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 C
GOOG
|
+$1.1B |
| 2 |
Apple
AAPL
|
+$1.1B |
| 3 |
Microsoft
MSFT
|
+$819M |
| 4 |
Cigna
CI
|
+$613M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$472M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$548M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$506M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$388M |
| 4 |
DRE
Duke Realty Corp.
DRE
|
+$358M |
| 5 |
IBM
IBM
|
+$211M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.98% |
| 2 | Healthcare | 15.12% |
| 3 | Financials | 15.08% |
| 4 | Consumer Discretionary | 10.12% |
| 5 | Industrials | 8.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1076
Cathay General Bancorp
CATY
$4.17B
| $30M | 0.01% |
734,688
+43,774
| +6% | +$1.9M |
|
1077
Travel + Leisure Co
TNL
$3.99B
| $29.9M | 0.01% |
822,329
+40,453
| +5% | +$1.52M |
|
1078
Intellia Therapeutics
NTLA
$1.63B
| $29.9M | 0.01% |
857,278
+194,959
| +29% | +$9.27M |
|
1079
LXP Industrial Trust
LXP
$3.59B
| $29.9M | 0.01% |
596,997
+82,821
| +16% | +$4.14M |
|
1080
Texas Capital Bancshares
TCBI
$4.22B
| $29.7M | 0.01% |
493,036
+12,042
| +3% | +$711K |
|
1081
Sensient Technologies
SXT
$5.45B
| $29.7M | 0.01% |
406,917
+20,351
| +5% | +$1.46M |
|
1082
Liberty Global Class C
LBTYK
$3.47B
| $29.6M | 0.01% |
1,523,538
+274,849
| +22% | +$5.2M |
|
1083
COPT Defense Properties
CDP
$3.95B
| $29.6M | 0.01% |
1,140,877
+55,284
| +5% | +$1.42M |
|
1084
Adient
ADNT
$1.44B
| $29.6M | 0.01% |
852,964
+42,029
| +5% | +$1.47M |
|
1085
CVB Financial
CVBF
$4.03B
| $29.6M | 0.01% |
1,148,664
-51,143
| -4% | -$1.39M |
|
1086
Zurn Elkay Water Solutions
ZWS
$7.71B
| $29.4M | 0.01% |
1,392,352
+209,449
| +18% | +$4.95M |
|
1087
Lufax Holding
LU
$1.05B
| $29.4M | 0.01% |
3,791,482
+1,559,080
| +70% | +$11.9M |
|
1088
Simpson Manufacturing
SSD
$7.1B
| $29.4M | 0.01% |
331,810
-69,026
| -17% | -$6.03M |
|
1089
Fulton Financial
FULT
$4.52B
| $29.4M | 0.01% |
1,745,640
+79,718
| +5% | +$1.4M |
|
1090
Champion Homes
SKY
$4.59B
| $29.4M | 0.01% |
570,149
+22,826
| +4% | +$1.21M |
|
1091
Lucid Motors
LCID
$1.58B
| $29.3M | 0.01% |
429,681
-12,991
| -3% | -$1.43M |
|
1092
Avient
AVNT
$3.79B
| $29.3M | 0.01% |
868,281
+133,099
| +18% | +$4.37M |
|
1093
Lazard
LAZ
$3.76B
| $29.2M | 0.01% |
841,956
-17,528
| -2% | -$623K |
|
1094
KB Home
KBH
$3.03B
| $29.1M | 0.01% |
914,935
+265,500
| +41% | +$7.91M |
|
|
PPBI
1095
DELISTED
Pacific Premier Bancorp
PPBI
| $29.1M | 0.01% |
923,056
+18,503
| +2% | +$637K |
|
1096
CRISPR Therapeutics
CRSP
$5.13B
| $29.1M | 0.01% |
715,428
+48,660
| +7% | +$2.58M |
|
1097
Western Union
WU
$2.06B
| $29M | 0.01% |
2,108,992
-203,226
| -9% | -$2.81M |
|
|
DOO
1098
Bombardier Recreational Products
DOO
$4.21B
| $29M | 0.01% |
380,176
+10,486
| +3% | +$731K |
|
1099
HUB Group
HUBG
$2.01B
| $28.9M | 0.01% |
726,758
+36,816
| +5% | +$1.44M |
|
1100
WSFS Financial
WSFS
$4.11B
| $28.9M | 0.01% |
636,863
+11,370
| +2% | +$535K |
|
Similar funds
Norges Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Norges Bank held 2,222 positions worth $415B, up 10% from $376B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Norges Bank deployed $17.2B of net new capital in Q4 2022, opening 133 new positions and adding to 1,177 existing holdings. Its largest new stake was Mobileye: 12,085,900 shares worth $424M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was T-Mobile US, an estimated $548M trimmed.
- Norges Bank's largest Q4 2022 buy was Mobileye: 12,085,900 shares worth $424M.
- Norges Bank added most to Alphabet (Google) Class C in Q4 2022, an estimated $1.1B increase.
- Norges Bank's biggest Q4 2022 reduction was T-Mobile US, cutting an estimated $548M.
- Norges Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $388M.
- Norges Bank's ten largest holdings make up 21% of its $415B portfolio in Q4 2022.
- Norges Bank opened 133 new positions and closed 92 in Q4 2022.
- Norges Bank's portfolio value rose 10% quarter-over-quarter to $415B.
Based on Norges Bank's 13F filing for Q4 2022, filed 14 Feb 2023.