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 A
GOOGL
|
+$1.03B |
| 2 |
Apple
AAPL
|
+$741M |
| 3 |
Microsoft
MSFT
|
+$710M |
| 4 |
Tesla
TSLA
|
+$495M |
| 5 |
Amgen
AMGN
|
+$474M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$915M |
| 2 |
Cigna
CI
|
+$517M |
| 3 |
UBS Group
UBS
|
+$413M |
| 4 |
Morgan Stanley
MS
|
+$300M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
BECN
1126
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $23.7M | 0.01% |
433,945
-28,869
| -6% | -$1.64M |
|
1127
LXP Industrial Trust
LXP
$3.57B
| $23.5M | 0.01% |
514,176
-5,697
| -1% | -$296K |
|
1128
Medpace
MEDP
$16.3B
| $23.5M | 0.01% |
149,757
-98,080
| -40% | -$15.7M |
|
1129
Autohome
ATHM
$2.62B
| $23.5M | 0.01% |
815,849
+54,482
| +7% | +$1.9M |
|
1130
Advanced Energy
AEIS
$13B
| $23.4M | 0.01% |
302,875
+10,885
| +4% | +$934K |
|
|
SEM
1131
DELISTED
Select Medical
SEM
| $23.4M | 0.01% |
1,966,866
-81,664
| -4% | -$1.16M |
|
1132
Insight Enterprises
NSIT
$4.51B
| $23.3M | 0.01% |
282,811
-26,563
| -9% | -$2.36M |
|
1133
Avista
AVA
$3.22B
| $23.3M | 0.01% |
629,016
+20,686
| +3% | +$866K |
|
1134
Vishay Intertechnology
VSH
$5.03B
| $23.3M | 0.01% |
1,307,872
+21,973
| +2% | +$428K |
|
|
PPL
1135
PPL Corp
PPL
$26B
| $23.2M | 0.01% |
915,562
-124,530
| -12% | -$3.57M |
|
|
FTCH
1136
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $23.2M | 0.01% |
3,114,583
+193,694
| +7% | +$1.72M |
|
1137
Papa John's
PZZA
$811M
| $23.2M | 0.01% |
330,681
-28,785
| -8% | -$2.44M |
|
1138
Woodward
WWD
$21.6B
| $23.1M | 0.01% |
287,860
-203,158
| -41% | -$19.2M |
|
1139
10x Genomics
TXG
$5.79B
| $23M | 0.01% |
809,335
+87,706
| +12% | +$3.34M |
|
1140
Unifirst Corp
UNF
$5.22B
| $23M | 0.01% |
136,904
+2,335
| +2% | +$426K |
|
|
TCN
1141
DELISTED
Tricon Residential Inc.
TCN
| $23M | 0.01% |
2,665,496
+32,417
| +1% | +$342K |
|
1142
SPX Corp
SPXC
$10.7B
| $22.9M | 0.01% |
414,439
+8,608
| +2% | +$493K |
|
1143
Yelp
YELP
$1.38B
| $22.8M | 0.01% |
673,293
-2,391
| -0.4% | -$79.1K |
|
1144
Eastern Bankshares
EBC
$5.27B
| $22.8M | 0.01% |
1,160,491
-33,175
| -3% | -$663K |
|
|
DOO
1145
Bombardier Recreational Products
DOO
$4.68B
| $22.7M | 0.01% |
369,690
| – | – |
|
1146
Penske Automotive Group
PAG
$14.2B
| $22.7M | 0.01% |
230,983
+37,765
| +20% | +$4.21M |
|
1147
Lufax Holding
LU
$1.29B
| $22.7M | 0.01% |
2,232,402
+745,119
| +50% | +$12.7M |
|
|
CFLT
1148
DELISTED
Confluent
CFLT
| $22.7M | 0.01% |
+952,939
| New | +$25.7M |
|
1149
Celsius Holdings
CELH
$6.08B
| $22.6M | 0.01% |
748,116
-516,873
| -41% | -$16.2M |
|
1150
Bausch Health
BHC
$2.21B
| $22.6M | 0.01% |
3,273,583
-54,719
| -2% | -$380K |
|
Similar funds
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.