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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
TWNK
1101
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
$25.1M 0.01%
1,081,091
-385,813
-26% -$8.76M
INSM icon
1102
Insmed
INSM
$28.7B
$25.1M 0.01%
1,166,199
+48,904
+4% +$1.17M
TMHC
1103
DELISTED
Taylor Morrison
TMHC
$25.1M 0.01%
1,077,042
– –
HRI icon
1104
Herc Holdings
HRI
$5.62B
$25M 0.01%
241,034
-35,919
-13% -$3.99M
DIOD icon
1105
Diodes
DIOD
$4.54B
$24.9M 0.01%
383,955
+22,139
+6% +$1.6M
VIRT icon
1106
Virtu Financial
VIRT
$4.91B
$24.9M 0.01%
1,199,150
-45,500
-4% -$1.04M
FBP icon
1107
First Bancorp
FBP
$4.44B
$24.9M 0.01%
1,818,562
– –
AAWW
1108
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
$24.8M 0.01%
259,889
+57,304
+28% +$5.05M
RCI icon
1109
Rogers Communications
RCI
$18.7B
$24.7M 0.01%
643,176
-831,991
-56% -$36.8M
BOKF icon
1110
BOK Financial
BOKF
$8.78B
$24.7M 0.01%
278,315
+30,955
+13% +$2.68M
PACW
1111
DELISTED
PacWest Bancorp
PACW
$24.7M 0.01%
1,093,920
+33,357
+3% +$898K
ENS icon
1112
EnerSys
ENS
$6.83B
$24.7M 0.01%
424,619
+96,750
+30% +$6.16M
CWT icon
1113
California Water Service
CWT
$3.06B
$24.6M 0.01%
467,009
-8,381
-2% -$491K
MXL icon
1114
MaxLinear
MXL
$6.37B
$24.5M 0.01%
751,515
-29,360
-4% -$1.09M
RPD icon
1115
Rapid7
RPD
$694M
$24.4M 0.01%
568,781
+29,944
+6% +$1.85M
AWR icon
1116
American States Water
AWR
$3.36B
$24.3M 0.01%
312,157
-6,402
-2% -$544K
NGVT icon
1117
Ingevity
NGVT
$2.66B
$24.3M 0.01%
401,021
-7,992
-2% -$536K
WD icon
1118
Walker & Dunlop
WD
$1.52B
$24.3M 0.01%
290,379
+4,476
+2% +$457K
MTH icon
1119
Meritage Homes
MTH
$4.71B
$24.3M 0.01%
691,512
-64,860
-9% -$2.62M
WIX icon
1120
WIX.com
WIX
$2.55B
$24.3M 0.01%
310,265
-73,974
-19% -$5.1M
VRT icon
1121
Vertiv
VRT
$106B
$24.3M 0.01%
2,497,107
+579,663
+30% +$6.51M
GLNG icon
1122
Golar LNG
GLNG
$5.19B
$23.9M 0.01%
959,394
+25,020
+3% +$624K
ACIW icon
1123
ACI Worldwide
ACIW
$5.61B
$23.9M 0.01%
1,141,761
– –
CWK icon
1124
Cushman & Wakefield Ltd
CWK
$3.2B
$23.8M 0.01%
2,080,637
+544,389
+35% +$8.22M
HUBG icon
1125
HUB Group
HUBG
$2.83B
$23.8M 0.01%
689,942
+15,902
+2% +$607K
43 44
45
46 47

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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.