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 C
GOOG
|
+$1.1B |
| 2 |
Apple
AAPL
|
+$1.1B |
| 3 |
Microsoft
MSFT
|
+$819M |
| 4 |
Cigna
CI
|
+$613M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$472M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$548M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$506M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$388M |
| 4 |
DRE
Duke Realty Corp.
DRE
|
+$358M |
| 5 |
IBM
IBM
|
+$211M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.98% |
| 2 | Healthcare | 15.12% |
| 3 | Financials | 15.08% |
| 4 | Consumer Discretionary | 10.12% |
| 5 | Industrials | 8.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1151
Penske Automotive Group
PAG
$14.2B
| $25.2M | 0.01% |
218,941
-12,042
| -5% | -$1.37M |
|
1152
Vistra
VST
$47.5B
| $25.1M | 0.01% |
1,079,881
+401,069
| +59% | +$9.28M |
|
1153
International Bancshares
IBOC
$4.45B
| $25M | 0.01% |
547,159
+26,428
| +5% | +$1.27M |
|
1154
Flowserve
FLS
$9.03B
| $25M | 0.01% |
815,350
-24,625
| -3% | -$718K |
|
|
ENV
1155
DELISTED
ENVESTNET, INC.
ENV
| $24.8M | 0.01% |
401,574
-62,155
| -13% | -$3.31M |
|
1156
Alarm.com
ALRM
$2.71B
| $24.7M | 0.01% |
499,641
+24,415
| +5% | +$1.35M |
|
1157
ChargePoint
CHPT
$237M
| $24.7M | 0.01% |
129,638
+7,410
| +6% | +$1.8M |
|
1158
GATX Corp
GATX
$6.3B
| $24.7M | 0.01% |
232,243
+19,881
| +9% | +$2.07M |
|
1159
Saia
SAIA
$9.41B
| $24.6M | 0.01% |
117,410
+12,324
| +12% | +$2.68M |
|
1160
PTC Therapeutics
PTCT
$5.48B
| $24.6M | 0.01% |
644,157
-47,917
| -7% | -$1.99M |
|
|
PINC
1161
DELISTED
Premier
PINC
| $24.4M | 0.01% |
698,077
+355,972
| +104% | +$11.9M |
|
1162
SL Green Realty
SLG
$3.67B
| $24.4M | 0.01% |
724,108
+372,142
| +106% | +$14.1M |
|
1163
Commault Systems
CVLT
$5.94B
| $24.4M | 0.01% |
388,063
| – | – |
|
1164
MaxLinear
MXL
$6.09B
| $24.4M | 0.01% |
717,860
-33,655
| -4% | -$1.14M |
|
1165
First Bancorp
FBP
$4.29B
| $24.2M | 0.01% |
1,904,137
+85,575
| +5% | +$1.25M |
|
1166
CareTrust REIT
CTRE
$9.08B
| $24.2M | 0.01% |
1,303,409
+156,400
| +14% | +$2.92M |
|
|
SEM
1167
DELISTED
Select Medical
SEM
| $24M | 0.01% |
1,796,001
-170,865
| -9% | -$2.21M |
|
1168
Arvinas
ARVN
$540M
| $24M | 0.01% |
701,755
-31,600
| -4% | -$1.33M |
|
|
COOP
1169
DELISTED
Mr. Cooper
COOP
| $23.9M | 0.01% |
596,803
-156,694
| -21% | -$6.62M |
|
1170
Golar LNG
GLNG
$5.14B
| $23.9M | 0.01% |
1,047,080
+87,686
| +9% | +$2.19M |
|
1171
Woodward
WWD
$18.9B
| $23.8M | 0.01% |
246,478
-41,382
| -14% | -$3.82M |
|
1172
Viavi Solutions
VIAV
$8.33B
| $23.8M | 0.01% |
2,261,814
-183,334
| -7% | -$2.21M |
|
1173
Viasat
VSAT
$9.73B
| $23.8M | 0.01% |
750,984
+121,498
| +19% | +$4.25M |
|
1174
Resideo Technologies
REZI
$2.84B
| $23.8M | 0.01% |
1,444,356
+97,807
| +7% | +$1.77M |
|
1175
Evolent Health
EVH
$423M
| $23.7M | 0.01% |
845,558
+38,599
| +5% | +$1.11M |
|
Similar funds
Norges Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Norges Bank held 2,222 positions worth $415B, up 10% from $376B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Norges Bank deployed $17.2B of net new capital in Q4 2022, opening 133 new positions and adding to 1,177 existing holdings. Its largest new stake was Mobileye: 12,085,900 shares worth $424M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was T-Mobile US, an estimated $548M trimmed.
- Norges Bank's largest Q4 2022 buy was Mobileye: 12,085,900 shares worth $424M.
- Norges Bank added most to Alphabet (Google) Class C in Q4 2022, an estimated $1.1B increase.
- Norges Bank's biggest Q4 2022 reduction was T-Mobile US, cutting an estimated $548M.
- Norges Bank fully exited Twitter, Inc. in Q4 2022, selling an estimated $388M.
- Norges Bank's ten largest holdings make up 21% of its $415B portfolio in Q4 2022.
- Norges Bank opened 133 new positions and closed 92 in Q4 2022.
- Norges Bank's portfolio value rose 10% quarter-over-quarter to $415B.
Based on Norges Bank's 13F filing for Q4 2022, filed 14 Feb 2023.