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 | |
|---|---|---|---|---|---|---|
1201
Methanex
MEOH
$4.21B
| $19.8M | 0.01% |
621,068
+13,806
| +2% | +$500K |
|
1202
Lantheus
LNTH
$6.6B
| $19.8M | 0.01% |
280,846
+166,846
| +146% | +$12.6M |
|
1203
Moelis & Co
MC
$4.98B
| $19.7M | 0.01% |
583,541
+9,723
| +2% | +$407K |
|
|
PRFT
1204
DELISTED
Perficient Inc
PRFT
| $19.7M | 0.01% |
303,216
| – | – |
|
1205
NCR Voyix
VYX
$1.15B
| $19.7M | 0.01% |
1,688,923
-190,015
| -10% | -$3.49M |
|
1206
Privia Health
PRVA
$2.77B
| $19.7M | 0.01% |
+577,556
| New | +$21.4M |
|
1207
Atlantic Union Bankshares
AUB
$6.02B
| $19.7M | 0.01% |
647,262
-53,000
| -8% | -$1.79M |
|
|
GRFS
1208
Grifois
GRFS
$5.33B
| $19.6M | 0.01% |
3,183,997
-1,065,026
| -25% | -$9.47M |
|
|
WBA
1209
DELISTED
Walgreens Boots Alliance
WBA
| $19.6M | 0.01% |
622,886
-5,616,396
| -90% | -$208M |
|
1210
Howard Hughes
HHH
$4.06B
| $19.5M | 0.01% |
369,526
| – | – |
|
1211
Enpro
NPO
$7.12B
| $19.5M | 0.01% |
229,154
+23,600
| +11% | +$2.15M |
|
1212
Peloton Interactive
PTON
$2.38B
| $19.5M | 0.01% |
2,809,332
-111,197
| -4% | -$1.13M |
|
1213
Sunstone Hotel Investors
SHO
$2.1B
| $19.4M | 0.01% |
2,064,270
-4,814
| -0.2% | -$52K |
|
1214
WaFd
WAFD
$2.77B
| $19.4M | 0.01% |
647,109
| – | – |
|
1215
Signet Jewelers
SIG
$3.65B
| $19.3M | 0.01% |
337,326
-27,021
| -7% | -$1.63M |
|
1216
Columbia Sportswear
COLM
$2.93B
| $19.3M | 0.01% |
286,341
+6,523
| +2% | +$478K |
|
|
SGFY
1217
DELISTED
Signify Health, Inc.
SGFY
| $19.2M | 0.01% |
+659,590
| New | +$15.2M |
|
|
SAGE
1218
DELISTED
Sage Therapeutics
SAGE
| $19.2M | 0.01% |
490,702
+38,680
| +9% | +$1.5M |
|
1219
Hamilton Lane
HLNE
$5.43B
| $19.1M | 0.01% |
320,899
| – | – |
|
1220
FormFactor
FORM
$9B
| $19.1M | 0.01% |
762,830
| – | – |
|
1221
United Parks & Resorts
PRKS
$2.09B
| $19.1M | 0.01% |
419,167
| – | – |
|
1222
ZIM Integrated Shipping Services
ZIM
$3.18B
| $19.1M | 0.01% |
811,112
+15,370
| +2% | +$635K |
|
1223
Evertec
EVTC
$1.85B
| $19.1M | 0.01% |
607,670
-20,610
| -3% | -$724K |
|
1224
Viasat
VSAT
$11.3B
| $19M | 0.01% |
629,486
-5,513
| -0.9% | -$185K |
|
1225
Academy Sports + Outdoors
ASO
$2.94B
| $19M | 0.01% |
449,850
-49,423
| -10% | -$2.17M |
|
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.