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 | |
|---|---|---|---|---|---|---|
1151
Adient
ADNT
$1.48B
| $22.5M | 0.01% |
810,935
+30,019
| +4% | +$974K |
|
1152
Glaukos
GKOS
$10.1B
| $22.5M | 0.01% |
422,661
+12,406
| +3% | +$640K |
|
1153
NETSCOUT
NTCT
$2.92B
| $22.4M | 0.01% |
716,787
-19,211
| -3% | -$629K |
|
|
PDCO
1154
DELISTED
Patterson Companies, Inc.
PDCO
| $22.4M | 0.01% |
930,812
+246,298
| +36% | +$7.05M |
|
1155
Beam Therapeutics
BEAM
$2.81B
| $22.3M | 0.01% |
469,008
+19,119
| +4% | +$1.09M |
|
1156
Hawaiian Electric Industries
HE
$2.16B
| $22.3M | 0.01% |
644,544
-87,794
| -12% | -$3.53M |
|
1157
Plexus
PLXS
$7.18B
| $22.3M | 0.01% |
255,007
| – | – |
|
1158
Avient
AVNT
$3.91B
| $22.3M | 0.01% |
735,182
-2,635
| -0.4% | -$109K |
|
|
EQC
1159
DELISTED
Equity Commonwealth
EQC
| $22.3M | 0.01% |
914,310
+54,842
| +6% | +$1.47M |
|
|
AY
1160
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $22.3M | 0.01% |
846,753
+420,820
| +99% | +$13.9M |
|
1161
Dorman Products
DORM
$4.08B
| $22.3M | 0.01% |
271,001
+40,000
| +17% | +$3.94M |
|
1162
Broadstone Net Lease
BNL
$4.06B
| $22.2M | 0.01% |
1,431,375
+21,787
| +2% | +$442K |
|
1163
International Bancshares
IBOC
$4.67B
| $22.1M | 0.01% |
520,731
+22,163
| +4% | +$945K |
|
1164
New Fortress Energy
NFE
$98M
| $21.8M | 0.01% |
498,359
+228,964
| +85% | +$11.5M |
|
1165
WD-40
WDFC
$3.1B
| $21.8M | 0.01% |
123,917
+4,861
| +4% | +$908K |
|
1166
DigitalBridge
DBRG
$2.95B
| $21.7M | 0.01% |
1,736,652
+301,204
| +21% | +$5.8M |
|
1167
Trupanion
TRUP
$1.23B
| $21.6M | 0.01% |
362,801
| – | – |
|
1168
Cogent Communications
CCOI
$546M
| $21.6M | 0.01% |
413,158
+49,000
| +13% | +$2.82M |
|
|
ODP
1169
DELISTED
ODP
ODP
| $21.5M | 0.01% |
610,659
-23,350
| -4% | -$830K |
|
1170
TechnipFMC
FTI
$27.3B
| $21.5M | 0.01% |
2,536,317
+1,450,559
| +134% | +$11.4M |
|
1171
CBIZ
CBZ
$2.96B
| $21.4M | 0.01% |
501,389
+11,200
| +2% | +$490K |
|
1172
Pacira BioSciences
PCRX
$1.02B
| $21.4M | 0.01% |
402,833
-269
| -0.1% | -$15K |
|
1173
Paycom
PAYC
$10.1B
| $21.3M | 0.01% |
64,415
-32,431
| -33% | -$11.2M |
|
|
IBTX
1174
DELISTED
Independent Bank Group, Inc.
IBTX
| $21.2M | 0.01% |
345,542
| – | – |
|
|
LSXMA
1175
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $21.1M | 0.01% |
754,582
-131,656
| -15% | -$3.9M |
|
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.