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 | |
|---|---|---|---|---|---|---|
|
ATC
1226
DELISTED
Atotech Limited
ATC
| $20.5M | 0.01% |
1,058,640
+387,804
| +58% | +$8.01M |
|
1227
HealthEquity
HQY
$8.41B
| $20.5M | 0.01% |
333,585
-158,444
| -32% | -$10.1M |
|
1228
Ziff Davis
ZD
$1.96B
| $20.4M | 0.01% |
273,350
-62,305
| -19% | -$5.16M |
|
1229
ESAB
ESAB
$5.38B
| $20.3M | 0.01% |
+464,496
| New | +$22.4M |
|
1230
Upwork
UPWK
$1.13B
| $20.3M | 0.01% |
982,495
-113,673
| -10% | -$2.23M |
|
|
ETRN
1231
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $20.2M | 0.01% |
3,181,933
-545,719
| -15% | -$4.21M |
|
1232
Penske Automotive Group
PAG
$14.3B
| $20.2M | 0.01% |
193,218
+179,637
| +1,323% | +$19.3M |
|
|
CIXX
1233
DELISTED
CI Financial Corp.
CIXX
| $20.1M | 0.01% |
1,896,481
| – | – |
|
1234
Integer Holdings
ITGR
$4.12B
| $20.1M | 0.01% |
284,708
-29,156
| -9% | -$2.23M |
|
1235
Columbia Sportswear
COLM
$3.04B
| $20M | 0.01% |
279,818
-19,311
| -6% | -$1.54M |
|
1236
Plexus
PLXS
$6.72B
| $20M | 0.01% |
255,007
-19,400
| -7% | -$1.57M |
|
1237
International Bancshares
IBOC
$4.76B
| $20M | 0.01% |
498,568
-12,689
| -2% | -$517K |
|
1238
Cal-Maine
CALM
$4.12B
| $20M | 0.01% |
404,205
+113,846
| +39% | +$5.78M |
|
1239
Opendoor
OPEN
$3.64B
| $20M | 0.01% |
4,377,879
-42,484
| -1% | -$280K |
|
1240
Pebblebrook Hotel Trust
PEB
$2.15B
| $19.9M | 0.01% |
1,203,840
-61,659
| -5% | -$1.36M |
|
1241
Embecta
EMBC
$216M
| $19.9M | 0.01% |
+787,376
| New | +$22.7M |
|
1242
Itron
ITRI
$4.36B
| $19.9M | 0.01% |
402,843
-10,350
| -3% | -$514K |
|
1243
Rush Enterprises Class A
RUSHA
$6.2B
| $19.9M | 0.01% |
618,460
-48,261
| -7% | -$1.61M |
|
1244
Cabot Corp
CBT
$4.54B
| $19.8M | 0.01% |
311,069
-111,923
| -26% | -$7.65M |
|
1245
Federal Signal
FSS
$7.63B
| $19.8M | 0.01% |
556,181
-239,769
| -30% | -$8.24M |
|
|
HR
1246
DELISTED
Healthcare Realty Trust Incorporated
HR
| $19.8M | 0.01% |
726,553
-175,023
| -19% | -$4.89M |
|
1247
Stepan Co
SCL
$1.46B
| $19.7M | 0.01% |
194,495
+7,617
| +4% | +$787K |
|
1248
Medifast
MED
$109M
| $19.7M | 0.01% |
109,180
-16,720
| -13% | -$2.99M |
|
1249
Four Corners Property Trust
FCPT
$2.81B
| $19.6M | 0.01% |
736,865
+8,839
| +1% | +$241K |
|
1250
CBIZ
CBZ
$2.99B
| $19.6M | 0.01% |
490,189
-40,219
| -8% | -$1.62M |
|
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.