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 | |
|---|---|---|---|---|---|---|
1176
Coty
COTY
$2.39B
| $21M | 0.01% |
3,318,149
+1,144,500
| +53% | +$8.65M |
|
1177
Duolingo
DUOL
$5.71B
| $21M | 0.01% |
220,003
+191,497
| +672% | +$18.6M |
|
1178
Moog Inc Class A
MOG.A
$13B
| $20.9M | 0.01% |
297,488
+17,800
| +6% | +$1.42M |
|
1179
National Health Investors
NHI
$3.65B
| $20.9M | 0.01% |
370,165
-38,700
| -9% | -$2.44M |
|
1180
CareTrust REIT
CTRE
$9.72B
| $20.8M | 0.01% |
1,147,009
+186,087
| +19% | +$3.79M |
|
1181
Federal Signal
FSS
$7.8B
| $20.8M | 0.01% |
556,181
| – | – |
|
1182
LCI Industries
LCII
$2.57B
| $20.7M | 0.01% |
204,426
+8,229
| +4% | +$1M |
|
1183
Liberty Global Class C
LBTYK
$3.58B
| $20.6M | 0.01% |
1,248,689
-4,789
| -0.4% | -$102K |
|
|
ENV
1184
DELISTED
ENVESTNET, INC.
ENV
| $20.6M | 0.01% |
463,729
+7,567
| +2% | +$404K |
|
1185
Commault Systems
CVLT
$5.53B
| $20.6M | 0.01% |
388,063
| – | – |
|
|
VRNT
1186
DELISTED
Verint Systems
VRNT
| $20.6M | 0.01% |
612,512
-54,713
| -8% | -$2.38M |
|
|
CVET
1187
DELISTED
Covetrus, Inc. Common Stock
CVET
| $20.5M | 0.01% |
984,153
-185,725
| -16% | -$3.87M |
|
|
AIMC
1188
DELISTED
Altra Industrial Motion Corp
AIMC
| $20.4M | 0.01% |
608,198
| – | – |
|
1189
Park Hotels & Resorts
PK
$2.89B
| $20.4M | 0.01% |
1,814,526
| – | – |
|
1190
Flowserve
FLS
$10B
| $20.4M | 0.01% |
839,975
-230,107
| -22% | -$6.96M |
|
1191
Verra Mobility
VRRM
$778M
| $20.3M | 0.01% |
1,322,167
+89,043
| +7% | +$1.44M |
|
|
ETRN
1192
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $20.2M | 0.01% |
2,706,717
-475,216
| -15% | -$3.97M |
|
1193
Banner Corp
BANR
$2.4B
| $20.2M | 0.01% |
342,657
| – | – |
|
|
NUVA
1194
DELISTED
NuVasive, Inc.
NUVA
| $20.2M | 0.01% |
460,485
+10,239
| +2% | +$496K |
|
|
CWEN.A
1195
DELISTED
Clearway Energy Class A
CWEN.A
| $20.1M | 0.01% |
692,080
+20,300
| +3% | +$689K |
|
1196
Coca-Cola Consolidated
COKE
$12.5B
| $20M | 0.01% |
486,740
+43,590
| +10% | +$2.14M |
|
1197
CNO Financial Group
CNO
$5.14B
| $20M | 0.01% |
1,115,189
+130,638
| +13% | +$2.42M |
|
|
ALTR
1198
DELISTED
Altair Engineering Inc
ALTR
| $20M | 0.01% |
451,848
+233,883
| +107% | +$12.3M |
|
1199
Saia
SAIA
$9.65B
| $20M | 0.01% |
105,086
-108,446
| -51% | -$23M |
|
1200
Stepan Co
SCL
$1.45B
| $19.9M | 0.01% |
212,595
+18,100
| +9% | +$1.88M |
|
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.