.01% |
480,994
-45,772
| -9% | -$2.71M |
|
1038
Alamos Gold
AGI
$13B
| $28.4M | 0.01% |
3,832,372
+87,507
| +2% | +$648K |
|
1039
Ameris Bancorp
ABCB
$5.92B
| $28.3M | 0.01% |
632,729
+20,476
| +3% | +$939K |
|
1040
SEI Investments
SEIC
$12.6B
| $28.2M | 0.01% |
575,922
-69,011
| -11% | -$3.77M |
|
1041
TriNet
TNET
$3.06B
| $28.2M | 0.01% |
396,381
+28,962
| +8% | +$2.36M |
|
1042
Franklin Resources
BEN
$17.3B
| $28.2M | 0.01% |
1,310,681
| – | – |
|
|
NOVA
1043
DELISTED
Sunnova Energy
NOVA
| $28.1M | 0.01% |
1,273,861
+394,688
| +45% | +$9.57M |
|
1044
TD Synnex
SNX
$20.7B
| $28.1M | 0.01% |
346,374
+27,364
| +9% | +$2.61M |
|
1045
H.B. Fuller
FUL
$3.18B
| $28.1M | 0.01% |
467,540
-304
| -0.1% | -$19.4K |
|
|
PPBI
1046
DELISTED
Pacific Premier Bancorp
PPBI
| $28M | 0.01% |
904,553
+44,219
| +5% | +$1.44M |
|
1047
OGE Energy
OGE
$9.67B
| $28M | 0.01% |
768,060
-4,905
| -0.6% | -$198K |
|
|
AEL
1048
DELISTED
American Equity Investment Life Holding Company
AEL
| $28M | 0.01% |
750,746
-11,220
| -1% | -$421K |
|
1049
Celanese
CE
$4.82B
| $28M | 0.01% |
309,778
-766,815
| -71% | -$84.2M |
|
1050
SiriusXM
SIRI
$10.1B
| $28M | 0.01% |
489,692
+189,377
| +63% | +$11.9M |
|
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.