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 | |
|---|---|---|---|---|---|---|
1151
CarGurus
CARG
$3.27B
| $24.1M | 0.01% |
1,122,137
+14,704
| +1% | +$435K |
|
|
ENV
1152
DELISTED
ENVESTNET, INC.
ENV
| $24.1M | 0.01% |
456,162
-49,025
| -10% | -$3.35M |
|
1153
WD-40
WDFC
$3.05B
| $24M | 0.01% |
119,056
+6,244
| +6% | +$1.17M |
|
1154
Howard Hughes
HHH
$3.81B
| $24M | 0.01% |
369,526
-33,004
| -8% | -$2.71M |
|
1155
Evolent Health
EVH
$348M
| $24M | 0.01% |
780,537
-27,538
| -3% | -$802K |
|
1156
HUB Group
HUBG
$2.85B
| $23.9M | 0.01% |
674,040
-90,528
| -12% | -$3.17M |
|
|
BECN
1157
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $23.8M | 0.01% |
462,814
+26,870
| +6% | +$1.58M |
|
1158
Atlantic Union Bankshares
AUB
$6.02B
| $23.8M | 0.01% |
700,262
+6,453
| +0.9% | +$223K |
|
1159
Relay Therapeutics
RLAY
$4.1B
| $23.7M | 0.01% |
1,417,188
+479,262
| +51% | +$10.3M |
|
|
EQC
1160
DELISTED
Equity Commonwealth
EQC
| $23.7M | 0.01% |
859,468
-39,913
| -4% | -$1.08M |
|
|
GCP
1161
DELISTED
GCP Applied Technologies Inc.
GCP
| $23.5M | 0.01% |
752,413
+386,441
| +106% | +$12M |
|
1162
Pacira BioSciences
PCRX
$1.04B
| $23.5M | 0.01% |
403,102
-13,259
| -3% | -$869K |
|
1163
First Bancorp
FBP
$4.42B
| $23.5M | 0.01% |
1,818,562
-44,154
| -2% | -$604K |
|
|
LSXMA
1164
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $23.5M | 0.01% |
886,238
-119,393
| -12% | -$3.57M |
|
|
IBTX
1165
DELISTED
Independent Bank Group, Inc.
IBTX
| $23.5M | 0.01% |
345,542
-8,268
| -2% | -$577K |
|
1166
Acadia Pharmaceuticals
ACAD
$4.43B
| $23.5M | 0.01% |
1,665,263
+463,064
| +39% | +$8.64M |
|
1167
Cushman & Wakefield Ltd
CWK
$3.14B
| $23.4M | 0.01% |
1,536,248
+182,306
| +13% | +$3.21M |
|
1168
Diodes
DIOD
$3.78B
| $23.4M | 0.01% |
361,816
-132,585
| -27% | -$9.67M |
|
1169
Forward Air
FWRD
$444M
| $23.3M | 0.01% |
253,822
-20,353
| -7% | -$1.89M |
|
1170
Hertz
HTZ
$499M
| $23.2M | 0.01% |
1,466,924
-1,243,308
| -46% | -$24.5M |
|
1171
Methanex
MEOH
$4.3B
| $23.2M | 0.01% |
607,262
-30,756
| -5% | -$1.51M |
|
1172
GATX Corp
GATX
$6.35B
| $23.2M | 0.01% |
246,306
-48,297
| -16% | -$5.15M |
|
1173
Evertec
EVTC
$1.88B
| $23.2M | 0.01% |
628,280
+31,135
| +5% | +$1.19M |
|
1174
Unifirst Corp
UNF
$5.3B
| $23.2M | 0.01% |
134,569
-8,872
| -6% | -$1.48M |
|
1175
Adient
ADNT
$1.65B
| $23.1M | 0.01% |
780,916
-74,709
| -9% | -$2.51M |
|
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.