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 | |
|---|---|---|---|---|---|---|
1076
Bausch Health
BHC
$2.58B
| $27.8M | 0.01% |
3,328,302
-112
| -0% | -$1.57K |
|
|
PRFT
1077
DELISTED
Perficient Inc
PRFT
| $27.8M | 0.01% |
303,216
-133,569
| -31% | -$13.3M |
|
|
MRTX
1078
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $27.8M | 0.01% |
413,989
+18,265
| +5% | +$1.16M |
|
|
COOP
1079
DELISTED
Mr. Cooper
COOP
| $27.7M | 0.01% |
754,914
+152,452
| +25% | +$6.46M |
|
1080
Texas Capital Bancshares
TCBI
$4.3B
| $27.7M | 0.01% |
526,766
-281,654
| -35% | -$15.1M |
|
1081
Liberty Global Class C
LBTYK
$3.53B
| $27.7M | 0.01% |
1,253,478
-874,565
| -41% | -$21.3M |
|
1082
BILL Holdings
BILL
$4.49B
| $27.7M | 0.01% |
251,639
-494,716
| -66% | -$72M |
|
1083
First Hawaiian
FHB
$3.38B
| $27.6M | 0.01% |
1,214,515
-28,431
| -2% | -$713K |
|
1084
Walker & Dunlop
WD
$1.71B
| $27.5M | 0.01% |
285,903
+23,092
| +9% | +$2.55M |
|
1085
PBF Energy
PBF
$8.57B
| $27.5M | 0.01% |
948,989
-30,852
| -3% | -$965K |
|
1086
Celsius Holdings
CELH
$7.47B
| $27.5M | 0.01% |
1,264,989
+96,060
| +8% | +$1.85M |
|
1087
Meritage Homes
MTH
$4.58B
| $27.4M | 0.01% |
756,372
-157,570
| -17% | -$6.29M |
|
1088
Mueller Industries
MLI
$14.7B
| $27.4M | 0.01% |
2,054,768
-93,224
| -4% | -$1.26M |
|
1089
PTC Therapeutics
PTCT
$5.68B
| $27.3M | 0.01% |
680,928
+118,112
| +21% | +$4.14M |
|
1090
DigitalOcean
DOCN
$13.7B
| $27.3M | 0.01% |
659,172
+333,698
| +103% | +$14.9M |
|
1091
Merit Medical Systems
MMSI
$5.08B
| $27.2M | 0.01% |
500,663
+69,085
| +16% | +$4.22M |
|
1092
FirstCash
FCFS
$8.85B
| $27.1M | 0.01% |
390,377
-53,148
| -12% | -$3.83M |
|
1093
Paycom
PAYC
$7.64B
| $27.1M | 0.01% |
96,846
-304,440
| -76% | -$89.8M |
|
1094
Viavi Solutions
VIAV
$9.12B
| $26.9M | 0.01% |
2,031,971
+3,174
| +0.2% | +$45.7K |
|
1095
Peloton Interactive
PTON
$2.77B
| $26.8M | 0.01% |
2,920,529
+366,018
| +14% | +$5.87M |
|
1096
Nutanix
NTNX
$16B
| $26.7M | 0.01% |
1,827,253
-380,207
| -17% | -$7.92M |
|
1097
United Airlines
UAL
$39.4B
| $26.7M | 0.01% |
754,706
+171,331
| +29% | +$7.52M |
|
|
1098
lululemon athletica
LULU
$13.5B
| $26.7M | 0.01% |
97,997
-942,047
| -91% | -$302M |
|
|
TCN
1099
DELISTED
Tricon Residential Inc.
TCN
| $26.7M | 0.01% |
2,633,079
+218,295
| +9% | +$2.8M |
|
1100
Insight Enterprises
NSIT
$3.89B
| $26.7M | 0.01% |
309,374
-408
| -0.1% | -$39.8K |
|
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.