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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
CATY icon
1076
Cathay General Bancorp
CATY
$4.26B
$26.6M 0.01%
690,914
+25,955
+4% +$1.08M
SBRA icon
1077
Sabra Healthcare REIT
SBRA
$5.34B
$26.5M 0.01%
2,021,958
-535,505
-21% -$7.91M
KNSL icon
1078
Kinsale Capital Group
KNSL
$8.57B
$26.5M 0.01%
103,718
-11,589
-10% -$2.89M
APLE icon
1079
Apple Hospitality REIT
APLE
$3.77B
$26.4M 0.01%
1,879,419
-109,727
-6% -$1.74M
VRNS icon
1080
Varonis Systems
VRNS
$4.87B
$26.4M 0.01%
995,140
+21,305
+2% +$608K
FULT icon
1081
Fulton Financial
FULT
$4.67B
$26.3M 0.01%
1,665,922
+68,894
+4% +$1.11M
PBH icon
1082
Prestige Consumer Healthcare
PBH
$2.58B
$26.2M 0.01%
526,600
+76,267
+17% +$4.22M
LSPD icon
1083
Lightspeed Commerce
LSPD
$1.32B
$26.2M 0.01%
1,492,584
+348,595
+30% +$6.96M
IPGP icon
1084
IPG Photonics
IPGP
$3.69B
$26.2M 0.01%
310,710
-23,329
-7% -$2.22M
VIPS icon
1085
Vipshop
VIPS
$7.4B
$26.1M 0.01%
3,101,749
-68,090
-2% -$678K
XPEV icon
1086
XPeng
XPEV
$11.2B
$26.1M 0.01%
2,181,649
-3,730,765
-63% -$80.3M
W icon
1087
Wayfair
W
$14.3B
$26M 0.01%
798,433
+149,687
+23% +$7.91M
DY icon
1088
Dycom Industries
DY
$12B
$26M 0.01%
271,654
+29,051
+12% +$3.04M
REZI icon
1089
Resideo Technologies
REZI
$3.95B
$25.7M 0.01%
1,346,549
+20,731
+2% +$440K
CALY
1090
Callaway Golf Company
CALY
$3.1B
$25.6M 0.01%
1,331,282
+45,480
+4% +$1.01M
SFNC icon
1091
Simmons First National
SFNC
$3.4B
$25.5M 0.01%
1,170,590
+21,834
+2% +$505K
APG icon
1092
APi Group
APG
$17.8B
$25.5M 0.01%
2,877,428
+306,872
+12% +$3.27M
LIVN icon
1093
LivaNova
LIVN
$4.16B
$25.4M 0.01%
499,815
+7,938
+2% +$471K
LW icon
1094
Lamb Weston
LW
$7.16B
$25.4M 0.01%
327,845
+36,710
+13% +$2.87M
EXAS
1095
DELISTED
Exact Sciences
EXAS
$25.3M 0.01%
780,103
-728,462
-48% -$30M
VNT icon
1096
Vontier
VNT
$4.97B
$25.3M 0.01%
1,513,191
+23,957
+2% +$534K
HI
1097
DELISTED
Hillenbrand
HI
$25.3M 0.01%
688,287
+57,050
+9% +$2.4M
CDP icon
1098
COPT Defense Properties
CDP
$4.22B
$25.2M 0.01%
1,085,593
+16,347
+2% +$428K
ABM icon
1099
ABM Industries
ABM
$2.84B
$25.2M 0.01%
659,329
-4,779
-0.7% -$209K
FCFS icon
1100
FirstCash
FCFS
$8.92B
$25.1M 0.01%
342,804
-47,573
-12% -$3.55M
42 43
44
45 46

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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.