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 | |
|---|---|---|---|---|---|---|
1126
Avis
CAR
$4.86B
| $25.4M | 0.01% |
172,367
-137,998
| -44% | -$30.3M |
|
1127
Dorman Products
DORM
$3.98B
| $25.3M | 0.01% |
231,001
-534
| -0.2% | -$52.9K |
|
1128
WIX.com
WIX
$2.3B
| $25.2M | 0.01% |
384,239
+91,017
| +31% | +$6.66M |
|
|
TMHC
1129
DELISTED
Taylor Morrison
TMHC
| $25.2M | 0.01% |
1,077,042
-83,976
| -7% | -$2.22M |
|
|
PPBI
1130
DELISTED
Pacific Premier Bancorp
PPBI
| $25.2M | 0.01% |
860,334
-4,000
| -0.5% | -$128K |
|
1131
Haemonetics
HAE
$3.89B
| $25M | 0.01% |
384,305
+2,534
| +0.7% | +$150K |
|
1132
Bank of Hawaii
BOH
$3.15B
| $25M | 0.01% |
336,417
-23,346
| -6% | -$1.8M |
|
1133
Albany International
AIN
$2.11B
| $25M | 0.01% |
317,464
-43,063
| -12% | -$3.51M |
|
|
KRTX
1134
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $25M | 0.01% |
197,673
-989
| -0.5% | -$114K |
|
1135
Coca-Cola Consolidated
COKE
$12.5B
| $25M | 0.01% |
443,150
-14,760
| -3% | -$771K |
|
1136
Herc Holdings
HRI
$5.02B
| $25M | 0.01% |
276,953
+37,325
| +16% | +$4.49M |
|
1137
Nomad Foods
NOMD
$1.66B
| $24.9M | 0.01% |
1,248,024
-8,050
| -0.6% | -$163K |
|
1138
NETSCOUT
NTCT
$2.96B
| $24.9M | 0.01% |
735,998
-62,291
| -8% | -$2.09M |
|
1139
National Health Investors
NHI
$3.72B
| $24.8M | 0.01% |
408,865
-24,193
| -6% | -$1.38M |
|
1140
WSFS Financial
WSFS
$4.12B
| $24.7M | 0.01% |
614,903
-43,814
| -7% | -$1.8M |
|
1141
Park Hotels & Resorts
PK
$3.03B
| $24.6M | 0.01% |
1,814,526
-3,317
| -0.2% | -$58.6K |
|
1142
Ameris Bancorp
ABCB
$5.85B
| $24.6M | 0.01% |
612,253
-14,758
| -2% | -$626K |
|
1143
O-I Glass
OI
$1.1B
| $24.6M | 0.01% |
1,755,735
-112,057
| -6% | -$1.61M |
|
1144
ChargePoint
CHPT
$141M
| $24.5M | 0.01% |
89,573
-360
| -0.4% | -$99.8K |
|
1145
Denali Therapeutics
DNLI
$3.65B
| $24.5M | 0.01% |
831,809
-14,254
| -2% | -$373K |
|
1146
Simmons First National
SFNC
$3.41B
| $24.4M | 0.01% |
1,148,756
+56,645
| +5% | +$1.38M |
|
1147
Commault Systems
CVLT
$4.88B
| $24.4M | 0.01% |
388,063
-4,182
| -1% | -$260K |
|
1148
Helios Technologies
HLIO
$2.57B
| $24.3M | 0.01% |
367,178
+45,201
| +14% | +$3.13M |
|
|
CVET
1149
DELISTED
Covetrus, Inc. Common Stock
CVET
| $24.3M | 0.01% |
1,169,878
-339,704
| -23% | -$6.04M |
|
1150
Qualys
QLYS
$5.1B
| $24.2M | 0.01% |
191,653
-66,079
| -26% | -$8.66M |
|
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.