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 | |
|---|---|---|---|---|---|---|
1101
MaxLinear
MXL
$6.06B
| $26.5M | 0.01% |
780,875
+20,947
| +3% | +$878K |
|
1102
Hain Celestial
HAIN
$45M
| $26.5M | 0.01% |
1,116,250
+43,092
| +4% | +$1.23M |
|
1103
Prestige Consumer Healthcare
PBH
$2.38B
| $26.5M | 0.01% |
450,333
-19,552
| -4% | -$1.08M |
|
1104
Kinsale Capital Group
KNSL
$8.12B
| $26.5M | 0.01% |
115,307
-15,631
| -12% | -$3.46M |
|
1105
Avista
AVA
$3.34B
| $26.5M | 0.01% |
608,330
-69,752
| -10% | -$3M |
|
1106
California Water Service
CWT
$3.1B
| $26.4M | 0.01% |
475,390
+38,750
| +9% | +$2.09M |
|
|
SUM
1107
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $26.3M | 0.01% |
1,149,321
-68,115
| -6% | -$1.81M |
|
1108
Associated Banc-Corp
ASB
$5.83B
| $26.3M | 0.01% |
1,439,679
-83,743
| -5% | -$1.69M |
|
1109
Alamos Gold
AGI
$11.6B
| $26.3M | 0.01% |
3,744,865
| – | – |
|
|
CALY
1110
Callaway Golf Company
CALY
$3.32B
| $26.2M | 0.01% |
1,285,802
+208,668
| +19% | +$4.49M |
|
1111
Agilon Health
AGL
$1.53B
| $26.2M | 0.01% |
48,047
+9,117
| +23% | +$4.61M |
|
|
SPR
1112
DELISTED
Spirit AeroSystems
SPR
| $26.2M | 0.01% |
894,831
-76,221
| -8% | -$2.73M |
|
|
SEM
1113
DELISTED
Select Medical
SEM
| $26.1M | 0.01% |
2,048,530
-192,215
| -9% | -$2.47M |
|
1114
Cathay General Bancorp
CATY
$4.22B
| $26M | 0.01% |
664,959
-16,138
| -2% | -$659K |
|
1115
American States Water
AWR
$3.36B
| $26M | 0.01% |
318,559
+16,579
| +5% | +$1.33M |
|
|
HI
1116
DELISTED
Hillenbrand
HI
| $25.9M | 0.01% |
631,237
-106,015
| -14% | -$4.43M |
|
1117
Ingevity
NGVT
$2.51B
| $25.8M | 0.01% |
409,013
+56,702
| +16% | +$3.7M |
|
1118
Resideo Technologies
REZI
$5.19B
| $25.7M | 0.01% |
1,325,818
-164,556
| -11% | -$3.71M |
|
1119
ATI
ATI
$25.6B
| $25.7M | 0.01% |
1,131,256
-55,634
| -5% | -$1.47M |
|
1120
APi Group
APG
$17.1B
| $25.7M | 0.01% |
2,570,556
+154,951
| +6% | +$1.83M |
|
1121
Upstart Holdings
UPST
$2.63B
| $25.6M | 0.01% |
810,022
+403,605
| +99% | +$24M |
|
1122
Group 1 Automotive
GPI
$3.42B
| $25.6M | 0.01% |
150,770
-11,370
| -7% | -$1.98M |
|
1123
Comfort Systems
FIX
$60.9B
| $25.5M | 0.01% |
307,147
-36,897
| -11% | -$3.17M |
|
1124
Lightspeed Commerce
LSPD
$1.31B
| $25.5M | 0.01% |
1,143,989
+81,009
| +8% | +$1.91M |
|
|
ARNC
1125
DELISTED
Arconic Corporation
ARNC
| $25.5M | 0.01% |
908,206
-648,050
| -42% | -$17.5M |
|
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.